Sichuan Bureau organizes a work meeting to promote the pilot of commercial real estate REITs in its jurisdiction.

The Sichuan Administration convened a meeting to promote the pilot work of commercial real estate investment trusts (REITs) in its jurisdiction. Recently, the Sichuan Administration, together with the Shanghai and Shenzhen Stock Exchanges and the Financial Office of the Provincial Party Committee, held a meeting to discuss the promotion of commercial real estate REITs in Sichuan Province. Representatives from the Provincial State-owned Assets Supervision and Administration Commission, the Provincial Department of Housing and Urban-Rural Development, the Provincial Department of Culture and Tourism, as well as financial departments of relevant cities and prefectures, and 9 corporate representatives attended the meeting. The meeting summarized the previous work and mobilized and deployed local government departments and enterprises to actively respond to the pilot policies, assess assets, and cultivate and apply for commercial real estate REITs projects. Participating departments and enterprises shared progress, difficulties, and suggestions for solutions regarding commercial real estate REITs projects, and the Shanghai and Shenzhen Stock Exchanges provided training on the development of multi-level REITs markets, focus areas for review, and key case studies. In response to the difficulties and challenges raised by the enterprises, the Sichuan Administration will manage the records, collaborate with relevant departments and local governments, and address individual cases to promote project advancement.