China News Service, November 28. According to news from the website of the China Securities Regulatory Commission on the 28th, the spokesperson of the China Securities Regulatory Commission answered reporters’ questions about the capital market’s support for the stable and healthy development of the real estate market. Effective today.
The five measures include: resuming mergers and acquisitions and supporting financing of listed real estate companies; resuming refinancing of listed real estate companies and listed real estate companies; adjusting and improving the listing policies of real estate companies in overseas markets; further exerting the role of REITs in revitalizing the stock assets of real estate companies; The role of equity investment funds.
Resumption of mergers and acquisitions and supporting financing for real estate-related listed companies
Qualified real estate companies are allowed to implement reorganization and listing, and the reorganization objects must be listed companies in the real estate industry.
Listed companies in the real estate industry are allowed to issue shares or pay cash to purchase property-related assets; when issuing shares to purchase assets, they can raise supporting funds; the funds raised are used for existing property-related projects, payment of transaction consideration, supplementary working capital, repayment of debts, etc., and cannot be used for Take land and shoot land, develop new real estate, etc.
Listed companies in industries closely related to real estate, such as construction, implement the policies of listed companies in the real estate industry, and support the integration of "same industry, upstream and downstream".
Resumption of refinancing of listed real estate companies and real estate-related listed companies
Allow listed real estate companies to refinance in a non-public manner, and guide the raised funds to be used for policy-supported real estate businesses, including real estate projects related to "guaranteed housing delivery and people's livelihood", affordable housing, shantytown renovation or demolition and resettlement housing for old city renovation construction, as well as replenishment of working capital and repayment of debts in line with the requirements of listed companies' refinancing policies.
Allow other real estate-related listed companies to refinance, and require the funds raised from refinancing to invest in their main business.
Adjust and improve the listing policy of real estate enterprises in overseas markets
Consistent with the domestic A-share policy, resume refinancing of H-share listed companies with real estate as their main business; resume refinancing of other real estate-related H-share listed companies with non-real estate business.
Further play the role of REITs in revitalizing the stock assets of real estate companies.
Work with relevant parties to increase efforts to promote the regular issuance of affordable rental housing REITs, and strive to create a "guaranteed rental housing sector" in the REITs market.
Encourage high-quality real estate companies to issue infrastructure REITs relying on qualified warehousing and logistics, industrial parks and other assets, or use them as expansion assets of listed infrastructure REITs.
Actively play the role of private equity investment funds
Carry out the pilot program of real estate private equity investment funds, allow qualified private equity fund managers to set up real estate private equity investment funds, introduce institutional funds, invest in stock residential real estate, commercial real estate, and infrastructure, and promote real estate companies to revitalize operational real estate and explore new development models .
(China New Finance and Economics)