Original title: Strong alliance to create high-quality public offering REITs Huaxia Yuexiu Expressway REIT hits big
As a type of innovative fund products, public REITs have attracted more and more investors’ attention due to their low investment threshold, low correlation with stocks and bonds, and on-market trading. Wind data shows that as of November 12, the total scale of the 9 first batch of public REITs listed in June this year has reached 35.6 billion yuan, of which 4 projects have increased by more than 20%, which also makes investors feel The high-quality public offering REITs project is full of expectations. Recently, the second batch of publicly offered REITs was approved. Among them, the China Yuexiu Expressway REIT jointly created by the head fund company China Asset Management, the top securities firm CITIC Securities and Yuexiu Group has attracted a lot of attention.
According to data, the underlying asset of Huaxia Yuexiu Expressway REITs is the Hanxiao Expressway, which is an important part of the Fuyin Expressway (G70), and is also connected to the Beijing-Hong Kong-Macao Expressway (G4) and the Shanghai-Chengdu Expressway (G42), which is radioactive in the northwest of Wuhan. Passage, adjacent to Wuhan Tianhe International Airport. Industry analysts said that as an important infrastructure, expressway has the characteristics of relatively stable income. Expressway assets are franchise assets and are relatively lowly affected by the market environment, macroeconomics and industrial policies. They are regarded as public REITs. High-quality selection of underlying assets.
In addition to the high-quality assets themselves, Huaxia Yuexiu Expressway REITs have gained market attention because the project can be described as a combination of strong and powerful products in terms of sponsors, operating agencies, ABS managers, and fund managers. The initiator of Huaxia Yuexiu Expressway REITs is Yuexiu Transportation, the fund manager is China Asset Management, and the ABS manager is CITIC Securities. According to the data, Yuexiu Transportation is a state-controlled listed company that has been deeply engaged in highway investment and operation for 25 years. It has sufficient reserves of excellent assets. The Yuexiu Group behind it is a pioneer in REITs asset management and an experienced market-oriented highway investment operator with more than 15 years of experience. REITs asset management experience. CITIC Securities, the manager of ABS, is a leading domestic brokerage firm and the first domestic REITs-like product manager and sales organization, which has laid a basic trading framework for domestic REITs-like products. The fund manager, China Asset Management, established a dedicated REITs team in 2015, with dedicated industry researchers in the real estate, logistics, water, highway and other infrastructure industries, and has rich experience in REITs investment research; from 2014 to 2020 In June, China Asset Management’s accumulated investment in infrastructure debt investment plans totaled more than 10 billion yuan, and the types of basic assets covered various types of infrastructure such as transportation and municipal facilities. In addition, China Asset Management has a comprehensive investor structure, diverse types, and extensive coverage, including social security, annuity, bancassurance and other special account customers, as well as overseas customers. In the future, it can also coordinate resources to create a REITs business ecosystem. All these will provide a strong guarantee for the efficient and smooth operation of Huaxia Yuexiu Expressway REITs during the duration of their existence.
It is worth noting that China Asset Management attaches great importance to the management of its first publicly-raised REITs and has dispatched elite soldiers. According to the data, the REITs of Huaxia Yuexiu Expressway will be jointly managed by Ma Zhaoliang, Lin Weixin and Sun Shaopeng, all of whom are experienced in the field of REITs. Ma Zhaoliang has worked in a number of real estate and industrial park-related industry companies. He joined China Asset Management in August 2015 as the senior vice president of the research and development department, the director of the institutional bond investment department, and the chairman of the China Capital Real Estate Financial Development Committee. He is responsible for the preparation of the pilot REITs Project preparation, product design, investment due diligence and ABS asset management, etc., with more than 5 years of experience in infrastructure investment and operation management. Lin Weixin has been engaged in infrastructure investment management since 2009. He once worked for CITIC Construction Co., Ltd. and Taikang Asset Management Co., Ltd., engaged in investment in infrastructure, real estate and other industries. Joined China Asset Management in September 2020 as the senior vice president of the Infrastructure and Real Estate Investment Department. He has more than 5 years of experience in infrastructure investment management. Sun Shaopeng has been engaged in infrastructure investment and operation-related work since 2015. He once worked in Beijing Urban Construction Infrastructure Investment Management Co., Ltd. and China Communications Investment Fund Management (Beijing) Co., Ltd., engaged in investment and operation management of infrastructure projects. Joined China Asset Management in September 2020 as the vice president of the Infrastructure and Real Estate Investment Department. He has more than 5 years of experience in infrastructure investment and operation management.
The low correlation between publicly offered REITs and other stocks and bonds will help diversify risks and optimize investment portfolios. Moreover, compared with traditional real estate investment for the purpose of ownership, publicly offered REIs can be listed and traded on the stock exchange and have more ways of participation and exit. Investors can better allocate high-quality real estate assets and share opportunities for high-quality development of the country’s economy through high-quality REITs such as the China Yuexiu Expressway REITs. (CIS)