Chen Hongfei: launched commercial REITs as soon as possible, which can provide the source of funds "Boao on the Boao Discussion House" for the belonging to the insurance.

China Times (chinatimes.net.cn) reporter Li Beibei, a reporter Liang Baoxin Guangzhou, reported

"The regulators should launch commercial REITS products as soon as possible, which can provide a source of funds for the belongings." Chen Hongfei, President of Gejiabao and Chairman of Guangda Da'an Stone, and CEO Chen Hongfei. On August 9th, Chen Hongfei delivered a speech on the 2022 Boao Real Estate Forum, hosted by the real estate agency and the Huaxia Times and other co -sponsored by the Huaxia Times.

You can provide a source of funds for the belongings

Chen Hongfei believes, "China's REITS is very important, this is mainly because we are public ownership, and at the same time need overall holding to operate. Public ownership is most suitable for holding assets with REITs. Through securitization methods Investors. At the same time, through REITs, everyone can understand the logic of accounting. "

In the logic of accounting, Chen Chen pointed out, "The practitioners in our industry do not settle accounts. If there is no account, the big account will calculate you in." For this reason, Chen Hongfei also gave an example. There are a number of third- and fourth -tier cities. There are a number of third- and fourth tier cities. The demand for transformation, renewal, and improvement, but these cities do not have continuous employment. At the same time, some of these cities are naturally generated by improving real estate. After building the house, this part (person) go home to plant land to rest.

"You can't build a house next to it because you can't build a house. Otherwise, you don't have to settle accounts. Whether it is business or a house, you must settle accounts, start construction carefully, save resources and save labor time. "Chen Hongfei said.

In addition, Chen Hongfei also called on the regulators to launch a commercial REITS product as soon as possible from the perspective of "the importance of China REITs" and "REITs allowed everyone to understand the logic of accounting."

There must be an open market for commercial real estate

Chen Hongfei pointed out that the most important benchmark of commercial real estate is to have an open market, that is, REITs.

"In fact, our PE market also depends on the secondary market of stocks. The real estate private equity market will eventually rely on the REITS market. With the REITS market People can invest in private equity products. It is important to have a public offering benchmark. "Chen Hongfei said.

At the same time, Chen Hongfei also hopes to promote the REITS market in the mainland. "If it can be opened, its business cost will be lower."

"China's REITs market will really have a foundation, allowing private equity funds and asset management to hold these commercial properties as a whole." Chen Hongfei said.

When it comes to listed companies REITs, Chen Hongfei thinks that only one mobile market will have IPO, Pre-IPO, PE/VC. At the same time, he also conceived, assuming that REITS is liberalized, what can the main body of listed companies do?

"A typical Pre-REITS is not enough for REITs assets. We will put it in listed companies to hatch. Therefore, the potential returns of listed companies will be higher than the return of mature REITs. This is our overall business opportunity in the future." Chen Hongfei said.

It is worth noting that Chen Hongfei also pointed out that China's real estate market still has a large total market. This is mainly based on the current 1.4 billion people in China. Assuming that the population declines afterwards, it will stabilize a house of 30 square meters per person. At the same time, the house needs to be updated every 30 years. "If 30 square meters per person and change in 30 years, it is one square meter per person, about 1.2 billion square meters, which is still a large total market." Chen Hongfei said.

Editor -in -chief: Zhang Bei Editor: Zhang Yuning

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