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中国基金报·2025-07-25 16:07

Core Viewpoint - The listing of Chuangjin Hexin Shounong Industrial Park REIT on July 25 saw a significant increase of 28.47% on its first trading day, despite the overall public REITs market experiencing a recent downturn [2][4]. Group 1: REIT Performance - Chuangjin Hexin Shounong Industrial Park REIT opened at 4.6 yuan, with a trading volume of 4.31 billion yuan and a turnover rate exceeding 30% on its first day [4]. - The REIT was approved on June 18, 2025, and had a public offering that was oversubscribed, with total subscriptions reaching 231.6 billion yuan, marking a record for Beijing municipal enterprise REITs [4]. - The REIT's underlying asset, Shounong Yuan Center, is located in Beijing's Haidian District and has a historical significance as the former site of Sanyuan Dairy Factory, now transformed into a LEED Platinum certified tech innovation industrial park with an average occupancy rate exceeding 94% over the past three years [5]. Group 2: Market Trends - The overall public REITs market has been experiencing fluctuations, with the CSI REITs Total Return Index showing a weekly decline of 1.56%, the largest single-week drop in the past month [2][7]. - Year-to-date, the index has increased by 12.34%, with some public REITs seeing gains exceeding 30% and two surpassing 40% [7]. - Recent market adjustments are attributed to profit-taking after a strong first half of the year and pressures on asset operations as indicated in the second-quarter reports [8].