Shang Hai Zheng Quan Bao·2025-05-11 14:09Core Viewpoint - The acceleration of public REITs expansion is injecting new momentum into the market, establishing a dual-driven model of "initial public offerings + expansions" for the public REITs market, which is expected to enhance liquidity and stabilize market development [2][3][4] Group 1: Market Dynamics - The recent approval of multiple public REITs expansion projects indicates a significant shift in the market, with policies and improved review efficiency contributing to this trend [2][3] - The expansion of public REITs is seen as a crucial mechanism for revitalizing existing assets and broadening long-term funding sources for infrastructure projects [4] Group 2: Specific Projects and Initiatives - The expansion application for Guotai Junan Lingang Innovation Industrial Park REIT has been marked as "feedback received," indicating progress in the expansion process [2] - The first batch of four public REITs received approval for expansion between March and April 2023, marking the beginning of a dual-driven growth pattern [3][4] Group 3: Strategic Implications - The collaboration between listed companies and public REITs is expected to enhance core competitiveness and sustainable development capabilities [3] - Expansion is not only aimed at increasing market size but also at optimizing asset allocation and improving secondary market performance [4]