The first nationwide industrial factory-holding real estate ABS has been launched.

The "Citic Construction Investment - Waigaoqiao Group-held Real Estate Asset-backed Special Plan" was established on the Shanghai Stock Exchange with a total issuance scale of 1.83 billion yuan, making it the first market-based real estate ABS with industrial plant as the underlying asset. It is the first industrial plant institutional REITs in the country and also the first institutional REITs of a local state-owned enterprise in Shanghai, which not only expands the asset scope of institutional REITs, but also creates a new equity financing channel for local state-owned enterprises to activate existing assets, demonstrating a strong impact.