Core Viewpoint - The approval of new rental housing REITs in China indicates a rapid development in the sector, with significant potential for investment returns and market growth [1][2][4]. Group 1: New REIT Approvals - Huatai Zijin Suzhou Hengtai Rental Housing REIT and Huaxia Beijing Affordable Housing REIT have received approval for their respective offerings [1][2]. - The Huaxia Beijing Affordable Housing REIT is the first expansion project of its kind in China, reflecting the growing interest in rental housing REITs [2][6]. Group 2: Market Performance and Projections - As of March 9, there are six listed rental housing REITs, with the Huaxia Beijing Affordable Housing REIT expected to enhance returns for investors [2][4]. - The overall issuance scale of rental housing REITs is projected to exceed 25 billion yuan by 2025, driven by the acceleration of new approvals and applications [2][4]. Group 3: Specific Project Details - The Huatai Zijin Suzhou Hengtai Rental Housing REIT's underlying asset is the Jingying Apartment project, valued at 1.261 billion yuan, with projected cash distribution rates of 4.34% and 4.41% for 2025 and 2026, respectively [4][5]. - The Huaxia Beijing Affordable Housing REIT plans to acquire four projects in Beijing, with a total estimated value of approximately 830 million yuan and projected cash distribution rates increasing from 2.70% to 3.13% post-expansion [7][8]. Group 4: Upcoming Listings - The Huatai Zijin Suzhou Hengtai Rental Housing REIT is set to be listed on March 31, becoming the seventh rental housing REIT to be publicly traded [10].