CSRC's Huang Jianshan: Steadily progressing with the pilot project of commercial real estate REITs.

On December 25th, Huang Jianshan, Deputy Director of the Bond Supervision Department of the China Securities Regulatory Commission, stated at a press conference on the acceleration of financial support for the construction of the Western Land-Sea New Passage that the CSRC is continuously strengthening the construction of a multi-level capital market, vigorously supporting the effective use of stock and corporate bond assets securitization in exchange markets, and real estate investment trust funds and other diversified market financing channels, to help build a financial service system for the Western Land-Sea New Passage. The CSRC is steadily advancing the pilot project of Commercial Real Estate Investment Trusts (REITs) to provide diversified investment channels for revitalizing and financing commercial real estate. Next, the CSRC will continue to deepen comprehensive reforms in capital market investment and financing, improve the inclusiveness and adaptability of capital market systems, support various entities in comprehensively utilizing the advantages of equity financing, bond financing, and asset revitalization tools, promote the formation of capital to better empower the high-quality development of the real economy, and further enhance the role of capital markets in serving the construction of the Western Land-Sea New Passage.