What is a real estate investment trust fund?
According to official website information of CSRC, as of May 20021,1 1, the first batch of REITs pilot units and products have reached 10 (/). 10 pilot real estate investment trust funds are as follows:
1 Rich countries launch water closed infrastructure securities investment fund.
Basic assets: including BOT franchise projects of Shenzhen Fuyong, Songgang and Gong Ming water purification plants and PPP projects of Hefei Shiwuli River sewage treatment plant.
Subscription fee: the subscription amount is less than 6.5438+0 million, and the subscription rate is 0.6%; 1 10,000 to 3 million, and the subscription rate is 0.4%; From 3 million to 5 million, the subscription rate is 0.2%, and if it is more than or equal to 5 million, it will be 1000 yuan each.
2. Huaan Zhangjiang Everbright Park Closed Infrastructure Securities Investment Fund
Basic assets: Zhangjiang Everbright Garden, located at Lane 500, Xiaxia Road, China (Shanghai) Pilot Free Trade Zone 1-7, owned by An Tian Investment and Zhongjing Electronics.
Subscription fee: for strategic investors and offline investors, the subscription fee is 0; Public investors, the subscription rate is not higher than 0.5%.
3 Soochow-Suzhou Industrial Park Industrial Park Closed Infrastructure Securities Investment Fund
Basic assets: International Science Park Phase V Zone B and 2.5 Industrial Park Phase I and Phase II, both located in Suzhou Industrial Park, Suzhou.
Fund offering: in principle, it shall not exceed 5 trading days from the date of fund share offering.
Subscription fee: the subscription amount is less than 6.5438+0 million, and the subscription rate is 0.6%; 1 10,000 to 3 million, and the subscription rate is 0.4%; From 3 million to 5 million, the subscription rate is 0.2%, and if it is more than or equal to 5 million, it will be 1000 yuan each.
4 Jinzhong Prologis Storage Logistics Closed Infrastructure Securities Investment Fund
Basic assets: It consists of seven warehousing and logistics parks, which are distributed in three major urban agglomerations, namely, Beijing-Tianjin-Hebei, Yangtze River Delta and Greater Bay Area, with a total construction area of about 704,988 square meters. By June 5438+February 3, 20201,the average rental rate of target infrastructure assets was about 98.72%, the average contract rent and management fee was about 4.004 yuan/month/square meter, and the total valuation was about 5.346 billion yuan.
Fund sales: in principle, it shall not exceed 5 trading days, and the longest period shall not exceed 3 months.
Subscription fee: the subscription amount is less than 6.5438+0 million, and the subscription rate is 0.6%; 1 10,000 to 3 million, and the subscription rate is 0.4%; From 3 million to 5 million, the subscription rate is 0.2%, and if it is more than or equal to 5 million, it will be 1000 yuan each.
Securities investment fund for the closed infrastructure of Sui Yu Expressway in Chongqing for the construction of five national railways.
Basic assets: Chongqing section of Yu-Sui Expressway, involving 93.26 kilometers of expressway.
Fund raising: the fund raising period shall not exceed 5 trading days, and the proportion of offline issuance shall not be less than 70% of the number of public offerings.
Subscription fee: the subscription amount is less than 6.5438+0 million, and the subscription rate is 0.8%; 1 10,000 to 3 million, and the subscription rate is 0.6%; From 3 million to 5 million, the subscription rate is 0.4%, which is more than or equal to 5 million yuan, each 1000 yuan.
6 Zheshang Securities Shanghai-Hangzhou-Ningbo Expressway Closed Infrastructure Securities Investment Fund
Basic assets: the right to collect fees from Zhejiang section of Hangzhou-Huizhou Expressway and its related structures, in which Hangzhou-Huizhou Expressway (Zhejiang section) includes three sections: Changhua-Yulingguan section of Hangzhou-Huizhou Expressway, Wangjiabu-Changhua section of Hangzhou-Huizhou Expressway and Zuowangjiabu section of Hangzhou-Huizhou Expressway.
Fund raising: the raising period shall not exceed 5 trading days.
Subscription fee: the subscription amount is less than 6.5438+0 million, and the subscription rate is 0.6%; 1 10,000 to 3 million, and the subscription rate is 0.4%; 3 million to 5 million, the subscription rate is 0.2%, which is greater than or equal to 5 million, and each transaction is 1000 yuan.
7 Ping An Guangzhou Jiaotou Guanghe Expressway Closed Infrastructure Securities Investment Fund
Basic assets: Guangzhou section of Guanghe Expressway.
Subscription fee: No subscription fee is charged at the time of initial issuance (both subscription rate and subscription fee are 0).
8. Red soil innovation Yantian Port warehousing and logistics closed infrastructure securities investment fund
Basic assets: The modern logistics center project is located in the north area of Yantian Comprehensive Bonded Zone, Yantian District, Shenzhen, near Yantian Port Wharf. The project includes 4 warehouses, 1 comprehensive office building and 1 gas cylinder station.
Subscription fee: the off-site subscription amount is less than 6,543.8+0,000, and the subscription rate is 0.6%; 1 10,000 to 3 million, and the subscription rate is 0.4%; 3 million to 5 million, the subscription rate is 0.2%, which is greater than or equal to 5 million, and each transaction is 1000 yuan.
9 Bo Shi Merchants Shekou Industrial Park Closed Infrastructure Securities Investment Fund
Basic assets: Shekou Net Valley Industrial Park, Shekou Industrial Zone.
Fund sales: in principle, it shall not exceed 5 trading days, and the longest period shall not exceed 3 months.
Subscription fee: no subscription fee is charged.
10 AVIC Shougang biomass closed infrastructure securities investment fund
Basic assets: Shougang biomass project includes biomass energy project, residue temporary storage project and kitchen project.
Fund sales: in principle, no more than 5 trading days.
Subscription fee: the subscription amount is less than 6.5438+0 million, and the subscription rate is 0.6%; 1 10,000 to 3 million, and the subscription rate is 0.4%; From 3 million to 5 million, the subscription rate is 0.2%, and if it is more than or equal to 5 million, it will be 1000 yuan each.
We can see that the fundraising period of the first batch of partial pilot REITs funds should not exceed 5 trading days in principle, and the longest period should not exceed 3 months. In other words, if all goes well, we will have the opportunity to subscribe offline or buy and sell REITs funds in the secondary market at the latest in June!