The Shenzhen Stock Exchange revised and released self-disciplinary regulatory rules for REITs, with commercial real estate REITs pilot program steadily taking off.

19:29 31/12/2025

The Shenzhen Stock Exchange attaches great importance to the pilot work of commercial real estate REITs, solidly and orderly carrying out preparations such as rule revisions, technical system development, and project cultivation, in order to promote the successful start of the pilot of commercial real estate REITs.

On December 31st, the Shenzhen Stock Exchange issued the "Regulations on Public Offering of Real Estate Investment Trust Funds" and supporting rules and guidelines, along with the "Notice on Pilot Work of Commercial Real Estate Investment Trust Funds" (hereinafter referred to as the "Commercial Real Estate REITs Notice"). This is a specific measure to implement the "Announcement on the Launch of Pilot Commercial Real Estate Investment Trust Funds" by the China Securities Regulatory Commission (hereinafter referred to as the "Commercial Real Estate REITs Announcement"), which will further enrich the types of REITs business, promote the functions of REITs, and promote the high-quality development of the REITs market. The Shenzhen Stock Exchange attaches great importance to the pilot work of commercial real estate REITs, and solidly and orderly carries out preparations such as rule revisions, technical system development, and project cultivation to promote the successful start and progress of the pilot work of commercial real estate REITs. In accordance with the requirements of the "Commercial Real Estate REITs Announcement," the Shenzhen Stock Exchange has revised and formed a framework of "1+7+6" REITs rules and guidelines, namely, 1 business rule, 7 business guidelines, and 6 business guidelines, to solidify the institutional foundation of commercial real estate REITs. Next, the Shenzhen Stock Exchange will thoroughly implement the spirit of the 4th Plenary Session of the 20th Central Committee of the Communist Party of China and the Central Economic Work Conference, follow the unified deployment of the China Securities Regulatory Commission, focus on promoting high-quality development of the REITs market, establish a concise, efficient, standardized, and transparent REITs rules system, strengthen the reserve of high-quality projects, promote the smooth implementation of the pilot of commercial real estate REITs, further enhance regulatory capabilities and service levels, and enhance the quality and efficiency of serving the real economy in the multi-level capital market. This article is selected from the official account of the Shenzhen Stock Exchange. Editor: Feng Qiuyi.

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