On April 28, the highway public REITs initiated by CCCC—CAMC-CCCC Expressway Closed-end Infrastructure Securities Investment Fund ("CAMC-CCCC REIT") held a online listing ceremony in Shanghai Stock Exchange. Wang Tongzhou, Chairman of CCCC, congratulated on the successful listing of CCCC REIT via video.
In his speech, Wang Tongzhou said that the successful listing of CAMC-CCCC REIT is the latest achievement of CCCC in investment and financing, and an excellent example of practicing the new development concept and deepening financial innovation, which has multi-dimensional and multi-level significance. For CCCC, it is an important symbol of the combination of production and finance to help transformation and upgrading, and the listing is the result of the Company's transformation and upgrading, marking a new step in building a world-class enterprise featuring technology, management and quality. As for practicing national strategies, it is an important initiative for building a leading nation in transportation with practical actions. The CAMC-CCCC REIT has opened up a new model for the whole life cycle development of expressways and a new path for investment and financing mechanism, which is of great significance for CCCC to complete the task of building a leading nation in transportation and promote the sustainable development of transportation infrastructure. He said that CCCC will take this listing as a new starting point and a new opportunity to continue to play the role of financial innovation in supporting high-quality and stable growth and to be a watcher of REITs assets, a contributor to the combination of industry and finance and a quality service provider to economic and social development, contributing to the national economic and social development.
The CAMC-CCCC REIT is the first highway REIT of a central enterprise with the largest market scale, and its asset is the Jiayu-Tongcheng section of G0422 Wuhan–Shenzhen Expressway in Hubei Province, which is an important part of China's major north-south corridor. With a large population and developed economy along the project route and strong demand for road network, it is of great significance to promote the economic integration of Wuhan city circle and the rise of China's central region.