值得关注的是，会上，雅安市正式发出"数字经济新通道"建设行动倡议。该倡议旨在搭建数字基础设施互联互通、数据要素高效流通、产业生态协同发展 的全新合作平台，推动共建"数字丝绸之路"。倡议提出，共筑枢纽联动新网络、共建绿电算力新底座、共塑数据要素新生态、共兴产业融合新体系、共聚 开放合作新合力。 雅安市数字经济供给暨应用场景开放清单也于当日发布。这是雅安首次系统梳理并发布《数字产业供给暨应用场景开放清单》。该清单聚焦"数字服务+实 体落地"的生态闭环，分为"产业供给"和"应用场景"两大板块，共73项，内容覆盖了从底层算力到顶层应用的完整生态。 活动现场还进行了多个首发和数字经济项目签约仪式。产品首发方面，华为联合华鲲振宇推出专为医疗行业打造的全新力作——华为医疗AI大模型一体 机；解决方案首发方面，虚谷伟业推出新一代实时数据服务平台——虚谷实时数据服务平台（XUGU UPDATA）。签约环节，现场共有16个项目成功签 约，投资总额达115亿元。 12月2日，第八届大数据应用实践大会在四川雅安举行。本次大会由四川省经济和信息化厅、四川省大数据中心、雅安市人民政府共同主办，以"共建算力 应用新生态，共创数字融合新未来 ...

Group 1 - The core point of the article is that Haimer Technology has established a partnership with Zhongxin Xicheng Private Equity Fund Management to create the Chongqing Zhongxin Xicheng Liangshan Venture Capital Fund, marking a significant step in the company's strategy to cultivate a second growth curve and lay out new productive forces [1][2] - The total scale of the fund is approximately 1.05 billion RMB, with Haimer Technology contributing 200 million RMB, accounting for about 19% of the fund [1] - This partnership follows a strategic cooperation agreement signed in October, indicating a transition from strategic intent to practical implementation in the field of new productive forces [1] Group 2 - The establishment of the industrial fund is a proactive response by Haimer Technology to the national strategy of developing new productive forces and accelerating the construction of a modern industrial system [2] - The national policy emphasizes the importance of technological innovation in leading the development of new productive forces and building a modern industrial system, with a focus on advanced manufacturing [2] - By setting up the fund, Haimer Technology aims to accumulate technological knowledge and industrial resources in areas such as artificial intelligence and digital economy, creating favorable conditions for future technological cooperation and business expansion [2]

这次全会提出，要加快建设具有陕西特色的现代化产业体系，坚持把发展经济的着力点放在实体经济 上，着力打造现代能源、先进制造、战略性新兴产业、文化旅游、现代服务业等万亿级产业集群，扎实 推进特色现代农业建设，积极发展人工智能和数字经济，固本兴新培育竞争新优势。要加快提升创新体 系整体效能，以西安区域科技创新中心建设为牵引强化高质量科技供给，以科技成果转化"三项改革"促 进科技创新和产业创新深度融合，以"秦创原"创新驱动平台建设促进创新主体培壮和创新生态优化，以 教育科技人才体制机制一体改革强化有组织的创新，因地制宜培育和发展新质生产力。要加快激发内需 潜力，统筹推进惠民生和促消费、投资于物和投资于人，全面构建现代化基础设施体系，完善扩大内需 政策环境，形成以新需求引领新供给、以新供给创造新需求的良性互动。 这次全会还提出，陕西要加快补齐民生和社会事业短板，加强普惠性、基础性、兜底性民生建设，扎实 做好就业、收入、教育、社保、住房、医疗、养老、婚嫁、生育、托幼等各方面工作，不断提高人民生 活品质。要加快提升生态文明建设水平，筑牢秦岭区域、黄河流域、南水北调中线工程水源涵养区等生 态安全屏障，深入打好污染防治攻坚战和 ...

Core Viewpoint - The release of the "Opinions" by five major departments aims to strengthen the construction of data element disciplines and digital talent teams, providing comprehensive support for the development of the digital economy and promoting high-quality growth in this sector [2][3]. Group 1: Talent Development Initiatives - The "Opinions" propose 12 measures to enhance the construction of data-related disciplines and digital talent teams, focusing on integrating education, research, and industry needs [2][3]. - There is an emphasis on optimizing discipline settings, encouraging universities to establish data science and digital economy programs, and adjusting vocational education based on industry demands [3][4]. - The initiative supports the establishment of digital colleges within comprehensive universities and encourages specialized institutions to develop programs in areas like digital trade, data security, and health data management [4]. Group 2: Trends in Digital Talent Training - The current trends in digital talent training include accelerated interdisciplinary integration, a stronger emphasis on practical skills, and regional specialization in talent development [4][5]. - The focus is shifting from single-discipline training to a "data + profession" approach, enhancing hands-on capabilities to reduce the adaptation period for talent entering the workforce [4][5]. - Regions with active economies are encouraged to cultivate talents in digital marketing and planning to meet specific market needs [4]. Group 3: Research and Innovation - The "Opinions" call for accelerated research in key areas such as data marketization, data rights, and emerging technologies like AI and blockchain, aiming to establish a robust theoretical and policy framework for data elements [5][6]. - There is a push for collaboration between academia and industry to foster innovation, with enterprises taking a leading role in identifying technical needs and implementing solutions [6]. - The initiative encourages the development of application scenarios to enhance the synergy between education, research, and industry, promoting the cultivation of innovative and practical digital talent [6].

Core Insights - The 2025 World IoT 500 Summit was held in Beijing, revealing that China has the highest number of companies on the list, followed by the United States. Huawei retains the top position, with Microsoft, China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation, Schneider Electric, Bosch, China Telecom, Haier, China Mobile, and Roscosmos rounding out the top ten. Notably, companies like Origin Quantum, Starlink IoT, and DeepSeek made their debut on the list [1][3][10]. Summary by Category Overall Rankings - The 2025 World IoT 500 list includes Huawei at the top, followed by Microsoft, China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation, Schneider Electric, Bosch, China Telecom, Haier, China Mobile, and Roscosmos [3][5][11]. Digital Economy - The global digital economy surpassed $40 trillion this year, with an increase of nearly 8%. The GDP of the top 500 companies amounts to $25 trillion, making them a significant driver of global digital economic growth, with IoT-supported digital economy accounting for over half [2][11]. New Entrants - High-tech and AI companies such as Origin Quantum, Starlink IoT, and DeepSeek have entered the rankings for the first time, indicating a growing recognition of advanced technology firms in the IoT space [1][12].

Core Insights - The announcement by Haimer Technology (Group) Co., Ltd. regarding the establishment of the Chongqing Zhongxin Xicheng Liangshan Venture Capital Fund marks a significant step in the company's strategy to cultivate a second growth curve and lay out new productive forces [1][2] - The fund has a total scale of approximately 1.05 billion yuan, with Haimer Technology contributing 200 million yuan, representing about 19% of the fund [1] - This partnership with Zhongxin Xicheng follows a strategic cooperation agreement signed in October, indicating a transition from strategic intent to practical implementation in the field of new productive forces [1][2] Company Strategy - Haimer Technology is aligning with national strategies to promote technological innovation and the development of new productive forces, aiming to build a modern industrial system [2] - The establishment of the industrial fund is expected to help Haimer Technology accumulate technological knowledge and industry resources in areas such as artificial intelligence and the digital economy, facilitating future technological cooperation, industry mergers, and business expansion [2] - This initiative reflects a transformation approach for traditional manufacturing enterprises to enhance resilience and gradually build influence in emerging technology sectors while solidifying traditional business advantages [2]

Core Viewpoint - The article emphasizes the emergence of the "smart economy" as a new economic form driven by artificial intelligence and other intelligent technologies, which enhances personalized customization and proactive responses, elevating economic and social development to a higher level [1][6]. Development of Smart Economy - The "14th Five-Year Plan" has established high-quality development as the main theme for economic and social development, proposing the comprehensive implementation of the "Artificial Intelligence +" initiative to integrate AI with various sectors [2][3]. - The smart economy is characterized by a transition from digitalization to intelligent transformation, with AI technologies driving comprehensive upgrades across production methods and living scenarios [8][10]. Historical Context of AI Development - The development of AI can be divided into three stages: rule-based programming (1950s-1970s), expert systems and knowledge engineering (1970s-1980s), and data-driven learning (1980s-present) [5][6]. - The modern concept of AI involves using computer technology to enable machines to learn and act autonomously, marking a significant shift from traditional automation and mechanization [5][6]. Trends in Smart Economy - The transition from generative AI to intelligent agents is underway, with the number of generative AI services expected to grow from 8 in August 2023 to 439 by June 2025, reflecting a 54-fold increase [8][9]. - The smart economy will evolve from a focus on virtual services to a core emphasis on intelligent manufacturing, indicating a shift in economic development models [9][10]. Industry Development and Ecosystem - By 2024, China's AI industry is projected to exceed 700 billion yuan, with a comprehensive industrial chain covering chips, computing power, data, platforms, and applications [10][11]. - The emergence of AI-native enterprises specializing in AI programming, customer service, and robotics is expected to drive the development of a complete smart industry ecosystem [10][11]. Recommendations for AI Development - To promote high-quality AI development, it is essential to expand investment, accelerate the scale production of AI products, and enhance the quality of digital infrastructure [13][14]. - Building a robust AI industry ecosystem requires integrating market forces, supporting leading enterprises, and encouraging participation from small and micro enterprises [14][15]. - Establishing new regulatory frameworks that balance development and safety is crucial for the sustainable growth of the smart economy, ensuring it benefits the entire population [15].

联合资信 公用评级四部 |倪 昕 www.lhratings.com 研究报告 1 报告概要 www.lhratings.com 研究报告 2 黑龙江省农林资源丰富，畜牧业发展条件优异，经济总量处于全国下游水平，2024 年经济增速有 所放缓，人均 GDP 排名靠后。黑龙江省产业结构保持稳定，其中第三产业是拉动全省经济增长 的主要动力。随着冰雪经济出圈，黑龙江省文化旅游业维持高速发展。 2024 年，黑龙江省一般公共预算收入和政府性基金收入有所增长，规模在全国排名下游，财政自 给能力弱，上级补助收入对黑龙江省政府综合财力提供了有力支撑，政府债务率水平偏高。 黑龙江省各地级市经济实力分化明显，哈尔滨市经济发展水平处于领先地位；除大庆市外，黑龙 江省其他地级市人均 GDP 均低于全国平均水平。哈尔滨市综合财力远高于其他地级市，受区域 房地产市场持续低迷影响，部分地市政府性基金收入降幅较大，各地级市综合财力对上级补助的 依赖性高；绝大部分地级市政府债务率快速攀升，哈尔滨市政府债务率仍居黑龙江省首位。 随着部分地市城投债提前完成兑付，黑龙江省债券净融资金额持续为负，目前仅哈尔滨市和牡丹 江市有存续发债城投企业，整体存 ...

哈喽大家好，今天小无带大家聊聊中美经贸这出跨世纪 "大戏"！ 一边是地缘博弈的纷纷扰扰，一边是半世纪没断过的民间默契，这看似拉扯的背后，藏着全球经济稳局 的关键密码。 现在全球经济增速放缓，中美经贸稳定早不是两国的"家务事"，而是关乎全球复苏的"刚需公共产品"。 谁忘了20世纪30年代的教训？ 当时的贸易战直接加剧了大萧条，历史明明白白告诉我们，世界两大经济体对着干，没有国家能独善其 身。如今全球产业链拧得跟麻花似的，中美经贸的一点风吹草动，都会通过订单、物流、原材料价格传 到各个角落，谁也躲不开。 经贸合作是"刚需公共产品" 往长远看，这俩国家的合作价值远不止赚点短期利益。全球都在搞绿色转型，中国的新能源产能配上美 国的技术研发，能给碳中和提供更高效的解决方案；数字经济赛道上，中国的应用场景和美国的底层技 术更是互相成就。 这就需要两国政府别搞短视操作，赶紧给工商界合作扫清障碍，取消畸高关税、放宽技术出口限制，这 些看着像"让利"的举动，其实是对全球经济复苏的责任担当。釜山峰会释放的积极信号，正是给这波合 作"添柴加火"。 半世纪的"务实双向奔赴" 现在的代表团看着是"精准组队"，其实都是市场需求的自然流露 ...

Market Overview - The A-share market experienced fluctuations with the Shanghai Composite Index falling below 3900 points, and the North Shenzhen 50 index also failing to hold above 1400 points, leading to declines in the Shenzhen Component Index, ChiNext Index, and Sci-Tech 50 Index [1][2] - The trading volume slightly decreased to 1.61 trillion yuan, with a larger number of stocks declining compared to those that rose [1][2] Sector Performance - The Hainan Free Trade Zone concept stocks saw significant strength towards the market close, with stocks like Ronioushan (000735) hitting the daily limit up just before the market closed [1][4] - The Straits West Coast concept stocks maintained strong performance throughout the day, with several stocks reaching a 20% limit up [1][4] - Active sectors included the Straits West Coast, hotel and catering, Hainan Free Trade, and pharmaceutical commerce, while sectors like electrical manufacturing, energy metals, film and television, and education training saw the largest declines [2] Capital Flow - Communication sector attracted over 3.5 billion yuan in net inflow, while light industry manufacturing and defense industry received over 3 billion yuan and 2.8 billion yuan respectively [3] - Major outflows were observed in the computer sector, with over 4.5 billion yuan leaving, and electrical equipment and non-ferrous metals also experiencing significant outflows [3] Future Outlook - The market is expected to enter a favorable "profit-making effect" window, particularly around the Spring Festival and the Two Sessions, which typically lasts about 20 trading days [3] - Analysts suggest focusing on sectors with growth logic for the upcoming year, particularly in high-growth stocks and industries such as snacks, frozen foods, condiments, and dairy products, which are expected to benefit from seasonal demand [3] Policy Impact - The Hainan Free Trade Port is set to officially start its full island closure on December 18, 2025, with significant tax incentives including zero tariffs on imported goods and reduced corporate and personal income tax rates [7] - The policy is expected to enhance trade and accelerate the development of Hainan as an international tourism consumption center, benefiting related sectors such as tourism, hotels, and retail [7] Investment Recommendations - Analysts recommend focusing on companies within the tourism industry that are likely to benefit from the Hainan Free Trade policies [7] - The Fujian sector is also expected to benefit from policy dividends, industrial upgrades, and cross-strait integration, with a focus on digital economy and AI-related stocks [10]