A-share indices staged a collective afternoon surge, with the Shanghai Composite Index climbing 1.13%, the Shenzhen Component Index advancing 1.5%, and the ChiNext Index gaining 1.71%. Total turnover on the Shanghai and Shenzhen exchanges reached 2.13 trillion yuan, representing a substantial increase of 317.2 billion yuan compared to the previous trading session.
Market themes rotated rapidly during the session, with more than 3,300 stocks closing in positive territory. The storage chip sector continued its upward trajectory, with 德明利 and 大普微 hitting their daily limit. PCB concepts expanded their gains intraday, as 金安国纪, 协和电子, 宏昌电子, and 嘉立创 all locked in limit-up moves. CPO concepts fluctuated higher with 赛微电子 surging 20% to its limit. Optical fiber stocks strengthened, with 法尔胜 and 杭电股份 recording consecutive limit-ups, while 长飞光纤 also hit the ceiling. Gold-related names traded actively, with 湖南黄金 and 莱绅通灵 reaching limit-up. Agricultural sectors remained volatile, with 新农股份 posting back-to-back limit-ups, 金健米业 achieving six limit-ups in nine sessions, and 万向德农 securing its third consecutive daily limit.
The State Council issued the "Implementation Opinions on Deepening the 'AI+' Action" on August 26, setting targets for AI integration with six key sectors to reach a penetration rate exceeding 70% by 2027 and surpassing 90% by 2030. Notably, this marks the first time smart terminal penetration targets have been incorporated into government KPI metrics.
Huatai Securities views this document as a landmark policy framework comparable to the earlier "Internet+" initiative, signaling a decisive shift in China's AI industry from technology research and concept validation toward deep integration with the real economy, commercial deployment, and value realization. The brokerage anticipates that various ministries and local governments will soon release detailed implementation measures, including special funding, tax incentives, and application pilots, to transmit policy benefits to enterprises.
Caitong Fund draws a parallel between the 70% penetration target and the 2015 "Internet+" approach, but characterizes the 2025 "AI+" strategy as more targeted—leveraging national orders, national application scenarios, and national standards to bridge technology and market adoption in a single stroke. Dongjian Research recommends focusing on four investment themes: AI+computing power, AI+data, AI+applications, and AI+terminals, noting that AI computing and data infrastructure providers, the "pick-and-shovel sellers" of the ecosystem, are positioned for rapid growth.
Several additional positive developments emerged after the market close. According to reports from CCTV News, Foreign Ministry spokesman Lin Jian confirmed during a routine press conference that China and the United States have maintained communication regarding head-of-state interaction arrangements within the year.
The National Bureau of Statistics released data showing that China's new economic momentum index for 2025 reached 153.0, a year-on-year increase of 12.5%, with 2022 serving as the base year of 100. All sub-indices improved compared to the previous year, with transformation and upgrading contributing 34.1% to overall growth, innovation-driven development contributing 31.4%, the network economy contributing 27.2%, and economic vitality contributing 7.3%. The transformation and upgrading sub-index reached 156.8, up 22.7%, while the innovation-driven sub-index hit 156.3, up 12.9%. The network economy sub-index climbed to 157.8, rising 10.8%, and the economic vitality sub-index advanced to 137.2, gaining 4.8%.
In international developments, US President Donald Trump stated on the 26th that Iran's Supreme Leader remains alive but has sustained serious injuries on the left side of his body. Trump also predicted that the war between the US, Israel, and Iran would conclude "very soon" and reiterated that the Strait of Hormuz has been successfully reopened.
Fujian Province has issued its "15th Five-Year Plan for Emerging Industries and Future Industries Development," designating Xiamen, Quanzhou, Fuzhou, and Putian as focal points for cultivating chip design, specialty process chip manufacturing, packaging and testing, and component equipment capabilities. The plan calls for developing high-performance AI system-on-chip, autonomous driving chips, and industrial control chips while actively integrating into the national AI chip strategy. It also aims to steadily expand production capacity for 12-inch wafers, power semiconductors, and analog chips, achieving scaled and differentiated development. The province will build a comprehensive packaging and testing ecosystem covering advanced and traditional processes to support computing, storage, display, and RF chip demands, while enhancing capabilities in packaging substrates and lithography equipment.
Chen Haisheng, chairman of the China Energy Storage Alliance (CNESA), presented data at the 11th Energy Storage Western Forum on August 27, projecting that China's cumulative new-type energy storage installations will reach 200.7 GW in conservative scenarios and 221.9 GW in ideal scenarios by 2026. By 2030, cumulative installations are expected to reach 371.2 GW and 450.7 GW under conservative and ideal scenarios respectively, translating to compound annual growth rates of approximately 20.7% and 25.5% between 2026 and 2030.
Kuwait and Qatar have increased crude oil shipments through the Strait of Hormuz, adding to overall transport volumes and suppressing global oil price gains. Prior to the Middle East conflict, these two nations exported a combined 2 million barrels per day, and have now restored shipments to approximately 70% of pre-conflict levels. Traders report that current daily flows through the strait range between 7 and 8 million barrels, up from roughly 4 million barrels in mid-July, representing about three-quarters of pre-war levels. Analysts suggest that declining oil prices could push US Treasury yields lower, which would in turn support risk asset valuations.