北京证监局：推动北京辖区REITs市场高质量发展

Core Insights - The Beijing Securities Regulatory Bureau held its first public REITs regulatory work meeting on November 7, focusing on the development and challenges of the public REITs market in Beijing [1][2] - As of October 2025, Beijing has listed 15 public REITs with a total fundraising scale of 38 billion yuan, covering seven asset types, making it the leader in the country in terms of the number of listings, fundraising scale, and asset diversity [1][2] - The meeting highlighted the need for compliance, professionalism, and innovation in the REITs sector, emphasizing the importance of collaboration among market participants to build a healthy ecosystem [2][3] Market Development - The public REITs market in Beijing has shown steady growth since its pilot launch, with improved market resilience and significant influence across the national market [1] - The listed products have demonstrated overall stable operations, with a positive performance in the secondary market, contributing to a good market demonstration effect [1] Current Challenges - The meeting addressed key issues in the market, including the responsibilities of fund managers, operational management capabilities of certain projects, valuation, and information disclosure [1][2] Collaborative Efforts - Representatives from various fund management companies and original equity holders discussed topics such as operational collaboration, asset type expansion, fundraising mechanisms, and ecosystem development [2] - The meeting called for a consensus among market participants to enhance the unique "capital brand" of the REITs market in Beijing, focusing on quality and sustainability [3]