Yangtze River Delta Infrastructure REITs Industry Alliance Founded Recently

As the joint guiding agencies, the Shanghai Stock Exchange (SSE), the Yangtze River Delta Regional Cooperation Office, the Shanghai Municipal Development and Reform Commission, and the Development and Reform Commissions of Jiangsu Province, Zhejiang Province and Anhui Province recently initiated the founding of the Yangtze River Delta Infrastructure REITs Industry Alliance (hereinafter referred to as the REITs Industry Alliance). The establishment of the REITs Industry Alliance aims to thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, further boost the integrated construction of the Yangtze River Delta, and promote the steady development of the market of publicly offered infrastructure REITs in China. The alliance has widely absorbed all kinds of participants in the REITs market, so as to facilitate the better and faster development of infrastructure REITs in the region.

Established on the voluntary basis of equality, mutual benefit and cooperation, the REITs Industry Alliance, an open united institution, consists of guiding agencies, specialized consultants, member institutions, the board of governors and the secretariat. Its members cover various market participants such as infrastructure REITs sponsors, securities companies, fund companies, law firms, accounting firms and appraisal agencies. The REITs Industry Alliance will focus its objectives and main tasks on the overall development goals of the Yangtze River Delta and the development plan for the infrastructure sector, base itself on the enterprises’ development and market demand, and foster high-quality projects of REITs products throughout the chain. In addition, it will regularly organize activities in the field of REITs, carry out frontier research on the REITs industry from multiple perspectives, and gather superior resources in the market. All this aims to effectively improve the quality and efficiency of serving the integrated development of the Yangtze River Delta, and boost the creation of a new highland for the development of REITs with international competitiveness in an all-round manner.

After the establishment, the REITs Industry Alliance will fully exercise the synergy of the guiding agencies, mobilize the advantageous resources of various market participants, cultivate and tap the market potential, and give full play to the role of the alliance in pooling efforts. All this aims to fuel the development of the REITs market and the integrated construction of the Yangtze River Delta, and effectively support the national strategies and the development of the real economy. At the same time, it is also hoped that more institutions committed to the construction of the REITs market could actively join the REITs Industry Alliance, realize the due functions of financial products in putting the existing high-quality assets to better use and keeping overall economic performance stable, and share the benefits of industry collaboration.