计算机行业周报：化债加码，科技内需有望提振

Investment Rating - The report maintains a "Recommended" investment rating for the computer industry [1][2]. Core Insights - The report highlights that the intensified debt resolution efforts, combined with the potential victory of Trump, may directly benefit the pan-information innovation sector. Starting from 2024, the government plans to allocate 800 billion yuan annually from new local government special bonds for five consecutive years, aiming to replace a total of 4 trillion yuan of hidden debts. This will directly increase local debt resources by 1 trillion yuan, providing necessary funding support for the information innovation sector [1][9][11]. - The report emphasizes that local government support for technology innovation can guide social capital investment into the information innovation sector, promoting industrial clustering and the improvement of the industrial chain. Additionally, supportive policies such as tax incentives and financial subsidies can help reduce operational costs for technology companies, improving cash flow and alleviating financial pressures during the initial stages of technology research and market development [1][12]. - The report notes that the domestic AI industry continues to show high prosperity, with the monthly active users of AIGC apps reaching 79.128 million in the first three quarters of 2024, a year-on-year increase of 393.9%. The development of AI agents is seen as a precursor to AGI, with significant potential for commercialization [1][13]. Summary by Sections 1. Market Performance - The computer index rose by 14.41% from November 4 to November 8, 2024, with notable gainers including Zhisheng Information and Saiwei Intelligent [7]. 2. Industry News - The National People's Congress approved a resolution to increase local government debt limits, which will provide substantial funding for digital infrastructure and local industrial upgrades [9]. 3. Key Company Announcements - Notable announcements include Zhizhen Technology winning a bid for a data processing center project worth 902 million yuan [10]. 4. Weekly Insights - The report discusses the implications of increased local debt resolution efforts and the potential benefits for the information innovation sector, alongside the sustained high demand in the AI industry [11][12]. 5. Investment Recommendations - The report suggests focusing on companies such as Zhongke Shuguang, Dameng Data, and Keda Xunfei, among others, as they are expected to benefit from the current market dynamics [2][16].