Group 1 - Central enterprises are intensively investing in strategic emerging industries and future industries, with a total scale of 600 billion yuan for the newly established funds by China Guoxin [2] - China Guoxin has invested in over 300 projects with a total amount exceeding 120 billion yuan, with nearly 80% allocated to strategic emerging industries [2] - The establishment of the hydrogen energy industry chain venture capital fund by Sinopec marks the largest fund focused on hydrogen energy in China, with an initial scale of 5 billion yuan [3] Group 2 - Local state-owned capital is accelerating the construction of an innovation upgrade ecosystem, with China Pacific Insurance launching a 500 billion yuan fund [4] - The Shanghai leading industry mother fund has selected 17 sub-funds with a total investment amount of 41.5 billion yuan, indicating a leverage ratio of 5.82 times [4] - Various regions are adopting models such as guiding funds and cross-regional cooperation funds to attract capital and upgrade industries [4][5] Group 3 - The introduction of a fault tolerance mechanism is aimed at activating patient capital, addressing the reluctance of some state-owned funds to invest [6][7] - Local state-owned assets in Guangdong, Shanghai, and Jiangsu are innovating systems to encourage investment, allowing for 100% loss in certain projects [7] - The transformation of state-owned funds into true long-term and patient capital is supported by the implementation of loss tolerance and differentiated assessment systems [7]

Core Insights - The Chinese government has issued new policies to support insurance funds in establishing private equity funds, particularly in strategic emerging industries and hard technology sectors [1][2][3] - Insurance institutions have actively participated in private equity investments, with a total contribution of 28.971 billion yuan from insurance funds as limited partners in the first five months of the year [1][6][7] - China Ping An Life Insurance led the contributions in May, investing 9 billion yuan, indicating a strong presence in the private equity market [6][7] Policy Support - The recent policy documents encourage long-term investments from insurance funds, particularly in Shenzhen, aiming to create a significant industrial fund cluster [2][3] - Various supportive measures are expected to enhance the collaboration between insurance funds and local governments, potentially leading to tax incentives and other local support [2][3] Investment Trends - Insurance funds are increasingly setting up private equity funds, with notable examples including China Pacific Insurance's 30 billion yuan fund focused on state-owned enterprise reform and strategic emerging industries [7] - The trend of insurance funds collaborating with local governments through joint investment funds is gaining traction, improving the efficiency of fiscal resource utilization [3][4] Market Environment - The market environment for private equity funds is improving, with more exit channels available, such as share transfers and active IPOs in the Hong Kong market [4][5] - The regulatory adjustments have allowed for a more flexible investment approach for insurance funds, increasing their risk appetite and enabling better market dynamics [3][4] Future Outlook - The scale of private equity funds managed by insurance institutions is expected to continue growing, driven by both policy support and the need for optimized asset allocation in a low-interest-rate environment [5][8] - The increasing focus on private equity investments is anticipated to play a significant role in supporting the real economy and promoting industrial upgrades [8]

"如何将专业知识转化为服务国家战略的实践能力，是新时代科研工作者必须深入思考的使命课题。"汤 诗奕表示。作为一名中国共产党党员，孟德颖在校期间就树立了为国家解决"卡脖子"问题的理想信念， 他说："选择中国航天空气动力技术研究院，不仅是一份工作，更是一份沉甸甸的责任。" "蓝"则指国际组织蓝。北京大学响应国家号召，鼓励更多青年走向国际舞台，代表中国发出响亮的声 音。学校通过证书项目、实践参访等，引导在校生提前演练在国际舞台上如何讲好中国故事。 毕业生前往西部和东北地区、重点产业领域比例上升 "传承'老西藏精神'，扎根边疆，履职尽责，为建设社会主义现代化新西藏奋斗到底！"北京大学中国史 专业博士毕业生邓成在给历史学系党委的请愿书中这样写道。2025年，在博士毕业之际，邓成主动申请 到西藏大学工作，希望用自己的研究为维护祖国统一、巩固民族团结贡献一份力量。 "北京大学每年有超过1万名毕业生，毕业去向落实率长期保持高位稳定。"北京大学学生就业指导服务 中心负责人介绍。 随着2025届毕业生去向一一落实，北京大学的毕业生的去向成为社会关注的问题。除了工作待遇，北京 大学毕业生们更加关注国家和社会需求，越来越多的毕业生选 ...

图片来自视觉中国 作者｜杨敏 发自新加坡 其次是加强粮食和能源安全。印尼正推动食用油、生物燃料等重点领域的产能扩张，并加快开发太阳能、水电等可再生 能源。"我们的目标是实现100%绿色能源供应，新首都努山塔拉也将实现完全由清洁能源供电。" 第三是印尼强调区域合作的重要性。他指出，印尼正推动东盟数字支付互联互通，并计划于今年8月在中国与日本之间 启动跨境支付试点。同时，印尼也在深化与地区伙伴在可持续发展方面的合作。 印尼有潜力在中美博弈之间，扮演 "中间人"的角色，帮助中国企业在合规前提下寻找更灵活的国际路径 …… 在全球经济不确定性加剧的背景下，印度尼西亚如何保持增长动能、优化政策环境、吸引外资，正成为区域各方关注的 焦点。新一届政府上台后，总统普拉博沃提出一系列新政策，包括强化主权基金运作、推进国企改革、发展绿色能源与 下游产业链，力图为印尼经济注入新动能。这些政策背后蕴含哪些机遇，又将面临怎样挑战？ "印尼不仅拥有丰富的自然资源，更具备活力充沛的人力资本，为全球投资者提供了坚实的长期合作基础。"在6月4日于 新加坡举行的"亚洲愿景伙伴计划"（Asia New Vision Partnership，简称A3 ...

Group 1 - The "Regulations on Promoting High-Quality Development of the Marine Economy in Guangdong Province" has been approved and will take effect on July 1, marking the first local legislation aimed at promoting marine economic development in Guangdong [1] - The regulations consist of seven chapters and fifty-three articles, focusing on marine industry development, technological innovation, green development, open cooperation, and comprehensive service and support [1][2] - The regulations require coastal governments to coordinate the development of land and marine resources, implement classified protection and utilization of coastlines, and optimize the spatial layout of the marine economy [1][3] Group 2 - The regulations encourage the development of emerging marine industries, guiding electronic information companies to expand into marine fields and enhance the R&D capabilities of high-end marine electronic equipment [2] - There is a focus on promoting marine engineering equipment manufacturing, encouraging breakthroughs in key technologies, and supporting the development of new marine equipment such as submersibles and underwater robots [2] - The regulations also include provisions for modern marine ranching, emphasizing the establishment of supporting infrastructure and a mechanism for approving marine use for aquaculture [2] Group 3 - The regulations aim to strengthen the control of marine ecological space and marine development utilization, improving protection levels and efficiency of coastline use [3] - Coastal governments are required to enhance overall marine ecological environment protection and promote systematic protection of typical marine ecological types such as mangroves and coral reefs [3] - The regulations mandate the establishment of a balance system for coastline occupation and restoration, along with a funding mechanism for coastline remediation [3] Group 4 - The provincial government is tasked with conducting basic investigations and surveys of marine resources, while supporting the construction of marine data spaces [4] - Governments at or above the county level must ensure land and marine use for marine projects according to land spatial planning [4] - The regulations also detail the optimization of approval procedures for certain marine projects and the valuation and bidding processes for marine and uninhabited island usage rights [4]

Core Viewpoint - The article highlights the significant achievements of China's capital market reforms during the "14th Five-Year Plan" period, particularly focusing on the implementation of the registration system, equity financing, and increased shareholder returns through dividends and buybacks [1]. Group 1: Equity Financing - The total amount raised in the A-share market exceeded 5 trillion yuan, accounting for 3.57% of the increase in social financing scale [2]. - The implementation of the registration system has led to a reduction in over-subscription phenomena, with the average first-time offering over-subscription rate dropping from 3.82% during the "13th Five-Year Plan" to -0.23% in the "14th Five-Year Plan" [2]. - There has been a surge in high-quality A-share companies listing in Hong Kong, with 8 companies raising a total of 981.1 billion HKD since the listing of Midea Group [2]. Group 2: Strategic Emerging Industries - During the "14th Five-Year Plan," the proportion of fundraising from strategic emerging industries reached 76.97%, a significant increase of over 40 percentage points compared to the "13th Five-Year Plan" [3]. - The fundraising amount for specialized and innovative enterprises approached 650 billion yuan, representing a 70% increase from the previous period [3]. Group 3: Private Enterprises - Private enterprises accounted for nearly 2.32 trillion yuan in total financing during the "14th Five-Year Plan," representing 46.19% of total A-share financing, an increase of over 9 percentage points from the "13th Five-Year Plan" [4]. - The first-time fundraising from private enterprises exceeded 990 billion yuan, making up over 60% of total A-share first-time fundraising [4]. Group 4: Institutional Investment - The proportion of A-shares held by domestic professional institutions reached 18.46%, an increase of 1.53 percentage points since the end of 2020 [7]. - The market value of public fund holdings rose to 5.87 trillion yuan, an increase of over 1 trillion yuan since the end of 2020 [7]. Group 5: Cash Dividends - The total cash dividends of A-share companies grew from 1.5 trillion yuan in 2021 to 2.4 trillion yuan in 2024, marking a nearly 50% increase [8]. - The number of companies distributing dividends multiple times a year reached 922 by 2024, with an overall dividend rate exceeding 40% [8]. Group 6: Share Buybacks - The amount of active buybacks in A-share companies reached a historical high of over 112 billion yuan in 2024, with the buyback amount exceeding 250 billion yuan since the beginning of 2025 [9][10]. - The active buyback amount during the "14th Five-Year Plan" nearly doubled compared to the "13th Five-Year Plan," with a buyback amount that is 3.65 times higher than the previous period [9]. Group 7: Market Performance - Companies like Gree Electric, Midea Group, and Baosteel have been among the top three in cumulative buyback amounts from 2021 to 2025, with their stock prices significantly outperforming their respective industries [11].

Group 1 - The China Securities Index Strategic Emerging Industries Index (CSI Strategic Emerging, 932266) experienced a decline of 1.31%, closing at 1373.82 points with a trading volume of 18.306 billion [1] - Over the past month, the CSI Strategic Emerging Industries Index has increased by 2.28%, but it has decreased by 5.17% over the last three months and is down 0.40% year-to-date [1] - The index is customized by China Chengtong Holdings Group and includes 50 state-owned enterprises with significant growth potential from the strategic emerging industries [1] Group 2 - The top ten holdings of the CSI Strategic Emerging Industries Index are: Northern Huachuang (10.89%), BOE Technology Group (9.45%), China Aluminum (8.97%), Shengyi Technology (5.46%), Goldwind Technology (4.23%), China Power (4.0%), Shenghe Resources (3.04%), Jingfang Technology (2.83%), Jinghe Integration (2.73%), and Aerospace Rainbow (2.57%) [1] - The market share of the index holdings is distributed as follows: Shenzhen Stock Exchange 50.94%, Shanghai Stock Exchange 48.28%, and Beijing Stock Exchange 0.78% [1] Group 3 - The industry composition of the index holdings is as follows: Information Technology 45.31%, Industrials 29.35%, Materials 16.90%, Communication Services 4.22%, Utilities 2.04%, Consumer Staples 1.75%, and Health Care 0.43% [2] - The index samples are adjusted biannually, with adjustments implemented on the next trading day following the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

Group 1 - Two companies from Jiyuan entered the top 500 Chinese enterprises, four entered the top 500 manufacturing enterprises, and three entered the top 500 private enterprises, with six companies exceeding 10 billion in revenue [1] - The comprehensive technology innovation level index of the demonstration zone ranks fifth in the province, with R&D expenditure increasing by 63.4% year-on-year, accounting for 3.44% of GDP, ranking second in the province [1][3] - Jiyuan is transforming from a traditional industrial city to a modern industrial city, leveraging technological innovation to reshape its industrial structure [1][3] Group 2 - Jiyuan's industrial base is strong, with major industrial enterprises playing a crucial role in technological innovation, leading to significant economic growth [3] - The city has implemented the "332" industry cluster cultivation project, focusing on three advantageous industry clusters: non-ferrous metals, steel deep processing, and modern chemical industries, while also developing emerging industries [3][5] - Jiyuan has become the largest green lead-zinc smelting base and silver production base in the country, with industrial enterprises' revenue exceeding 220 billion [3][5] Group 3 - Jiyuan Steel Group has successfully transformed from construction steel to industrial steel, entering the first tier of special steel enterprises in China [5] - The demonstration zone has a high coverage rate of R&D activities among industrial enterprises and has seen a doubling of high-tech enterprises and technology-based SMEs over the past three years [6] - New research institutions and partnerships have been established to enhance innovation in materials and waste resource utilization [6] Group 4 - The circular economy in Jiyuan is thriving, with significant recycling and utilization of industrial waste, contributing to a total output value of over 746 billion in the circular economy sector [8] - The city is focusing on developing new industries while upgrading traditional industries, particularly in the nanomaterials sector, which has been recognized as a strategic emerging industry cluster [10] - Jiyuan is fostering a resilient ecosystem for small and medium enterprises, with numerous specialized and innovative companies emerging [10][11] Group 5 - The city emphasizes innovation as a key driver for high-quality economic development, aiming to build a modern industrial system [13] - Jiyuan is positioned to become a modern city with robust industrial capabilities and sustainable growth, integrating traditional industrial strengths with innovative dynamics [13]

科技保险将迎新政策。 金融监管总局副局长周亮近日在2025天津五大道金融论坛主论坛致辞时表示，金融监管总局正在研究制定科技 保险相关政策，更好发挥保险业风险补偿、风险减量、资金杠杆作用。 梳理当前科技保险政策和实施进展可以发现，在系列政策利好推动下，目前保险业围绕科技产业创新和投资正 呈现"加速度"，预计新政将进一步推进保险行业护航科技产业。 研究制定科技保险相关政策 周亮在致辞时表示，金融监管总局全力推动金融机构聚焦金融服务科技创新的短板弱项，完善金融支持创新体 系，推动金融发展更好适应新时代科技创新需求。 优化保险保障是其中一项重要举措。周亮介绍，指导保险公司加强国家重大科技任务和科技型中小企业保险保 障。推动集成电路、商业航天等共保机制稳健运行。开展中试保险试点。深化首台（套）重大技术装备、首批 次新材料、首版次软件保险补偿试点，试点启动以来累计提供风险保障过万亿元。 未来，金融监管总局将持续加大对科技创新的金融支持力度。在进一步强化保险保障方面，周亮表示，金融监 管总局正在研究制定科技保险相关政策，更好发挥保险业风险补偿、风险减量、资金杠杆作用。 保险对于科技产业的发展意义重大。 科技保险和保险资金 ...

以下文章来源于RimeData 来觅数据 ，作者来觅研究院 RimeData 来觅数据 . 全面的一级市场数据平台 ⌜ 投融概况 ⌟ 截至2025年6月6日18:00，本周融资事件共83起（不包括并购、定增），较上周减少了42起，融资金额总计约55.64亿元（谨慎估计），较上周增加了15.98 亿元。在所有融资事件中，本周融资金额在亿元及以上的融资事件有16起，较上周减少3起。本周公开退出案例19个，较上周减少16个。另外，本周有89 家机构参与了一级市场投资，较上周减少了56家。 本周已披露金额的融资事件48起，较上周减少17起，融资金额区间分布结构与上周变化不大，本周500万以下的融资事件3起，较上周减少1起；500 万-1000万（含1000万）融资事件合计21起，较上周减少4起；1000万-5000万（含5000万）融资事件为7起，较上周减少10起；5000万-1亿（含1亿）的融资 事件12起，较上周减少1起；1-5亿（含5亿）融资事件为4起，较上周减少1起；本周无 5亿-10亿（含10亿）融资事件；本周10亿元以上融资事件为1起。 数据来源：RimeData来觅数据 具体来看一下本周值得关注的热门投 ...