According to CoinMeta, the Shenzhen Stock Exchange officially approved the registration of Huatai Zijin Hua Zhu An Closed-End Commercial Real Estate Securities Investment Fund on August 17, making it the first hotel-type commercial real estate fund listed on the Shenzhen Stock Exchange. The fund is managed by Huatai Securities (Shanghai) Asset Management Co., Ltd., and its underlying assets include the Meiju Hotel at the Guangzhou Tianhe Sports Center under the Huazhu Group, the Quanjì Hotel project, and the Shanghai Jiangqiao Wanda Orange Crystal Hotel project. Hotel real estate remains a scarce category in domestic public offerings, and this approval is expected to provide more options for market investors.