Core Insights - The report highlights the impressive performance of China's mainland REITs, which is reshaping the Asian REITs market landscape [1] Market Development - The report from Colliers International analyzes the recent development of China's public REITs market, focusing on the characteristics and operational performance of different asset types from a bottom-up perspective [1] - In the context of an overall contraction in the Asian market, a divergence in development has been observed between mature and emerging markets [1] Market Positioning - China's mainland REITs market has entered a phase of normalized issuance, surpassing Hong Kong in market capitalization, and now ranks alongside Japan and Singapore as one of the three largest markets in Asia, collectively accounting for approximately two-thirds of the total market capitalization in the region [1] - Emerging market REITs in Southeast Asia and South Asia are also experiencing a general expansion in market capitalization [1]