中金唯品会REIT获253倍认购，国君临港REIT完成扩募定价

Investment Rating - The report does not provide a specific investment rating for the REITs industry [2]. Core Insights - The REITs index experienced a decline of 1.49% this week, with operational rights down 1.45% and property rights down 2.01%. In contrast, the Shanghai Composite Index rose by 2.37% and the CSI 500 Index increased by 3.88% [5][17]. - The report highlights significant events, including the announcement of the issuance of fund shares for the CICC Vipshop Outlet REIT, which was oversubscribed by 253.26 times, and the completion of a targeted expansion for the Guotai Junan Lingang Innovation Industrial Park REIT [10][12]. - The report emphasizes the strong allocation attributes of REITs in the long term, suggesting investors pay attention to sector rotation and expansion opportunities while being mindful of macroeconomic and policy environments [5][12]. Summary by Sections Market Overview - The total number of listed companies in the REITs sector is 73, with a total market capitalization of 217.78 billion yuan and a circulating market capitalization of 102.88 billion yuan [2]. - The trading volume for the week was 3.27 billion yuan, reflecting a decrease of 10.9% compared to the previous week, with an average daily turnover rate of 0.6% [10]. Key Events - The CICC Vipshop Outlet REIT announced a fund share issuance at a price of 3.480 yuan per share, with a total effective subscription amounting to 53,184,400 thousand shares [10]. - The Guotai Junan Lingang Innovation Industrial Park REIT completed a targeted expansion, issuing 388,788,630 shares at a price of 4.433 yuan per share [12]. Market Performance - The report notes that 7 REITs increased in value, while 66 declined, resulting in an overall drop of 1.49% for the REITs sector [21]. - The correlation of REITs with the 10-year government bonds, 1-year government bonds, and convertible bonds is reported as 0.08, -0.12, and 0.69, respectively, indicating a differentiated performance compared to the stock market [17][21].