Perry, a reporter from the Securities Times.
Since its listing on June 21, the first nine public offering REITs have been traded in the secondary market for more than four months, and nine products have been operating smoothly, of which five have reached new highs on the floor and have traded actively. At the same time, the second batch of public offering REITs has also entered the declaration stage, of which 3 products have been reported, according to industry insiders, the product is not far from being approved.
Five public offering REITs
The price on the floor hit a new high
On October 25th, the prices of five public REITs, such as Zhejiang Merchant Shanghai-Hangzhou-Ningbo REIT, Zhongjin GLP REIT, Soochow Suyuan Industry REIT, Hua'an Zhangjiang Everbright REIT, and Hongtu Yantian Port REIT, reached new highs, and the transaction was active. As of the close, CICC GLP REIT closed at 4.63 yuan, setting a new high on the floor. The daily turnover of the product was 44.75 million yuan, ranking first among the first nine public offerings REITs, while Hua'an Zhangjiang Everbright REIT had the highest daily increase of 1.89%.
For a long time, the rise and fall of the nine public REITs has been divided since its listing, with AVIC Shougang Green Energy REIT rising the most, with 33.38%, followed by Wells Fargo's first water REIT, which has risen 25.86% since its listing on July 2, while Soochow Suyuan Industrial REIT and Ping an Guangzhou Guanghe REIT have risen less than 10%.
It is worth noting that CNAC Shougang Green Energy REIT and Fengguo's first water REIT are franchise category public offering REITs. Compared with property rights products, franchise products mainly collect fees, such as tolls, garbage disposal fees, cash flow is relatively stable, and the overall dividend payout rate is higher, some people in the industry said, this may be part of the reason for the higher premium rate of the above two products.
The second batch of public offering
REITs is about to appear.
With the smooth operation of the first batch of public offering REITs, the second batch of public offering REITs has also entered the declaration stage, according to industry insiders, the product is not far away from being approved.
According to the website of the CSRC, three REITs, including the REIT of Guotai Junan Lingang Park, the REIT of Jianxin Zhongguancun Park and the REIT of Huaxia Yuexiu Expressway, have been reported and accepted on October 15. Among them, Guotai Junan Lingang Park REIT, Jianxin Zhongguancun Park REIT for the industrial park REITs, Huaxia Yuexiu Expressway REIT for the highway REITs.
Huaxia Fund believes that the infrastructure public offering REITs pilot project is a major reform and innovation in China's capital market and infrastructure sector, opening up new channels for ordinary investors to invest in infrastructure, as well as new financing channels for infrastructure enterprises in addition to traditional equity and debt. In the long run, the public offering REITs is expected to achieve the effective docking of trillions of stock infrastructure, savings funds and social capital, further enhance the role of the capital market in serving the real economy, optimize the economic structure, and promote the high-quality and sustainable development of China's economy.