Group 1 - The new round of restrictions may lead to a decrease in China's openness to foreign partners [2] - Chinese research institutions will no longer be able to participate in most research funding projects under the EU's Horizon Europe program, which has a total budget of €93.5 billion (approximately $111 billion) [2] - The EU's concerns are related to the sharing of sensitive technologies with China, which could jeopardize regional security [2] Group 2 - Starting this year, institutions based in China or controlled by Chinese entities will be prohibited from applying for funding in areas such as artificial intelligence, 5G communication technology, healthcare, semiconductors, biotechnology, and quantum technology [4] - The "Seven Sons of National Defense" universities under China's Ministry of Industry and Information Technology are fully banned from participating in all funding projects [4] - However, Chinese institutions can still apply for or participate in specific research projects mainly related to climate, biodiversity, food, and agriculture [4] Group 3 - The European Commission, which manages the Horizon Europe program, emphasizes the need for caution in actions and cooperation partners due to the current economic and geopolitical critical juncture [4] - Intellectual property (IP) protection is also a concern for the EU [4] - The Chinese Ministry of Science and Technology has not yet responded to requests for comments regarding the changes in participation eligibility for the Horizon Europe program [4]

我国科技创新成就显著，但依然存在原始创新能力不足、关键核心技术受制于人、科技成果转化不畅等 情况，创新链与产业链深度融合仍面临困难。对此，要从制度环境、创新策源、产业融合层面协同发 力，久久为功，实现高水平科技自立自强。 国家税务总局税收大数据分析显示，2025年，我国科技创新与产业创新加快融合，主要体现在科技成果 转化力度持续提升、战略性新兴产业茁壮成长、传统产业转型加快等方面。 2025年，我国科研技术服务业销售收入同比增长20.4%，科技含量较高的知识产权（专利）密集型产业 销售收入同比增长10.7%，反映出科技成果转化应用力度加大。同时，全社会研发经费投入强度稳步提 升，基础研究投入占比逐步提高，2025年全社会研究与试验发展经费投入达到39262亿元，稳居世界第 二位；研发经费投入强度达2.8%，比上年提高0.11个百分点，首次超过经济合作与发展组织（OECD） 国家平均水平。在战略性新兴产业方面，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，集成电路、人工智能、量子技术、生物医药、新能源等领域关键核心技术攻关取得重要 进展，一批新型支柱产业快速崛起。 为强化战略科技力量，近 ...

Core Insights - Shandong Province is making significant progress in international standardization, with 58 international standards in fields such as smart home appliances, smart cities, and new materials set to be established by 2025, representing a 100% increase from 2024 [1] Group 1: International Standards Development - The province has led the creation of the world's first international standard for quantum dot light conversion films, which are essential materials for new display technologies, enhancing color vibrancy and reducing energy consumption [2] - An international standard for data protection in additive manufacturing (commonly known as 3D printing) has been established, marking the first global guidelines for data protection levels in this sector [2] - Shandong has achieved a breakthrough in international standards for the poultry slaughtering sector, marking its first entry into international standards in animal husbandry [2] Group 2: International Collaboration and Events - The Qingdao International Standardization Conference was successfully held, attracting representatives from seven national standardization organizations and 380 international guests to discuss cooperation in artificial intelligence, low-altitude economy, and green low-carbon transformation [2] - The province hosted the first Shanghai Cooperation Organization standardization cooperation meeting and the 2025 Sino-German Standardization Cooperation Committee meeting, promoting regional economic development through standard cooperation [2] - The release of the "Qingdao Initiative" for strengthening standardization cooperation among Shanghai Cooperation Organization member states aims to foster research collaboration in artificial intelligence and quantum technology [2] Group 3: Future Directions - The Shandong Provincial Market Supervision Administration plans to continue guiding local enterprises in advancing international standard development, enhancing international standardization exchanges, and accelerating the opening of standard systems to improve industrial competitiveness and contribute to global high-quality development [3]

Core Viewpoint - The company is focused on integrating quantum technology with information security, launching a series of quantum security chips and modules to address potential threats from quantum computing [1] Product Offerings - The main products include terminal application quantum security chip A5Q, cloud and server application quantum security chip CCP907TQ, terminal application quantum security modules CCUMU2Q01 and CCUMU3Q02, and cloud and server application quantum MiniPCI-E cryptographic card CCUPM2Q04, as well as quantum PCI-E cryptographic cards CCUPH2Q03 and CCUPH3Q03 [1] - Several quantum security products have been adopted and sold by significant enterprises in the quantum field, such as China Telecom Quantum, Wentian Quantum, and Hefei Silicon Zhen, successfully applied in critical sectors like power and communication [1] Strategic Development - The company's development strategy employs a "Quantum+" approach, aiming to upgrade the "cloud-edge-end" self-controlled high-security cryptographic chip system using quantum security technology [1] - The goal is to provide cryptographic products and solutions that can withstand quantum computing threats for key industry clients in finance, communication, power, and the Internet of Things [1]

【环球时报驻法国特派记者 于超凡 环球时报记者 倪浩】欧盟日益陷入工业经济落后于中美的焦虑，频 频出台贸易保护主义色彩浓厚的政策，以期重振本土工业。据法国《世界报》报道，法国总统马克龙10 日接受多家欧洲媒体采访时表示，欧洲竞争力正面临中美"双重压力"，呼吁欧盟加大对生态转型、人工 智能与量子技术等关键领域的投入，避免未来数年被中美甩开。此番表态正值12日欧盟各国元首与政府 首脑在比利时阿尔登比森城堡举行非正式会议前夕。 马克龙强调，欧洲需要"保护"，需在清洁技术、化工、钢铁、汽车和国防等关键行业推行"欧洲优先"， 守护欧盟战略自主，否则欧洲企业将被中美竞争"横扫出局"。据英国《金融时报》报道，马克龙计划在 12日的欧盟领导人非正式会议上，敦促各方利用"格陵兰岛时刻"——即欧洲人意识到自身受威胁的契 机，加快推进拖延已久的经济改革，降低对中美两国的依赖。 据西班牙《国家报》10日报道，自2024年下半年本届欧盟委员会履职以来，恢复欧洲经济竞争力始终是 核心议题，在此次非正式会议上，该议题将成为最主要甚至几乎唯一的议程。 近年来，欧盟出台的一系列经贸政策带有明显保护主义倾向，不断加大对华限制，严重影响中欧正常经 ...

Summary of Key Points from the Conference Call Industry Focus - The discussion centers around the **quantum computing industry**, highlighting its potential for investment opportunities in the near future [1]. Core Insights and Arguments - The company emphasizes that **quantum technology** is a promising investment theme, suggesting a phased approach to investment in this sector [1]. - It is anticipated that by **2026**, multiple provinces will likely initiate tenders for **hyper-converged computing** systems, which is expected to benefit leading companies such as **Guodun Quantum** [1]. - In terms of applications, **Guoxin Technology** has recently developed quantum chips for **L4 safety in intelligent driving**, marking a significant step towards practical applications of quantum technology in this field [1]. Individual Stock Insights - The company highlights **Hexin** as a stock to watch, indicating that it is expected to see developments soon, and suggests that the negative impacts from ST (Special Treatment) have largely been absorbed [1]. Investment Recommendations - The company recommends investing in the following stocks: - **Guodun Quantum** - **Hexin Instruments** - **Guoxin Technology** [1].

Core Viewpoint - The recent Japanese House of Representatives election resulted in a significant victory for the Liberal Democratic Party (LDP), securing 316 seats, which is over two-thirds of the total, indicating potential constitutional amendments in the long term, while short-term economic policies remain the priority [1][2]. Election Results - The LDP achieved 316 seats, up from 198, representing approximately 68% of the total 465 seats, marking the largest single-party representation since 1945 [1]. - The Komeito party, part of the ruling coalition, gained 36 seats, while the largest opposition party, the Constitutional Democratic Party, saw a significant drop to 49 seats from 167 [1]. - The National Democratic Party maintained its seat count at 28, and the Future Team party made a notable breakthrough with 11 seats [1]. Constitutional Amendment Possibility - The current political landscape allows for a potential constitutional amendment, as parties supporting such changes hold over two-thirds of the seats in both houses of parliament [2]. - However, the focus will likely remain on economic policies in the short term, as public concern centers around inflation and purchasing power [2]. Economic Policy Focus - The LDP's election manifesto emphasizes crisis management investments across various sectors, including technology, energy, and healthcare, aiming to enhance national resilience and competitiveness [2][3]. - Specific strategies include promoting Japan as a technology powerhouse, reducing dependency on specific countries, and ensuring supply chain security for critical resources [3]. Energy Security Measures - The manifesto outlines plans to restart nuclear power plants and maximize the use of renewable energy sources, aiming for a more diversified and self-sufficient energy structure [4]. - It also includes measures to regulate solar energy projects to balance development with local community and environmental needs [4]. Fiscal Responsibility - The LDP aims to achieve strong economic growth through bold investments while ensuring fiscal sustainability, with plans to reduce government debt as a percentage of GDP [4]. Market Impact - The election outcome is expected to lead to a significant rise in Japanese stocks, with the Nikkei index potentially surpassing 56,000 points [5]. - Japanese bond yields may rise in an orderly manner, with the LDP's victory suggesting a focus on responsible fiscal policies [6]. - The impact on U.S. Treasury yields is expected to be minimal, as Japan's holdings of U.S. debt are relatively small [7]. - There may be foreign exchange interventions if the yen depreciates excessively, with potential intervention levels around 158-160 yen per dollar [8]. - Global market sentiment may improve as a result of the election, reducing downward risks to capital prices [8]. Political Dynamics - Despite the LDP's strong position, concerns exist regarding the potential for overreach in policy implementation, drawing parallels to past political disappointments in Japan [9]. - Ongoing monitoring of cabinet approval ratings and financial market reactions will be crucial in shaping future policies [10].

（来源：经济日报） 谈及撰文初衷，瑟德霍尔姆说，如果欧洲希望保持全球科研竞争力，就不能自我孤立，否则将放慢自身 创新步伐，欧洲必须保持开放，与包括中国在内的各国开展科研与学术交流合作。 转自：经济日报 瑞典皇家理工学院校长安德斯·瑟德霍尔姆近日接受新华社记者专访时表示，中国高校发展迅速，科研 创新动能强劲，包括瑞典在内的欧洲国家与中国加强科研和学术合作至关重要。 2025年10月，瑟德霍尔姆与另外三所瑞典高校的负责人一道访问中国多所高校及科研机构。他说，此行 旨在亲身了解中国高校如何组织推进科研创新，并探索双方如何在科研与学术领域进一步开展互利合 作。 "这次访问给我们带来了宝贵启发，也提出了若干具体合作设想。"瑟德霍尔姆说，中国高校的发展速度 和科研创新活力给他留下深刻印象。 他说，从科研数据来看，中国的科研产出和论文引用影响力持续提升，并在若干关键领域走在世界前 列。从实地考察中可以看到，中国的科研环境良好、资金保障充足、布局重点明确，不仅目标宏大，也 强调将科学进步转化为现实应用与社会效益。 2025年6月，瑟德霍尔姆与另外三所瑞典高校负责人在瑞典媒体《瑞典日报》上联合发表署名文章，呼 吁瑞典高校加强与 ...

新华财经斯德哥尔摩2月8日电（记者朱昊晨徐谦）瑞典皇家理工学院校长安德斯·瑟德霍尔姆近日接受 新华社记者专访时表示，中国高校发展迅速，科研创新动能强劲，包括瑞典在内的欧洲国家与中国加强 科研和学术合作至关重要。 2025年10月，瑟德霍尔姆与另外三所瑞典高校的负责人一道访问中国多所高校及科研机构。他说，此行 旨在亲身了解中国高校如何组织推进科研创新，并探索双方如何在科研与学术领域进一步开展互利合 作。 "这次访问给我们带来了宝贵启发，也提出了若干具体合作设想。"瑟德霍尔姆说，中国高校的发展速度 和科研创新活力给他留下深刻印象。 他认为，瑞中、欧中在科研和学术领域合作空间广阔，包括携手应对气候变化、推进可持续城市建设、 发展绿色能源和新材料等方向。在这些方面，中国具有大规模科研与应用部署能力，与包括瑞典在内的 欧洲国家科研积累形成优势互补。 （文章来源：新华社） 他说，从科研数据来看，中国的科研产出和论文引用影响力持续提升，并在若干关键领域走在世界前 列。从实地考察中可以看到，中国的科研环境良好、资金保障充足、布局重点明确，不仅目标宏大，也 强调将科学进步转化为现实应用与社会效益。 2025年6月，瑟德霍尔姆与 ...

新华社斯德哥尔摩2月7日电 专访｜中国科创动能强劲 对华合作至关重要——访瑞典皇家理工学院校 长瑟德霍尔姆 新华社记者朱昊晨 徐谦 瑞典皇家理工学院校长安德斯·瑟德霍尔姆近日接受新华社记者专访时表示，中国高校发展迅速，科研 创新动能强劲，包括瑞典在内的欧洲国家与中国加强科研和学术合作至关重要。 2025年10月，瑟德霍尔姆与另外三所瑞典高校的负责人一道访问中国多所高校及科研机构。他说，此行 旨在亲身了解中国高校如何组织推进科研创新，并探索双方如何在科研与学术领域进一步开展互利合 作。 "这次访问给我们带来了宝贵启发，也提出了若干具体合作设想。"瑟德霍尔姆说，中国高校的发展速度 和科研创新活力给他留下深刻印象。 他说，从科研数据来看，中国的科研产出和论文引用影响力持续提升，并在若干关键领域走在世界前 列。从实地考察中可以看到，中国的科研环境良好、资金保障充足、布局重点明确，不仅目标宏大，也 强调将科学进步转化为现实应用与社会效益。 2025年6月，瑟德霍尔姆与另外三所瑞典高校负责人在瑞典媒体《瑞典日报》上联合发表署名文章，呼 吁瑞典高校加强与中国合作。文章指出，中国在科研方面投入巨大，在人工智能、量子技术和可再 ...