Southern Finance | First Inter-Institutional REITs for Private Enterprise-Backed Affordable Rental Housing Listed on the Shanghai Stock Exchange (SSE)

Southern Finance, April 9 – Recently, the CPIC Asset Management-New Huangpu Zhumengcheng Affordable Rental Housing Holding Real Estate Asset-Backed Securities Special Plan was officially listed on the Shanghai Stock Exchange (SSE). With an issuance scale of RMB 1.1942 billion, the project's underlying assets are anchored in a high-quality affordable rental housing community in Meilong Town, Minhang District, Shanghai. This marks the first inter-institutional REITs project for affordable rental housing initiated by a private enterprise in the entire market, achieving a resonance between people's livelihood and financial attributes. The project was over-subscribed by 17 institutional investors, attracting participation from a diverse range of investors including insurance companies, bank wealth management products, securities firms' proprietary businesses, and trust institutions. As of the end of March 2026, a total of 70 inter-institutional REITs projects have been filed with the SSE, with a total filing scale exceeding RMB 130 billion; 41 projects have been successfully issued, with an aggregate issuance scale of RMB 73 billion. The SSE stated that it will continue to improve relevant mechanisms and supporting rules to promote the high-quality development of the inter-institutional REITs market. (21st Century Business Herald)