Core Viewpoint - The Ministry of Industry and Information Technology has issued the "Computing Power Interconnection Action Plan," aiming to enhance the efficiency and service level of public computing resources, promoting high-quality development in computing power through 16 key tasks across six areas [1][2]. Group 1: Key Tasks and Areas - The action plan outlines six main areas: strengthening the foundation of computing power interconnection, optimizing computing facilities interconnection, promoting resource sharing, innovating business interconnection, creating application scenarios, and ensuring network and data security [2]. - Specific tasks include tackling core technology challenges, establishing standards and norms, and developing interconnection rules [2]. Group 2: Application Scenarios - The plan promotes the application of computing power interconnection in enterprise-level scenarios such as artificial intelligence, scientific computing, intelligent manufacturing, remote medical care, and consumer-level scenarios like intelligent driving, cloud rendering, cloud computing, and cloud gaming [2]. - It encourages the integration of computing power interconnection with energy internet, industrial internet, and mobile internet for innovative applications [2]. Group 3: Implementation Support - To ensure the successful implementation of the action plan, the Ministry will enhance resource investment and create a supportive environment through policies, funding, talent, and resource allocation [2]. - The plan emphasizes the cultivation of enterprises and optimization of the industry ecosystem, supporting backbone computing power enterprises, high-tech companies, and specialized small and medium-sized enterprises [2].

Group 1 - The report highlights a positive outlook for growth stocks in the technology sector, driven by a favorable monetary environment and supportive government policies, with a focus on themes such as new consumption, innovative pharmaceuticals, and AI applications [3][12][36] - The North Exchange A-share market shows strong performance with an average market capitalization of 3.053 billion yuan and a daily trading volume of 24.834 billion yuan, although liquidity has decreased by 19.20% compared to the previous week [26][28] - The North Exchange will launch the North Exchange Specialized and Innovative Index on June 30, 2025, which will include 50 large-cap "little giant" companies to reflect the overall performance of specialized and innovative enterprises [12][13][36] Group 2 - The North Exchange A-share market is characterized by high attention and frequent short-term surges in stock prices, with a current PE ratio of 51.96, significantly higher than other markets [7][36] - The report suggests focusing on leading companies in niche sectors with valuation advantages and strong financial performance, as the market is expected to continue its structural rotation [3][36] - The report notes that the North Exchange has gathered 138 specialized and innovative "little giant" companies with a total market capitalization of 423.693 billion yuan, accounting for 53.25% of the total market capitalization of the North Exchange [12][36]

Domestic Macro - The State-owned Assets Supervision and Administration Commission and other departments issued a notice on May 30 to enhance the salary distribution incentives for skilled talents in state-owned enterprises, introducing a special allowance linked to skill levels [5][12]. - On June 3, the State Council announced the implementation of the "Regulations on Government Data Sharing," aimed at building a digital government [5][13]. - The State Council issued a notice on June 5 to conduct the fourth national agricultural census, which will include rural households and agricultural production units [5][13]. - The Central Military Commission issued regulations to improve the quality and efficiency of military facility construction [5][13]. - The central bank is set to conduct a 1 trillion yuan reverse repurchase operation [5][14]. Domestic Industry - The Ministry of Industry and Information Technology released the "Computing Power Interconnection Action Plan" on May 30 [5][14]. - The Ministry of Ecology and Environment and other departments issued guidelines to strengthen ecological culture construction [5][14]. - The Ministry of Education emphasized the importance of transforming the blueprint for a strong education nation into reality [5][14]. - The Ministry of Commerce launched the "Service Consumption Season" for 2025 on June 3, promoting the integration of various service sectors [5][14]. - The National Energy Administration announced the first batch of pilot projects for the construction of a new power system on June 4 [5][14]. Local Policies - The Shanghai government held a press conference on May 30, announcing the Lujiazui Forum scheduled for June 18-19 [6][17]. - Beijing released a three-year action plan (2025-2027) to enhance property management services [6][17]. - The Shenzhen government issued a plan to promote high-quality development of service trade and digital trade [6][17]. - The Guangzhou government emphasized accelerating major project construction and optimizing industrial layout [6][17]. Overseas Dynamics - The U.S. announced an increase in import tariffs on steel to 50% on May 30 [7][19]. - The U.S. Trade Representative extended the exemption period for certain tariffs on China under Section 301 [7][19]. - India finalized a new electric vehicle policy allowing companies to import electric vehicles at a reduced tariff [7][19]. - On June 5, the U.S. announced a comprehensive travel ban on citizens from 12 countries [7][19].

工业和信息化部日前印发《算力互联互通行动计划》，旨在实现全国公共算力标准化互联，使算力像 水、电一样便捷使用，形成可查询、可对话、可调用的服务能力，进而构建数字经济发展新底座，有力 支撑制造强国、网络强国和数字中国建设。 实现算力互联互通，首要的是筑牢技术基础。一方面，加强基础软硬件技术攻关，包括减少算力互联时 产生的损失或错误，提高多样化算力感知能力，优化各类算力资源管理、协同调用等，从底层技术上为 算力互联互通奠定基础；另一方面，推动国家级互联网骨干直联点和新型互联网交换中心改造升级，鼓 励基础电信运营商扩大带宽容量，有效降低数据传输网络时延，提升网络通行能力。 当务之急，是为算力流通打造一套统一规范的"交通规则"。建立标准体系，是开启算力互联互通大门的 钥匙。比如，在标准中明确通信网络互通、算力资源互联、业务调度互通、数据传输流动等关键环节要 求，才能保障数据在算力网络中安全、快速流动，助力各类应用更快找到并用好不同类型的算力资源， 发挥最大效能。再如，业界关注的算力互联市场规则，考虑各方利益，形成合理的价格体系，并为算力 交易营造公平、公正、透明的市场环境，促进算力市场长远健康发展。 一个重要前提是让 ...

Group 1 - The A-share market showed a collective rise on June 5, with the Shanghai Composite Index up 0.23% to 3,384.10 points, the Shenzhen Component Index up 0.50% to 10,203.50 points, and the ChiNext Index up 1.17% to 2,048.62 points, indicating a structural market where capital is actively competing [1] - The technology sector, particularly in computing power hardware, emerged as a core driver of the market, with stocks like Qingyun Technology hitting the daily limit and others like Shengyi Electronics and Dekeli seeing gains over 15% [2] - The military and industrial sectors experienced a surge, driven by the restructuring concept of the "Zhongbing System," with multiple stocks hitting the daily limit, highlighting these sectors as key areas for short-term capital allocation [2] Group 2 - Policy incentives are a primary catalyst for market momentum, with the Ministry of Industry and Information Technology releasing the "Computing Power Interconnection Action Plan" on May 30, aiming to accelerate the integration of public computing resources [4] - Continuous breakthroughs in the industry are boosting market confidence, exemplified by Nvidia's Q1 earnings report, which reaffirmed the high demand for computing power, and significant advancements in domestic technology, such as Huawei's large-scale model training and Xiaomi's launch of a 3nm chip [4] - The focus of capital allocation is shifting towards technology, with margin financing exceeding 1.8 trillion yuan, indicating strong investor interest in tech stocks, while new funds are being introduced to the market [5]

Group 1 - The core viewpoint of the news is the rapid development of the artificial intelligence industry and the increasing demand for computing power resources, leading to a focus on computing power interconnectivity as outlined in the "Computing Power Interconnectivity Action Plan" issued by the Ministry of Industry and Information Technology [1][2] - The plan aims to establish a unified computing power service market in China by 2026, with a complete standard, identification, and rule system for computing power interconnectivity [1][2] - The action plan includes six key tasks, such as developing standardization guidelines for computing power interconnectivity and establishing a unified computing power identification system for efficient resource aggregation and supply-demand matching [2] Group 2 - By 2028, the goal is to achieve standardized interconnectivity of public computing power across the country, forming a computing power internet with intelligent perception and real-time discovery capabilities [2] - The plan emphasizes the application of computing power interconnectivity in various enterprise-level scenarios, including artificial intelligence, scientific computing, and remote medical services, as well as consumer-level applications like cloud gaming and smart driving [2] - As of May 17, 2023, a "Computing Power Internet Experimental Network" has been initiated, with significant progress made in resource interconnectivity and scheduling, including the identification of resources from 131 enterprises, aggregating 111.3 trillion floating-point operations per second [3]

Core Viewpoint - The Ministry of Industry and Information Technology has issued the "Computing Power Interconnection Action Plan" to accelerate the establishment of a computing power interconnection system, aiming to standardize and improve the efficiency and service level of public computing resources, thereby promoting high-quality development of computing power [1][2]. Group 1: Objectives and Timeline - By 2026, a comprehensive system of standards, identifiers, and rules for computing power interconnection is to be established [2]. - The plan includes actions to enhance interconnection of computing facilities, promote resource sharing, facilitate business interoperability, and develop application scenarios [2][3]. - By 2028, the goal is to achieve standardized interconnection of public computing resources nationwide, enabling intelligent perception and real-time access to computing power [2]. Group 2: Key Actions - The plan outlines five major actions: foundational construction of computing power interconnection, acceleration of facility interconnection, establishment of interconnection platform systems, innovation in business interoperability, and leadership in computing power interconnection [2]. - Specific initiatives include promoting technological breakthroughs, establishing a standard system, conducting market assessments, and building a national computing internet service platform [2]. Group 3: Application Scenarios - The plan aims to empower typical application scenarios such as resource services, task scheduling, market transactions, and open-source community operations [3]. - It also focuses on enterprise-level applications in artificial intelligence, scientific computing, intelligent manufacturing, remote healthcare, and consumer-level applications like smart driving, cloud rendering, cloud computing, and cloud gaming [3]. - Additionally, the plan encourages innovative applications that integrate computing power with energy, industrial, and mobile internet [3].

算力，是推动经济社会高质量发展的新质生产力。日前，工业和信息化部印发《算力互联互通行动计 划》，推动更好整合利用各类公共算力资源，促进算力高效供需匹配，提升我国公共算力使用效率和服 务水平，将有力支撑我国数字经济高质量发展。 将公共算力资源标准化互联，打造应用场景 算力互联互通是在现有互联网体系架构基础上，通过构建统一算力标识、增强异构计算和弹性网络能力 等方式，将不同主体、不同架构的公共算力资源标准化互联，形成可查询、可对话、可调用的服务能 力，实现数据和应用在算力间高效供需匹配、流动互通、迁移计算。 行动计划提出打造算力互联应用场景，包括多个方面，如算力资源服务、任务调度、市场交易、开源社 区运营等新业态场景应用，人工智能、科学计算、智能制造、远程医疗、视联网等企业级场景应用，智 能驾驶、云渲染、云电脑、云游戏等消费级场景应用，以及推动算力互联与能源互联网、工业互联网、 移动互联网等融合创新应用。 促进算力资源使用效率和服务水平的提升 "算力互联互通，将促进算力资源使用效率和服务水平的提升，使算力像水、电一样便捷使用。"工业和 信息化部信息通信管理局有关负责人介绍，人工智能发展催生算力互联需求，用户需要能 ...

Core Insights - The Ministry of Industry and Information Technology (MIIT) of China has issued the "Computing Power Interconnection Action Plan" to address the growing demand for computing resources in the rapidly developing artificial intelligence industry [1][2] - The plan aims to establish a computing power interconnection system that standardizes and aggregates public computing resources across different entities, architectures, and regions, thereby improving resource utilization and matching supply with demand [1][2] Summary by Sections Action Plan Overview - The "Action Plan" includes six key areas and 16 major tasks, focusing on enhancing the interconnection of computing power resources [2] - It outlines five major actions: foundational interconnection, acceleration of facility interconnection, construction of interconnection platform systems, innovation in interconnection services, and leadership in computing power interconnection [2] Goals and Timeline - By 2026, the plan aims to establish a comprehensive system of standards, identifiers, and rules for computing power interconnection [2] - By 2028, the goal is to achieve standardized interconnection of public computing resources nationwide, enabling intelligent perception, real-time discovery, and on-demand access to computing power [2]

Group 1 - The core viewpoint of the news highlights the positive performance of certain stocks and the Industrial Internet ETF, alongside the release of the "Computing Power Interconnection Action Plan" by the Ministry of Industry and Information Technology, which aims to standardize and enhance computing power resources by 2028 [1][2] - As of June 4, 2025, stocks such as Crystal Optoelectronics, Yiwei Lithium Energy, and Industrial Fulian have shown significant increases, with the Industrial Internet ETF rising by 0.99% and achieving a cumulative increase of 16.38% over the past year [1] - The "Action Plan" emphasizes the need for flexible scheduling of computing resources to meet diverse market demands, which could enhance the efficiency of data centers and invigorate the overall market [1] Group 2 - The Industrial Internet ETF closely tracks the CSI Industrial Internet Theme Index, which includes 50 listed companies involved in hardware manufacturing, software development, and application services, reflecting the overall performance of the industrial internet sector [2] - As of May 30, 2025, the top ten weighted stocks in the CSI Industrial Internet Theme Index account for 47.11% of the index, with notable companies including BYD, Northern Huachuang, and Hikvision [2]