REITs market liquidity differentiation is obvious, and restoring the market requires long-term incremental funds.

As of the close on June 24th, the CSI REITs Total Return Index has experienced a "seven consecutive decline", falling to 928.96 points after breaking through the 1000-point mark. Against this backdrop, the market is concerned about the liquidity of public REITs. From the data on trading volume and activity provided by institutions, the liquidity of public REITs presents three major features: "overall quantity is acceptable, structure deteriorates, and stratification intensifies", with the trading depth and shock resistance of assets in the middle and back-end weakened. Industry insiders suggest that improving liquidity conditions should start with incremental funds entering the market, investor diversification, and market supporting systems, and the recovery of the market outlook depends on the implementation of policies supporting long-term incremental funds entering the market.