Zhongxin Finance, June 1, China Securities Regulatory Commission reported on May 31 that on the basis of the preliminary REITs pilot work, the China Securities Regulatory Commission guided the stock exchange to formulate and release the "Newly Purchased Infrastructure Projects (Trial)" to support listed REITs through expansion. Acquire assets through fundraising and other means, increase the construction of the REITs market, and strive to promote the high-quality development of the multi-level capital market.
The China Securities Regulatory Commission stated that fundraising is an important feature of REITs products and an indispensable part of market construction.The "Newly Purchased Infrastructure Projects (Trial)" clarifies the conditions, procedures, information disclosure requirements and arrangements for the expansion and offering of newly purchased infrastructure projects. Conflict prevention, adhere to the priority of the interests of holders, strictly control the quality of projects, and compact the main responsibility of participating institutions.The introduction of the REITs expansion mechanism will help REITs acquire assets by issuing additional shares, carry out M&A and reorganization activities, and further promote a virtuous circle of investment and financing.
The CSRC has made it clear that in the next step, the CSRC will, in accordance with the principle of marketization and rule of law, encourage listed REITs with good operating conditions and performance, stable investment operations, and standardized basic accounting work to carry out the expansion business, and strengthen market supervision at the same time. Give full play to the important role of REITs in revitalizing existing assets and broadening long-term funding sources for infrastructure construction.(Finish)
【Editor: Cheng Chunyu】
