Guotai Haitong: Top-level design for new quality productive forces implemented, driving accelerated AI adoption across industries.

Guotai Haitong released a research report stating that the "Opinions on Developing New Quality Productive Forces" provides systematic support across dimensions such as technological innovation, industrial cultivation, scenario application, and factor guarantees, and is expected to drive the accelerated industrialization of frontier technologies such as artificial intelligence, promoting deep integration of the digital economy and the real economy. It is recommended to focus on sub-sectors including domestic computing power chips, AIDC, large models and AI applications, industrial software, industrial internet, and data elements, as well as frontier technology fields such as embodied intelligence, brain-computer interfaces, quantum technology, and commercial aerospace. The main points of Guotai Haitong are as follows: Maintain "Overweight" rating. On October 9, 2026, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on Developing New Quality Productive Forces," deploying 19 key measures across five aspects: scientific and technological innovation, deep integration of scientific and technological innovation and industrial innovation, innovation in development models, innovation in institutional mechanisms, and innovation in talent work mechanisms. It proposes advancing breakthroughs in key core technologies, transformation of scientific and technological achievements, cultivation of emerging and future industries, AI empowerment, and digital economy development. The bank believes that the "Opinions" provides systematic support across dimensions such as technological innovation, industrial cultivation, scenario application, and factor guarantees, and is expected to drive the accelerated industrialization of frontier technologies such as artificial intelligence, promoting deep integration of the digital economy and the real economy. It is recommended to focus on sub-sectors including domestic computing power chips, AIDC, large models and AI applications, industrial software, industrial internet, and data elements, as well as frontier technology fields such as embodied intelligence, brain-computer interfaces, quantum technology, and commercial aerospace. Fully implement the "AI+" initiative, strengthen computing power, algorithms, and data supply, and drive accelerated AI adoption across industries. The "Opinions" proposes advancing the transformation of traditional industries through artificial intelligence, and accelerating the application of next-generation intelligent terminal scenarios such as intelligent connected new energy vehicles, AI phones and computers, and humanoid Siasun Robot&Automation. Accelerate innovation in digital and intelligent technologies such as artificial intelligence, break through foundational theories and core technologies, and strengthen efficient supply of computing power, algorithms, and data. Layout national AI industry application pilot bases and high-value application scenarios tailored to local conditions and differentiated by industry, and vigorously promote AI application across industries. Strategically emerging industries should accelerate cultivation and growth, and future industries such as embodied intelligence, brain-computer interfaces, and quantum technology face development opportunities. The "Opinions" proposes striving to build emerging pillar industries. Accelerate the development of strategic emerging industries such as next-generation information technology, new energy, new materials, intelligent connected new energy vehicles, Siasun Robot&Automation, biomedicine, high-end equipment, and aerospace. Under the premise of ensuring security, promote the healthy and orderly development of the low-altitude economy and commercial aerospace. Make forward-looking layouts for future industries. Explore diversified technology routes, typical application scenarios, viable business models, and market regulatory rules, promote the development of future industries such as quantum technology, biomanufacturing, hydrogen energy and nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communications, and accelerate the formation of a relatively complete industrial ecosystem. Establish a future industry investment incremental CKH HOLDINGS risk-sharing mechanism, make full use of existing fiscal policies to support the development of future industries, and guide social capital to continuously increase investment. Deep integration of the digital economy and the real economy, with data elements, the national integrated computing power network, and manufacturing digital transformation continuing to advance. The "Opinions" proposes optimizing the layout, construction, and operation of national data infrastructure, deeply carrying out manufacturing digital transformation actions, implementing projects such as "East Data West Computing," intelligent manufacturing, and industrial internet innovation and development, and building a national integrated computing power network and national blockchain network. Improve the policy system for promoting digital industrialization and industrial digitalization, and build digital industrial clusters with international competitiveness. Use national standards to upgrade and lead the optimization and upgrading of traditional industries, and support enterprises in using digital and intelligent technologies and green technologies to transform and upgrade traditional industries. Build an open, shared, and secure national integrated data market, improve the technology market with efficient transformation, and promote the efficient aggregation and smooth flow of various advanced and high-quality production factors. Risk warnings: Policy implementation falls short of expectations; AI commercialization and future industry development fall short of expectations; intensified industry competition; data security risks.