SWHY(SZ:000166) 申万宏源证券上海北京西路营业部·2026-01-09 05:22Core Viewpoint - The article highlights the achievements of Shenwan Hongyuan Securities and its subsidiary Hongyuan Huizhi at the "2025 Multi-level REITs Investor Conference Annual Meeting," emphasizing their recognition as leading institutions in the REITs market and their contributions to the development of the multi-level REITs market in China [2][4]. Group 1 - Shenwan Hongyuan Securities was awarded "Annual Excellent Investment Institution in Inter-Institutional REITs Market," while Hongyuan Huizhi received the title of "Annual Excellent Investment Institution in Real Estate Private Fund Market" [2]. - The "Zhonglian Fund - New Consumption Infrastructure Fund Acquisition of Chengdu Outlets Project," in which Hongyuan Huizhi participated, was recognized as the "Annual Market Benchmark Transaction in Real Estate Private Fund Market" [2]. - The evaluation was organized 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]. Group 2 - 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]. - Hongyuan Huizhi focuses on investing in core asset categories such as affordable rental housing, industrial plants, shopping centers (including outlets), and data centers, employing diverse strategies to enhance the defensive capability and value elasticity of its investment portfolio [5]. - Shenwan Hongyuan Securities' FICC division acts as a market maker for all public REITs and several inter-institutional REITs products, providing professional support to enhance market liquidity and reasonable pricing [5].