Core Viewpoint - The article discusses the growth and future prospects of the REITs market in China, particularly focusing on the performance and strategies of China Resources Commercial REIT, highlighting its significance in the commercial real estate sector and its long-term vision for sustainable growth [2][5][11]. Group 1: Market Overview - Since the launch of the first public REITs products in June 2021, the market has seen continuous growth in scale and diversification of asset types, attracting a wider range of investors [2]. - The commercial REITs sector, particularly China Resources Commercial REIT, is recognized as one of the largest and highest-quality assets in the consumer REITs category [5]. Group 2: Future Outlook - The company aims to enhance capital operations through continuous fundraising, allowing for orderly exits from mature projects to reinvest in new projects, thereby increasing asset management scale and operational efficiency [5][11]. - The future of Qingdao MixC is optimistic, with the local GDP nearing 1.7 trillion yuan and a retail sales growth of 4.2%, indicating a strong consumer market [6]. Group 3: Operational Strategies - The operational strategy for Qingdao MixC focuses on three main areas: 1. Innovation in space operations to enhance commercial atmosphere and asset value [7]. 2. Brand innovation with an annual store opening rate exceeding 25%, maintaining a strong market position [8]. 3. Increasing foot traffic and membership, with a 9% year-on-year growth in foot traffic and membership surpassing 1.5 million [9]. Group 4: Asset Expansion and Selection - As of the end of 2024, the company has 92 shopping centers with an asset management scale close to 300 billion yuan, focusing on core cities and regions [10]. - The selection of assets for expansion will consider regulatory compliance, operational maturity, and project development cycles, ensuring a diversified asset portfolio [10]. Group 5: Market Expectations - The company expresses confidence in the future of consumer REITs, emphasizing the need for optimized mechanisms to enhance fundraising efficiency and market expansion [11][12]. - There is an expectation for a more diverse investor base to increase market activity and liquidity in the consumer REITs sector [12]. - Continuous improvement in asset management efficiency is seen as crucial for the long-term stable development of China Resources Commercial REIT [13][14].