GDS-SW (09698) opened low but rallied higher today, surging over 4% in afternoon trading. As of press time, the stock gained 4.83% to HK$39.52 with trading volume reaching HK$517 million.

On the news front, China's National Development and Reform Commission recently issued the "Notice on Further Improving the Normalized Application and Recommendation of Real Estate Investment Trusts (REITs) in the Infrastructure Sector," introducing specific measures in areas including promoting market expansion, actively supporting additional fundraising, and strengthening project oversight.

Jefferies stated that newly listed REITs can apply for asset injection six months after IPO, meaning any acquisitions can be accelerated. This has incremental positive implications for both GDS Holdings Ltd and 21Vianet.

CITIC Securities previously published a research report noting that GDS Holdings Ltd attended strategy meetings to address investor concerns. Key highlights include: domestic data center business utilization rates continue to improve with increased new contract signings; the data center industry is in a cycle of supply-demand improvement; DayOne is actively implementing new projects in Europe and Southeast Asia, with hopes to achieve the goal of "signing 1GW capacity within 3 years"; successful issuance of China's first batch of data center REIT projects, receiving high market attention and reflecting capital market recognition of high-quality digital infrastructure assets.