2025版清单发布，涵盖更多行业领域和资产类型——基础设施REITs再扩围

Core Viewpoint - The National Development and Reform Commission (NDRC) has released the "2025 Edition of the Industry Scope List for Real Estate Investment Trusts (REITs) in the Infrastructure Sector," expanding the scope for infrastructure REITs issuance to better support the real economy and promote investment cycles [1][4]. Group 1: REITs Overview - REITs are publicly traded financial products that convert stable income-generating infrastructure assets into liquid, standardized equity products [2]. - Infrastructure REITs facilitate the revitalization of existing assets and the recovery of funds for new project construction, enhancing the quality and efficiency of financial services to the real economy [2][3]. Group 2: Expansion of Issuance Scope - The issuance scope of infrastructure REITs has significantly expanded, now covering 12 major industries and 52 asset types prior to the 2025 edition release [4]. - New additions to the 2025 list include commercial office facilities and urban renewal facilities, with specific projects like four-star and above hotel projects and sports venues in the consumer infrastructure sector [4]. Group 3: Project Issuance and Investment Impact - Over 80 projects have been issued and listed, with a total fundraising amount of 207 billion yuan, expected to drive new project investments exceeding 1 trillion yuan [5]. - Private investment projects have played a crucial role, with examples including community commercial and agricultural market REITs, which have enhanced the quality of consumer infrastructure [6]. Group 4: Future Directions - The NDRC aims to continue supporting eligible private investment projects in issuing infrastructure REITs, enhancing the market's expansion and addressing challenges faced by private investment projects [6]. - Ongoing collaboration with the China Securities Regulatory Commission (CSRC) will focus on optimizing the application process and improving project quality while preventing risks [6].