Group 1 - The report suggests seizing allocation opportunities during market fluctuations and waiting for the next round of market catalysts [1] - The REITs index rose overall in the past week, with the China Securities REITs total return index increasing by 0.47% to 1052.42 [4][6] - The commercial real estate public REITs saw the first batch of concentrated applications, with 8 projects submitted by the end of January 2026, reflecting a positive market response since the policy framework was clarified at the end of 2025 [4][6][7] Group 2 - The current commercial real estate REITs focus on typical commercial properties such as office buildings, shopping centers, and hotels, which helps diversify market asset types and increase market capitalization [7] - The report indicates that the current policy dividends are gradually being realized, and there is strong institutional allocation demand, maintaining a bullish trend [7] - Market sentiment has shown signs of convergence, with strong projects slowing down while previously weaker projects begin to lead the gains [7]