Recently, REITs "Gaohe Chenxi-CITIC Securities-Yu Ling Series Asset Support Special Plan", the first domestic private enterprise's long-term rental apartment storage right, was approved by the Shanghai Stock Exchange. The registered scale of the special plan is 3 billion yuan. In the future, 10- 15 long-term rental apartment project will be involved, and it will be approved to be distributed by stages within two years. The first phase of the bidding project for the base is Pujiang Store of Mi You International Community and Pujiang Store of Boleshi Hotel Apartment under Yu Ling Xuhui.

REITS Pilot in the State Council 2065438+In June 2006, the State Council issued "Several Opinions on Accelerating the Cultivation and Development of the Housing Rental Market", clearly proposing "steadily promoting the REITs Pilot" to provide financial support for the housing rental market.

First-tier cities such as Shanghai, Beijing and Shenzhen have successively issued implementation opinions on accelerating the cultivation and development of the housing rental market since September, all of which explicitly encourage the development of REITs and support housing rental enterprises to use real estate investment trust funds for financing.

What is REITS? Internationally speaking, REITs (Real Estate Investment Trust Fund) is a kind of trust fund that collects the funds of a specific majority of investors by issuing income certificates, manages real estate investment by specialized investment institutions, and distributes the comprehensive investment income to investors in proportion. Different from the purely private nature of trust in China, REITs in the international sense are equivalent to funds in nature, with a few private placements, but most of them are public offerings. REITs can operate in a closed mode or be listed and traded, similar to open-end funds and closed-end funds in China. ?

Summary: REITS is the English abbreviation of real estate investment trust fund.