首单保障房项目完成扩募！还有多只公募REITs已递交申请

Core Viewpoint - The successful expansion of the Huaxia Beijing Affordable Housing REIT marks a significant milestone in the domestic REIT market, particularly in the affordable rental housing sector, indicating a growing trend in public REIT expansions in China [1][4][5]. Group 1: REIT Expansion Details - On June 14, Huaxia Fund announced the completion of the expansion of the Huaxia Beijing Affordable Housing REIT, which is the first successful expansion of the second batch of REITs in China [1][4]. - The expansion involved a total issuance of approximately 224 million shares at a price of 4.22 yuan per share, raising approximately 946 million yuan (excluding interest during the fundraising period) [5]. - The newly acquired infrastructure projects include properties located in various districts of Beijing, such as Fangshan, Tongzhou, Daxing, and Haidian [5]. Group 2: Market Trends and Future Prospects - The public REIT market in China has seen a positive cycle of both existing and new assets since the first batch of public REITs was established in June 2021, with several products applying for expansions in 2023 [6][7]. - Other public REITs, such as the CICC Xiamen Affordable Rental Housing REIT and Bosera China Merchants Shekou Industrial Park REIT, have also submitted applications for expansion, indicating a broader trend in the market [6][7]. - Analysts suggest that the expansion of public REITs is driven by increased investment interest from residents and the need for new investment avenues in a low-interest-rate environment [7][8]. Group 3: Financial Innovation and Social Impact - The successful expansion of the Huaxia Beijing Affordable Housing REIT demonstrates the potential of REITs as an innovative financial tool to support major social welfare projects while providing returns to capital markets [5][8]. - The expansion is expected to enhance cash flow reserves for project managers, optimize asset management quality, and ultimately provide better and more stable returns for investors [8].