Core Viewpoint - The market for holding-type real estate ABS is steadily expanding, with a focus on enhancing information disclosure and investor management mechanisms under the guidance of the China Securities Regulatory Commission [1][7]. Group 1: Market Development - The holding-type real estate ABS market is emerging, characterized by a focus on asset credit and equity attributes, which distinguishes it from traditional securitization products [2]. - Currently, there are 6 existing holding-type real estate ABS products with a total custody scale of approximately 12.096 billion, and 14 projects are under review [2]. - The underlying asset types for holding-type real estate ABS are becoming increasingly diverse, including highways, affordable rental housing, office buildings, and data centers [2]. Group 2: Information Disclosure - Information disclosure is crucial for holding-type real estate ABS, emphasizing operational quality and results [3]. - The Shanghai Stock Exchange is enhancing its disclosure system to provide comprehensive and objective information for investors [3]. - In 2024, the annual report will include a summary focusing on operational and financial information that reflects the equity attributes of the products [3]. Group 3: Investor Communication - The communication model for holding-type real estate ABS is evolving, with a focus on direct engagement with investors through various formats [6]. - A recent performance briefing for the Jianxin Long-term Rental Fund attracted over 35 institutional investors, enhancing their understanding of the asset's operational value [6]. - The holding-type real estate ABS market is improving transparency and market trust, which is essential for the professional and standardized development of the asset securitization market [6]. Group 4: Future Outlook - The Shanghai Stock Exchange aims to continue enhancing information disclosure and investor communication to support the development of the holding-type real estate ABS market [7][8]. - There is an encouragement for regular investor exchange meetings to discuss industry trends and provide professional insights [8]. - A feedback mechanism for investors will be established to address inquiries and suggestions, fostering a positive interaction cycle [8].