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In 2026, the Shanghai Pudong Development Bank Head Office established a computing power industry ecosystem task force and listed the computing power industry as one of its key supported industries. An October 26, 2026 report by Shangguan News showed that, on this basis, the Shanghai Branch arranged project financing for the Vianet Ulanqab Cloud Intelligent Computing Center base project, covering 80% of the total investment of the three-phase project. The report said the project has been included in the key advancement pool of the Inner Mongolia hub node of the national "East Data, West Computing" initiative, and once completed will form gigawatt-level ultra-high-density intelligent computing capacity. Currently, public information only covers the establishment of the task force and the implementation of the above-mentioned project loan, with no subsequent progress disclosed.
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Oct 26
Shanghai Observer
SPD Bank's Computing Power Industry Ecosystem Task Force Supports VNET Ulanqab Intelligent Computing Center Project
In 2026, the head office of SPD Bank established a computing power industry ecosystem task force, listing the computing power industry as one of its key supported industries. Based on this, the Shanghai Branch arranged project loans covering 80% of the total investment for the three phases of the VNET Ulanqab Cloud Intelligent Computing Center base project. The project has been included in the key advancement pool for the Inner Mongolia hub node of the national "East Data, West Computing" initiative, and once completed, it will form gigawatt-level ultra-high-density intelligent computing capacity.