CSI REITs Total Return Index Falls for Seventh Session, Closes at 928.96

The CSI REITs Total Return Index extended its decline to a seventh straight session and closed at 928.96 on June 24, after previously falling below the 1,000-point level, according to 36Kr. Against this backdrop, the market has raised concerns about liquidity in publicly offered REITs. Based on institutional tracking of turnover and trading activity, public REIT liquidity is described as having “acceptable overall volume, worsening structure, and increasing stratification,” with weaker trading depth and shock resistance for mid- and lower-tier assets. Industry participants said improving liquidity would require measures such as attracting incremental capital, diversifying the investor base, and strengthening supporting market mechanisms, and that any recovery may depend on the rollout of policies that facilitate long-term incremental inflows.