公募REITs周报（2026.1.5-2026.1.11）：公募REITs市场小幅上涨，市场成交保持活跃-20260112

1. Report Industry Investment Rating No information provided in the content. 2. Core View of the Report This week, the public REITs market showed a slight increase, with an increase in trading volume. The indices of both equity - type and franchise - type public REITs rose. Most public REITs products increased in price, and the trading volume and turnover rate of different types of public REITs mostly increased. In the primary market, 20 public REITs have been issued since 2025, and 30 public REITs funds are waiting to be listed. There are also relevant policies and market dynamics, and public REITs have high - dividend, medium - low - risk advantages and high allocation cost - effectiveness [2][5]. 3. Summary According to the Directory 3.1 Secondary Market: Slight Increase in the Public REITs Market This Week - The public REITs market rose slightly. As of January 9, 2026, the China Securities REITs Index rose 1.86% to 793.05, and the China Securities REITs Total Return Index rose 1.89% to 1028.93 [10]. - The trading volume in the REITs market increased. The total trading volume this week was 835 million shares, a 191.96% increase from last week, and the trading amount was 3.551 billion yuan, a 179.83% increase from last week. The turnover rate this week was 3.01%, compared with 1.03% last week [11]. - The indices of equity - type and franchise - type public REITs both rose, with increases of 2.50% and 1.31% respectively. Different sub - types within them also showed varying degrees of increase [15]. - The trading volume and turnover rate of most different types of public REITs increased. The trading volume of most types of public REITs increased, while the trading volume of municipal facilities - type public REITs decreased. The turnover rate of most types of public REITs increased, while that of municipal facilities - type public REITs decreased [22][23]. - Most public REITs products increased. Among the 78 public REITs, 71 increased and 7 decreased. Some products with high increases and decreases are listed, along with products with high turnover rates and trading volumes [25]. 3.2 Primary Market: 30 Public REITs Funds Waiting to be Listed - Since 2025, 20 public REITs have been issued. As of January 9, 2026, a total of 79 public REITs have been issued, with a total issuance scale of 20.3374 billion yuan. There were no new issuances in January 2026 [30]. - There are 30 public REITs funds waiting to be listed, including 17 for initial offerings and 13 for additional offerings. In terms of project status, there are different numbers of projects in different stages. In terms of types, different subtypes have corresponding numbers of projects [34]. 3.3 Public REITs Policies and Market Dynamics - The nine departments including the Ministry of Commerce proposed to increase credit supply and innovate financial products, and support eligible projects to issue infrastructure - related REITs [36]. - The additional offering shares of Huaxia Fund China Resources Youchao REIT will be listed on January 12, 2026, with an additional offering of 448 million shares and a total raised funds of 1.133 billion yuan [37]. - Jiangxi Province supports private enterprises to revitalize existing assets through issuing infrastructure REITs [38]. 3.4 Investment Suggestions - This week, the REITs index rose slightly, and the trading amount in the public REITs market increased. The indices of equity - type and franchise - type public REITs rose. Most of the 78 public REITs increased. - The market is expected to continue to expand as 20 public REITs have been issued this year with a scale of over 3 billion yuan, and 30 REITs funds are waiting to be listed. - In the context of asset shortage, public REITs have high - dividend, medium - low - risk advantages and high allocation cost - effectiveness [5][39].