Sichuan Bureau Organizes District Commercial Real Estate REITs Pilot Promotion Work Meeting

The Sichuan Bureau organized a work meeting to promote the pilot program of commercial real estate REITs in the jurisdiction. Recently, the Sichuan Bureau, in cooperation with the Shanghai and Shenzhen Stock Exchanges and the Provincial Financial Office, held the “Sichuan Province Commercial Real Estate REITs Pilot Promotion Work Meeting,” with representatives from the State-owned Assets Supervision and Administration Commission, the Housing and Urban-Rural Development Department, the Culture and Tourism Department, five other provincial departments, relevant municipal and county financial departments, and nine enterprise representatives attending. The meeting summarized previous work, and further mobilized and redeployed efforts to respond actively to the pilot policy, conduct asset surveys, and facilitate the phased cultivation and application of commercial real estate REITs projects by local government departments and enterprises. Attendees exchanged views on the progress of commercial real estate REITs projects, existing difficulties, and proposed solutions. The Shanghai and Shenzhen Stock Exchanges provided training on the development of the multi-level REITs market, key review points, and case studies. In response to the challenges and pain points raised by enterprises in project advancement, the Sichuan Bureau will maintain ledger management, collaborate with relevant supervisory departments and municipal governments, and provide targeted case-by-case support through a “question and answer” approach. (CSRC)