On May 22, Beijing Energy International was invited to attend the Stabilization Fund Signing Ceremony and REITs Investment Exchange Conference jointly hosted by Shoucheng Holdings, China Life, and Chasing Jixiang Life Insurance Co., Ltd. Liu Dongsheng, Vice President of Beijing Energy International, attended the event and delivered a speech. The event was also attended by Wang Huawei, Member of the Standing Committee and Executive Deputy District Mayor of Dongcheng District, Beijing; Liu Jian, Chief Investment Officer of Shoucheng Holdings; Zhang Fengming, Party Secretary and President of China Life Investment Management Company Limited; Zhao Tianyang, Vice President of Shougang Group and Chairman of Shoucheng Holdings; Yang Guang, Party Secretary and Chairman of Chasing Jixiang Life Insurance Co., Ltd.; along with original REITs asset owners, fund managers, and industry experts.
During the event, Liu Dongsheng, together with attending leaders and experts, witnessed the signing and official establishment of the Stabilization Infrastructure Real Estate Equity Investment Fund in Dongcheng District. He also shared forward-looking perspectives on the issuance of new REITs projects, analyzing investment opportunities and industry challenges, and explored sustainable development pathways for REITs. He stated that the follow-on offering of AVIC Jingneng Photovoltaic REIT is progressing steadily. The proposed new infrastructure assets to be acquired are the Sujiahekou Hydropower Station and Songshanhekou Hydropower Station in Baoshan City, Yunnan Province, with a total installed capacity of 483 MW. The application has been accepted by the Shanghai Stock Exchange and will be implemented promptly upon regulatory approval.
As publicly offered REITs enter the stage of regular issuance, incorporating new projects into listed REITs through follow-on offerings is expected to become a mainstream trend in the industry. Beijing Energy International will continue advancing follow-on offering preparations to inject new momentum into the REITs market.
