LJZ(SH:600663) Di Yi Cai Jing·2025-11-06 14:06Core Insights - The REITs market in China is transitioning from pilot programs to regular issuance, becoming a crucial tool for real estate financial innovation and supporting high-quality economic development [1] - As of October 2025, nearly 80 REITs projects are expected to be listed, indicating significant market expansion [1] - The National Development and Reform Commission has initiated measures to enhance the regular application and recommendation process for infrastructure REITs, broadening the asset types included in REITs [1] Group 1 - The REITs market is focusing on maintaining stability amid expansion, with an emphasis on diversifying asset types, optimizing transaction structures, and improving legal regulations [1] - A financial salon on November 8 will discuss the new phase of China's REITs market, addressing opportunities and challenges to promote high-quality development [1] Group 2 - The main guest of the salon is Du Xuanjun, who has extensive experience in the multi-level REITs sector and has successfully led multiple public REITs product issuances [2] - Four industry experts with deep understanding of REITs research, investment, and issuance will participate in the dialogue [5][11][13][19] Group 3 - The dialogue will explore various topics, including potential new asset types for REITs, balancing market quantity and quality, and how original rights holders can achieve "light asset" transformation through REITs [22] - Discussions will also cover the maturity of liquidity and valuation systems in the current REITs market, the long-term allocation value of REITs from the perspective of investment institutions, and potential breakthroughs in rules and tax policies for the future of China's REITs market [22]