Group 1 - The total market value of public REITs has surpassed 202 billion yuan, with the Shanghai Stock Exchange accounting for 67% of this value [1] - As of June 6, 2023, there are 44 REITs products listed on the Shanghai Stock Exchange, doubling the number from the end of 2023, with a fundraising scale of 121.6 billion yuan [1] - Various asset types are expanding, including the first public REITs in consumption, cross-sea bridges, and municipal projects [2] Group 2 - In the secondary market, 64 out of 66 public REITs have seen price increases, with 28 of them rising over 20% [2] - The Shanghai Stock Exchange has reported a 35% year-on-year increase in revenue for 33 REITs that disclosed their 2024 annual reports, totaling 8.5 billion yuan [2] - The Shanghai Stock Exchange is actively promoting the expansion mechanism, with several projects undergoing expansion announcements in 2024 [2]