久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Investment in logistics, roads to get REITs boost

By ZHOU LANXU | China Daily | Updated: 2021-06-07 09:08
Share
Share - WeChat
Workers pour concrete at the construction site of a highway logistics-related warehouse in Zhangye, Gansu province, on May 1. WANG JIANG/FOR CHINA DAILY

Real estate investment trusts, or REITs, have made a stellar debut on the mainland bourses. All of the first nine pilot infrastructure-related instruments were sold out on May 31, the first day of public subscription.

The REIT issued by Bosera Funds, for instance, has an industrial park based in Shenzhen, Guangdong province, as the underlying asset. It has garnered public subscription for more than 3.9 billion lots on May 31, compared with its sales target of 90 million lots.

According to conservative estimates, the scale of China's REITs market is expected to reach a range of 5 trillion yuan ($782.5 billion) to 14 trillion yuan, experts said.

They said the successful launch of China's infrastructure REITs, or publicly-offered instruments investing in infrastructure projects, marks a key milestone in the country's efforts to boost infrastructure investment, combat debt risks, and elevate residents' investment income.

Proceeds raised by the nine REITs will be invested in infrastructure projects in the areas of highways, industrial parks, warehousing and logistics, sewage treatment and power generation using garbage.

For domestic investors, the pilot REITs program has provided a new investment tool that provides a relatively stable return and notable diversification benefit, experts said.

"The launch of REITs has eased the access to real estate investment," said Zou Xuyuan, an analyst with Beijing-based Capital Securities.

"The pilot REITs are expected to have dividend yields of no less than 4 percent in the next three years and particularly cater to the needs of long-term investors," Zou said in a report.

Under current regulations, more than four-fifths of the money collected by a pilot infrastructure REITs program will invest in securities backed by an in-use infrastructure project, and most of the income generated by the project will be distributed to investors.

Dong Dengxin, director of the Wuhan University of Science and Technology's Finance and Securities Institute, said the launch of REITs will help boost the country's infrastructure investment by mobilizing existing infrastructure assets to raise money and fund new investment.

Different from the traditional debt financing mode for infrastructure investment, REITs are equity financing tools and could avoid running up debts when stimulating investment, he said.

Dong said that though the nine pilot REITs in general have stable return prospects given the good quality of underlying assets, it is still necessary for investors to note the risks brought by the short-term volatility and take a long investment horizon.

The REITs issuance came after China kicked off the pilot scheme for infrastructure REITs in April 2020, in a bid to deepen supply-side structural reform in the financial sector and enhance the capital market's capability to support the real economy.

Looking ahead, China plans to expand the coverage of the pilot infrastructure REITs program at the right time and at a steady pace, said Gao Li, a spokeswoman of the China Securities Regulatory Commission, the country's top securities regulator.

The CSRC will encourage institutional investors like banks, insurers, social insurance funds, and securities funds to take part in REITs investment, improve rules and supervision, and ensure a healthy development of the infrastructure REITs market, she said at a news conference in late May.

Globally, the REITs market is found in more than 40 countries and regions, with their assets under management surpassing $2 trillion.

Xinhua contributed to this story.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产亚洲一欧美一区二区三区 | 日本免费大黄在线观看 | 在线看日韩 | 亚洲日本韩国在线 | 色网址在线观看 | 亚洲国产片在线观看 | 欧美在线综合 | 99在线视频精品费观看视 | 成年人免费软件 | 亚洲天堂一区二区 | 日本三级成人午夜视频网 | 成人国内精品久久久久影院 | 国产成人高清亚洲一区久久 | 久热香蕉精品视频在线播放 | 一级特黄国产高清毛片97看片 | 我们2018在线完整免费观看 | 日韩一区二区三区视频 | 久久精品综合免费观看 | 九九视频在线观看视频6偷拍 | 一区二区三区四区在线免费观看 | 亚洲国产欧美一区二区欧美 | 日韩在线观看视频免费 | 国产精品国产自线在线观看 | 国产精品v在线播放观看 | 日本爽快片100色毛片 | 亚洲国产精品大秀在线播放 | 国产高清在线精品 | 欧美日韩视频在线 | 亚洲国产激情在线一区 | 亚洲激情 欧美 | 免费观看视频成人国产 | 久草福利资源网站免费 | 亚洲欧洲一二三区机械有限公司 | 好吊妞998视频免费观看在线 | 国产日韩一区二区三区在线播放 | 视频精品一区二区 | 精品日韩二区三区精品视频 | 亚洲欧美综合网 | 欧美一级特黄做 | 亚洲一区二区三区视频 | 免费一区二区三区视频狠狠 |