Shanghai is aiming to become a premier location for Real Estate Investment Trusts (REITs) by supporting qualified asset management institutions in participating in REITs business. This initiative is part of a broader plan to deepen Shanghai's role as a global asset management center, with a goal of reaching 55 trillion yuan in asset management scale by 2030. The plan also includes supporting tech-focused companies in listing and M&A, and expanding various bond types. AI
RANK_REASON Policy announcement from a major city government impacting a specific financial product. [lever_c_demoted from significant: ic=1 ai=0.1]
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