Market Overview - The secondary market for publicly listed REITs in China experienced slight fluctuations, with the weighted REITs index closing at 186.04 and a weekly return of -0.81% [4] - In comparison to other major asset classes, the return rates ranked from highest to lowest are: A-shares > US stocks > convertible bonds > gold > pure bonds > REITs > crude oil [4] - Among different project attributes, property and franchise REITs showed mixed performance, while property REITs saw an increase [4] - Energy REITs had the highest growth this week, with the top three performing asset types being energy, ecological protection, and transportation infrastructure [4] Trading Activity - The total trading volume for public REITs this week was 2.89 billion yuan, with the average daily turnover rate at 0.65% [5] - The top three REITs by trading volume were: Zhongjin Vipshop Outlet REIT, Bosera Shekou Industrial Park REIT, and Huaxia Hefei High-tech REIT [5] - The top three REITs by trading value were: Zhongjin Vipshop Outlet REIT, Guojin China Railway Construction REIT, and Huaxia China Resources Commercial REIT [5] Net Inflows and Block Trades - The total net inflow for the week was 11.22 million yuan, indicating a recovery in market trading enthusiasm [6] - The top three REITs by net inflow were: Huaxia China Resources Commercial REIT, Southern Runze Technology Data Center REIT, and Huaxia Shouchuang Outlet REIT [6] - The total amount of block trades reached 737.2 million yuan, with the highest single-day block trade occurring on September 8, totaling 233.35 million yuan [6] New Listings - Zhongjin Vipshop Outlet REIT was newly listed this week [7] - The status of three new issuance projects was updated during the week [7]

Group 1 - The core viewpoint of the article highlights that the China Securities REITs Total Return Index has shown a positive weekly growth for the second consecutive week, indicating a stabilization in the REITs secondary market after a period of adjustment [2][3][4]. Group 2 - In the first week of September, the China Securities REITs Total Return Index increased by 0.47%, with a trading activity decline compared to the previous week [4][5]. - On September 5, the index slightly dropped by 0.43%, closing at 1078.42 points, while 46 out of 74 listed public REITs experienced weekly gains, particularly in sectors like parks, consumption, and logistics [5][7]. - The top-performing REIT for the week was the Huaxia Hefei High-tech REIT, which rose by 3.60%, followed by Huazhong Bailing Consumption REIT and Huaxia Jinyu Smart Manufacturing REIT with increases of 3.41% and 2.95%, respectively [7]. - A total of 24 REITs saw declines, with four experiencing drops exceeding 1%. The largest decline was recorded by Bosera Jinkai Industrial Park REIT, which fell by 2.72% [7]. - Despite short-term adjustments, several REITs have shown significant annual growth, with 12 REITs increasing over 30% year-to-date, and some exceeding 40% [8]. Group 3 - Industry analysis suggests that if market risk appetite decreases, it could support a stable recovery in the REITs market, with a focus on sectors with strong fundamental resilience or marginal stabilization [9]. - The Huaxia Kaide Commercial REIT has completed its inquiry process, with the offline subscription amounting to 254 times the initial offering [10][11]. - The recent government policy aims to enhance sports consumption and infrastructure, which includes support for eligible projects to issue infrastructure REITs [12].