的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 格隆汇10月20日｜港股科技股全线高开，恒生科技指数高开近4%。其中，网易涨超6%，携程集团、百 度集团、京东集团涨超5%，ASMPT、阿里巴巴、京东健康、舜宇、蔚来、快手、海尔智家(600690)、 哔哩哔哩涨超4%，中芯国际、华虹半导体、金蝶国际、商汤、地平线机器人、小鹏汽车、美团、比亚 迪(002594)电子、阿里健康涨超3%，腾讯涨2.6%。 (责任编辑：宋政 HN002) ...

多年前，阿布扎比更依赖从外部直接购买技术服务，但随着经 济多元化战略的推进，政府部门意识到科技自主研发能力的重 要性。在一些关键技术上，除了从外部购买，更需要"自力更 生"，开发自有技术。 作者： 田进 封图：图虫创意 9月中旬，在阿联酋经济与旅游部组织的官方访华活动期间，阿布扎比商会总干事阿里·穆罕默德·阿勒·马尔祖基（下称"马尔祖基"）带领多家当地企 业奔赴北京，重点关注人工智能（AI）与智能机器人领域。 谈及此次行程，马尔祖基说，阿布扎比已成为中东和北非地区发展最快的人工智能中心。而在人工智能、金融科技等领域，中国拥有世界一流水平。商 会希望促进双方私营部门间的联系，将合作潜力转化为切实可行的盈利项目。 近几年，作为阿联酋的首都，阿布扎比在AI领域投入重资。今年年初，阿布扎比政府发布的《2025—2027年政府数字化战略》，明确提出计划投入 130亿迪拉姆（约合253亿元人民币）推动人工智能在政府服务中的应用，目标是打造全球领先的人工智能驱动型政府，进一步拉动经济增长。 9月底，面对经济观察报等中国媒体组成的媒体团到访阿布扎比，在与当地经济发展部门、环境署、科技发展部门及商业协会等机构的交流中，AI成为 ...

9月中旬，在阿联酋经济与旅游部组织的官方访华活动期间，阿布扎比商会总干事阿里.穆罕默德.阿勒. 马尔祖基(下称"马尔祖基")带领多家当地企业奔赴北京，重点关注人工智能(AI)与智能机器人领域。 谈及此次行程，马尔祖基说，阿布扎比已成为中东和北非地区发展最快的人工智能中心。而在人工智 能、金融科技等领域，中国拥有世界一流水平。商会希望促进双方私营部门间的联系，将合作潜力转化 为切实可行的盈利项目。 近几年，作为阿联酋的首都，阿布扎比在AI领域投入重资。今年年初，阿布扎比政府发布的《2025— 2027年政府数字化战略》，明确提出计划投入130亿迪拉姆(约合253亿元人民币)推动人工智能在政府服 务中的应用，目标是打造全球领先的人工智能驱动型政府，进一步拉动经济增长。 9月底，面对经济观察报等中国媒体组成的媒体团到访阿布扎比，在与当地经济发展部门、环境署、科 技发展部门及商业协会等机构的交流中，AI成为多位阿布扎比官员、协会管理者接受采访时提及的高 频词。 马尔祖基说，阿布扎比在AI等科技领域的战略之所以雄心勃勃，原因在于政府领导层对科技发展的高 度重视，这推动了AI等科技战略自上而下快速落地。同时，阿布扎比拥有 ...

政策层面，金融、电信、政府等领域项目标书明确要求国产化率，英伟达等国外品牌受限。 市场层面，此前 "非 A100 不用" 的客户，受缺卡、限价、禁运影响，转向接受国产替代方案。 来源：维科网 商汤科技（00020.HK）与寒武纪（688256.SH）于北京签署无截止日的长期战略合作协议，旨在实现 AI 基础设施全链条国产化。 此次合作源于多重现实需求。 在芯片适配上，寒武纪最新一代云端推理卡将快速适配商汤大模型，实现 "零迁移"，客户替换硬件无 需修改代码。 一体机层，整合 "芯片 + 服务器 + 模型" 为一体化设备，针对金融风控、电网巡检、政务大模型等场景 定制，满足政企即插即用需求。 出海层，面向东南亚、中东市场，打包 "芯片 + 算法" 方案，以价格减半、服务提速三倍的优势抢占市 场。 此举之后，依赖 "英伟达 + 开源模型" 的系统集成商面临挑战。未来招标中国产化分值权重提升后，缺 乏国产芯片与模型储备的企业，竞争力将大幅下降。 企业层面，商汤拥有 "日日新" 大模型却缺乏自有算力底座，寒武纪手握 MLU 芯片但缺少核心应用场 景，双方互补需求强烈。 合作将从三方面推进。 ...

Core Viewpoint - The Hong Kong stock market experienced a significant decline in technology stocks, with the Hang Seng Technology Index dropping over 2% [1] Group 1: Market Performance - BYD Electronics fell by over 5%, while other notable declines included ASMPT, JD Health, SMIC, SenseTime-W, Kingdee International, Baidu, which all dropped over 3% [1] - Other companies such as Sunny Optical, Kingsoft, Huahong Semiconductor, Alibaba Health, Tencent Music, Alibaba, and Meituan saw declines exceeding 2% [1] Group 2: Stock Performance Data - BYD Electronics: -5.50% YTD change, market cap of 87.469 billion [2] - Horizon Robotics-W: -4.57% YTD change, market cap of 122.49 billion [2] - ASMPT: -3.74% YTD change, market cap of 26.6656 billion [2] - JD Health: -3.66% YTD change, market cap of 198.171 billion [2] - SMIC: -3.59% YTD change, market cap of 570.005 billion [2] - SenseTime-W: -3.21% YTD change, market cap of 93.204 billion [2] - Kingdee International: -3.46% YTD change, market cap of 52.461 billion [2] - Sunny Optical: -2.74% YTD change, market cap of 85.559 billion [2] - Kingsoft: -2.71% YTD change, market cap of 45.206 billion [2] - Huahong Semiconductor: -2.27% YTD change, market cap of 138.142 billion [2] - Alibaba Health: -2.27% YTD change, market cap of 97.232 billion [2] - Tencent Music-SW: -2.25% YTD change, market cap of 269.509 billion [2] - Alibaba-W: -2.23% YTD change, market cap of 3,010 billion [2] - Meituan-W: -2.23% YTD change, market cap of 590.049 billion [2]

Domestic News - China has implemented new export restrictions on rare earths, prompting EU officials to call for stronger measures against China. The Chinese Foreign Ministry stated that the export control policy aims to maintain world peace and regional stability, fulfilling international obligations [2] - In response to India's electric vehicle and battery subsidy measures, China has requested consultations at the WTO, claiming these measures violate multiple obligations and provide unfair competitive advantages to Indian industries, harming Chinese interests [2] - In September, China's industrial producer prices decreased by 2.3% year-on-year, with the decline narrowing by 0.6 percentage points from the previous month. The average industrial producer prices from January to September fell by 2.8% compared to the same period last year [3] - In the first eight months of the year, China's manufacturing sector benefited from tax reductions and refunds totaling approximately 1.3 trillion yuan, with manufacturing sales revenue increasing by 4.7% year-on-year [4] International News - Nissan is recalling over 173,000 vehicles in the U.S. due to a fuel pump issue that could lead to engine stalling [5] - General Motors announced a $1.6 billion charge due to adjustments in electric vehicle production, anticipating a slowdown in EV adoption following recent U.S. policy changes [6] - Waymo plans to launch a driverless ride-hailing service in London next year, collaborating with Moove and engaging with local regulators for necessary approvals [7] - Stellantis Group announced a $13 billion investment in the U.S. over the next four years, marking the largest single investment in the U.S. market since the company began operations there [9] Corporate News - Scania has opened a new production base in China with a planned annual capacity of 50,000 vehicles and a total investment of 20 billion euros (approximately 166 billion yuan), expected to create over 3,000 jobs [10] - NIO's brand, Ladao, has officially rolled out its 100,000th production vehicle, marking a significant milestone in its delivery journey [11] - SenseTime and Cambricon have signed a strategic cooperation agreement to enhance software and hardware product compatibility, focusing on the computing power market [12] - FAW has established a new energy technology company in Changchun with a registered capital of 200 million yuan, focusing on emerging energy technology research and development [13] - Zotye Auto announced a change in its controlling shareholder status, with its previous major shareholder's stock being auctioned, resulting in no single shareholder holding more than 30% of the company [14] - Dong'an Power has secured five new market agreements with an expected lifecycle of 5-10 years and total sales projected at 1 million units, positively impacting future revenue [15] - CATL has established a new energy technology company in Jinzhou with a registered capital of 5 million yuan, focusing on emerging energy technology and battery swap facilities [16]

人工智能行业迎来一场重量级合作！ 10月15日，商汤科技与寒武纪正式宣布签署战略合作协议。业内人士指出，此次合作发生在国家大力推 进"人工智能+"战略的关键时期，标志着中国AI产业正从过去的"单打独斗"转向软硬件协同发展的新范 式。 双方的"软硬结合"为国产AI生态建设提供了可行路径：一方面围绕国产化人工智能基础设施展开合作， 推动从底层芯片到上层应用的整体技术栈实现更高程度国产化；另一方面在"科技出海"领域协同发力， 共同推动中国AI技术走向全球市场，彰显中国AI公司参与全球竞争的雄心。与此同时，合作还将推动 形成规模化、可复制的商业成果。 行业发展趋势表明，软硬件融合已成为明确方向。此前DeepSeek-V3.2-Exp模型发布开源后，华为昇 腾、寒武纪、海光信息同步宣布完成适配。市场分析指出，大模型与生成式正快速从云端走向消费终 端，各巨头都在加紧构建软硬件一体的AI生态。 科技行情能否持续？分析人士认为，当前可能处于科技股行情的第一阶段，即全线爆发式上涨的阶段， 目前涨幅比较充分，但预期并未完全被定价，其中最值得期待的还是"十五五"规划中可能涉及的具身智 能、灯塔工厂等强科技属性部分。待贸易摩擦的风险 ...

Core Viewpoint - SenseTime (00020.HK) has signed a strategic cooperation agreement with Cambricon (688256) to enhance the optimization of software and hardware, aiming to build an open and win-win industrial ecosystem focused on AI development [1][3] Group 1: Strategic Cooperation - The collaboration aims to leverage the technological and industrial resource advantages of both companies, focusing on domestic AI infrastructure, vertical business expansion, and technology export [1][3] - The partnership is a response to the national "AI+" strategy, intending to create a new paradigm for domestic AI development through software-hardware synergy [3] Group 2: Product Development and Market Focus - Both companies will work on adapting the latest software and hardware products for the computing power market and develop integrated solutions for vertical industry scenarios [3][4] - The collaboration will explore deep synergy in advantageous regional markets, gathering local industrial resources and service advantages to build a vibrant AI ecosystem [3] Group 3: Company Profiles - SenseTime is a leading AI software company with strong academic foundations and a focus on original technology research, covering key areas such as perception intelligence, natural language processing, and decision-making intelligence [4] - Cambricon is a leading player in the AI chip sector, specializing in the development and innovation of AI chip products, offering a complete product system that integrates cloud, edge, and end solutions [4]

Core Viewpoint - The strategic cooperation agreement between SenseTime and Cambricon aims to enhance the optimization of software and hardware, fostering an open and win-win industrial ecosystem in the artificial intelligence sector [2][5]. Group 1: Strategic Cooperation - SenseTime and Cambricon will leverage their respective technological and industrial resource advantages to develop a domestic AI infrastructure, explore vertical business opportunities, and promote technology export [2]. - The collaboration aligns with the national "AI+" strategy, combining SenseTime's strengths in large model development and AI infrastructure with Cambricon's expertise in intelligent computing chips [2][4]. - The partnership aims to create a new paradigm for domestic AI development through software-hardware synergy, enhancing innovation capabilities and ecological influence in key AI sectors [2][4]. Group 2: Product Development and Market Focus - Both companies will focus on developing integrated solutions for vertical industry scenarios, closely aligning their software and hardware capabilities [3]. - They will also explore deep collaboration in advantageous regional markets, gathering local industrial resources to build a vibrant AI ecosystem [4]. Group 3: Market Context and Future Outlook - The recent volatility in tech stocks, particularly in the A-share and Hong Kong markets, raises questions about the sustainability of the tech stock rally [5]. - Analysts suggest that the current phase of tech stocks may be characterized by explosive growth, with significant potential in sectors highlighted in the "14th Five-Year Plan" [5]. - The ongoing trend of domestic substitution in technology, driven by U.S. export controls, is expected to continue benefiting related sectors, particularly in software and high-tech industries [5].

Market Overview - The Hong Kong stock market experienced a strong rebound after seven consecutive declines, with the Hang Seng Index rising 1.84% to 25,910.60 points and a total trading volume of HKD 315.81 billion [1] - Market sentiment is expected to show a "first suppress then rise" trend in the short term, with a potential slow bull market in the medium to long term as multiple marginal benefits accumulate [1] Blue-Chip Stocks Performance - Alibaba (09988) saw a notable increase of 3.86%, closing at HKD 161.6, contributing 90.84 points to the Hang Seng Index [2] - Other blue-chip stocks such as China Life (02628) and JD Health (06618) also performed well, rising 6.02% and 5.82% respectively [2] Sector Highlights - Large technology stocks collectively rebounded, with Alibaba up nearly 4%, Baidu up 2.74%, and Tencent up nearly 1% [3] - The consumer sector was strong, driven by domestic demand expectations and the upcoming "Double 11" shopping festival [3] - Gold stocks surged following the spot gold price surpassing USD 4,200 per ounce, with companies like Zhenfeng Gold (01815) rising 24.21% [5] Chip Sector Developments - Semiconductor stocks generally rose, with notable increases in companies like Jingmen Semiconductor (02878) and Huahong Semiconductor (01347) [6] - The Bay Area Semiconductor Industry Ecological Expo showcased advancements in domestic electronic engineering design software, enhancing industry competitiveness [6] New Listings and Rumors - Xuan Bamboo Biotechnology (02575) debuted with a significant increase of 126.72%, closing at HKD 26.3 [7] - Sanhua Intelligent Control (02050) rose 12.92% amid rumors of a substantial order from Tesla, although the company is verifying the information [8] Earnings Reports - China National Building Material (03323) issued a profit warning, expecting a profit of approximately RMB 2.95 billion for the nine months ending September 30, 2025, compared to a loss of RMB 684 million in the same period last year [10]