Zhong Guo Zheng Quan Bao·2025-08-15 01:24Core Viewpoint - The recent listing of Southern Runze Technology Data Center REIT and Southern Wanguo Data Center REIT marks a significant development in China's public REITs market, attracting substantial interest from institutional investors, particularly insurance funds [1][2]. Group 1: Market Overview - Southern Runze Technology Data Center REIT and Southern Wanguo Data Center REIT were listed on August 8, with both products experiencing a price increase of 30% by the end of the trading day [2]. - The public offering of these REITs was met with enthusiastic subscription, with the public investor portion sold out in one day, leading to early closure and proportional allocation [2]. - Insurance institutions such as China Life Asset, Ping An Health Insurance, and others participated as strategic investors in these REITs [2][3]. Group 2: Investment Trends - Insurance funds are diversifying their investments into public REITs, with 14 public REITs issued this year, and insurance accounts participating in offline offerings, with allocations exceeding 10% for the two newly listed REITs [3]. - Public REITs are seen as a stable investment option that aligns well with the long-term investment needs of insurance funds, providing stable dividends and lower risk [4]. Group 3: Future Outlook - The public REITs market is expected to continue growing, with insurance funds likely to increase their allocation to these investment vehicles as they seek to optimize their asset allocation strategies [5]. - Despite the positive outlook, challenges remain, including the relatively small scale of public REITs and limited market liquidity, which may hinder large-scale investments from insurance funds [6].