Group 1 - The core viewpoint of the article highlights the launch of the first public REITs project by Guomin Trust, named "Guomin Trust · Jingneng No. 1 REITs Investment Collective Fund Trust Plan," which is involved in the expansion of the AVIC Jingneng photovoltaic REIT listed on the Shanghai Stock Exchange [1] - The public REITs market in China is entering a normalized issuance phase, with a projected total issuance scale exceeding 210 billion yuan by the end of 2025, indicating a positive market development trend [1] - The "Jingneng No. 1" project specifically targets the operation and development of the Yunnan Province Sujiahekou Hydropower Station and Songshanhekou Hydropower Station, creating a virtuous value cycle through indirect ownership of infrastructure project assets [1] Group 2 - Guomin Trust aims to deepen its focus on the green finance sector, enhancing its professional operational capabilities in public REITs, and guiding more social capital towards sustainable development [2] - The company is committed to supporting the construction of a green low-carbon circular economy system in China, contributing to high-quality economic and social development [2]