CPC Central Committee and State Council Issue Document to Fully Implement the AI+ Initiative; Institutions Suggest Focusing on AI and Data Industries

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On October 21, the General Office of the CPC Central Committee and the General Office of the State Council issued opinions on promoting the deep integration of scientific and technological innovation and industrial innovation. The opinions propose upgrading and transforming traditional industries with advanced technologies, deeply implementing major technological transformation and upgrading projects and large-scale equipment renewal projects in the manufacturing sector, accelerating the innovative development of the industrial internet, promoting the deep integration of the digital economy and the real economy, and advancing the intelligent, green, and integrated development of manufacturing. The opinions clearly state that the "AI+" initiative should be fully implemented to empower all industries with artificial intelligence across the board. The opinions also propose strengthening scientific research on seed industry, agricultural machinery and equipment, accelerating the promotion and application of agricultural scientific and technological achievements, building a science and technology service system for the entire industrial chain, and promoting the high-quality and efficient development of the science and technology service industry.

The core of the "AI+" initiative is to promote the deep integration of artificial intelligence technology with all industries. Artificial intelligence is the technical science of researching, developing, and applying theories, methods, technologies, and application systems that simulate, extend, and expand human intelligence. Its research fields include robotics, speech recognition, image recognition, natural language processing, and expert systems. The upstream of the industrial chain consists of basic elements such as computing power, algorithms, and data; the midstream consists of large models and the platform layer; and the downstream is oriented toward application scenarios in various industries such as government affairs, finance, office work, and manufacturing. In terms of implementation progress, as of the first half of 2026, the number of generative artificial intelligence users in China exceeded 700 million, with a penetration rate of over 50%, and the number of uses of applications such as AI comprehensive assistants and AI efficiency office tools increased by more than 100% year on year.

Wanlian Securities pointed out that the "Opinions on Developing New Quality Productive Forces" propose fully implementing the "AI+" initiative, promoting AI to transform traditional industries and expand application scenarios for a new generation of intelligent terminals, and strengthening the supply of computing power, algorithms, and data. Policy promotion and rising user penetration echo each other, and AI applications are expanding from trial experiences to practical scenarios such as office work and industry. Industrial value depends on being embedded in real business processes and forming sustained use; for AI applications, reducing the cost of high-frequency calls and shortening waiting times in multi-step processes can help improve user experience and unit economics. It is recommended to pay attention to AI application and cloud service providers that benefit from lower inference costs and can embed model capabilities into high-frequency workflows and generate payments. From a medium- and long-term perspective, continue to focus on the two major investment themes of the AI industry and the data industry.

Financial Street Securities stated that after the broad decline and adjustment in the smart technology sector in September, the valuation percentile of the artificial intelligence theme index fell to a relatively low level in the past three years. Intensive iteration of large models and the continued opening of the Agent ecosystem are advancing, and traffic for AI office and Agent-type applications is growing against the trend. Performance within the sector is divergent: companies with performance support such as hardware relatively show resilience, while the software side is relatively weak. In the future, it is necessary to further observe whether orders, performance, cash flow, and other factors of individual stocks in the sector can translate into company performance.

Zhongtai Securities believes that the "AI + Software" special initiative emphasizes directions such as software intelligence, agent applications, high-quality datasets, and security and controllability, supports the construction of high-quality datasets for the software industry, and promotes mutual gains between data and models. The policy also proposes cultivating new business forms of agent software, developing general-purpose agent software applicable across scenarios, creating vertical-domain professional agent software for high-value industry scenarios, and promoting agents to empower internet applications and services.

Reference research report sources:

Wanlian Securities - "Computer Industry: Fully Implementing the 'Artificial Intelligence' Initiative, AI Penetration Rate Exceeds 50% - Tracking Report" - October 13, 2026

Financial Street Securities - "Smart Technology Industry: Broad Sector Decline and Valuation Digestion, AI Office Applications Grow Against the Trend, Recommend Paying Attention to Artificial Intelligence ETF - September Report (20260901-0930)" - October 15, 2026

Zhongtai Securities - "Computer Industry: AI Industry Policy Accelerates, Emphasizing Data + Security Applications" - September 14, 2026

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