Exploration of issuing paths in the fields of railways, cultural tourism, and elderly care facilities is expected to lead to a simultaneous increase in both quantity and quality of infrastructure REITs.

Recently, the National Development and Reform Commission issued a notice on further improving the recommendation and application work for real estate investment trust funds in the infrastructure sector. Specific measures will be introduced to continue to promote market expansion, increase fund support, and improve project quality, in order to promote the high-quality development of real estate investment trust funds in the infrastructure sector. In terms of expanding the market, while accelerating the regular application of mature asset projects, the notice also mentioned actively researching and exploring new asset types such as railways, cultural tourism, and elderly care facilities which do not have recommended issuance cases. Industry experts believe that with the continued release of policy dividends, the continual enrichment of asset types, and the activation of fund expansion mechanisms, the REITs market in China is expected to usher in a new round of growth in scale and quality improvement.