Core Insights - The total scale of ETFs related to the Sci-Tech Innovation Board is projected to reach approximately 300 billion yuan by December 31, 2025, with the number of products increasing to 106, which is three times that of the end of 2024 [1][5] - The Sci-Tech Innovation Composite Index (Sci-Tech Index) has shown a significant annual increase of 46.3% for the year 2025, outperforming major broad-based indices [1][4] - The Sci-Tech Index has been operational for nearly a year since its official launch on January 20, 2025, and is increasingly recognized for its role in representing market performance and guiding long-term capital allocation [1][2] ETF and Index Development - As of December 30, 2025, 46 fund managers have launched a total of 78 Sci-Tech Index funds, with a combined scale of 27.4 billion yuan, and the average return since listing has reached 43.7% [4][6] - The structure of investors has evolved, with institutional investors such as insurance funds, brokerages, and bank wealth management steadily increasing their holdings in Sci-Tech Index ETFs, reflecting confidence in the long-term investment value of the Sci-Tech Board [4][6] - The Sci-Tech Index has a sample size of 576 stocks, covering various types of securities and accounting for 96% of the total listed companies on the Sci-Tech Board, which has over 600 companies with a total market capitalization exceeding 10 trillion yuan [3][5] Market Trends and Future Outlook - The Sci-Tech Index is seen as a benchmark for capturing the pulse of technological growth and sharing the dividends of innovation, especially as China's technology sector continues to rise [2][7] - The index system for the Sci-Tech Board has been expanded to include various types of indices, effectively guiding social capital towards the development of new productive forces [5][6] - The introduction of thematic ETFs covering sectors such as artificial intelligence, new energy, and semiconductor materials indicates a growing trend towards index-based investment in key areas of technological innovation [7]

Core Insights - The Yangtze River Economic Belt has achieved significant progress over the past decade, focusing on ecological priority and green development as strategic directions [1][2] - The region's GDP is projected to exceed 63 trillion yuan in 2024, with a year-on-year growth of 5.4%, making it a key driver of high-quality regional economic development [2][3] - The Yangtze River Economic Belt has formed five major industrial clusters, with technological innovation becoming the core engine of growth [3] Economic Development - The Yangtze River Economic Belt's foreign trade import and export value reached 19.12 trillion yuan in the first 11 months of 2025, accounting for 46.4% of the national total [2] - The region's GDP now represents nearly half of the national economic total, benefiting from interconnected infrastructure and industrial agglomeration [2][3] Technological Innovation - The Yangtze River Economic Belt has established a collaborative innovation ecosystem, particularly in the electric vehicle sector, where the Yangtze River Delta region accounts for 40% of national production and over 25% globally [3] - The development model of "point-axis-circle" has been instrumental in driving industrial growth and innovation across the region [2][3] Regional Collaboration - The Chinese government has emphasized the importance of regional cooperation for high-quality development, with multiple meetings held to guide the economic and ecological strategies of river basins [4] - Collaborative efforts are underway among various provinces to enhance transportation and logistics, exemplified by strategic agreements among port groups and the operation of new high-speed rail lines [7] Challenges and Recommendations - Despite progress, some regions still operate independently, necessitating improved cross-regional coordination and the removal of systemic barriers to resource allocation [6] - There is a call for differentiated industrial development strategies tailored to local strengths, promoting a collaborative approach across the entire river basin [6]

如果说资金是创新的"燃料"，那么研发平台就是创新的"孵化器"。该公司高度重视平台建设在资源汇聚 中的核心作用，目前已成功建成企业技术中心、重点实验室两个市级研发平台，为技术攻关提供了坚实 的硬件支撑。走进调度指挥中心，模拟井下复杂地质条件的实验装置、精准监测数据的分析系统一应俱 全，这里不仅是技术研发的"实验室"，更是人才成长的"练兵场"。围绕产品升级、技术革新、新装备研 发等关键课题，平台内的科研人员与一线技术骨干组成联合攻关小组，将生产现场的"痛点"转化为研发 项目的"靶点"。为吸引更多高科技人才加入，他们制定了专项激励政策，从薪酬待遇、职业发展到科研 奖励形成完整保障体系，让人才引得进、留得住、用得好，如今该平台已汇聚各类技术人才80余人，成 为企业创新发展的"人才高地"。 近日，山东能源鲁西矿业新巨龙公司荣获山东能源"科技创新先进单位"称号。站在"十五五"规划的新起 点，这一荣誉的背后，是该公司始终将科技创新作为企业高质量发展的核心引擎，持续加大投入、构筑 平台、激励创造、推动转化、培育人才结出的硕果。 厚植创新沃土 培育智慧"高产田" 研发投入是科技创新的"源头活水"，这一理念在新巨龙公司的发展实践 ...

Core Viewpoint - The Guangdong Financial Regulatory Bureau has issued guidelines to support the high-quality development of the insurance industry, aiming to enhance its role in the modernization of China and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1: Development of Insurance Products - The guidelines emphasize the development of insurance products and services that cater to technological innovation, focusing on key industries such as loss of research and development, equipment loss, patent protection, and cybersecurity [1] - Insurance institutions are encouraged to create a comprehensive product and service system that covers the entire lifecycle of technology-based enterprises, including production, research and development, and the transformation of technological achievements [1] - Specific insurance products are to be developed for major technological equipment, new materials, and various medical and pharmaceutical innovations, including clinical trial liability insurance and product liability insurance for innovative drugs and medical devices [1] Group 2: Enhancing Risk Protection - The guidelines propose enhancing the overall risk protection level for technology through the establishment of co-insurance and reinsurance mechanisms, particularly for areas lacking historical data and with significant potential losses [2] - Financial institutions are urged to focus on key areas and improve product and service innovation mechanisms, as well as incentive policies [2] - Insurance companies are encouraged to innovate in pricing, underwriting, claims adjustment, and risk control, while also enhancing market-based assessment and claims mechanisms for technology risks [2] Group 3: Supporting Technology Transfer - The guidelines call for insurance institutions to support the transformation of technological achievements and to strengthen services for the international technology innovation center in the Greater Bay Area [3] - A mechanism for information sharing among departments is to be established to better match the insurance needs of technology enterprises [3] - Insurance institutions in Guangdong are encouraged to set up specialized departments and teams for technology insurance, cultivate professional talent, and optimize assessment and incentive mechanisms [3]

"十四五"期间，化工建设行业聚焦科技创新，研发效能实现新提升。行业把科技创新作为"头号工程"， 持续加强顶层设计，聚焦"9+6"优化研发布局，梳理形成尼龙、聚烯烃、高性能树脂、可降解材料、硅 基新材料、绿色化工六大产业链研发图谱；不断完善创新机制，持续优化创新激励政策体系，重点项目 稳步实施，尼龙46、尼龙6T、阻燃尼龙中试投料试车，POE成套技术中试实现长周期稳定运行，尼龙 12、硅酸甲酯、丁二酸、聚甲醛等中试有序推进，超高相对分子质量聚乙烯项目等获批国家发改委专项 资金支持。 "十四五"期间，化工建设行业坚持新发展理念，突出科技创新、绿色低碳发展，以生产要素重新组合及 产业模式变革所形成的先进生产力，为化学工业的高质量发展提供了强有力的技术和建设支撑。 "十四五"期间，化工建设行业推动工程建设领域新技术开发和应用。加快推动科研和产业的深度融合， 为"T+EPC""T+产业"奠定坚实基础；自主研发AI+管道焊接管理平台，形成以"数字化管理+智能化焊 接"深度融合的创新管理模式；机动焊功效监测系统正式上线，实现焊接数据实时采集与分析，有效提 升了焊接管理智能化水平；推广应用全位置自动焊接机器人、建筑机器人、跨 ...

2025年8月18日，山东主营光模块生产的上市公司中际旭创(300308.SZ)市值超越迈瑞医疗(300760.SZ),跻身创业板市值第三。9月3 日，其股价升至426.19元/股，总市值达到4735亿元，超越东方财富(300059.SZ)跃升为创业板市值第二，仅次于宁德时代 (300750.SZ),重塑了创业板的市值格局。2025年12月25日，中际旭创盘中触及658.8元/股的历史最高价，市值高达7109亿元。 中际旭创市值飙升是山东科技创新企业稳健发展的缩影。近年来，山东强化高质量科技供给，加快实施重点产业科技创新行动计 划，持续优化科研组织方式，实施"企业找技术、成果找市场"的双向"揭榜挂帅"机制，一体化推动重大技术攻关和成果转化，为培 育新质生产力提供源源不断的动力。"十四五"以来，山东已新增境内上市公司84家，其中科创型企业占比超90%。 价值： 中际旭创跃升创业板市值第二，为山东新旧动能转换写下亮眼注脚。这家源自烟台的企业从传统装备制造跨界切入光模块赛道，凭 借200G、400G、800G及1.6T等高速光模块产品站稳全球龙头，其快速成长不仅刷新了鲁股市值天花板，更向市场展现了山东企业 拥抱新经 ...

张智刚强调，要深入学习贯彻习近平总书记2026年新年贺词和在全国政协新年茶话会上的重要讲话精神，从中汲取奋进力量，坚决扛牢职责使命，确 保"十五五"开好局、起好步、开门红，更好服务党和国家工作大局，服务经济社会高质量发展，服务保障和改善民生，奋发有为推动公司和电网高质量发 展迈上新台阶。要深入学习贯彻习近平总书记对做好"三农"工作作出的重要指示精神，接续实施农网巩固提升工程，持续提升农村供电服务能力，保障好 高标准农田排灌等粮食生产加工用电需求，服务好农村分布式可再生能源开发利用、电动汽车充电设施建设，常态化做好定点帮扶和对口支援，助力巩固 拓展脱贫攻坚成果。要深入学习贯彻习近平总书记致科技日报创刊40周年的重要贺信精神，发挥企业创新主体作用，坚持科技创新和产业创新融合发展， 持续加大科研投入，更加注重基础研究，更加注重优化科研机制，统筹推进技术攻关、成果转化和人才生态建设，着力增加高质量科技供给，大力弘扬科 学家精神，进一步讲好创新故事、传播科技声音，持续营造尊重劳动、尊重知识、尊重人才、尊重创造的良好氛围。要深入学习贯彻中央政治局会议精 神，全面一体落实"五个进一步到位"重要要求，坚决扛牢管党治党责任，做 ...

十年来，长江经济带地区生产总值翻了一番多，占全国比重从42.2%提升到47.3%，居民人均可支配收入从2.3万元提高到4.4万元，增长了 91%。 央视网消息：长江经济带覆盖沿江11省市，横跨东中西三大板块，集聚的人口和创造的地区生产总值都占到了全国四成以上，是我国经济重心 所在、活力所在。国务院新闻办公室1月5日举行发布会，介绍长江经济带发展十年工作进展和成效。十年来，随着共抓大保护、不搞大开发的 理念落地生根，长江经济带走出了一条生态优先、绿色发展的新路子，长江母亲河重新焕发出了生机活力。 十年来，我国深入推进长江沿线工业、城镇污水垃圾等重点领域污染治理，彻底清理整治1361座非法码头，基本消除沿江地级及以上城市黑臭 水体，长江经济带优良水质比例从67%提升到96.5%，干流水质由部分Ⅴ类提升到全线Ⅱ类，长江十年禁渔坚定不移推进。 王昌林介绍，累计培育国家级先进制造业集群41家、战略性新兴产业集群30家，分别占全国的51%和45%。以汽车产业为例，随着电动化、智 能化技术加快变革，沿江地区汽车产业链、供应链不断焕新升级。2025年，上海、江苏、浙江、安徽、重庆新能源汽车产量均超过百万辆，一 条贯通全流域、 ...

会议研究了郑州市创新发展能力及"十五五"科技创新重大项目谋划、中原科技城建设发展、郑州产业技 术创新研究院建设、提升全社会研发投入等工作。 1月5日，省委常委、市委书记安伟主持召开市委科技委会议，强调要深入学习贯彻习近平总书记关于科 技创新的重要论述和党的二十届四中全会精神，认真落实中央、省委关于科技创新的决策部署，全面深 化"三标"活动，全力打造教育科技人才一体实践中心，加快建设全国有影响力的创新型城市，为郑州国 家中心城市现代化建设提供强有力的科技支撑。 市领导庄建球、陈宏伟、虎强、李党生、陈红民、马志峰、魏宁娣、夏扬出席。 安伟强调，要聚焦技术、聚焦应用、聚焦工业，充分发挥一流大学（科研院所）郑州研究院作用，围绕 传感器、新材料、新能源汽车、现代食品等优势产业开展技术创新、应用创新，推动重点产业链延链补 链强链，持续壮大优势产业集群，加快构建现代化产业体系。要优化机制、完善生态加快推动科研成果 转化，健全产教融合、科教融汇体系，加速建设郑州产业技术创新研究院，深入探索"拨投结合"模式， 打造强有力的"创新港湾"，不断提升创新成果转化水平。要改进工作、创新方法，有关部门要搭平台、 建机制、强服务，进一步激 ...

1月6日，平安上证科创板50成份ETF(代码：589150)正式上市。该产品紧跟上证科创板50成份指数，为 投资者精准把握国家科技创新战略机遇、分享硬科技企业成长红利提供优质投资工具。 当下科创50指数投资价值依旧突显 科创板经过一年多上涨之后，其估值处于历史相对较高位置。对此，科创50ETF平安基金经理李严表 示，科创50指数因其高成长性、高弹性依然具备显著的投资吸引力。 如今，在政策、产业、资金面多重利好支撑下，科创50指数有望持续展现其作为"科创板核心引擎"的投 资魅力。1月6日，科创50ETF平安(589150)正式上市，为各位看好科创龙头市场机遇的投资者提供一键 布局机会。 一方面，对科创板企业而言，传统的PE估值法常常"失灵"，因为很多公司处于发展初期，具有高研发 投入、轻资产、盈利波动大的特点。选择科创板股票，看重的不是当下的估值水平的高低，而是未来企 业盈利爆发力能够对估值进行持续快速的修复。科创50与市场同类宽指相比，一致预期净利润同比增速 较为领先，表现出了较强的成长性。 风险提示:本产品风险等级:R4(中风险)。基金有风险，投资须谨慎。我国基金运作时间短，不能反映股 市发展的所有阶段，基 ...