中建地产成功发行首单写字楼持有型不动产ABS（机构间REITs）

Group 1 - The establishment of the CITIC Construction Investment - China State Construction Commercial Property Holding Real Estate Asset-backed Special Plan (code: 267556.SH) on December 30, 2025, marks the successful issuance of the first office building holding-type real estate ABS by China State Construction Group, representing a significant milestone in the institutional REITs market [1] - This product is the first institutional REITs platform for China State Construction Group and the first office building institutional REITs product in the Tianjin region, filling a gap in the securitization of holding-type real estate for central enterprises in that area [1] - The issuance was completed at the upper limit of the inquiry price range, demonstrating strong market demand and effective collaboration among various stakeholders, including China State Construction Capital [5] Group 2 - The product serves as an important practice for revitalizing existing assets and financial capital operations, with the capability for continuous fundraising, establishing a model for the "investment, construction, financing, operation, management, and exit" full-cycle commercial model [5] - The issuance aligns with regulatory policy directions, breaking traditional debt financing logic and enhancing equity attributes, aimed at achieving long-term asset operation and platform value enhancement [5] - China State Construction aims to leverage this opportunity to further explore and cultivate quality existing resources, continuously improve asset management levels, and actively expand diversified asset revitalization paths to inject strong momentum into the company's high-quality development [5]