中小公募正在积极抢占REITs蓝海。 | | | 规模基金公司布局REITsf | | | | --- | --- | --- | --- | --- | | 基金公司 | REITs基金规模 南区[公] | REITs基金数量 商位[引 | 全部基金规模 审位[亿] | REITs规模占 全部基金规模比例 | | 中信建投基金 | 83.78 | 2 | 787.86 | 10.63% | | 上海国泰君安证券资管 | 69.21 | | 828.92 | 8.35% | | 中航基金 | 55.94 | 3 | 466.49 | 11.99% | | 国金基金 | 39.36 | | 659.61 | 5.97% | | 红土创新基金 | 32.84 | 2 | 182.66 | 17.98% | | 东吴基金 | 31.66 | 31 | 308.04 | 10.28% | | 新江浙商证券资管 | 28.08 | 1 | 315.53 | 8.90% | | | | 基金高质量发展研究院整理。 | 数据来源: | | 中信建投基金以83.78亿元REITs管理规模领跑中小同行，国泰君安资管则以4只产品 ...

REITs已成为许多中小公募寻求差异化竞争的重要策略。 尽管在传统业务线上面临着头部公募强大的品牌与渠道资源竞争，但许多中小公募在REITs领域不断开疆扩 土，已成为行业新现象，也吸引了那些拥有强大股东资源的中小公募卡位赛道。 券商中国记者获悉，多家中小公募今年在REITs业务上动作频频，有的已连续斩获多个项目，有的开始在年内 拿下首单，有的已在项目准备阶段，市场需求与行业竞争策略的变化，预计将吸引更多的中小公募进入REITs 市场。 中小公募抢占REITs 竞争优势 又一家中小公募进入REITs赛道。券商中国记者从创金合信基金公司获悉，创金合信基金公司旗下已经有多个 公募REITs项目同时处于推进状态，其中公司旗下首只公募REITs——创金合信首农产业园封闭式基础设施证 券投资基金已在6月19日获批，标志着该基金近年来在REITs领域的深耕布局初见成效，相关业务发展提速。 例如，拿下年内首单获批的消费类REITs项目的基金公司并非来自头部公募，而是来自中金基金。6月19日， 中金中国绿发商业资产封闭式基础设施证券投资基金宣布基金合同生效。该基金简称为"中金中国绿发商业 REIT"，合同期限设定为30年，运作 ...

Core Insights - The launch of the first batch of 9 REITs in June 2021 marked the official start of the domestic REITs pilot program, enhancing market vitality and resilience [1] - As of now, there are 22 REITs listed on the Shenzhen Stock Exchange (SZSE) with a total fundraising scale of 57.81 billion yuan, covering various asset types including ecological protection and logistics [2] - The regulatory framework for REITs has been continuously improved, with a comprehensive set of rules established to cover all business aspects of REITs [3] Market Expansion and Innovation - The SZSE has introduced several innovative REITs, including the first clean energy REIT and the first batch of rental housing REITs, with a focus on expanding asset types [2] - The market has seen a significant increase in investor participation, with the average subscription multiple for recent REITs reaching historical highs [2] Regulatory and Operational Enhancements - A robust regulatory framework has been established, consisting of various guidelines and notifications to streamline the REITs lifecycle and improve operational efficiency [3] - Continuous engagement with local authorities and market participants has been emphasized to enhance project reserves and conduct regular training sessions [4] Market Performance and Investor Engagement - As of June 20, 2024, the total market value of the 22 REITs is approximately 68.67 billion yuan, with an average closing price increase of 25.18% from the issue price [5] - Institutional investors dominate the REITs market, holding over 95% of the shares in the 18 REITs that disclosed their annual reports for 2024 [6] Future Development and Strategic Goals - The SZSE aims to optimize project services and expand the REITs pilot scale, focusing on high-quality development and supporting technological innovation [8] - Plans include enhancing regulatory mechanisms, improving the quality of listed REITs, and fostering a more diverse investor base to ensure sustainable market growth [8]

点击注册小程序 查看完整报告 成交规模及换手率：从底层资类型产来看，本月公募REITs成交规模较上月小幅下降，保障性租赁住房类 REITs区间日均换手率领先其他。截至4月30日，已上市的65只REITs月内总成交额为123.5亿元，月内区间 日均换手率均值为0.8%。从单只REIT层面来看，月内成交量前三的是南方顺丰物流REIT/红土创新盐田港 REIT/博时蛇口产园REIT；月内成交额前三的是南方顺丰物流REIT/华夏中国交建REIT/中信建投国家电投 新能源REIT。 主力净流入：本月，主力净流入总额达27727万元，市场交易热情较上月提振显著。主力资金净流入层 面，从不同底层资产REITs来看，本月主力净流入额前三的底层资产类型是仓储物流类/消费基础设施类/园 区基础设施类。本月主力净流入额前三的REITs是南方顺丰物流REIT/华夏华润商业REIT/中金安徽交控 REIT。 报告摘要 1、 一级市场 截至2025年4月30日，我国公募REITs产品数量达65只，合计发行规模达 1730.26亿元（不含扩募）。从底 层资产类型来看，截至2025年4月30日，交通基础设施类发行规模最大，共发行687.71 ...