Huatai Suzhou Hengtai leased housing REIT listed on the first day of the limit up, fund managers speak out.

On May 21, Huatai Suzhou Hengtai Leasing Housing REIT, managed by Huatai Securities Asset Management as the fund manager and asset-backed securities manager, and Huatai Joint Securities as the financial advisor, was listed on the Shanghai Stock Exchange. On the first day of trading, the product opened with a 29.99% increase, hitting the upper limit of the increase for public offering REITs on the first day of trading. During the subscription phase, the oversubscription ratio reached a record high of 216.91 times, and the public subscription ratio also reached 829.78 times. Since the beginning of the year, public offering REITs products have been popular among investors. The first-day trading increase of the 7 public offering REITs listed this year was all above 10%, with several products hitting the limit-up, and the average increase reaching 25.29%. "As an emerging investment product, REITs products have relatively weak liquidity in the market compared to other mature products, with a high proportion of institutional investors with similar investment styles, and large transactions may cause short-term supply and demand imbalances, exacerbating price volatility." The fund manager of Huatai Suzhou Hengtai Leasing Housing REIT reminded that with the significant increase in trading prices, public offering REITs products may face risks of price fluctuations, high premiums, and infrastructure operation, and investors should make rational decisions.