Asia Pacific Capital Markets Hub 2024 - 2025

Figure 15: The Public Infrastructure REITs Market in the Chinese Mainland 250

4.0%

Market expansion and declining interest rates drove continued growth in REIT market value

RMB billion

3.5%

200

First affordable housing and clean energy REITs listed

3.0%

First batch of 4 REITs completed

First batch of consumer infrastructure REITs listed

2.5%

150

follow-on offerings

First batch of 9 REITs listed

2.0%

100

1.5%

1.0%

50

0.5%

0

0.0%

总市值（亿元） Total Market Value (RMB 100 million)

换手率

Turnover Rate

Source: Wind, compiled by Cushman & Wakefield

25