Shocked! Six years later, Hong Kong's REITs market will finally usher in the first 1 1 REITs. China Merchants Commercial Real Estate Investment Trust Fund (hereinafter referred to as China Merchants Commercial Real Estate Trust Fund), which was founded by Mr. Li Hongzhang and has a history of more than 100 years, is bound to attract people's attention. So, what are the advantages of this fund? First, dividends are stable. Due to the stable high dividend and low debt ratio, most real estate enterprises tend to go to Hong Kong for IPO. According to the Code of Real Estate Investment Trust Fund issued by Hong Kong Securities Regulatory Commission in July 2003, REITs listed in Hong Kong need to use 90% of after-tax net profit for dividends, and the total loan amount should not exceed 45% of the total assets of the fund. Simply put, China Merchants Housing Trust Fund has a high rate of return. Second, the five major property assets gather. According to the announcement of China Merchants Shekou, the core city of Greater Bay Area, China Merchants intends to inject five underlying assets of China Merchants Commercial Housing Trust into Shekou, Nanshan District, the core area of Greater Bay Area, which means that the region has excellent prospects in the process of accelerating urbanization, and five major properties, four office buildings and a commercial plaza will bring huge benefits to it. As of the third quarter of this year, the value of five known properties has reached 6.8 billion. The third is structural optimization and risk dispersion. Get rid of the single tenant situation. Tenants involve many industries and various types, which will effectively reduce the risks brought by simplification. Moreover, because of the core area, the quality of tenants is high, the rent default rate is low, and the renewal rate is high. Fourth, the background is strong and the strength is strong. Is a large state-owned enterprise group, founded in 1872, with a long history of more than 100 years. In addition, China Merchants Shekou is the issuer of this listing, and a wholly-owned subsidiary of China Merchants Property is the house custodian. Both companies are listed in Hong Kong, with wide business scope, strong strength and guaranteed investment security. It is worth mentioning that China Merchants Shekou promised profit coverage within three years after listing. In addition, REITs market investment has always been known for its stable income. To sum up, China Merchants Commercial Real Estate Trust Fund is a variety with relatively stable income and suitable for long-term investment, which is worth stopping for investors.