智通财经6月26日电，市场全天冲高回落，创业板指领跌。沪深两市全天成交额1.58万亿，较上个交易 日缩量196亿。盘面上，市场热点较为杂乱，个股跌多涨少，全市场超3600只个股下跌。从板块来看， 军工股一度冲高，万里马等10余股涨停。银行股逆势走强，工商银行等11只银行股再创历史新高。稳定 币、区块链概念股持续活跃，京北方等涨停。下跌方面，创新药概念股展开调整，荣昌生物跌超10%。 板块方面，军工装备、跨境支付、银行、油气等板块涨幅居前，光刻机、脑机接口、创新药、半导体等 板块跌幅居前。截至收盘，沪指跌0.22%，深成指跌0.48%，创业板指跌0.66%。 收评：创业板指冲高回落跌0.66% 10余只银行股再创历史新高 ...

近年来，人工智能领域每隔一段时间就会出现一个突破性进展。技术层面，通用人工智能 （AGI）、量子计算与脑机接口等领域已无现成经验可循，人类正在踏入一个个科技领域的"无人 区"。产业层面，人工智能在不同场景下与不同技术的结合，正在为人类的未来带来无穷想象。而 技术狂飙下，人类与人工智能的关系应当如何调整？《两说》以"探索AI'无人区'"为题，推出一组 系列对谈，邀请资深嘉宾，就人工智能发展过程中的热点问题进行深入探讨。 本期节目，由第一财经主持人张媛对话2013年诺贝尔化学奖获得者、斯坦福大学结构生物学系 终身教授、复旦大学复杂体系多尺度研究院荣誉院长迈克尔·莱维特。在这位计算生物学家眼中， 地球上存在的三种智能是如何相互影响的？生物智能对人类有怎样的启示？机器智能（人工智能） 带来哪些颠覆性变革？面对生物智能和机器智能，人类智能的独特价值是什么？莱维特教授将从跨 学科的视角分享他的观点和洞察。 0 1 生物智能的深刻启示 迈克尔·莱维特是计算生物学领域的专家，研究横跨生物学、物理学、化学、计算科学等多个学科，为 当今世界的科研和创新提供了独特视角，也因此获得诺贝尔化学奖。在这位计算生物学家眼中，地球上存 在三 ...

Core Insights - Yan Mountain Technology (002195) and Shanghai Lingang (600848) Sinan Life Technology have signed a strategic cooperation agreement to focus on brain-computer interface and brain disease sectors [1] - The collaboration aims to create a shared platform for EEG data and analysis algorithms, promoting innovation and clinical application in brain-computer interfaces and neural regulation technologies [1] - A joint laboratory, "Yan Si Sinan Brain Science Laboratory," will be established in the Shanghai Hongqiao Brain-Computer Interface Industrial Cluster to develop a comprehensive technology innovation system [1] Company Overview - Yan Mountain Technology operates in the field of artificial intelligence and is expanding its capabilities through strategic partnerships [1] - Shanghai Lingang Sinan is a specialized operational entity in the Shanghai Brain-Computer Interface Industrial Cluster, focusing on brain-computer interfaces, neural regulation, brain imaging technologies, and neuro-rehabilitation [1] Industry Context - The partnership is positioned within the emerging industry of brain-computer interfaces, which is expected to see significant growth and innovation [1] - The establishment of a collaborative laboratory indicates a trend towards integrated technological development across data, algorithms, hardware, and systems in the neuroscience sector [1]

2025年夏季达沃斯论坛6月24日到26日在天津举行。论坛期间，多位跨国企业负责人表示，中国庞大的 市场和新产业新技术的快速发展，将为跨国企业在中国的发展提供源源不断的动能。与会嘉宾表示，中 国拥有广阔的市场和强大的科研能力，这些将坚定跨国企业在中国投资的信心。随着中国在人工智能、 人形机器人等领域的快速发展，跨国企业也找到了与中国企业合作的新方向。此外，脑机接口、合成生 物等未来产业在中国的快速布局，也让跨国企业期待在相关领域能有更多合作。（央视新闻） ...

Group 1 - The core viewpoint emphasizes the importance of industrial stability and optimization in boosting consumption and ensuring supply chain efficiency [1][2] - Jinan's industrial and information technology bureau has implemented an action plan focusing on "stabilizing production, strengthening brands, and promoting consumption" to adapt to the diverse and high-quality consumption demands of residents [1][2] - From January to May, Jinan's industrial added value increased by 8.2% year-on-year, outperforming national and provincial averages by 1.9 and 0.4 percentage points respectively [2] Group 2 - The city is accelerating industrial equipment upgrades, with 41 long-term national bond projects reported in the industrial sector and 5 in the electronic information sector, totaling a financing demand of 5.67 billion yuan [2] - A total of 770 enterprises are implementing 1,004 industrial technology transformation projects, with 313 projects exceeding 100 million yuan [2] - The automotive manufacturing sector saw a significant increase, with added value growing by 37.8% and retail sales of new energy vehicles rising by 16.0% year-on-year [2] Group 3 - Jinan is focusing on creating a diverse and distinctive product matrix to meet the demands of consumption upgrades, leveraging its status as a demonstration city for the "Three Products" strategy in consumer goods [3] - The city aims to enhance the competitiveness and brand influence of consumer goods through digitalization and flexible production [3] - Notable companies like Qilu Pharmaceutical and Jincheng Pharmaceutical have been selected as typical cases for the national "Digital Three Products" application scenarios [3] Group 4 - Jinan is developing several provincial-level characteristic food industry clusters, including food and beverage processing and deep processing of agricultural products [4] - The city has established a "cosmetics industry belt" and is promoting high-end industrial parks focused on rose flower raw material development [4] Group 5 - The industrial and information technology bureau is enhancing supply-demand connections through a three-pronged approach: offline precision matching, online digital empowerment, and innovative scenario expansion [5] - The "Hundred Events, Ten Thousand Enterprises" supply-demand matching initiative has held 183 events, with 2,500 registered enterprises on the service platform [5] - The bureau is also promoting the commercialization of cutting-edge technologies such as autonomous driving and brain-computer interfaces [5][6]

Market Performance - On June 25, the A-share market experienced a significant rally, with the Shanghai Composite Index reaching a new high for the year, closing up 1.03% at 3455.97 points [1][2] - The Shenzhen Component Index rose by 1.72% to 10393.72 points, while the ChiNext Index increased by 3.11% to 2128.39 points [1][2] - The total trading volume in the Shanghai and Shenzhen markets was 1.6 trillion yuan, an increase of 188.2 billion yuan compared to the previous trading day [1] Sector Performance - Key sectors that saw gains included military, securities, internet finance, and insurance, while sectors such as oil and gas, pesticides, film, and ports experienced declines [1] International Market Overview - In the U.S. market, the Dow Jones Industrial Average fell by 0.25% to 42982.43 points, while the Nasdaq Composite Index rose by 0.31% to 19973.55 points [2] - European markets also saw declines, with the FTSE 100 down 0.46%, the CAC 40 down 0.76%, and the DAX down 0.61% [2] Commodity Prices - International oil prices increased, with WTI crude oil rising by 0.85% to $64.92 per barrel and Brent crude oil up by 0.80% to $67.68 per barrel [3] Technology Developments - Xiaomi is set to launch its first AI glasses on June 26, alongside other products, indicating a push into the personal smart device market [4][5] - The brain-computer interface (BCI) technology is gaining traction, with new national standards being proposed for non-invasive medical devices, suggesting a growing market for BCI applications in healthcare and beyond [6] Strategic Initiatives - Shanghai's marine industry development plan aims to create a world-class marine innovation ecosystem, focusing on shipbuilding and marine engineering [7][8] - China is leading the development of the world's first international standard for quantum-resistant network security protocols, highlighting its commitment to advancing cybersecurity [9] Local Policy Changes - Shenzhen is gradually easing restrictions on cross-border delivery and service trade, aiming to enhance service consumption and attract foreign investment [10] Industry Insights - The tea beverage sector is experiencing a correction, with major companies seeing stock price declines, but the long-term growth potential remains strong due to market dynamics [11] - The pharmaceutical and CXO sectors are expected to benefit from policy support and innovation, with a focus on companies with strong commercialization capabilities [11]

Group 1: Brain-Computer Interface Standards - The National Standard for Non-Invasive Medical Devices Using Brain-Computer Interface Technology is open for public consultation, aiming to establish performance indicators and testing methods for such devices [1] - The standardization is expected to enhance international cooperation and improve regulatory efficiency, addressing the rapid development in the non-invasive neural modulation sector [1] Group 2: Pharmaceutical Industry Innovation - The head of the National Medical Products Administration emphasized the importance of supporting drug and medical device R&D innovation to strengthen China's pharmaceutical industry [2] - Key strategies include early intervention, tailored guidance for enterprises, and promoting international multi-center clinical trials to synchronize the development and approval of innovative drugs and devices [2][3] Group 3: Clinical Trials and Approvals - Shenzhou Cell announced that its product SCTB39G received approval for clinical trials in advanced solid tumors [4] - Hanyu Pharmaceutical's subsidiary received approval for the listing of the raw material drug Acetate Degarelix, which is used for treating advanced prostate cancer [6] Group 4: Market Expansion and IPOs - Kangzhe Pharmaceutical plans a secondary listing in Singapore, reflecting a trend of pharmaceutical companies expanding into Southeast Asian markets [7] - Lianya Pharmaceutical's IPO application has been accepted, focusing on complex drug formulations and high-end generic drugs [9] Group 5: Strategic Collaborations - Bayer and Tsinghua University signed a strategic cooperation agreement to enhance research in various medical fields, aiming to accelerate drug innovation [11][12] Group 6: Clinical Trial Developments - Fuhong Hanlin announced the first patient enrollment in a bridging clinical trial for its drug H, which is approved for first-line treatment of small cell lung cancer in multiple countries [13] Group 7: Corporate Leadership Changes - Fosun Pharma held a shareholder meeting to elect new board members, appointing Chen Yuqing as chairman and Liu Yi as CEO [14]

Group 1 - The National Development and Reform Commission (NDRC) will hold a press conference on June 26 to discuss key work in the business sector [4] - The Shanghai Marine Industry Development Plan (2025-2035) draft aims to build a world-class shipbuilding and marine engineering equipment industry cluster, targeting an industry added value exceeding 45 billion by 2030 [4] - Shenzhen's Commerce Bureau has issued measures to promote high-quality service consumption, including expanding foreign investment in biotechnology and healthcare sectors [4] Group 2 - President Trump expressed hope that China would purchase a significant amount of U.S. crude oil, while the White House clarified that sanctions on Iran remain unchanged [5] - Nvidia's stock rose over 4%, reaching a market capitalization of $3.77 trillion, making it the highest-valued company globally [6] - Xiaomi announced the launch of its next-generation personal smart device, the Xiaomi AI glasses, along with the pricing of the Xiaomi YU7 on June 26 [8] Group 3 - Guotai Junan International's wholly-owned subsidiary has been approved to provide virtual asset trading services [9] - Nord shares have seen a seven-day consecutive rise, with revenue from copper foil business in solid-state batteries accounting for less than 1% of total revenue [10] - Jida Zhengyuan reported normal operating conditions with no significant changes in the internal and external business environment [11] Group 4 - Tianji Technology's subsidiary has obtained patents related to lithium sulfide, and the company is advancing its industrialization [12] - Tianli Technology reported no significant changes in its operating conditions or business environment [13] - Xiangtan Electric's subsidiary is collaborating with solid-state battery companies on research and development, but has not yet generated revenue [14] Group 5 - Hailian Jinhui reported normal operating conditions with no undisclosed significant matters [15] - Funi Co., Ltd. plans to increase its shareholding in the company by 100 million to 200 million [16] - Jianghe Group's subsidiary signed a subcontract for a project in Saudi Arabia worth approximately 2.012 billion [16] Group 6 - The brain-computer interface industry is accelerating, with multiple technological breakthroughs and strong policy and capital support [18] - The global weight loss sector is rapidly developing, with several important directions emerging, such as long-acting formulations and multi-target molecules [19]

Macro Highlights - As of the end of May, the number of fixed internet broadband users with access speeds of 1000Mbps and above reached 223 million, with a net increase of 16.35 million users compared to the end of last year, accounting for 32.7% of total users [1] - The total number of fixed internet broadband users reached 682 million, with a net increase of 12.16 million users compared to the end of last year [1] - In May, national lottery sales reached 57.036 billion yuan, a year-on-year increase of 19.8%, primarily driven by increased sales of sports lottery due to numerous sporting events [1] Company News - BYD signed a cooperation agreement with voestalpine, a European steel manufacturer, for steel supply to its Hungary passenger car factory [6] - SAIC Group and CATL invested in the establishment of a power system company with a registered capital of 50 million yuan, focusing on battery sales and related services [7] - China Mobile's fund and other investors increased their stake in Seres Automotive, raising the registered capital from 10.305 billion yuan to 10.637 billion yuan [8] - DeMa Technology signed a sales contract worth 43.3888 million USD with a subsidiary of MercadoLibre for smart logistics systems [9] - Guangda Special Materials announced that it has achieved mass supply of materials for nuclear fusion superconducting coil armor [10] - ST Huamei's controlling shareholder will change to Jilin State-owned Assets Supervision and Administration Commission, with stock resuming trading on June 26 [11] - Zhongxin Saike received a dividend of 25 million yuan from its wholly-owned subsidiary [13] - Hangxiao Steel Structure signed a cooperation framework agreement for the Hongkan base project, with a planned first phase development of approximately 250 acres [13] - TuoJing Life Sciences' subsidiary obtained two medical device registration certificates [13] - Boshi Co. signed a product sales contract worth 116 million yuan with Rongsheng Petrochemical [14] - Hongjing Technology signed a 149 million yuan contract for computing power integration services [15]

Important Market News - The Federal Reserve proposed reforms to relax key capital rules for major banks, reducing the capital requirement for holding companies from 5% to a range of 3.5% to 4.5%, and for bank subsidiaries from 6% to the same range [1] - The U.S. stock market showed mixed results, with the Nasdaq up 0.31%, the S&P 500 flat, and the Dow down 0.25%. Nvidia's stock rose over 4%, reaching a market cap of $3.77 trillion, making it the highest valued company globally [1] - International gold prices increased, with spot gold rising 0.28% to $3332.10 per ounce, and COMEX gold futures up 0.37% to $3346.40 per ounce [2] Industry Insights - Shenzhen's Commerce Bureau issued measures to promote high-quality service consumption, including easing restrictions on service trade and encouraging the use of digital currency in consumption [3] - The storage market is experiencing a surge, particularly in DDR4 memory prices, driven by reduced production and increased demand from AI devices. Price increases are expected to continue into the second half of 2025 [4] - The National Medical Products Administration is seeking public opinion on standards for non-invasive medical devices using brain-computer interface technology, indicating a growing focus on this innovative field [5][6] Stock Movements - Heatgen Bio announced that a shareholder plans to reduce their stake by up to 180,000 shares, representing 1.94% of the total share capital [7] - Tianyu Co. disclosed that a major shareholder intends to reduce their holdings by up to 10.44 million shares, not exceeding 3% of the total share capital [7] - Yuxing Co. reported a plan by a significant shareholder to reduce their stake by up to 375,000 shares, accounting for 1% of the total share capital [7]