Dade & Bank Global Director and CEO of DBS Greater China Zhao Jinquan delivered a keynote speech
In order to further serve cross-border financing of western Chinese enterprises, promote financial cooperation between China and Singapore, and help western Chinese enterprises reduce leverage, on July 16, the "Discover New Opportunities in the Development of Western Chinese Enterprises - China-Singapore REITs Market Construction and Development Forum" jointly organized by Chongqing China-Singapore Demonstration Project Administration and Singapore Exchange, jointly organized by DBS Bank and China News Service, DBS Bank and Chongqing Branch of China News Service was held in Chongqing to deeply interpret the development trends of the real estate trust (REITs) market in China and even the Asia-Pacific region, as well as how enterprises can raise funds and reduce leverage through this market.
REITs, namely real estate trust investment fund , is an important means to realize real estate securitization. It is a trust fund that collects the funds of most investors through issuing income certificates, handes them over to special investment institutions for real estate investment management, and distributes the comprehensive investment income to investors in proportion. REITs mainly invest in hotels, offices, commercials, infrastructure and other holding real estate that can generate stable rents. It has the function of stabilizing price and value discovery in the secondary market of real estate, and is still in its infancy in China.
Zhao Jinquan, Director of Dard & Walk Global and CEO of Dard & Walk Greater China, gave a keynote speech entitled "Development and Innovation of China's REITs Market" at the forum that day. He introduced that Hong Kong and Singapore REITs hold 90 properties in mainland China, with assets distributed in 31 cities. Chongqing currently has 4 properties in Hong Kong and Singapore REITs, including Chongqing Metropolitan Oriental Plaza, Chongqing Haiyi Hotel, Chongqing Northern New District Outlets, and Chongqing Bishan Outlets. "
" With the continuous deepening of reform, both from social needs and industry calls, there are strong expectations and expectations for the further development of China's REITs. "Zhao Jinquan mentioned that since April 2014, "CITIC Starts Hang" has launched Chinese REITs Since the market, the domestic commercial real estate asset securitization market has flourished. As of June 2019, 146 orders of REITs, CMBS and CMBN products have been issued in five years, with a total market size of 316.66 billion, broadening financing channels for enterprises holding high-quality properties. Commercial real estate asset securitization is to revitalize existing properties, optimize resource allocation, and promote real estate finance. The supply-side reform of the industry is of great and far-reaching significance. Chen Jiahui, director of the Valuation and Consulting Service Department of Greater China and managing director, delivered a speech by
During the meeting, several leaders of Der & Bank of China were interviewed by reporters. Chen Jiahui, director of the Valuation and Consulting Service Department of Greater China and managing director, introduced that "China's real estate market has gradually transitioned from 'residential + incremental market' to 'existing assets + long-term mechanism'. ” Research results show that in the past five years, real estate asset securitization has played a positive role in the development of the commercial real estate market in enriching corporate financing and property exit channels, forming a closed loop of the "investment, financing, management and withdrawal" industry, and reducing systemic financial risks in the market. According to reports, according to statistics from Peking University Guanghua College, from the perspective of REITs market and GDP and stock market value in developed countries, China's public REITs market can reach 4 to 12 trillion yuan.
Hu Feng, head of the valuation and consulting service department of Dade, North China, and senior director of the valuation and consulting service department of Dade, North China, and senior director of the valuation and consulting service department of Dade, North China, and senior director of the valuation and consulting service department of Dade, North China, and senior director of the valuation and consulting service department of Dade, North China, and share the rights and interests of existing properties, which can transfer the rights and interests enjoyed by real estate like buying and selling stocks, thereby improving asset liquidity and revitalizing existing assets. On the other hand, compared with other financial products, the biggest feature of REITs is that their returns ultimately come from the income of real estate, while high-quality real estate often exhibits the characteristics of high occupancy rate, stable income, and weak asset price volatility, thereby ensuring that investors enjoy stable returns. There is no investment threshold for ordinary people. REITs have enriched the investment channels of the general public investors and helped stabilize the overall real estate market."
It is understood that as of June 2019, with its deep understanding and professional insight into the domestic and foreign REITs market, the Valuation and Consulting Service Department has participated in the issuance of 61 domestic real estate asset securitization products, with a total issuance scale of RMB 148 billion and a property appraisal area of 8.5 million square meters.
Dial Asset Bank will play a more important role in the REITs era. "We have branch layouts in important node cities in the central and western regions, combining an international perspective and localized business well to serve the exploration and development of more central and western enterprises in the field of REITs. "Zhao Jinquan told reporters that during the issuance and establishment of REITs, the valuation department of Derby Assets can provide property evaluation and market research services; the project management service team can provide property engineering due diligence services; in the product survival management process, Derby Assets can work with the enterprise service department, office building, shop department, property and facility management department to provide fund managers with comprehensive leasing, consulting and other asset management services; in the property exit process, the capital market department can provide bulk transaction services. (Yu Fang, Wang Yan)
