CSRC: Will maintain close communication and cooperation with Hong Kong counterparts, accelerate the promotion of REITs mutual access, and ensure a smooth landing as soon as possible.

On February 28, the China Securities Regulatory Commission issued a reply letter regarding Proposal No. 00316 (Finance and Taxation Class 024) of the Second Session of the Fourteenth National Committee of the Chinese People's Political Consultative Conference (CPPCC). It mentioned that the China Securities Regulatory Commission is actively promoting the related work of Real Estate Investment Trusts (REITs) mutual access and has included it in the 5 capital market cooperation measures with Hong Kong, which were released to the public on April 19 this year. It is proposed to include qualified Mainland and Hong Kong REITs in the Shanghai-Hong Kong Stock Connect, further enriching the trading varieties of the Shanghai-Hong Kong Stock Connect. Next, the China Securities Regulatory Commission will maintain close communication and cooperation with Hong Kong and actively promote the development of the REITs market, accelerating the smooth landing of the REITs mutual access as soon as possible. It will continue to enrich cross-border investment products, providing more investment convenience and opportunities for domestic and foreign investors, and better support the high-level opening of the capital market. Thank you for your concern and support for the development of the capital market. Please continue to provide your opinions and suggestions. This article is compiled from the official website of the China Securities Regulatory Commission, edited by GMTEight: Jiang Yuanhua.