外资借道REITs积极布局中国市场 市场首发规模将突破2000亿元

Core Insights - The domestic public REITs market in China has reached 75 listed projects with a total issuance scale of 196.619 billion yuan, nearing the 200 billion yuan mark with upcoming issuances [1][2] - The launch of the first foreign-funded consumer REIT, Huaxia CapitaLand Commercial REIT, marks a significant step towards the internationalization and diversification of China's public REITs market [3] Group 1: Market Expansion and New Issuances - A total of 19 public REITs have been newly issued this year, with 2 additional expansions, indicating a steady growth in market issuance scale and diversification of participating entities and asset types [2][6] - The recent approval of the Huaxia Anbo Warehousing REIT further demonstrates the active participation of foreign institutions in the Chinese market [1][6] Group 2: Specific REIT Projects - The Huaxia CapitaLand Commercial REIT had a proposed fundraising scale of 2.2872 billion yuan, with total subscriptions reaching 309.17 billion yuan, reflecting high market interest [3][4] - The underlying assets of the Huaxia CapitaLand Commercial REIT include two mature shopping centers in Guangzhou and Changsha, with an occupancy rate exceeding 96% and an average revenue growth rate of over 4% [3][4] Group 3: Policy and Structural Developments - The issuance of the "Notice on Further Improving the Normalized Application and Recommendation Work for Infrastructure REITs" is expected to enhance the quality and expansion of China's public REITs market [2][6] - The policy shift aims to support a wider range of project issuers, including more private and foreign enterprises, which could diversify the market further [6][7]