Core Viewpoint - The report by Shenwan Hongyuan outlines ten key investment opportunities during the "14th Five-Year Plan" period, focusing on future manufacturing, information, materials, energy, space, and health sectors [1][14]. Group 1: Future Manufacturing and Information - The robotics industry in China is transitioning from product definition to commercialization, with "Artificial Intelligence +" expected to empower various industries by 2026 [3][16]. - Quantum technology is highlighted as a critical future industry for forward-looking development [3][16]. Group 2: Aerospace and Low-altitude Economy - The aerospace industry is a key focus for the "14th Five-Year Plan," with the establishment of the Space Administration and a three-year action plan to promote high-quality and safe development in commercial aerospace [3][16]. - The drone and low-altitude economy sectors are rapidly forming a clustered development pattern [3][16]. Group 3: Strategic Resources and Metals - Strategic minor metals are receiving policy support, with a joint work plan from eight departments elevating resource security to a strategic level [7][20]. - A table outlines various metals and their applications across different industries, emphasizing their importance in sectors like defense, aerospace, and renewable energy [8][21]. Group 4: Future Energy - The development of controllable nuclear fusion is emphasized as a priority, with significant energy demand driving investments in nuclear power from major companies [9][22]. - The report notes the strategic cultivation of hydrogen energy within the future industrial framework [9][22]. Group 5: Future Health - China's innovative drug development has established global competitiveness in areas like ADC and cell therapy, achieving breakthroughs in both the quantity and quality of research pipelines [11][24]. - Brain-computer interface technology is advancing in clinical applications, with significant progress in medical rehabilitation as a primary commercialization scenario [13][26].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：华泰证券策略研究 上周A股继续缩量反弹。资金面，联储降息预期回暖和国内基本面定价有效性提升共振下资金面环境有 所改善，主动外资净流出规模收窄、ETF发行和申购回暖，保险风险因子下调或进一步打开险资配置权 益资产空间。景气度，近期TMT、上游资源景气改善幅度居前，关注AI链、涨价链、资本品、大众消 费品和基建链等线索。政治局及中央经济会议前政策预期或逐步升温，12月中下旬"春躁"可能提前启 动，均衡配置成长和周期，中期视角下大金融和部分高性价比消费或仍是中国资产重估的底仓选择。 核心观点 资金观察：配置型资金有回暖迹象，保险风险因子下调或带来增量 近期资金面环境有所改善：1）交易型资金边际放缓，两融余额小幅回升，融资买入额及占成交额比重 回落；私募备案数量放缓至178个，但11月环比提速，且产品发行和建仓有滞后性；2）配置型资金有回 暖迹象，新成立偏股型基金份额小幅回落，但估算普通股票型、偏股混合型基金仓位环比回升；美国 ADP就业数据强化12月降息预期，EPFR统计的主动外资净流出规模收窄；ETF近一周转为净申购，11 月底以来新 ...

Group 1: Core Insights - The funding environment has improved, with signs of recovery in allocation-type funds and a reduction in insurance risk factors potentially leading to increased equity asset allocation [2][4] - Recent trends indicate a marginal slowdown in trading funds, while private equity registrations have slowed to 178, but product issuance and positioning are expected to accelerate [2][3] Group 2: Economic Trends - The TMT sector, upstream resources, and public industries have shown significant improvement in economic sentiment over the past three months, with AI applications, price increases in commodities, and capital goods leading the way [3][4] - The construction PMI has strengthened, indicating a positive outlook for the infrastructure chain, while consumer goods such as cinema, cosmetics, and dairy products are also experiencing a recovery [3][4] Group 3: Policy Outlook - Anticipation of policy changes ahead of the December Political Bureau and Central Economic Work Conference is rising, with expectations for more proactive macro policies and a focus on expanding domestic demand [4] - Historical data suggests a higher probability of market gains leading up to the Central Economic Work Conference, particularly in sectors like consumer services and home appliances [4] Group 4: Investment Strategy - The market is currently in a phase of recovery, with potential for a "spring rally" to begin in late December, emphasizing a balanced allocation between growth and cyclical sectors [4] - Key sectors to focus on include aviation equipment, AI chains, and power equipment for growth, while non-ferrous metals and certain chemicals are highlighted for cyclical investments [4]

Core Viewpoint - The establishment of the Greater Bay Area University marks a significant step towards enhancing research capabilities in science and engineering, focusing on high-level research talent development to meet the demands of future industries [3]. Group 1: Greater Bay Area University - The university is positioned as a "small but refined, high-level research-oriented" institution, concentrating on six key fields: material science, advanced engineering, life sciences, information science and technology, natural sciences, and financial management [3]. - The first batch of undergraduate programs includes mathematics, physics, materials science and engineering, computer science and technology, and industrial engineering, allowing students to explore their interests before specializing [3]. - The university has over 300 research faculty members, all holding PhDs, including 10 academicians from home and abroad, establishing a high-level teaching team [3]. Group 2: Innovation and Collaboration - The university aims to create a "University + Collaborative Innovation Model" by integrating education with major scientific facilities, key research institutions, and leading technology enterprises to foster technological innovation and emerging industry development in the Bay Area [3]. - The university's location in Dongguan, a center for advanced manufacturing in the Guangdong-Hong Kong-Macau Greater Bay Area, positions it strategically for collaboration with local industries [3]. Group 3: Future Industry Expo - The 2026 Future Industry New Materials Expo (FINE) will focus on common needs in future industries such as robotics, automotive, drones, data centers, aerospace, AI, and new energy, featuring six major exhibition areas [1]. - The expo will include sections on lightweight, high-strength, and sustainable materials, advanced batteries, thermal management, and advanced semiconductors, showcasing innovations and facilitating transactions in new materials technology [6].

点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 《建议》提出打造新兴支柱产业，加快 新能源、新材料、航空航天、低空经济等战略性新兴产业集群发展 ，这将催生出数个万亿元级甚至更大规模的市 场； 《建议》还提出前瞻布局 未来产业 ，推动 量子科技、生物制造、氢能和核聚变能、脑机接口、具身智能、第六代移动通信等 成为新的经济增长点。这些 产业蓄势发力，未来10年新增规模相当于再造一个中国高技术产业。 那么， 什么是未来产业，具体包括哪些内容？我们应该关注哪些投资方向？本文内容如下： 一、引言 二、十大投资机会 三、未来产业全景图，包括（一）6大重点方向，（二）10大创新标志性产品。 一、引言 对比十四五规划,部分产业例如新能源汽车已成优势产业 | 专栏2 科技前沿领域政关 | 专栏4 制造业核心意争力提升 | | --- | --- | | | 01 高端新材料 | | 01 新一代人工智能 | 推动高端科士功能材料、高品质特殊钢材、高性能合金、高温合金、高纯稀有金属材料、高性能障资 | | 前沿基础理论突破,专用芯片研发,深度学习框架等开源算法平台构 | ...

未来产业，是由人工智能、新能源、空天科技、高端装备、生物技术等战略领域共同构建的新兴产业体系，代表 了科技进步的最前沿，也承载着驱动经济转型升级的核心动能。在这一进程中，新材料扮演着不可或缺的基石与引擎 角色：无论是更轻更强的结构材料、更智能的感知材料，还是更高效的能量转换材料，都是支撑未来产业发展的物质 基础和推动技术迭代、拓展应用场景、重塑产业结构的关键力量。 "新材料 创未来"2025新材料创业者大会 特邀学界、产业界与投资界领袖，聚焦未来产业核心议题，从空天装备 的主动控制与智能运维需求，到通讯基站热管理的技术突破，从灵巧操作机器人的材料机遇，到汽车智能化趋势下的 创新应用，再到人工智能与低空经济的材料驱动融合，徐徐揭开一幅更智能、更绿色、更融合的未来图景。 倒计时5天 今日解锁—— 新材料赋能未来产业平行论坛 AMEC 主持人 主持人 李陶 阳光保险融汇资本董事总经理 AMEC 主报告人一 主题： 新型尼龙树脂开发及应用 潘凯 北京化工大学教授，博士生导师 国家重点新材料研发及应用科技重大专项项目首席 先进功能高分子复合材料北京市重点实验室副主任；中国化工学会化工新材料分会专家委员等。作为项目负责人 ...

Core Insights - The Suzhou Future Industry Research Institute launched a project list focused on key technological breakthroughs and industrialization paths for future industries during the event held on December 6, 2025 [1] - The institute aims to build an innovative ecosystem integrating science, technology, engineering, products, and industry, focusing on national strategic needs such as carbon neutrality and post-Moore's law technologies [1][2] Group 1 - The Suzhou Future Industry Research Institute has implemented over 150 research projects to promote the integration of scientific research, establishment of corporate R&D centers, and transformation of technological achievements [1] - The institute has initiated critical technology projects in collaboration with leading enterprises, covering seven cutting-edge areas including high-precision wafer measurement equipment and solid-state battery technology [1] Group 2 - During the event, significant collaborations were signed, including the establishment of a future industry成果转化基金 ecosystem and the launch of the international journal "AIAgent" [2] - The institute has set a "double ten hundred" development goal for 2035, aiming to empower 100 listed companies with materials, establish over 10 independent R&D centers, and cultivate 100 pioneering enterprises, with at least 10 expected to go public [2]

● 本报记者 刘丽靓 在国企改革深化提升行动攻坚收官的关键阶段，国有资本布局优化与结构调整正加速破局。数据显示， 2025年1至11月，全国国企并购重组事件累计达265件，同比增长14.22%。从中央到地方，随着一系列 指向明确、措施精准的政策接连出台，一批重大项目密集签约落地，一场以专业化整合为主线、 向"新"而行的国资深度变革正向纵深推进，持续为构建新发展格局汇聚新动能。 提升国有资本配置运营效率 12月1日，国务院国资委主任张玉卓在《人民日报》发表署名文章提出，要加强战略性、专业化重组， 围绕强化功能使命、提升规模效益，加大力度合并"同类项"，避免重复建设和无序竞争。 在央企重组深入推进的同时，地方国企改革亦呈加速态势。知本咨询数据显示，2025年1至11月，地方 国企完成并购重组事件56件，同比增长36.59%，增速显著高于央企。 各地结合自身资源禀赋与发展阶段，探索出特色鲜明的改革路径。12月4日，湖北省国资委主任陈忠表 示，坚持"三线并进"，强化资本运作，以战略性并购重组为重要手段，加快省属实体产业转型升级。 同日，四川省委金融办会同四川证监局联合印发《四川省推进企业上市和上市公司并购重组三年行动 ...

Core Viewpoint - The proposal from the Shanxi Provincial Committee of the Communist Party emphasizes the cultivation and expansion of emerging industries and the forward-looking layout of future industries, aiming to accelerate the large-scale development of new industries and establish new pillar industries [1] Group 1: Emerging Industries - Focus on developing new energy, new materials, high-end equipment manufacturing, electronic information, modern coal chemical industry, low-altitude economy, energy conservation and environmental protection, and modern medicine [1] - Accelerate the construction of industrial chains, including strengthening and supplementing existing chains to promote the development of strategic emerging industry clusters [1] Group 2: Advanced Manufacturing - Strengthen and expand industries such as rail transportation, intelligent coal machinery, engineering machinery, new energy heavy trucks, optoelectronic equipment, new energy equipment, power equipment, high-end casting and forging, aerospace, low-altitude equipment, and robotics [1] - Implement industrial innovation projects to advance the construction of innovation facilities, technology research and development, and product iteration upgrades [1] Group 3: Future Industries - Proactively layout future industries such as quantum technology, biological manufacturing, green hydrogen energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communication [1] - Gradually establish a number of pilot zones for future industries [1] Group 4: Industrial Ecosystem and Investment - Innovate regulatory methods, develop venture capital, and establish mechanisms for growth and risk-sharing in future industry investments [1] - Strengthen the reconstruction of industrial foundations to enhance the resilience and safety level of the industrial system [1]

人民财讯12月5日电，中共湖北省委关于制定全省国民经济和社会发展第十五个五年规划的建议发布， 其中提到，加快未来产业前瞻布局。深刻把握国家战略导向和经济社会发展潜在需求，重点围绕未来制 造、未来信息、未来材料、未来健康、未来能源等主攻方向，探索多元技术路线、典型应用场景、可行 商业模式、市场监管规则。着力在具身智能、第六代移动通信(6G)、高端芯片、量子科技、脑机接口、 合成生物、基因和细胞治疗、氢能与核聚变能等领域抢占新赛道，培育新的经济增长点。建立未来产业 投入增长和风险分担机制，发挥政府投资基金与国资基金作用，引导社会资本参与未来技术创新和产业 化落地。引导各地聚焦优势领域，合理规划、优选培育未来产业细分赛道，建设一批未来产业先导区。 ...