China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit
SSZSE:1802037.09
CNY
+0.00
(-0.07%)
ISIN
CNE100006P97
Return %
Stock
S&P 500
1Y
-6.00
13.14
3Y
- -
80.78
5Y
- -
67.74
Capital Structure
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- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Shenzhen China
- IPO Date
- Nov 21, 2024
- Similar Companies
- Business
- China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit is an infrastructure-focused publicly traded real estate investment trust headquartered in Shenzhen, China. Established in 2024, the trust is managed by China Merchants Fund Management Co., Ltd. and sponsored by China Merchants Expressway Network & Technology Holdings Co., Ltd. (CMET), a core toll road operation subsidiary of state-owned China Merchants Group. The trust is dedicated to holding, operating, and managing high-grade transportation infrastructure assets in China, deriving stable operating revenue primarily from toll road concessions, vehicular access fees, and auxiliary roadside operations. The trust operates in the infrastructure and transportation asset management sector, with its underlying project asset comprising the Bozhou-Fuyang Expressway section located in Anhui Province, a key transportation corridor connecting northern and central Chinese logistics hubs. The trust provides comprehensive infrastructure operation and asset management services, categorized into: Electronic Toll Collection (ETC) and manual toll transit services for passenger cars, light commercial vehicles, freight carriers, and multi-axle logistics trucks; expressway maintenance and engineering services, including pavement rehabilitation, structural bridge and culvert upkeep, and preventative road safety enhancements; intelligent traffic management and emergency roadside response services, featuring dynamic surveillance, incident dispatching, and lane clearance; roadside ancillary infrastructure operations, including the management and leasing of highway service areas, gas stations, and commercial vehicle parking facilities; and infrastructure investment trust administration, encompassing unit capital management, investor relations, and statutory cash distribution services to retail and institutional unitholders. In recent developments, the trust successfully completed its initial public offering and commenced trading on the Shenzhen Stock Exchange under the ticker 180203 in 2024, raising dedicated capital to acquire 100% equity in the project entity holding the long-term concession rights of the Bozhou-Fuyang Expressway. Following its market listing, the trust implemented upgraded intelligent expressway systems, integrating automated tolling algorithms, high-definition traffic monitoring sensors, and digital asset maintenance tracking to optimize vehicular throughput and lower operational overhead. Furthermore, the fund established a strategic asset expansion pipeline in collaboration with its sponsor, China Merchants Expressway Network & Technology Holdings, positioning the trust to evaluate and acquire additional mature toll road concessions across national highway networks under China's evolving public infrastructure REIT framework.