CapitaLand (SGX:C31) will be increasing its exposure to China in new economy assets by S$3.5 billion to S$5 billion over the next few years, using capital unlocked from asset recycling. It aims to position itself to ride on China’s economic transformation which focuses on technology, services and domestic consumption. Investments will include business parks, logistics and data centres, where tenants typically hail from new economy sectors that enjoy robust fundamentals and a supportive regulatory environment. CapitaLand Retail China Trust (SGX:AU8U) (CRCT) has been designated the Group’s dedicated real estate investment trust (REIT) platform for non-lodging assets in China, with access to CapitaLand’s extensive pipeline in the country. CRCT will also continue to explore opportunities from third parties and acquire from the market to reinforce its leading position as Singapore’s largest China-focused REIT with a target portfolio mix of 40% in integrated developments, 30% in retail and 30% in new economy (business parks, logistics and data centres).