UBS: It is expected that the country's promotion of REITs normalization will have a positive impact on China Resources Land.

UBS released a research report stating that the National Development and Reform Commission recently issued a notice on promoting the normalization of REITs issuance. Firstly, the NDRC will explore including new assets such as rental housing and elderly facilities in the scope of REITs issuance. Secondly, it will support projects involving investments by non-state-owned enterprises to participate in REITs issuance. Thirdly, it will simplify the application process for injecting assets into REITs and allow the submission of asset injection applications within six months after the initial public offering. The bank believes that this move will accelerate the issuance of public REITs and the process of asset injection, positively impacting China Resources Land, which is currently applying to inject assets into public REITs.