Core Insights - The Chinese government has initiated a large-scale vocational skills enhancement training program aimed at increasing the supply of skilled talent in critical sectors from 2025 to 2027 [1][2] - The program focuses on high-precision industries and urgent sectors, targeting over 30 million training sessions to improve employment and income for workers [1][2] Group 1: Policy and Implementation - The "Guiding Opinions" issued by the State Council emphasize the importance of vocational skills training in advanced manufacturing, digital economy, low-altitude economy, transportation, agriculture, and service sectors [1][2] - Local governments, such as Beijing and Guangdong, are actively developing training programs tailored to emerging professions and industries, including digital technology engineers and new vocational standards [3] Group 2: Industry Needs and Talent Supply - High-precision industries require a skilled workforce with specialized knowledge and innovative capabilities, which are crucial for enhancing the competitiveness and resilience of the industrial system [1][2] - The shortage of composite talents in fields like low-altitude economy, particularly in drone development, poses a challenge to the large-scale application of these technologies [2] Group 3: Future Directions - The need for a dynamic training mechanism that adapts to rapid technological advancements in artificial intelligence and smart manufacturing is highlighted [3] - Recommendations include linking vocational skill assessments to technological developments and promoting a lifelong learning system to keep pace with industry changes [3]

暑期出游时，"空包出行，闪购防晒用品"成为更多游客的选择。6月份以来，美团闪购防晒衣、皮肤衣成交额同比增长 150%；防晒霜成交额同比增长140%；近期流行的"防晒口罩"销量快速增长。大量订单备注"送到景区、酒店"，迪卡侬、蕉 下、名创优品等品牌商品闪购热销。 应消费者夏季"消暑家电快速换新"需求，美团闪购此前联合格力、TCL、美的、海尔、奥克斯等头部家电品牌推出"空调半 日送装"服务、落地"国补"，更好更快帮助消费者避暑。 本报讯 （记者梁傲男）7月16日早间，中央气象台继续发布高温橙色预警。各地市民防暑需求激增，带火了"清凉经 济"，"闪购消暑用品，快速降温"成为突出消费趋势。 6月份以来，美团闪购空调成交额同比增长近9倍；冰箱成交额同比增长近4倍；桌面风扇、手持风扇、挂脖风扇等各类风 扇成交额同比增长近2倍。据悉，目前美团闪购正联合苏宁，探索落地更快的"空调两小时送装"服务，优化用户的"消暑体 验"。 美团闪购数据显示，入夏后，冰饮、防晒用品、"消暑家电"等多类商品销量多倍增长，"闪购冰饮，空调半日换新"成为今 夏防暑标配。6月以来，美团闪购食用冰成交额同比增长220%；冰杯成交额同比增长210%；制冰 ...

在债基家族中，一级债基相当于"纯债+转债"的"双债"增强策略。这类产品主投债券资产，不直接投资股票，但有部分仓 位投资可转债资产，通过可转债"上可转化成股票，下有债底支撑"的特征，以追求更高的收益。 如何在可转债仓位有限的情况下，提升策略有效性做到收益增强？据悉，景顺长城安悦180天持有期债基在转债投资上更 为精细，通过采取"杠铃"式的转债配置结构，一端持有偏稳健型的大盘转债和高到期收益率转债，力争为组合提供稳定收益； 另一端则精选股性较强的成长转债，为组合增加弹性，整体追求稳中有进。 同时，为了给投资者更好的持有体验，景顺长城安悦180天持有期债基一方面引入了风险预算机制，即每天判断当下的风 险并据此进行资金分配，从而约束组合的风险敞口，进一步降低组合的波动。另一方面设置了持有满180天即可免除赎回费， 并且0.20%/年的管理费率+0.05%托管费率也大幅低于市场上同类型基金的平均水平。 资料显示，景顺长城安悦180天持有期债基拟任基金经理米良，拥有11年证券、基金从业经验，6.6年投资经验，投资风格 积极稳健，对资金面敏感，擅长短端利率机会把握，交易灵活果断。米良管理过包括货币基金、指数型债基、主动管理 ...

光谷创新发展研究院院长赵荣凯表示，光谷"瞪羚精选"企业就像火箭班的"尖子生"，具有行业赛道新、 创新能力强、投资价值高等特征，呈现"5678"特点，即企业平均研发人员占比超50%，平均每家企业近 三年获得股权融资超6000万元，七成企业处于赛道第一梯队，超八成企业处于集成电路、智能机器人、 生物制造前沿赛道。 长江证券股份有限公司副总裁王承军表示，当前国家通过资本市场改革疏通并购渠道，实质是打造"研 发-孵化-产业化-资本循环"的创新生态闭环。这不仅为硬科技企业提供了更广阔的成长空间，也引导社 会资本更积极地投向早期、高风险的核心技术研发领域。未来，伴随政策深化，资本市场有望进一步成 为硬科技创新的"助推器"与"稳定器"。 东湖高新区相关负责人表示，光谷是全国率先开展瞪羚企业培育的地区之一，经过多年探索，已形成了 瞪羚企业"发现遴选-精准培育-资源链接"服务体系，已累计认定培育光谷瞪羚企业1862家，从中走出上 市企业26家、独角兽企业8家。接下来，东湖高新区将重点依托"瞪羚精选"培育体系，瞄准企业成长痛 点、难点，进一步整合政策、资金与服务资源，完善精准化、专业化、国际化培育工作，推动企业加速 跃升，为东湖 ...

Core Viewpoint - Geely Automobile has signed a merger agreement with Zeekr, aiming to enhance its global competitiveness and growth in the smart electric vehicle sector through full control of Zeekr [1][2] Group 1: Merger Details - Geely will acquire all issued shares of Zeekr, achieving complete control, with Zeekr set to delist from the NYSE [1] - The merger allows Zeekr shareholders to choose between cash exit or exchanging for Geely shares, providing flexibility for short-term liquidity and long-term value [1] - Geely's offer of $2.687 per Zeekr share represents an 18.9% premium over the last closing price, reflecting Geely's recognition of Zeekr's value [2] Group 2: Strategic Integration - The merger aligns with Geely's "Taizhou Declaration," focusing on deep resource integration and efficiency improvement across its business segments [1][2] - The integration aims to eliminate resource dispersion and internal competition among Geely's multiple brands, enhancing overall operational efficiency [3] Group 3: Synergy and Competitive Advantage - The merger will enable Geely to cover various powertrain forms, including fuel, pure electric, plug-in hybrid, and hydrogen electric, significantly boosting its competitiveness in the smart electric vehicle market [5] - The integration is expected to release synergies that enhance both short-term cost optimization and long-term technological innovation [5] - Geely's global manufacturing network combined with Zeekr's technology will facilitate entry into key markets like Europe and Southeast Asia, enhancing its high-end product export capabilities [6]

三是创新财政资金运作模式，打造全生命周期管理机制。《管理办法》创新"先期科技立项+后期择优 持股"模式，使财政支持从传统的单向补贴转变为可循环的创新资本。通过"社会化筛选、专业化审查、 集体性决策"三层评审机制严把入口关，引入专业投资机构全流程跟踪管理、风险监控，构建覆盖项目 全生命周期的闭环管理体系。 天津OTC相关负责人表示，下一步，天津OTC将协同天津滨海高新区做好政策宣传推广，开展首批"先 研后股""先投后股"项目立项征集工作，为"认股权"协议的签约、登记、托管等相关程序做好配套服务 支持。同时，发挥天津OTC综合服务平台的作用，赋能科研项目、科创企业实现高质量发展。 此外，天津OTC将继续探索"金融机构+认股权""园区服务+认股权"等更多服务场景，构建完善认股权登 记托管、估值流转等全流程服务体系，更好地服务科技创新和成（002001）果转化，助力我市金创区建 设，做好科技金融大文章。 近日，天津滨海高新区制定并印发《天津滨海高新区科技成果转化"先研后股""先投后股"项目管理办法 (试行)》(以下简称《管理办法》)，在全国范围内率先探索依托"认股权"模式，制度化、规范化、批量 化开展科技成果转化"先 ...

7月15日，中化装备（600579）科技（青岛）股份有限公司（以下简称"中化装备"）发布公告称，公司 拟购买中国化工装备有限公司（以下简称"装备公司"）持有的益阳橡胶塑料机械集团有限公司（以下简 称"益阳橡机"）100%股权、北京蓝星节能投资管理有限公司（以下简称"蓝星节能"）持有的蓝星（北 京）化工机械有限公司（以下简称"北化机"）100%股权，并向不超过35名符合条件的特定投资者发行 股份募集配套资金。公司股票已于7月15日起停牌。 高溢价收购百年德企终抱憾离场 除了业绩的每况愈下，高额薪酬、管理不善等海外资产收购的"水土不服"症状愈发明显。在无法有效改 善业绩的情况下，中化装备采取裁员、出售资产等方式挽救业绩。2024年12月31日，中化装备宣布完成 出售装备卢森堡90.76%股权，装备卢森堡由中化装备全资子公司变更为参股子公司。 "中化装备将海外收购资产出清控制权的结局凸显了跨国并购的复杂性。"博星证券研究所所长兼首席投 资顾问邢星在接受《证券日报》记者采访时表示，"中国企业在进行海外资产收购时，应更加审慎评估 目标企业的实际价值、市场潜力及整合难度，制定科学合理的并购策略和整合计划。" 中化装备此次 ...

Group 1 - The total margin financing balance in the Shanghai, Shenzhen, and Beijing markets reached 1,885.39 billion yuan, with the financing balance accounting for 98.99% of this total [1] - A total of 108 companies experienced net financing inflows exceeding 100 million yuan, with BYD, Zijin Mining, and Zhongji Xuchuang leading the inflows [1] - The increase in margin financing indicates a growing confidence among investors, who are willing to use leverage to amplify investment returns [1] Group 2 - Among the 108 companies, 80 saw their stock prices increase during the period, with some, like Shanghai Steel Union and Shanghai Dazhihui, achieving over 20% growth [2] - 96 out of the 108 companies reported profits in the first quarter, representing 88.89% of the total, with four companies exceeding 10 billion yuan in net profit [2] - 46 companies have already disclosed mid-year performance forecasts, with 31 expecting positive results, indicating potential improvements in their fundamentals [2] Group 3 - The 108 companies are primarily from the non-bank financial and non-ferrous metals sectors, with 19 and 15 companies respectively [3] - The preference for non-bank financial stocks is attributed to the expansion of the stock market and the continuous development of the bond market, providing ample business opportunities [3] - In the non-ferrous metals sector, rising resource prices significantly enhance company performance, making these stocks attractive to investors [3]

智能汽车的安全与可靠性，始终是智能化进阶的核心命题。清华大学车辆与运载学院院长王建强在论坛 上表示，当前智能汽车正从低等级辅助驾驶向高等级自动驾驶跨越，但复杂长尾场景下的事故频发，暴 露出"感知-认知-决策"全链路的技术短板。 "特斯拉事故反映感知系统误检，Waymo事故暴露风险认知不足，Uber事故源于决策误判，"他直言，规 则驱动与数据驱动的传统路线已难以满足L4+级别自动驾驶需求。前者依赖预设规则，难以应对开放场 景；后者陷入"黑箱决策"，泛化能力受限于训练数据。 为此，王建强提出"认知驱动"的第三条技术路线：融合规则驱动的可解释性与数据驱动的学习能力，借 鉴人类基于常识与经验的决策模式，构建"感知-认知-决策"闭环体系。例如，在感知层融合物理状态估 计与语义理解，提升复杂环境重构精度；在认知层通过"行车安全场"建模与深度学习结合，实现风险动 态预测；在决策层引入大语言模型推理，支持类人自适应决策。这一路线已在部分场景验证其优势，能 显著提升智能汽车对极端场景的应变能力。 中国汽车工业协会日前发布的数据显示，今年上半年，新能源汽车产销分别完成696.8万辆和693.7万 辆，同比分别增长41.4%和40 ...

Industry Overview - The steel industry, which has been sluggish for years, may be emerging from its low point, with 20 listed steel companies in the A-share market providing optimistic mid-year performance forecasts for 2025 [1] - Several companies, including Benxi Steel and Ansteel, reported a better outlook for the steel industry compared to the same period last year, indicating a weak balance between supply and demand in the market [1] Performance Forecasts - Benxi Steel expects a net loss of 1.405 billion yuan for the first half of the year, a reduction in loss by 9.4% year-on-year, while Ansteel anticipates a net loss of 1.144 billion yuan, a significant reduction of approximately 57.46% compared to the previous year [2] - Overall, 17 out of the 20 companies that released forecasts are expected to show varying degrees of growth or improvement in their performance [2] Profitability Trends - According to the China Iron and Steel Association, key steel enterprises achieved a total profit of 40.9 billion yuan from January to May, a year-on-year increase of 56.96%, with an average profit margin of 1.93%, up 0.80 percentage points year-on-year [2] - The reduction in upstream raw material prices and increased demand from downstream sectors such as automotive and manufacturing, driven by policies promoting stable growth and consumption, have positively impacted steel companies' profitability [2] Challenges Faced by Some Companies - A few companies, such as Lingyuan Steel and Fushun Special Steel, are experiencing worsened losses or turning to losses due to various factors, including increased fixed costs and declining product orders and prices [3] - Lingyuan Steel expects a net loss of approximately 577 million yuan, while Fushun Special Steel anticipates a loss between 260 million and 300 million yuan, citing reasons such as increased tax expenses and rising quality control costs [3] Future Outlook - The overall recovery in profitability presents an opportunity for the steel industry to improve processes and adjust product structures, with a focus on enhancing product quality and phasing out outdated production capacity [3] - The ongoing "anti-involution" trend in the industry is expected to further improve the supply-demand dynamics and accelerate the recovery of industry prosperity [3]