中国证监会就推出商业不动产投资信托基金试点的公告公开征求意见

Core Viewpoint - The China Securities Regulatory Commission (CSRC) announced on November 28 the draft announcement for the pilot program of commercial real estate investment trusts (REITs) to promote high-quality development in the REITs market and enhance the service efficiency of the multi-level capital market for the real economy [1] Group 1: Product Definition - Commercial real estate REITs are defined as closed-end publicly raised securities investment funds that hold commercial real estate to obtain stable cash flow and distribute profits to fund shareholders [1] Group 2: Fund Registration and Management Requirements - The announcement outlines requirements for fund managers and custodians, due diligence, application materials, and commercial real estate, emphasizing the active operational management responsibilities of fund managers [1] Group 3: Role of Fund Managers and Professional Institutions - The announcement stresses the importance of fund managers and professional institutions, mandating strict adherence to professional norms and regulatory requirements [1] Group 4: Strengthening Regulatory Responsibilities - It clarifies the responsibilities of various regulatory bodies to perform their duties in accordance with laws and regulations regarding the supervision and risk monitoring of commercial real estate REITs [1]