Group 1 - The core event is the Jinan Urban Renewal and Rural Revitalization on-site promotion meeting held from June 14 to June 17, aimed at assessing the effectiveness of urban renewal and rural revitalization efforts in the city [1] - The "579 Baigongji" designer industrial park has transformed from the largest second-hand goods and building materials trading market in eastern Jinan into a cultural and creative industrial park, integrating contemporary art, architectural space, and cultural industries [4] - The total investment for the "579 Baigongji" project is 120 million yuan, covering an area of 120 acres with a total construction area of 100,000 square meters, with plans for further updates and renovations scheduled to start in June 2024 [4] Group 2 - The project aims to create a subcultural experience destination that deeply integrates community culture with modern lifestyles, responding to the public's desire for a better life and enhancing the city's soft power [5] - The park has attracted over 2.9 million visitors annually and is expected to generate over 150 million yuan in annual revenue, facilitated by a pre-leasing and KOL (Key Opinion Leader) attraction model [5] - Since its opening, the park has hosted over 100 events, including the Andy Warhol art exhibition and motorcycle culture festival, and has received more than 10 honors, including being recognized as a model base for urban renewal [5]

Group 1 - The strategic cooperation agreement was signed between Zhongshan Torch Public Asset Management Group Co., Ltd. and Shanghai Dinghui Baifu Investment Management Co., Ltd. to enhance listed companies, attract investment, and upgrade industries [1] - Zhongshan Torch Public Asset Management Group has an asset scale exceeding 60 billion and is one of the most competitive state-owned enterprises in the city, with unique advantages in industrial park development, asset management, and capital operations [1] - Dinghui Baifu is a leading professional investment institution focused on technology investment, with investments in hard technology and advanced manufacturing, aligning well with the high-tech positioning of Torch High-tech Zone [1] Group 2 - Zhongshan Torch High-tech Zone has successfully nurtured 10 A-share listed companies and a total of 15 listed companies both domestically and internationally, laying a solid foundation for continuous innovation and development in the region [2] - The cooperation aims to leverage complementary advantages, resource synergy, open cooperation, and mutual benefit to cultivate more competitive and influential listed companies in the Torch High-tech Zone [2] - A joint initiative will be launched to establish an industrial investment fund to accurately introduce high-value projects that align with regional industrial orientation, creating a comprehensive ecosystem for project attraction, landing, and growth [2] - The collaboration will also focus on enhancing the three leading industrial clusters of health medicine, intelligent equipment, and optoelectronic information in the Torch High-tech Zone, aiming to build globally competitive industrial clusters and inject sustainable growth momentum into the regional economy [2]

Group 1 - The Shenzhen招商联络处 was inaugurated on June 11, aiming to connect quality resources in the Guangdong-Hong Kong-Macao Greater Bay Area and provide comprehensive support for investment enterprises [1] - The 广清经济特别合作区 covers a total area of 112.5 square kilometers and includes three industrial parks and a modern logistics city, showcasing an innovative model for industrial collaboration [1] - Since its operational launch in 2023, the 广清经济特别合作区 is projected to achieve an industrial output value of 30.12 billion yuan and a tax revenue exceeding 930 million yuan by 2024 [1] Group 2 - The first招商推介会 highlighted the planning, industrial characteristics, and business environment of the three industrial parks, inviting enterprises from Shenzhen and the Greater Bay Area to explore investment opportunities [2] - Several Shenzhen enterprises have successfully signed agreements with the 广清经济特别合作区, indicating a positive response to the investment promotion efforts [2]

Core Viewpoint - The industrial park sector is currently experiencing an oversupply situation, with weak short-term demand making it difficult to absorb new supply [1] Group 1: Supply and Demand Dynamics - The overall industry is in a phase of excessive supply, leading to challenges in demand recovery [1] - Parks are generally adopting a price-for-volume strategy to maintain occupancy rates, but this approach has limited effectiveness [1] - The demand for office space leasing is recovering in a post-cycle manner, indicating that short-term demand is unlikely to improve significantly [1] Group 2: Emerging Industries and REITs - Emerging industries have a solid foundation for clustering, and the demand for specialized factory-type parks is more robust [1] - Overall, the risks associated with park REITs remain considerable [1]

截至6月9日收盘，亿达中国（03639.HK）报0.062港元，较上个交易日下跌6.06%，当日盘中最低价触 及0.060港元，创近一年新低。 资金流向方面，当日主力流入0.756万港元，流出5.221万港元，净流出4.46万港元。 亿达中国控股有限公司(股票代码:3639.HK)于2014年6月27日在香港联交所主板上市,是集园区开发、园 区运营、工程建设等业务于一体的综合性集团化企业。作为中国领先的商务园区运营商,秉承"以产促 城、产城融合、协调发展、共创价值"的运营理念,自1998年开始,亿达中国重点布局京津冀、长三角、大 湾区、中西部及其他经济活跃区,已在全国二十余个城市先后开发和运营了大连软件园、武汉软件新 城、郑州亿达科技新城、长沙亿达中建智慧科技中心、重庆亿达创智广场、成都亿达天府智慧科技城、 合肥亿达智慧科技城、沈阳中德亿达智慧科技城、北京中关村壹号等50余个产业园项目,凝聚了包括近 百家世界五百强企业、百余家行业百强企业在内的两千五百余家企业客户和合作伙伴,积累了丰富的产 业园区开发建设和运营管理的经验,形成了独特的商业模式和产业优势。聚集智慧产业,打造智慧新城。 亿达中国致力于在更多的城市 ...

建邺高投集团作为建邺区人民政府授权的产业园区基础设施投融资、建设和运营管理主体，始终致力于 为建邺发展提供优质的产业园区载体和全方位的服务保障。集团紧密围绕"金融＋数字经济"的建邺主导 产业和园区精细管理的发展目标，践行园区"建设、运营、服务"一体式发展规划，不断做强做优产业园 运营业务。 未来，建邺高投集团将持续打造基础设施"募投管退"的全链条业务，以"孵化一批、成熟一批、上市一 批"的资产管理模式，助推南京市产业园区基础设施常态化REITs发行，为地方经济引入更多民间资本， 形成资本与实体经济良性互动的双赢格局。 本报讯(建宣鹿琳)近日，第十一届中国资产证券化论坛年会在北京召开。由建邺区高新科技投资集团有 限公司(简称"建邺高投集团")担任原始权益人和运营管理机构，由华泰证券旗下华泰证券(上海)资产管 理有限公司担任基金管理人和资产支持证券管理人的"华泰紫金南京建邺产业园封闭式基础设施证券投 资基金"(简称"华泰南京建邺REIT")荣获"公募REITs年度优秀项目"殊荣，系唯一一个获得该称号的产业 园区类项目。 华泰南京建邺REIT于去年12月3日在上海证券交易所正式上市，是南京市首单产业园类基础设施公募 ...

杨浦区内的多个园区均位于交通要道附近。比如，靠近地铁站的园区，员工出行极为方便，能显著缩短通勤时 长。再者，这些园区周边的商业配套相当完善，涵盖了餐馆、便利店等多种设施，极大地满足了员工在日常生活 中各类需求。 这样的地理位置优势，不仅提高了员工的工作满意度，还帮助企业吸引并留住优秀人才。对于需要与外界频繁交 流的企业来说，便利的交通条件更是有利于商务活动的开展。 硬件设施完备 园区的设施设备相当完善，许多地方都安装了快速且可靠的网络，这为企业日常工作的顺利进行提供了保障。再 者，园区内设有先进的安保系统，全天24小时不间断监控，有力地维护了企业的财产安全。 杨浦区产业园区房源丰富，种类多样，分布地点不一，设施完备，能够迎合不同企业的多样化需求。对企业来 说，找到合适的房源，对它们的成长和日常运作极为有利。下面，我将逐一为大家详述杨浦区产业园区房源的详 细信息。 房源类型多元 杨浦产业园区提供的房源类型丰富多样。这里不仅有专为初创企业设计的共享办公空间，多个初创团队可以共享 同一办公区域，从而有效降低成本。此外，园区内还设有独立的办公大楼，适合那些规模较大、业务较为复杂的 企业，它们可以拥有自己的专属办公空间 ...

研 究 专 题 2025 年 06 月 04 日 中金亦庄 REIT（508080）申购价值分析 投资提示： 证券分析师 彭文玉 A0230517080001 pengwy@swsresearch.com 朱敏 A0230524050004 zhumin@swsresearch.com 任奕璇 A0230525050002 renyx2@swsresearch.com 联系人 任奕璇 (8621)23297818× renyx2@swsresearch.com 行 证 券 研 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 中庚基金 使用。1 新 股 发 究 报 告 相关研究 - ⚫ 中金亦庄 REIT 首发询价期间为 2025 年 6 月 5 日的 9:00-15:00，初步询价区间为 2.257 元/份-2.758 元/份，预计募集资金为 10.03 亿元。 ⚫ 汽车产业聚集效应显著，原始权益人运营资产丰富。中金亦庄 REIT 的基础设施项目为高端 汽车及新能源汽车关键零配件产业园 N12 项目、N20 项目，位于北京市大兴区，目前已运 营超过 5 年，项目租户中汽车制造业租户租赁 ...

在政策利好、资本支持及产业红利等多重因素影响下，我国产业园区发展正从规模扩张转向价值重构新 阶段。 观点指数研究院方面表示，目前，产业园区面临的困难主要在于无法精准招商，存在即使降低租金也无 法持续维持较低空置率的问题。面对经济波动，此前土地财政模式下的政策扶持、区域供给不平衡、同 质化分布、粗放经营等问题开始涌现。如何解决这些难题，成为摆在园区运营商面前的紧迫任务。 据观点指数研究院日前发布的《卓越指数·2025产业园区运营卓越表现报告》，截至2024年年底，全国 产业园区总数超8万家，其中国家级开发区693家，省级开发区近2600家。此外，新增园区面积持续增 长，预计2025年总供应量将突破62亿平方米。 《中国经营报》记者注意到，园区数量和面积持续增长，离不开政策利好持续释放。据不完全统计， 2024年，全国各地出台的促进新兴产业发展及加大人才扶持力度的相关政策达35个，这些政策鼓励园区 向"产业结构高端化、能源供给低碳化、土地利用集约化、园区管理数智化"方向转型，为产业园区建设 发展提供了有力的政策保障。 不过，全国产业园区总存量进一步扩大，但企业扩张需求受全球经济复苏乏力影响持续收缩，供需剪刀 差进 ...

2025 年 6 月 4 日 截至 2025 年 5 月 31 日，我国公募 REITs 产品数量达 66 只，合计发行规模达 1743.93 亿元（不含扩募）。从底层资产类型来看，截至 2025 年 5 月 31 日， 交通基础设施类发行规模最大，共发行 687.71 亿元，园区基础设施类 REITs 发 行规模次之，为 270.62 亿元。 根据上交所及深交所项目动态披露，截至 2025 年 5 月 31 日，共有 26 只 REITs 处于待上市状态，其中 14 只为首发 REITs，另外 12 只为待扩募 REITs。 2、 二级市场表现 总量研究 二级市场价格震荡上行，多只 REITs 产品等待上市 ——REITs 月度观察（20250501-20250531） 要点 1、 一级市场 价格走势：2025 年 5 月 1 日-2025 年 5 月 31 日，我国已上市公募 REITs 的二 级市场价格整体震荡上行：加权 REITs 指数收于 139.99，本月回报率为 3.71%。 与其他主流大类资产相比，回报率由高至低排序分别为：美股>可转债>REITs>A 股>黄金>纯债>原油。 从项目属性来看， ...