Public Infrastructure Securities Investment Fund (REITs Fund) refers to a closed-end fund product that invests more than 80% of the fund assets in a single infrastructure asset-backed securities, obtains full ownership or franchise of infrastructure projects through the penetration of asset-backed securities and project companies, actively operates and manages infrastructure projects, obtains stable cash flow, and distributes more than 90% of the distributable profits to investors according to regulations.

Simply put, an infrastructure investment fund is a standardized financial product that publicly raises funds from social investors according to law to form fund property, holds infrastructure projects by investing in infrastructure asset-backed securities and other special purpose carriers, and is actively managed and operated by fund managers, and distributes most of the generated income to investors.

Among them, infrastructure projects mainly include transportation facilities such as warehousing and logistics, toll roads, airports and ports, municipal facilities such as water, electricity and heat, pollution control, information networks, industrial parks and other infrastructure.