尊敬的各位投资者： 展信佳。 长城恒生科技指数QDII（A类：024148；C类：024149）已于今天顺利结束募集，感谢您的信任与支 持。 往后展望，在"以我为主"的未来图景下，中国科技力量崛起将是长期故事，恒生科技指数有望在这一发 展进程中持续焕发生机。 最后，再次感谢您对长城恒生科技指数QDII的关注。我们将始终秉持专业审慎的投资理念，以深度研 究为基石，紧密跟踪科技产业变革趋势，全力以赴把握港股科技板块的投资机遇，力争为您创造长期稳 健的投资回报！ 政策面上，国内 "科技自立自强" 政策持续加码，从芯片国产替代到软件自主可控，政策支持力度不断 提升。近期工信部等九部门联合发布的《关于加快推进科技服务业高质量发展的实施意见》明确提出， 加快科技成果转化和产业化，有力支撑科技创新和产业创新融合发展。特别在半导体、智能装备等 "卡 脖子" 领域，政策端正通过专项基金、税收优惠等组合拳，加速产业突围。 产业面上，以DeepSeek为代表的国产AI技术和应用正迎来突破性发展，随着AI加速向各行各业渗 透，"AI+"不仅将推动科技企业盈利模式升级，更有望成为中国经济高质量发展的新引擎。港股科技板 块作为相关企业的 ...

Core Insights - The third Software Innovation Development Conference was held in Wuhan, focusing on opportunities in the era of artificial intelligence and key areas such as independent software innovation, AI technology empowerment, open-source ecosystem cultivation, and integrated software and hardware development [1][14] - The conference attracted over 1,200 attendees, including experts, scholars, and leaders from major software companies, emphasizing the importance of collaboration and innovation in the software industry [1][14] Group 1: Government and Industry Support - The Hubei provincial government prioritizes the software industry as a key driver of new productivity, aiming to strengthen core technologies and create a robust industrial ecosystem [3] - Wuhan is positioning itself as a leading city in digital economy, with plans to develop a software industry scale exceeding 800 billion yuan by 2030 [4] - The conference highlighted the establishment of the Hubei Industrial Software Industry Innovation Work Committee to enhance regional software industry development [8] Group 2: Key Themes and Discussions - The main forum featured speeches from government officials and industry leaders, discussing the integration of artificial intelligence and software, and the importance of open-source ecosystems [2][5] - Experts presented on the development paths of engineering software and the integration of AI with software technologies, indicating a shift towards more intelligent and efficient software solutions [7][13] - The conference included six thematic forums covering various aspects of software development, such as industrial software, cybersecurity, and AI applications [14] Group 3: Innovation and Collaboration - The conference showcased a software interactive marketplace, allowing participants to experience the latest technological innovations and products from various regions [11][12] - A total of 24 software investment projects were signed, with a cumulative investment amount exceeding 4.5 billion yuan, indicating strong market interest and potential for growth [9] - The establishment of the Yujia Mountain Forum aims to create a new hub for industrial software innovation, leveraging the resources and expertise of alumni from Huazhong University of Science and Technology [10]

以下文章来源于硬评测 ，作者专注科技产研的 硬评测 . 体验最好用好玩的AI、科技产品 点击 上方 蓝字 关注我们 这些时刻，很难不去想：这到底是人工智能，还是"人工智障"啊 ？？？！！！ 所以，当我拿到这台云鲸逍遥0 0 2时，我的心态是审慎的。 但经过三百多个小时的"暴力测试"后，我必须承认，这次，可能真的不一样了。 地面清洁的「终极形态」可能真的被云鲸造出来了 ！ 硬评测 作者 | Kozmon 编辑 | lalalunee 老实说，在体验云鲸逍遥0 0 2之前，我对"全能扫地机器人"这个词已经有点麻木了。 这些年，我们见过太多参数上的内卷：吸力从一万卷到两万，功能从扫拖一体卷到自动洗拖布、自动集尘。但一个灵魂拷问始终悬在我们这 些"懒人"用户头上： 它真的能让我完全撒手不管吗？ 我在使用扫地机时，就碰到过很多让人啼笑皆非的场景：满怀期待地让机器人去处理打翻的咖啡，结果它用一块脏兮兮的拖布画出了一幅后现 代主义大地艺术画；扫着扫着，就被一根充电线"锁喉"，然后无助地在原地"嘤嘤嘤"直到电量耗尽。 这玩意儿，你不能再用"扫拖机器人"的旧眼光去看它。它更像是一个被施了魔法的物种： 云鲸把一台专业的「手持洗地 ...

2020 年初，一家领先 AI 公司的研究人员遇到了一个在几年前对任何网络工程师而言都荒谬的问 题：他们的旗舰语言模型（最终将为对话式 AI 系统提供动力的类型）训练了三周后，在完成 60% 时突然停滞。数百个 GPU 闲置在多个服务器机架中，消耗云资源的速度让首席财务官们心痛不已。 工程团队的第一反应是检查明显的问题所在：计算利用率？99%。内存使用情况？最佳。存储 I/O？ 完全在限制范围内。然而训练过程实际上已冻结，GPU 在等待本应瞬间完成的任务。 事实证明，瓶颈并非数十年来定义计算性能的任何组件， 而是网络 。更具体地说，这个网络设计适 用于计算机偶尔相互通信的场景，而非数千个处理器需要完美同步协调每一次计算的场景。传统数 据中心网络栈（为响应用户请求的 Web 服务器、为应用提供服务的数据库和移动文件的存储系统而 构建）根本无法满足 AI 工作负载对集体通信模式的需求 —— 这是人类应用从未有过的需求。 这不仅是技术问题，更是将重塑整个行业的架构不匹配。AI 工作负载不仅需要更多网络资源，还需 要根本不同的网络架构。而这种差异正是一场竞争革命的种子：它将一个看似 unlikely 的参与者推 向主 ...

Group 1 - The market experienced a rapid pullback due to external news, but after six days, it began to show signs of rational recovery with a rebound starting today [1] - The overall rebound position aligns with the 30-day moving average, indicating a potential stabilization after the recent pullback [1] - Two main sectors driving the market's short-term performance are identified: the first being the gaming and film industry, driven by upcoming school holidays and new game product launches expected in July [1] Group 2 - The market is influenced by two significant forces: financial stocks, particularly the securities sector, which saw a broad increase, contributing to a monthly gain of approximately 10 points [2] - The software sector is also showing strength, supported by stablecoin concepts and breakthroughs in domestic software, indicating positive expectations for further research [2] - As the market approaches the latter half of June, it continues to digest pressure around the 3400-point level, which is seen as beneficial for the A-share market over time [2]

Core Viewpoint - Japanese automakers are forming alliances to develop AI and autonomous driving technologies, supported by government subsidies and policies aimed at strengthening the domestic supply chain [2][3][4]. Group 1: Government Support and Policy Direction - The Japanese government has been promoting the development of "software-defined vehicles" (SDV) and emphasizes AI-driven automotive software [3]. - Recent revisions to the "Mobility DX Strategy" include support for AI autonomous driving, focusing on AI infrastructure, talent development, and safety standards [3][4]. Group 2: Industry Collaboration - Japanese automakers are collaborating to enhance the domestic supply chain and reduce reliance on foreign technologies, particularly in critical areas like autonomous driving chips and high-precision mapping [5][6]. - The collaboration aims to share R&D resources, reduce costs, and improve efficiency by leveraging each company's strengths in sensor technology, algorithm optimization, and other areas [6][7]. Group 3: Positive Impacts of Alliances - The formation of alliances is expected to lead to significant advancements in infrastructure, such as advanced computing platforms and data centers, to meet the growing computational demands of autonomous driving systems [7]. - The collaboration will also facilitate talent development by integrating training resources and partnering with educational institutions to create specialized programs in automotive engineering and AI [7]. Group 4: Competitive Landscape - The emergence of a Japanese automaker alliance in AI and autonomous driving is likely to intensify global competition, potentially prompting European and American companies to accelerate their own R&D efforts [8]. - This shift may influence the traditional model of independent R&D among automakers, leading to more cross-industry collaborations involving parts suppliers and technology firms [8].

Group 1 - The core viewpoint is that AI is expected to penetrate deeper into operating system development and foundational technologies, enabling users to create applications with low-code or no-code approaches, thus enhancing software development experiences [1] - The global software market is projected to grow from $737 billion in 2024 to $2 trillion by 2030, with enterprise software and cloud services being the fastest-growing segments, expected to achieve CAGRs of 12.3% and 20.7% respectively [1] - AI will provide a breakthrough path for China in key technology areas such as operating systems and databases, improving R&D efficiency and lowering development barriers, which will accelerate the construction of a self-controlled software and hardware ecosystem [1] Group 2 - The software ETF (code: 515230) tracks the software index (code: H30202), which is compiled by China Securities Index Co., Ltd., reflecting the overall performance of listed companies in the software industry [1] - The index has high growth potential and technical content, with industry allocation primarily concentrated in computer software and services [1] - Investors without stock accounts can consider the Guotai CSI Software ETF Connect A (012636) and Guotai CSI Software ETF Connect C (012637) [1]

Core Insights - The first batch of cybersecurity insurance pilot programs in China has been successfully completed, with over 1,500 policies issued for enterprises, totaling more than 150 million yuan in premiums and nearly 11.5 billion yuan in coverage. For residents, over 2 million anti-fraud insurance policies were issued, with premiums exceeding 2.4 million yuan and coverage surpassing 100 billion yuan [1][4] Group 1: Market Overview - The global cybersecurity insurance market is projected to reach $15.3 billion by 2024, which is less than 1% of the total global property and casualty insurance premiums for that year. However, it is expected to more than double by 2030, with an average annual growth rate exceeding 10% [1] - Cybersecurity incidents are increasingly frequent due to interconnected global supply chains, geopolitical conflicts, and complex cyberattack methods, leading to a shift from traditional risk transfer tools to comprehensive risk management solutions [2] Group 2: Claims and Challenges - Claims for cybersecurity insurance are more complex compared to traditional property and liability insurance, as cyberattacks can lead to business interruption losses, legal disputes, data recovery, and privacy infringement liabilities, resulting in potentially exponential increases in payout amounts [3] - The rapid development of generative AI has heightened the risks associated with cyberattacks, with ransomware attacks forming a complete black market chain that includes subscription-based malware and AI-driven automated attack packages [3] Group 3: Regulatory Support and Product Development - The Chinese government has increased support for cybersecurity insurance, with initiatives launched in July 2023 to promote the healthy development of the market. By the end of 2024, 53 insurance companies had registered 341 cybersecurity insurance products, with 56 new products introduced in 2024 [4] - Innovative products have emerged, such as coverage for software supply chain liabilities and system defects, indicating a growing diversity in the types of cybersecurity insurance available [4] Group 4: Market Challenges - The cybersecurity insurance market in China is still in its early stages, facing challenges such as a lack of awareness among enterprises regarding the benefits of cybersecurity insurance, which affects their willingness to purchase and renew policies [5] - The industry also faces challenges on the supply side, including data scarcity, difficulties in risk quantification, limited product offerings, unclear policy terms, and the need for better collaboration within the industry [5]

Matthew Berman：Thomas，非常感谢你和我聊天。我真的很激动，特别期待讨论软件的未来，尤其是编码Agent的未 来。我的第一个问题是，你曾领导GitHub CodePilot的开发。这是在最近的生成式AI浪潮之前。在这个项目中，你输 入Alina代码，点击Tab键，它就会为你完成代码。当我第一次看到它时，真的非常震撼。你第一次看到当时的GPT以 及代码补全功能时，你有什么感想？那种感觉是什么样的？ 当Thomas Dohmke第一次看到GPT-3生成Python代码时，他的反应是："这不可能奏效。"作为GitHub现任CEO、前 Copilot项目负责人，他曾是代码世界里最冷静的现实主义者。但在2020年那个夏天，Codex完成了一个排序算法—— 没有编译器支持，却语法完美，那一刻，他意识到软件开发的未来已经到来。 本次访谈中，AI产品专家Matthew Berman与Thomas展开了一场极具穿透力的对话，回顾了从最早的代码自动补全、到 今天多模型Agent协作的全过程。他们探讨了一个关键问题：当AI不再只是建议代码，而是开始主动设计、修改和验 证系统时，软件开发者的角色到底发生了什么变化？ ...

Group 1 - Xianheng International (605056) closed at 14.83 yuan on June 13, 2025, up 2.99% from the previous week, with a market cap of 6.086 billion yuan, ranking 63rd in the general equipment sector and 2470th in the A-share market [1] - On June 13, Xianheng International had 14 large transactions at a discount of 10.92%, totaling 61.7712 million yuan, while on June 12, there were 7 large transactions with a net institutional purchase of 39.81 million yuan [2][4] - On June 13, several shareholders of Xianheng International reduced their holdings by a total of 8.2071 million shares, accounting for 2.0% of the total share capital, during a period when the stock price increased by 2.84% [2][4] Group 2 - Xianheng International will hold its second extraordinary general meeting of shareholders on June 20, 2025, to review and vote on a proposal to change the company's business scope and amend the articles of association, including the addition of smart power distribution and control equipment manufacturing and AI application software development [3][4] - The company issued a notice regarding changes in shareholder equity that reached the 1% threshold, detailing the specific changes for each shareholder [3]