打造特色鲜明的广东科技金融品牌 会议指出，广东具备坚实的产业基础和科技创新优势，为科技金融发展提供了广阔空间，对提升科技金 融适配性提出了更高要求，也为科技金融发展带来了新的机遇。广东金融业要切实提高政治站位，强化 责任感、紧迫感、使命感，把服务高水平科技自立自强放在金融服务实体经济的优先位置，持续推动科 技金融服务提档升级，为大湾区培育壮大国家战略科技力量、强化科技创新策源功能、打造经济发展强 劲增长极作出应有贡献。 广东科技支行建设迈入新阶段。 8月1日，南都湾财社记者获悉，为深入贯彻落实党中央、国务院关于做好科技金融的决策部署，落实落 细七部委《加快构建科技金融体制 有力支撑高水平科技自力自强的若干政策举措》，广东金融监管局 在深入调研、充分论证、广泛借鉴的基础上，以监管所能回应市场所需，制定出台了关于全面加强科技 支行建设的专项通知，于7月24日组织召开粤港澳大湾区科技支行建设动员大会，以做专、做优、做强 一批产品特色化、制度差异化、管理体系化、服务多元化的科技支行为着力点，以点带面，推动广东科 技金融服务实现"量"与"质"的全面提升。 二是着力提升科技金融服务精准性和匹配性，构建更加贴合科技企业全生 ...

Market Overview - The market experienced a consolidation phase this week (July 28 - August 1, 2025), with fundamental factors continuing to exert pressure, yet providing space for a stronger rebound in the future [1] - A significant increase in trading volume was noted, with total transactions exceeding 9 trillion yuan and an average daily turnover of over 1.8 trillion yuan [1] - Major A-share indices showed an overall decline, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index falling by 0.93%, 1.58%, and 0.74% respectively [1] ETF Performance - Growth sectors performed well, particularly in communications, pharmaceuticals, and electronics, driven by favorable export conditions and positive Q2 earnings reports [1][2] - The average decline for all market ETFs was -1.17%, while bond ETFs showed resilience, increasing by 0.13% [1] - Top-performing ETFs included Communication ETF (515880) with a rise of 5.64%, and Innovation Drug ETF (517120) with a 4.56% increase, benefiting from the World Artificial Intelligence Conference and favorable pharmaceutical export news [2] Sector Analysis - The construction-related ETFs experienced a pullback after previous strong performance, with sectors like coal, non-ferrous metals, and construction decoration showing signs of volatility [4] - Analysts noted that the current low price-to-book ratios in sectors such as transportation, construction decoration, and coal indicate potential for valuation recovery, supported by significant infrastructure investment planned for the second half of the year [6] Fund Flow Trends - After three consecutive weeks of net inflows, the ETF market saw a cooling period with a net outflow of 2.932 billion yuan, although market activity remained high [7] - Cross-border ETFs stood out with an inflow of 23.24 billion yuan, while bond and commodity ETFs also attracted varying degrees of inflow [7][9] Upcoming ETF Listings - Four new ETFs are set to launch next week, including the Huatai-PineBridge CSI Hong Kong-Shanghai-Shenzhen Cloud Computing Industry ETF, which aims to track cloud computing service companies [12] - The new ETFs reflect the growing importance of cloud computing in the AI era, as highlighted in the recent Cloud Computing Blue Book [12]

华夏时报记者黄敏璇胡梦然深圳报道 深圳低空经济再出重磅方案，这次着眼于低空基建。 7月31日，深圳市发改委正式发布《深圳市低空基础设施高质量建设方案(2024—2026年)》(下称《方 案》)。《方案》提到深圳将全力打造"全球低空经济第一城"。到2026年底，全市低空经济产值规模突 破1300亿元，建成低空起降点1200个以上，开通载人、载货飞行等各类低空商业航线1000条以上。 今年政府工作报告提到，要推动低空经济等新兴产业"安全健康发展"。低空基建正是保障飞行器安全飞 行的前提和关键。记者注意到，该《方案》也是目前国内首个专门聚焦低空基建的规划方案。 "深圳建设低空基建具有基础优势，一方面产业集聚效应提供了技术支撑和市场验证场景；另一方面深 圳作为国家首批通用航空产业综合示范区，在低空空域开放等方面进行大量探索，为低空基建扫除了政 策障碍。深圳高密度城区与立体交通需求并存，也使得无人机配送、城市空中交通等场景具有天然的落 地空间。"国研新经济研究院创始院长、湾区低空经济研究院院长朱克力接受《华夏时报》记者采访时 表示。 建成超1200个起降点 起降点建设是本次规划的重点之一。 朱克力表示，未来要提升起降点 ...

上个月，有一条公示消息很小很不起眼，却让一些人激动起来。 6月5日，河北省阜平县官方公众号，发布了《河北省阜平通用机场社会稳定风险分析调查公示》。 当地人很惊讶，也很惊喜。 这是一个深藏在太行山里的、河北西部的小县城，革命老区，常住人口不到20万，地区生产总值坐在河北全省的后排，税收收入甚至在省内倒数后10行 列。 这样一个小城，为什么要修机场？ 是不是又是一个"不顾实际"的面子工程？什么是"通用机场"？ 事实上，国家在下一盘大棋，不夸张地讲，中国正在进行一场"毛细血管革命"。 这个看似不起眼的县城小机场，背后正在构建的是一张覆盖全国的低空交通网络，这将重新定义中国经济地理。 01 10亿人的机会 其实，不只是太行山东侧的河北省。 山西运城的芮城县，同样是个小城。 2023年6月9日，一架架小型飞机缓缓降落在芮城新南张机场的跑道上，小机场正式通航。 机场不大，占地才848.78亩，民用机坪设35个停机位（含5个直升机位），跑道长1200米、宽23米，实在是很袖珍，但对于这个黄河岸边的小县城来说， 意义非凡。 从谋划到通航，芮城只用了三年，总投资3.5亿元，创造了令人惊叹的"芮城速度"。 去年4月21日，中国民 ...

Group 1 - The report highlights a rebound in prices with structural differentiation in the domestic market, as indicated by the July PMI data, where the manufacturing PMI slightly decreased to 49.3% from 49.7%, and the non-manufacturing PMI fell to 50.1% from 50.5% [5][6] - The report notes that the July PMI reflects the impact of trade easing and seasonal factors, with a significant characteristic being the rise in upstream prices and a counter-trend increase in high-energy-consuming industries' PMI, suggesting effects from the "anti-involution" initiative [5][6] - The manufacturing PMI's slight decline is attributed to the seasonal downturn and the impact of tariff easing, with the new orders index dropping to 49.4% and the new export orders index at 47.1%, indicating weakening demand [6][7] Group 2 - The report discusses the July FOMC meeting, where the Federal Reserve maintained the benchmark interest rate at 4.25%-4.50%, reflecting internal divisions among officials regarding the employment market, with some expressing concerns over its cooling [11][12] - The FOMC statement indicated heightened uncertainty in economic prospects, with a shift from describing economic growth as "solid" to "moderated," highlighting concerns over consumer spending's impact on growth [12][13] - The report emphasizes the importance of upcoming non-farm employment data in guiding market expectations, as the employment market is nearing pre-pandemic levels, with the ratio of job vacancies to unemployment at 1.39 in June 2025 [13][14] Group 3 - The report analyzes the U.S. GDP data for Q2 2025, which showed a strong performance with a 3.0% annualized growth rate, driven by personal consumption and trade, while private investment turned negative [16][17] - The net export contribution to GDP improved due to a significant drop in imports, while exports were negatively impacted by trade protection policies, leading to a decline in export growth [17][18] - Personal consumption rebounded in Q2, with a growth rate of 1.4%, supported by improved consumer confidence and a shift towards "passive de-inventory" in the goods market [18][19] Group 4 - The report includes key economic news, such as the State Council's meeting on July 31, emphasizing the importance of enhancing macro policy effectiveness and stimulating economic growth through various measures [22][23] - The National Development and Reform Commission's meeting highlighted the need to stabilize employment and market expectations while promoting domestic and international dual circulation [24][25] - The Bank of Japan maintained its benchmark interest rate at 0.5% and raised its core CPI forecasts for the fiscal years 2025-2027, indicating a cautious outlook on inflation [28]

38度太阳直照的下午，广州成至智能机器科技有限公司研发林区，无人机在"飞手"操作下快速平稳抵达 指定空中坐标。"砰"的一声，烟雾弹精准落于正下方空地，彩色烟雾扩散开来。 像这样用于应急救援的无人机只是低空经济应用场景的冰山一角。作为新质生产力的代表之一，低空经 济将成万亿级产业新赛道，各地加紧布局基础设施与场景创新，推动低空交通、物流、应急等应用落 地。 广州"12218"现代化产业体系中，低空经济是重要发力点。其中，天河区展现出强劲势头：集聚50余家 产业链企业，2024年营收超50亿元，两家企业（极飞科技、南方测绘）去年全市低空经济营收前三，相 关专利数量占全市50%以上，居全市第一。 在天河，既有亿航智能、极飞科技等龙头企业引领，也分布着广州南方测绘科技股份有限公司、大道科 技（广州）有限公司、广州合利创兴智能科技有限公司、成至智能等专精企业，逐渐形成低空经济 的"雁阵队形"。近日，南方财经记者随调研团深入一线，实地探访这股方兴未艾的产业力量。 厚积薄发，差异化发展 从物流到测绘，从应急救援到自然资源，天河区的不同企业正发挥着各自的优势，共同描绘出低空经济 蓬勃发展的火热图景。 天河区发展改革局相关负责 ...

Core Viewpoint - The defense and military sector is experiencing a decline, with the ETF (512810) dropping by 2% and ground equipment stocks leading the fall, indicating a potential buying opportunity as funds show strong interest in the sector despite the downturn [1][3]. Group 1: Market Performance - On August 1, the defense and military ETF (512810) saw a trading volume of nearly 92 million yuan, surpassing the previous day's total [1]. - The ETF has experienced a net subscription of nearly 100 million yuan over the past four trading days, reflecting investor confidence in the current allocation timing for the sector [1]. Group 2: Reasons for Adjustment - The recent three-day adjustment in the defense and military sector is attributed to several factors, including the Shanghai Composite Index falling below the critical support level of 3600 points, causing panic among investors [3]. - The sector had seen a continuous rise from May to July, with the ETF reaching its highest price since last year's peak, leading to profit-taking as market risk appetite decreased [3]. - The approach of the "August 1" date led to speculative investments based on anticipated policy or event catalysts, but the lack of significant positive developments resulted in profit-taking behavior [3]. Group 3: Future Outlook - According to Zhonghang Securities, the defense and military sector is currently in a state with significant upward potential and a solid bottom, suggesting that while there may be volatility in certain sub-sectors and stocks, the likelihood of a structural deep adjustment is relatively low [3]. Group 4: Investment Accessibility - The defense and military ETF underwent a share split in June, reducing the investment threshold by half, allowing investors to access core assets in the sector for less than 70 yuan [4].

Group 1 - The defense and military sector is experiencing a decline, with the ETF (512810) dropping by 2% and related stocks like North Navigation and Construction Industry falling over 6% [1] - Despite the downturn, there is strong buying interest as evidenced by a significant increase in trading volume, with nearly 92 million yuan traded, surpassing the previous day's total [1] - In the past four trading days, the defense military ETF has seen a net subscription of nearly 100 million yuan, indicating positive sentiment towards the sector [1] Group 2 - Analysts attribute the recent three-day decline in the defense and military sector to several factors, including the Shanghai Composite Index breaking the critical support level of 3600 points, causing panic among investors [2] - The defense and military sector had seen continuous growth from May to July, with the ETF reaching its highest price since last year's peak, leading to profit-taking as market risk appetite decreased [3] - The approach of August 1st led to speculative investments in anticipation of policy or event catalysts, but the lack of significant positive developments resulted in profit-taking behavior [4] Group 3 - The defense military ETF (512810) covers a wide range of themes, including commercial aerospace, low-altitude economy, large aircraft, deep-sea technology, military AI, and controllable nuclear fusion, making it a diversified investment option [5] - In June, the ETF underwent a share split, reducing the investment threshold by half, allowing investors to access core defense military assets for less than 70 yuan [6]

城市竞争，不进则退。 一个主导产业的兴衰，一场地缘局势的波动，一次国家战略的调整，都足以产生深远影响。 面对关税战、产业革命、内循环等大变局，哪些城市稳中有进，哪些城市掉队了？ 一、TOP50城市GDP，谁进谁退？ 这是2025年上半年主要城市GDP数据： | | 地区 | 2025H1 | | 2024H1 增量（含五普）名义增速 | | 实际增速 | 2024GDP | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 上海 | 26222 | 22346 | 3876 | 17.3% | 5.1% | 53927 | | 2 | 北京 | 25029 | 21791 | 3238 | 14.9% | 5.5% | 49843 | | ਤੇ | 深圳 | 18322 | 17302 | 1020 | 5.9% | 5.1% | 36802 | | 4 | 国天 | 15930 | 15138 | 791 | 5.2% | 5.0% | 32193 | | 5 | 广州 | 15081 | 14298 | 783 | 5.5% | 3.8% | ...

Core Viewpoint - The article discusses the recent policies introduced by the Guangzhou Development Zone (Huangpu District) aimed at enhancing financial services to support high-quality development of the real economy and technological innovation, with a focus on flexible investment mechanisms and risk tolerance [1][3]. Group 1: Policy Measures - The newly introduced measures include a total of 50 billion yuan for a technology innovation and entrepreneurship investment mother fund, which will leverage social capital to focus on strategic emerging industries [3]. - The policy framework consists of a "12345" modern financial investment service system, which includes one policy system, two major cultivation projects, three service mechanisms, four service carriers, and five activity brands [1]. - The risk tolerance mechanism allows for significant losses in seed and angel investments, with up to 100% loss permitted for individual projects, marking a shift in the approach of state-owned funds [3][4]. Group 2: Financial Support and Investment - The new policies provide substantial financial support for licensed financial institutions and venture capital firms, with incentives up to 2 million yuan for headquarters and 100,000 yuan for investments in early-stage technology companies [8]. - The Guangzhou Development Zone has over 900 venture capital institutions with a total scale exceeding 270 billion yuan, indicating a robust investment landscape [8]. - Knowledge property rights are emphasized as a key focus area, with policies encouraging companies to use intellectual property as collateral for financing, thus addressing funding challenges for startups [9][11]. Group 3: Economic Impact - The Huangpu District has seen significant growth in its industrial output, with the automotive industry generating 62.36 billion yuan in value, reflecting an 8.7% increase, and the integrated circuit industry growing by 17.1% [13]. - The district's GDP reached 206.91 billion yuan, with a year-on-year growth of 4.0%, surpassing the city's growth rate of 3.8% [13].