11 September 2023
On 11 September 2023, the Development and Reform Commission of Shenzhen Municipality issued the “Several Measures for Supporting the High-Quality Development of Real Estate Investment Trusts (“REITs”) in the infrastructure field of Shenzhen” (“the Measures”). The Measures specified the active exploration REITs connectivity between Shenzhen and Hong Kong. The Measures further promoted the two-way opening of the Shenzhen-Hong Kong capital market, explored and promoted the inclusion of REITs in Shenzhen and Hong Kong into the scope of Shenzhen-Hong Kong Stock Exchange Standards, and studied the interface of the rules of REITs of Shenzhen and Hong Kong. The Measures also supported relevant original interest holders in the Guangdong-Hong Kong-Macao Greater Bay Area to choose to issue infrastructure REITs on Shenzhen Stock Exchange according to the asset type and listing rules.