Recently, Daxin's client Penghua Shenzhen Energy Clean Energy Closed Infrastructure Securities Investment Fund (hereinafter referred to as "Penghua Shenzhen Energy REIT") received the approval of the China Securities Regulatory Commission for registration, and the no-objection letter of the transfer in terms of the Shenzhen Stock Exchange's listing of the fund and special plans, which is about to begin public sale.
The Chinese members of Daxin, as the auditing agency and cash flow forecasting agency of Penghua Shenzhen Energy REIT, assist the project to successfully complete the entire application process.
On June 21, 2021, the first batch of publicly offered REITs in China were successfully listed. The types of infrastructure assets cover transportation, municipal, ecological and environmental protection, warehousing and logistics, and parks.
On June 29, 2021, the National Development and Reform Commission issued the "Notice on Further Doing a Good Job in the Pilot Program of Real Estate Investment Trusts (REITs) in the Infrastructure Sector". On the basis of the success of the pilot, industries such as energy, affordable rental housing, water conservancy, and tourism will be included in the scope of the pilot.
"Penghua Shenzhen Energy REIT" is the first publicly offered REITs product in the expansion new industry, and also the first publicly offered REITs product in China's energy industry.
The successful approval of this product is a milestone for China's publicly offered REITs market.