Deloitte China assists listing of CICC Fund Vipshop Outlet REIT on SSE
Deloitte China successfully assisted the listing of the CICC Fund and Vipshop Outlets Closed-End Infrastructure Securities Investment Fund (CICC Fund Vipshop Outlet REIT, fund code: 508082) on the Shanghai Stock Exchange (SSE) on 12 September 2025.
CICC Fund Vipshop Outlet REIT is an important exploration of Vipshop Holdings (Vipshop), China's brand discount e-commerce platform and a integrated e-commerce player, in the Chinese domestic capital market. With outlet malls as its underlying assets, it also provides a benchmark for consumption infrastructure REITs.
Representatives of CICC Fund Vipshop Outlet REIT, Deloitte China, and other professional intermediaries attended CICC Fund Vipshop Outlet REIT’s listing ceremony at SSE.
(from left) Yvonne Feng, Deloitte China's Audit & Assurance (A&A) senior manager; Robert Ma, Southern China Offering Services partner of the Capital Market Services Group (CMSG); Polly Lee, Southern Region (SR) leader of A&A; Ray Chan, SR A&A Deputy Regional leader and SR A&A Growth officer; Cloris He, EQCR partner of the CICC Fund Vipshop Outlet REIT engagement and Simon He, A&A manager, attend the listing ceremony of CICC Fund Vipshop Outlet REIT in the SSE.
Client overview
Sanjing Outlet Mall, Haishu District, Ningbo is the underlying asset of the CICC Fund Vipshop Outlet REIT. The original assets holder, Shanshan Commercial Group Co., is one of China's operators of shopping outlets, with years of expertise in this industry, specializing in the development, construction, operation, and management of outlet malls. Vipshop, the assets sponsor, focuses on discount products from brand flash sales.
Deloitte’s role
As a core intermediary, Deloitte China was deeply involved in the entire process of listing the CICC Fund Vipshop Outlet REIT, providing professional services, including auditing the financial statements of the infrastructure project, reviewing the calculation tables of its allotted funds, and auditing its delivery financial statements.
We congratulate CICC Fund Vipshop Outlet REIT on its successful debut on SSE. We will continue to provide high quality professional services and outstanding resource integration to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.
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