The SSE Issues Infrastructure REITs Periodic Reporting Guidelines to Promote the Quality of Information Disclosure

On November 29th, under the guidance of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange issued "Guidelines No. 6 of the Shanghai Stock Exchange on the Application of the Rules for Publicly Offered Infrastructure REITs—Annual Report (Trial)" and "Guidelines No. 7 of the Shanghai Stock Exchange on the Application of the Rules for Publicly Offered Infrastructure REITs—Interim Report and Quarterly Report (Trial)" (hereinafter collectively referred to as "Periodic Reporting Guidelines"). The issuance of Rules is conducive to further improving the construction of the system of duration rules for infrastructure REITs with "assets management" as the core.

The Periodic Reporting Guidelines have the following characteristics: First, on the basis of improving the basic requirements for information disclosure in infrastructure REITs, the guidelines clarify the information disclosure obligations and duty performance disclosure requirements of each business participant. Second, with regard to information disclosure at the fund level, the Periodic Reporting Guidelines regulate fund finance, fund transactions and major issues, urging fund managers to effectively perform their product management duties. Third, the Periodic Reporting Guidelines fully consider the asset characteristics of infrastructure REITs and improve the pertinence and effectiveness of information disclosure by fully disclosing the operational status of underlying assets to investors. Fourth, the Periodic Reporting Guidelines highlight the importance of information disclosure. The annual report discloses more detailed contents, and the interim report and quarterly report appropriately simplify the contents on the premise of meeting the information needs of investors to reasonably reduce the cost of information disclosure for business participants.

Going forward, the SSE will continue to do a good job in information disclosure supervision of listed REITs according to the deployment requirements of the CSRC, promote high-quality development of the REITs market and better serve national strategies and overall economic and social development.

From "Shanghai Stock Exchange Release" on November 29, 2024

See full article at:http://www.sse.com.cn/aboutus/mediacenter/hotandd/c/c_20241129_10765164.shtml

The above information is provided for reference purposes only and does not constitute investment advice.