VNET Group (VNET.US) saw its stock price surge by 5.14% in pre-market trading on Tuesday, following the announcement of a groundbreaking financial achievement. The company successfully issued the "CPIC Asset - VNET Data Center Holding-Type Real Estate Green Asset-Backed Securities (ABS) Special Plan," marking the first green holding-type real estate ABS in China's data center industry.

This innovative financial instrument, with an issuance size of RMB 860 million, represents a significant milestone for VNET Group in green finance and asset securitization. The ABS received the highest G-1 rating from a professional third-party evaluator under the green ABS assessment framework, underscoring its alignment with China's dual-carbon strategy. Major institutional investors, including China Pacific Insurance Group, have subscribed to the primary product shares, signaling strong market confidence in VNET's future prospects.

The successful ABS issuance is expected to have far-reaching implications for VNET Group's financial flexibility and growth potential. By effectively monetizing its existing IDC assets, the company can free up capital for technology upgrades, capacity expansion, and M&A integration. This strategic move not only improves VNET's operational and capital efficiency but also positions the company as a leader in sustainable development within the data center industry. As VNET Group continues to explore industry-specific financial innovations and advance green and intelligent upgrades in its data centers, investors appear optimistic about the company's ability to drive high-quality growth in this critical sector.