Green finance advances again: CBHB (09668) innovates in the underwriting of REITs to create a value loop for energy assets.

Recently, the "Zhongxin Trust Co., Ltd. 2026 First Phase 5 Ling 4 Directional Asset Support Notes (REITs)" underwritten by CBHB (09668) was successfully issued in the interbank bond market, with a total issuance size of 2 billion yuan and a priority issuance rate of only 1.80%. This project is backed by clean energy power plants and utilizes innovative transaction structures to achieve stable cash flow, gaining high market recognition. CBHB's participation in this project underwriting demonstrates the bank's active expansion of asset securitization business and innovative practices in servicing green energy companies to revitalize existing assets. Innovative structures unlock existing value: Green assets connecting with capital markets Real Estate Investment Trust (REITs) asset-backed securities are asset securitization products issued by non-financial enterprises based on real estate project company equities and debts as underlying assets. These products can transform real estate properties with stable cash flows into standardized financing tools, focusing on supporting the demand for revitalizing real estate assets that align with national major strategies and policy directives. As the asset securitization market continues to deepen, REITs have become an important path for enterprises to optimize asset structures, improve turnover efficiency, and expand financing channels. This project aligns closely with the green and low-carbon development direction of State Power Investment Corporation Limited. State Power Investment Corporation is an important energy central enterprise in China and the world's largest clean energy power generation enterprise, with expertise in photovoltaic, wind, nuclear, and hydro power. As an important clean energy enterprise within the State Power Investment Corporation system, Wuling Power focuses on hydropower and new energy fields, with rich experience in energy infrastructure operations. With the acceleration of energy companies' green transformation and expansion of investments in new energy, the demand for long-term, low-cost, and diversified sources of funds continues to rise. By revitalizing mature assets through REITs, companies can unlock the value embedded in high-quality real estate properties and provide funding support for future project investments and industry upgrades, while offering a channel for the capital market to share long-term stable returns from green energy assets. The priority issuance rate for this project is only 1.80%, reflecting the high market recognition of the product structure and underlying asset quality. Professional capabilities serve strategic directions: Business practices forge typical templates For CBHB, participating in the underwriting of this REITs is an important accumulation for enhancing its innovative financial services capabilities. In recent years, the bank has continuously improved its bond underwriting product spectrum, actively participated in innovative businesses such as technology innovation bonds, green bonds, and asset-backed securities, and continuously enriched its professional experience in serving the real economy. Participating in the underwriting of this type of REITs product will help the bank further enhance its ability to discover the value of high-quality underlying assets and expand its green finance and asset revitalization business scenarios. The successful implementation of this project provides a replicable innovative template for similar enterprises to construct asset operations, capital circulation, green and low-carbon transformation, and industrial upgrades. CBHB fully leveraged its underwriting expertise in the project, actively participated in registration and promotion, and assisted in the smooth issuance of the product. By precisely meeting the financing needs of clean energy companies, the bank has brought financial resources into the green and low-carbon fields, achieving an organic integration of financial innovation with real demands. In the next step, CBHB will continue to focus on national strategies and customer needs, concentrating on key areas such as green finance, asset securitization, real estate revitalization, etc., to continuously enhance its innovation product service capabilities. The bank will actively participate in more direct financing projects with demonstrative significance to contribute more strength to serving the high-quality development of the real economy and advancing the solid implementation of the five major financial initiatives.