Shoucheng Holdings (00697) has announced that a company under its wholly-owned subsidiary recently participated in investments into two significant commercial real estate investment trusts (REITs).
The investments are in the Guotai Haitong Sasseur Closed-end Commercial Real Estate Investment Trust and the China Securities Co., Ltd. Shounong Closed-end Commercial Real Estate Investment Trust. These strategic moves are expected to help stimulate consumer spending upgrades, integrate financial services with the real economy, and contribute positively to deepening industrial-finance synergy and fostering high-quality economic growth.
Key Information on the First REIT
Sasseur Group, the underlying asset operator, is a major international chain outlet mall operator known for its pioneering "Artistic Commerce, Super Outlets" concept. It is recognized as a leading brand driving the global outlet industry.
The Guotai Haitong Sasseur Commercial REIT is backed by the Sasseur (Xi'an) Outlets project, one of the largest and most modern outlet complexes in Northwest China. The successful listing of this REIT represents a significant step in boosting domestic demand and advancing the REIT market, contributing to the sustained recovery of the national economy.
Key Information on the Second REIT
Beijing Shounong Food Group Co., Ltd., the related entity for the second REIT, is a large state-owned agricultural and food enterprise under the Beijing municipal government. It operates across farming, food processing, logistics, real estate, and asset management, ranking among the top players in China's agricultural food sector.
The China Securities Co., Ltd. Shounong Commercial REIT is secured by the Longde Plaza project in Beijing's Changping District, which is noted for its high-quality assets and sustainable operational capabilities. The successful listing of this trust marks a solid advancement in revitalizing existing assets and attracting social capital, further promoting consumption upgrades and energizing the consumer market.
Future Strategic Direction
Shoucheng Holdings stated it remains committed to expanding its investment footprint in China's smart infrastructure asset sector. Leveraging its full-industry-chain synergies and first-mover advantage in REITs, the company aims to deepen the integration of finance and the real economy. It plans to continue strengthening collaborations with top-tier commercial operators and industrial partners, accelerating its transition into a smart infrastructure asset service provider to generate long-term value and sustainable returns for its shareholders.