Core Insights - The Southern Universal Data Center REIT was officially listed on the Shanghai Stock Exchange on August 8, raising a total of 2.4 billion yuan, marking it as one of the first new infrastructure REITs in the country and the first on the Shanghai Stock Exchange [1] Group 1 - The listing ceremony highlighted the transformation of Huqiao from an agricultural town to a business new city, with Universal Data establishing itself as an industry benchmark over the past 16 years [3] - Universal Data is the leading third-party data center operator in China, having ranked first in the China Academy of Information and Communications Technology's service provider list for five consecutive years [3] - The underlying asset of the Southern Universal Data Center REIT is the Guojin Data Center located in the Huqiao Economic Development Zone, which serves as a critical "computing power base" for the digital economy [3] Group 2 - The Guojin Data Center consists of two buildings with a total of 4,192 server cabinets, providing data center space and hosting services, achieving a 100% average signing rate over the past three years [4] - The successful listing of the Southern Universal Data Center REIT represents Huqiao's continued efforts to integrate with the capital market, following the earlier issuance of the AVIC Easy Business Warehousing Logistics REIT [5] - Huqiao aims to leverage its advantages of over 850 investment institutions and more than 110 billion yuan in managed capital to create a digital financial cluster near Shanghai, enhancing investment and financing mechanisms in the new infrastructure sector [5]