The "CCB Tianjin Lingang Development Group Port Closed-end Infrastructure Securities Investment Fund" project has been officially submitted to the China Securities Regulatory Commission and the Shanghai Stock Exchange. The project initiator is Tianjin Lingang Investment Holding Group Co., Ltd., with the original equity holder being Tianjin Lingang Port Group Co., Ltd. The fund manager is CCB Fund Management Co., Ltd. As the nation's inaugural port real estate investment trust, this project's advancement signifies a major breakthrough in asset securitization for China's port industry, injecting new financial momentum into the development of a strong maritime nation.
The companies under Tianjin Lingang Investment Holding Group operate 14 berths, including terminals for grains and oils, general cargo, and liquefied products. With substantial asset reserves and robust ongoing operational capabilities, the group is committed to providing strong support for the REIT's long-term returns.
The berths operated by Tianjin Lingang Investment Holding Group are located in the Dagukou Port Area within the Lingang zone of the Tianjin Port Free Trade Zone in Binhai New Area, Tianjin. Situated in the center of the Bohai Rim economic region, the Dagukou Port Area is a crucial grain import port and storage cluster in Northern China, as well as the region's largest base for grain, oil, and food processing and storage.
The Lingang area hosts a concentration of enterprises in sectors such as marine engineering equipment and grain and oil processing, giving it significant competitive advantages within the industrial chain. It has established a virtuous cycle of port-industry-city integration, characterized by "using the port to promote industry, using industry to revitalize the city, and using the city to nurture the port." This model effectively amplifies the port's radiating and driving effects on its economic hinterland. It has not only made the Lingang area a strategic pivot for ensuring food security in the Beijing-Tianjin-Hebei region but also a demonstrative example of deeply integrating the maritime economy with urban development, providing a practical pathway for implementing the national strategy of building a strong maritime nation.
The issuance of a port real estate investment trust represents a significant financial innovation aimed at driving the industry's transformation towards greater specialization, marketization, and internationalization. By converting high-quality assets with stable and continuous cash flows into standardized financial products, this initiative opens up new channels for equity financing and profoundly reshapes the asset management models and value realization pathways within the port industry.
By effectively revitalizing existing assets, this project helps enterprises quickly recoup funds. The raised capital can be directed towards upgrading port facilities and related infrastructure, thereby establishing a virtuous cycle of "revitalization-investment-improvement-further revitalization" that continuously strengthens the industry's foundation.
This market-oriented operational mechanism simultaneously introduces more transparent and standardized constraints and incentives, which will further effectively promote comprehensive improvements in operational efficiency and service capabilities. From an industry perspective, this model facilitates the concentration of resources towards highly efficient operators, injecting strong capital impetus and institutional vitality into the consolidation, upgrading, and high-quality development of the port sector, demonstrating significant exemplary value and strategic leadership.
As a core platform and key pillar for regional maritime economic development, Tianjin Lingang Investment Holding Group consistently fulfills its mission of implementing the national strategy for a strong maritime nation and serving the coordinated development of the Beijing-Tianjin-Hebei region. It is deeply integrated into the national push for major projects and enhances its capabilities for self-reliance, with long-term expertise in port operations, investment and construction, urban development, urban operations, industrial-financial integration, and marine resource development, having established an integrated service chain covering investment, construction, and operation.
In recent years, Tianjin Lingang Investment Holding Group has continuously deepened reforms and transformation, promoting the conversion of state-owned resources into assets and the securitization of state-owned assets according to local conditions. Utilizing the REIT financial instrument to convert port assets into standardized, highly liquid financial capital is a key move in the group's transition towards becoming a "state-owned capital investment and operation company." It also provides a replicable practical model for port enterprises seeking to revitalize their existing assets and achieve asset securitization.
This project has garnered significant market attention and is expected to guide social capital to participate in the long-term investment and operation of port assets. It offers a replicable "Tianjin experience" for reform and innovation within the national port industry, fully demonstrating the exemplary effects of financial innovation. Furthermore, it will inject sustained and stable financial momentum into building world-class ports and serving the dual-circulation development pattern.
Moving forward, Tianjin Lingang Investment Holding Group will continue to implement the strategy of building a strong maritime nation. Leveraging the resources and advantageous industries of the Lingang area within the Tianjin Port Free Trade Zone, it will proceed with the second and third phases of port-industry integration projects. These efforts aim to further enhance and optimize the integrated four-mode intermodal logistics system and deepen the integrated development of the port, industry, and city. Concurrently, the group will continue to strengthen the dual-drive mechanism of "port operations + capital operations," deepen the application of financial instruments, and consistently improve its capital strength and market competitiveness, contributing "Lingang wisdom" and "Lingang solutions" to constructing a new, modern development pattern characterized by the deep integration of ports, industry, and capital.