时代潮涌，奋楫者先。 当高质量发展的号角响彻浙西大地，衢州市常山县正以昂扬之姿挺立潮头、勇毅前行。过去的一年，常 山县经济社会发展稳步向前、大势向好：全年地区生产总值增长6.4%，规上工业增加值增长7.6%，一 般公共预算收入增长3%，城镇、农村居民人均可支配收入分别增长5.5%、6.2%，省市县三级民生实事 圆满完成……这片充满生机与活力的热土，正把发展的愿景转化为实干的行动，把前行的目标熔铸成坚 实的步伐，在产业提质、城乡蝶变、民生改善的征程上一路高歌，用日新月异的变化勾勒出高质量发展 的画卷。 ■ 葛锦熙 赵璐洁 创新驱动筑根基 产业升级启新程 走进常山常宇机械有限公司的生产车间，200多台全自动设备高速运转，正在赶制工程机械配件、燃气 阀门及汽车配件等产品。企业负责人表示，2024年受到常山县招商政策和营商环境的吸引，从江西省迁 址而来，企业在2025年成功升规，2026年计划新增60台设备、新招聘50多名员工，力争产值再翻一番。 轴承产业作为常山县代表性传统产业，近年来一直坚持转型升级，实现"老树发新芽"。过去的一年，常 山县规上工业总产值达243.6亿元，通过技术改造、数字化赋能、绿色转型三措并举 ...

Group 1 - The ChiNext Mid-Cap 200 Index rose by 1.1%, while the ChiNext Index and the ChiNext Growth Index fell by 0.8% and 1.1% respectively, indicating mixed performance in the market [1] - The E Fund ChiNext ETF (159915) saw a net subscription of over 300 million units throughout the day, reflecting strong investor interest [1] Group 2 - Guangzhou has released a plan titled "Guangzhou Accelerates the Construction of a Strong Advanced Manufacturing City (2024-2035)", which aims to accelerate the cultivation of five strategic leading industries: artificial intelligence, semiconductors and integrated circuits, new energy and new energy storage, low-altitude economy and aerospace, and biomanufacturing [1] - The plan also outlines a forward-looking layout for six future industries, focusing on embodied intelligence, intelligent unmanned systems, and cutting-edge new materials, with the goal of creating a number of pilot application scenarios to drive the rapid maturation and application of cutting-edge technologies and products [1] - The target is to achieve exponential growth in industry scale within 5 to 10 years [1]

为持续激活发展潜能、巩固发展优势，苏州在产业细分赛道精准发力，不断夯实创新发展根基。 2025年以来，一系列靶向性强、含金量高的产业举措密集落地。2025年7月，苏州在全国率先出台AI芯 片产业创新发展三年行动计划及若干措施，提出到2027年，苏州市AI芯片相关产业规模突破500亿元， 引进产业化项目30个以上，突破10款以上填补国内空白的创新产品，形成20项以上本地示范应用场景。 此外，苏州还启用RISC-V开源芯片产业创新中心，推动创新中心与阿里达摩院达成战略合作，并牵头 成立江苏省RISC-V产业联盟，加速构建产学研协同创新生态。2025年9月成立的苏州创新药研究院，聚 焦分子靶向药物、生物药、基因与细胞治疗、AI药物研发等前沿领域，开展有组织科研和有组织转 化，致力于解决头部企业技术攻关和人才培养需求，打造"实验室—企业—医院"三位一体的创新闭环， 推进"政产学研医"深度融合。除此以外，智能机器人产业创新联盟、新能源汽车公共服务平台等一批载 体相继落地，成为苏州推进新型工业化的重要支撑。 市工信局相关负责人介绍，当前，苏州未来产业发展多点开发、态势强劲。全市已有7个板块获批 省级"未来产业先行集聚发展 ...

Core Viewpoint - The Chongqing Municipal Economic Information Commission has issued a draft for public opinion on measures to support the development of future industries, outlining 15 policy initiatives aimed at fostering growth in key sectors [1] Group 1: Policy Measures - The measures will focus on platform construction, talent cultivation, and financial subsidies, with a maximum subsidy of 50 million yuan [1] - The initiative aims to promote the development of "6+3" future industries, which include six high-growth sectors and three high-potential sectors [1] Group 2: Future Industries - The six high-growth future industries identified are: aerospace information, biomanufacturing, advanced new materials, hydrogen and nuclear energy, new energy storage, artificial intelligence, and low-altitude economy [1] - The three high-potential future industries include brain-computer interfaces and brain science, photonics and quantum technology, and immersive technology [1]

Core Viewpoint - The Chongqing Economic Information Commission has released a draft of measures to support the development of future industries, aiming to gather public opinions on the proposed policies [1] Group 1: Policy Measures - The measures include 15 specific policies focusing on platform construction, talent cultivation, and financial subsidies, with a maximum subsidy of 50 million yuan [1] - The initiative is part of a broader plan to promote the development of "6+3" future industries in Chongqing [1] Group 2: Future Industries - The six high-growth future industries identified are aerospace information, biomanufacturing, advanced new materials, hydrogen and nuclear energy, artificial intelligence, and low-altitude economy [1] - Additionally, three high-potential future industries are highlighted: brain-computer interfaces and brain science, photonics and quantum technology, and immersive technology [1]

Core Insights - Shenzhen's first high-end electronic chemical products industrial park, the Shenshan High-end Electronic Chemical Products Industrial Park, has accelerated its construction with multiple projects launched and signed within a short period [1][2] Group 1: Project Launch and Investment - Four industrial projects and three public auxiliary projects officially commenced construction on November 3, with two additional supporting projects entering the park simultaneously [1] - The industrial projects focus on strategic emerging industries, including high-end manufacturing and semiconductor new materials [1] - The polyimide new materials industrial park project, invested by Shenzhen Ruihua Tai Applied Materials Technology Co., has a total investment of 1 billion yuan, expected to be completed by August 2027 [1] Group 2: Industry Focus and Planning - The Shenshan High-end Electronic Chemical Products Industrial Park's overall plan emphasizes a "5+3+X" industrial system, targeting five categories of semiconductor materials and three categories of high-end chemical new materials [1][2] - The park aims to develop key products such as photoresists, electronic special gases, and wet electronic chemicals, while also planning for advanced new materials [1] Group 3: Future Events and Conferences - The 2025 Shenzhen Shenshan Special Cooperation Zone Industry Investment Promotion Conference will feature four electronic chemical industry projects signing agreements to settle in the park, covering areas like wet electronic chemicals and polishing liquids [1] - The conference will include discussions on the current status and trends of electronic chemicals, challenges and opportunities in wet electronic chemical manufacturing, and advancements in electronic gas technologies [5][6]

Market Overview - The three major indices opened higher, with the Shanghai Composite Index at 3990.27 points, up 0.05%, the Shenzhen Component Index at 13484.01 points, up 0.40%, and the ChiNext Index at 3263.98 points, up 1.07% [1] Policy and Economic Development - The Central Committee of the Communist Party of China published suggestions for the 15th Five-Year Plan, emphasizing the cultivation of emerging industries and strategic sectors such as new energy, new materials, aerospace, and quantum technology [1] - The People's Bank of China reported on financial work, highlighting the need to prevent systemic financial risks and to strengthen the capital market [1] Industry Performance - The 11th batch of national drug centralized procurement included 55 commonly used drugs across various fields, indicating ongoing efforts in healthcare cost management [2] - Ganfeng Lithium reported a 364% year-on-year increase in net profit for Q3, driven by expanded sales [2] - Zhonghang Chengfei announced a net profit of 1.256 billion yuan for Q3, up 169.53% year-on-year [2] - Zhaoyi Innovation reported a net profit of 508 million yuan for Q3, a 61.13% increase year-on-year [2] - Huasheng Tiancai's Q3 net profit surged by 563.58% to 219 million yuan [2] - China Film's Q3 net profit reached 177 million yuan, up 1,463.17% year-on-year [2] - Shengyi Technology reported a net profit of 1.115 billion yuan for the first three quarters, a 498% increase [2] - Sungrow Power reported a net profit of 4.147 billion yuan for the first three quarters, up 57.04% year-on-year [2] - Huitian Technology announced a net profit of 2.718 billion yuan for the first three quarters, a 47.03% increase, benefiting from structural demand in AI [2] Corporate Developments - Lianqi Technology announced that its shareholders' combined stake fell below 5% [3] - Delong Huineng announced a change in its controlling shareholder and actual controller, leading to stock resumption [3] - Dahua Intelligent stated that it currently has no business related to quantum technology [4] International Market Trends - The U.S. Senate rejected a temporary funding bill, leading to a continued government shutdown [5] - U.S. stock indices collectively rose, with the Nasdaq up 0.8%, Dow Jones up 0.34%, and S&P 500 up 0.23% [5] - Nvidia's stock rose approximately 5%, nearing a market capitalization of $5 trillion [5] Technological Advancements - Eli Lilly announced the deployment of the world's largest and most powerful AI pharmaceutical factory, utilizing Nvidia's DGX supercluster [6] - Nvidia plans to ship 20 million Blackwell and Rubin GPUs, expecting a business scale of $500 billion over the next six quarters [7] - OpenAI reported a total investment of approximately $1.4 trillion for AI infrastructure construction [8] - Microsoft and OpenAI signed a new agreement to support OpenAI's capital restructuring, with Microsoft acquiring about 27% equity in OpenAI [8] - The U.S. Department of Energy announced collaborations with Nvidia and Oracle to build seven new AI supercomputers [9]

Core Insights - Guangzhou has officially released the "Implementation Opinions on Accelerating the Cultivation and Development of Future Industries," focusing on six key areas: intelligent unmanned systems, embodied intelligence, cell and gene technology, future networks and quantum technology, advanced new materials, and deep-sea and deep-space industries [1] Group 1: Key Areas of Focus - The six core industries are positioned as the "main battlefield," leveraging Guangzhou's industrial foundation and advantages to create a dynamic development system [1] - In the intelligent unmanned systems sector, Guangzhou aims to build a comprehensive intelligent unmanned system targeting future mobility and unmanned factories, supported by leading companies like EHang and Pony.ai [1] - The embodied intelligence sector will focus on the Pazhou AI cluster, enhancing core technology and key component development, with applications in intelligent manufacturing and health services [1] - In the cell and gene technology field, Guangzhou will utilize platforms like the Human Cell Lineage Research Facility to advance clinical applications of gene therapy and targeted delivery [1] - The future networks and quantum technology sector will concentrate on 6G integration and quantum communication, developing five major application scenarios [1] - The advanced new materials sector will leverage the National Emerging Industry Innovation Center and a tier of 17 listed companies to gain competitive advantages in advanced manufacturing and renewable energy [1] - The deep-sea and deep-space sector will promote commercialization through key projects like the "Dream" deep-sea drilling vessel and commercial rockets [1] Group 2: Development Mechanisms - Guangzhou has established a "technology foresight—dynamic assessment—track incubation" mechanism to continuously monitor potential directions such as brain science and green hydrogen [2]

Group 1 - The US President Trump plans to visit China early next year, emphasizing the importance of high-level diplomatic communication in US-China relations [2] - The Chinese Ministry of Commerce held a video conference with EU officials to discuss key trade issues, including export controls and the EU's anti-subsidy measures against Chinese electric vehicles [2] - The Chinese government is enhancing its export control system in response to international obligations, while urging the Netherlands to resolve semiconductor-related issues to maintain global supply chain stability [2] Group 2 - The precious metals market experienced a significant decline, with spot gold dropping as much as 6.3% to approximately $4080 per ounce, marking the largest single-day drop in over 12 years [3] - Spot silver fell by 8.7% to $47.89 per ounce, the worst single-day performance since February 2021, driven by reduced safe-haven demand and a stronger dollar [3] - COMEX gold and silver futures also saw substantial declines, with gold futures down 5.07% to $4138.5 per ounce and silver futures down 6.27% to $48.16 per ounce [3] Group 3 - The Ministry of Commerce held a roundtable meeting with over 170 foreign enterprises, emphasizing China's commitment to maintaining global supply chain stability through responsible export control measures [4] - Domestic tourism in China saw significant growth, with 4.998 billion trips taken in the first three quarters, an increase of 18% year-on-year, and total spending reaching 4.85 trillion yuan, up 11.5% [4] - The People's Bank of China plans to accelerate legislation in key and emerging areas to enhance the financial legal system and support high-quality financial development [4] Group 4 - The A-share market saw a strong upward trend, with the Shanghai Composite Index rising 1.36% to 3916.33 points, driven by interest in technology stocks and consumer themes [5] - The Hong Kong Hang Seng Index closed up 0.65% at 26027.55 points, with significant gains in major financial stocks [5] - A total of 843 A-share companies announced mid-term dividend plans, with a total dividend amount of 662.03 billion yuan, indicating a trend of high amounts and frequency of dividends [6] Group 5 - A report predicts that Wuliangye's third-quarter revenue may decline by 30% year-on-year, with net profit expected to drop by 45% [7] - Changxin Storage, a leading Chinese memory chip manufacturer, plans to launch an IPO on the Shanghai Stock Exchange, targeting a valuation of 300 billion yuan [7] - Pop Mart anticipates a 245%-250% year-on-year increase in overall revenue for the third quarter, with significant growth in both domestic and overseas markets [7] Group 6 - China Telecom reported a third-quarter net profit of 7.756 billion yuan, a year-on-year increase of 3.6% [9] - Wens Foodstuff Group's third-quarter net profit fell by 65.02%, with a proposed dividend of 3 yuan per share [9] - China Giant Glass reported a 54.06% year-on-year increase in net profit for the third quarter [9] Group 7 - The National Medical Products Administration plans to enhance the legal standards for medical devices and accelerate the approval process for innovative products [10] - The total asset management scale of the trust industry in China is expected to reach 32.43 trillion yuan by June 2025, marking a 20.11% year-on-year growth [10] - Guangzhou has announced plans to develop six core future industries, including intelligent systems and quantum technology [10] Group 8 - The US stock market showed mixed results, with the Dow Jones rising 0.47% while the Nasdaq fell 0.16% [17] - Japan's Nikkei 225 index closed above 49000 points for the first time, reflecting investor optimism regarding the new prime minister's fiscal policies [17] - European stock indices experienced slight gains, supported by strong performances in the technology and luxury goods sectors [17]

Core Viewpoint - Guangzhou aims to accelerate the development of future industries by establishing a comprehensive framework and action plan to enhance innovation and market application in key sectors [1][2]. Group 1: Future Industry Development Plans - The city plans to build 10 high-energy innovation platforms, 50 concept verification centers, and 100 first-use application scenarios [1][2]. - Guangzhou will focus on six major directions: intelligent unmanned systems, embodied intelligence, cell and gene technology, future networks and quantum technology, advanced new materials, and deep-sea and deep-space technologies [1][2]. Group 2: Current Industry Landscape - Over 2,000 related enterprises and more than 180 research institutions are currently gathered in Guangzhou, with over 40 national-level innovation platforms [2]. - The city has 24 global unicorn companies, ranking fourth in the country, and the number of high-tech enterprises has surpassed 7,000, reflecting a 7.3% increase from the previous year [2]. Group 3: Financial and Support Mechanisms - Guangzhou will optimize and integrate its technology innovation fund to support early-stage, small, long-term, and hard technology investments [3]. - A multi-level, comprehensive technology financial service system is being established to guide financial resources towards future industry development [3].