Market Performance - The public REITs secondary market continued to decline, with the CSI REITs index down 0.20% to 838.34 points as of September 19 [1][3] - The CSI REITs total return index increased by 0.12%, closing at 1071.34 points [1][3] - Among the 74 listed public REITs, 38 saw an increase, while 35 experienced a decline, and 1 remained unchanged [1][3] Product Performance - The top three performing REITs were Huaxia Fund Huazhong REIT (+2.20%), China Merchants Highway REIT (+1.89%), and E Fund Shen Highway REIT (+1.57%) [1][3] - The three worst-performing REITs were Huaxia Tebian Electric New Energy REIT (-2.74%), Huaxia Beijing Affordable Housing REIT (-1.79%), and ICBC Mengneng Clean Energy REIT (-1.70%) [1][3] Sector Analysis - Data center REITs showed the best performance with a weekly increase of 1.32%, while ecological and highway sectors declined by 2.00% and 0.47%, respectively [3] - The weekly performance ranking from highest to lowest was: data center, warehousing and logistics, industrial parks, consumer, energy, affordable housing, highways, and ecological environment [3] Liquidity and Trading Volume - The total trading volume for REITs was 468 million yuan, a decrease of 19.0% week-on-week [4] - Trading volumes for property rights and operational rights REITs were 295 million yuan and 173 million yuan, reflecting declines of 20.9% and 15.7%, respectively [4] - The largest trading volume among REIT types was in transportation infrastructure, accounting for 19.7% of total trading [4] Industry and Policy Developments - Three private REITs were accepted for review, including projects related to Tianjin Rail Transit and Qingdao Water Group [2][5] - A joint notice from the Ministry of Commerce and nine departments emphasized support for community commercial complexes and other consumer infrastructure projects to issue REITs [2][6] - As of September 19, there were 28 ABS projects in the year, with a total intended fundraising amount of approximately 564 billion yuan [6]

Market Performance - The public REITs secondary market continued to decline last week, with the CSI REITs Index falling by 0.20% to close at 838.3 points, while the CSI REITs Total Return Index increased by 0.12% to 1071.3 points [1][4] - Among the 74 listed public REITs, 38 saw an increase, 35 experienced a decline, and one remained unchanged. The top three performing products were Huaxia Fund Huayuan REIT (+2.20%), China Merchants Highway REIT (+1.89%), and E Fund Shen Highway REIT (+1.57%) [1][4][6] Sector Performance - The performance of various sectors showed divergence, with industrial park REITs up by 0.04%, logistics REITs up by 0.23%, while ecological and environmental protection REITs fell by 2.00%, and highway REITs decreased by 0.47% [4] - The weekly performance ranking from highest to lowest was: data centers, logistics, industrial parks, consumer, energy, affordable rental housing, highways, and ecological protection [4] Transaction Volume - The total transaction volume for REITs last week was 468 million yuan, a decrease of 19.0% compared to the previous week. The transaction volumes for property and operational REITs were 295 million yuan and 173 million yuan, respectively, reflecting declines of 20.9% and 15.7% [9] - The transaction volumes for various REIT types included: 68 million yuan for park infrastructure, 59 million yuan for energy infrastructure, 44 million yuan for logistics, and 91 million yuan for traffic infrastructure, with traffic infrastructure accounting for 19.7% of total transactions [9] Industry and Policy Developments - Three private REITs were accepted for review last week, including projects related to Tianjin Rail Transit, China Railway Construction, and Qingdao Water Group [2][10] - On September 19, the Ministry of Commerce and nine other departments issued a notice prioritizing support for community commercial complexes and other consumer infrastructure projects to issue REITs [2][10]