Feb 09, 2023 04:13 PM (GMT+8) · EqualOcean
Harvest & JD Storage Logistics REIT (Chinese: 嘉实京东仓储物流封闭式基础设施证券投资基金, SH: 508098) debuted on the Shanghai Stock Exchange yesterday, raising CNY 1.75 billion (USD 260 million). Its price saw a huge leap of 11.64% on the first trading day, closing at CNY 3.92. Harvest & JD Storage Logistics REIT, founded on January 11, 2023, and managed by Harvest Fund (Chinese: 嘉实基金), is the first real estate investment trust in China issued by a privately owned company. Assets of the REIT include three logistics parks owned by JD in Langfang, Hebei province, Wuhan, Hubei province, and Chongqing.