Group 1 - The core viewpoint of the article is that CapitaLand has established its first onshore mother fund in China, the CapitaLand RMB Mother Fund, which has attracted a major domestic insurance institution as a key investor with a total commitment of 5 billion RMB (approximately 921 million SGD) [1] - The mother fund is expected to contribute 20 billion RMB (approximately 3.7 billion SGD) to CapitaLand's fund assets under management upon completion of investments [1] - The RMB Mother Fund will invest through a series of sub-funds focusing on high-quality assets with stable cash flow and long-term appreciation potential, including industrial parks, shopping centers, rental housing, and serviced apartments in first-tier and strong second-tier cities in China [1] Group 2 - CapitaLand's investment strategy aligns with China's national development direction, supporting the country's economic transition towards consumption and innovation-driven growth [2] - Since 2021, CapitaLand has successfully established seven RMB private equity funds in China, raising a total of 54 billion RMB [2] - CapitaLand has also applied for its first public REIT in China, the CapitaLand Commercial C-REIT, which is expected to be the first foreign-funded consumption-related public REIT in China [2]