In order to clarify market expectations and promote high-quality business development, the Shanghai Stock Exchange revised and issued the “Shanghai Stock Exchange Asset-Backed Securities Listing Conditions Application Guidelines No. 2 - Major Underlying Assets” on July 24. The current revision of the “Guidelines for Major Basic Assets” regulates the entry standards and information disclosure requirements for basic real estate assets in the form of a special chapter. The main points of the revision are: First, adding a section on basic real estate assets, filling the gaps in the guidelines regarding such basic assets, clarifying the definition and asset types of basic real estate assets, and regulating entry requirements for real estate project control, asset restructuring, and state-owned assets transfers. The second is to add a special section on inter-agency REITs to clearly name real estate ABs with equity characteristics as inter-agency REITs at the institutional level, and clarify product positioning and requirements with equity attributes.

In order to clarify market expectations and promote high-quality business development, the Shanghai Stock Exchange revised and issued the “Shanghai Stock Exchange Asset-Backed Securities Listing Conditions Application Guidelines No. 2 - Major Underlying Assets” on July 24. The current revision of the “Guidelines for Major Basic Assets” regulates the entry standards and information disclosure requirements for basic real estate assets in the form of a special chapter. The main points of the revision are: First, adding a section on basic real estate assets, filling the gaps in the guidelines regarding such basic assets, clarifying the definition and asset types of basic real estate assets, and regulating entry requirements for real estate project control, asset restructuring, and state-owned assets transfers. The second is to add a special section on inter-agency REITs to clearly name real estate ABs with equity characteristics as inter-agency REITs at the institutional level, and clarify product positioning and requirements with equity attributes.