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]

Group 1 - The Chinese government emphasizes the importance of maintaining arable land and enhancing agricultural technology to ensure stable production of food and essential agricultural products [6][1] - The target for grain production this year is approximately 1.4 trillion jin, with significant measures being implemented to improve yield in major grain-producing regions [6][1] Group 2 - Market access in China has been further relaxed this year, expanding investment opportunities for private enterprises [2] - The logistics sector in China has shown resilience, maintaining steady growth in the first four months of the year [13] - The electronic information manufacturing industry has experienced a year-on-year increase of 11.3% in added value for the first four months [18] Group 3 - During the Dragon Boat Festival holiday, domestic travel increased by 5.7% year-on-year, indicating a boost in consumer spending [3][15] - The postal and express delivery industry handled over 1.5 billion packages during the holiday, marking a 19.4% increase compared to the previous year [16]

Market Overview - On June 3, 2025, the market experienced a decline with a trading volume of 1.16 trillion, approximately 50 billion less than the previous trading day, with most sectors falling, while agriculture, banking, pharmaceuticals, and military industries saw slight increases [1] - The market showed weakness despite a rebound on Thursday, with the approval of a request by the Trump administration to temporarily suspend a previous ruling by the U.S. International Trade Court, negatively impacting market sentiment [1] - Over 80% of stocks and sectors declined, with many industries hitting new lows during this adjustment phase, indicating a lack of sustainable new hotspots despite some emerging trends in sectors like aquaculture [1] Sector Analysis - The robotics sector saw accelerated declines, reflecting the overall weak market sentiment, as it had previously experienced significant gains and high levels of capital participation [1] - The military sector showed signs of stabilization after adjustments, with the upcoming international defense exhibition in June and the accelerated commissioning of new aircraft carriers in China, making it a focus for potential investment [1] Fund Flow - On May 30, 2025, the Shanghai Composite Index saw a net outflow of 12.678 billion, while the Shenzhen Composite Index experienced a net outflow of 4.641 billion [4] - The top three sectors for capital inflow were chemical pharmaceuticals, aquaculture, and medical services, while the sectors with the highest capital outflow were semiconductors, power grid equipment, and general equipment [4] Industry Dynamics - The Ministry of Industry and Information Technology announced plans to achieve standardized interconnectivity of public computing power across the country by 2028, with a comprehensive system of standards and rules expected by 2026 [5][8] - The Ministry of Agriculture and Rural Affairs held a meeting to discuss the development of the aquaculture seed industry during the 14th Five-Year Plan period, emphasizing the need for technological innovation and improved breeding mechanisms [9] - The Ministry of Transport reported that in April, cross-regional personnel flow reached 5.35 billion, a year-on-year increase of 3.4%, indicating a steady recovery in transportation activity [10] Fund Dynamics - In 2025, 14 fund management companies announced changes in their chairpersons, reflecting a trend of leadership changes within the industry [12][13] - The Cheng Tong Science and Technology Investment Fund was established with an initial scale of 10 billion, focusing on investments in "hard technology" sectors such as new materials, advanced manufacturing, and next-generation information technology [14]

Group 1 - The China Securities Big Data Industry Index rose by 0.76% as of June 3, 2025, with leading stocks such as Qi Anxin up by 5.34% and iFlytek up by 4.19% [1] - The Data ETF (516000) increased by 0.34%, with a latest price of 0.89 yuan, and has seen a cumulative increase of 33.64% over the past year, ranking first among comparable funds [1] - The Ministry of Industry and Information Technology issued the "Computing Power Interconnection Action Plan," aiming for standardized interconnection of public computing power by 2028, which will enhance the efficiency of computing centers and activate the market [1] Group 2 - The Computing Power Interconnection is significant for the Data ETF and the associated big data industry, as it enables efficient scheduling and integration of computing power, enhancing storage efficiency and analysis speed [2] - This initiative promotes the implementation of innovative applications in the big data industry, such as intelligent driving and remote healthcare, which require real-time data processing [2] - The Data ETF closely tracks the China Securities Big Data Industry Index, covering various sectors including big data storage and analysis [2]

截至2025年6月3日 10:34，中证人工智能主题指数(930713)上涨0.46%，成分股澜起科技(688008)上涨7.31%，复旦微电(688385)上涨5.11%，科大讯飞(002230) 上涨4.43%，恒玄科技(688608)上涨3.19%，星宸科技(301536)上涨2.74%。AI人工智能ETF(512930)盘中一度涨近1%，现上涨0.39%，最新价报1.29元。拉长 时间看，截至2025年5月30日，AI人工智能ETF近1年累计上涨24.62%。 流动性方面，AI人工智能ETF盘中换手1.23%，成交2356.85万元。拉长时间看，截至5月30日，AI人工智能ETF近1年日均成交8787.97万元。 规模方面，AI人工智能ETF最新规模达19.09亿元。 份额方面，AI人工智能ETF近2周份额增长400.00万份，实现显著增长，新增份额位居可比基金1/3。 资金流入方面，AI人工智能ETF最新资金净流入383.37万元。拉长时间看，近19个交易日内有12日资金净流入，合计"吸金"8222.20万元，日均净流入达 432.75万元。 数据显示，杠杆资金持续布局中。AI人工智能ETF最新融资 ...