Runde Technology and Wanguo Data Data Center REITs project has been approved.

On June 20th, the National Development and Reform Commission recommended the Runze Technology Data Center Project, the Wanguo Data Project, and two other infrastructure REITs for approval by the China Securities Regulatory Commission. These are the first batch of data center asset-type REITs projects in the country, and all are privately funded projects. The successful issuance and listing of these projects will help deepen the innovation of investment and financing mechanisms in the new type of infrastructure sector, expand financing channels for private enterprises, and further boost confidence in private investment. As of now, the National Development and Reform Commission has recommended a total of 92 infrastructure REITs projects to the China Securities Regulatory Commission, with 70 projects already issued and listed, raising a total fund amount of 179.4 billion yuan, and is expected to drive new project investments exceeding 1 trillion yuan.