Core Viewpoint - Over 80% of public REITs products experienced an increase this week, with the China Securities REITs Total Return Index rising by 1.56% from December 22 to 26, 2023 [2][5] Market Performance - The China Securities REITs Total Return Index saw a slight decline of 0.18% on December 26, closing at 1014.80 points. During the week, 67 out of 79 listed public REITs recorded a rise, with the highest increase being 7.86% for the Zhongjin Chongqing Liangjiang REIT [5][6] - The top-performing REITs included Zhongjin Chongqing Liangjiang REIT (7.86%), Huaxia Fund Huayun REIT (5.99%), and Bosera Jinkai Industrial Park REIT (5.94%). Conversely, 10 products experienced declines, with one falling over 5% [5][6] New Developments - The highly anticipated Xinjiang first hydropower REIT, Huaxia Zhongke Clean Energy REIT, successfully concluded its issuance, attracting over 1616 billion yuan in subscription funds, with a public investor subscription multiple of approximately 392 times [3][8][9] - The underlying asset of Huaxia Zhongke Clean Energy REIT is the Bopona Hydropower Station, the largest in the Hotan region, which has maintained stable revenue and power generation for over 14 years [9] Market Insights - Analysts suggest that the recent price fluctuations in the public REITs market are largely unrelated to the underlying fundamentals, but rather influenced by discussions surrounding the accounting treatment of OCI principal and interest [5][7] - The market is still in a policy dividend period, and it is recommended to gradually focus on low-priced opportunities in relatively stable projects [7]

【导读】本周超八成公募REITs产品上涨，华夏中核清洁能源REIT发售火爆 本周（12月22日—26日），中证REITs全收益指数上涨1.56%。其中，上涨的产品占比超八成，最高涨超7%，部分产品跌幅较大。 业内人士认为，部分产品跌幅较大主要是受到了REITs分红本息可能需拆分做会计处理的扰动，和资产端的经营基本面表现无关。关注此轮OCI扰动下估 值可能错杀的资产，如基本面经营稳健的消费、保租房、工业厂房、关联方租赁的物流等。 此外，本周，备受关注的新疆首单水电REITs发售顺利收官，华夏中核清洁能源REIT发售结果揭晓，认购资金超1600亿元。 二级市场表现方面，周五（12月26日）中证REITs全收益指数微跌0.18%，收于1014.80点。 本周（12月22日—26日）公募REITs市场先抑后扬，中证REITs全收益指数周涨幅为1.56%。具体而言，本周79只已上市公募REITs中，有67只录得环比上 涨。整体看，本周涨幅居前的公募REITs项目类型多为园区基础设施、保障性租赁住房、交通基础设施、能源基础设施等。 其中，周内涨幅第一的是中金重庆两江REIT，周涨幅达7.86%，华夏基金华润有巢REIT、 ...