Core Viewpoint - Shanxi Securities is actively implementing the "Five Major Articles" strategy to enhance its service to the local economy, focusing on innovation and financial support for traditional industries and technology-driven enterprises [1][2]. Group 1: Organizational Structure and Strategy - Shanxi Securities has developed a three-year action plan regarding the "Five Major Articles," which includes top-level design and deep integration of business operations [2]. - A dedicated task force led by the chairman has been established to oversee the implementation of the strategy, ensuring comprehensive coordination of major decisions and resource allocation [4]. - The company has formed five major business committees and a technology governance committee to integrate the "Five Major Articles" requirements into daily operations, enhancing cross-departmental collaboration [4]. Group 2: Focus on Technology Finance - Technology finance is identified as a core area in the three-year action plan, with a comprehensive financial service matrix covering the entire lifecycle of technology enterprises [6]. - Shanxi Securities has established specialized teams in high-end manufacturing, healthcare, and renewable energy sectors to support technology enterprises, particularly those in critical technology fields [6][7]. - The company has implemented a collaborative model of "industrial investment banking + patient capital" to support early-stage enterprises with significant R&D investments, some exceeding 15% of their revenue [7]. Group 3: Green Finance Initiatives - Shanxi Securities is prioritizing green finance to support the dual carbon goals, creating a three-pronged service system that includes product innovation, full lifecycle services, and ecological collaboration [9][10]. - The company has developed innovative green financial products, such as the low-carbon transition-linked corporate bond for Yangcheng Guotou, which set a historical low interest rate for similar-rated bonds in Shanxi [9][10]. - Shanxi Securities has underwritten nearly 10 billion yuan in various green bonds, establishing a strong position in the green finance sector [10].

Core Viewpoint - Shanxi Securities is actively implementing the "Five Major Articles" strategy to support local economic development through a detailed three-year action plan aimed at transforming traditional industries and fostering new technological momentum [1][2]. Group 1: Organizational Structure and Strategy - Shanxi Securities has established a dedicated task force led by the chairman to efficiently advance the "Five Major Articles" strategy, involving senior executives and business department heads [2]. - The company has created a comprehensive three-year action plan (2025-2027) with 58 specific tasks, aiming to enhance financial services for technology enterprises and develop a diverse range of financial products [2][3]. Group 2: Focus on Technology Finance - Technology finance is identified as a core area in the three-year action plan, with a full lifecycle financial service matrix covering the needs of technology enterprises from startup to expansion [3]. - Shanxi Securities has a significant focus on early-stage companies, particularly in critical technology sectors, with some companies achieving breakthroughs in high-end manufacturing, healthcare, and new energy [3]. Group 3: Cross-Departmental Collaboration - The company has developed an integrated service mechanism for "New Third Board Listing + Beijing Stock Exchange IPO" and is enhancing cross-border financial services through collaboration with its Hong Kong subsidiary and Deutsche Bank [4]. - Shanxi Securities has established a working group to support the local economy, focusing on key industries and investment projects within Shanxi province [4]. Group 4: Green Finance Initiatives - Shanxi Securities and its subsidiary, Zhongde Securities, are prioritizing green finance as a key pathway to support the dual carbon goals, developing a comprehensive green finance service system [5][6]. - The company has successfully launched innovative green financial products, including the first low-carbon transition-linked corporate bond for an AA-rated enterprise in Shanxi, achieving a record low interest rate for similar bonds [6]. Group 5: Research and Development - Shanxi Securities has been publishing the "Carbon Neutrality Research Report Collection" for four consecutive years, providing intellectual support for achieving carbon neutrality goals in Shanxi and nationwide [7].

9月18日，国新办举行"高质量完成'十四五'规划"系列主题新闻发布会，介绍"十四五"时期科技创新发展成就。 科技部部长阴和俊介绍，这五年，我国企业创新能力显著增强。企业研发投入占比超过77%；2024年，524家中 国大陆企业进入全球工业研发投入2000强，占上榜企业比重为26.2%，较2020年增加4.8个百分点；高新技术企 业超过50万家，较2020年增加83%。 现在距离实现建成科技强国目标只有10年时间，未来五年是十分关键的攻坚期。下一步，如何落实企业科技创 新主体地位？ 发布会上，科技部从科技成果转化、科技金融支持、科技基础设施开放等方面给出了具体举措。 不断深化产学研合作 这五年，我国科技领军企业加快培育成长，高新技术产业规模不断壮大。 阴和俊介绍，规上高技术制造业增加值较"十三五"末增长42%；"三新"经济增加值占GDP的比重达18%；人工智 能、生物科技等前沿领域正在形成新的经济增长点。 科技创新和产业创新是发展新质生产力的基本路径。在传统产业，我国"灯塔工厂"数量全球第一，占比超 40%；在新兴产业，全国新能源汽车累计销售突破4000万辆，产销量连续10年保持全球第一；在未来产业，国 内涌现 ...

Group 1 - The People's Bank of China, along with several local government agencies, has established the "Zhongguancun Technology and Finance Hub" financing docking mechanism to support technology-driven enterprises and key industries [1][3] - As of August 2025, the initiative has held 11 sessions, successfully connecting over 80 enterprises with a financing success rate exceeding 70%, resulting in a total credit of 17.8 billion yuan and loan disbursements of 9.15 billion yuan [1] - The focus areas include artificial intelligence, commercial aerospace, biopharmaceuticals, and robotics, with over half of the loan recipients still in the R&D phase and not yet generating significant revenue [1] Group 2 - The financing challenges are particularly pronounced for early-stage technology SMEs, necessitating increased support for these enterprises [2] - In 2024, Beijing saw the establishment of over 300 new technology enterprises daily, particularly in emerging fields such as AI, robotics, quantum technology, and biomedicine, which are characterized by high risk and growth potential [2] - The city has established eight government investment funds targeting key technology firms, adhering to the principle of "early, small, and hard technology" investments [2] Group 3 - The development of "loan + external direct investment" business models is seen as a viable solution to the financing difficulties faced by technology SMEs [3] - A comprehensive evaluation mechanism has been established to assess the effectiveness of financial services provided to technology innovation, involving banks, securities, insurance, and fund companies [3] - The Beijing government has set up a fund to promote deep integration of technology and finance, incentivizing banks that provide substantial loan support to invested enterprises with up to 5 million yuan in funding [3]

Core Viewpoint - The Chinese government has made significant advancements in technology innovation during the "14th Five-Year Plan" period, enhancing the country's technological capabilities and fostering a robust innovation ecosystem that benefits the public and supports economic growth [1][2]. Investment in R&D - Total R&D investment in China is projected to exceed 3.6 trillion yuan in 2024, representing a 48% increase from 2020 [2] - R&D intensity is expected to reach 2.68%, surpassing the average level of EU countries [2] - The number of R&D personnel in China is the highest in the world [2] - Basic research funding is set to reach 249.7 billion yuan in 2024, a growth of over 70% since 2020 [2] - China has maintained the highest number of high-level international journal papers and international patent applications for five consecutive years [2] Emerging Industries Development - China is accelerating the transformation of traditional industries towards high-end, intelligent, and green technologies [3] - Major breakthroughs in new generation information technology and renewable energy have been achieved, with approximately 4.6 million 5G base stations established [3] - The cumulative sales of new energy vehicles have surpassed 40 million, maintaining the world's highest production and sales for ten consecutive years [3] Advanced Technology Layout - China is proactively developing frontier technologies such as artificial intelligence and brain-computer interfaces [4] - Several domestic general models in AI have reached international advanced levels, with some achieving over 95% accuracy [4] - Breakthroughs in humanoid robot technology and brain-computer interface applications have been made, benefiting patients with disabilities [4] Technology Transfer and Innovation - In 2024, 524 Chinese companies entered the global top 2000 in industrial R&D investment, an increase of 4.8 percentage points since 2020 [5] - The total value of technology contracts in China is expected to reach 6.8 trillion yuan in 2024, with continuous double-digit growth [5] - The establishment of a technology transfer system is being promoted, with numerous platforms and institutions supporting technology commercialization [6] Technology Finance System - Since 2021, 376 companies have been listed on the Sci-Tech Innovation Board, raising over 600 billion yuan [7] - A series of policies have been introduced to support the development of a technology finance system, aiming to mobilize nearly 1 trillion yuan in local and social capital [7][8] - The loan balance for technology-based SMEs reached 3.46 trillion yuan by mid-2023, with a year-on-year growth of 22.9% [7] Future Outlook - The next five years are deemed critical for achieving the goal of becoming a technology powerhouse, with a focus on original and leading technological breakthroughs [9] - The government plans to enhance the integration of technology and industry, promote large-scale applications of new technologies, and cultivate top-tier talent [9]

二是推动银行信贷更大力度支持科技创新。"科技创新和技术改造再贷款规模增加到了8000亿，再贷款 利率降低至1.5%，支持的范围更大、贷款的利率更低。联动实施'创新积分制'和科技创新专项担保计 划，累计向21家银行推荐了超过17万家科技型中小企业，签订贷款合同超2900亿元，企业融资的获得感 显著提升。推动国家开发银行设立3000亿元的'重大科技创新和基础研究专项贷款'，加强对国家重大科 技任务的金融支持。"邱勇表示，在中央政策的引导下，截至6月底，科技型中小企业贷款余额达到3.46 万亿元，同比增长22.9%，增速比其他各类贷款增速高16%。 邱勇介绍，围绕上述政策的实施和落地，主要开展了四方面工作。 一是引导创业投资"投早、投小、投长期、投硬科技"。邱勇介绍，一方面，加快组建国家创业投资引导 基金，预计将带动地方资金、社会资本近1万亿元。另一方面，加速布局了一批金融资产投资公司 （AIC）基金，签约金额突破3800亿元。此外，联合社保基金会、大型银行和地方政府，推动设立科技 产业融合基金、科创协同母基金、创投二级市场基金等，规模将超3500亿元，为创业投资"引流""疏 堵"。 "三是提升资本市场服务科技创新 ...

本报讯(记者郭冀川)9月18日，国务院新闻办公室举行"高质量完成'十四五'规划"系列主题新闻发布会， 科技部部长阴和俊在介绍"十四五"时期科技创新发展成就时表示，这五年，科技创新能力稳步提升，科 技强国根基不断夯实。 阴和俊列举了多项数据，如科技投入持续增加，2024年全社会研发投入超3.6万亿元，较2020年增长 48%；研发投入强度达到2.68%，超过欧盟国家平均水平；研发人员总量世界第一。基础研究水平进一 步提升，基础研究经费达2497亿元，较2020年增长超过70%，在量子科技、生命科学、物质科学、空间 科学等领域取得一批重大原创性成果，高水平国际期刊论文数量和国际专利申请量连续五年世界第一。 阴和俊表示，这五年，科技体制改革持续深化，创新创造活力充分释放。科技金融体制进一步健全，推 出科技金融政策"组合拳"，各部门各地方积极行动、加快落实，2021年以来，科创板首发上市376家企 业，首发募资超6000亿元，2025年科技创新和技术改造再贷款达到8000亿元。 三是提升资本市场服务科技创新的能力。健全资本市场"绿色通道"机制，为突破关键核心技术的科技领 军企业上市融资、并购重组、债券发行等提供便利； ...

Core Viewpoint - The article highlights the launch of a series of high-quality development activities for public funds in Beijing, emphasizing the importance of the "Five Major Articles" in guiding financial institutions to support national strategies and the real economy [1][3]. Group 1: Five Major Articles - The "Five Major Articles" include technology finance, green finance, inclusive finance, pension finance, and digital finance, which provide a clear direction for financial institutions to leverage their advantages [3]. - Technology finance is prioritized, aiming to provide comprehensive financial services for technological innovation and tech enterprises, thereby promoting the development of new productive forces [3]. - The importance of green finance is increasingly recognized in the context of sustainable development, with the company actively developing products focused on green and low-carbon initiatives [3][4]. Group 2: Product Development and Services - The company has diversified its product line to meet various investor needs, including active equity funds, bond funds, and index funds, thereby playing a significant role in inclusive finance [5]. - In response to the aging population, the company has launched pension-targeted funds and educational initiatives to enhance awareness of pension planning among investors [6]. Group 3: Digital Transformation and Security - The company is actively engaging in digital transformation by enhancing its information technology infrastructure and ensuring network security, which is crucial for improving service quality [7]. - The ongoing efforts to strengthen core capabilities will enable the company to better serve national strategies and meet investor financial needs [7].

Core Insights - The event on September 17 marked the launch of two innovative financial products, "Angel Loan" and "Park Guarantee," aimed at enhancing the financial support system for technology enterprises in Dongguan's Songshan Lake area [1][3] - The initiative is supported by multiple provincial and municipal units, focusing on the collaboration between government and market to channel financial resources into technology innovation [1] Financial Products Overview - "Angel Loan" offers up to 1 million yuan, specifically designed for seed and early-stage technology companies to address their initial loan challenges [3] - "Park Guarantee" provides loans up to 10 million yuan, targeting growth and mature enterprises, facilitating their scaling through a multi-party risk-sharing mechanism [3] - The new products build on the success of the first phase product "Rating Loan," which served 174 companies and disbursed nearly 200 million yuan over 11 months [5] Service Mechanism Innovation - The establishment of the "Gap Intervention Mechanism" service station signifies a shift towards frontline service for technology financial support [6] - This service model integrates various financial entities, including banks and insurance, to create a comprehensive financial service ecosystem covering the entire lifecycle of enterprises [6][10] - The goal is to break down institutional barriers and ensure financial resources are directed precisely to the developmental gaps of technology enterprises [8] Collaborative Efforts and Future Plans - A collaborative agreement was signed between the Songshan Lake Management Committee, Guangdong Financing Re-guarantee Co., and ten partner banks to promote the new financial products [8] - As of July, Dongguan's technology loan balance exceeded 416 billion yuan, with a year-on-year growth of 43.7% for loans to small and medium-sized technology enterprises [8] - The first batch of "Equity-Debt-Guarantee-Lease" service teams was established to enhance financing connections and respond to urgent enterprise needs [10][11] Financial Knowledge Dissemination - The launch of the Dongguan Financial "Five Major Articles" platform aims to improve the accessibility of financial services and knowledge, focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance [11] - This platform will serve as a core vehicle for policy dissemination and resource integration in Dongguan's financial landscape [11]

期货日报网讯(记者杨美见习记者肖佳煊)9月18日，国新办举行"高质量完成'十四五'规划"系列主题新闻 发布会，介绍"十四五"时期科技创新发展成就。科技部部长阴和俊在会上表示，"十四五"是我国科技事 业发展历程中具有里程碑意义的五年。在党中央坚强领导下，在全社会共同努力下，我国科技事业取得 历史性成就，发生历史性变革。 据阴和俊介绍，这五年，我国科技投入持续增加，2024年全社会研发投入超3.6万亿元，较2020年增长 48%；研发投入强度达到2.68%，超过欧盟国家平均水平；研发人员总量世界第一。国家综合创新能力 排名由2020年的第14位提升至2024年的第10位。 企业创新能力显著增强，企业研发投入占比超过77%；2024年，524家中国大陆企业进入全球工业研发 投入2000强，占上榜企业比重为26.2%，较2020年增加4.8个百分点；高新技术企业超过50万家，较2020 年增加83%。 科技金融体制进一步健全，推出科技金融政策"组合拳"，各部门各地方积极行动、加快落实，2021年以 来，科创板首发上市376家企业，首发募资超6000亿元，2025年科技创新和技术改造再贷款达到8000亿 元。 面向"十 ...