Nearly half of the configuration, insurance funds are heavily investing in REITs among institutions.

Against the background of low interest rates and "asset shortage", in order to effectively alleviate the pressure of asset-liability matching, every suitable asset will become the target of insurance capital competition. On April 23, a reporter from the Shanghai Securities News learned from the industry that in recent years, with the accelerated issuance of holding-type real estate ABS, institution-to-institution REITs have gradually been favored by more insurance funds, with insurance funds accounting for nearly half of the allocation in the institution-to-institution REITs market, becoming a true "big buyer". Industry insiders believe that institution-to-institution REITs have a long investment period and can provide stable cash flow, which can effectively help insurance funds achieve asset-liability matching goals. Therefore, the participation and influence of insurance funds in the institution-to-institution REITs market will continue to increase. However, institution-to-institution REITs also face "growing pains" - the market mechanism needs to be improved, trading activity needs to be increased, and the investment group needs to be expanded, among other immature development shortcomings that still need to be resolved.