Leading IDC companies have joined forces with large insurance funds, and Taiping Asset's CenturyLink IDCC holding real estate ABS has been accepted by the Shanghai Stock Exchange.

On February 21, the Taipai Asset - VNET Data Center Holding Real Estate Asset Support Special Plan was approved by the Shanghai Stock Exchange. According to the disclosure on the Shanghai Stock Exchange's bond project information platform, the original right holder of this project is Beijing VNET Broadband Data Center Co., Ltd.; the plan manager is Pacific Asset Management Co., Ltd. This project is a real estate ABS with a proposed issuance amount of RMB860 million. VNET (VNET.US) was founded in 1996, a leading digital new infrastructure enterprise and the first US-listed IDC company in China. VNET is committed to providing customers with industry-leading data centers, intelligent computing centers (AIDC), networks, and cloud computing exchange connections, hybrid delivery and other comprehensive services and solutions based on data centers, to build a digital infrastructure operation platform with core technology, super-large-scale operation capabilities, and high value-added. As of now, VNET operates more than 50 data centers in over 30 cities in China, with a base business operating capacity of 358MW and more than 52,000 operating cabinets in urban business. VNET