Following Shanghai Stock Exchange's announcement in December 2017 to allow Sungent Group to bring its REIT (real estate investment trust) products concerning 10 neighborhood centers in SIP into its e-market, the SIP-based real estate developer has started its journey as a pioneer in securitizing community assets in the country.

The REIT products are expected to raise RMB 2.05 billion during a five-year period to help the neighborhood centers enhance their management and service qualities.

However, it is not the only benefit that the REIT products will generate. Sungent's move will also set a good example for activating state-owned assets for more added value, expanding financing channels and upgrading asset operation.