Market Overview - The secondary market for publicly listed REITs in China showed an upward trend from January 19 to January 23, 2026, with the China Securities REITs closing at 806.72 and the full return index at 1047.51, yielding returns of 2.09% and 2.17% respectively [4] - Compared to other major asset classes, the return rates ranked as follows: Gold > Convertible Bonds > REITs > A-shares > Crude Oil > Pure Bonds > US Stocks [4] - Among different project types, both property and concession REITs saw price increases, with property REITs yielding a return of 3.05% and concession REITs at 1.63% [4] - New infrastructure REITs had the highest increase in returns, with the top three asset types being new infrastructure, municipal facilities, and consumer-related [4] Trading Activity - The total trading volume for public REITs was 3.89 billion yuan, with new infrastructure REITs leading in average daily turnover rate at 0.80% [5] - The top three REITs by trading volume were Bosera Shekou Industrial Park REIT, CICC ProLogis REIT, and Huaxia Hefei High-tech REIT, while the top three by trading value were Huaxia China Resources Commercial REIT, Southern Runze Technology Data Center REIT, and CICC ProLogis REIT [5] - The net inflow of capital was 168.7 million yuan, indicating increased market trading enthusiasm compared to the previous week, with the top three inflow categories being consumer infrastructure, transportation infrastructure, and energy infrastructure [5] Block Trading - The total amount of block trading reached 821 million yuan, showing an increase from the previous week, with the highest single-day block trading amount on January 19, 2026, at 236.09 million yuan [6] - The top three REITs by block trading value were CITIC Securities National Electric Power New Energy REIT, Penghua Shenzhen Energy REIT, and Guokun China Railway Construction REIT [6] Primary Market - No new REIT products were listed during the week, but the status of five existing REIT projects was updated [7]