The surge in computing power relies on electricity support; the Green Power ETF Huaxia has had net inflows for four consecutive days, and Datang Power has hit four consecutive daily limit-ups.

On May 11, the three major A-share indices collectively rebounded, and the computing power collaboration once again strengthened. As of 10:10, the Huaxia Green Power ETF (562550) rose by 1.77%, with a trading volume of 90.92 million yuan, maintaining the top position among peers. Holdings such as Guiguang Electric Power, Gansu Energy, and Datang Power Generation all hit the daily limit, with Datang Power Generation achieving four consecutive limit-ups. Shares like Guangdong Power A, Longyuan Power, Yunnan Energy Holdings, Huaneng International, and JinkoSolar also followed the rise.

From the capital perspective, Huaxia Green Power ETF has experienced net capital inflows for four consecutive trading days, totaling “funds attracted” reaching 113 million yuan. Its latest scale is 1.41B yuan, setting a new record high and remaining the largest among the same index.

The large-scale application of AI is accelerating, and electricity consumption for computing infrastructure is surging. Four departments jointly issued the “Action Plan for Promoting Mutual Empowerment of Artificial Intelligence and Energy” (hereinafter referred to as the “Action Plan”), proposing that by 2027, a preliminary framework for a safe, green, and economical energy support system for AI innovation will be established, with significant improvements in the interaction capabilities between clean energy and computing facilities; by 2030, the supply guarantee capacity of clean energy for AI computing facilities, as well as the R&D and application of AI-specific technologies in the energy sector, will reach world-leading levels, with clear results in mutual empowerment between AI and energy.

Everbright Securities believes that as the “East Data West Computing” project gradually takes shape, it will not only enhance the absorption of green electricity in western China but also potentially expand China’s advantage in electricity prices for computing power.

Huaxia Green Power ETF (562550) and its over-the-counter links (018734/018735) track the CSI Green Power Index. In the Shenwan secondary industry classification, the power sector accounts for over 99%, making it the market’s most “pure” power-related index, bundling leading power companies. It includes not only clean energy firms represented by hydropower, wind power, and photovoltaic generation but also incorporates thermal power and nuclear power as part of energy transition samples. The “wind, solar, water, nuclear” components account for over 55%. Looking at the trend of the Green Power Index, the power sector generally performs well in Q2-Q3 over the past six years.

Additionally, under the background of new energy grid integration, explosive growth in AI computing power, and global grid upgrades, the logic for grid investment is strengthening. The Huaxia Power Grid Equipment ETF (159326) is the only ETF in the market tracking the CSI Power Grid Equipment Theme Index. In the Shenwan secondary industry classification, the power grid equipment component accounts for over 73%, making it the market’s purest power grid index. The weight of smart grid is as high as 90%, and the ultra-high voltage transmission accounts for 70%, both the highest in the market.

Daily Economic News