与此同时，为促进基础设施REITs发展，沪深交易所暂免收取基础设施REITs扩募业务的上市初 费、上市年费及交易经手费。 接受采访的专家表示，扩募将助力运作良好的REITs做大做强，进一步提升REITs产品的规模和吸 引力。 5月31日，证监会表示，在前期REITs试点工作基础上，指导证券交易所发布基础设施REITs扩募指 引。当日，沪深交易所分别发布《上海证券交易所公开募集基础设施证券投资基金（REITs）规则适用 指引第3号——新购入基础设施项目（试行）》和《深圳证券交易所公开募集基础设施证券投资基金业 务指引第3号—新购入基础设施项目（试行）》（以下统称《新购入基础设施项目（试行）》），自发 布之日起施行。至此，基础设施REITs扩募规则正式落地。 5月25日印发的《国务院办公厅关于进一步盘活存量资产扩大有效投资的意见》提出，建立健全扩 募机制，探索建立多层次基础设施REITs市场。证监会表示，支持上市REITs通过扩募等方式收购资 产，加大REITs市场建设力度，着力推动多层次资本市场高质量发展。 扩募可采用三种发售方式 Wind资讯数据显示，截至5月31日，已经有12只公募REITs上市，合计募资4 ...

Group 1 - The first batch of 9 public REITs successfully listed on June 21, 2021, marking the official launch of public infrastructure REITs in China, with a total fundraising scale of 16.6 billion yuan [1] - As of June 5, 2025, the total market value of public REITs reached 201.99 billion yuan, surpassing 200 billion yuan for the first time, with the Shanghai Stock Exchange accounting for 67% of this value [1] - The market for public REITs has expanded significantly, with 44 products listed on the Shanghai Stock Exchange by June 5, 2025, doubling the number from the end of 2023 [2] Group 2 - The asset types for REITs are diversifying, with new categories introduced in 2024, including the first consumer REITs and the first municipal REIT [2][3] - The secondary market is showing signs of recovery, with the Shanghai Stock Exchange REITs experiencing a year-to-date increase of 21%, outperforming the overall market index [4] - The average cash distribution rate for Shanghai Stock Exchange REITs is 5.8%, and the average internal rate of return is 3.6%, indicating a favorable investment value [5] Group 3 - The Shanghai Stock Exchange is actively promoting the improvement of the REITs expansion mechanism, aiming for a dual-driven model of "initial issuance + expansion" to support high-quality market development [6] - In 2023, the Shanghai Stock Exchange completed expansion listings for two projects, raising approximately 5 billion yuan, with additional projects currently under review [6]