First single risk investment public rental housing project approved

Xinhua News (reporter Chen) yesterday learned that the Pacific Asset Management company launched the "Pacific-Shanghai Public Rental housing project debt Investment Plan" officially through the CIRC's record.　　The debt investment plan is the first real estate creditor investment plan after the promulgation of the Insurance fund investment real estate interim measures. "Pacific-Shanghai Public Rental housing project debt Investment Plan" plan to raise capital of 4 billion yuan, mainly for Shanghai Real Estate (Group) Co., Ltd. in Shanghai, the construction of about 500,000 square meters of public rental housing projects, the project will effectively alleviate the young workers in Shanghai, The introduction of talent and migrant workers and other resident population of the stage of difficult living. Because the public rental housing project belongs to the subsidized house, the social benefit of the project itself is higher than its economic benefit. The Pacific Asset Management company has designed a floating rate mechanism with guaranteed income and no capping income for the debt investment Plan, while supporting the Commonweal project, it will guarantee the more reasonable investment return of the insurance funds.