Shenzhen Stock Exchange's first hotel-type commercial real estate REITs approved.

On August 17, Huatai Huazhu Anzhu REIT received approval from the China Securities Regulatory Commission, becoming the first hotel-type commercial real estate REIT on the Shenzhen Stock Exchange, as well as the first commercial real estate REIT project approved for Huatai Securities Asset Management. Currently, hotel real estate REITs are still a scarce category among domestic public REITs. The assets of Huatai Huazhu Anzhu REIT are located in the core commercial and transportation hub areas of Guangzhou and Shanghai, with significant geographical advantages that attract a large number of business travelers and exhibition demands, promising broader options for REITs market investors. With the gradual approval and implementation of the first batch and subsequent commercial real estate REITs, the trend of diversification in underlying assets of C-REIT projects is becoming significant, with rapid expansion of varieties, and the normalization of filings and issuances entering a new stage of quality improvement and acceleration.