中国REIT市场加速增长，标志着房地产投资新时代的到来

Group 1 - The core viewpoint indicates that by 2026, more incremental policies are expected to accelerate in the real estate market, aiding in the release of demand, with a projected 6.2% year-on-year decline in new residential property sales area, a reduction in the decline compared to this year [1][3] - The China Real Estate Investment Trust (C-REIT) market is entering a transformation phase, with a rapid expansion in issuance scale, reaching a total issuance amount of RMB 207 billion across 77 projects, highlighting its growing maturity and strategic importance [1][3] Group 2 - Recent market activities have accelerated, particularly in the C-REIT sector, which now accounts for 54% of the total issuance scale, driven mainly by the expansion in retail, rental housing, and logistics sectors [3] - The retail sector has seen 12 listings, raising a total of RMB 30.3 billion, reflecting strong secondary market performance and positive market sentiment [3] - Experts believe that the C-REIT market is poised for sustained growth, integrating further into China's broader strategic economy, providing a key mechanism for addressing leverage in infrastructure and commercial real estate sectors, promoting sustainable urban development, and offering a transparent and regulated channel for public investment in high-quality infrastructure and commercial real estate assets [3]