HK Stock Market Move | GDS-SW(09698) rises by over 4% again, National Data Infrastructure Construction Guide Released, Data Centers expected to accelerate construction and integration.

GDS-SW (09698) rose by over 4%, reaching a 3.9% increase to HK$24 as of the time of writing, with a trading volume of HK$34.3689 million. In terms of news, the National Development and Reform Commission and two other departments have issued the "National Data Infrastructure Construction Guidelines". It is proposed that by 2029, the national data infrastructure construction and operational mechanism will be basically established. Huaxi pointed out that with the increasing demand for AI computing power and the focus of operators and internet Capex on intelligent computing centers, as well as the national policy promoting the strengthening of computing power cluster layout, large and super-large computing hub nodes' data centers are expected to accelerate construction and integration, with related beneficiary companies including Wanguo Data. It is reported that since 2016, Wanguo Data has further expanded the coverage of data centers in core cities in China, including the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, the Central China region, the Guangdong-Hong Kong-Macau Greater Bay Area, Inner Mongolia, the Southwest region, etc. Since 2021, the company has started to expand into Southeast Asian markets such as Singapore, Malaysia, and Indonesia, gradually forming a strategic area including Singapore-Johor-Batam Island. In 2024, the company will expand into the market of the Fuchu City in Japan, entering the data center market in Northeast Asia.