China Vanke's CICC-SCPG consumer REIT falls in early trade on debut

Reuters04-30

SHANGHAI, April 30 (Reuters) - China Vanke's first public commercial real estate investment products fell as much as 3% in early trade on their Tuesday debut, reflecting caution towards China's second-largest developer in the midst of a prolonged property market downturn.

The CICC-SCPG Consumption Infrastructure real estate investment trust $(REIT)$ listed in Shenzhen is backed by shopping centres owned by SCPG Holdings, the commercial property platform of Vanke.

(Reporting by Shanghai Newsroom; Editing by Christopher Cushing)

((Li.Gu@thomsonreuters.com;))

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