央广网北京10月24日消息 据中央广播电视总台中国之声《新闻和报纸摘要》报道，党的二十届四 中全会高度评价"十四五"时期我国发展取得的重大成就，审议通过了《中共中央关于制定国民经济和社 会发展第十五个五年规划的建议》，为未来五年中国发展擘画蓝图。 中央委员、国家发展改革委主任郑栅洁：国家发展改革委将以高度的政治责任感和使命感，认真学 习、深刻领会总书记的重要讲话和全会的精神，锚定"十五五"时期经济社会发展的主要目标和战略任 务，主动作为、不折不扣、有力有效地抓好落实，同时我们将认真对标对表建议，广泛地征求吸收群众 的智慧、基层的经验、社会的期盼，抓紧起草"十五五"规划纲要草案。 中央委员、北京市市长殷勇：党的二十届四中全会是接续推进中国式现代化建设的又一次总动员、 总部署。北京市将牢记首都职责使命，坚定拥护"两个确立"、坚决做到"两个维护"，以时不我待的精 神，认真贯彻落实党中央决策部署。我们将更加注重强化首都功能，更加注重增强创新动能，更加注重 绿色发展，更加注重增进民生福祉，更加注重统筹发展和安全，确保首都安全稳定。 全会指出"十五五"时期经济社会发展必须遵循的原则和主要目标。与会同志们表示，要将全会精神 ...

Core Insights - The Ministry of Industry and Information Technology of China has announced the list of innovation tasks for future industries by 2025, with State Grid Fujian Electric Power successfully leading five tasks [1][2][3] - The focus areas include quantum technology, atomic-level manufacturing, and clean hydrogen, with a total of 58 tasks released [1] Group 1: Quantum Technology - State Grid Fujian Electric Power is leading the "Quantum + New Energy" task, which aims to develop quantum sensors for applications in energy storage systems and electric vehicle batteries [1] - The task involves research on multi-scale, multi-physical field, and cross-platform quantum sensor integration technology, targeting high-sensitivity magnetic quantum detection [1] - The "Distributed Quantum Key Resource Pool" task, led by State Grid Fujian Information Technology Company, focuses on integrating quantum random number generation, quantum key distribution, and other technologies for secure communication [2] Group 2: Hydrogen Energy - The "High-Power SOEC/SOFC Hydrogen Energy Storage and Power Generation System" task, led by State Grid Fujian Research Institute, aims to develop efficient hydrogen-electric coupling technologies for industrial microgrid applications [2] - The task includes modular design and integrated solutions for solid oxide electrolysis and fuel cell systems, targeting renewable energy and backup power applications [2] - The "Low-Temperature, Low-Pressure, Wide Hydrogen-Nitrogen Ratio Ammonia Catalyst" task, led by Fuzhou University, focuses on developing efficient catalysts for green ammonia synthesis under flexible conditions [3]

Core Viewpoint - The storage chip market is entering a "super cycle," with major suppliers like Samsung and SK Hynix planning to raise prices by up to 30% in Q4 2023 to meet the surging demand driven by AI applications [1] Group 1: Market Dynamics - The price increase in storage chips, including DRAM and NAND, is expected to improve profit forecasts for related companies in the A-share market, leading to rising stock prices [1] - Major international manufacturers are shifting production capacity from mature processes like DDR4 to high-value areas such as HBM, creating a significant supply gap in the global market [1] - Domestic storage chip companies are positioned to benefit from this overflow demand [1] Group 2: Policy and Technological Context - The 14th Five-Year Plan emphasizes high-quality development and significant improvements in technological self-reliance, aiming to accelerate original innovation and tackle key core technologies [1] - The AI industry is currently experiencing a three-dimensional resonance of policy, technology, and demand, supported by top-down policy empowerment and potential funding [1] - The performance of domestic chip and cloud computing leaders is gradually validating their market positions, with ongoing capital expenditures from major firms enhancing industry development certainty [1] Group 3: ETF Performance and Market Trends - The Sci-Tech Innovation Board ETFs, particularly those focused on semiconductor sectors, have shown strong performance, with significant increases in share prices and fund inflows [2][3] - The Sci-Tech 50 ETF saw a 2.80% increase, with semiconductor stocks like Shengyi Electronics and Baiwei Storage leading the gains [2] - The overall sentiment in the AI sector remains positive, with expectations of continued growth and resilience in technology investments [3]

中原证券认为，周四（10月23日），A股市场早盘低开低走，临近尾盘震荡回升。盘中煤炭、能源金 属、电力以及文化传媒等行业表现较好；工程机械、采掘、生物制品以及半导体等行业表现较弱。市场 政策预期升温，叠加美联储年内仍有降息空间，将对市场形成支撑。当前A股市场可能继续呈现蓄势震 荡的特征，在国内政策预期升温与三季报业绩验证的支撑下，结构性机会依然丰富。关注三季报业绩验 证，寻找盈利优势明显的细分方向。预计短期市场以稳步震荡上行为主，仍需密切关注政策面、资金面 以及外盘的变化情况。 东莞证券认为，周四（10月23日），A股市场呈现探底回升态势。当前指数运行至阶段高位，资金分歧 逐步显现，需警惕获利盘了结可能引发的短期震荡。不过，随着部分海外扰动因素出现边际缓和，美元 流动性预期改善，有望对A股市场资金面形成支撑。同时，在政策持续发力背景下，四季度经济基本面 有望逐步修复。整体来看，A股市场短期或进入震荡整理阶段，但中期震荡上行趋势仍有望延续。 财信证券认为，周四（10月23日），A股大盘探底回升，三大指数收涨。盘面上，深圳本地股板块、锂 矿板块、煤炭板块、量子科技概念表现活跃，而深地经济、算力硬件、房地产等方向表 ...

Core Viewpoint - The article discusses the key points from the 20th Central Committee's Fourth Plenary Session, which approved the "Suggestions on Formulating the 15th Five-Year Plan for National Economic and Social Development," outlining China's economic and social development blueprint for the next five years [3]. Group 1: Modern Industrial System - The construction of a modern industrial system is prioritized in the 15th Five-Year Plan, emphasizing the importance of the real economy for China's future [5]. - The plan includes four key tasks: optimizing traditional industries, nurturing new industries, enhancing service quality, and building modern infrastructure [5][6]. - Traditional industries, which account for approximately 80% of the manufacturing value added, will see efforts to upgrade and enhance their global competitiveness, potentially creating a market space of around 10 trillion yuan over the next five years [5]. Group 2: New and Emerging Industries - The plan aims to cultivate and expand emerging industries, with the "three new" economy's contribution to GDP exceeding 18% in 2024 [6]. - Strategic emerging industries such as new energy, new materials, and aerospace are expected to generate several trillion-level markets, contributing significantly to economic growth [6]. - Future industries like quantum technology and brain-machine interfaces are identified as new growth points, potentially creating a high-tech industry scale equivalent to recreating China's high-tech sector over the next decade [6]. Group 3: Service Industry Development - The service industry is recognized for its potential for expansion and quality improvement, with actions proposed to enhance the integration of modern services with advanced manufacturing and agriculture [6]. - This initiative is expected to reshape the economic ecosystem and meet the growing needs of the population, opening up new market opportunities [6]. Group 4: Infrastructure and Domestic Demand - The plan emphasizes the construction of a modern infrastructure system, leveraging China's existing extensive network of transportation and utilities [7]. - Expanding domestic demand is highlighted as a strategic move, with a focus on enhancing consumption and investment to stimulate economic growth [7][8]. - The government aims to optimize investment structures, increasing the proportion of investments in public welfare and addressing critical development needs [8]. Group 5: Market Integration and Regulation - The article notes the reduction of market access restrictions and the cleaning up of policies that hinder resource flow, aiming for a unified market system [8]. - The plan includes measures to eliminate local protectionism and market segmentation, enhancing regulatory consistency and addressing competitive inefficiencies [8].

Market Overview - The A-share market saw all three major indices rise, with the Shanghai Composite Index up by 0.22%, and both the Shenzhen Component Index and the ChiNext Index also increasing by 0.22% and 0.09% respectively. The total trading volume in the Shanghai and Shenzhen markets was 1.6439 trillion yuan, a slight decrease of 23.9 billion yuan from the previous day [1]. Banking Sector Analysis - The banking sector has been a focal point, experiencing a significant rise since October 13, attributed to its role in stabilizing the market. The banking sector index has increased nearly 10%, with Agricultural Bank of China (601288) rising approximately 20% [2]. - Historical trends indicate that after a period of rising bank stocks, a subsequent pullback often occurs, leading to market fluctuations. For instance, after a similar rise earlier this year, the banking sector peaked on July 11 before entering a consolidation phase [2][3]. - The current sentiment suggests that the most concerning phase for the market may have ended, as the Shanghai Composite Index closed at its second-highest level since the beginning of this rally [3]. Key Market Drivers - Two significant news events are expected to influence market dynamics: 1. U.S.-China trade talks scheduled from October 24 to 27 in Malaysia [5]. 2. The release of the communique from the 20th Central Committee's Fourth Plenary Session, highlighting the importance of technological self-reliance and a strong aerospace sector [6]. Sector Performance - Defensive sectors, particularly oil, coal, and electricity, have shown strong performance, indicating that the demand for stable investments remains high [7]. - AI-related sectors, including media entertainment and software services, have also performed well, suggesting that market participants are still interested in AI applications despite a shift in focus [8]. - Reports indicate that major memory suppliers like Samsung and SK Hynix plan to raise prices of storage products by up to 30% in response to increased demand driven by AI [8]. Investment Outlook - The market is approaching a potential breakout, with the banking sector's performance being crucial for further upward movement. If the securities sector also gains momentum, a new high could be achieved [3][8]. - As the third-quarter earnings reports are released, companies that exceed expectations should be closely monitored for investment opportunities [9].

Market Performance - The three major A-share indices collectively rose in the morning session, with the Shanghai Composite Index increasing by 0.42%, reaching a new year-high of 3946.16 points at its peak [1] - The Shenzhen Component Index rose by 1.3% to 13195 points, while the ChiNext Index saw the largest gain, closing up 2.09% at noon [1] - Over 2900 stocks in the Shanghai, Shenzhen, and Beijing markets were in the green, with a total transaction volume of 1.24 trillion yuan in the morning [1] Sector Performance - The storage chip and commercial aerospace sectors experienced a collective surge, with stocks like Purun Co. and Dawi Co. hitting the daily limit [1] - Commercial aerospace concept stocks such as Aerospace Zhizhuang and China Satellite also reached their daily limits [1] - Broader technology sectors, including quantum technology, military equipment, and brain-computer interface stocks, showed strong performance [1] - Stocks related to computing hardware, such as PCB and CPO, also saw gains, with companies like Shengyi Electronics and Kexiang Co. hitting the daily limit [1] Energy and Banking Sector - Conversely, the energy sector, including coal and gas, faced adjustments, with Baichuan Energy hitting the daily limit down and Yunmei Energy nearing the limit down [1] - Local Shenzhen stocks, which had surged previously, collectively corrected, with Shen Shui Gui Yuan dropping over 10% and leading declines in Shen Property A and Shen Textile A [1] - Most continuously rising bank stocks experienced declines, with Jiangyin Bank dropping over 3%, and several others, including Qingdao Bank and Chongqing Bank, falling over 1% [1] - Agricultural Bank turned positive after initially dropping about 2% in the morning session [1]

Market Performance - The three major indices collectively rose in early trading, with the Shanghai Composite Index up 0.42%, the Shenzhen Component Index up 1.3%, and the ChiNext Index up 2.09% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.2393 trillion yuan, an increase of 181.3 billion yuan compared to the previous day [1] - Over 2900 stocks in the market experienced gains [1] Sector Performance - The storage chip, commercial aerospace, computing hardware, and quantum technology sectors saw significant gains [1] - The storage chip sector had a collective surge, with companies like Kexiang Co., Puran Co., and Dawi Co. hitting the daily limit, while Xiangnong Chip Innovation rose over 15% to reach a historical high [1] - The commercial aerospace sector also experienced a breakout, with Aerospace Intelligent Equipment hitting the daily limit and companies like Dahua Intelligent, China Satellite, and Zhongtian Rocket also reaching the daily limit [1] - The computing hardware stocks performed strongly, with Zhongji Xuchuang hitting a new high and Shengyi Electronics reaching the daily limit, alongside other companies like Huilv Ecology and Shenghong Technology showing upward movement [1] - Other active sectors included quantum technology, military equipment, and brain-computer interface [1] Declining Sectors - The coal mining and oil and gas extraction sectors collectively retreated, with companies like Yunmei Energy and Antai Group hitting the daily limit down, while companies like Quanyou Co., Beiken Energy, and Tongyuan Petroleum saw significant declines [1] - Shenzhen local stocks experienced a substantial pullback, with Shen Shui Guiyuan dropping over 10%, and companies like Shen Property A and Shen Textile A leading the decline [1]

Core Viewpoint - The company has established a wholly-owned subsidiary in Hong Kong to create a cross-border technology collaboration platform aimed at serving a diverse client base including banks, securities firms, and funds [1] Group 1: Business Development - The company has signed business cooperation agreements with multiple overseas institutions to accelerate its overseas expansion strategy [1] - The company plans to fully expand the application of AI Agents in various financial business scenarios such as marketing, risk control, and operations [1] Group 2: Technological Exploration - The company is exploring business opportunities in digital asset management, cross-border payments, and supply chain finance by leveraging blockchain, smart contracts, privacy computing, and quantum technology for encryption [1] - The goal is to build a secure and efficient financial infrastructure ecosystem [1]

Strategic Emerging Industries - The "Suggestions" propose accelerating the development of strategic emerging industry clusters such as new energy, new materials, aerospace, and the low-altitude economy, which will generate several trillion-yuan-level (trillion CNY) or even larger markets [1] - The "Suggestions" also propose forward-looking layouts for future industries, promoting quantum technology, bio-manufacturing, hydrogen energy and nuclear fusion energy, brain-computer interfaces, embodied intelligence, and 6G mobile communication to become new economic growth points, which will recreate a Chinese high-tech industry in the next 10 years [1] Industrial System Development - The "Suggestions" place "building a modern industrial system and consolidating and strengthening the foundation of the real economy" as the top strategic task, deploying four key tasks that can be grasped from "strengthening the foundation and upgrading, innovating and cultivating new, expanding capacity and improving quality, and strengthening the foundation and increasing efficiency" [2]