The Securities Regulatory Commission issued a notice on work related to promoting the high-quality development of the real estate investment trust fund market, which mentions improving the full-chain supervision mechanism. Follow the rules and risk characteristics of REITs, improve the full-chain supervision system covering due diligence, issuance and pricing, listing transactions, asset operation management, and information disclosure, and strengthen penetrating supervision of the quality, operation management, and governance levels of real estate assets. The Securities Regulatory Bureau should adhere to problem and risk orientation, do a good job of daily supervision and risk monitoring and handling of REITs, and promptly detect and handle illegal violations and risk incidents. Stock exchanges should strictly control the issuance and listing of REITs through review and inquiry, on-site supervision, on-site inspection, etc., and do a good job of self-regulatory supervision such as listing transactions, information disclosure, and risk monitoring, so as to effectively maintain the smooth operation of the market. Securities industry associations and fund industry associations should strengthen the self-regulatory management of REITs participants such as fund managers, financial advisors, and offline investors. Strengthen the application of science and technology supervision.

The Securities Regulatory Commission issued a notice on work related to promoting the high-quality development of the real estate investment trust fund market, which mentions improving the full-chain supervision mechanism. Follow the rules and risk characteristics of REITs, improve the full-chain supervision system covering due diligence, issuance and pricing, listing transactions, asset operation management, and information disclosure, and strengthen penetrating supervision of the quality, operation management, and governance levels of real estate assets. The Securities Regulatory Bureau should adhere to problem and risk orientation, do a good job of daily supervision and risk monitoring and handling of REITs, and promptly detect and handle illegal violations and risk incidents. Stock exchanges should strictly control the issuance and listing of REITs through review and inquiry, on-site supervision, on-site inspection, etc., and do a good job of self-regulatory supervision such as listing transactions, information disclosure, and risk monitoring, so as to effectively maintain the smooth operation of the market. Securities industry associations and fund industry associations should strengthen the self-regulatory management of REITs participants such as fund managers, financial advisors, and offline investors. Strengthen the application of science and technology supervision.