Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice aimed at promoting the high-quality development of the real estate investment trust (REITs) market, emphasizing the establishment of a comprehensive regulatory mechanism [1] Regulatory Framework - The notice highlights the need to enhance a full-chain regulatory system that covers due diligence, issuance pricing, listing transactions, asset operation management, and information disclosure [1] - It stresses the importance of penetrating supervision over the quality of real estate assets, operational management, and governance levels [1] Risk Management - The CSRC will adopt a problem and risk-oriented approach to daily supervision and risk monitoring of REITs, ensuring timely identification and handling of illegal activities and risk events [1] - Securities exchanges are tasked with maintaining strict entry standards for REITs through review inquiries, on-site supervision, and inspections [1] Self-Regulation - The Securities Association and the Fund Industry Association are encouraged to strengthen self-regulation among REIT participants, including fund managers, financial advisors, and offline investors [1] - There is an emphasis on enhancing the application of technology in regulatory practices [1]

Group 1 - The Guangdong Provincial Market Supervision Administration has initiated a pilot program for product quality safety coding, focusing on 10 key product categories including power banks, helmets, and gas stoves [1][2] - Over 2,000 manufacturing enterprises participated in the training meeting to implement product coding measures and collaborate with e-commerce platforms for quality verification [1][2] - The training emphasized the importance of a full-chain regulatory mechanism that includes source coding, platform verification, and consumer identification to combat counterfeit products and enhance consumer safety [2] Group 2 - Experts from the China Commodity Coding Center provided detailed guidance on data registration and coding operations for the 10 key products, with a focus on power banks [2] - E-commerce platform representatives outlined specific standards for product verification and coding, ensuring traceability of products [2] - The training session combined online and offline participation, engaging nearly 2,500 individuals from various regulatory bodies, industry associations, and manufacturing enterprises [2]