Hefei National High-tech Industry Development Zone listed a REIT (real estate investment trust) on the Shenzhen Stock Exchange on Oct 10.

It is the fifth national-level high-tech industrial park REIT with the Hefei Innovation Industrial Park (Phase I) in the zone, and was launched by Hefei STIP, which operates the park, CITFIC Securities and China Asset Management.

The REIT increased by 30 percent during its debut on the Shenzhen Stock Exchange, showing the market's confidence in the zone's development.

As an important approach to realizing real-estate securitization, REITs collect investors' funds and hand them over to professional investment institutions for real estate investment management.

Under its business model, a REIT leases space and collects rents on the properties, then distributes that income as dividends to shareholders.