国家发展改革委表示 持续推动基础设施REITs市场扩围扩容

Core Viewpoint - The National Development and Reform Commission (NDRC) has issued a notification to promote the regular application and recommendation of infrastructure Real Estate Investment Trusts (REITs), focusing on new asset types and enhancing the quality and efficiency of project approvals [1][2][4] Group 1: Promotion of New Asset Types - The notification encourages the exploration and issuance of new asset types such as railways, ports, ultra-high voltage transmission, communication towers, market-oriented rental housing, cultural tourism, specialized markets, and elderly care facilities [2][3] - The aim is to align these new asset types with national economic growth and social development strategies, providing innovative financial models for industries with large investment scales and long return cycles [2] Group 2: Support for Private Investment Projects - The NDRC emphasizes support for private investment projects by establishing a specialized coordination service mechanism at the provincial level to facilitate the issuance of infrastructure REITs [3] - This includes helping private investment projects to complete compliance procedures and addressing issues during project cultivation [3] Group 3: Expansion of Asset Acquisition - The notification supports the acquisition of new projects through existing listed infrastructure REITs, allowing for the integration of similar and related industry projects [3] - It encourages cross-regional asset integration to strengthen infrastructure REIT products and create a capital operation platform [3] Group 4: Focus on Quality and Efficiency - The NDRC aims to enhance the quality of projects by prioritizing those with a higher proportion of net recovery funds relative to the total fund amount, thereby promoting effective investment cycles [3] - Continuous tracking of the use of recovered funds from listed infrastructure REITs is mandated to ensure compliance and effective reporting [3] Group 5: Market Development and Performance - Since the regular recommendation and issuance of infrastructure REITs, the system has improved, and the issuance scale has steadily increased, indicating a positive market performance [4] - The focus is on creating a virtuous cycle of investment through policy coordination and innovative models, providing low-cost, long-term financing channels [4]