格隆汇2月5日丨卫光生物(002880.SZ)公布，公司下属全资子公司深圳市卫光生物股权投资管理有限公 司（简称卫光投资）拟与深圳市科发资本私募股权基金管理有限公司（简称科发资本）、深圳市卫光创 业投资有限公司（简称卫光创投）及深圳市光明区引导基金投资管理有限公司（简称光明区引导基金） 共同出资设立深圳市光明启航新程私募股权投资基金合伙企业（有限合伙）（暂定名，以市场监督管理 部门最终核准的名称为准。简称光明启航新程投资基金），并签署《深圳市光明启航新程私募股权投资 基金合伙企业（有限合伙）合伙协议》。光明启航新程投资基金规模为人民币5,500万元，其中卫光投 资作为有限合伙人以自有资金认缴出资人民币1,650万元，持有合伙企业30%的合伙份额。合伙企业主 要投资于生物医药、合成生物、医疗器械、脑科学等深圳市光明区扶持和鼓励发展的战略性新兴产业、 未来产业和其他深圳市、光明区政府重点发展产业的项目、子基金。 ...

Core Insights - Hubei province aims to enhance industrial quality and efficiency, targeting a 6.9% growth in industrial added value by 2025, exceeding the national average by 1 percentage point [1] - The province's five pillar industries, including optoelectronic information and automotive manufacturing, are expected to surpass 1 trillion yuan, while six advantageous industries will exceed 500 billion yuan [1] - Hubei plans to implement 4,082 industrial technological transformation projects, with industrial investment projected to grow by 6.6% [1] Group 1: Industrial Development - Hubei is focusing on optimizing its industrial system and promoting transformation and upgrading to create new advantages [1] - The automotive sector is projected to produce 820,000 vehicles by 2025, with new energy vehicles accounting for 45% of total production [1] - The province is advancing strategic emerging industries, including humanoid robots and 6G innovation, with the AI industry expected to maintain over 20% growth [1] Group 2: Technological Integration - Hubei is promoting the integration of science and industry, with two manufacturing pilot platforms achieving national-level status, ranking third in the country and first in Central China [3] - The province is developing a digital economy, focusing on new infrastructure such as communication networks and industrial internet, with 188,000 5G base stations built [3] - By 2025, Hubei aims to add 3,023 innovative small and medium-sized enterprises, bringing the total to 13,314, and increase the number of specialized and innovative SMEs to 7,187 [3]

市政协十四届四次会议昨举行大会发言，21位政协委员先后登台，聚焦"十五五"开局起步，围绕加快建 设"五个中心"、深化高水平改革开放、推进城市治理现代化、保障和改善民生等，建言献策、凝聚共 识，助力上海充分发挥龙头带动和示范引领作用。 当好高质量发展风向标 围绕上海"十五五"开好局，市政协常委阮青提出，首先，要以精准举措做大经济总量。"从增长潜力和 发展条件看，上海经济的潜力和活力正在被有效激发。"未来应聚焦实体经济，加大有效投资力度，持 续促进先进制造业、知识密集型和高品质服务业、算力等领域投资。同时，着力构建大中小微企业协同 共生的生态，分类施策安商助商，既要引育头部和龙头企业，加速培育高新技术企业、上市公司和"独 角兽"，也要重视帮助小微企业和一人公司。其次，必须因业制宜增强发展新动能。阮青提出，需推动 传统产业深度焕新，加快智改数转步伐，带动面上企业提质增效；扩大增长主力型产业优势，乘势而上 发展三大先导产业，支持重点企业深耕核心技术，并保持信息、金融等服务业良好发展态势；布局未来 产业新赛道，在不同技术路线、典型应用场景、可行商业模式和市场监管规则方面加大探索力度。再 次，要以内外联动拓展辐射新空间， ...

Economic Structure Insights - The primary industry in the Beijing-Tianjin-Hebei region remains below 10% of GDP, with a slow decline observed from 2019 to 2024[10] - The secondary industry is also below 40%, with notable differences among provinces; Hebei and Tianjin maintain over 30% while Beijing is below 20%[16] - The tertiary industry has become the dominant sector, exceeding 50% in all provinces, with Beijing reaching 85.27% in 2024, an increase of 0.96 percentage points since 2019[21] Regional Development Strategies - Beijing focuses on high-end industries, with the information transmission and software services sector as a key pillar, contributing 22.2% to GDP in 2024[47] - Tianjin emphasizes application scenarios to empower industrial chains, with the information technology application innovation industry as a leading sector[5] - Hebei aims to accommodate industrial transfers with a focus on traditional industries like steel and emerging sectors such as biomedicine[5] Future Industry Focus - Beijing's "2441" high-precision industry system targets strategic emerging industries, including integrated circuits and artificial intelligence, with a projected scale of nearly 6 trillion yuan by 2024[39] - Tianjin's modern industrial system upgrade includes biomedicine as a top emerging industry, with significant early investments in biomanufacturing[5] - Hebei's strategic plan highlights biomedicine as a priority emerging industry, alongside traditional sectors like steel[5] Risks and Challenges - Potential risks include policy implementation delays, ineffective coordination mechanisms, and economic slowdown, which could hinder regional development and industrial opportunities[5]

行业 国债日报 日期 2026 年 2 月 5 日 研究员：何卓乔(宏观贵金属) 18665641296 hezhuoqiao@ccb.ccbfutures.com 期货从业资格号：F3008762 研究员：黄雯昕(国债集运) 021-60635739 huangwenxin@ccb.ccbfutures.com 期货从业资格号：F3051589 研究员：聂嘉怡(股指) 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 | | 表1：国债期货2月4日交易数据汇总 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 合约 | 前结算价 | 开盘价 | 收盘价 | 结算价 | 涨跌 | 涨跌幅 （%） | 成交量 | 持仓量 | 仓差 | | TL2603 | 111.960 | 112.000 | 111.700 | 111.740 | -0.260 | -0.23 | 75582 | 125098 | -2215 | | TL260 ...

□四川日报全媒体记者 钟帆 蒋君芳未来五年四川将聚焦8个未来产业领域 深地科学 第六代移动通信（6G） 量子科技 元宇宙 前沿生物 为何是这8条赛道？四川如何跑出加速度？ 为何落子？ 四川有基础、有优势 在代表委员们看来，发展未来产业是大势所趋。今年是"十五五"开局之年，中央政治局首次集体 学习就是聚焦未来产业发展，传递出新征程上我国将加快培育和发展未来产业，以现代化产业新 优势把握未来发展主动权的鲜明信号。 "国家定调发展未来产业，作为经济大省，四川必须挑起大梁。同时，四川的经济总量已超过6万 亿元，再上'新台阶'势必要找出新的突破点，发展未来产业是必然选择。"省政协委员、西南财经 大学中国西部经济研究院院长毛中根认为。 未来产业是一个较为宽泛的概念，赛道众多。四川为何选择上述这8个？采访中，代表委员一致的 看法是，有基础、有优势。 脑科学与脑机接口 氢能和可控核聚变 超高速轨道交通 审查四川省国民经济和社会发展第十五个五年规划纲要草案，是省十四届人大五次会议的一项重 要议程。记者注意到，在这份草案中，"加快培育未来产业"作为构建现代化产业体系、塑造发展 新动能的关键举措被突出强调。 规划纲要草案明确，未来 ...

Group 1 - The core issue identified is the relatively weak R&D system in Sichuan's power battery and energy storage cell production, despite being ranked third nationally in capacity [3] - Companies like CATL and BYD have established production bases in Sichuan, but their R&D headquarters remain outside the province, presenting both opportunities and potential risks for industrial layout adjustments [3] - A significant statistic noted is that last year, Liangshan Prefecture experienced a water abandonment power generation of 20 billion kilowatt-hours, highlighting the conflict between rapidly growing renewable energy installations and insufficient grid absorption capacity [3] Group 2 - The transformation cycle of technology is long and risky, indicating challenges in the "last mile" of technology commercialization, which requires collaboration between scientists and entrepreneurs [3] - The future industry and strategic emerging industries differ significantly, with the former having a longer technology conversion chain and uncertain commercialization prospects, suggesting that traditional investment-heavy models may no longer be suitable [3] - A recommendation was made to accelerate the construction of elderly-friendly cities as a proactive response to profound demographic changes, enhancing the quality of elderly care services [3] Group 3 - The importance of nurturing children's real interpersonal communication skills in the era of artificial intelligence was emphasized, indicating a need for educational reforms [3] - The suggestion to utilize domestic online platforms for global broadcasting aims to shift the Chinese film industry from "borrowing boats to go to sea" to "building boats to go to sea," reflecting a strategic vision for cultural export [3]

Core Insights - The development of future industries, particularly brain-computer interfaces (BCIs), is a strategic focus for China, emphasizing the need for scientific planning and comprehensive coordination [1] Group 1: Industry Development - The Chinese government aims to significantly enhance the innovation capabilities of the BCI industry by 2030, establishing a reliable industrial system and nurturing 2 to 3 globally influential leading enterprises [1] - Various regions in China, such as the Yangtze River Delta, Beijing-Tianjin-Hebei, and the Guangdong-Hong Kong-Macao Greater Bay Area, are leveraging their unique advantages to advance BCI technology and applications [1] Group 2: Challenges and Solutions - The BCI industry faces systemic challenges, including technological innovation gaps and a lack of unified standards for brain data collection, which hinder innovation among small and medium enterprises [2] - To address these challenges, a problem-oriented approach is recommended, focusing on multi-technology exploration, open scenarios, and regulatory adaptation to foster a collaborative development environment [2] Group 3: Application and Commercialization - There is a push to expand BCI applications across various sectors such as healthcare, industrial, and education, with an emphasis on market-driven technology iteration and innovative business models [3] - Financial support mechanisms, such as establishing an investment fund for the BCI industry, are being explored to mitigate early-stage investment risks for innovators [3] Group 4: Regulatory and Safety Framework - The establishment of a comprehensive standard system covering technology development, data security, and clinical applications is crucial for the BCI industry [3] - Innovative regulatory approaches, including regulatory sandboxes, are being considered to provide safe testing environments for new products [3] Group 5: Talent Development - Support for interdisciplinary education in fields like neuroengineering and the establishment of collaborative laboratories is essential for nurturing talent in the BCI sector [4] - A full-chain incubation system is proposed to foster the growth of various enterprises, from startups to established companies, enhancing the overall industry ecosystem [4]

胡 明 "十四五"期间，江苏民间投资结构持续优化，对稳就业、稳企业、稳市场、稳预期起到重要作用。建 议：一是落实促进民营经济发展的政策措施。进一步建立政策措施落实的跟踪反馈和效果评估机制，加 快完善常态化政企沟通和涉企诉求闭环处理机制，在破除竞争性领域投资障碍、营造公平竞争市场环境 等方面持续发力。二是支持推动存量企业立足本地增资扩产。依托我省先进制造业集群部署整合资源， 避免盲目投资和低水平重复建设，实现企业稳产增效、跃升发展的良性循环。加快设立全省增资扩产基 金、并购基金，引导支持链主企业、行业龙头企业实施战略性重组和高质量并购。三是大力促进苏商回 乡投资。推动实施"苏商回乡投资计划"，吸引更多江苏籍企业家回乡投资兴业。发挥企业家积极性，吸 引更多优质企业落户江苏。四是持续优化促进民间投资发展的良好环境。严格规范涉企执法，形成"无 事不扰、有求必应"服务企业机制。对战略性新兴产业、未来产业等重点领域，调整优化政策力度，破 解发展制约。切实加强产权司法保护，积极促进民营经济领域纠纷多元化解，保护企业合法权益。积极 探索高效便捷的信用修复服务模式，建立符合市场需求的信用评价和金融风控模型。 胡 明代表江苏省工 ...

表：各省份"十五五"规划建议新兴产业与未来产业布局 （因篇幅较长，仅展示部分） "十五五"启航，新一轮产业变革的风向标已经清晰浮现。 火石创造通过梳理全国31个省（区、市）"十五五"规划建议，发现了一张密集交织、错位布局的"产业 地图"。从沿海经济大省到内陆新兴区域，一场围绕新兴产业和未来产业的战略竞合正在全面铺开。 | 120 | 地区 | 新兴产业 | 大米产业 | | --- | --- | --- | --- | | 昌 | | | | | | 广东 | 新能源、新材料、商业航天、低空经济、新能 源车船、集成电路、新型储能、医药和医疗器 | 量子科技、生物制造、氢能、核聚变能、 | | | | | 脑机接口、具身智能、第六代移动通信 | | | | 械、无人机、无人船 | | | | 江苏 | | 第三代半导体、氢能、生物制造、量子科 | | 2 | | 新一代信息技术、新能源、新材料、生物医药 、高端装备、航空航天、低空经济、大飞机 | 技、脑机接口、具身智能、深海深地、原 | | | | | 子级制造、第六代移动通信 | | | | 人工智能、集成电路、新能源、新材料、航空 | | | | 山东 ...