Core Insights - The 2025 China Outdoor Sports Industry Conference will be held in Dali, Yunnan, in mid to late October, focusing on three main highlights: "first-release economy," "cutting-edge technology," and "cross-industry integration" [1][2] Group 1: Conference Highlights - The conference will feature a "first-release" event to showcase new products, business models, and consumption activities aimed at driving industry growth [1] - It will gather international experts and industry representatives to discuss trends in smart products and tools, emphasizing technological advancements in the outdoor sports sector [1] - The event aims to explore innovative integrations between outdoor sports and sectors such as finance, media, and cultural trends, addressing industry pain points [1] Group 2: Activities and Engagement - The main activities will revolve around themes such as outdoor sports culture dissemination, market marketing, and financial support for high-quality industry development [2] - The conference will include various specialized activities focusing on hot topics in outdoor sports and international cooperation [2] - Dali will host events like the China Wan Shui Qian Fan Race and Dali Hiking, enhancing the conference's brand influence and outreach [2]

Core Insights - The 2025 China Outdoor Sports Industry Conference will be held in Dali, Yunnan, in mid-October, marking a new phase in the preparation process [1][2] - The conference aims to enhance brand influence, promote high-quality development of the sports industry, and integrate sports into the national economic development framework [2][4] Group 1: Conference Highlights - The conference will focus on three main themes: "Launch Economy," "Technology Outdoors," and "Cross-Industry Integration," with activities including a "launch debut" event to showcase new products and consumption forms [2][4] - The opening ceremony will feature an outdoor setting that combines ethnic cultural elements with cutting-edge technology, presenting the latest developments in the outdoor sports industry [4][5] Group 2: Regional Development and Support - Yunnan Province will leverage its outdoor resources to create a development hub in the "Great Shangri-La" area and promote outdoor sports as a bridge for openness along the Belt and Road Initiative [3] - Dali, recognized as a year-round outdoor sports city, is enhancing its infrastructure and service capabilities to ensure a successful conference and promote high-quality outdoor sports tourism [3][5] Group 3: Event Structure and Activities - The conference will include five innovative activity segments aimed at exploring new paths for the integration of outdoor sports with finance, media, and national trends [4][5] - Major events will feature four national-level competitions, including the Dali Ring Erhai Lake Cycling Race and the Dali Hiking Event, expected to attract nearly 10,000 participants [5]

每经评论员 李宇彤 7月9日至11日，香港特区行政长官李家超一连3天与特首顾问团举行午餐会，三位新成员悉数亮相，其 中包括"杭州六小龙"中两家企业的代表——强脑科技创始人韩璧丞以及宇树科技创始人王兴兴。而就在 不久前，同为大模型创业公司的零一万物CEO、创新工场董事长李开复博士，也再次当选特首顾问 团"创新与创业"顾问。 笔者认为，特首顾问团出现的这些"新面孔"，既充分体现了香港对科技创新的迫切渴求，也清晰展现出 香港积极引入内地前沿科技力量、加速两地科创资源整合的坚定决心。而这一切，在之前已有端倪。早 在今年4月，李家超率领香港特区政府代表团访问浙江，访问期间就专程考察了宇树科技与强脑科技等 企业。 香港特首顾问团的这一系列人事安排，背后与两方面因素密切相关。 一方面，2025年以来，前沿科技发展势头迅猛。以宇树科技等为代表的中国具身智能、大模型等产业， 不仅在国内市场崭露头角，在国际舞台上的声量也大大提高。7月11日，宇树科技凭借机器人运动控 制、高性能关节电机等核心技术以及全球化的知识产权策略，斩获世界知识产权组织（WIPO）全球 奖，成为本届10个全球奖获奖者中唯一的中国代表，这正是其国际影响力提升的 ...

Core Viewpoint - Donghu Gaoxin is accelerating its strategic transformation after divesting its core construction business, focusing on emerging industries and optimizing its industrial ecosystem through new investment funds [1][4]. Group 1: Fund Establishment - Donghu Gaoxin, along with its wholly-owned subsidiary and partners, has established the Donggao Frontier Phase II Fund with a total scale of 500 million yuan, in which the company contributes 245 million yuan, accounting for 49% [2][3]. - The fund will primarily invest in high-quality enterprises in intelligent manufacturing, integrated circuits, and other technology-intensive industries, aiming to enhance the operational model of its park operations [1][2]. Group 2: Business Transition - Following the divestiture of its construction business, Donghu Gaoxin has shifted its focus to environmental technology and park operations, while also exploring high-tech and strategic emerging industries [1][4]. - The company reported a significant decline in revenue and net profit for 2024, with total revenue of 3.367 billion yuan, down 77.05% year-on-year, and a net profit of 528 million yuan, down 51.07% year-on-year [5][6]. Group 3: New Business Development - In response to the need for new growth avenues, Donghu Gaoxin established a wholly-owned subsidiary for digital technology development with an investment of 2 billion yuan, marking its entry into the digital economy sector [6]. - The company’s revenue from its three main business segments in 2024 was 2.043 billion yuan from environmental technology, 1.301 billion yuan from park operations, and 23 million yuan from digital technology, with the latter showing a gross margin exceeding 50% [6].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has introduced six reform measures to enhance the inclusiveness and adaptability of the system for high-quality technology enterprises on the Sci-Tech Innovation Board, particularly focusing on emerging sectors like artificial intelligence, commercial aerospace, and low-altitude economy [1] Group 1: Reform Measures - The introduction of a pilot program for seasoned professional institutional investors for companies eligible under the fifth listing standard on the Sci-Tech Innovation Board [1] - A trial mechanism for pre-IPO review aimed at high-quality technology enterprises to improve the efficiency of pre-communication services by the stock exchange [1] - Expansion of the applicability of the fifth listing standard to support more enterprises in cutting-edge technology fields such as artificial intelligence, commercial aerospace, and low-altitude economy [1] Group 2: Support for Enterprises - Support for unprofitable technology enterprises under review to conduct capital increases and share expansions targeting existing shareholders [1] - Improvement of the institutional mechanisms supporting the development of listed companies on the Sci-Tech Innovation Board [1] - Enhancement of the market functions to coordinate investment and financing on the Sci-Tech Innovation Board [1]

Group 1 - The 2025 Yangpu Global Promotion Conference showcased cutting-edge technology products, attracting significant attention from attendees [1] - Featured products included a vertical take-off and landing fixed-wing drone with a wingspan of 6.3 meters, capable of carrying 30 kilograms, with a flight range of 700 kilometers and a 6-hour endurance [1] - Other innovations included a waist exoskeleton robot designed to prevent worker injuries, an AI product combining hearing aids and AR glasses for the hearing impaired, and various advanced robotics and chips from local enterprises [1] Group 2 - Yangpu District is supportive of technology companies, providing substantial assistance and promotion for enterprises [2] - The conference introduced 14 riverside plots covering approximately 34 hectares, along with two premium plots in the Wujiaochang sub-center, totaling around 9 hectares, inviting global investors [2] - The district launched InnoMatch, a global innovation element supply chain platform, in collaboration with the National Technology Transfer Eastern Center [2]

Group 1: Fund Establishment and Capital Raising - Kaide Investment has established its first onshore mother fund in China with a total commitment of 5 billion RMB, expected to contribute 20 billion RMB to its asset management scale [2] - Xiangfeng Investment has successfully raised over 500 million RMB for its second angel fund, focusing on innovative technology and medical technology [3] - Lighthouse Capital has launched the Lighthouse Founders' Fund, raising at least 50 million USD for early-stage investments in AI and frontier technology [4] - Hong Kong Investment Management Company has announced multiple collaborations to establish funds aimed at promoting technology innovation and supporting Chinese entrepreneurs [5][6] Group 2: Investment Trends and Focus Areas - The investment direction of Kaide Investment reflects a strong interest in high-quality real estate in China, targeting stable cash flow and long-term appreciation potential [2] - Xiangfeng Investment's focus on early-stage technology investments indicates a maturing ecosystem in China's tech investment landscape, driven by policy support and improved exit channels [3] - The establishment of the Lighthouse Founders' Fund highlights the growing interest in AI and frontier technology, attracting non-traditional early-stage investors [4] - The collaboration of Hong Kong Investment Management Company with various partners aims to create a multi-layered technology investment matrix, enhancing Hong Kong's role as an international venture capital hub [5][6] Group 3: Notable Investments - Mianbi Intelligent has completed a financing round with participation from Moutai Fund and other investors, focusing on edge AI models [7] - Tencent has led a new financing round for ZhiYuan Robotics, which has developed a full-stack technology for humanoid robots, indicating strong interest from cross-industry capital [8] - The cross-border e-commerce company "Kagu E-commerce" has raised 650 million JPY (approximately 30 million RMB) in its A round, focusing on integrating Chinese furniture supply chains for the Japanese market [9]

Core Viewpoint - The "Finding Venture Capital Golden Eagle, Discovering New Seed Enterprises" initiative organized by Securities Times has entered the online voting phase, allowing industry experts and the public to evaluate outstanding enterprises and investment institutions in the new economy sector [1]. Group 1: Event Overview - The initiative received over 350 applications from venture capital institutions and entrepreneurial enterprises, marking a record high [1]. - New awards such as "Annual M&A Investment Case" and "Annual Early-stage Investment Institution" have attracted significant interest from investment institutions [1]. - The event aims to highlight innovative and growth-oriented venture capital institutions and entrepreneurial enterprises by 2025 [1]. Group 2: Voting Details - The online voting period is from May 26 to May 30, 2025 [2]. - Voting is available for six specific awards related to various industries and two awards for entrepreneurial enterprises [1]. - Voting can be conducted via the Securities Times website on both computer and mobile platforms [4]. Group 3: Voting Rules - Candidates are listed in alphabetical order based on pinyin initials [3]. - Each user can cast a maximum of 10 votes per day on the computer and an additional 20 votes on mobile [5]. - The voting data will be strictly monitored to ensure accuracy and authority [6]. - Online voting accounts for 15% of the total scoring weight [7].

（原标题：为中国科创先锋"打Call"！2025"金鹰""新苗"投票启动！） 历经一个多月的筹备，由证券时报社主办的"寻找创投金鹰 发掘企业新苗"行动计划来到了网络投票阶 段！即日起的一周时间内，入围的优秀企业与创投机构将接受行业专家与公众的双重检阅，共同见证新 经济领域标杆力量的崛起。 据本届活动组委会统计，截至报名结束，共收到超350家创投机构和创业企业的申报，数量创出新高。 其中，部分奖项报名者数量过百，角逐相当激烈。在政策大力推动并购重组、鼓励投资机构"投早投 小"的背景下，今年新设的"年度并购投资案例"、"年度早期投资机构"等热门奖项，同样吸引了不少投 资机构的申报。 4、此次投票数据统计将在主办单位严格监督下进行，确保准确性与权威性。 5、网络投票占评分权重为15%。 作为人民日报社主管主办的主流财经媒体，证券时报始终聚焦创投行业发展脉络。自2009年起，我们便 深耕行业价值挖掘，持续致力于发掘创投领域的优秀领航者，同时全程见证创业企业从"新苗"成长 为"参天大树"的蜕变历程。2025年，我们将延续专业视角与行业洞察力，与业界共同期待一批兼具创新 力与成长性的创投机构及创业企业崭露头角。 无论市场 ...

Core Viewpoint - The Shanghai Municipal Government Office has released opinions aimed at further deepening reform and innovation to accelerate the high-quality development of the technology service industry [1] Group 1: Focus Areas - The initiative emphasizes the development of key areas such as frontier technology, future industries, and strategic emerging industries [1] - A systematic layout mechanism is proposed, which includes "future industry funds + high-quality incubators + concept validation centers + agglomeration areas" [1] Group 2: Objectives - The goal is to enhance the role of concept validation in promoting the development of future industries [1]