China News Service, Beijing, May 28 (Reporter Xia Bin) China Securities Regulatory Commission spokesperson Gao Li revealed at a press conference in Beijing on the 28th that the pilot work of infrastructure REITs is progressing steadily and orderly, and the next step of the China Securities Regulatory Commission will be summarized in time. Pilot experience, timely and steadily expand the scope of pilot infrastructure REITs, actively cultivate a diverse group of REIT investors, and encourage the participation of professional institutional investors such as banks, insurance, social security funds, securities, and funds.
The China Securities Regulatory Commission and the National Development and Reform Commission jointly issued the "Notice on Promoting the Pilot Work of Real Estate Investment Trust Funds (REITs) in the Infrastructure Sector" in April 2020 to start the pilot work of infrastructure REITs.
Recently, the first batch of infrastructure public offering REITs have been registered by the China Securities Regulatory Commission.
Gao Li said that since the announcement of the above-mentioned notice, all parties have attached great importance to and cooperated closely to advance various tasks in a steady and orderly manner.
At present, the infrastructure REITs rule system is basically sound, and the technical system transformation has been completed.
The first batch of 9 infrastructure public offering REITs projects were registered by the China Securities Regulatory Commission on May 17, and the inquiry was completed recently. Offline investors have actively subscribed, and the next step will be to launch the fund public sale.
She further stated that the first batch of pilot projects covered various asset types such as highways, industrial parks, warehousing and logistics, sewage treatment and waste-to-energy, and raised funds for the construction of new infrastructure and public utilities, and focused on making up for shortcomings.
Gao Li said that in the future, the Securities Regulatory Commission will strengthen basic system research, further improve and optimize the REITs rule system, strengthen REITs business supervision, and ensure the long-term healthy development of the market.
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