(CIS) 华夏安博仓储REIT是安博、华夏基金、中信证券联合推出的仓储物流REITs。基金首发底层资产为安博 中国旗下的三个优质仓储物流项目——安博广州开发区物流中心、安博东莞石排物流中心和安博东莞洪 梅物流中心。三处资产均位于仓储物流需求高度旺盛的粤港澳大湾区，且均按国际领先标准设计、建造 并管理，资产成熟度高、运营状态良好。值得一提的是，华夏安博仓储REIT是目前市场上唯一全部资 产均布局在大湾区的仓储物流REITs。基金发售阶段，华夏安博仓储REIT公众投资者和网下投资者有效 认购申请确认比例分别为5.83%和0.68%，基金比例配售前，发行累计认购金额达810.43亿元。 全市场第11只仓储物流REITs即将正式登陆二级市场。近日华夏基金发布公告，华夏安博仓储 REIT(180306)将于12月19日在深交所上市。华夏安博仓储REIT的上市，不仅为普通投资者提供了参与 仓储物流项目投资的高效工具，也进一步丰富了境内公募REITs的资产类型，有助于提升整体市场规模 与活力。 中国消费市场的蓬勃发展，是驱动仓储物流行业发展的基础因素。同时，中国城市群一体化的趋势将继 续推进零售热点地区仓储物流需求的增长 ...

Core Insights - The launch of the Huaxia Anbo Warehousing REIT (Fund Code: 180306) is scheduled for November 11-12, 2025, with a total fundraising target of 2.4484 billion yuan [1] - The underlying assets consist of three high-quality logistics projects located in the Guangdong-Hong Kong-Macao Greater Bay Area, which is characterized by strong demand for warehousing logistics [1][2] - The REIT has received significant interest from institutional investors, with a total of 198.1 billion shares requested during the offline inquiry phase, indicating a 235.8 times oversubscription compared to the initial offline offering [1] Company Insights - Anbo (Prologis, L.P.) is a leading global logistics real estate investment and management firm, operating in 20 countries with a total managed area of 121 million square meters [2] - Anbo China has established a significant presence in the logistics infrastructure sector in China, managing 44 logistics centers across 24 core cities with a total asset reserve of approximately 5.3 million square meters [2] - The collaboration between Huaxia Fund and CITIC Securities, both experienced in managing warehousing logistics REITs, is expected to support the stable operation and growth of the Huaxia Anbo Warehousing REIT [2] Industry Insights - The rise of warehousing logistics REITs aligns with China's economic transformation and the development of a modern circulation system [3] - Such products provide investors with convenient tools to participate in logistics infrastructure development while optimizing capital allocation [3] - The successful issuance of the Huaxia Anbo Warehousing REIT exemplifies financial innovation serving the real economy and sets a precedent for international companies to engage deeply in China's capital market [3]

Group 1 - The core viewpoint of the article highlights a significant increase in market activity, with the CSI REITs total return index rising by 14.29% in the first half of 2025, driven primarily by consumer REITs, particularly the Jiashi Wumei Consumer REIT, which led the market with a 50.21% increase [1][2][4] - The overall growth of the REITs market in the first half of 2025 is closely linked to the emphasis on consumer infrastructure REITs, as outlined in the State Council's "Special Action Plan to Boost Consumption," which supports the issuance of consumer infrastructure REITs [4][6] - The average increase in consumer REITs for the year reached 35.00%, significantly outperforming other types, with notable performers including Jiashi Wumei Consumer REIT and Huaxia Dayuecheng Commercial REIT, both achieving over 40% growth [6][4] Group 2 - The rental housing sector has seen a strong performance, with the eight listed rental housing REITs averaging a 52.7% increase since their issuance, reflecting investor confidence bolstered by favorable policy guidance [5][6] - The average increase for warehouse logistics REITs was 17.34%, with leading projects like Huazhong Waigaoqiao REIT achieving a 31.74% increase, although the sector faced challenges due to weakened e-commerce demand [5][6] - The performance of industrial park REITs varied significantly, with industrial production REITs maintaining growth despite slight declines in occupancy rates, while research office parks struggled with an average occupancy rate of only 85.31% [5][4]

Core Viewpoint - The public REITs market in China is experiencing significant growth, with the recent listing of multiple REITs, including the first central enterprise natural gas power generation REIT, indicating a strong trend towards capital market support for energy transition and the activation of quality clean energy assets [1][2][3] Group 1: Public REITs Market Expansion - The number of public REITs in China has increased to 71, with the listing of the 华夏华电清洁能源 REIT marking a milestone in the market [1] - The recent listings include products from 创金合信 and 中银中外运, expanding the clean energy REITs to 8, covering various energy types such as solar, wind, hydro, and natural gas [2] - The 华夏华电清洁能源 REIT received over 170 billion yuan in subscription funds, setting a new record for clean energy REITs [1] Group 2: Performance and Market Dynamics - The 创金合信首农 REIT, focusing on "headquarters economy," achieved a total issuance scale of 3.685 billion yuan, with a high average occupancy rate of over 94% [3] - The average achievement rates for key performance indicators (revenue, EBITDA, and distributable amount) among 31 public REITs with disclosed data are 94.1%, 101.5%, and 91.5%, respectively [3] - The market outlook suggests that public REITs will continue to be influenced by macroeconomic factors and investor sentiment, with a focus on quality domestic demand sectors and recovery in market conditions [4]