Standardize and efficiently implement the application and recommendation of real estate investment trust (REITs) projects in the field of infrastructure

6. Strengthen operation and management

(17) Fully understand the importance of operation management. Strengthening the operation and management of infrastructure REITs projects is conducive to better providing public goods to the society and protecting public interests. It is conducive to improving the quality of project operation and earning capacity, and protecting the interests of investors; It is beneficial to realize the organic unity of the public attribute and the economic attribute of the project, and ensure the stable and healthy development of the infrastructure REITs market.

(18) Focus on project operation sustainability. The operation management organization shall, in accordance with the project situation, innovate the operation mode according to law and compliance, formulate the operation plan scientifically and reasonably, do a good job in updating and maintaining the underlying assets, and ensure the sustainability of the project operation and income. We should actively adopt new technologies, new processes and new materials to improve operation quality, reduce operating costs and ensure project profitability. Efforts should be made to innovate the business model, tap the commercial value of the project, broaden the source of project income, and enhance the market value of REITs products.

(19) Strengthen guidance on asset operation management. When the fund manager discloses the annual operation situation to the fund investors every year, the relevant information shall be copied to the Commission and the relevant provincial development and reform Commission; In case of major unexpected events affecting asset value and project income, a copy shall be sent in time after the relevant information disclosure procedures. Relevant provincial development and reform commissions should strengthen assistance and guidance for projects with major problems, and put forward opinions and suggestions. Infrastructure REITs newly purchased projects should be linked to the actual operational performance of the issued projects, the operational performance is seriously inconsistent with expectations, cause a large negative public opinion or major production and operation safety accidents, should be suspended the new purchase project arrangement.