Century Internet's inter-institutional REITs gradually implemented; Shanghai bond market continues to support the high-quality development of new infrastructure industries in computing power.

Shanghai Securities News China Securities Network News (Reporter He Xinyi) learned from the Shanghai Stock Exchange on March 6 that the “Guojin Asset Management - Century Hongyuan Data Center Holding Real Estate Asset-Backed Special Plan” and the “Guojin Asset Management - Century Ulan Data Center Holding Real Estate Asset-Backed Special Plan” (collectively referred to as the “Two Projects”) were successfully established on the SSE, with a total fundraising scale of 6.356 billion yuan, and both were listed on March 2.

This marks the second set of projects following the first green inter-institutional REITs for data centers nationwide. The successful issuance of these projects not only demonstrates the market’s high recognition of the value of high-quality underlying data center assets and sustainable business models but also establishes a new financing model led by “asset credit” in the tech innovation field. It sets a market benchmark for the development of data center REITs among institutions, effectively promotes the deep integration of the digital economy and capital markets, and supports the high-quality development of the new infrastructure industry for computing power.

A relevant person from Century Internet stated: “The data center industry is a typical heavy-asset model, characterized by large investment scale, long return cycles, and significant capital expenditure pressure. As an important financial tool to activate existing assets and promote healthy investment and financing cycles, inter-institutional REITs provide an efficient solution for optimizing data center asset allocation. The core role and unique advantages of this are fully demonstrated in these two projects.”

According to their introduction, both data centers adopt a “high power, low energy consumption” design, strictly conforming to the national trend of green and low-carbon development, achieving dual improvements in operating costs and environmental benefits. At the same time, the assets meet the “AI Ready” requirements, possessing core features such as high reliability, low latency, and high bandwidth, capable of fully supporting diverse computing power needs such as artificial intelligence and cloud computing, aligning with the trend of upgrading computing power demands in the digital economy era.

Meanwhile, the two assets are respectively located in the economically active Yangtze River Delta region and Inner Mongolia, an area rich in energy resources and with cost advantages, precisely aligning with the national “East Data West Computing” project and the layout of the national integrated computing power network, achieving optimized allocation of computing resources.