China's first infrastructure REITs began trading

China's first batch of infrastructure real estate investment trusts (REITs) made debut on June 21, with five on the Shanghai Stock Exchange and four on the Shenzhen Stock Exchange.

As a tool that invests in in-use infrastructure projects and distributes project cash flow to investors, the nine publicly offered REITs cover areas including highways, industrial parks, storage and logistics, and sewage treatment.

The price fluctuation limit is 30 percent on the first day of listing and 10 percent after that.