上交所持续推进持有型不动产ABS项目落地

Core Insights - The establishment of the "Taibao Asset - Century Internet Data Center Holding Type Real Estate Green Asset Support Special Plan" marks a significant innovation in the multi-level REITs market for internet data centers (IDC) with a total issuance scale of 860 million yuan [1] - This project is the first green holding-type real estate ABS in the national data center industry and the second holding-type real estate ABS product for data centers in the country, showcasing a practical case for enhancing financial services to the real economy [1] - The cash flow from IDC operations is stable and predictable, primarily derived from service fees during the contract period, aligning with the essential characteristics of ABS underlying assets [1] Industry Developments - The Shanghai Stock Exchange has developed a diversified product system including public REITs, holding-type real estate ABS, quasi-REITs, technology innovation special bonds, and exchangeable corporate bonds to match data center assets with appropriate financing channels [2] - Future efforts will focus on promoting the construction of the holding-type real estate ABS market, enhancing project implementation, and improving related mechanisms and supporting rules to drive high-quality development in this market [2]