Group 1 - The event "2026 Science New Year's Eve" will feature multiple keynote speeches by scientists, focusing on innovation and exploration in various fields [1] - The keynote speech by Xu Jiyao discusses the "Meridian Project," which aims to decode the relationship between the Sun and Earth, highlighting the importance of solar storms and their impact on technology and daily life [4][5] - The project has established the largest and most comprehensive monitoring network in the Eastern Hemisphere, with 282 monitoring devices across 9.6 million square kilometers of land in China [5][6] Group 2 - The keynote speech by Ma Lei introduces a multi-modal biomedical imaging facility that aims to enhance health quality and longevity through advanced imaging technologies [7][10] - The facility consists of four major devices, including a multi-modal medical imaging device and a high-resolution molecular imaging device, which together create a comprehensive life map [11][12][13] - The facility aims to address critical health issues, such as Alzheimer's disease, by integrating various imaging data to develop predictive models for early detection [14] Group 3 - The keynote speech by Cheng Jinguang focuses on the "Extreme Conditions Experiment Facility," which can simulate extreme environments to study material properties under high pressure and temperature [17][18] - This facility plays a crucial role in testing materials for national projects, ensuring their reliability under extreme conditions [19] - The facility's development faced challenges, including the need for domestically produced equipment, which has now been successfully achieved [19] Group 4 - The keynote speech by Hou Shuisheng emphasizes the significance of duck breeding in China, highlighting the country's third-largest meat production from duck [21][24] - Advances in breeding techniques have improved growth rates and feed conversion efficiency, significantly benefiting the industry [25][26] - The integration of biotechnology in breeding has led to the identification of valuable genes that enhance meat quality and production efficiency [26] Group 5 - The keynote speech by Yang Xiuren discusses innovative construction methods in urban rail transit, specifically the modular construction approach that reduces construction time and labor [31][32] - This method has been successfully implemented in over 60 subway stations across China, demonstrating significant efficiency improvements [31][32] - The use of traditional joint techniques, such as mortise and tenon, has been adapted for modern construction to ensure structural integrity and waterproofing [33][34] Group 6 - The keynote speech by Qiu Haijun presents advancements in flexible display technology, particularly in foldable screens that enhance user experience [38][41] - The development process involved overcoming challenges related to durability and performance, resulting in significant improvements in foldability and longevity [41][42] - The company has achieved a leading position in the flexible display market, previously dominated by foreign competitors [44] Group 7 - The keynote speech by Wang He highlights the capabilities of humanoid robots in various sectors, including retail and healthcare, showcasing their potential to enhance efficiency and service quality [45][49] - The development of these robots involves advanced simulation and machine learning techniques, allowing them to operate effectively in real-world environments [48] - The goal is to integrate intelligent robots into everyday life, making them valuable partners in various industries [49] Group 8 - The keynote speech by Liu Yizhang discusses the evolution of humanoid robots, emphasizing the achievements of the Tian Gong robot in competitive events [50][55] - The team has focused on achieving high levels of autonomy and performance, with a significant portion of the robot's components being domestically produced [55] - The vision is to position Chinese robotics on the global stage, competing with leading international companies [56] Group 9 - The keynote speech by Li Jiulin reflects on the construction of iconic structures like the Bird's Nest and Ice Ribbon, emphasizing the importance of using high-quality materials [59][60] - The successful development of domestically produced high-strength steel and advanced materials has been crucial for these projects [60][61] - The innovative cooling technology used in the Ice Ribbon has set new standards for energy efficiency in sports facilities [62] Group 10 - The keynote speech by Shen Zhengchang addresses the importance of efficient mineral resource extraction and processing technologies in the mining industry [63][66] - The focus is on developing advanced flotation equipment to improve the separation of various mineral resources [66]

中国正在进入一个"底线稳固、上限打开"的新阶段。 "穷则独善其身，达则兼济天下。"出自《孟子》，本为修身之道，用于国家层面，同样揭示了一条发展 逻辑——从有余到有为。国际货币基金组织（IMF）国家分类实践也提供了印证，经济规模和人均收入 只是"发达国家"的表层指标，真正构成"发达"内涵的，是结构是否稳固、制度是否透明、社会是否包 容、创新是否持久。 财富水平可以衡量一个国家有多富裕，而文明能力才可以决定一个国家有多发达。这一点在中国式现代 化道路上体现得尤为清晰。中国正在进入一个"底线稳固、上限打开"的新阶段。底线强调安全、稳定、 韧性，重在托住14亿人口的基本生活、就业和预期，上限指向科技创新、制度完善、社会进步，重在抬 升潜在增速、开放能力与文明辐射。其内在支撑，是"投资于物"与"投资于人"的紧密结合，是"物的现 代化"与"人的现代化"的同向发力。经济要有足够的承载力，社会要有足够的包容度，文明要有足够的 温度，一个国家才能在真正意义上达到"发达"的层级。 什么是发达？富裕不等于发达 高收入国家并不一定是发达国家。"十五五"规划建议提出，到2035年人均GDP达到中等发达国家水平， 而厘清"中等发达国家" ...

新旧动能转换之下，交易者的资产配置方向也在发生变化。第七届平安赛重量组总亚军周文威坦言，现 有配置需求更需要一些能够做对冲的资产，来进行风险管理甚至增强收益。常年辗转于海内外各大市场 的轻量组总亚军王煜，则更强调多种工具灵活应用的重要性。 中加基金首席经济学家邓海清在会上表示，2026年资本市场生态与资金结构将迎来深刻变革，中国经济 向高端制造、科技创新转型的核心趋势已然明朗，那些能够代表中国在新一轮全球产业与金融秩序重塑 中占据有利位置的企业，将成为这个时代最具价值的资产锚点。 平安基金权益投资基金经理周思聪表示，在第四次科技革命深入演进的背景下，AI、算力、半导体、 创新药等领域迎来关键时刻。其中，中国创新药行业在技术周期、政策周期和利率环境的三重支撑下厚 积薄发。 平安期货研究所所长李晨阳认为，贵金属长期上行格局未改，同时紧扣"反内卷"政策导向，在国内经济 转型下，大宗商品下行压力趋缓，随着国内经济结构的调整转向，新旧动能转换下品种分化也将愈发显 著。 （来源：中华工商时报） 转自：中华工商时报 近日，由平安期货、平安证券联合主办的2026全球交易者大会暨中国平安第七届全国期货实盘大赛颁奖 典礼在深圳福 ...

Core Viewpoint - The article emphasizes that the technological revolution is irreversible, supported by China's vast market, which allows for multiple rounds of trial and error, forming a complete industrial and supply chain that external fluctuations cannot shake. This perspective was shared by Zhao Wei, Chief Economist at Shenwan Hongyuan Securities, during the Southern Finance Forum 2025 [4]. Economic Outlook - Zhao Wei predicts that the economic trend in 2026 will enter a "non-typical recovery" phase characterized by "stable volume and rising prices," where prices shift from a downward spiral to a moderate recovery, leading to improved corporate profits and micro-level confidence [4]. - Structural differentiation will continue, with significant disparities in policy support across different economic sectors, resulting in an unbalanced recovery [4]. A-share Market Insights - Regarding the current discussions on the revaluation of A-shares, Zhao Wei suggests focusing on "capital rebalancing" rather than "value revaluation." He notes that after 2022, the market was overly pessimistic about fundamentals, with the overall A-share dividend yield exceeding the national bond yield by 100 basis points, indicating a severe mispricing of the market [5]. - Four major events have reversed market expectations: changes in the policy environment post-September 2024, the emergence of DeepSeek shifting investment thinking from macro to micro, concerns over U.S. policy stability due to "reciprocal tariffs," and discussions on "anti-involution" leading to a shift of fixed-income funds towards equity assets [6]. Technological Revolution and Investment Opportunities - Zhao Wei maintains an optimistic view on the AI bubble, asserting that the fourth technological revolution will not end due to short-term market fluctuations. He highlights China's unique advantage of a large consumer market that allows for extensive trial and error, ultimately leading to a robust industrial and supply chain [6]. - As the process of "capital rebalancing" deepens in 2026, opportunities in the A-share market are expected to emerge continuously, encouraging investors to seize investment opportunities arising from the non-typical recovery and the new technological revolution [7].

Core Viewpoint - The article emphasizes that the technological revolution is irreversible, supported by China's vast market, which allows for multiple rounds of trial and error, forming a complete industrial and supply chain that is resilient to external fluctuations [6][8]. Economic Outlook - In 2026, the economy is expected to enter a "non-typical recovery" phase characterized by "stable volume and rising prices," where prices shift from a downward spiral to a moderate recovery, leading to improved corporate profits and micro-level confidence [6]. - Structural differentiation will continue, with significant disparities in policy support across different economic sectors, resulting in an unbalanced recovery [6]. A-Share Market Insights - Instead of focusing on "value re-evaluation," it is more pertinent to discuss "capital rebalancing." The market has been overly pessimistic about fundamentals, with the overall A-share yield exceeding government bond yields by 100 basis points, indicating a severe mispricing [7]. - Four key events have shifted market expectations: changes in the policy environment post-September 2024, the emergence of DeepSeek shifting investment focus from macro to micro, U.S. tariff policies raising concerns about non-U.S. capital stability, and discussions on "anti-involution" leading to a shift of fixed-income funds towards equity assets [8]. Technological Revolution and Investment Opportunities - The article expresses optimism regarding the AI bubble, asserting that the fourth technological revolution will not be halted by short-term market fluctuations. China's large consumer market allows for extensive trial and error, leading to substantial industrial and supply chain development [8][9]. - As the "capital rebalancing" process deepens in 2026, opportunities in the A-share market are expected to emerge, driven by the non-typical economic recovery and the new wave of technological revolution [9].

中国经济网深圳12月18日讯 12月14日，由平安期货、平安证券联合主办的 2026 全球交易者大会暨 中国平安第七届全国期货实盘大赛颁奖典礼，在深圳福田举行。 本次大会，有近500位交易者从全国各地赶来，齐聚在此，只为寻找一束确定的光，全球交易者大 会也一直致力于帮助众多交易者完成一场从孤军奋战到协同进化的深层蜕变。平安期货总经理袁建峰指 出，平安期货始终坚守"以客户为中心"的初心，在市场环境变化中践行有温度的风险管理服务，以专业 服务助力交易者行稳致远，践行为客户创造价值的承诺。 当时代浪潮裹挟速度加快，平安期货也将肩负起风险识别、风险管理、风险应对的责任担当，打造 客户信赖首选的智慧衍生品服务，为居民财富管理与实体经济发展提供更精准、更有力的"金融力量"。 平安基金权益投资基金经理周思聪表示，在第四次科技革命深入演进的背景下，AI、算力、半导 体、创新药等领域迎来关键时刻。其中中国创新药行业在技术周期、政策周期和利率环境的三重支撑下 厚积薄发，2026年整个行业依然存在贝塔行情，且个股的阿尔法行情也将起步。 平安期货研究所所长李晨阳结合海内外政治经济格局变化，指出贵金属长期上行格局未改，同时紧 扣 "反 ...

本报讯 （记者丁蓉）12月14日，由平安期货有限公司（以下简称"平安期货"）、平安证券股份有限公 司（以下简称"平安证券"）联合主办的2026全球交易者大会暨中国平安第七届全国期货实盘大赛颁奖典 礼举行。作为已经陪伴交易者走过7年风雨的年度大会，本届会议特邀中加基金首席经济学家邓海清、 平安基金权益投资基金经理周思聪、平安期货研究所所长李晨阳及全国期货实盘大赛获奖选手来到现 场，为与会者破除迷惘，提供更多关于2026的解题思路。 中加基金首席经济学家邓海清指出，2026年资本市场生态与资金结构将迎来深刻变革，虽面临多重不确 定性，但中国经济向高端制造、科技创新转型的核心趋势已然明朗，那些能够代表中国在新一轮全球产 业与金融秩序重塑中占据有利位置的企业，将成为这个时代最具价值的资产锚点。 平安基金权益投资基金经理周思聪表示，在第四次科技革命深入演进的背景下，AI、算力、半导体、 创新药等领域迎来关键时刻。其中中国创新药行业在技术周期、政策周期和利率环境的三重支撑下厚积 薄发，2026年整个行业依然存在贝塔行情，且个股的阿尔法行情也将起步。 平安期货研究所所长李晨阳结合海内外政治经济格局变化，指出贵金属长期上行格 ...

编辑｜陶天宇 关注「IP百创」并 与行业IP领袖共成长 文末扫码加入投资人社群 ▎"基金规模不足，将难以参与这些面向未来的前沿头部项目投资。" 作者｜郭虹妘 12月11日，中科创星旗下先导创业投资基金成功完成40.8亿元终关募集。这不仅刷新了国内早期硬科技基金的规模纪录，更在当前市场普遍低迷的背景 下，成为硬科技投资领域的一剂强心针。 与国内早期硬科技基金普遍在10-20亿元的规模相比，中科创星的40.8亿元终关规模优势明显。 "不仅是市场回暖，也是我们提前布局的结果。"中科创星创始合伙人米磊向钛媒体创投家表示。 7月16日，中科创星与国家中小企业发展基金、上海国投先导人工智能基金等19家LP完成首关签约。此次终关不仅新增了太保资本长航母基金、海淀区中 关村科学城科技成长基金、蚂蚁集团等13.9亿元资金，还通过使用科创债资金扩大出资比例，进一步深化"投早、投小、投长期、投硬科技"的差异化策 略。 中科创星的LP结构全面升级为"国家级母基金+险资+产业资本+高校资本+区域资本"的多元协同格局。 米磊强调："这种战略选择不仅有效规避了单一资本来源的波动风险，也增强了基金在市场波动中的稳定性，是中科创星在硬科技投资 ...

Group 1 - The core viewpoint emphasizes that the technological revolution is irreversible, supported by China's vast market, which allows for multiple rounds of trial and error, forming a complete industrial and supply chain that is resilient to external fluctuations [1] - In 2026, the economy is expected to enter a "non-typical recovery" phase characterized by "stable volume and rising prices," with a shift from a downward spiral in prices to a moderate recovery, leading to improved corporate profits and micro confidence [1] - Structural differentiation will continue, with significant disparities in policy support across different economic sectors, resulting in an uneven recovery [1] Group 2 - Regarding the current discussion on the revaluation of A-shares, the focus should shift from "value revaluation" to "capital rebalancing," as the market has been overly pessimistic about fundamentals since 2022 [2] - Four key events have reversed market expectations: changes in the policy environment post-September 2024, the emergence of DeepSeek shifting investment thinking from macro to micro, concerns over U.S. policy stability due to "reciprocal tariffs," and discussions on "anti-involution" leading to a shift of fixed-income funds towards equity assets [2] - The scale of "fixed income + products" has more than doubled in a few months, reflecting this context [2] Group 3 - The outlook on the AI bubble is optimistic, with the belief that the fourth technological revolution will not be halted by short-term market fluctuations, highlighting China's unique advantages in consumer market size and the ability to develop substantial industrial and supply chains through iterative innovation [2] - Geopolitical factors are noted as a potential risk, with the possibility of new changes in international relations leading to unexpected global inflation, which could become a risk point in 2026 [2] - The market's ups and downs will not affect the onset of this new era, and as the "capital rebalancing" process deepens, opportunities in the A-share market are expected to emerge continuously [3]

图片来源：元宝 12月11日，中科创星旗下先导创业投资基金成功完成40.8亿元终关募集。这不仅刷新了国内早期硬科技基金的规模纪录，更在当前市场普遍低迷的背景下， 成为硬科技投资领域的一剂强心针。 "不仅是市场回暖，也是我们提前布局的结果。"中科创星创始合伙人米磊向钛媒体创投家表示。7月16日，中科创星与国家中小企业发展基金、上海国投先 导人工智能基金等19家LP完成首关签约。此次终关不仅新增了太保资本长航母基金、海淀区中关村科学城科技成长基金、蚂蚁集团等13.9亿元资金，还通过 使用科创债资金扩大出资比例，进一步深化"投早、投小、投长期、投硬科技"的差异化策略。 中科创星的LP结构全面升级为"国家级母基金+险资+产业资本+高校资本+区域资本"的多元协同格局。米磊强调："这种战略选择不仅有效规避了单一资本来 源的波动风险，也增强了基金在市场波动中的稳定性，是中科创星在硬科技投资新纪元中实现战略定力的关键支撑。" 基金自首关后，不足半年便交出了一份"高效投资答卷"。截至2025年11月底，中科创星先导创业投资基金已决策投资46笔交易，其中前两轮项目42笔，占比 超90%，重点覆盖人工智能、生物技术和颠覆性技术领域 ...