on December 29th, the general office of the National Development and Reform Commission issued a notice on accelerating the work related to real estate investment trusts (REITs) in infrastructure.
opinions new media learned that the national development and reform commission said that in order to further accelerate the related work of infrastructure REITs, promote the revitalization of existing assets and form a virtuous circle of investment, all localities should further introduce the positive role of infrastructure REITs in reducing the asset-liability ratio of enterprises, preventing and resolving hidden debt risks, improving the reinvestment ability of enterprises, improving the operational efficiency of infrastructure and promoting a virtuous circle of investment, and encourage enterprises to take out high-quality assets to participate in the pilot.
In addition, the Notice pointed out that according to the current situation of regional infrastructure, the conditions of the project itself and the preparatory situation, the intended projects and reserve projects should be carefully sorted out, and qualified projects should be classified and reserved. The national infrastructure REITs pilot project library should adhere to the functional orientation of statistical monitoring and coordination services, so as to make the project "willing to live within its means and should live within its means", and it is not allowed to refuse the project storage for any reason. Timely provide classified guidance for projects, strengthen the whole process services such as project planning, storage and declaration, and promote the preparation for issuance.
It is also known that the Notice proposes that for each reserve project, it is necessary to specify the docking of special personnel, and the local development and reform commissions should conduct project scheduling once a month to dynamically grasp the project progress; As far as possible, shorten the project preparation period, coordinate relevant parties to support REITs, speed up the relevant procedures such as letter of no objection, and implement various issuance conditions.
It is understood that for the projects of infrastructure REITs that have been issued, it is necessary to strengthen the follow-up supervision on the use of recovered funds, regularly schedule whether the recovered funds are used in time, whether they are put into the construction of new projects promised by the original owners, and whether the use method is capital injection, so as to supervise the original owners of the projects to earnestly fulfill their commitments; Support local enterprises to actively participate in infrastructure REITs pilot projects. For enterprises that successfully issue infrastructure REITs, the research will give priority support in terms of funding arrangements.