【导读】陕西省出台深化资本市场改革助力陕西高质量发展的十六条措施，陕西本地股集体拉涨 中国基金报晨曦综合整理 刚刚，利好来了！ 11月27日，陕西省出台深化资本市场改革助力陕西高质量发展的十六条措施，包括以下重要内容： 消息发布后，陕西板块整体异动拉升。 中天火箭直线拉涨停，西安饮食涨停后开板，西安旅游、曲江文旅、陕国投A、西部证券纷纷冲高。 （文章来源：中国基金报） ●重点推动主业不突出、经营效益差的国有控股上市公司实施重大资产重组，淘汰落后产能，实现转型 升级，恢复再融资能力，依托资本市场做优做大做强。 ●支持国有控股上市公司积极探索战略性新兴产业和未来产业，适度开展跨行业发展，提升产业协同效 应，扩大业务领域。 ●督促证券基金期货机构提升合规管理能力，夯实合规风控基础。推动具备条件的证券公司按照市场化 法治化原则稳妥有序推进并购重组，支持行业机构在风险可控的前提下"走出去"，加快建设一流投资银 行和投资机构。 ●聚焦新一代信息技术、人工智能、航空航天、新能源、新材料、高端装备、生物医药、量子科技等关 键领域，分层分类做好跟踪辅导，引导企业到合适板块上市。 ●推动法人期货公司通过国有资本增资、并购重组、设 ...

陕西国资股走强，西安饮食直线拉升封板。西安旅游、陕国投A等同样冲高。消息面上，陕西省出台深 化资本市场改革助力陕西高质量发展的十六条措施。其中提到，重点推动主业不突出、经营效益差的国 有控股上市公司实施重大资产重组。推动上市公司形成稳定、及时、可预期的现金分红机制，引导提高 现金分红水平和分红频率。鼓励上市公司合规开展市值管理，综合运用股份增持和回购等各类手段提升 合理估值水平。聚焦新一代信息技术、人工智能、航空航天、新能源、新材料、高端装备、生物医药、 量子科技等关键领域，分层分类做好跟踪辅导，引导企业到合适板块上市。支持优质A股上市公司 以"A+H"股形式在港交所实现二次上市。 ...

【导读】陕西省出台深化资本市场改革助力陕西高质量发展的十六条措施，陕西本地股集体拉涨 中国基金报 晨曦 综合整理 刚刚，利好来了！ 11月27日，陕西省出台深化资本市场改革助力陕西高质量发展的十六条措施，包括以下重要内容： ● 聚焦新一代信息技术、人工智能、航空航天、新能源、新材料、高端装备、生物医药、量子科技等关键领域，分层分类做好跟踪辅导， 引导企业到合适板块上市。 ● 鼓励上市公司充分利用资本市场多元化融资工具，通过增发、配股、发行各类债券和证券化产品等方式进行再融资。支持上市公司有效 开展并购重组，建立并购项目对接工作机制。 ● 争取在陕设立社保科创基金，积极争取国家创业投资引导基金来陕展业。引进培育银行系耐心资本，推进金融资产投资公司（AIC）股 权投资试点全省扩围。建立健全险资入陕机制，支持保险资金参与设立私募创投基金。建立耐心资本监测和统计制度。 ● 推动国有控股上市公司充分发挥平台作用，围绕主业开展资源整合，完善上下游产业链，解决同业竞争，减少关联交易，实现整体上 市。 ● 重点推动主业不突出、经营效益差的国有控股上市公司实施重大资产重组，淘汰落后产能，实现转型升级，恢复再融资能力，依托资本 ...

近日，青岛华通创业投资有限责任公司（简称"华通创投"）2025年面向专业投资者非公开发行科技创新 公司债券（第一期）（简称"25华通K1"，280649.SH）在上海证券交易所成功发行，发行规模3亿元， 发行期限3+2年，票面利率2.30%，全场倍数2.47倍。本次债券募集资金将重点投向新一代信息技术、人 工智能等战略性新兴产业，强化产业协同，为青岛市构建"10+1"创新型产业体系贡献创投力量。 （文章来源：证券日报） 华通创投成立于2015年9月，作为青岛区域国有创投机构，协同行业头部机构与产业资本方构建起开放 的"基金领航+科技驱动+投促招引"产业赋能体系，奋力夯实"资本链"、延伸"产业链"，为国有创投机构 提升行业竞争力、放大国有资本功能提供了有益探索。华通创投通过市场化、专业化运作，引导嫁接产 业资本与产业资源，聚焦青岛"10+1"创新型产业体系，锚定先导产业和新兴产业开展多层次股权投资， 成功培育出多家行业领军企业，助推多家科技型创新企业登陆境内外资本市场，实现经济效益与社会效 益的"双赢"。 本期发行是华通创投在资本市场的首次亮相，彰显了其在创业投资与科技创新领域的价值定位，有力提 升了华通创投在 ...

Core Insights - The low-altitude economy in China is experiencing robust growth, with projections indicating a market size of 1.5 trillion yuan by 2025 and potentially exceeding 2 trillion yuan by 2030 [1][3]. Group 1: Market Growth and Projections - The low-altitude economy is recognized as a strategic emerging industry, transitioning from a technology catch-up phase to a leading position in certain areas [3]. - The rapid expansion of the industry is supported by significant breakthroughs in low-altitude equipment, with 969 companies registered in the civil unmanned aerial vehicle product information system and over 478,000 aircraft [3][5]. - The low-altitude logistics sector is particularly dynamic, with over 140 new low-altitude logistics routes expected to open in 2024, leading to an estimated 48 billion orders in the instant delivery sector [3]. Group 2: Policy Support and Infrastructure Development - The Ministry of Industry and Information Technology (MIIT) is actively promoting the development of the civil aviation and low-altitude equipment industries, emphasizing the importance of infrastructure and resource utilization [2][6]. - Recent government measures encourage private investment in low-altitude economic infrastructure and aim to optimize policies for satellite communication and commercial space projects [7]. - The MIIT is focusing on enhancing the technological innovation capabilities of the industry and fostering collaboration across the supply chain [6][8]. Group 3: Challenges and Strategic Initiatives - Despite the growth, the low-altitude economy faces challenges related to infrastructure layout, airspace resource utilization, and the need for innovative business models [4]. - The government is implementing a comprehensive approach to address these challenges, including infrastructure development, airspace optimization, and ecosystem integration [4][8]. - The MIIT aims to cultivate specialized enterprises and enhance regional collaboration to strengthen the low-altitude industry's overall capabilities [4][6].

导读 本周 四川、江苏、浙江、山东 等地均有母基金 宣布落地或出资，母基金重点布局 人 工智能、新一代信息技术、半导体、新材料、高端装备、生物 医药 等领域。 基金设立层面，南京、榆林、杭州、成都、德阳 等 地均有基金宣布设立或落地，基金主要聚焦人工智能、数字经济、高端制造、大健康、生物医 药、航空航天、低空经济、新能源、新材料 等领域。 值得关注的是，本周 浙江省社保科创股权投资基金完成备案，标志着全国社会保障基金理事会与地方政府的合作成功落地。此外，杭州润苗基金正 式成立。该基金由杭州市政府直投，首期规模2 0亿元、存续期限长达2 0年，远远长于目前国内政府主导型早期科创基金通常的8至1 0年。 成都千亿未来产业基金集群正式启航 2025年11月21日，成都未来产业基金首批子基金集中签约暨管理人大会在成都市民营经济发展促进中心盛大启幕。作为"投成都"未来产业投资联 盟核心活动之一，本次大会以"到成都・投未来"为主题，汇聚国内顶尖投资机构代表、重点企业及园区负责人等多方嘉宾。活动现场，成都未来产 业基金首批子基金集中签约，规模约65亿元，标志着成都千亿级未来产业基金集群从"政策布局"全面迈向"实体运作"。 ...

由中国科协科普部、新疆科协联合举办的新疆科普专家报告团活动近日在乌鲁木齐、昌吉等地陆续 举办。 在此期间，中国科学院生物物理研究所研究员卫涛涛以《探微生命奥秘，造福人类健康——新时代 的生物物理学》为题，用通俗语言和详实案例，解读这门物理与生物交叉的前沿学科，让现场听众直观 感受生命科学的魅力；中国科学院心理研究所认知与发展心理学研究室副研究员张兴利带来《从焦虑到 福流：协同思维模式促进心理健康——基于脑，保护脑，促进脑》主题报告，她通过理论解读、现场互 动和实用技巧传授，向听众传递"大脑可塑、情绪有价值、协同促健康"的科学理念。 报告团活动旨在充分汇聚院士专家等科普力量，扶持边疆地区的科普工作，并进一步强化对新疆地 区领导干部的前沿科普资源供给。截至目前，乌鲁木齐、昌吉两地已顺利举办三场科普报告。 据了解，新疆科普专家报告团还将继续围绕新一代信息技术、人工智能、航空航天、新能源、新材 料、高端装备、生物医药、量子科技等8大前沿领域，赴多地开展科普报告活动。(记者 马帅莎) 11月17日、18日，中国科学院院士雒建斌先后在新疆科技会堂、新疆昌吉职业技术学院以《影响制 造业发展的新技术》为题，解析制造业现状与前 ...

Group 1 - The Zhejiang Social Security Science and Technology Innovation Equity Investment Fund has been successfully established, marking a collaboration between the National Social Security Fund Council and local government [1] - The fund has an initial scale of 50 billion yuan, targeting key industries such as artificial intelligence, new generation information technology, high-end equipment, new materials, and biomedicine [3] - The fund aims to create a comprehensive fund system covering the entire chain from "achievement transformation - innovation acceleration - industrial upgrading" [3] Group 2 - The fund will operate under principles of marketization, rule of law, and professionalism, aligning closely with national industrial policies and the strategic deployment of the Zhejiang provincial government [3] - The fund seeks to mobilize more social capital into the technology innovation sector, supporting the transformation of traditional industries and the cultivation of emerging industries [3] - The fourth Davos Global Fund of Funds Summit will be held in January 2026, focusing on multilateral dialogue in the global fund of funds industry [4][6]

Core Insights - The 15th National Games showcase the integration of advanced technology in sports, highlighting the theme of "technology empowering sports" [1][2][3] Group 1: Technological Innovations - Over 130 high-tech products have been applied in various aspects of the event, including venue operations, safety assurance, and humanistic care [1] - Notable technologies include the remote-controlled submersible "Haima," which collects combustible ice from depths of over 1500 meters, demonstrating the synergy between technology, sports, and environmental sustainability [1] - The event features humanoid robots, AI-generated mascots, and other innovations that enhance the precision and efficiency of event services [2] Group 2: Event Experience and Community Engagement - Four core scenarios of technology application include the opening ceremony, smart venues, event security, and assistance for the disabled [1] - The integration of 14 technology-driven projects in the event has improved the overall experience, making it more engaging for participants and spectators [2] - The closing ceremony on November 21 will showcase cutting-edge technologies such as liquid canvas, naked-eye 3D, and 5G cloud control, further emphasizing the role of technology in urban development and collaboration in the Guangdong-Hong Kong-Macau Greater Bay Area [3]

Core Viewpoint - Tianyima plans to acquire 98.5632% of Xingyun Kaiwu Technology Co., Ltd. for a total consideration of 1.189 billion yuan, which includes 582 million yuan in shares and 606 million yuan in cash, aiming to enhance its capabilities in the smart self-service equipment digital service sector [1][2][3] Group 1: Transaction Details - The acquisition involves purchasing shares from multiple stakeholders, with the total transaction value set at 1.189 billion yuan [1] - Tianyima intends to raise up to 155 million yuan from its actual controller, Ma Xuepei, to support the transaction [1] - The deal is expected to constitute a major asset restructuring and related party transaction [1] Group 2: Company Performance and Projections - Xingyun Kaiwu reported revenues of 385 million yuan, 447 million yuan, and 248 million yuan for 2023, 2024, and the first half of 2025, respectively, with net profits of 38.69 million yuan, 86.66 million yuan, and 54.57 million yuan [2] - The performance commitment includes a minimum net profit of 90 million yuan for 2025, 95 million yuan for 2026, and 105 million yuan for 2027 [2] Group 3: Strategic Implications - The acquisition is expected to enhance Tianyima's business in the smart self-service equipment digital service field, creating a dual-driven development model to improve growth potential [3] - The company aims to strengthen its R&D capabilities in smart self-service equipment, optimize its industry chain layout, and expand its sales scale to better meet diverse customer needs [3] - In the first three quarters of the year, Tianyima achieved revenues of 228 million yuan, a year-on-year increase of 46.6%, and a net profit of 4.19 million yuan, up 119.8% year-on-year [3]