Computing-Power Sector Indices Surge Over 19% in May as China Aligns AI and Energy Policies

According to Wind data, China's computing-power themed index surged over 19% in May 2026, while the smart grid index rose more than 6%, signaling strong market momentum as the country coordinated artificial intelligence development with energy sector optimization.

The sector gains follow deployment of a large-scale demonstration project in Ningxia and joint action plans from four government departments aimed at dual synergies between AI and energy systems. Market participants expect three subsectors—green power operations, energy storage systems integrated with computing infrastructure, and power dispatch equipment—to deliver significant earnings growth as these coordinated models transition from planning to implementation.