VNET Issues China's First IDC Industry Real Estate Green Asset-Backed Security

VNET Group, a leading internet data center services provider in China, has successfully issued a holding-type real estate green asset-backed security under its private REIT project. This marks the first in China's IDC industry and will allow VNET to recycle capital, reduce leverage, and optimize its capital structure. The private REIT will be listed on the Shanghai Stock Exchange and will be subscribed by leading domestic institutional investors.