房地产行业：本周两单REITs上市，市场规模达50单

Investment Rating - The report does not provide a specific investment rating for the industry [1] Core Insights - The REITs market experienced a slight overall increase of 0.16% during the week, with 25 REITs rising, 1 remaining flat, and 24 declining [1][17] - The largest gain was observed in the Yin Hua Shao Xing Water REIT, which increased by 18.03%, while the largest decline was in the Hua Tai Bao Wan Logistics REIT, which fell by 4.12% [1][17] - The report highlights the listing of two REITs: Zhong Jin Lian Dong Industrial Park REIT and Yin Hua Shao Xing Water REIT, both of which had positive first-day performances [8][9] Summary by Sections 1. Major Events Overview - Zhong Jin Lian Dong Industrial Park REIT was listed on November 5, 2024, with a first-day increase of 0.46% [8] - Yin Hua Shao Xing Water REIT was listed on November 8, 2024, with a first-day increase of 18.03% [8] - Hua Tai Nanjing Jian Ye REIT ended its public investor subscription early due to high demand, with a confirmation ratio of 38.00% for offline subscriptions and 16.94% for public investors [8] 2. Market Performance - The REITs index rose by 0.16% this week, with operational rights REITs increasing by 0.23% and property rights REITs by 0.09% [14] - The Shanghai Composite Index increased by 5.50%, and the CSI 500 Index rose by 6.70% during the same period [14] 3. REITs Market Trading Situation - The trading activity in the REITs market decreased, with a total trading volume of 1.75 billion (17.5亿), down 13.5% from the previous week [26] - The average daily turnover rate was 0.5%, a decrease of 0.1 percentage points [26] 4. REITs Valuation Situation - The valuation yield for bonds ranged from 2.89% to 12.10%, with the highest yield observed in the Hua Xia China Communications REIT at 12.10% [28] - The P/NAV ratio varied between 0.56 and 1.29, with the highest P/NAV in the Jia Shi China Electric Power REIT at 1.29 [28]