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On June 25, the expansion project of ChinaAMC Beijing Affordable Housing REIT officially listed on the Shanghai Stock Exchange, setting a precedent as the country's first successful rental housing REITs expansion endeavor. This milestone signifies the solidification of a dual-pronged strategy of "initial public offering + expansion" within the publicly traded REITs market, thereby expediting the normalization of REITs issuance processes. The expansion initiative secured approximately RMB 946 million in funding, which will be allocated towards the acquisition of four established rental housing projects situated across various districts in Beijing. The recouped capital will subsequently be directed towards the development of public rental housing and other affordable housing options.
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