其中，她建议加快推动中国养老金体系实现多元化的投资管理改革，鼓励和推动内地养老金投资香港市场。与 此同时，她建议借助独立第三方机构的专业力量，完善我国养老金现行监督管理制度。 鼓励和推动内地养老金投资香港市场 当前，中国人口老龄化趋势不断加深，基本养老金的可持续性面临挑战。 李慧琼认为，内地养老金的海外配置比例处于低位且有诸多限制，而香港作为国际金融中心，可提供丰富的资 产配置选择与风险对冲工具，为内地养老资金提供分散风险和受益增强的海外投资渠道。同时，沪深港通机制 过去十年来保持平稳运行，是两地跨境投资的重要力量。 因此，她建议加快推动中国养老金体系实现多元化的投资管理改革，打造内地养老金与香港国际金融中心之间 的跨境资金流动和投资配置的"安全通道"与"收益高地"，为内地社会保障体系的完善和高水平开放注入新动 能。 除此之外，李慧琼也关注到了养老金现行监督管理制度存在的问题。 随着我国养老金管理体系建立并持续完善，资金规模已居世界前列。然而，随着管理覆盖范围的扩大，"跑冒 滴漏"等违法行为时有发生。李慧琼认为，政府部门监督人员和手段相对较少、监督实效相对滞后，给养老金 监督管理工作带来了挑战。 对此，她建议 ...

Contract Awards - Gree Electric plans to increase its shareholding through Beijing Haihe Interconnection with an investment of between 1.05 billion to 2.1 billion yuan [1] - Topstrong plans to repurchase shares worth between 20 million to 35 million yuan [1] - Dongfang Zirconium's samples have received preliminary recognition from some solid-state battery material manufacturers for research and trial use [1] - Hongqi Chain is developing and innovating a robot unmanned vending system [1] - Jinyinhai recently entered into deep cooperation with Microvast in the solid-state battery field, with no significant impact on the company's performance in the short term [1] - Honghe Technology proposes a special cash dividend of 12.81 yuan per share [1] Shareholding Changes - Yueling Co.'s actual controller is set to change, and the stock will resume trading tomorrow [1] - Jiaozuo Wanfang's control is also set to change [1] - Yongji Co. plans to transfer part of its equity in Xiniu Wang Company [1] Operating Data - Aerospace Intelligent Manufacturing reported a net profit of 791 million yuan for 2024, an increase of 86.77% year-on-year [1] - Zhangyuan Tungsten reported a net profit of 177 million yuan for 2024, an increase of 23.25% year-on-year [1] - Guangdong Expressway A's net profit for 2024 decreased by 4.39% year-on-year, proposing a cash dividend of 5.23 yuan per share [1] - ST Hanma's heavy-duty truck sales in February reached 810 units, a year-on-year increase of 59.76% [1] - Jiangling Motors sold 21,600 vehicles in February, a year-on-year increase of 8.15% [1] - Dong'an Power's engine sales in February were 28,200 units, a year-on-year decrease of 5.16% [1] - Guangzhou Port's cargo throughput in February is expected to be 40.78 million tons, a year-on-year increase of 13.7% [1] - Far East Co.'s subsidiary won contracts worth over 19.09 billion yuan in February [1] - China Shipbuilding's subsidiary Jiangnan Shipyard signed a batch of dual-fuel container ship construction contracts worth approximately 18 billion to 19 billion yuan [1] - Tsinghua Unigroup signed a supply agreement for lithium battery cathode materials with SK On [1] - Fulongma is expected to win five sanitation service projects in February, with a total contract amount of 339 million yuan [1] - Terui De is expected to win a 194 million yuan new energy project [1] - Samsung Medical's wholly-owned subsidiary won a procurement project from Longyuan Power worth 115 million yuan [1] - Zhongcheng Co. is engaged in procurement business related to inverters and other equipment with related parties [1] Major Investments - Guodian Power is investing in the construction of the Dadu River Eagle Rock Level 1 Hydropower Station project [2] - Batian Co.'s subsidiary plans to invest in the expansion and upgrading of three related projects at the Xiaogaozhai Phosphate Mine [2] Other - Wancheng Group's chairman Wang Jiankun has been detained and is under investigation [2] - Yingjixin plans to acquire control of Huimang Micro, with trading suspended from tomorrow [2] - Hangyang Co. plans to issue convertible bonds not exceeding 1.63 billion yuan [2] - Solar Energy's subsidiary plans to purchase real estate for 367 million yuan [2] - GoerTek's subsidiary's H-share filing materials have been accepted by the China Securities Regulatory Commission [2] - Amway's "water-based solvent-free polyurethane composite material key technology" has been selected as one of the first batch of advanced applicable technologies by the Ministry of Industry and Information Technology [2] - Defang Nano's controlling subsidiary is increasing capital and introducing strategic investors [2] - Yuzhong Three Gorges A has terminated the sale of 10% equity in a small loan company [2] - Tianyu Co. received a warning letter from the FDA in the United States [2] - Haixing Power signed a strategic cooperation agreement with Kerun Zhikong to promote transformer products in overseas markets [2] - Bangjie Co.'s subsidiary Yangzhou Bangjie is temporarily suspending production for no more than three months [2] - Zhi Te New Materials signed a strategic cooperation agreement with Quantum Innovation Center and Microscopic Era [2] - Zhongjin Lingnan plans to raise no more than 1.5 billion yuan through a private placement to its controlling shareholder [2]

Core Viewpoint - The article discusses the sudden rise of DeepSeek and its potential impact on the development of AI models in the financial services industry, emphasizing the integration of leading market data and AI solutions to drive transformation in the financial sector [1]. Group 1: Event Details - The webinar will explore DeepSeek's core technological advantages and how financial institutions can leverage it to optimize investment decisions, risk management, and customer service [6]. - The event will address challenges related to data privacy, compliance, and security when applying DeepSeek [6]. - Participants will gain insights into the changes DeepSeek brings to the business models and competitive landscape of the financial information industry [6]. - The event is scheduled for March 6, 2025, at 15:30 Beijing time [6]. Group 2: Target Audience - The event is aimed at financial information industry professionals, including data analysts, product managers, and technical experts [6]. - It also targets decision-makers in financial institutions, such as investment managers, risk managers, and technology leaders [6]. - Founders and technical teams from fintech companies, as well as researchers and scholars interested in future trends in the financial information industry, are encouraged to attend [6]. Group 3: Expected Outcomes - Attendees will understand DeepSeek's technical architecture, advantages, and application scenarios in the financial information industry [6]. - The event will provide insights into technological trends and market opportunities in financial information processing [6]. - Practical advice on how to respond to technological changes will be shared, along with opportunities to interact with industry experts regarding DeepSeek's potential impact on financial information applications [6].

3月伊始，资本市场迎来首批上市ETF。 截至2月28日收盘，一共有11只新成立的ETF敲定上市日期，3月3日、4日和5日，分别有1只、1只、9只ETF陆 续登陆交易所，累计规模达到了170.22亿元。加上另外3只新成立但尚未确定上市日期的ETF，3月首批上市的 ETF将达到140只，累计规模达187.12亿元。包括14只基金在内，截至2月28日，2025年以来上市的ETF数量已 达到61只，累计入市规模突破400亿元。 和新上市ETF相呼应的是，存量ETF的成交额在持续上升，且资金结构在持续改善。从周维度看，行业股票 ETF从1月下旬开始实现净流入以来，连续5周延续净流入态势，净流入金额从最初的3.97亿元逐步回升，至今 已突破50亿元。无论是机器人ETF、创新药ETF还是芯片ETF，ETF的净流入均向了当前市场最关心的科技行 情。 上市ETF有两大来源 根据同花顺iFinD统计，3月首批上市的14只ETF，均在上周（2月24日至2月28日）内成立。具体来看，14只 ETF主要有以下几类来源： 一是跟踪上证科创板综合指数的科创综指ETF。这类ETF是本次14只产品中的主要品种，数量达到了11只，来 自南方、博 ...

Investment Rating - The report maintains a rating of "Buy" for several companies in the automotive sector, including XPeng Motors, Li Auto, BYD, SAIC Motor, Great Wall Motors, and Leap Motor [10]. Core Viewpoints - The report emphasizes that by 2025, advanced intelligent driving (high-level AD) will see improved user experience and reduced prices, transitioning from a trial phase to widespread adoption among consumers [14][20]. - The penetration rates for L2.5 and L2.9 intelligent driving are projected to reach 3.5% and 10.1% respectively by November 2024, with expectations of further growth to 16% for highway NOA and 14% for urban NOA by 2025 [14][24]. - The report highlights the shift towards end-to-end architecture in intelligent driving systems, which allows for higher performance limits and seamless data transmission, enhancing the overall driving experience [30][31]. Summary by Sections Investment Recommendations - The report suggests focusing on companies with strong engineering capabilities and advantages in data, computing power, and funding, such as XPeng Motors, Li Auto, and BYD, as well as third-party suppliers like Desay SV and Kobot [5][10]. Market Trends - The report notes that the intelligent driving market is evolving, with a focus on enhancing user experience through features like "human-like" driving capabilities and the implementation of end-to-end architectures [14][20]. - The price of high-level intelligent driving systems is expected to decrease significantly, with current models priced below 100,000 and 150,000 yuan for highway and urban NOA respectively [24][28]. Technological Developments - The report discusses the advancements in end-to-end architecture, which is gaining traction among automotive manufacturers, allowing for improved data processing and decision-making capabilities [30][31]. - It also mentions the importance of AI-driven models and the need for automotive companies to adapt their organizational structures to support these technological shifts [15][41]. Competitive Landscape - The report outlines the competitive dynamics among leading automotive companies, highlighting their respective advancements in intelligent driving technologies and the rapid iteration of their systems [41][45]. - Companies like Tesla, Li Auto, and XPeng Motors are noted for their significant investments in R&D and their ability to push updates and improvements quickly [42][46].

证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 近日，一考生在社交平台反映称，其报考上海大学上海美术学院，艺术理论科目成绩仅为10分，消息 引发热议 。 3月1日晚间，上海大学研究生院发布情况声明称，研究生阅卷工作不存在换卷、压分等情况。网友反映的 艺术理论考试成绩复核，完全按照流程认真复核，没有发现漏批、加分错、登分错，各题均有批卷老师批 改痕迹。 来源： 上海大学研究生院 责编：李丹 校对： 祝甜婷 版权声明 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 首辆交付！雷军：小米SU7 Ultra订单远超预期，将讨论提产 丨 突发！潞晨科技宣布将暂停 DeepSeek API服务，时间在一周后 丨 法国突发！标普下调 丨 深圳，重大发布！事关前海→ 丨 DeepSeek首次披露：理论成本利润率545%！ 丨 反击网络谣言！尊界报案！ 丨 爆了！深圳楼市， 同比翻倍！ 丨 重要信号！刚刚 ...

以下文章来源于36氪Pro ，作者海若镜 36氪Pro . 36氪旗下官方账号。深度、前瞻，为1%的人捕捉商业先机。 2024年核心业务总合同订单数千万。 文 ｜ 海若镜 来源｜ 36氪Pro（ID：krkrpro） 封面来源 ｜ Pixabay 36氪获悉，数字化临床研究企业"新视焰"完成数千万元A+轮融资，由浙江省"4+1"生物医药与高端器械产业基金、夏尔巴投 资、红杉中国种子基金等共同投资。 本轮融资将用于继续拓展医院，加速DeepSeek在临床试验行业的应用落地。 新视焰成立于2020年，以数字化技术提升药物研发临床试验的效率，特别是在"远程监查"、"受试者费用发放"环节，为申办方 （药企、CRO等）和医院提供数字化工具，解决数据记录、追踪和监查的痛点。36氪曾跟踪报道其融资进程。 "比如南方一家三甲医院，我们已经帮他们扫描了130万页报告，这还只是那边历年来结题报告的1/4，全部完成大约有五六百万 页材料。"金杰飞介绍道。对于AI而言，可连接的数据越多、越连贯，训练出的结果可能越准确。 为CRA提供"数据地图"这一功能，也得到了申办方的欢迎。因为CRA在监查数据过程中，要面临多家医院的信息化系统，一 ...

Investment Rating - The report maintains an "Outperform" rating for major companies in the Hong Kong market, including Alibaba, Tencent, Xiaomi, Baidu, SMIC, ZTE, Lenovo, AAC, BYD Electronics, and Sunny Optical [5][14]. Core Insights - The Hong Kong stock market has entered a technical bull market, with the Hang Seng Index rising by 25.6% and the Hang Seng Tech Index soaring by 37.5% since January 13, 2025, driven by the DeepSeek theme [1][7]. - The current market rally is characterized by a structural shift, with the technology sector leading the gains while traditional sectors lag behind [1][19]. - The report raises the target price for the Hang Seng Index to 25,000 points and the Hang Seng Tech Index to 6,300 points, indicating a long-term upward potential for the market [3][12]. Market Dynamics - The rally is primarily driven by trading-oriented funds, with significant profit-taking pressure expected as the market enters overbought territory [2][8]. - International long-only funds are reassessing the investment value of the Chinese market, potentially shifting their view from "tradable" to "investable" [9][52]. - The upcoming "Two Sessions" in March may not meet high expectations for substantial stimulus, leading to a focus on deeper reform policies instead [3][41]. Sector Performance - The technology sector has shown strong performance, with 57% of the Hang Seng Tech Index constituents reaching new highs, compared to 31% of the Hang Seng Index constituents [19][20]. - The report highlights the importance of new quality productive forces and AI-driven innovations as key drivers for the technology sector's growth [53][44]. Investment Opportunities - The report identifies specific companies as preferred picks under the DeepSeek theme, including Alibaba, Tencent, Xiaomi, Baidu, SMIC, ZTE, Lenovo, AAC, BYD Electronics, and Sunny Optical, all rated as "Outperform" [5][14]. - The potential for a resurgence in the IPO market is noted, with expectations for increased liquidity and capital inflow into the Hong Kong market [49][50].

Group 1 - The company PropNotes specializes in identifying high-yield investment opportunities for individual investors [1] - PropNotes leverages a background in professional Prop Trading to simplify complex investment concepts and provide actionable advice [1] - The analysis produced by PropNotes aims to assist investors in making informed market decisions, supported by expert research [1] Group 2 - The article does not provide any specific company or industry performance data or insights [2][3]

偶倒 0680 2025 年第 27 期，总第 1826 期（电子版） 2025 年 2 月 18 日 星期二 （本刊物为中风险等级产品，敬请投资者参阅正文后的免责声明） 一、市场分析 分化不改变震荡上行趋势 | | 沪深指数 | | | --- | --- | --- | | | 收盘(点) | 涨跌幅(%) | | 上证指数 | 3355.83 | 0.27 | | 深证成指 | 10791.06 | 0.39 | | 中小 100 | 6690.81 | 0.07 | | 创业板指 | 2226.62 | 0.51 | | 沪深 300 | 3947.4 | 0.21 | | | 海外市场指数 | | | | 收盘(点) | 涨跌幅(%) | | 道琼斯 | 44546.08 | -0.37 | | 纳斯达克 | 20026.77 | 0.41 | | 标普 500 | 6114.63 | -0.01 | | 英国富时 100 | 8768.01 | 0.41 | | 日经 225 | 39166.12 | -0.02 | | 恒生指数 | 22616.23 | -0.02 | | | 货币市场 | | ...