山西出台《决定》因地制宜发展新质生产力 中新网太原9月29日电 (记者 杨杰英)29日，山西省十四届人大常委会第二十四次会议法规新闻发布会在 太原召开。会上，山西省人大财经委副主任委员段宝燕就此前会议表决通过的《山西省人民代表大会常 务委员会关于因地制宜发展新质生产力的决定》(以下简称《决定》)有关情况作新闻发布，并对《决 定》的重要意义和主要内容进行详细解读。 段宝燕表示，当前山西正处于高质量发展的关键期和全方位转型的窗口期，必须破解对传统生产力的路 径依赖，系统性破除体制机制障碍。此举旨在通过人大的立法引领和保障作用，汇聚先进生产要素，建 立与新质生产力发展相适应的新型生产关系。 《决定》为山西发展新质生产力指明了清晰路径。其核心在于坚持以科技创新为引领，因地制宜发展具 有高科技、高效能、高质量特征的新质生产力。根据《决定》，山西设定了明确目标：力争实现科技创 新对经济增长贡献率显著提升，构建起富有山西特色和比较优势的现代化产业体系，并在经济社会全面 绿色转型方面取得显著成效。 围绕总体目标，《决定》规划了涵盖科技创新、产业升级、绿色转型、体制改革和人才集聚五大领域的 立体化实施路径。 科技创新被置于核心 ...

Market Overview - A-shares and Hong Kong stocks showed strong performance, driven by the financial sector and the renewable energy industry, reflecting a dual drive of growth and value, with policy benefits leading market sentiment [1] - The A-share ChiNext Index and Hong Kong Hang Seng Technology Index recorded significant gains of 2.74% and 2.08%, respectively, indicating active capital positioning ahead of the fourth quarter [1][2] - The market is expected to continue its upward trend before the National Day holiday, but profit-taking pressure may arise [1] Major Index Performance - A-share market saw a comprehensive rise in growth style, with the Shanghai Composite Index closing up 0.9% at 3862.53 points, and the Shenzhen Component Index rising 2.05% to 13479.43 points [2] - The total number of rising stocks reached 3576, while 1658 stocks declined, indicating a strong market breadth [2] - In the Hong Kong market, the Hang Seng Index rose 1.89% to 26622.88 points, with significant contributions from financial and technology sectors [2] Industry Highlights and Driving Logic - Non-bank financial sector surged, particularly brokerage stocks, stimulated by central bank policies [3] - The renewable energy sector, especially lithium battery electrolyte, saw a significant increase of 7.69%, driven by technological breakthroughs and government support [3] - Precious metals also experienced a notable rise, with international gold prices surpassing $3810 per ounce, marking a historical high [3] Underperforming Sectors and Driving Logic - Traditional defensive sectors in the A-share market, such as coal and education, showed weak performance due to valuation pressures and policy uncertainties [4] - In the Hong Kong market, defensive sectors like telecommunications and water utilities faced declines, reflecting a shift in capital towards growth stocks [4] Investment Strategy Recommendations - The market is currently in a critical window of policy and industry catalysts, with short-term policy benefits and liquidity expectations supporting risk appetite [5] - Short-term focus should be on non-bank financials, renewable energy sectors, and cyclical commodities like copper and gold, which are expected to maintain strength [6] - Long-term investment strategies should align with the "14th Five-Year Plan," emphasizing green transformation, technological innovation, and national security [6]

Market Review - The report highlights a "deposit migration" phenomenon in July, indicating that residents are increasing their allocation to risk assets, which should be considered when interpreting capital market statistics [1] - In September, despite technical indicators showing signs of divergence, major indices did not experience significant adjustments but instead consolidated at high levels, with residents buying risk assets on dips, effectively limiting the downside of indices [1] - The market exhibited structural differentiation, with strong performance in technology innovation sectors, particularly semiconductors and photovoltaics, while low valuation and dividend styles underperformed, and the financial sector saw a significant decline [1] Economic Environment - In August, investment, consumption, and export growth rates showed a downward trend, but monetary data remained positive; PPI year-on-year growth continued to decline but narrowed significantly compared to July [2] - From January to August, industrial enterprise profits turned positive year-on-year, with a slight recovery in operating income profit margins [2] - By the end of August, the year-on-year growth rate of non-financial enterprises' RMB demand deposits increased by 6.7%, up 2.3 percentage points from the previous month, aligning with the stabilization of M1 growth [2] Policy Environment - The policy focus in the third quarter continued to emphasize technological innovation while significantly strengthening the directions of "anti-involution" and "promoting consumption," with supply-side optimization combined with demand-side guidance [3] - An important article published in "Qiushi" magazine emphasized the need to build a unified national market, which is crucial for constructing a new development pattern and gaining international competitive advantages [3] Investment Strategy - Over the past year, policies have gradually advanced various reform and innovation measures, with effects being released and results becoming evident [4] - The report suggests that investors who believe in policies have already experienced the transition of the securities market from bearish to bullish; the market is now entering a new phase driven by performance recovery and deposit activation [6] - The report recommends maintaining a "barbell" allocation strategy focusing on dividend assets and technological innovation, while avoiding chasing highs and lows during the index consolidation period [6] Market Performance - As of September 26, major indices such as the London Gold and Ho Chi Minh Index led the performance among major asset classes, with London Gold reaching a historical high of $3758.78 per ounce, up 43.2% year-to-date [10] - The A-share market saw significant gains, with the total return of the entire A-share market at 24.0% year-to-date, and the ChiNext Index and Sci-Tech 50 leading with gains of 47.2% and 46.7%, respectively [11] - The report notes that 87.1% of the 27 Shenwan first-level industries have risen year-to-date, with the communication sector leading with a cumulative increase of 63.6% [17] Fund Flow - Southbound capital inflows reached a new high, with a cumulative net inflow of 48,514.8 billion HKD as of September 26, marking a monthly net inflow of 1,746.9 billion HKD in September [25] - The margin financing balance reached a historical high of 24,273.7 billion CNY, with a significant increase compared to the previous month and year-end [27]

Core Viewpoint - The largest scale of competitive private placement in the semiconductor equipment industry in the past three years has been completed, with several public funds participating in the allocation [2][12]. Group 1: Fundraising Details - Semiconductor equipment leader, Shengmei Semiconductor Equipment (Shanghai) Co., Ltd., has completed a private placement fundraising of nearly 4.5 billion yuan [2][3]. - The total number of shares issued in this private placement is 38.6013 million shares, with an issue price of 116.11 yuan per share, raising a total of 4.482 billion yuan [3][8]. - The funds raised will enhance the company's R&D capabilities in the semiconductor equipment field [2][8]. Group 2: Participating Institutions - Five public funds participated in the private placement, including E Fund, Xingsheng Global, and others, with E Fund acquiring 144 million yuan worth of shares [3][7]. - Shanghai Pudong New Industry Investment Co., Ltd. received the largest allocation of 1.5 billion yuan, followed by Caitong Fund with 544 million yuan [3][4]. Group 3: Company Performance - Shengmei Shanghai reported a revenue of 3.265 billion yuan in the first half of the year, a year-on-year increase of over 35%, with a net profit of nearly 700 million yuan, up approximately 57% [13]. - The company has seen continuous growth in revenue and net profit from 2018 to 2024, with revenue increasing from 550 million yuan to 5.618 billion yuan, and net profit from 93 million yuan to 1.153 billion yuan, with average annual growth rates exceeding 30% [13]. Group 4: Market Context - The semiconductor market is expected to shrink by 8% in 2023 but is projected to grow by 12% to 687.3 billion dollars by 2025 [12]. - The private placement market has seen a surge in interest in technology innovation sectors, with semiconductor industry private placements reaching 19.4 billion yuan in the first seven months of the year, a fivefold increase compared to the previous year [18][19].

Core Insights - Beijing has established itself as a global innovation hub during the "14th Five-Year Plan" period, showcasing significant achievements in scientific research and technological innovation [1][2][10] - The city has maintained a leading position in various metrics, including R&D investment intensity and high-value invention patents per capita, indicating robust innovation capabilities [1][4][5] Group 1: Breakthroughs in Core Areas - Beijing is recognized as the "Artificial Intelligence Capital," with ongoing development of new research institutions and groundbreaking AI technologies [4][5] - The city has over 2,400 AI-related companies, with a core industry scale nearing 350 billion yuan, leading the nation in both quantity and quality of AI models [5][6] - Significant advancements in commercial aerospace and healthcare sectors have been achieved, including the launch of the world's first liquid oxygen-methane rocket and the approval of the first stem cell therapy product [5][6] Group 2: Collaborative Foundations for Innovation - The talent pool in Beijing exceeds 8 million, with a high density of skilled professionals, including nearly half of the nation's academicians [6][7] - Educational institutions play a crucial role in nurturing talent, with a focus on high-demand fields such as AI and integrated circuits [7][8] - The city has established a strong link between academia and industry, promoting collaborative talent development through initiatives like the "dual mentor system" [8][9] Group 3: Reforms and International Cooperation - Beijing is at the forefront of reforming its innovation ecosystem, implementing policies that integrate education, technology, and talent development [10][11] - The city has expanded its international cooperation, establishing a hub for international technology organizations and hosting global innovation forums [11][12] - Future goals include becoming a significant source of scientific innovation and a leader in emerging industries, further enhancing Beijing's role in the global innovation landscape [11][12]

习近平总书记强调："科技创新、科学普及是实现创新发展的两翼，要把科学普及放在与科 技创新同等重要的位置"。 数字化浪潮席卷全球的今天，科普正以更加生动多元的形式融入公众生活。广大科普工作者 或深入一线，或在网络上通过短视频、直播等形式开展科普活动。通过多形态、接地气的讲 解展示，让专业科学知识变得通俗易懂，生动有趣。正逢首个全国科普月，我们邀请了五位 科普工作者，请他们讲述自己的科普故事。 "恐龙"院士 在孩子心中种下科学的种子 从上世纪90年代写科普文章算起，我做科普工作已经几十年了。我的感受是，做科普重要的是传递科学 家精神，让科学家成为人们心中的榜样。 中国是世界上发现恐龙物种最多的国家，是个"恐龙大国"。我是研究恐龙的，讲恐龙故事时，会介绍现 在的鸟类是怎样从恐龙演化来的，怎么寻找化石，从化石中能发现什么。也会讲到有哪些有意思的科学 争论，不同科学家怎样对同一个发现做出不同解读。 我讲过这样一个事情。著名的三叠中国龙，是我们学科创始人杨钟健院士命名的，但这种恐龙后来被发 现其实生活在侏罗纪早期，"三叠中国龙"这一名称并不准确。这说明，再伟大的科学家也有可能犯错， 但这并不影响杨先生的学科开拓者和奠基人 ...

日前，中国企业联合会、中国企业家协会在2025世界制造业大会开幕式上发布2025中国制造业企业500 强榜单。南山集团有限公司以亮眼成绩再度登榜，位列"中国制造业企业500强"第67位，较去年上升11 个位次。这不仅彰显了南山在制造业领域的强劲发展势头，也体现了其持续的创新能力和市场竞争力。 新南山化学 多年来，南山始终坚持以科技创新为驱动，优化产业结构，提升产品质量，加强品牌建设，赢得了市场 的广泛认可。 南山集团始创于改革开放初期，47年来一直坚守主业、做强实业，已形成多产业并举的发展格局。目 前，南山已形成以南山铝业(股票代码：600219)、南山智尚(股票代码：300918)、恒通股份(股票代码： 603223)、裕龙石化、新南山化学、金融、教育、文旅、健康、地产、公务航空为主导的多产业并举的 发展格局。 南山将持续"坚守主业、做强实业，坚定不移走高质量发展之路"，在"整合、优化、创新、提升、发 展"十字方针指引下，不断推动科技创新和转型升级，为中国制造业的繁荣发展贡献更多南山力量。 其中，涉及制造业31个大类中的有色金属冶炼和压延加工业、纺织业、纺织服装服饰业、石油煤炭及其 他燃料加工业、化学原料和 ...

自今年5月7日债券市场"科技板"推出以来，济南市委金融办密集施策，通过组织专题培训、全面摸排企 业、建立联动机制、争取政策试点、提供发行辅导等一揽子措施，全力推进科创债融资工作。一系列举 措旨在积极承接"央地协同、风险共担"机制，全力推进济南企业通过科创债融资。 工作启动迅速且深入，一方面通过高频次、多层次的宣传培训传导政策红利，于5月14日、6月18日及8 月26日连续组织多场专题培训及宣讲会，面向部门干部、企业融资负责人及国有企业等不同群体，有效 提升了市场认知。 另一方面，扎实做好后备资源储备，联合发改、科技、工信等多部门全面摸排科技企业，共筛选出45家 企业纳入科创债后备资源储备库。 在机制建设与合力凝聚上取得关键突破，不仅成功争取到上交所"债券市场城市行动计划"在济南试点， 建立了债券融资服务联动机制，还积极承接国家"央地协同"风险分担机制，制定配套补助政策，激励担 保和增信机构为科创债发行提供支持。 与此同时，服务主动靠前，邀请上交所及专业服务机构专家实地走访10家意向企业，"面对面"指导制定 发行方案。 值得注意的是，济南财金集团所属济南财投成功发行济南市属国有企业首单科技创新公司债券。 其中， ...

Group 1: Digital Transformation and Innovation - The company is embracing digital economy opportunities through the "Smart China Railway" strategy, integrating digital technologies into production and management for improved efficiency, safety, and environmental standards [1] - A "1+9+N" technology innovation system has been established to enhance research and development capabilities, focusing on strategic emerging industries and future industries [3] - The company is implementing fine management and enhancing digitalization and information technology to optimize supply chain management and improve operational efficiency [2] Group 2: Overseas Expansion and Business Diversification - The company has adopted an "overseas priority" strategy, achieving significant growth in international operations, with projects in over 150 countries and regions [5] - The business model has evolved from traditional construction to a diversified structure that includes engineering contracting, infrastructure operation, and high-end equipment manufacturing [6] - The company is promoting the integration of technology and industry chains internationally, enhancing the global presence of Chinese standards and products [7]

"很开心参加这次展览，看到主题就很兴奋。"劳校中学高三学生黎烨明说，自己在学校参加了航空航海 模型兴趣班，未来希望去内地大学就读航空专业。 新华社澳门9月29日电（记者齐菲、刘刚）"无尽探索：中国的航天、航空及航海"展览29日在澳门科学 馆开幕，激发澳门公众特别是青少年科技创新热情。 本次展览由澳门特区政府与国家航天局联合主办，重点展示新时代以来国家在航天、航空、船舶领域的 重点工程以及取得的丰硕成果，多项展品首次在澳亮相。亮点展品包括：嫦娥五号采回的月球正面样品 与嫦娥六号采回的人类首份月球背面样品，嫦娥六号返回舱及降落伞实物，歼-20、运-20、直-20等飞机 模型，山东舰航空母舰、"爱达·魔都号"大型邮轮、大型液化天然气（LNG）运输船等造船业皇冠上 的"三颗明珠"模型等。澳门专区展示了澳门在航天、航海领域的成果以及与内地合作的成就。 近年来，澳门积极参与"澳门科学一号"卫星研制，获"月球与行星科学全国重点实验室"授牌，举办丰富 科普活动等，科技创新发展活力涌动。 展览期间，航空发动机专家、中国工程院院士尹泽勇等6位专家还将开展系列科普讲座。展览将持续至 10月12日。（完） ...