First Expansion of Holding Real Estate ABS Successfully Launched, with Total Transactions Exceeding 1 Billion Yuan

Author: Huang Siyu      Editor: Gao Lishan

On September 30, the CCB Housing Rental Fund Holding Real Estate Asset-Backed Special Plan (referred to as "CCB Long-term Rental" ABS) completed its first expansion on the Shanghai Stock Exchange (SSE), becoming the market's first holding real estate ABS expansion project. Industry experts believe that this expansion has brought innovations in issuance pricing, book-building, and dual-listing processes, setting a positive example for the future expansion of other holding real estate ABS projects. As of September 30, the "CCB Long-term Rental" ABS had accumulated over 1 billion yuan in secondary market transactions, with more than 93 trades and 16 new investors.

A relevant business official from the SSE stated, "We will continue to vigorously promote the development of the holding real estate ABS market, cultivate more 'investable' and 'worth-investing' projects for the market, build industry platforms, facilitate the expansion implementation, and provide full-process, multi-channel support mechanisms to connect both investing and financing parties."