Group 1 - The core point of the article is that Huqin Technology (603296) announced its wholly-owned subsidiary, Shanghai Moqin Intelligent Technology Co., Ltd., plans to invest 25 million RMB in the second phase of the Anhui Gaoxin Yuanhe Puhua Private Equity Investment Fund, representing 1.61% of the total subscription amount after this investment [1] Group 2 - The transaction does not constitute a related party transaction or a major asset restructuring [1] - The targeted fund focuses on supporting the development of growth-stage and mature enterprises, particularly in the Yangtze River Delta region, with an emphasis on investing in hard technology sectors such as semiconductors and intelligent manufacturing [1]

金十数据6月18日讯，华勤技术公告称，公司全资子公司上海摩勤智能技术有限公司拟作为有限合伙人 认缴出资2500万元人民币认购安徽高新元禾璞华私募股权投资基金合伙企业二期募集份额，占本次出资 后安徽元禾认缴出资总额的1.61%。该基金主要投资于长三角区域内十大新兴产业，重点关注以半导体 和智能制造为核心的硬科技领域，对规定投向的投资额不得低于基金投资额的70%。 华勤技术：子公司拟认购安徽元禾二期募集份额 基金重点关注半导体等硬科技领域 ...

6月18日，中国证监会发布实施《关于在科创板设置科创成长层增强制度包容性适应性的意见》。中国 证监会新闻发言人就《科创板意见》回答记者提问表示，科技创新是探索未知的过程，既孕育着新动 能，也必然伴随着风险。本次改革在有力支持科技型企业创新发展同时，进一步加强中小投资者合法权 益保护。一方面，聚焦风险揭示和投资者保护，作出多项针对性制度安排。包括：在科创成长层企业股 票简称后统一设置特殊标识"U"；提高新注册未盈利科技型企业摘除特殊标识"U"的标准；要求企业定 期披露尚未盈利的原因及影响并提示风险；要求证券公司多维度强化投资者风险评估并充分告知风险； 组织个人投资者签署科创成长层企业股票投资专门风险揭示书，等等。另一方面，注重简明易懂，增强 投资者获得感。包括：发行上市等基础制度保持不变；现有未盈利企业摘"U"条件保持不变；投资者投 资科创板成长层的资金门槛保持不变。下一步，我们将坚持严把发行上市入口关，牢牢把握科创板"硬 科技"定位，从源头上提高上市公司质量。(证监会) ...

华勤技术：全资子公司拟参与投资私募股权投资基金 智通财经6月18日电，华勤技术(603296.SH)公告称，公司全资子公司上海摩勤智能技术有限公司拟作为 有限合伙人认缴出资2500万元人民币认购安徽高新元禾璞华私募股权投资基金合伙企业（有限合伙）二 期募集份额，占本次出资后安徽元禾认缴出资总额的1.61%。该基金主要投资于长三角区域内十大新兴 产业，重点关注半导体和智能制造等硬科技领域项目。 ...

Group 1 - The Shanghai Stock Exchange Sci-Tech Innovation Board Composite Index (000680) increased by 0.63% as of June 18, 2025, with notable gains in constituent stocks such as New Light Optoelectronics (688011) up 20.01%, Qingyue Technology (688496) up 16.17%, and Shengyi Electronics (688183) up 14.84% [3] - The Huaxia Sci-Tech Innovation Index ETF (589000) rose by 0.54%, with a latest price of 0.94 yuan, and had a turnover rate of 4.11% during the trading session, with a transaction volume of 92.8137 million yuan [3] - The average daily transaction volume of the Huaxia Sci-Tech Innovation Index ETF over the past month was 127 million yuan, ranking it first among comparable funds [3] Group 2 - The 2025 Lujiazui Forum commenced on June 18, 2025, focusing on "Financial Opening and Cooperation and High-Quality Development in the Context of Global Economic Changes," featuring eight plenary sessions and three specialized events addressing issues like reinsurance market construction and fintech [3] - Huaxi Securities views the Lujiazui Forum as a significant policy observation window, anticipating the release of major financial policies by central financial management departments during the forum, which is expected to positively influence market sentiment and support a stable rise in A-shares [3] - The Huaxia Sci-Tech Innovation Index ETF closely tracks the Shanghai Stock Exchange Sci-Tech Innovation Board Composite Index, focusing on hard technology sectors, including new generation information technology, high-end equipment, biomedicine, new energy, new materials, and energy conservation and environmental protection [4]

" 6 "即在科创板创新推出6项改革措施 ，包括对于适用科创板第五套标准的企业，试点引入资 深专业机构投资者制度；面向优质科技企业试点 IPO预先审阅机制；扩大第五套标准适用范 围，支持人工智能、商业航天、低空经济等更多前沿科技领域企业适用；支持在审未盈利科技 企业面向老股东开展增资扩股等活动；完善科创板公司再融资制度和战略投资者认定标准；增 加科创板投资产品和风险管理工具等。同时，证监会也将在创业板正式启用第三套标准，支持 优质未盈利创新企业上市。 吴清表示，当前，适应创新规律的资本形成机制不完善。与科技创新 "十年磨一剑"的坚守相 比， 我们的金融供给仍存在资金短期化、风险容忍度低等问题，长期资本、耐心资本远远不够 。 他指出，完善更加适配科技创新和产业变革的金融服务体系，资本市场大有可为。资本市场具 有独特的风险共担、利益共享的激励相容机制，能够提供从风险投资到上市融资、并购重组的 全链条、接力式服务，满足初创期、成长期、成熟期等不同阶段企业需求。 从近年国内外实践看，无论是大而强的科技巨头，还是小而美的科创新秀，都离不开资本市场 的有力支持，创新始于科技、兴于产业、成于资本的特点越来越明显。创新需要科 ...

聚焦"硬科技"定位，严把发行上市准入关，是制度释放包容性的基础。数据显示，"科创板八条"发布以 来，新上市企业15家，合计募集资金124亿元，覆盖半导体、高端装备、新材料等战略性新兴领域，其 中12家为国家级专精特新"小巨人"，充分体现"含科量"。 本报讯 （记者毛艺融）2024年6月19日，证监会发布《关于深化科创板改革服务科技创新和新质生产力 发展的八条措施》（简称"科创板八条"），聚焦提升资本市场对科技创新的包容性与适配性，在支持硬 科技企业科创板上市、优化发行承销制度、再融资、并购重组、指数产品及市场生态等方面推出一揽子 改革举措，标志着科创板的改革"再出发"，也为下一步全面深化资本市场改革积累经验、创造条件。 这一年，监管与市场协同发力，推动改革从纸面走向实践，八方面30余项改革举措渐次落地，为资本市 场注入了新的动力。站在周年节点回望，科创板改革已从"立柱架梁"迈入"积厚成势"新阶段，制度创新 的"关键变量"正转化为高质量发展的"最大增量"，谱写着资本市场服务科技创新的时代新篇。 未盈利企业平稳续航 "硬科技"定位精准护卫 科创板创立之初，监管层推出"市值+研发"的第五套上市标准，迈出境内资本市场 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 2024年6月19日，证监会发布《关于深化科创板改革 服务科技创新和新质生产力发展的八条措施》(以 下简称"科创板八条")，聚焦提升资本市场对科技创新的包容性与适配性，在支持硬科技企业科创板上 市、优化发行承销制度、再融资、并购重组、指数产品及市场生态等方面推出一揽子改革举措，标志着 科创板的改革"再出发"，也为下一步全面深化资本市场改革积累经验、创造条件。 "轻资产、高研发投入"明晰落地 一年来，监管与市场协同发力，推动改革从纸面走向实践，8方面30余项改革举措渐次落地，为资本市 场注入了新的动力。站在一周年节点回望，科创板改革已从"立柱架梁"迈入"积厚成势"新阶段，制度创 新的"关键变量"正转化为高质量发展的"最大增量"，谱写着资本市场服务科技创新的时代新篇。 未盈利企业平稳续航 科创板创立之初，推出"市值+研发"的第五套上市标准，迈出境内资本市场允许无收入、未盈利企业发 行上市第一步。"科创板八条"明确提出，支持具有关键核心技术、市场潜力大、科创属性突出的未盈利 企业上市。 政策实施后，首家未盈利企业西安奕材IPO申请于2024年11月获受理，成为政策落 ...

Core Viewpoint - The National SME Development Fund has successfully established its seventh batch of sub-funds, totaling over 8 billion yuan, aimed at investing in hard technology and future industries for small and medium-sized enterprises (SMEs) [1][2][3]. Group 1: Fund Establishment - The seventh batch of sub-funds includes four funds with a total scale of 82.87 billion yuan, focusing on hard technology sectors [1]. - The first sub-fund, managed by Shenzhen Capital Group, has a total scale of 20 billion yuan, with the National SME Development Fund contributing 30% [1]. - The second sub-fund, Shanghai Zhongke Chuangxing, has a scale of 26.17 billion yuan, with the National SME Development Fund contributing approximately 28.66% [2]. - The third sub-fund, Dongfang Jiafu, has a scale of 16 billion yuan, focusing on advanced manufacturing and health sectors [2]. - The fourth sub-fund, Shanghai Lanchih, has a scale of 20.7 billion yuan, targeting advanced manufacturing and artificial intelligence [2]. Group 2: Investment Strategy - The National SME Development Fund aims to address long-term equity financing issues for innovative SMEs [3]. - The selection criteria for sub-funds are strict, with a maximum duration of 8 years and a minimum scale of 1 billion yuan for each sub-fund [3][4]. - The investment strategy emphasizes early-stage and innovative SMEs, with a target of investing at least 60% of the total scale in seed and growth-stage companies [3]. - There is a focus on balanced regional development, encouraging investments in SMEs located in central and western regions of China [4]. Group 3: Fund Performance - The National SME Development Fund has established over 120 billion yuan in sub-funds, with 46 sub-funds and investments in over 1,800 projects [4]. - The investment projects cover various sectors, including electronic information, chemicals, healthcare, and materials [4]. - There are discussions about establishing a second phase of the National SME Development Fund to further support the growth of specialized and innovative SMEs [4].

Group 1 - The Hong Kong stock market indices experienced a decline, with the Hang Seng Index down 0.13% to 24028.83 points, the Hang Seng Tech Index down 0.06%, and the State-Owned Enterprises Index down 0.23% [1] - The 618 shopping festival coinciding with the national subsidy policy for replacing old products is expected to boost consumer demand for durable goods, including digital products, home appliances, and even automobiles [1] - The demand for durable consumer goods is anticipated to bring prosperity to related industries and provide strong support for the expansion of the domestic market [1] Group 2 - China Galaxy Securities suggests that the A-share market is likely to maintain a volatile trend in the short term, focusing on structural opportunities [1] - Three main lines of opportunity are identified: first, assets with high safety margins, characterized by low valuations and high dividends; second, technology as a long-term allocation focus; third, the consumer sector boosted by policy support [1] - The old-for-new policy is showing effects, with new consumption potential continuously released under the reconstruction of consumer behavior and deep technological empowerment [1] Group 3 - The Hong Kong consumption ETF (513230) combines e-commerce and new consumption, covering relatively scarce new consumption sectors compared to A-shares [2] - The Hang Seng Tech Index ETF (513180) includes both software and hardware technology, encompassing relatively scarce technology leaders compared to A-shares [2]