【#上纬新材盘中涨停#】11月11日，上纬新材盘中涨停，涨幅20.0%，成交额超20亿元。（每经） ...

Core Insights - The Shanghai Composite Index has notably surpassed the 4000-point mark for the first time in ten years, indicating a significant market rebound and attracting increased investment from private equity funds [1] - Private equity firms have shown strong confidence in the long-term value of A-shares and economic recovery, leading to higher allocation levels and a record high in private equity positions [1] - As of October 31, 2025, the stock private equity position index reached 80.16%, marking a 0.79% increase from the previous week and the first time it has crossed the 80% threshold this year [1] Private Equity Performance - The performance of private equity products has been outstanding this year, with an average return of 29.57% for 74 billion-yuan private equity firms as of October 31, 2025 [2] - A significant 97.30% of these firms reported positive returns, indicating strong investment capabilities and market adaptability [2] - Quantitative private equity firms have outperformed subjective firms, with average returns of 32.88% compared to 25.12% for subjective firms, highlighting the advantages of quantitative strategies [2][3] Growth in Private Equity Firms - The number of billion-yuan private equity firms surged to 113 by October 31, 2025, an increase of 17 firms from the previous month, showcasing the industry's vitality [4] - The growth is attributed to the concentration of resources among leading firms, which attract more capital due to their research capabilities and risk management systems [4] - Among the new entrants, 10 are quantitative private equity firms, emphasizing the dominance of quantitative strategies in the current market [4][6] Market Dynamics - As of October 31, 2025, quantitative private equity firms accounted for 55 out of 113 billion-yuan firms, representing 48.67% of the total, while subjective firms made up 41.59% [6] - The future of the private equity industry is expected to be diversified, with different investment models coexisting and complementing each other [6] - Quantitative firms are likely to maintain strong growth due to their market adaptability, while subjective firms will continue to provide value through in-depth research and macro trend analysis [6]

作为国内首批投入AI新浪潮的基金公司之一，中银基金早在2009年中银基金就已组建了量化投研团 队。 以量化研究员为例，当前AI 的价值首先体现在把非结构化、多源、海量的"边缘数据"低成本地纳入因 子框架。 早期研究员采用BERT等轻量级神经网络对上市公司公告进行情感分析，开创了文本数据量化分析的先 河。随着随着大语言模型成为新的技术基座，数据处理的广度和深度都得到了质的飞跃，把数据量更大 的券商研报、论坛评论等纳入语义分析，并对公司公告中的隐语进行识别。这些实践证实，AI 技术可 以在传统因子体系之外提供信息增量。 《推动公募基金高质量发展行动方案》明确提出，促进行业高质量发展，加快建设一流投资机构，鼓励 基金公司加大对人工智能、大数据等新兴技术的研究与应用。 当 DeepSeek 等国产开源大模型 渗透证券业务的各个脉络，公募基金行业正站在技术驱动的历史拐点。 AI正日益成为基金行业转型升级的核心引擎。中银基金已自主完成从数据库到投资策略模型的构建。 同时逐步形成了自己的特色，自主构建因子库，阿尔法模型、风险模型、优化器模型、归因模型等，严 格把控策略构建的各个环节。 探索投研系统AI应用 尽管AI技术展现 ...

Core Insights - The article emphasizes that ESG has evolved from an additional requirement to a core competitive necessity for Chinese enterprises, with Haier Biomedical showcasing a model of integrating ESG into sustainable growth through technology-driven practices [1][7] - Haier Biomedical's approach to ESG is rooted in its technological advancements, demonstrating that ESG can be a product of continuous innovation rather than a separate cost center [1][2] Group 1: Technological Innovation and ESG - Haier Biomedical's Eco-Drive technology has improved energy efficiency by 30%, achieving the highest efficiency level globally while maintaining operational stability [2] - The daily energy consumption of a low-temperature refrigerator has decreased from over 20 kWh in 2005 to 4.165 kWh in 2024, marking an 80% reduction over 20 years [2] - The ART intelligent control technology in stability test boxes has achieved an 80% energy savings while maintaining strict temperature control [2][3] Group 2: Economic Benefits and Efficiency - The energy savings from a new ultra-low temperature refrigerator can cover its initial purchase cost within approximately 6.7 years, saving 2.2 million yuan over ten years for a medium-sized sample library [3] - For a large sample library with 400 units, the savings can reach 11.2 million yuan over the same period, demonstrating the economic benefits of energy-efficient technologies [3] Group 3: Comprehensive ESG Integration - Haier Biomedical integrates ESG throughout its entire value chain, from procurement to manufacturing, logistics, and product lifecycle [4][5] - The company promotes "green procurement agreements" with suppliers, emphasizing the use of environmentally friendly materials and local sourcing to reduce carbon emissions [4] - The establishment of a national-level "green factory" and the largest low-temperature cold chain base in the Asia-Pacific region further exemplifies its commitment to reducing operational carbon footprints [4] Group 4: Global Impact and Innovation - Haier Biomedical has developed solar-powered vaccine refrigerators to address storage challenges in regions with inadequate electricity coverage, ensuring vaccine safety even in extreme conditions [6] - The company has expanded its services to over 160 countries, showcasing Chinese innovation in global public health solutions [6] - The launch of the "green ecological co-construction initiative" at the Import Expo signifies a collaborative approach to sustainability within the industry [6] Group 5: Lessons for the Industry - Haier Biomedical's ESG practices provide a replicable model for Chinese listed companies, emphasizing the integration of technological innovation with business growth [7] - The company's journey illustrates that ESG is not merely a reporting obligation but a fundamental aspect of operational strategy and product development [7] - The deep integration of ESG into business operations positions Haier Biomedical favorably in attracting long-term investors in the capital market [7]

Core Insights - FusionAi, a provider of comprehensive AI solutions for healthcare, announced the completion of a 50 million RMB Pre-A round financing [1] - The financing round was led by Yuan Yi Capital, with additional investment from Changling Capital, and Guangyuan Capital served as the exclusive financial advisor [1] - Since the launch of its self-developed large model at the end of 2022, FusionAi has increased its R&D investment and launched an AI-generated electronic medical record system in May 2023, marking the application of generative AI in core hospital business processes [1]

近日，华润三九官微披露，公司与琅钰集团、Bioprojet三方签订协议，正式获得了琅钰集团所持有的创 新药"铧可思（替洛利生片）"在中国大陆开发、生产和商业化的独占权利。 目前，该产品已纳入国内医保、完成全国各省挂网工作并进入多个 EDS 相关指南，为患者提供了更安 全、有效和便捷的治疗新选择，填补了国内发作性睡病临床用药的空白。 （华润三九微信公众号） 发作性睡病是全球公认的罕见病之一。据估计全球约有300多万患者，我国潜在发作性睡病患者数量约 30–70万人。作为一种罕见的以大脑觉醒睡眠维持能力受损的慢性神经系统疾病，发作性睡病通常被认 为是终身性疾病，患者往往会在白天反复且不可抗拒地入睡、猝倒、入睡前幻觉及睡眠瘫痪等"四联 症"症状，除影响正常生活外，也有跌倒后受伤乃至死亡的风险。 ...

随着人工智能技术持续发展，博时基金积极部署，将人工智能技术与投研业务相结合，赋能投资研究团 队。 博时基金于2018年成立金融科技中心，开始进行人工智能算法研究与应用。2023年，公司成立人工智能 实验室，由首席数字官直接管理，负责与投研部门、风险管理部门、交易部门深度对接相关需求，并直 接应用于投研效率提升、组合风险管理、交易头寸管理等多方面，从投研管理、风险管理等多方面提升 效率，增强科技研究能力。 目前，博时基金运用人工智能技术，正在向辅助投研决策方面进行突破。博时基金结合Deep Seek推理 能力及大模型多模态能力进化，在捕捉市场热点、提升个股盈利预测与定价能力、个股推荐与投资策略 研发等三个方向进行深度研究，从而构建投资策略，为基金经理提供个股推荐与配置参考。 未来，博时基金将利用人工智能技术，将投资经验转化为可继承的数字资产，形成"知识获取→智能生 产→决策赋能→经验沉淀→AI学习增强"回路，推动人工智能技术在投研领域，从信息处理工具升级为 认知决策伙伴，从单点应用突破演变为智能Agent生态链，从内部提质增效手段进化为基金行业的基础 设施，助力做好"数字金融"大文章。 博时基金运用人工智能技术 ...

以AI破局，推动业务深度转型 近年来，资管行业面临着效率提升、风险控制、服务创新等多重挑战，传统业务模式亟待数字化转型。 在此背景下，人工智能通过高效处理海量信息、推动流程自动化，能够优化投研分析效率、降低运营成 本并提升客户服务体验，助力公募基金机构在数字化转型中构建差异化优势，更精准高效地服务投资者 并赋能实体经济。 诺安基金敏锐捕捉到AI技术带来的变革机遇，主动响应行业数字化转型趋势，以科技赋能业务为核心 战略，致力于通过构建智能化平台提升核心竞争力，推动业务高质量发展。 早在三年前，诺安基金便开启了AI技术的沉淀之路，不断推动AI与资管业务深度融合。通过私有化部 署小模型，搭建起涵盖图片内容提取、语音转文本、文本转语音及文档摘要生成等功能的AI基础能力 平台。同时，基于开源框架自主研发统一AI模型网关，实现多模型协同调度与AI资源的高效管理，这 些前期投入为后续AI技术的深度应用奠定了坚实基础 目前，诺安基金正在投研数据智能处理、客户标签动态分析、中后台流程自动化等领域展开多轮"小步 快跑"式探索实践。 2025年成为诺安基金AI赋能业务发展的关键节点。2月，诺安基金完成DeepSeek金融大模型的本 ...

AI赋能投研，加强投研能力建设。构建投研一体化数字平台，全面赋能研究、投资、交易业务，打通 研究管理、组合分析、交易执行等投研全流程，完成数据门户二期开发上线，丰富海外宏观数据，提供 多个行业数据研究专题。完成基金监控订阅能力建设，支持全市场动态跟踪，帮助投资经理提升投资决 策与管理效能。搭建投研知识数字化体系框架，实现全域知识融合与AI摘要能力，并建设多种AI模型 实现多元化投研数据分析，如会议机器人支持电话会议录制和纪要提炼，研报翻译助力外文资料中文 化，显著提升信息处理与研究效率，深化投研数据整合分享与应用，促进投研互动。实现交易流程的全 面线上化，提供覆盖全市场、全品种的高效、稳定、合规的交易支持，同时通过RPA（机器人流程自动 化）技术显著提升交易效率、降低风险。 在全球经济不确定性加剧与国内金融业迈向高质量发展的背景下，AI大模型正引领新一轮技术革命， 数据与智能已成为核心要素。在金融行业，这一趋势尤为凸显：传统业务模式面临效率瓶颈、风险形态 多变、体验升级等多重压力，而AI 技术正在革新传统资管行业流程与模式，渗透智能投研、组合管 理、客户服务、实时风控等领域，勾勒出未来竞争力的新边界。如何把算 ...

AI技术在模型优化上的突破，让量化策略从依赖历史回测的静态模型，升级为能够实时迭代的智能决 策系统，有效解决了传统模型"过拟合"与"适应能力弱"的痛点。传统多因子模型优化多聚焦回测指标提 升，而鑫元量化将AI应用于"个股对比研究"，通过机器学习对个股的基本面、量价特征、资金流向进行 深度拆解，找到"牛股"的共性量化逻辑，再转化为可落地的因子与模型参数。例如，在事件驱动"打 猎"模型中，AI会筛选出宏观、中观、微观维度同时触发信号的个股，实现"多维共振"选股，这类个股 的独立上涨概率较传统策略提升40%。结合"春夏秋冬"大格局模型，AI实现了策略的动态调整，通过分 析量价信息、期权隐含波动率等数据，自动识别市场所处阶段，进而调整股票组合与衍生品的配比，如 2024年9月，AI识别市场切换至"春"格局后，自动将股票仓位提升至95%，并加大进攻型因子权重，精 准把握小盘成长风格行情。此外，AI技术让交易从"被动执行"升级为"智能决策"，通过构建交易成本模 型，根据市场流动性、冲击成本实时调整下单节奏与拆分方式，将滑点降低至0.15%以内，同时回溯历 史交易数据持续优化算法，让策略的实际收益更接近理论收益。 当量化投 ...