【固收】二级市场价格修复明显 ，市场交投热情有所增长——REITs周度观察（20260105-20260109）（张旭/秦方好）

Market Overview - During the period from January 5 to January 9, 2026, the secondary market prices of publicly listed REITs in China increased, with the China Securities REITs closing at 793.05 and the China Securities REITs total return index at 1028.93, reflecting returns of 1.86% and 1.89% respectively [4] - Compared to other major asset classes, the return rates ranked as follows: convertible bonds > A-shares > gold > REITs > US stocks > crude oil > pure bonds [4] - Both property and concession-type REITs saw price increases, with property-type REITs yielding a return of 2.48% and concession-type REITs yielding 1.69% [4] - The municipal facilities REITs had the highest increase in returns, with the top three asset types being municipal facilities, new infrastructure, and water conservancy facilities [4] Trading Activity - The total trading volume for public REITs during this period was 3.55 billion yuan, with new infrastructure REITs leading in average daily turnover rate at 0.70% [5] - The top three REITs by trading volume were CICC ProLogis REIT, Jianxin Zhongguancun REIT, and Guotai Junan Chengtou Kuan Ting Rental Housing REIT, while the top three by trading value were Huaxia China Resources Commercial REIT, CICC Anhui Jiaokong REIT, and Huaxia China Communications Construction REIT [5] - The net inflow of capital during this period was 19.501 million yuan, indicating increased market trading enthusiasm compared to the previous period [5] Block Trading - The total amount of block trading during this period was 154 million yuan, which was a decrease from the previous period [6] - There were five trading days with block trades, with the highest single-day block trading amount reaching 38.98 million yuan on January 7, 2026 [6] - The top three REITs by block trading value were Guangfa Chengdu Gaotou Industrial Park REIT, CICC ProLogis Consumption REIT, and CICC Hubei Keti Guanggu REIT [6] Primary Market - No new REIT products were listed during this period [7] - The project status of four REIT products was updated [7]