Shanghai: Support the issuance of real estate investment trusts for consumption infrastructure.

The Shanghai municipality has issued several measures to promote the improvement and efficiency of the service industry, boost consumption, and stimulate coordinated development. Among them, it mentions encouraging financial institutions to support key projects in the consumption field such as the renovation and upgrading of commercial districts, commercial facilities, and community convenience services, by strengthening support in loan approval conditions, term settings, and loan amounts. It also supports the issuance of real estate investment trusts for consumer infrastructure and encourages eligible consumer infrastructure projects to apply for local government special bonds.