Chutian Expressway(SH:600035) Zhong Guo Jing Ji Wang·2025-08-19 06:01Group 1 - The core viewpoint of the article highlights the ongoing enthusiasm for public REITs in China, with new products being submitted for approval, including the "Hubei Jiao Investment Chutian Expressway Closed-End Infrastructure Securities Investment Fund" by Huaxia Fund [1] - The new REIT is initiated by Hubei Chutian Intelligent Transportation Co., Ltd. and Hubei Jiao Investment Construction Group Co., Ltd., with CITIC Securities as the special plan manager [1] - The underlying assets for the new REIT include the toll rights and associated facilities of a specific section of the Daguangbei Expressway, which spans 147.115 kilometers and has a toll collection period from April 1, 2009, to June 18, 2039 [2] Group 2 - As of August 17, there are 73 public REITs listed in the market, with several products in various stages of the approval process [3] - The upcoming issuance of the 74th public REIT, the "Zhongjin Vipshop Outlets REIT," has completed its inquiry process, with an issuance price set at 3.48 yuan per share, starting from August 20 [4] - The current public REITs market is experiencing a correction, with the total market value dropping below 220 billion yuan, despite a year-to-date increase in the indices [5][6] Group 3 - The recent market correction in public REITs is attributed to a shift in market risk appetite, as equity markets have performed well since June, leading to reduced enthusiasm for REITs among institutional investors [6] - Analysts suggest that the low interest rate environment in 2025 may present new investment opportunities in the REITs market, with strategies focusing on policy themes, resilient assets, and quality projects [6]