HK Stock Market Move | ITC Properties (00199) rose more than 5%, and a 1GW super computing power base was established in Nantong to accelerate the layout of AI infrastructure.

ITC PROPERTIES (00199) rose more than 5%, reaching a 5.61% increase at the time of reporting, trading at 2.26 Hong Kong dollars, with a turnover of 6.5622 million Hong Kong dollars. On the news front, ITC PROPERTIES announced that the company has signed a memorandum of understanding on investment and construction cooperation for the Yangkou Port Green AI Computing Center with the Jiangsu Rudong Yangkou Port Economic Development Zone Management Committee. The two parties plan to cooperate in investment and construction based on the advantages of the Yangkou Port area, focusing on green artificial intelligence computing infrastructure, computing resource operation platforms, and related supporting industries. It is worth noting that the initial planning for the collaborative project has a total IT load of approximately 1GW. According to the plan, the project will be implemented in stages over approximately five years using a strategy of "overall planning, phased implementation, rolling operation, and market-oriented operation." The first phase of the project plans for a 200MW green AI computing center. This indicates that DeXiang's layout this time is not an ordinary IDC project, but rather a new scale forming in the global AI infrastructure competition.