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MNI China Press Digest, May 6: Tourism, REITs

     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Wednesday:
     Domestic Chinese tourist numbers reached 115 million over the May public
holiday period, about 60% on last year and ahead of expectations, according to
data from the Ministry of Culture and Tourism. Yicai cited data from the
TravelGo which showed that prices at hotels and homestays were up 42% year on
year. Tourist capacity at major tourism sites are limited to 30% of normal
maximum capacity as a result of the pandemic restrictions.
     Analysts believe that the scale for infrastructure backed securitisation
projects in China can reach CNY6 trillion, according to a report in Securities
Times. The estimate came after a Government announcement to allow the investment
by public offer funds in what are considered as China's Real Estate Investment
Trusts (REITs). The debut of the product can revitalize infrastructure assets in
China and alleviate the financial pressure to boost infrastructure investment,
Chen Xingde, the general manager of Tebon Fund, told the Times.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]

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