公募REITs连跌三周，年内首单交通基础设施REIT获受理

Market Performance - The public REITs secondary market experienced continued adjustments last week, with the CSI REITs index closing at 838 points, down 1.87% week-on-week, and the CSI REITs total return index down 1.74% to 1062.1 points [1][3] - The market has seen three consecutive weeks of declines since August, with only 9 out of 73 listed public REITs products showing an increase, while 64 experienced declines [1][3] Top Performers - The top three performing REITs for the week were: - CICC Chongqing Liangjiang REIT, up 2.33% - ICBC Hebei Expressway Group REIT, up 2.18% - CITIC Securities Mingyang Smart Energy REIT, up 1.38% [1][4] Bottom Performers - The three worst-performing REITs were: - CICC Xiamen Anju Affordable Rental Housing REIT, down 6.28% - Huatai Suzhou Hengtai Rental Housing REIT, down 6.18% - Huitianfu Shanghai Real Estate Rental Housing REIT, down 5.65% [5][4] Sector Analysis - The REITs market saw a broad decline across various sectors, with transportation and new infrastructure REITs experiencing smaller declines compared to others. The performance from high to low was as follows: - Transportation: -0.86% - New Infrastructure: -0.96% - Energy: -0.99% - Warehousing: -1.22% - Industrial Park: -1.23% - Municipal Environmental Protection: -1.89% - Consumer: -2.16% - Affordable Housing: -3.97% [3][5] Policy Developments - On August 16, the National Development and Reform Commission published an article supporting private investment projects to issue REITs, aiming to enhance the participation of private enterprises in major national projects [2][7] - The Huaxia Hubei Traffic Chutian Expressway REIT was accepted by the Shanghai Stock Exchange, marking it as the first traffic infrastructure REIT application for 2025 [2][8] Market Outlook - Analysts from Guotai Haitong Securities noted that the REIT market is under pressure due to a systemic reassessment of major asset classes, with expectations of continued pressure on the REIT market [6][5] - CICC also indicated that the REIT market is currently in a performance vacuum between quarterly reports, with potential opportunities for larger institutional funds to gradually enter the market [6]