随着技术创新进入前所未有的密集活跃期，科技创新已成为大国竞争博弈的角力场。金融是国民经济的 血脉，在科技创新中发挥重要作用。习近平总书记指出，"要做好科技金融这篇文章，引导金融资本投 早、投小、投长期、投硬科技"。构建同科技创新相适应的科技金融体制，既是强化国家战略科技力量 的关键抓手，也是推动经济结构优化升级、增强国家核心竞争力的重要支撑。必须立足国情和发展阶 段，探索服务现代化建设的科技金融发展新路径。 近年来，我国科技金融发展成效显著，金融支持科技创新的政策力度不断加大，金融产品和服务体系持 续优化，资本市场创新活力加速释放，为科技型企业发展提供了更加多元的金融服务。 顶层设计不断完善。国家层面对科技金融的重视程度持续提升，政策供给持续强化。2024年，中国人民 银行等七部门联合印发《关于扎实做好科技金融大文章的工作方案》，推动金融机构和金融市场全面提 升科技金融服务能力、强度和水平，为各类创新主体的科技创新活动提供全链条全生命周期金融服务。 今年5月，科技部、中国人民银行等七部门联合发布《加快构建科技金融体制有力支撑高水平科技自立 自强的若干政策举措》，聚焦创业投资、货币信贷、资本市场、科技保险等方面 ...

数据显示，截至10月9日记者发稿，今年以来，25家理财公司调研A股上市公司次数超2000次，科技、 医药等新质生产力领域成为重点关注方向。宁银理财、招银理财、兴银理财、杭银理财等机构调研上市 公司次数较多。 频繁调研上市公司是理财资金加速流入权益市场的直观体现。同时，含权类理财产品不断增多。据中国 理财网统计，目前全市场存续的权益类理财产品共48只。 宁银理财不仅密切关注上市公司当下财务健康情况，如净利润变化、毛利率情况、库存水平、产能利用 率，更关注公司未来的发展潜力与战略布局，譬如行业竞争态势、业务布局变化以及长期战略与能力建 设等。 从板块分布看，深证主板和科创板是理财公司调研重点。被调研个股属于深证主板、科创板的分别有 494只、459只，合计占比超过53%。 华宝证券分析师蔡梦苑表示，理财公司加大调研力度背后有多重考量：一是弥补权益投研短板，夯实选 股能力；二是充分发挥"投贷联动"优势，挖掘产融协同价值；三是顺应低利率与净值化趋势，提升产品 竞争力。在优质固收资产稀缺的背景下，权益资产成为增厚收益的重要来源。 含权理财供给增加 今年以来调研上市公司超2000次 今年以来，截至记者发稿，25家银行理财 ...

文 | 独角金融 郑理 9月26日，千亿"AMC系"券商信达证券（601059.SH）一纸人事变更，打破了行业平静。公告显示，58 岁的艾久超当日正式卸任信达证券董事长，由控股股东中国信达资产管理股份有限公司（下称"中国信 达"）体系内56岁的林志忠接棒，同时担任战略规划委员会主任委员。 | 姓名 | 高任职务 | 高任 | 康定任期 | 高任 | 是否继续在 上市公司及 | 是合存 在末 行完毕 | | --- | --- | --- | --- | --- | --- | --- | | | | 时间 | 到期日 | 原因 | 其控股子公 司任职 | 的公开 | | | | | | | | 承诺 | | 艾久超 | 第六届董事会董事长、 董事、战略规划委员会 | 2025 年 | 2026 年 | 工作 | 否 | 否 | | | 主任委员、薪酬与提名 | 9月26日 | 11月6日 | 调整 | | | | | 委员会委员 | | | | | | 图源：公告 8月至今已经有三位核心高管进行调整。包括总经理祝瑞敏辞职，董事、战略规划委员会委员刘力一离 任，再到如今董事长更迭，公告均称系"工作安排调整"，其 ...

分析师：蔡梦苑 登记编号：S0890521120001 分析师：周佳卉 登记编号：S0890525040001 投资要点 监管和行业动态： 1、9月24日，国内第二批14只科创债ETF集体上市，标志着科创债ETF市场 显著扩容。理财公司已成为科创债ETF的重要投资主体，兴银理财、招银理财等机构旗下多只 产品现身多家科创债ETF的前十大持有人名单。2、随着权益市场逐步回暖，理财公司正以"产 品端扩容+投研端深化"的"双管齐下"策略，积极把握市场机遇。多家银行理财子公司一方面加 大含权类理财产品发行力度，另一方面提升对上市公司的调研频次与深度 。 同业创新动态： 1、建信理财于9月23日成功发行首只结构性理财产品"私行精选福星黄金鲨鱼 鳍固收类封闭式产品2025年第1期"，产品募集规模接近上限，获得个人投资者广泛认可。2、9 月25日，奇瑞汽车正式在港交所挂牌上市，为年内港股市场规模最大的车企IPO，中邮理财获配 基石投资份额2000万美元。 收益率表现： 上周（2025.9.22-2025.9.28，下同）现金管理类产品近7日年化收益率录得 1.30%，环比上升1BP；同期货币型基金近7日年化收益率报1.22% ...

"再贷款"机制精准发力，助推企业转型升级 民营企业作为市场经济中最具活力的主体，以其经营灵活、市场适应力强等优势，在促进就业、改善民 生、推动经济增长等方面发挥着不可替代的作用。在河南省，民营经济主体数量已突破千万户，占全部 经营主体的95%以上，成为区域经济发展的重要支撑。邮储银行河南省分行积极响应国家政策导向，聚 焦"两高四着力"，持续推进"三项机制"——科技创新和技术改造再贷款机制、支持小微企业融资协调工 作机制、民间投资项目投贷联动机制，全力为民营企业提供坚实金融支持，助力其实现高质量发展。 在焦作某动力股份有限公司的生产车间内，数控机床高速运转，机械臂灵活作业，经过多道精密工序， 一根根光洁锃亮的汽车发动机凸轮轴顺利下线。该公司专注于发动机凸轮轴及新能源电机轴的研发、生 产与销售，是多家国内知名车企的重要供应商，2023年先后获评高新技术企业、河南省专精特新企业及 省级"瞪羚"企业。 随着新能源汽车产业快速发展，企业积极拓展新能源汽车凸轮轴业务，并于2024年年底成功进入某知名 车企供应链体系。为满足新增订单需求，企业需投入800万元购置新设备、扩建生产线，加之年底员工 薪酬发放，资金压力显著增大。 ...

支持金融机构将农业设施抵押贷款纳入普惠金融体系，优化信贷评估机制，提高单笔授信额度。建立农 业设施抵押贷款分级分类激励政策，根据金融机构年度贷款增量分档设立奖补资金，激发金融机构授信 活力。推动金融机构与地方金融中介组织加强信息共享，提高信贷投放精准度。支持金融机构联合政策 性农业担保公司开展设施资产评估，合理确定抵押价值。鼓励金融机构拓展循环贷款业务模式，探 索"投贷联动"在设施农业抵押贷款中的示范应用，加大政策性贴息支持，健全抵押贷款长效机制，为现 代设施农业更新改造提供更加灵活、高效、可持续的融资服务。 规范抵押农业设施用地剩余经营期限及抵押期内设施使用权限，确保融资供需双方在达成意向后，通过 产权交易平台在线登记，规范抵押融资行为。将农业设施抵押贷款纳入农担风险补偿资金池，支持政策 性担保机构为经营主体提供增信，减少反担保要求，全面推行"见贷即保""出险即偿"。以县域为单位设 立"助保金"，针对存贷比高、资金紧张、农业设施抵押贷款业务量大的金融机构提供科技创新和技术改 造专项再贷款。对以企业主或主要股东名义承贷、专用于设施农业更新改造的贷款项目，可参照城镇中 小企业风险处置方式，优化利益相关方风险补偿 ...

Group 1 - The core focus of Agricultural Bank of China's Bengbu branch is on technology finance, aiming to support the full-cycle development of technology enterprises through product innovation and professional services [1][2] - The bank has established a "Technology Loan Pioneer Team" consisting of 38 members to enhance service quality and efficiency, targeting six key industries in Bengbu [1] - As of August 2025, the loan balance for technology enterprises reached 3.639 billion yuan, with a net increase of 853 million yuan and a growth rate of 31% [3] Group 2 - The bank is actively building a technology service ecosystem by integrating the capabilities of commercial banks, private investment institutions, and private equity funds to enhance "investment-loan linkage" for technology enterprises [2] - Innovative financial products have been introduced to address the challenges of financing difficulties and high costs for technology enterprises, focusing on their unique characteristics [3] - The bank has implemented a collaborative service model combining project loans, equity investments, and financing leasing for the same client, marking a significant innovation in service delivery [2]

转自：中国证券报·中证网 中证报中证网讯（记者 吴科任）发展新质生产力与做好金融"五篇大文章"深度交织并进，金融机构厉 兵秣马、各施所长。近年来，华西证券围绕"深耕川渝，辐射全国"的根据地战略，立足比较优势，锚定 培育新质力量价值坐标，加速构建服务"科技金融"的特色"方法论"，照亮了一批批"明日之星"。 落地川内首个"投贷联动"政策性金融产品，服务600多家科技型中小企业；首次着眼顶层组织架构，设 立科技型中小微企业综合金融服务领导小组；推进省内多地科创金融中心建设，力争形成区域金融服务 的"动力引擎"和核心承载区…… "我们不是简单的资金提供方，而是以'区域深耕者'身份，通过创新的综合金融服务模式和可复制的本 地化路径，深度融入川渝地区新质生产力的培育生态，与企业、政府、银行、担保机构共建了一个支持 科技创新的区域性金融基础设施，这为我们服务西部本土'硬科技'企业构建了坚实的'护城河'。"华西证 券董事长周毅表示。 雪中送炭：为中小科技企业价值创造赋能 2022年，华西证券初次接触成都中科卓尔智能科技集团有限公司。中科卓尔承担了国家半导体空白掩模 版产业链攻关项目，"硬科技"属性尤为突出，但当时年收入不足2 ...

Group 1 - The financial support of 10 million yuan from Dongfang Rural Commercial Bank is crucial for Jiangsu Beimei Pharmaceutical Co., Ltd., which is establishing a children's medicine production base in Lianyungang [1] - The first phase of the project has a total investment of 133 million yuan and aims to build multiple high-end children's medicine production lines along with intelligent inspection and storage systems [1] - The project commenced construction in October last year and is expected to start trial production in October this year, with an anticipated annual sales revenue of 360 million yuan once fully operational [1] Group 2 - Dongfang Rural Commercial Bank has prioritized the new pharmaceutical industry in Lianyungang as a key area for credit support, utilizing a "loan-investment linkage" model to enhance financial backing for high-quality industrial development [2] - The bank has launched the "Chenghui Rong" special credit product to assist new pharmaceutical enterprises, which typically face long R&D cycles and high investment costs, by providing loans based on state-owned enterprise investment ratios [2] - As of this year, the bank has successfully implemented the "loan-investment linkage" business for four new pharmaceutical enterprises, amounting to 27 million yuan [2] Group 3 - Dongfang Rural Commercial Bank continues to optimize financial supply and innovate service models and product systems, focusing on key livelihood sectors such as aquaculture and agricultural machinery [3] - The bank has issued loans totaling 240 million yuan for freshwater aquaculture, 120 million yuan for marine aquaculture, 277 million yuan for fishing vessel operations, and 2.338 million yuan for agricultural machinery [3] - By the end of June this year, the loan balance for technology-based enterprises reached 1.526 billion yuan, demonstrating the bank's commitment to supporting small and micro enterprises [3] Group 4 - The bank is accelerating its digital transformation to enhance the quality and efficiency of the real economy, exploring "whole-chain credit" cooperation models and promoting the "E Chain Loan" platform [4] - As of the end of June, the bank has issued supply chain loans totaling 907 million yuan, effectively addressing the last mile of service in the industrial chain [4] - The bank's total deposit balance reached 33.229 billion yuan, an increase of 2.753 billion yuan since the beginning of the year, while the total loan balance was 28.329 billion yuan, reflecting a growth of 1.504 billion yuan [4]

Group 1 - The "Zhongguancun Technology and Finance Summit" has successfully facilitated financing for over 80 hard technology enterprises, achieving a success rate of over 70% and a total credit of 17.8 billion yuan, with loan disbursements amounting to 9.15 billion yuan [1] - The participating enterprises primarily span fields such as artificial intelligence, commercial aerospace, biopharmaceuticals, and robotics, with more than half still in the R&D investment phase and not yet generating significant revenue [1] - Eleven banks in Beijing have launched dedicated products for the investment-loan linkage, optimizing credit access and risk control approval processes, allowing banks to provide proactive credit based on investment decision amounts [1] Group 2 - Beijing Puqi Pharmaceutical Technology Co., Ltd. benefited from this financing mechanism, receiving a comprehensive financing solution from China CITIC Bank, which included a loan of 30 million yuan following its successful listing on the Beijing Stock Exchange [2] - Multiple departments are focusing on gathering financing needs from government investment fund-backed enterprises, market-oriented venture capital-backed enterprises, key talent startups, and critical technology sectors, facilitating efficient connections between investment institutions and commercial banks [2] - A comprehensive evaluation mechanism for technology finance has been established to assess the effectiveness of services provided by banks, securities, insurance, and fund companies, guiding them to focus on high-tech and future industries in Beijing [2] Group 3 - The Zhongguancun International Incubator has incubated nearly 1,000 enterprises, with over 80% being overseas talent enterprises, and has established partnerships with nearly 100 embassies, chambers of commerce, and investment institutions globally [3] - The incubator has successfully introduced international projects such as Japanese smart agriculture and Dutch smart greenhouses, creating a positive cycle of "technology introduction - local optimization - global promotion" [3] - Among the incubated enterprises, 368 have been recognized as national high-tech enterprises, 140 have secured a total of 3.16 billion yuan in equity financing, and 14 have successfully entered the capital market [3]