Building silver to be invested and set up a housing leasing fund, the fund fundraising scale is RMB 30 billion

On September 23, 2022, Construction Bank (601939.SH/00939.HK) issued an announcement of the establishment of a housing rental fund.

The announcement disclosed that the Construction Bank intends to invest in the establishment of a housing rental fund. The fundraising scale is RMB 30 billion. Among them, the Construction Bank subscribed to RMB 29.99 billion, and the bank's subsidiary CCB Trust Co., Ltd.'s wholly -owned subsidiary of CCTV Trust Co., Ltd. subscribed to RMB01 million.

According to the Construction Bank, the fund's target positioning and investment direction: By investing in the amount of assets of the housing enterprise, it is transformed into a rental housing, increasing the supply of long -term rental housing and affordable rental housing, and exploring a new model of real estate development with rent and purchase.

As for the possible impact of the investment, the Construction Bank stated that the company established a fund through the establishment of a fund to further promote the implementation of housing leasing strategies. Help explore a new model of real estate development and promote the stable and healthy development of the real estate industry.

At the same time, Construction Bank stated that the bank will also give full play to the group's advantages and promote the development of housing financial business to the development of both ends of rent -purchase and the transformation and upgrading of the service stock, forming an equity investment, asset mergers and acquisitions, credit support, leasing operation, REITS issuance The comprehensive housing financial service system, which is equal, continues to consolidate the company's differentiated competitiveness in the field of housing finance.

According to the Construction Bank, the investment has been reviewed and approved by the company's board of directors, and it has been approved by the China Banking Regulatory Commission.

However, given the bank's board of directors and approved the above proposal, the investment has not yet completed the relevant approval procedure and has uncertainty. According to relevant management regulations, the Construction Bank decided to suspend the disclosure of the investment and handled it in accordance with relevant regulations. Internal registration and approval procedures disclosed.

At the same time, the Construction Bank stated that the establishment of the fund needs to go through the necessary approval, filing, registration and other procedures in the relevant departments. The company attaches great importance to fund operation and management, and establishes relevant risk policy coordination mechanisms and decision -making procedures from the group level. A series of measures will be adopted to strengthen fund risk management and control.

Affected by various factors such as national policies, macroeconomics, industry cycles, investment targets, and investment management, the fund investment income has certain uncertainty, and investors are requested to pay attention.

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