The China Securities Regulatory Commission has taken action, and three more have been approved in quick succession.

5 public offering REITs were approved intensively this week

Recently, the registration and approval pace of public offering REITs has accelerated significantly.

The official website of China Securities Regulatory Commission (CSRC) shows that following the approval of Huatai Zijin Huazhu Anzhu Commercial REIT and Boshi Shandong Railway Investment Road & Bridge REIT on August 17, three more products including Ping'an Xi'an High-Tech Industrial Park REIT, ShanZheng Jinzhong Public Investment Ruiyang Heating REIT, and Guotai Haitong China State Construction Rental Housing REIT were approved on August 18.

Intensive Approval of Public Offering REITs

On August 18, the CSRC official website showed that Ping'an Xi'an High-Tech Industrial Park REIT, ShanZheng Jinzhong Public Investment Ruiyang Heating REIT, and Guotai Haitong China State Construction Rental Housing REIT were all approved. Just the day before, the approval results of Huatai Zijin Huazhu Anzhu Commercial REIT and Boshi Shandong Railway Investment Road & Bridge REIT were just publicly announced. According to the approval documents, these products received the registration approval on August 13.

Public information shows that the three latest approved REITs products are of landmark significance respectively.

Ping'an Xi'an High-Tech Industrial Park REIT is managed by Ping'an Fund, with a contract term of 40 years and 400 million raised shares. Its custodian is Postal Savings Bank of China, and it is the first public offering industrial park REIT in Shaanxi Province. The underlying asset is the Phase II project of Software R&D Base of Software New Town in Xi'an High-Tech Zone. The settled enterprises are mainly software R&D and information technology service enterprises, with prominent advantages in location and industrial agglomeration.

Guotai Haitong China State Construction Rental Housing REIT is managed by Guotai Haitong Asset Management, with a contract term of 62 years and 500 million raised shares. Its custodian is China Construction Bank, and it is the first rental housing REIT under the system of China State Construction Group Co., Ltd. The debut asset is CSCEC Xingfu+ Apartment (Shanghai Songjiang Store), providing 2432 affordable rental housing units, which is the largest affordable rental housing project in Songjiang District. It has passed the cultivation period since its operation in 2021. Located in the core area of the Yangtze River Delta G60 Science and Innovation Corridor, it continuously introduces young industrial talents relying on supporting facilities including Songjiang University Town.

ShanZheng Jinzhong Public Investment Ruiyang Heating REIT is managed by ShanZheng (Shanghai) Asset Management, with a contract term of 22 years and 200 million raised shares. Its custodian is China Merchants Bank, and it is the first public offering REIT in Shanxi Province. The underlying assets are the first-phase municipal heating project in Jinzhong City and the winter clean heating pipe network equipment, with a heating charge area of more than 12 million square meters, covering more than 145,000 households. The project replaces scattered coal combustion with clean combined heat and power generation for heating, and the raised funds will be invested in energy-saving renovation of pipe networks and construction of biomass energy facilities.

20 Products Approved Within This Year

The CSRC official website shows that as of August 19, 2026, a total of 20 initial public offering REITs have obtained registration approval from the CSRC (excluding share expansion) since the beginning of this year, with asset types covering transportation, energy, commercial real estate, industrial parks, affordable rental housing, municipal heating and other fields.

In terms of time distribution, in March, Dongfanghong Tunnel Co., Ltd. Expressway REIT and AVIC Beijing Changbao Rental Housing REIT took the lead, kicking off the approval of public offering REITs within the year; on April 10, E-Fund Guangxi Beitou Expressway REIT and AVIC CNNP Huineng New Energy Public Offering REIT were approved; on April 24, the first four commercial real estate REITs including CICC Vipshop REIT, Tianhong Fund Shanghai Real Estate REIT, Guotai Haitong Sarawak REIT, and CITIC Securities Construction Investment Shonong Food REIT were approved intensively, marking that commercial real estate has been officially included in the underlying asset pool of REITs; in June, China AMC Poly Commercial REIT, China AMC Capitaland Commercial REIT, Huaan Lujiazui Commercial REIT, Chuangjin Hexin Beijing State-owned Capital Operation Commercial REIT, Huaan Jinjiang Commercial REIT, and Everbright Pramerica Dazhong Anshi Commercial REIT obtained approval documents intensively.

Since August, the first cross-Yellow River road and bridge REIT in China — Boshi Shandong Railway Investment Road & Bridge REIT, the first hotel-type REIT on Shenzhen Stock Exchange — Huatai Zijin Huazhu Anzhu Commercial REIT, and CICC Liandong Tech Innovation REIT have been launched one after another. Coupled with the aforementioned three products, the monthly approval density is also at a high level within this year.

In addition, there are still many products in the status of "responded / feedback pending approval", including Guotai Haitong Chongbang Commercial REIT, Guojin Jiaze New Energy REIT, GF Xindong Wuyue Commercial REIT, Yinhuayuehai Water Conservancy REIT, CICC Cainiao Warehouse Logistics REIT, CICC Hangzhou Anju Affordable Rental Housing REIT and other products.

Ping'an Fund said that at present, China's public offering REITs market has entered a new stage of normalized declaration and high-quality development, with continuously enriched asset types, playing an increasingly important role in revitalizing existing assets, opening up the investment and financing closed loop, and fostering new productive forces.

This article is from the WeChat Official Account "China Fund News" (ID: chinafundnews), authors: Fang Li, Sun Xiaohui, authorized for release by 36Kr.