Group 1 - The core viewpoint of the news is that the launch of Huaxia CapitaLand Commercial REIT marks a significant step in the internationalization of China's public REITs market and sets a new benchmark for the securitization of consumer assets [1][2] - Huaxia CapitaLand Commercial REIT, co-created by CapitaLand, Huaxia Fund, and CITIC Securities, completed its issuance from September 9 to September 10, with underlying assets being two high-quality shopping centers located in Guangzhou and Changsha [1] - The underlying assets, CapitaLand Yunshang and CapitaLand Yuhua Pavilion, have been operational for over nine years and feature a diverse range of brands, indicating strong fundamentals [1] Group 2 - The public offering of Huaxia CapitaLand Commercial REIT was highly recognized in the market, with the public offering ending early and a subscription multiple of 535.2 times for public investors and 252.6 times for offline investors, accumulating over 309.17 billion yuan in subscription funds [1] - With the addition of Huaxia CapitaLand Commercial REIT, the total number of consumer REITs in the market has reached 11, with a total fundraising scale exceeding 28.67 billion yuan, becoming an important financial tool for promoting consumption growth and supporting high-quality development of the real economy [2] - The successful issuance and listing of Huaxia CapitaLand Commercial REIT not only enrich the product types in the REITs market but also provide a model for foreign institutions to participate in China's public REITs market, offering significant reference value for future expansions and new product issuances in consumer REITs [2]