On May 19, the market rebounded from its lows, with the Shanghai Composite Index and the Shenzhen Component Index turning positive one after another, while the STAR 50 Index surged over 3%, after previously falling more than 2%. In terms of sectors, electric power concept stocks continued their rally, with multiple stocks such as Shanghai Electric Power, Fuling Electric Power, and Jiantou Energy hitting their daily price limits.
In terms of news, Shanghai proposed to deeply promote the construction of a new type of power system in energy security, creating four 10-gigawatt-level green power bases. In addition, according to China Electric Power News, on May 14, large data centers in China participated in the electricity spot market as virtual power plants for the first time, achieving “computing following electricity.”
China Galaxy pointed out that power companies are laying out computing-power coordination, with the industry trend gradually being established. Currently, multiple power companies have made arrangements in computing-power coordination, which can be divided into two models: first, directly entering the data center track to create a second growth curve, such as Yuneng Holdings planning to participate in the acquisition of Zhengzhou Heying Data Co., Ltd., Jinkai New Energy investing in the construction of the Hami Yiwu Intelligent Computing Center, and Jinko Technology planning to invest in the construction of a 1GW computing power center project in Zhongwei, Ningxia; second, supporting the construction of power supply projects for data centers, which is an expansion of existing power generation business profit models, such as Gansu Energy investing in the construction of the Qingyang East-West Computing Industry Park green power aggregation pilot project, and Datang New Energy investing in the construction of the Zhongwei Cloud Base Data Center green power supply 200MW new energy project.
(Statement: The article content is for reference only and does not constitute investment advice. Investors who act accordingly bear their own risks.)
Shanghai Composite Index
The Shanghai Composite Index is a stock market index that tracks the performance of all A-shares and B-shares listed on the Shanghai Stock Exchange. Established in 1990, it reflects the overall health of China’s rapidly growing financial markets and serves as a key benchmark for Chinese equities. Its history mirrors China’s economic transformation, from a planned economy to a major global financial power, with significant volatility during events like the 2007–2008 financial crisis.
Shenzhen Component Index
The Shenzhen Component Index is a stock market index that tracks the performance of approximately 500 companies listed on the Shenzhen Stock Exchange in China. Established in 1995, it reflects the growth of China’s technology and manufacturing sectors, as the exchange is known for hosting smaller, high-growth firms. The index serves as a key benchmark for investors monitoring China’s dynamic economy and its shift toward innovation-driven industries.
STAR 50 Index
The STAR 50 Index is a stock market index that tracks the performance of the 50 largest and most liquid companies listed on the Shanghai Stock Exchange’s Science and Technology Innovation Board (STAR Market). Launched in July 2019 as part of China’s efforts to support high-tech and innovative enterprises, the index serves as a benchmark for the STAR Market’s growth and provides investors exposure to China’s emerging technology and biotech sectors. It has since become a key indicator of the country’s push toward innovation-driven economic development.
Shanghai Electric Power
Shanghai Electric Power is a major utility company in China, responsible for the generation, transmission, and distribution of electricity in the Shanghai region. Originally established in the early 20th century, it has played a key role in powering the city’s
Shanghai Composite Index
The Shanghai Composite Index is a stock market index that tracks the performance of all A-shares and B-shares listed on the Shanghai Stock Exchange in China. Established in 1990, it reflects the overall health of China’s rapidly growing economy and has become a key indicator for global investors monitoring Chinese financial markets. Its history includes dramatic booms and busts, notably the 2007 peak and the 2015 crash, highlighting China’s evolving role in the global economy.
Shenzhen Component Index
The Shenzhen Component Index is a stock market index that tracks the performance of companies listed on the Shenzhen Stock Exchange in China. Established in 1995, it reflects the growth of China’s dynamic and tech-focused private sector, contrasting with the state-owned enterprises more common on the Shanghai exchange. The index serves as a key indicator of China’s economic development and the rise of its innovative industries.
STAR 50 Index
The STAR 50 Index is a stock market index that tracks the performance of the 50 largest and most liquid companies listed on the Shenzhen Stock Exchange’s ChiNext board, which focuses on high-growth, innovative, and technology-driven firms. Launched in 2019, it was designed to provide investors with a benchmark for China’s emerging industries, such as biotechnology, new energy, and advanced manufacturing. The index reflects China’s push to support entrepreneurship and technological innovation as part of its broader economic transformation.
Shanghai Electric Power
Shanghai Electric Power is a major state-owned utility company in China, responsible for the generation, transmission, and distribution of electricity in Shanghai and surrounding areas. Established in the early 20th century, it has grown alongside the city’s rapid industrialization and modernization, playing a key role in supporting Shanghai’s economic development. Today, it continues to innovate in energy production, including investments in renewable energy and smart grid technologies.
Zhongwei, Ningxia
Zhongwei, located in Ningxia, China, is a historic city known for its strategic position along the ancient Silk Road. It is famous for the Shapotou scenic area, where the Yellow River meets the Tengger Desert, offering a unique blend of desert and river landscapes. The city also boasts centuries-old cultural sites like the Gao Temple, a multi-story Buddhist temple complex with a rich history dating back to the Ming Dynasty.
Qingyang East-West Computing Industry Park
Qingyang East-West Computing Industry Park is a major technology hub located in Chengdu, China, designed to foster collaboration between eastern and western regions in the computing and information technology sectors. Established as part of China’s broader strategy to boost digital infrastructure and innovation, the park leverages Qingyang District’s historical role as a cultural and economic center. It focuses on cloud computing, big data, and artificial intelligence, aiming to drive regional economic growth and technological advancement.
Zhongwei Cloud Base Data Center
The Zhongwei Cloud Base Data Center is a major data hub located in Ningxia, China, designed to support cloud computing and big data services. Established as part of China’s Western Development Strategy, it leverages the region’s cool climate and abundant renewable energy to operate efficiently. The center plays a key role in the national “Eastern Data, Western Computing” project, helping to balance digital infrastructure across the country.
Shanghai Stock Exchange
The Shanghai Stock Exchange (SSE), founded in 1990, is one of the world’s largest stock exchanges by market capitalization and a key financial hub in Asia. It was reestablished after China’s economic reforms, replacing the earlier Shanghai Securities Exchange which operated from the late 19th century until 1949. The SSE plays a central role in China’s capital markets, listing major state-owned enterprises and private companies.
