On December 25, the GTJA Jinan Energy Heating Closed-End Infrastructure Securities Investment Fund (REIT), initiated by Jinan Energy Group Co., Ltd. and Jinan Thermal Power Group Co., Ltd. as the original rights holders, with GTJA Securities Co., Ltd. as the financial advisor, and Shanghai GTJA Securities Asset Management Co., Ltd. as the fund manager and plan manager, received approval for registration from the China Securities Regulatory Commission and recently obtained a no-objection letter from the Shanghai Stock Exchange. The GTJA Jinan Energy Heating REIT is the first municipal infrastructure public REIT in China and also the first public REIT for heating infrastructure in China.