“十五五”规划建议发布，突出科技创新引领作用

Core Viewpoint - The report highlights the release of the "Suggestions" by the Central Committee of the Communist Party of China, which outlines the strategic direction for China's economic and social development during the 15th Five-Year Plan period [2][3]. Industry Insights - The "Suggestions" affirm the significant achievements in technological innovation during the 14th Five-Year Plan, emphasizing the acceleration of breakthroughs in the new round of technological revolution and industrial transformation, particularly in artificial intelligence [3][4]. - The report indicates that major cloud service providers and telecom operators are increasing capital expenditures to enhance computing infrastructure, supporting the large-scale commercialization of AI applications in China [3][4]. - The "Suggestions" stress the importance of self-reliance in technology and the need to advance key core technologies, particularly in the semiconductor industry, to navigate complex international trade and technology environments [4][5]. Investment Highlights - The report suggests focusing on investment opportunities arising from advancements in AI technology, improvements in computing capabilities, and the large-scale application of these technologies [8]. - It emphasizes the acceleration of the domestic substitution process in the semiconductor industry, which is expected to create significant investment opportunities [8]. - The report identifies strategic emerging industries such as new energy, new materials, aerospace, and future industries like quantum technology and biomanufacturing as key areas for investment during the 15th Five-Year Plan [8][6]. - The development of the data industry and the construction of a digital strong nation are also highlighted as significant investment opportunities [8].