Qingdao West Coast Public Utilities Group Inter-Agency REITs Officially Listed with an Issuance Scale of 1 Billion Yuan

2026-03-06 09:32:35

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Ruisi News: On March 5th, the “Guotai Haitong Asset Management - Qingdao West Coast Public Utilities Holding Real Estate Asset-Backed Special Plan” was officially listed on the Shenzhen Stock Exchange. This is the first institutional REIT in China based on heating assets and the first institutional REIT issued by Shandong Province on the Shenzhen Stock Exchange.

The original equity holder of this institutional REIT is Qingdao West Coast Public Utilities Group Co., Ltd. The planned manager is Shanghai Guotai Haitong Securities Asset Management Co., Ltd. The underlying assets include the first pipeline network for district heating held by Qingdao West Coast Public Utilities Group in the West Coast New Area, with an issuance scale of 1 billion yuan.

Through this issuance, Qingdao West Coast Public Utilities Group further revitalizes its existing heating pipeline infrastructure assets, effectively alleviating the financial pressure of upgrading the “one network, multiple sources” smart heating system and green low-carbon transformation projects. It optimizes the company’s asset-liability structure, using capital to safeguard people’s warmth and improve urban quality, paving a new path for the positive interaction between social welfare and industrial development.

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