本周（8月25日—8月31日），国内方面，7月规上工业企业利润及8月PMI数据将出炉，2025中国国际大数据产业博览会（简称"数博会"）将举办。国际方 面，欧洲央行将公布7月货币政策会议纪要，美国将发布7月PCE物价指数，纽约联储主席威廉姆斯将发表演讲。本周有一只上证主板新股申购，近千亿元市 值限售股解禁。 07:30 日本7月失业率 15:55 德国8月失业率 20:30 美国7月PCE物价指数同比 20:30 美国7月商品贸易帐(亿美元) 8月25日（周一） 00:00 英国-伦敦证券交易所因夏季银行假日休市一日 10:00 国新办举行新闻发布会，介绍"十四五"时期海关守护国门安全、促进高质量发展成就 20:30 美国7月芝加哥联储全国活动指数 22:00 美国7月新屋销售环比 22:00 美国7月新屋销售(万户) 22:30 美国8月达拉斯联储商业活动指数 8月26日（周二) 国内成品油将开启新一轮调价窗口 07:15 FOMC永久票委、纽约联储主席威廉姆斯在墨西哥央行成立100年纪念会议上发表主旨演讲 10:00 国新办举行新闻发布会，介绍"十四五"时期能源高质量发展成就 20:30 美国7月耐用品订 ...

人民财讯8月25日电，【摘要】一体化算网建设再提速，七城算力中心接入国家超算互联网。中国光伏 行业协会：坚决抵制以低于成本的价格开展恶性竞争。鲍威尔暗示美联储可能降息。工信部就《稀土开 采和稀土冶炼分离总量调控管理办法（暂行）》公开征求意见。2025年暑期档电影总票房突破110亿 元。国家能源局：1—7月全国电力市场交易电量同比增长3.2%。证监会发布《关于修改<证券公司分类 监管规定>的决定》。全国铁路暑运发送旅客破8亿人次。今年我国智能算力规模增长将超40%。 ...

每经记者｜杨煜 每经编辑｜张海妮 丨 2025年8月25日 星期一 丨 NO.1 今年我国智能算力规模增长将超40% 据"2025中国算力大会"消息，中国算力平台正加快建设。目前，已有山西、辽宁、上海、江苏等10个省 份的算力分平台正式接入。工业和信息化部负责人表示，将引导各地合理布局智能算力设施，逐步提高 智能算力供给质量，满足新兴产业和未来产业发展需要。目前，智能算力已经广泛应用于生成式大模 型、自动驾驶、具身智能、智慧城市和工业制造等领域。通过算力应用大赛累计征集的创新算力项目已 超过2.3万个，在工业、金融、医疗、能源等领域实现了规模化复制推广。预计2025年，我国智能算力 规模增长将超过40%。 点评：中国智能算力产业的迅猛发展将显著提升国家在人工智能、自动驾驶等前沿领域的竞争力。从行 业趋势看，算力作为数字经济的核心基础设施，正吸引大量投资并推动新兴产业扩张。算力应用普及有 望加速智慧城市和工业升级，但需关注数据安全与伦理挑战。 NO.2 景旺电子50亿元扩产项目聚焦AI算力等领域 点评：此次扩产凸显景旺电子深度布局AI产业链核心环节的战略野心。从行业趋势看，AI服务器、自 动驾驶等领域的高端PC ...

Group 1 - The 2025 China Computing Power Conference opened with the theme "Building the Foundation of Computing Power to Lead the Future," highlighting the acceleration of the construction of China's computing power platform, with 10 provinces and cities already connected [1] - The China Computing Power Platform integrates computing resources from different regions and industries, creating a unified network for computing power scheduling, enabling comprehensive data collection and dynamic monitoring of computing power development [3] - The Ministry of Industry and Information Technology has issued the "Computing Power Interconnection Action Plan," aiming to establish a complete standard and rule system for computing power interconnection by 2026, and to achieve standardized interconnection of public computing power nationwide by 2028 [5] Group 2 - China's total computing power scale has been growing at an annual rate of around 30%, driven by the rapid development of artificial intelligence, leading to a surge in demand for intelligent computing power [7] - The China Telecom Research Institute predicts that by 2035, artificial intelligence will contribute over 11 trillion yuan to China's GDP, accounting for approximately 4% to 5% of GDP, potentially driving a tenfold to hundredfold increase in computing power demand [7] - The Ministry of Industry and Information Technology aims to guide the reasonable layout of intelligent computing facilities to improve the quality of intelligent computing supply, meeting the needs of emerging and future industries [9]

数据显示，近年来，我国算力总规模年增速达到30%左右。在人工智能的快速发展带动下，智能算力需 求呈现迅猛增长态势。中国电信研究院发布的《智算产业发展研究报告（2025）》显示，随着人工智能 大模型加速赋能行业应用和智能终端，将进一步助力智能算力产业蓬勃发展。中国电信研究院战略发展 研究所所长饶少阳表示，到2035年，人工智能将为我国的GDP贡献超过11万亿，大概占到GDP的4%到 5%。这个可能带动算力的需求是十倍，甚至百倍的增长。工业和信息化部负责人表示，将引导各地合 理布局智能算力设施，逐步提高智能算力供给质量，满足新兴产业和未来产业发展需要。预计2025年， 我国智能算力规模增长将超过40%。（央视财经） ...

2025中国算力大会举行1场开幕式、2场主论坛，聚焦算力产业发展政策，展示算力发展最新成果，研讨 算力未来发展趋势。 开幕式上，中国算力平台(山西)启动仪式和中国算力平台贯通仪式举行。《2025综合算力指数》《2025 算力发展报告》《2025存力发展报告》《2025运力发展报告》《2025智算服务发展报告》等研究报告发 布。(完) （文章来源：中国新闻网） 中新社大同8月23日电 (记者刘育英)8月23日，以"算网筑基智引未来"为主题的2025中国算力大会在山西 省大同市开幕。记者从会上获悉，中国智能算力规模达788 EFLOPS(每秒百亿亿次浮点运算)。 中国工业和信息化部副部长熊继军在开幕式上表示，中国算力产业迈向高质量、规模化发展的新阶段。 截至今年6月底，中国在用算力中心标准机架达1085万架，智能算力规模达788 EFLOPS，存力总规模超 过1680 EB(2^60字节)，全国算力中心平均电能利用效率(PUE)降至1.42，算力基础设施规模和水平不断 提升。 熊继军表示，工信部有序引导算力设施建设，推动完善算力布局政策体系，持续开展国家绿色数据中心 建设；强化企业创新主体地位，加快突破关键核心技 ...

Group 1: Economic Development and Government Support - The efficient construction and operation of the Yinxing Service Robot Intelligent Industrial Park in Shunde reflects the commitment of Guangdong's government officials to economic development, with the province's GDP exceeding 6.8 trillion yuan in the first half of the year [1] - The government is actively facilitating the transformation and upgrading of traditional manufacturing industries, which account for about 1/8 of the national industrial scale, by addressing the needs of enterprises and linking them with resources [2][3] - Guangdong's industrial technology transformation investment increased by 1.8% year-on-year in the first half of the year, accounting for over 30% of industrial investment, indicating steady progress in industrial transformation [3] Group 2: Emerging Industries and Talent Development - The establishment of the "Five Chains Integration" mechanism in Ronggui Street aims to break the bottlenecks in traditional manufacturing transformation by integrating industry, innovation, and talent [2] - The government is focusing on nurturing private entrepreneurs through training programs, with over 40,000 entrepreneurs trained to date, enhancing their capabilities to drive industrial growth [3] - New emerging industries are rapidly developing in regions like northern Guangdong, with local governments actively supporting talent acquisition and integration to meet industry needs [6] Group 3: High-Level Opening Up and Foreign Investment - The successful establishment of the ExxonMobil Huizhou Ethylene Project is a testament to Guangdong's efforts in optimizing the business environment and enhancing foreign investment attraction [8][9] - In the first five months of 2025, Guangdong saw the establishment of 12,000 new foreign-funded enterprises, with actual foreign investment amounting to 50.84 billion yuan, showcasing the province's growing appeal to foreign investors [11] Group 4: Rural Revitalization and Agricultural Development - The implementation of high-standard farmland construction in Nanhua City has led to increased agricultural efficiency, with collective income rising by 150,000 yuan in the first half of the year [13] - The "Hundred Counties, Thousand Towns, and Ten Thousand Villages" initiative aims to stimulate high-quality development in rural areas, with local governments actively engaging in infrastructure improvements and attracting investment in tourism [14]

Group 1: Market Trends - The A-share market has shown an upward trend, breaking through the 3500 and 3600 points, followed by a period of volatility [1] - Goldman Sachs raised the 12-month target for the MSCI China Index from 85 to 90, indicating a positive outlook from foreign investors towards A-shares [1][2] - The MSCI China Index and the CSI 300 Index reached four-year highs and year-to-date peaks, respectively, driven by better-than-expected GDP data and a recovery in the Hong Kong IPO market [2] Group 2: Policy Support for Technology - The Shanghai Municipal Economic and Information Commission issued measures to expand AI applications, including a 600 million yuan subsidy for computing power and a 300 million yuan subsidy for AI models [2][3] - The Ministry of Industry and Information Technology emphasized the development of humanoid robots, IoT, and high-end instruments, aiming to enhance industrial policies and support emerging industries [1][3] - Policies aimed at reducing overcapacity in industries like photovoltaics are expected to benefit leading listed companies, enhancing their performance [1][3] Group 3: Economic Stimulus Measures - The National Childcare Subsidy Implementation Plan was announced, providing annual subsidies of 3600 yuan per child under three years old, with an estimated total subsidy scale of approximately 1200 billion yuan [4][5] - The subsidy aims to increase birth rates and stimulate consumption, which is seen as beneficial for sectors like dairy products, infant supplies, and education [5] - The central government will share the subsidy burden with local governments, potentially leading to higher local subsidy standards that could further enhance the impact on birth rates [4][5]

Market Overview - A-shares continued to rise, with the Shanghai Composite Index up 0.12%, the Shenzhen Component Index up 0.44%, and the ChiNext Index up 0.96% on July 28 [4][5] - A total of 2,781 stocks rose, while 2,438 stocks fell, with 62 stocks hitting the daily limit up [5][6] Commodity Futures - On July 28, domestic commodity futures saw a collective decline, with coking coal, glass, coking tar, soda ash, industrial silicon, and lithium carbonate futures contracts hitting the daily limit down [2] - Coking coal prices fell by 11% to 1,100.5 yuan/ton, while glass and soda ash dropped by 9% and 8.04% respectively [2] - The market sentiment weakened following new trading limits introduced on July 25, leading to a significant withdrawal of long positions in coking coal [3] Sector Performance - The hardware sector, particularly companies involved in computing power, saw a surge, with stocks like Dazhu CNC and Chip Microelectronics hitting the daily limit up [7] - The Shanghai Municipal Economic and Information Commission announced measures to reduce the cost of intelligent computing power, including a 600 million yuan subsidy for computing power vouchers [7] Pharmaceutical Sector - The pharmaceutical sector remained active, with companies like Heng Rui Medicine and Lianhuan Pharmaceutical hitting the daily limit up [9] - Heng Rui Medicine announced a potential collaboration with GlaxoSmithKline worth up to 12.5 billion USD, covering a clinical-stage respiratory innovation drug and multiple candidates [9]

Group 1 - The core viewpoint emphasizes the rapid development of computing power in the Beijing-Tianjin-Hebei region, which now accounts for over one-third of the national total, supported by advanced data centers and collaborative efforts between Hebei and Beijing [1] - The Hebei province is actively enhancing its computing power supply and promoting the integration of computing and electricity, aiming to foster artificial intelligence innovation scenarios and strengthen the computing power industry [1][2] - The establishment of various intelligent computing centers, such as the Shijiazhuang Artificial Intelligence Computing Center and the Xingtai Taihang Intelligent Computing Center, reflects Hebei's commitment to building smart infrastructure for AI [2] Group 2 - The integration of computing power with green electricity is highlighted, with projects like the Zhangjiakou Intelligent Computing Center utilizing renewable energy to reduce operational costs by approximately 20% per kilowatt-hour [3] - The use of green electricity in computing projects in Zhangjiakou is projected to reach 80% in the future, showcasing a commitment to sustainable energy practices [3] - The application of AI in various sectors, such as steel manufacturing and agriculture, demonstrates significant efficiency improvements and cost savings, with examples including a 7000 million yuan annual savings in steel production and a 20% reduction in fertilizer usage in farming [3][4] Group 3 - The traffic management system in Zhangjiakou has implemented AI traffic lights that enhance traffic flow efficiency by 30% during peak hours, indicating the practical benefits of AI in urban infrastructure [4] - The electronic information industry in Hebei reported revenues of 417.78 billion yuan in the previous year, marking a 19.2% year-on-year growth, while the big data industry saw a remarkable 65.7% increase in revenue [4]