Major A-share indices posted solid gains, with the ChiNext and STAR 50 indexes both rising over 1% as trading volume expanded significantly. The tech sector drove the advance, with semiconductors, AI infrastructure and communication equipment stocks outperforming, while traditional defensive sectors lagged. The rally came alongside China’s launch of a new power system pilot program targeting smart grids and computing-power integration, signaling policy support for energy-tech convergence.
Analysts highlighted three key opportunities emerging from power sector reforms: virtual power plants benefiting from market-driven pricing, renewable energy plays boosted by green certificate policies, and power equipment suppliers gaining from AI data center expansion. The National Energy Administration’s pilot program specifically emphasized innovation in energy storage coordination and next-generation grid technologies, creating multiple investment avenues in China’s energy transition.
Today’s session revealed investors positioning for both cyclical recovery in tech and structural growth in new energy infrastructure. The strong performance of semiconductor and computing-power stocks suggests confidence in domestic tech self-sufficiency, while the policy-driven power sector rally indicates expectations for accelerated energy modernization. With volume expanding during the afternoon surge, the market appears to be pricing in these parallel growth narratives simultaneously.
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