华夏中核清洁能源REIT发售火爆
Xin Lang Cai Jing·2025-12-31 00:19

Core Insights - The successful issuance of the first water power REIT in Xinjiang, the Huaxia CNNC Clean Energy REIT, has garnered significant attention, with total subscription funds reaching 161.69 billion yuan, indicating a strong market recognition of the fund's quality underlying assets and management capabilities [1][2] Group 1: Fund Performance - The public offering attracted an effective subscription multiple of approximately 392 times, while the offline investors saw a subscription multiple exceeding 340 times, showcasing the high demand for the fund [1] - The effective subscription amount for public investors was about 10.582 billion units, with a confirmation ratio of 0.2552%, while offline investors had an effective subscription of 21.449 billion units and a confirmation ratio of 0.2937% [1] - The total subscription funds before proportional allocation reached 161.689 billion yuan, which is 107.47 times the intended fundraising scale [1] Group 2: Underlying Assets and Management - The underlying asset, the Bopona Hydropower Station, is the largest in the Hotan region and has been operational for over 14 years, providing stable and clean electricity supply [2] - The project benefits from a clear benchmark pricing mechanism and stable power purchase agreements, ensuring a reliable cash flow for the fund [2] - The original rights holder and operational management, Xinjiang Xinhua Hydropower Investment Co., Ltd., along with the project initiator, Xinhua Hydropower Co., Ltd., are part of the CNNC Group, which has a strong asset reserve in the clean energy sector [2] Group 3: Market Impact - The successful issuance of the Huaxia CNNC Clean Energy REIT sets a new benchmark for state-owned enterprises in the non-nuclear green energy sector within the capital market [2] - This issuance facilitates a market-oriented operation loop for the investment, financing, management, and exit of clean energy assets, providing a replicable model for similar green asset securitization practices by state-owned enterprises [2]