Core Viewpoint - The future of the Chinese economy lies in achieving a dual focus on "starry sea" innovation and "daily necessities" improvement, emphasizing the need for collaboration between technological self-reliance and enhancing people's livelihoods [1][4]. Group 1: Dual-Driven Approach - The "starry sea" represents future-oriented innovation leveraging China's industrial chain, engineer advantages, and market policies, while the "daily necessities" focus on improving livelihoods and boosting domestic demand [4][5]. - The "15th Five-Year Plan" aims to significantly increase the household consumption rate, reflecting the strategic importance of balancing innovation and consumption [5]. Group 2: Capital Market Role - The capital market should support both innovation and consumption, enhancing residents' consumption capacity and promoting a sustainable innovation ecosystem [6][7]. - A robust domestic demand market can provide fertile ground for technological innovation and stable profit sources, fostering a virtuous cycle of investment and returns [7]. Group 3: Market Confidence Recovery - Since September 2024, market confidence has been recovering due to a threefold awakening in policy, enterprise resilience, and capital dynamics [9]. - Policy reforms have included expansionary fiscal measures and support for consumption, signaling a commitment to development alongside security [9][10]. Group 4: Structural Reforms - Key reforms during the "15th Five-Year Plan" include deepening the construction of a unified national market and substantial social security reforms to enhance consumer potential [10][11]. - Increasing the basic pension for farmers and migrant workers could raise household consumption's share of GDP from under 40% to around 45% by 2030, creating a $10 trillion consumption market [11]. Group 5: Fiscal Transformation - The shift from "investment in material" to "investment in people" is crucial for addressing structural issues of high savings and low consumption [13][14]. - The strategy involves increasing the proportion of state-owned capital transferred to social security funds and reallocating fiscal resources from infrastructure to social welfare [14]. Group 6: Real Estate Market Stability - To stabilize the real estate market, strategies include purchasing unsold properties for affordable housing, restructuring debts of key real estate firms, and providing interest subsidies on mortgages to alleviate buyer burdens [15].

导读： 3只区域基金已与49只子基金和27个直投项目签订投资意向。 作者｜FOFWEEKLY 2025年12月26日上午，备受瞩目的国家创业投资引导基金启动仪式在国家发展改革委召开。 国家创业投资引导基金有限公司董事长霍福鹏在会上表示，今年以来，在国家发展改革委、财政部 联合推动下，在相关部门的大力支持下，引导基金筹备组与有关地方政府、央国企、金融机构等方 面密集磋商，经过一系列紧密的部署谋划，目前，国家创业投资引导基金已完成工商注册和管理制 度建设。引导基金设置"基金公司—区域基金—子基金"3层架构。 其中，区域基金是落实国家战略意图的重要载体，是实现国家资金放大、开展投资业务的功能主 体，也是推动基金承上启下运转、保障平稳高效运行的关键环节。本周一，京津冀创业投资引导基 金、长三角创业投资引导基金、粤港澳大湾区创业投资引导基金均已完成工商注册，未来三只区域 基金总规模均将超过500亿元。其中， 京津冀创业投资引导基金，由中投公司下属中金资本作为 管理团队。 京津冀区域基金将充分调动中央金融企业的积极性，做好科技金融大文章，银行、保 险、证券也将重点参与。 长三角创业投资引导基金，由国投集团下属国投创合作为 ...

本项目针对新型大冷量稀释制冷机技术开展研究，充分发挥中方在该领域的工程技术优势与外方在理论研究方面的优势，旨在通过突破大空间、大冷量稀 释制冷机的多物理场耦合设计理论与核心部件制造工艺，实现关键技术的自主可控，最终研制出性能先进的大冷量稀释制冷机示范机。 该项目的实施，将为我国极低温装备的系列化研发与产业化落地筑牢理论根基、夯实技术支撑，为量子科技等前沿领域发展注入新质生产力。据悉，该类 技术成果大规模推广应用后，未来5至10年相关市场规模有望达到百亿美元。 来源：科技日报 科技日报记者 洪敬谱 12月25日，记者从安徽大学获悉，该校牵头联合国内外知名高校、科研院所及合肥知冷低温科技有限公司共同申报的国家级课题"战略性科技创新合作项 目"——"新型大冷量稀释制冷机关键技术研究"正式获批立项。该项目总预算达2000万元，其中获中央财政专项资金支持1000万元。 当前，大规模量子计算等前沿科学研究正面临困境，极低温实验平台的技术短板成为其发展的核心瓶颈之一。现有商用稀释制冷机的实验空间与制冷功率 均触及技术极限，难以满足未来上千乃至数万量子比特芯片的散热与互联需求。在此背景下，研发具备"大实验空间、mW级大冷量" ...

Group 1 - The article emphasizes the importance of integrating education, technology, and talent development as part of the strategic planning for the next five years, as outlined in the 20th National Congress [1] - It highlights the need for a coordinated mechanism to ensure the comprehensive leadership of the Party in the reform and development of education, technology, and talent [1] - The article calls for the alignment of policies and resources to support key industries and promote collaborative talent development and research projects [1] Group 2 - The article discusses the establishment of a national strategic technology force and the implementation of major technology tasks to foster autonomous innovation and talent cultivation [2] - It stresses the importance of building high-level talent teams and promoting organized scientific research and systematic talent training [2] - The integration of technological innovation with industrial innovation is highlighted as a means to strengthen the modern industrial system [2] Group 3 - The article outlines the need for a talent cultivation model that addresses urgent and scarce talent requirements, particularly in strategic fields like AI and biotechnology [3] - It advocates for the enhancement of educational programs and the establishment of high-level research platforms to support talent development [3] - The focus is on improving the training of STEM talents and fostering collaboration between universities and enterprises [3] Group 4 - The article emphasizes the optimization of the national strategic talent system to build a strong team for technological self-reliance [4] - It discusses the identification and cultivation of high-level, multidisciplinary talents with potential as strategic scientists [4] - The article calls for mechanisms to support young talents and enhance their career development [4] Group 5 - The article proposes reforms in evaluation and incentive systems to motivate scientific personnel to engage in national development [5] - It suggests the establishment of a classification evaluation system that aligns with the nature of scientific research and talent growth [5] - The article highlights the importance of creating a supportive environment for researchers and facilitating talent mobility between academia and industry [5]

Core Insights - The report highlights the strong performance of the A-share market, with a focus on sectors such as aerospace, robotics, and general equipment, indicating potential investment opportunities in these areas [5][7][8][9][10]. - The animation film industry is experiencing significant growth, with domestic animated films accounting for nearly 50% of total box office revenue in 2025, showcasing a shift from a niche category to a major player in the film market [13][14][15]. - The automotive industry is maintaining good growth, particularly in the electric vehicle sector, with a notable increase in production and sales, indicating a robust market outlook [17][18][21]. - The semiconductor industry continues to show strong demand, driven by AI and cloud computing, with significant growth in global semiconductor sales and a positive outlook for the sector [32][33]. Domestic Market Performance - The Shanghai Composite Index closed at 3,959.62, with a slight increase of 0.47%, while the Shenzhen Component Index rose by 0.33% to 13,531.41 [3]. - The average price-to-earnings ratio for the Shanghai Composite and ChiNext indices is at 16.19 and 49.94, respectively, indicating a favorable long-term investment environment [7][8][9]. Industry Analysis Animation Film Industry - In 2025, animated films accounted for over 250 billion yuan in box office revenue, representing nearly 50% of the total market share, with top films like "Nezha 2" and "Zootopia 2" leading the charge [13][14]. - The influence of domestic animated films is on the rise, with a significant increase in box office share from 32.28% (2013-2019) to 67.59% (2019-2025) [15]. Automotive Industry - In November, the automotive sector saw production and sales reach 3.53 million and 3.43 million vehicles, respectively, marking a month-on-month increase of 5.15% and 3.22% [17]. - The penetration rate of new energy vehicles reached 53.16%, with production and sales of 1.88 million and 1.82 million units, reflecting a year-on-year growth of 20.03% and 20.59% [18][21]. Semiconductor Industry - The semiconductor industry is experiencing a robust growth cycle, with global sales increasing by 27.2% year-on-year in October 2025, driven by strong demand for AI computing hardware [32][33]. - The introduction of new models like Google's Gemini 3 is expected to reshape the competitive landscape in the AI sector, highlighting the importance of semiconductor technology in future developments [33]. Investment Recommendations - The report suggests focusing on sectors such as aerospace, robotics, and electric vehicles for short-term investment opportunities, while also highlighting the animation film industry as a growing area of interest [5][7][18]. - In the semiconductor sector, companies involved in AI and cloud computing technologies are recommended for investment due to their strong growth potential [32][33].

无锡经开区夜景 作为兼具工商底蕴与现代制造实力的城市，无锡在2024年交出了一份亮眼的产业答卷——规上工业总产 值攀升至2.66万亿元，物联网、集成电路、生物医药等千亿级产业集群持续壮大、拔节生长。药明康 德、先导智能、长电科技等龙头企业，不仅是城市产业实力的象征，更如同强大的磁极，持续吸引着产 业链、资本链和创新链上的关键要素在此汇聚、扎根，形成了"雨林式"生态。 这一切的根基，是无锡打造的"465"现代产业体系。四大地标产业集群——物联网、集成电路、生物医 药、高端装备，构成无锡面向全球竞争的"主力方阵"，是城市最鲜明的产业名片。其中无锡物联网产业 集群获评国家首批先进制造业集群，也是物联网领域唯一的国家级先进制造业集群；无锡集成电路产业 先后获批国家集成电路设计产业化基地、国家微电子高技术产业基地、国家"芯火"双创基地等，始终位 列产业发展的"第一方阵"。六大优势产业集群，涵盖高端装备、新材料、新能源、汽车零部件等领域， 如同坚实的"中坚力量"，在各领域精耕细作、厚积薄发。而前瞻布局的"5+X"未来产业，如人工智能、 量子科技、低空经济等，则如充满潜能的"新生力量"，为无锡下一轮增长积蓄战略动能。 驱动 ...

2026未来产业新材料博览会 中国未来产业崛起引领全球新材料创新发展 2026年6月10-12日 上海新国际博览中心 新材料是未来高新技术产业发展的基石和先导，新材料的突破将加速未来产业变革! 2026未来产业新材料博览会（上海） (Future Industries New Materials Expo 2026，简称" FINE 2026 ")，由 「 DT新材料 」 主办的 第十届国际碳材料产业博览 会 (Carbontech 2026)、 第七届热管理产业博览会 (iTherM 2026)和 新材料科技创新博览会 (AMTE 2026)三大展重磅升级而来，旨在打造一个以未来产业终端为 引领、立足国际视野的新材料领域标杆展会。 FINE 2026 ， 以 50,000平 展区 与 超过 300场 战 略与前沿科技报告，全景呈现应用于人工智能、智算/数据中心、具身智能、低空经济、航空航天、智能汽车、 AI消费电子、量子科技、6G、脑机接口、新能源、生物制造等产业的热门创新成果， 并重点聚焦 未来产业五大共性需求（先进半导体、先进电池、轻量化、 低碳可持续、热管理） ， 呈现从终端、部件、材料、技术装备到前 ...

格隆汇12月25日丨梦网科技(002123.SZ)在投资者互动平台表示，公司暂不涉及量子科技领域。 ...

Core Viewpoint - The article emphasizes the strategic importance of quantum technology as a key driver for future economic growth in China, as outlined in the "14th Five-Year Plan" [1][5][9]. Group 1: Quantum Technology as a Future Industry - Quantum technology is identified as the first among six future industries that will drive economic development, highlighting its critical role in the new industrial revolution [5][9]. - The unique properties of quantum, such as superposition and entanglement, enable revolutionary applications in computing, communication, and precision measurement, which are expected to lead to exponential growth in various sectors [3][7]. - The potential market size for quantum technology is projected to reach several hundred billion yuan over the next decade, with significant impacts on other industries as well [7][9]. Group 2: National Strategy and Investment - The Chinese government has made substantial investments in quantum technology since 2013, establishing a robust foundation for its development through strategic planning and resource allocation [9][11]. - The "14th Five-Year Plan" outlines a clear commitment to advancing quantum technology, with a focus on transitioning from laboratory breakthroughs to real-world applications [11][19]. - Various regions in China are developing specialized quantum technology parks and incubators to accelerate the commercialization and practical application of quantum innovations [17][19]. Group 3: Challenges and Future Directions - Despite the promising outlook, challenges remain, including high initial commercialization costs and the need for breakthroughs in key technologies [19][21]. - The government is encouraged to implement diverse policy support systems to reduce exploration costs and foster investment in quantum technology [21]. - Continued emphasis on integrating technological and industrial innovation is essential for the successful deployment of quantum applications in sectors such as healthcare, telecommunications, energy, and finance [19][21].

记者注意到，近日，国家创业投资引导基金旗下三只子基金同日完成工商登记，预示着这一"航母级"基 金即将启航。今年3月，国家发展改革委主任郑栅洁透露，将设立国家创业投资引导基金，将带动地方 资金、社会资本近1万亿元，聚焦硬科技、坚持长周期、提高容错率，通过市场化方式投向科技型企 业。对此，业内人士及专家表示，设立"航母级"的国家创业投资引导基金，将极大助力中国"硬科技"企 业加速孵化和成长。 12月25日下午，国家发展改革委发布预告：国家发展改革委专题新闻发布会即将召开，介绍国家创业投 资引导基金有关工作。 投资方向锚定未来产业制高点 近日，国家创业投资引导基金旗下三只子基金"浮出水面"，同日完成工商登记，先手落子京津冀、长三 角、粤港澳大湾区三大核心经济圈。 "国家创业投资引导基金的投向非常明确，将聚焦未来产业和产业转型升级，面向科技创新和产业创新 融合发展，推动设置人工智能+、数据要素×、智能制造等领域的产业融合创新基金，鼓励创新型企业 推动传统产业转型升级，构建现代化产业体系。"赵刚说。 记者注意到，近几年来，从中央到地方，都在助力未来产业。其中，上海、浙江、江苏、安徽、山东等 地积极推进科创金融改革试验区 ...