National Development and Reform Commission: Actively promote the further expansion of infrastructure REITs
2025-11-28
On November 27th, Li Chao, Deputy Director and spokesperson of the Policy Research Office of the National Development and Reform Commission, stated at the Commission's November press conference that the Commission is actively promoting the expansion of infrastructure REITs to more industries and asset types such as urban renewal facilities, hotels, sports venues, and commercial office facilities. Li Chao introduced that since the launch of infrastructure REITs work in 2020, the National Development and Reform Commission, together with the China Securities Regulatory Commission, has continued to promote the expansion of the infrastructure REITs market by supporting more eligible projects to be issued and listed. In the initial stage of work, warehouse logistics, toll roads, municipal facilities, industrial parks, etc. will be included in the scope of issuance; Subsequently, on this basis, industries and asset types such as clean energy, data centers, affordable rental housing, water conservancy facilities, cultural tourism, and consumer infrastructure were gradually added. At present, the issuance scope has covered 52 asset types from 12 major industries, of which 18 asset types from 10 industry sectors have achieved their first listing. ”Li Chao said. Li Chao revealed that recently, the National Development and Reform Commission is actively promoting the further expansion of infrastructure REITs to more industries and asset types such as urban renewal facilities, hotels, sports venues, commercial office facilities, etc. At the same time, we will continue to strengthen collaboration and cooperation with the China Securities Regulatory Commission, further optimize the application and recommendation process, dynamically improve relevant project application requirements, enhance work quality and efficiency, and support more eligible projects to be issued and listed on the basis of strict risk prevention and quality control, in order to better promote infrastructure REITs to support the development of the real economy. Regarding how to promote the healthy and orderly development of the embodied intelligence industry by establishing a sound entry and exit mechanism, Li Chao stated that in recent years, under the dual role of innovation leadership and demand release, the embodied intelligence industry represented by humanoid robots is experiencing a leapfrog development with a growth rate of over 50%. At present, humanoid robots are not fully mature in terms of technology roadmap, commercialization model, application scenarios, etc. With the acceleration of emerging capital entering the market, there are currently more than 150 humanoid robot companies in China, and this number is still increasing. However, efforts should also be made to prevent risks such as high repetition of products being 'clustered' on the market and R&D space being compressed, "said Li Chao. Li Chao stated that currently, the National Development and Reform Commission, in conjunction with relevant departments, has conducted in-depth research and carried out systematic planning around strengthening policy guidance, accelerating technological breakthroughs, and promoting the application of achievements. Next, we will combine the preparation of relevant special plans for the 15th Five Year Plan to promote the healthy and standardized development of the embodied intelligence industry. Specifically, Li Chao introduced that efforts will be made to accelerate the construction of industry standards and evaluation systems, establish and improve the admission and exit mechanisms for embodied intelligence industries, create a fair competitive market environment, and ensure the orderly development of the industry. Accelerate the research and development of key core technologies, support enterprises, universities, research institutions, and other organizations to collaborate on "big and small brain" models, adapt computing power between cloud and end computing, and integrate simulation and real machine data to solve industry bottlenecks. Promote the construction of infrastructure such as training and pilot platforms, facilitate the integration and open sharing of embodied intelligence technology and industrial resources nationwide, and accelerate the practical application of embodied intelligence in real-world scenarios. The "15th Five Year Plan" proposes the layout of emerging and future industries such as low altitude economy, biomanufacturing, and embodied intelligence to promote reforms in three aspects: access, scenarios, and elements. Regarding how to coordinate and solve the obstacles that these industries may encounter in the development process, such as industry access and lack of standards, Li Chao stated that the next step will be to work together with relevant departments and localities to promote the reform of "access, scenarios, and factors", continuously break through the bottlenecks and bottlenecks that restrict industrial development, and strengthen the institutional supply that promotes the development of new quality productivity. Optimize the market access environment and continuously increase vitality. Li Chao said that by optimizing the market access environment and promoting the relaxation of market access, we will guide localities to deepen exploration in standard supply, access mechanisms, approval efficiency, and other aspects, and form a benign regulatory model that emphasizes both "openness" and "good management". Support scenario cultivation and openness, continuously increasing efficiency. Li Chao stated that he supports the construction of a number of comprehensive major scenarios, integrated scenarios in industry fields, and high-value small incision scenarios, and leverages the experimental role of scenarios in institutional construction to gradually improve institutional policies, management rules, and regulatory systems. When conditions are ripe, they will be solidified into long-term arrangements such as laws and regulations. Optimize the factor guarantee mechanism and continuously increase momentum. Li Chao stated that with the comprehensive reform pilot of market-oriented allocation of factors as the driving force, we will explore innovative new market-oriented allocation methods for factors such as aerospace, deep-sea, and spectrum orbit, and enable various advanced and high-quality factors to flow smoothly towards the development of new quality productivity. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:China Securities Journal
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