Harbin municipal government officially launched the new super-silver model of public asset securitization

Harbin Municipal Government Officially Starts the New REITS Model of Public Asset Securitization On February 21, 2017, the Harbin Municipal Government held a signing ceremony of strategic cooperation with the REITs research group of the Development Research Center of the State Council and Huili (Beijing) Investment Fund Management Co., Ltd. to officially launch the pilot project of REITs for public asset securitization in Harbin. Song Xibin, Vice Secretary of Harbin Municipal Committee, Mayor of Harbin, Kang Hanqing, Standing Vice Mayor of Harbin Municipal Committee, and Meng Xiaosu, Secretary-General Wang Bufang of the REITs Research Group of the State Council Development Research Center attended the signing ceremony. The REITs research group of the Development Research Center of the State Council conducted on-site training on REITS of state-owned assets securitization for municipal departments and related state-owned enterprises such as Harbin Finance Office, Development and Reform Commission, Finance Bureau, SASASAC, Land Bureau and Housing Administration Bureau, with excellent results and enthusiastic response.

The REITs Research Group of the Development Research Center of the State Council aims at securitizing public assets through REITS pilot projects, further revitalizing the stock assets of the government and state-owned enterprises, realizing the transformation and restructuring of financing platforms for market-oriented financing, and carrying out supply-side structural reforms from the financial source, which will be conducive to de-leveraging, reducing costs, filling shortcomings and more effective. Attract social capital to participate in urban construction and development.