Core Viewpoint - Wuhan Municipal Government has released an action plan to promote high-quality development of technology finance and accelerate the establishment of a national technology finance center by 2027 [1] Group 1: Establishment of Technology Financial Institutions - The plan aims to establish over 50 specialized technology financial institutions, including technology branches, technology insurance subsidiaries, and technology financial departments by 2027 [1] - The scale of equity investment funds is expected to exceed 300 billion yuan, while loans to technology enterprises are projected to surpass 500 billion yuan [1] Group 2: Government Investment Fund Role - The plan emphasizes enhancing the guiding role of government investment funds, increasing their participation in seed funds and angel funds to over 50% [3] - Government investment funds are required to invest at least 20% of the new investment amount in seed funds, angel funds, or directly in technology innovation projects [3] Group 3: Capital Market Development - The plan proposes the establishment of "培育通" and "科融通" nodes in collaboration with Shenzhen Stock Exchange to facilitate the listing of technology enterprises [9] - It supports mergers and acquisitions by encouraging government investment funds to collaborate with listed companies and industry leaders to establish acquisition funds [9] Group 4: Technology Credit Enhancement - The plan aims to improve the technology credit service system by encouraging commercial banks to set up specialized technology financial institutions [6] - It promotes the issuance of credit loans up to 10 million yuan for technology enterprises, with government risk compensation [7] Group 5: Insurance and Risk Compensation - The plan includes the establishment of a high-level East Lake Technology Insurance Innovation Demonstration Zone to develop new technology insurance products [11] - It raises the insurance coverage limit for technology SMEs from 10 million yuan to 30 million yuan [11]

那我们现在看到的这个火箭发动机，叫作"苍穹"，是这家公司完全自主研发的首款液体燃料发动机，使用的燃料是液氧和煤油，在这发火箭上会搭载8台这 样的发动机。 其实，过去这家公司主要生产的是固体燃料火箭，并且已经实现了量产和高密度发射，而且它们生产的火箭能同时兼顾陆地、海上两种发射平台。截至目 前，这家企业已成功完成了19次运载火箭商业发射交付，将81颗不同功能的商业卫星送入预定轨道。 在很多人眼里，"造火箭"是一项尖端技术，也是一个浩大的工程。但随着一系列支持发展商业航天的政策出台，我国商用火箭行业飞速发展。这段时间，位 于安徽池州的一家商用火箭生产基地，正在对年底即将试飞的一款新型号火箭进行安装调试。 总台记者 吴俊：我现在是在这家企业的火箭总装车间，在我身后的就是代号为"智神星一号"的中大型、可重复使用的运载火箭。近期，这台火箭要进行点 火试车实验，所以目前的安装工作还是非常紧张的。咱们现在看到的，是火箭的二级推进器部分，昨天下午刚刚完成了发动机的吊装，今天正在对管路和电 气进行安装调试。整个火箭全部组装完成后，就是一个长度50米，直径3米多的庞然大物了。这款火箭目前已经完成了反推火箭方案验证、发动机可靠性试 ...

以下文章来源于RimeData 来觅数据 ，作者来觅研究院 科技金融是金融"五篇大文章"之首，主要内容是统筹运用股权、债权、保险等手段为科技型企业提供全链条、全生命周期金融服务，加强对国家重大科技 任务和科技型中小企业的金融支持，并着力投早、投小、投长期、投硬科技，助力实现高水平科技自立自强和建设科技强国。 导读： 2025年3月，国务院办公厅发布《关于做好金融"五篇大文章"的指导意见》，明确提出到2027年，科技金融、绿色金融、普惠金 融、养老金融、数字金融"五篇大文章"取得显著成效。其中，科技金融作为金融"五篇大文章"之首，是推动科技创新、培育新质生产力的关 键支撑。当前我国正加速构建与高水平科技自立自强相适应的金融体系，通过完善资本市场功能、创新金融工具等方式，引导更多资源投 向科技创新领域。科技金融经历了哪些发展阶段？银行业与股权投资如何助力科技金融？未来如何发展？本文尝试分析和探讨 。 01 科技金融演进历程 在全球科技竞争日益激烈的背景下，加快构建与高水平科技自立自强目标相适应的科技金融体制，已成为我国实现经济高质量发展和提升国家核心竞争力 的重要选择。大力发展科技金融，有助于解决科技创新过程中面 ...

本周关注点 机构调研要点 6月10日特定对象调研,线上调研,现场调研 截至2025年6月13日收盘，上海银行（601229）报收于10.4元，较上周的10.64元下跌2.26%。本周，上 海银行6月10日盘中最高价报10.78元。6月13日盘中最低价报10.37元。上海银行当前最新总市值1477.5 亿元，在城商行板块市值排名3/17，在两市A股市值排名84/5150。 问：上海银行2024年贷款和垫款不良余额和不良率实现"双降"，主要做了哪些努力？答：近三年我行不 良贷款率呈逐年下降态势，特别是2024年不良贷款率和不良贷款余额实现"双降"。一是加强不良生成管 控，2022年以来持续深化信用风险管理体系，不良资产生成率逐年下降。二是加大存量风险化解力度， 近三年每年化解规模都保持在200亿元以上。三是强化风险管理数字化转型，构建基于数据驱动的全面 和精准的风险管理体系。 问：当前银行业净息差可能继续承压，上海银行将如何应对？答：2025年预计货币政策保持稳健，市场 流动性合理充裕，随着市场利率和LPR下行，商业银行生息资产收益率将继续下降，净息差呈收窄趋 势。应对策略上，一是我行将持续推进资产负债结构改善。 ...

Group 1 - The conference focused on the deep integration of technological innovation and industrial innovation, emphasizing the importance of financial support for fostering new productive forces in the economy [1][2] - The event gathered over 200 representatives from technology innovation enterprises, financial institutions, and technology parks to discuss strategies for supporting technological innovation and industrial upgrades [2] - The conference highlighted the role of policy synergy and financial support in enhancing innovation dynamics, aiming for a seamless connection between the innovation chain and the industrial chain [2] Group 2 - The theme of the conference was "Aggregating Strengths and Wisdom to Build a New High Ground for Technology Finance," reflecting the ongoing efforts to optimize the technology finance ecosystem [1][2] - Experts at the conference discussed topics such as capital market empowerment for technological innovation and trends in emerging industries [2] - The event took place in Putuo District, which is positioned as a leader in Shanghai's transformation and upgrading, focusing on the construction of the "Yangtze River Delta Industrial Innovation Belt" [2]

Group 1 - The company will hold its second extraordinary general meeting of shareholders on June 30, 2025 [1] - The meeting will utilize a combination of on-site and online voting methods [1] - The online voting system will be provided by the Shanghai Stock Exchange, with voting available from 9:15 AM to 3:00 PM on the day of the meeting [1][2] Group 2 - The company plans to change its registered capital from RMB 3,014,978,914 to RMB 3,316,485,099 due to the conversion of convertible bonds and profit distribution [20] - The company will modify relevant clauses in its Articles of Association to reflect the change in registered capital [21] - The proposed changes will require approval from the general meeting of shareholders and the regulatory authority [21][28] Group 3 - The board of directors approved several proposals, including the mid-year profit distribution plan and the merger with Jiangsu Rudong Rongxing Village Bank [25][30] - The establishment of a new branch in Suzhou focused on technology finance was also authorized [31] - The board meeting was conducted in compliance with legal regulations, with all directors present [24]

Core Insights - The article emphasizes the role of financial services in supporting technological innovation and the development of the real economy, highlighting the initiatives taken by the Bank of China Suzhou Branch to drive growth in the technology finance sector [1] Group 1: Industry Strategy - The Bank of China Suzhou Branch has established a three-tiered institutional system for technology finance, including a "Technology Finance Center - Sub-center - Operating Branches" model, enhancing its service network [2] - The bank has implemented a customer evaluation model and special credit guidance based on the "1030" industrial system in Suzhou, achieving over 50% coverage of AI industry chain enterprises and a credit increase of nearly 2 billion yuan since the beginning of the year [2] Group 2: Comprehensive Financial Services - The bank offers a full lifecycle of financial services, including investment, loans, bonds, stocks, insurance, and leasing, to support innovation in enterprises [3] - A new direct investment fund with a target size of 2 billion yuan has been established to support early-stage, small, and hard technology enterprises [3] Group 3: Digital Transformation - The bank has integrated digital technology into its financial processes, creating a digital management platform that enhances customer service and operational efficiency [4] - The technology finance industry radar platform has recorded 6,700 visits and attracted 1,000 independent users, facilitating precise customer acquisition and efficient approval processes [4] Group 4: Support for Foreign Trade - The bank has launched a special action plan to support foreign trade, proposing 15 measures to enhance financial supply and innovation [5] - Specific loan products like "Bank of China Foreign Trade Loan" and "Bank of China Cross-border E-commerce Loan" have been introduced to meet the funding needs of small and micro-export enterprises [6]

方案指出优化政府投资基金考核评价机制。健全国有资本出资、考核、容错和退出政策机制，对国 资创业投资机构按照整个基金生命周期进行考核评价，不对单只基金或者单个项目盈亏进行考核。 建立健全以尽职合规责任豁免为核心的容错机制，如因不可抗力等因素造成投资未达预期的，予以 免责。允许种子基金、天使基金分别出现最高不超过投资总额80%、60%的亏损，根据尽责评估情 况， 种子直投、天使直投单个项目最高允许100%亏损。 更具创新性的是，方案提出政府投资基金出资的创业投资基金、产业基金，每年可将不超过10%的 新增投资用于承接全市种子基金、天使基金投资退出的项目， 且承接投资同样适用种子基金、天 使基金容错免责政策。 6月12日，武汉市人民政府办公厅印发《武汉市推动科技金融高质量发展加快建设全国科技金融中 心行动方案（2025—2027年）》。方案提出，到2027年，设立50家以上科技金融专营机构 ， 股 权投资基金规模突破3000亿元， 科技型企业贷款余额突破5000亿元，培育500家以上"金种子""银 种子"企业。 方案明确强化政府投资基金引导作用。政府投资基金参与种子基金、天使基金等创业投资基金的出 资比例提高至50 ...

二、董事会会议审议情况 证券代码：601128 证券简称：常熟银行 公告编号：2025-024 江苏常熟农村商业银行股份有限公司 第八届董事会第十二次会议决议公告 江苏常熟农村商业银行股份有限公司（以下简称"本行"）董事会及全体董 事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 本行第八届董事会第十二次会议于 2025 年 6 月 13 日以现场和视频相结合的 方式召开，会议通知及会议文件已于 2025 年 6 月 5 日发出。会议由薛文董事长 主持，会议应到董事 12 人，实到董事 12 人。部分监事和高管列席了会议，会议 符合《公司法》等法律法规及本行《章程》的有关规定。 本议案尚需提交股东大会审议。 （四）设立苏州科技支行 （一）提请股东大会授权董事会决定 2025 年中期利润分配方案 同意 12 票，反对 0 票，弃权 0 票。 本议案尚需提交股东大会审议。 （二）变更注册资本并相应修改《公司章程》有关条款 同意 12 票，反对 0 票，弃权 0 票。 具体内容详见本行同日披露在上海证券交易所网站的《常熟银行 ...

| 银行：超配（维持） | | --- | | 证券：标配（维持） | 2025 年 6 月 13 日 分析师：吴晓彤 SAC 执业证书编号： S0340524070001 电话：0769-22119302 邮箱： wuxiaotong@dgzq.com.cn 金融指数走势 金融行业双周报（2025/5/30-2025/6/12） 保险：超配（维持） 银行板块持续活跃，年内南银转债等多只银行可转债触发强赎 资料来源：东莞证券研究所，iFind 本报告的风险等级为中风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 请务必阅读末页声明。 投资要点： ◼ 证券：今年以来，证券板块整体呈现震荡调整态势，表现弱于 大盘，目前板块PB为1.40，估值处于近5年45.96%分位点。短期来看，目 前中美谈判处于真空期，政策催化不足，市场主线尚未明晰，整个大盘 缺少向上突破的驱动力。展望下半年，从外围扰动看，若后续美国关税 政策进一步缓和，有望提振全球风险偏好，为券商自营业务创造更稳定 的外部环境；政策层面，资本市场改革持续深化。政府工作报告明确提 ...