TREE NEWS update: The Shanghai Stock Exchange expanded its published list of funders for bond-pledged negotiated repo to 28 from 22. For the first time, the list highlights five institutions that accept inter-institutional REITs as collateral: GF Asset Management, Wanlian Asset Management, CMB Wealth Management, Yunnan Trust and CITIC Trust.
Shanghai Stock Exchange expands repo funder list to 28, adds REITs collateral
The headline number is the funder count, but the operative detail is the collateral line: inter-institutional REITs now have named counterparties willing to take them in repo, which speaks to the slow build-out of a funding channel for a market that has long lacked one. The named institutions skew toward asset managers and trusts rather than banks, suggesting appetite is concentrated where REIT expertise already sits. Whether that acceptance broadens beyond these five, and whether it deepens rather than stays nominal, is the open question.
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