Government News
Lingang Group's First Publicly Offered Infrastructure REIT Goes Public in Shanghai 2022-10-15
Lingang Group’s first public offering of an infrastructure Real Estate Investment Trust backed by standard factory buildings debuted on the Shanghai Stock Exchange on Thursday.
The Guotai Junan Lingang Innovation and Intelligent Manufacturing Industrial Zone Infrastructure Securities Investment Fund is also the country’s first industrial park-backed REIT, which refers to the conversion of infrastructure assets with stable returns into equity-based financial products.
The REIT was founded on Sept. 22 by the Lingang Group, which is the entity that developed industrial parks in the Lingang New Area of the Shanghai Pilot Free-Trade Zone.
Its underlying assets include Phase I and Phase III of the smart manufacturing industrial park in the Fengxian area of Lingang New Area, according to a recent report. The park has an excellent location and good transportation links. Factories in the park are engaged in a diverse range of sectors from precision machinery to automotive equipment.
The product has attracted the participation of various investors, including banks, insurers, securities firms, public funds and trusts. And for the first time, foreign institutional investors are participating in investing in China’s infrastructure-themed public REITs, The Paper reported earlier.
Offline subscriptions for the REIT by individual investors could be oversubscribed by as much as 148 times, The Paper said, citing an offline price inquiry survey.
As of now, industrial zones run by the Lingang Group have gathered more than 10,000 high-tech corporations from both home and abroad, employing over 400,000 people and generating an output value of over CNY1.1 trillion (USD153.1 billion).
Source: Yicai
The Guotai Junan Lingang Innovation and Intelligent Manufacturing Industrial Zone Infrastructure Securities Investment Fund is also the country’s first industrial park-backed REIT, which refers to the conversion of infrastructure assets with stable returns into equity-based financial products.
The REIT was founded on Sept. 22 by the Lingang Group, which is the entity that developed industrial parks in the Lingang New Area of the Shanghai Pilot Free-Trade Zone.
Its underlying assets include Phase I and Phase III of the smart manufacturing industrial park in the Fengxian area of Lingang New Area, according to a recent report. The park has an excellent location and good transportation links. Factories in the park are engaged in a diverse range of sectors from precision machinery to automotive equipment.
The product has attracted the participation of various investors, including banks, insurers, securities firms, public funds and trusts. And for the first time, foreign institutional investors are participating in investing in China’s infrastructure-themed public REITs, The Paper reported earlier.
Offline subscriptions for the REIT by individual investors could be oversubscribed by as much as 148 times, The Paper said, citing an offline price inquiry survey.
As of now, industrial zones run by the Lingang Group have gathered more than 10,000 high-tech corporations from both home and abroad, employing over 400,000 people and generating an output value of over CNY1.1 trillion (USD153.1 billion).
Source: Yicai
Application Status
| 04-16 | 21315227 | Processing |
| 03-12 | 21315226 | Processing |
| 09-26 | 21315225 | Processing |
Inquiry Status
| 02-29 | 02131558 | Received |
| 03-06 | 02131557 | Received |
| 11-14 | 02131556 | Received |
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