SWHY(SZ:000166) 申万宏源证券上海北京西路营业部·2026-01-08 02:49Core Viewpoint - The article highlights the achievements of Shenwan Hongyuan in the multi-level REITs market, showcasing its recognition as a leading investment institution in various categories at the 2025 Multi-level REITs Investor Conference [1][4]. Group 1: Awards and Recognition - Shenwan Hongyuan's FICC division and Hongyuan Huizhi received multiple honors at the conference, including "Outstanding Investment Institution in the Inter-Institutional REITs Market" and "Outstanding Investment Institution in the Real Estate Private Fund Market" [1]. - The "Zhonglian Fund - New Consumption Infrastructure Fund's acquisition of Chengdu Outlets Project" was recognized as the "Benchmark Transaction of the Year in the Real Estate Private Fund Market" [1]. Group 2: Market Contribution - The evaluation was co-hosted by the China REITs Forum and the Ruisi Real Estate Financial Research Institute, aimed at recognizing significant contributions in public REITs, inter-institutional REITs, and real estate private funds [4]. - Shenwan Hongyuan has been deeply involved in the construction of China's multi-level REITs market, covering public REITs, inter-institutional REITs, and real estate private funds, leveraging its "investment + investment banking" synergy [4]. Group 3: Investment Strategy - In the real estate private fund sector, Hongyuan Huizhi focuses on core asset categories such as affordable rental housing, industrial plants, shopping centers (including outlets), and data centers, employing diverse strategies to enhance portfolio resilience and value elasticity [5]. - The FICC division acts as a market maker for all public REITs and several inter-institutional REITs products, providing professional support for market liquidity and pricing [5]. Group 4: Future Outlook - Looking ahead, Shenwan Hongyuan aims to implement major decisions from the central government, focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance to support national development strategies [5].