The country's first single port public offering REITs officially declared Jianxin Tianjin Lingang Port REIT leads a new breakthrough in asset securitization in the port industry.

　　Recently, the project "CCB Tianjin Lingang Development Group Port Closed Infrastructure Securities Investment Fund" (hereinafter referred to as "CCB Tianjin Lingang Port REIT") was officially submitted to the China Securities Regulatory Commission and the Shanghai Stock Exchange. The project initiator is Tianjin Lingang Investment Development Group Co., Ltd. (hereinafter referred to as "Tianjin Lingang Development Group"), the original equity holder is Tianjin Lingang Port Group Co., Ltd., and the fund manager is CCB Fund Management Co., Ltd. (hereinafter referred to as "CCB Fund"). As the nation's first port real estate investment trust fund (REITs), the advancement of this project marks an important breakthrough in the asset securitization of China's port industry, injecting new financial momentum into the construction of a maritime power.

　　Tianjin Lingang Development Group's subsidiary companies operate 14 terminal berths, involving types such as grain and oil terminals, general cargo terminals, and liquid terminals. With abundant asset reserves and solid operational capabilities, they are committed to providing strong support for the long-term returns of REITs.

　　Serving the national strategy, constructing a new pattern of port-industry-city integration

　　The terminal berths of Tianjin Lingang Development Group are located in the Dagukou Port Area of the Lingang region in the Tianjin Port Free Trade Zone, Binhai New Area, Tianjin. The Dagukou Port Area is situated in the central area of the Bohai Economic Zone, serving as an important grain import port and storage cluster in northern China, and the largest grain and oil food processing and reserve base in the north.

　　The Lingang region is a hub for marine engineering equipment and grain and oil processing enterprises, with significant competitive advantages in the industrial chain, forming a positive cycle of "promoting production through ports, thriving cities through production, and nurturing ports through cities." This model effectively amplifies the port's radiating effect on the economic hinterland, making the Lingang region not only a strategic point for ensuring food security in Beijing-Tianjin-Hebei but also a demonstration sample for deep integration of marine economy and urban development, providing a practical path for the implementation of the maritime power strategy.

　　Innovative financial tools, leading high-quality development of the port industry

　　Issuing port real estate investment trust funds is an important financial innovation to promote the industry's transformation and upgrading towards specialization, marketization, and internationalization. This move opens up new channels for equity financing by converting high-quality assets with stable cash flows into standardized financial products, profoundly reshaping the asset management model and value realization path of the port industry.

　　This project effectively revitalizes existing assets, helping enterprises quickly recover funds. The raised funds can be invested in upgrading ports and supporting facilities, forming a positive self-reinforcing cycle of "revitalization-investment-enhancement-revitalization," continuously strengthening the foundation for industry development.

　　This market-oriented operation mechanism simultaneously introduces more transparent and standardized constraints and incentives, further effectively promoting comprehensive improvement in operational efficiency and service capability. From an industry perspective, this model is conducive to the aggregation of resources towards high-efficiency operating entities, injecting strong capital power and institutional vitality into the integration and upgrading of the port industry and high-quality development, possessing significant industry demonstration value and strategic leading significance.

　　Practicing responsibility, creating a benchmark for asset securitization practice

　　As the core platform and important pillar of regional marine economic development, Tianjin Lingang Development Group has always taken the implementation of the national maritime power strategy and serving the coordinated development of Beijing-Tianjin-Hebei as its mission, deeply integrating into the national "two major" construction framework, and has long been deeply involved in port operations, investment construction, urban construction, urban operations, industry-finance integration, and marine resource development, constructing a full-chain service system integrating investment, construction, and operation.

　　In recent years, Tianjin Lingang Development Group has continuously deepened reform and transformation, promoting the assetization of state-owned resources and the securitization of state-owned assets according to local conditions. Through the financial tool of real estate investment trust funds, port assets are transformed into standardized, highly liquid financial capital, committed to realizing the flow and appreciation of value. This is a key measure for the group's transformation into a "state-owned capital investment operator" and provides a replicable practice sample for port enterprises to revitalize existing assets and achieve asset securitization.

　　This project has received high market attention and is expected to guide social capital to jointly participate in the long-term investment and operation of port assets, providing a replicable "Tianjin experience" for reform and innovation in the national port industry, fully demonstrating the demonstration effect of financial innovation, and further injecting continuous and stable financial momentum into the construction of world-class ports and serving the dual circulation pattern.

　　Next, Tianjin Lingang Development Group will continue to implement the maritime power strategy, relying on the resources and advantageous industries of the Tianjin Port Free Trade Zone Lingang region, implementing the second and third phases of port-industry integration projects, further enhancing and optimizing the four-in-one multimodal transport logistics system, and deeply promoting the integration and development of port-industry-city. Meanwhile, it will continuously strengthen the dual-wheel drive of "port operation + capital operation," deepen the application of financial tools, continuously enhance the capital strength and market competitiveness of enterprises, contributing "Lingang wisdom" and "Lingang solutions" to the construction of a modern development new pattern of deep integration of ports, industries, and capital. (cis)