Workflow
公募REITs迎政策“东风” 混装扩募与民企项目上市获支持
Zheng Quan Shi Bao·2025-09-14 18:07

Core Viewpoint - The National Development and Reform Commission (NDRC) has issued a notification to enhance the regular application and recommendation process for infrastructure Real Estate Investment Trusts (REITs), focusing on market expansion, optimizing fundraising and application processes, and encouraging new types of projects to be listed [1] Group 1: Policy Support for Asset Mix and Expansion - The "Document 782" provides clear policy support for asset mix expansion in REITs, allowing for the integration of existing assets across regions and industries, thereby strengthening the infrastructure REITs products [2][3] - The document allows leading companies to acquire smaller projects and utilize REITs for revitalization, enabling smaller firms to indirectly issue REITs for project exit [2][3] Group 2: Encouragement of Private Investment Projects - The notification emphasizes support for private investment projects to issue infrastructure REITs, establishing a coordination service mechanism to assist in compliance and accelerate project development [3][4] - As of September 13, over 10 private REITs projects have been listed, raising more than 25 billion yuan, showcasing the significant role of private enterprises in expanding the REITs sector [4] Group 3: Expansion of Asset Types - The document outlines plans to accelerate the application of mature asset types like toll roads and clean energy, while also exploring new asset types such as railways and cultural tourism for future issuance [5] - Currently, over 70 public REITs products are listed, with more than 80 in the approval process, covering approximately 10 asset types [5] Group 4: Information Management Improvements - The NDRC plans to launch an information system for infrastructure REITs project applications, enhancing standardization and traceability of the application process [6] - The introduction of this information system is expected to improve internal coordination efficiency and address existing bottlenecks in the application stages [6]