C-REITs returns bounced back after April’s drop to rise 3% in May, as Chinese authorities unveiled a raft of stimulus measures to cushion the economy from US trade tensions.
The PBOC lowered its benchmark seven-day reverse repo rate – a key interest rate – by 10 bps to 1.4%. Reserve requirements were also lowered by 50 bps to 6.2%.
58 of the 67 listed REITs saw month-over-month gains, with affordable rental housing, consumer infrastructure, and industrial parks stocks outperforming.
Shanghai Lingang Holdings received official approval from China’s securities watchdog to inject an additional asset – Caohejing Science and Technology Oasis Kangqiao Park Project – into Guotai Junan‘s Lingang Innovation Park REIT.
