登录新浪财经APP 搜索【信披】查看更多考评等级 【导读】科创板"1+6"新政落地：破冰资本困局 浇灌"硬科技"未来 科创板"1+6"新政落地： 破冰资本困局 浇灌"硬科技"未来 中国基金报记者 方丽 陆慧婧 科创板成长层落地 7月13日，上海证券交易所正式发布《科创板上市公司自律监管指引第5号——科创成长层》（以下简称 《科创成长层指引》）及六项配套业务规则（以下简称"1+6"新政），在科创板开板六周年之际，在中 国资本市场深化改革进程中落下关键一子。 多位业内人士表示，这套酝酿已久的政策"组合拳"精准支持技术有突破、前景广阔但未盈利科技型企业 的制度创新，直击未盈利"硬科技"企业融资痛点，通过设立科创成长层、优化上市标准、强化投资者保 护等系统性设计，为人工智能、商业航天、生物医药等新质生产力核心领域开辟资本通道。 制度包容性再升级 《科创成长层指引》等配套业务规则发布，市场期待已久的科创成长层正式落地。 科创板从上市到新"国九条"重新定义，持续强调"硬科技"定位。本轮改革更好地打通了高成长"硬科 技"企业的投融资两端，使得科创板定位更加明确，其中不少亮点受到公募投研人士关注。 招商中证科创创业50ETF ...

Group 1 - Hong Kong government positions AI as a key industry, leveraging its status as an international data hub to foster innovation and development in AI and data within the Greater Bay Area [1] - The collaboration between Hong Kong Cyberport, Guangzhou Data Exchange, and China Unicom International aims to promote cross-border data cooperation, focusing on sectors like financial risk control, healthcare, and cross-border trade [2] - The Hong Kong government has signed a memorandum with the National Internet Information Office to facilitate cross-border data flow in the Greater Bay Area, enhancing data security and compliance [2] Group 2 - The Hong Kong government plans to establish a research institute to guide AI innovation and application, aligning with the national "AI+" strategy [3] - An open data platform provides over 5,500 datasets from various government departments and agencies, promoting transparency and innovation in data usage [3] - The Cyberport will launch the largest AI supercomputing center in Hong Kong by the end of 2024, supporting startups from R&D to market promotion [3] Group 3 - The Hong Kong government has allocated HKD 3 billion for a three-year AI funding program, with approximately HKD 300 million already granted to projects in various fields, including large language models and synthetic biology [4] - As of June 2023, over 90% of the computing power from the approved projects has been utilized, indicating strong engagement with the AI supercomputing center [4]

业内人士分析，法巴农银理财的产品布局较为均衡，封闭型产品业绩基准达标率较好。加上农业银行大 力支持，形成良性循环，整体规模增长较快。 此前，法巴农银理财总经理Alex Werno接受本报采访时表示，其产品布局主要聚焦三个方向。首先，扩 充QDII（合格境内机构投资者）产品类型，充分利用法方股东的资源优势；其次，加强量化能力的开 发，通过量化模型控制产品的相对风险水平；第三，增加短期开放式产品供给，扩大"T+1"类型产品规 模。 贝莱德建信理财瞄准三大发展方向 贝莱德建信理财的发展势头同样强劲。2021年成立至今，规模持续增长。贝莱德建信理财总经理张鹏军 透露，目前公司已推出120只产品，最新规模超过513亿元；其产品线较为完整，分为八大系列，覆盖从 R1到R5各风险等级，包括人民币和外币、公募和私募等不同形态，能够较为全面地满足不同投资者的 需求。 张鹏军介绍了贝莱德建信理财的三大核心发展目标。第一是养老理财。贝莱德建信是目前唯一一家同时 拥有"养老理财"和"个人养老金"产品发行试点资格的合资理财公司，已推出3只养老产品。其中，贝安 心是首只10年期养老理财产品，过去两年表现出色；贝嘉目标风险已进入个人养老金 ...

【导读】原中国银保监会副主席、全国社保基金理事会原副理事长陈文辉：2025年将是AI在金融业应 用的转折之年 7月20日，在数字金融合作论坛与深圳香蜜湖国际金融科技研究院联合举办"产业数字金融高质量发 展"专题研讨会暨课题发布会上，原中国银保监会副主席、全国社保基金理事会原副理事长陈文辉出席 并发表了《加大金融机构数字化转型力度 积极拥抱金融的AI时刻》的主题演讲。 陈文辉表示，数字化浪潮具有革命性，已经并将继续给经济社会带来全方位改造，数字经济下半场更精 彩；金融业正在进入AI时刻，2025年将是AI在金融业应用的转折之年。 以下为陈文辉演讲的主要内容： AI推动范式跃迁 数字经济下半场更精彩 数字化浪潮具有革命性，已给各行各业带来重大冲击，并将继续全方位改造各行业。 近年来，互联网、大数据、云计算、人工智能、区块链等技术加速创新，日益融入经济社会发展各领域 全过程。 在陈文辉看来，数字经济是第四次工业革命的标识，计算机算力、存储容量、通信速度均高速增长，数 据正成为主要生产要素，人类正从工业时代迈向数字时代。而在数字化浪潮下，无论历史多么悠久、体 量多么巨大的行业，都有被完全颠覆的可能性。 "核心业务逻辑 ...

【导读】港股主题基金业绩亮眼，基金经理预计下半年港股市场或呈结构化牛市 今年以来，港股强势反攻，领跑全球主要指数。港股主题基金表现出色，年内单位净值增长率最高已超 130%，暂居全市场公募基金业绩榜首；涨幅排名前20的基金中，港股主题基金占据八席。 多位业内人士表示，预计下半年港股市场或呈结构化牛市，政策倾斜的科技成长（AI、机器人、自主 可控等）和消费细分领域（创新药、新消费等）相对占优。 港股主题基金 年内业绩最高超130% Wind数据显示，截至7月18日，恒生指数年内涨幅超23%，领跑全球主要指数。港股市场表现亮眼，带 动港股主题基金表现突出，其中，汇添富香港优势精选A以133.73%（7月17日披露数据）的年内净值增 长率领先，暂居全市场公募基金业绩榜首；中银港股通医药A则以105.43%的年内净值增长率成为又一 只"翻倍基"。在业绩排名前20的基金中，港股主题基金占据八席，其余产品也持有20%~40%不等的港 股仓位。 港股2021年开始连续下跌，2024年自估值洼地反弹。永赢港股医疗ETF基金经理储可凡认为港股表现强 势主要有三点原因：一是受益于产业层面的积极变化，各类人工智能大模型的推出、创新 ...

Core Insights - The launch of the CSI 1000 index futures and options has marked a significant milestone in China's capital market reform, enhancing the product system for index futures and addressing the hedging needs for small-cap stocks [3][4] - The CSI 1000 index is expected to evolve into a "Chinese version" of the Russell 2000 index, focusing on small-cap growth stocks and providing diverse investment opportunities [7][9] Expansion of Index Funds - Since the launch of the CSI 1000 index futures and options, there has been a substantial increase in related index funds, with 41 out of 59 funds established post-launch, including 34 enhanced index products [6] - The CSI 1000 ETF's scale doubled within a year of the futures launch, with net inflows reaching 14.076 billion yuan [4] - The average daily trading volume of the CSI 1000 ETF surged by 597.5%, from 2.19 billion yuan to 15.28 billion yuan [4] Market Impact and Future Outlook - The CSI 1000 index is seen as a crucial tool for investors looking to tap into small and medium-sized enterprises, with a total market size of 148.6 billion yuan projected by mid-2025 [8] - The index's focus on small-cap stocks, particularly those classified as "specialized and innovative," is expected to attract more investment and enhance pricing efficiency [3][8] - The development of the CSI 1000 index ecosystem, including futures, options, and ETFs, is anticipated to provide more diverse investment options and improve market liquidity [9]

Core Viewpoint - The China Securities Association has issued guidelines to enhance self-regulation and promote high-quality development in the securities industry, focusing on investment banks and financial advisory services in mergers and acquisitions (M&A) [1] Group 1: Regulatory Support and Industry Trends - The new guidelines encourage securities firms to increase their involvement in M&A advisory services, which have become a primary revenue source since the introduction of the "M&A Six Guidelines" in 2024 [1] - In 2024, the total net income from financial advisory services among 42 listed securities firms reached 4.442 billion yuan, indicating significant industry differentiation [1] - Leading firms dominate in areas such as state-owned enterprise acquisitions and cross-border M&A, while smaller firms focus on niche markets and regional transactions [1] Group 2: Strategic Initiatives by Securities Firms - Securities firms are responding to the new guidelines by establishing dedicated M&A teams, optimizing resource allocation, and enhancing technological capabilities to support M&A activities [3][4] - Companies like Huazhang Securities have restructured their organizations to prioritize M&A, forming specialized departments and integrating external expertise to improve service delivery [3][4] - The establishment of dedicated industry groups, such as those focusing on semiconductors and renewable energy, aims to enhance industry understanding and service integration [4] Group 3: Challenges and Competitiveness in M&A - The complexity of M&A transactions requires investment banks to improve their operational capabilities, particularly in asset pricing and deal structuring [6][7] - The scarcity of quality targets and the need for innovative solutions in valuation and transaction design are critical for successful M&A [6][8] - Investment banks must adapt their strategies to enhance their asset pricing and matchmaking capabilities, moving away from standardized IPO processes to more tailored approaches [6][8] Group 4: Differentiation Strategies for Smaller Firms - Smaller securities firms are advised to focus on niche industries and regional markets to build specialized knowledge and client relationships [11][12] - By enhancing transaction design and compliance capabilities, smaller firms can create unique service models that differentiate them from larger competitors [11][12] - The evolving M&A ecosystem will require collaboration among various market participants, with smaller firms leveraging their agility and local insights to compete effectively [12]

【导读】遭遇赎回、销售遇冷，此前大热的QDLP产品降温了？记者一线调查来了 日前，有市场传闻称过去两年火热的QDLP产品，近期遭遇赎回，渠道承压。记者采访多家渠道和管理 人了解到，传闻有夸大成分。近期，部分QDLP产品的确有被赎回，但赎回的规模有限，完全在正常范 围内。 机构人士表示，随着市场变化，投资者偏好变化实属正常，没有一种策略或产品类型可一直享受"高光 时刻"。外资机构需做好投资者服务等工作，持续推出能满足客户需求、可真正分散组合风险的产品， 为投资者提供多元化的选择。当前，具有差异性的优质产品依然受到投资者的欢迎。 记者调查：赎回规模有限 过去一两年QDLP产品热销，份额难求，时常被"秒光"。此前记者了解到，QDLP最火热的时候，听闻 管理人获批额度，渠道立马"上门"，产品上架前就被订购一空。在此背景下，今年"QDLP产品遭赎 回"的市场传闻格外引人关注。 QDLP全称为合格境内有限合伙人，在相关制度安排下，其允许机构从境内合格投资者处募资投向海外 市场。自2012年在上海试点以来，QDLP制度已有超过10年的发展历史。一批外资机构借由QDLP制度 进入中国市场，触达中国投资者，满足其多元化配置需求 ...

Core Insights - UBTECH Robotics has won a procurement project worth 90.5115 million yuan, marking a record high for a single bid amount in the humanoid robot sector [2][4][5] - This win indicates an acceleration in the commercialization process of the humanoid robot industry [2][10] Group 1: Project Details - The procurement project was awarded by Miyi (Shanghai) Automotive Technology Co., Ltd., which focuses on automotive export trade [8] - The total contract amount for this project is 90.5115 million yuan, making it UBTECH's largest project to date [4][5] - UBTECH has a total of 74 bids, with a cumulative bid amount of 246 million yuan [5] Group 2: Market Context - Prior to this, the highest bid amount for UBTECH was 72.995 million yuan, with most projects being under 1 million yuan [5] - The recent trend shows that procurement projects are increasingly being awarded by commercial enterprises rather than just educational and research institutions [10][11] Group 3: Competitive Landscape - Other companies in the humanoid robot sector, such as Zhiyuan Robotics and Yuzhu Technology, have also secured significant contracts, including a joint bid worth 124.05 million yuan [10][11] - Unlike its competitors, UBTECH has already been listed on the Hong Kong Stock Exchange as of December 29, 2023 [12] Group 4: Financial Performance - As of July 18, UBTECH's stock price was 85.75 HKD per share, with a total market capitalization of 37.88 billion HKD [13]

深圳晚报综合深圳天气 、深圳地铁 刚刚 第6号台风"韦帕" 已于20日17时50分前后 在广东江门台山海宴镇沿海登陆 登陆时中心附近最大风力12级（33米/秒） 中心最低气压975百帕 预计，"韦帕"将以20到25公里的时速 向西偏南方向移动 深圳市暴雨预警信号降级为黄色 台风预警信号降级为蓝色 深圳市气象台2025年07月20日17时12分将分区暴雨红色和分区暴雨橙色预警信号降级为全市暴雨黄色预警信号，雨势减弱。受台风"韦帕"外 围环流影响，今天夜间到明天我市间歇性降雨频密，仍有暴雨局地大暴雨，请继续防御暴雨可能引发的局部内涝、山洪等灾害。 此外，深圳市气象台2025年07月20日17时30分将全市台风黄色预警信号降级为蓝色，预计今天傍晚至夜间我市风力逐渐减弱，但降雨仍频 密。 为尽量满足旅客出行需求 后续还会视情况持续加开列车 因台风降雨大风天气 列车运行将出现不同程度的晚点 深圳铁路已按计划恢复列车运行 目前，依据台风走向和影响 深圳北站、深圳站、深圳东站、福田站 自15时起已按照计划恢复列车运行 各个方向列车逐步开出 由此带来的不便 敬请广大旅客谅解 地铁逐步恢复正常运营服务 刚刚，深圳地铁发布最新运 ...