“储备+培育+发行”多轨并行 江苏省用好REITs工具推动经济高质量发展

Core Insights - The infrastructure REITs market in China has seen significant growth, with 75 products listed and a total issuance scale exceeding 200 billion yuan as of September [1] - Jiangsu Province is leading in the issuance of infrastructure public REITs, with 12 public REITs and 19 underlying assets located within the province, raising a total of 240 million yuan [2][4] Group 1: Market Overview - As of September, the Shanghai Stock Exchange has 51 related projects, accounting for approximately 70% of the total market, with financing totaling 140 billion yuan [1] - The REITs cover various sectors including data centers, rental housing, logistics, industrial parks, consumption, energy, transportation, and municipal environmental protection [1] Group 2: Jiangsu Province's Initiatives - Jiangsu has established a "reserve + cultivation + issuance" model for public REITs to enhance financial support for high-quality economic development [2] - The province has successfully launched 8 REITs, with 6 management institutions based in Jiangsu, maintaining a leading position in project quantity, asset quantity, and fundraising scale nationwide [2] Group 3: Notable Projects - Dongwu Suyuan REIT, one of the first nine infrastructure REITs, focuses on incubating high-tech enterprises in Suzhou Industrial Park, attracting over 100 renowned companies [3] - The recently listed Nanfang Wanguo Data REIT aims to support the digital infrastructure sector, with a 100% renewable energy usage target for its underlying asset by 2024 [3] Group 4: Government Support - Jiangsu Province has integrated REITs into its "14th Five-Year Plan" and has implemented various supportive policies to promote healthy development and innovation in the REITs sector [4][5] - The Jiangsu Securities Regulatory Bureau is actively collaborating with local governments and industry departments to support state-owned enterprises in utilizing public REITs for asset revitalization [5][6] Group 5: Regulatory Collaboration - The Shanghai Stock Exchange is committed to enhancing the REITs listing mechanism and has developed a series of exemplary projects to facilitate market collaboration [7] - Future efforts will focus on improving communication with local governments and stakeholders to address key issues in REITs project advancement [7]