On March 8th, Cai Jianchun, a member of the National Committee of the Chinese People’s Political Consultative Conference and General Manager of the Shanghai Stock Exchange, stated in an interview that the ETF and public REITs markets have broad prospects. Next, the Shanghai Stock Exchange will explore multi asset class indices to meet the investment needs of investors with different risk preferences. Taking ETFs as an example, equity ETFs account for 13% of the total market value in the US market, 11% in Europe, 8% in Japan, and we are less than 4%. From the international market perspective, we have a certain gap, and the gap is the direction we are striving for, “said Cai Jianchun. At this year’s National People’s Congress and Chinese People’s Political Consultative Conference, Cai Jianchun continued to pay attention to the construction of the real estate investment trust (REIT) market. He suggested that on the basis of the previous reform work, further deepening and solidifying should be carried out to accelerate the construction of a multi-level REITs market.
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