China Announces Policies on AI, Energy, and Infrastructure Ahead of the A-Share Market

Huo Xing Finance News, May 11: Pre-market highlights for A-shares: 1. On May 9, Premier Li Qiang presided over a State Council executive meeting. The meeting emphasized strengthening the planning and construction of water networks, new power grids, computing power networks, next-generation communication networks, urban underground utility networks, and logistics networks; enhancing local governments’ self-sufficiency in debt repayment to ensure timely completion of debt-reduction targets. 2. On May 10, a spokesperson for the Ministry of Commerce stated that, following mutual agreement between China and the U.S., Vice Premier He Lifeng will lead a delegation to South Korea on May 12–13 to hold economic and trade consultations with U.S. counterparts. Both sides will conduct consultations on mutual economic and trade concerns guided by the important consensus reached during the summit meeting between the two heads of state in Busan and their previous phone conversations. 3. Recently, Zheng Zhejie, Director of the National Development and Reform Commission, visited the Shanghai Artificial Intelligence Laboratory to conduct a special investigation into AI development. Zheng stated that comprehensive planning and top-level design must be strengthened, leveraging the advantages of national laboratories and other strategic scientific and technological forces to reinforce foundational AI research, enhance original innovation capabilities, advance end-to-end breakthroughs in key core technologies, and proactively layout frontier explorations. 4. The National Internet Information Office and two other departments recently jointly issued the “Opinions on Standardized Application and Innovative Development of Intelligent Agents.” The document proposes promoting integration of intelligent agents with CNC machine tools, industrial robots, and automated production lines to improve quality, efficiency, and cost reduction. 5. The National Energy Administration and three other departments recently issued the “Action Plan for Promoting Mutual Empowerment Between Artificial Intelligence and Energy.” It aims to significantly enhance the clean energy supply capacity for AI computing infrastructure and the level of AI applications in the energy sector by 2030. 6. On May 9, General Administration of Customs released data showing that China’s total import and export value of goods reached RMB 16.23 trillion in the first four months of this year, up 14.9% year-over-year; exports amounted to RMB 9.33 trillion, up 11.3%, while imports reached RMB 6.9 trillion, up 20%. 7. According to the latest data released by the Ministry of Industry and Information Technology, China’s shipbuilding output reached 15.68 million DWT from January to March 2026, up 46.0% year-over-year, with export ships accounting for 96.1% of total output; new orders totaled 59.53 million DWT, up 195.2%; as of end-March, the order backlog stood at 322.3 million DWT, up 43.6% year-over-year. 8. According to the China Association of Automobile Manufacturers on May 9, rumors claiming that new energy vehicle manufacturers were summoned or investigated over battery locking issues are false. 9. Citing insiders, relevant reports indicate that authorities will convene a symposium on May 11 with multiple pig farming enterprises, industry associations, and experts to exchange views on current domestic pig production, pork circulation and consumption, import/export trends; analyze shifts in China’s pig cycle, existing risks and challenges, and future evolution trends. 10. China’s “Benyuan Wukong-180” quantum computer, equipped with a domestically developed superconducting quantum chip featuring 180 computational qubits, has officially launched operations and began accepting global quantum computing tasks as of May 9. The fourth-generation domestically developed superconducting quantum computer is fully self-reliant across its entire value chain. 11. China’s first dual-core atomic quantum computer was recently unveiled, marking the first upgrade of quantum processors from “single-core” to “dual-core,” providing critical support for domestic high-end computing autonomy. The quantum computer holds broad application prospects in areas such as stock portfolio optimization, protein design, and new drug development. 12. China’s largest large model service platform officially launched on the 8th. Developed by China Mobile, the platform has integrated and provided services for over 300 mainstream domestic AI large models, making it the platform with the largest collection of large models in China. 13. According to reports, sulfur prices have been rising steadily this year; on May 8, prices rose to RMB 6,867 per ton—an increase of approximately 80% since the beginning of the year—with some spot transactions exceeding RMB 8,000 per ton. 14. According to reports, Intel, AMD, and Arm have recently released their financial results, signaling that data centers are becoming a key performance driver for these companies—and under the wave of intelligent agents, demand for CPU chips is surging. The previous market assumption that only GPUs and ASICs benefit significantly from AI is shifting; under tight supply conditions, CPU chip prices are also continuing to rise. 15. According to reports, DeepSeek plans to raise up to RMB 50 billion—marking the largest funding round ever for a Chinese AI company. 16. According to reports, amid rising memory chip costs and ByteDance’s accelerated AI deployment, the company has increased its AI infrastructure budget for this year by 25% to RMB 200 billion. 17. Recently, the China Securities Regulatory Commission issued preliminary administrative penalty notices regarding two financial fraud cases involving Qingyue Technology and Yuandao Communications. Investigations revealed that Yuandao Communications inflated revenues from 2019 to 2022, suspected of fraudulent issuance and violations of periodic disclosure regulations—potentially triggering mandatory delisting procedures by the Shenzhen Stock Exchange. Qingyue Technology inflated profits in its 2021, 2022, and H1 2023 reports, suspected of fraudulent issuance and disclosure violations—potentially triggering mandatory delisting procedures by the Shanghai Stock Exchange. 18. Zhongtian Technology announced in an investor relations activity record that it achieved China’s first large-scale application of O-band anti-resonant hollow-core optical fiber for internal data center connections in collaboration with Huawei; multiple AI computing optical fiber and cable products have made breakthrough progress. (Ke Gu Bao Report)