On July 10, 2020, the 4th Annual China Real Estate Asset Securitization & REITs Summit successfully concluded in Shanghai. Sponsored by Total Finance, and organized by China Real Estate Association’s (CREA’s) Real Estate Finance and Housing Provident Fund and Guarantee Research Branch,, China REITs Alliance, Asia Pacific Real Estate Association (APREA), and the Research Center for Real Estate Investment Trusts (RCREIT), the summit drew more than 300 industry experts, scholars and real estate finance and asset management professionals. Participants actively provided insights and perspectives on the promotion of real estate asset securitization and the development of publicly-offered REITs.
Qin Maoxian, a partner at Jingtian & Gongcheng, was invited to attend the summit and participate in a roundtable discussion on the topic “Promoting China’s Publicly-Offered REITs.” On April 30, 2020, the China Securities Regulatory Commission (CSRC) and the National Development and Reform Commission (NDRC) jointly issued “Notice on Promoting the Pilot Work of REITs in the Infrastructure Sector,” which marked the official launch of Chinese publicly-offered REITs. Partner Qin Maoxian and four other participants from various fields, leveraged their experience and expertise, to discuss their insights on the industry. Specifically, the group discussed the impact and effects on China’s financial system brought about by the introduction of publicly-offered REITs, solutions to the potential lack of liquidity and depreciation of publicly-offered REITs, and the impact of China’s real estate asset management methodology. All participants shared their optimistic expectations for the future of publicly-offered REITs.. China’s persistent challenges with housing price regulations and its real estate market are expected to be resolved by REITs, as their design and mechanisms are beneficial to sustainably develop the economy. This roundtable discussion presented a solid platform to discuss varying viewpoints and provide new ideas for the development of REITs.
To effectively evaluate the financial institutions and real estate companies that have made outstanding contributions in real estate asset securitization from 2019 to the first half of 2020, and to create industry benchmarks and case studies, the conference singled out a select few outstanding institutions and industry representatives for commendation. Jingtian & Gongcheng won the following awards for outstanding professional standards and exemplary legal services in real estate asset securitization:
◈ “Legal Counsel of the Year”
◈ “Best CMBS of the Year”
“Haitong-Huatai-Sinar Mas Plaza Asset-Backed Special Plan”
“CICC-Sinar Mas Group ARCH Asset-Backed Special Plan” Project
◈“Quasi-REITs of the Year”
“CITIC Goldstone-Chengdu Suning Plaza Asset-backed Special Plan” Project
◈ “Person of the Year in Real Estate Asset Securitization”
Qin Maoxian, Partner at Jingtian & Gongcheng
Jingtian & Gongcheng is one of the first law firms to provide legal services relating to asset securitization in China.
After years of development, Jingtian & Gongcheng has formed a highly capable, legal service team for asset securitization that is innovative, knowledgeable about regulatory policies, and has deep practical experience.
Jingtian & Gongcheng Asset Securitization team has extensive research and project experience with credit asset securitization, enterprise asset securitization, asset-backed notes and projects under different regulatory rules.
Jingtian & Gongcheng’s asset securitization experience ranges across different types of assets, including credit assets, accounts receivable, intellectual property rights, public utility charging rights, notes income rights, property management, road and bridge charging rights, trust beneficiary rights, tourist attractions tickets, non-performing assets, balance payment for property, property rent, and infrastructure, all of which fully reflect our firm’s profound understanding of and innovative ability to provide legal services for different types of asset-backed securities.
