本周硬科技领域投融资重要消息包括：央行：将科技创新和技术改造贷款额度增加至1.2万亿元；上 海：到2027年高级别自动驾驶应用场景实现规模化落地；核聚变公司超磁新能获数亿元天使轮融资。 》》政策 央行：将科技创新和技术改造贷款额度从8000亿元增加至1.2万亿元 央行副行长邹澜表示，增加科技创新和技术改造再贷款额度，并扩大支持范围，将科技创新和技术改造 贷款额度从8,000亿元增加4,000亿元至1.2万亿元，并将研发投资水平较高的民营中小企业纳入支持领 域。 工信部印发《推动工业互联网平台高质量发展行动方案（2026—2028年）》 工业和信息化部印发《推动工业互联网平台高质量发展行动方案（2026—2028年）》。方案指出，到 2028年，工业互联网平台高质量发展取得积极成效，"专业型+行业型+协作型"多层次平台体系持续壮 大，具有一定影响力的平台超450家；平台的要素资源连接能力大幅增强，重点平台的数据增值、模型 沉淀和人工智能开发应用能力显著提升，工业设备连接数突破1.2亿台（套）；平台普及率达到55%以 上，基本建成泛在互联、数智融合、深度协同、开源开放的新一代工业互联网平台生态。 上海：到2027 ...

Group 1 - The core viewpoint emphasizes the acceleration of technology transfer from laboratories to production lines in Hebei Province, driven by innovation and new productivity requirements during the 14th Five-Year Plan period [1][2] - Over the past five years, Hebei has established 113 "Science and Innovation Hebei" technology service teams, conducting over 400 service activities across various cities, counties, and enterprises [1] - The province has built 300 doctoral innovation stations, collected over 1,000 technical demands from enterprises, and promoted more than 100 doctoral achievements [1] Group 2 - The establishment of the Hebei Bearing Association marks a significant step in targeting county-level characteristic industrial clusters, aiming to create an innovation highland for the bearing industry in Linxi County within three years [2] - The provincial science association plans to implement a special action to support 107 county-level characteristic industrial clusters, utilizing a mechanism that connects enterprises, academic societies, and experts to address industrial challenges [2] - Since 2022, Hebei has formed a science spirit promotion team, conducting numerous outreach activities to foster a culture that values science and talent, reaching over 20,000 attendees [2] Group 3 - The province has made strides in popularizing science, with mobile science museums conducting 192 exhibitions and serving over 10 million people, while science outreach vehicles have traveled 116,000 kilometers, directly serving 1.146 million people [3] - A total of 48 national and 504 provincial science education bases have been established, creating a comprehensive network for science popularization [3] - The number of activities during National Science Day has reached 15,000, with a steady annual increase in participation [3]

（来源：千龙网） 记者日前从房山区两会上了解到，"坚持创新驱动育新机，全力激发良乡大学城澎湃动能"是房山区2026 年八项重点工作之一。目前，良乡大学城已汇集北京理工大学、中国社会科学院大学、北京中医药大 学、北京工商大学、首都师范大学、北京石油化工学院，在校师生规模扩容约6.3万人，已推动25项科 技成果就地转化，北京工业大学房山新校区也已开工。 深化校地协同的同时，房山区还高标准建设了24个中小试基地，启动运行了4个大学城科技园专业分 园，基本构建起科技创新与产业创新的融合发展格局。值得一提的是，房山区还成功获批教育部全国高 校绿色能源区域技术转移转化中心（北京），为推动区域主导产业发展提供了关键支撑。 房山区如何与良乡大学城高校携手实现"人才共育、产业共兴、创新共赢"的良性循环？记者了解到，房 山区协同驻区高校、科研院所及骨干企业，共同建设了产教融合共同体，通过上线"新生畅享计划"共享 课程等方式，促进教育链、人才链与产业链、创新链的有机衔接。另一方面，为激发青年人才的创新创 业活力，房山区着力优化人才服务保障，通过举办"三源聚才 智启房山"招才引智等活动，创新推出"床 位、工位、展位"三位一体服务模式 ...

截至2026年1月16日收盘，艾迪药业（688488）报收于21.6元，较上周的17.68元上涨22.17%。本周，艾 迪药业1月16日盘中最高价报22.11元，股价触及近一年最高点。1月12日盘中最低价报16.73元。艾迪药 业当前最新总市值90.89亿元，在生物制品板块市值排名34/51，在两市A股市值排名2211/5183。 本周关注点 交易信息汇总 艾迪药业（688488）因有价格涨跌幅限制的日收盘价格涨幅达到15%于2026年1月14日登上沪深交易所 龙虎榜，为近5个交易日内首次上榜。 江苏艾迪药业集团股份有限公司、副总裁王广蓉、俞克因未依法履行其他职责，以及公司、王广蓉、非 独立董事刘艳因信息披露违规，均被上海证券交易所采取监管措施。 公司公告汇总 艾迪药业于2026年1月13日召开第三届董事会第十一次会议，审议通过公司符合以简易程序向特定对象 发行A股股票条件的议案，并逐项通过2026年度发行方案。本次发行募集资金总额不超过18,500.00万 元，拟用于收购南大药业22.2324%股权及补充流动资金。董事会同时审议通过发行预案、论证分析报 告、募集资金使用可行性报告等议案，并决定终止2024年 ...

Group 1 - Jiangsu Province's Science and Technology Department announced the first batch of high-tech enterprises for 2025, with 100 companies from Huai'an recognized, indicating significant progress in cultivating technology innovation entities in the region [2] - Huai'an has been actively strengthening the cultivation of technology enterprises, implementing strategies for leading technology enterprises, high-tech enterprises, and incubating technology-based SMEs, which contributes to high-quality economic development [2] Group 2 - Jiangsu Yuefeng Crystal Technology Co., Ltd. is a representative enterprise in Huai'an, utilizing the latest ultra-thin wall technology and special materials, breaking Europe's long-standing technological monopoly, with over 200 product types and 2,300 designs, ranking first in production capacity in China and among the top three globally [4] - The company invests 5% of its sales revenue annually in R&D and holds over 30 national patents, showcasing its commitment to innovation and international market expansion [4] - Local government provides substantial policy support in funding, labor, and technological innovation, facilitating the company's growth and technological advancements [4] Group 3 - Jiangsu Weibo Hydraulic Co., Ltd. has accumulated six invention patents and 27 utility model patents, receiving multiple awards, including the 2025 Mechanical Industry Science and Technology Progress Award [5] - The company collaborates with several universities for R&D projects, receiving over 60 million yuan in various subsidies and enjoying favorable tax policies [5] - Huai'an aims to establish itself as a significant industrial technology innovation hub in the northern Yangtze River Delta, focusing on the integration of technological and industrial innovation [5]

Group 1 - International financial institutions are optimistic about the fundamentals of the Chinese economy and the performance of Chinese assets, expecting a systematic increase in the weight of Chinese assets in global investment portfolios [1][2] - UBS reports a significant increase in the participation of international long-term funds as cornerstone or core institutional investors in recent Hong Kong IPOs and refinancing projects, indicating a shift towards more proactive and long-term investment strategies in China [1] - The total annual amount of mergers and acquisitions involving foreign capital in China has reached 60 billion RMB, marking a 10-year high, as foreign capital becomes more active in the Chinese capital market [1] Group 2 - The consensus among overseas investors is that "Chinese assets are unavoidable," driven by the resilience of the Chinese economy and strong potential for technological innovation [2] - The structural changes in the fundamentals of Chinese enterprises are shifting their operational logic from "scale first" to focusing on profitability quality, technological barriers, long-term value, and innovation [2] - HSBC's 2026 outlook report indicates that with a focus on boosting domestic demand and ongoing structural reforms, China's economy is expected to maintain steady growth, with innovation becoming a core advantage attracting foreign investment [3]

Core Viewpoint - Inner Mongolia aims to enhance its fiscal work in 2023 through seven strategic focuses, emphasizing support for national strategies, consumption, investment, modern industry, and social welfare [1][2]. Group 1: Strategic Focuses - The fiscal system will align with national strategies, supporting the construction of "two barriers," "two bases," and "one bridgehead" to strengthen the sense of a shared Chinese national community [1]. - There will be a focus on promoting consumption and expanding investment, with fiscal support for actions aimed at boosting consumption and effective investment, while ensuring compliance with national market construction requirements [1]. - The development of a modern industrial system will be prioritized, with fiscal support for technological and industrial innovation, as well as infrastructure improvements to foster the growth of advantageous and characteristic industries [1]. Group 2: Social Welfare and Risk Management - The fiscal system will work towards enhancing social welfare, focusing on education, healthcare, and employment to promote common prosperity [1]. - A comprehensive risk prevention system will be established, with a commitment to safeguarding basic livelihoods, salaries, and operational stability while prohibiting new hidden debts [2]. - Fiscal reforms will be implemented to improve management efficiency, including zero-based budgeting reforms and enhanced lifecycle management of bond funds [2]. Group 3: Financial Discipline and Oversight - The fiscal system will emphasize strict financial discipline to ensure the successful implementation of major national strategies, with increased scrutiny and accountability for financial misconduct [2].

Group 1 - Zhejiang aims to achieve an artificial intelligence core industry revenue of 680 billion yuan by 2025, with a year-on-year growth of over 20% [1] - The province plans to invest over 700 billion yuan in technological innovation, reflecting a year-on-year increase of 5.6% [1] - The government emphasizes innovation as the core productivity to seize new development opportunities amid rapid technological advancements and regional competition [1] Group 2 - Deqing County is becoming a global innovation hub in geographic information, leveraging its strong educational resources and partnerships with international organizations [3] - The integration of geographic information and artificial intelligence is a key focus for Deqing, enhancing its role as a foundational support for AI [3] Group 3 - The establishment of a large-scale public computing platform in Huangyan District marks a significant step in building a competitive ecosystem for computing power [5] - Huangyan is attracting major enterprises to collaborate on developing new strategic industry clusters, particularly in bio-based new materials [5] Group 4 - Zhejiang has seen the addition of over 6,000 high-tech enterprises and 17,600 technology-based SMEs in the past year, indicating a robust growth in innovation [7] - The formation of complementary entities like Alibaba Cloud and Zhijiang Laboratory is strengthening the foundation for AI development in the region [7] Group 5 - Challenges remain, such as low investment in basic research and insufficient corporate participation, prompting calls for a multipronged investment strategy and enhanced support policies [8] - The ongoing innovation efforts in Zhejiang are characterized by a multi-faceted approach, aiming for comprehensive development and modernization [8]

Core Viewpoint - The A-share market is expected to continue a fluctuating upward trend towards 2026, driven by the inflow of medium to long-term funds and sustained high trading activity [1][6]. Group 1: Market Performance and Trends - In 2025, the A-share market showed an overall upward trend, with a year-end increase of 41.93%. The market experienced a pullback due to escalating US-China tariff disputes but rebounded with a series of policy measures and improved economic fundamentals [2]. - Key sectors that performed well in 2025 included non-ferrous metals, driven by geopolitical risks and supply chain disruptions, and TMT sectors like communication and electronics, benefiting from ongoing technological innovation [3]. Group 2: Liquidity and Policy Support - The liquidity environment in the A-share market is expected to improve, with policies encouraging medium to long-term funds to enter the market. The China Securities Regulatory Commission (CSRC) is focused on utilizing structural monetary policy tools to facilitate this [4]. - Increased policy support is anticipated, with measures to deepen public fund reforms and enhance the capital market's attractiveness and inclusivity. This is expected to lead to more mergers and acquisitions, particularly in technology and industry-leading companies [5]. Group 3: Economic and Structural Opportunities - The domestic economy is projected to maintain a stable upward trajectory, with policies aimed at expanding domestic demand and boosting confidence. The year 2026 marks the beginning of the "14th Five-Year Plan," with expectations for proactive fiscal and moderately loose monetary policies [6]. - The focus on technological innovation and advanced manufacturing is expected to create structural opportunities, particularly in sectors like artificial intelligence, high-end manufacturing, and green transformation [8][9]. Group 4: Investment Recommendations - Investment should focus on technology innovation, particularly in areas such as high-end chips, industrial software, and agricultural technology, as these are expected to lead industry transformations [8]. - Advanced manufacturing should be targeted, emphasizing smart manufacturing and green transitions, which are crucial for enhancing supply chain resilience [8]. - The expansion of domestic demand and consumption upgrades should be prioritized, with attention to service consumption and digital life innovations, which are likely to unlock significant growth potential [9].

文/ 汇丰银行大中华区前首席经济学家 屈宏斌 消费与科技从来不是"非此即彼"的选择题，而是"唇齿相依"的共生体。没 有 消 费 需 求 的 " 土 壤 " ， 科 技 创 新 就 是 " 无 的 之 矢 "； 脱 离 民 生 改 善 的 " 目 标"，技术突破也难成可持续的增长动能。 消费与科技从来不是"非此即彼"的选择题，而是"唇齿相依"的共生体 在讨论经济增长的核心动力时，不少人会下意识站队"科技创新"——毕竟芯片突破、AI迭代、新能源崛起的故事足够振奋，这种思路也潜移默化体现在政 策导向上：研发补贴、科创园区、人才计划密集出台，而消费刺激常被视为"短期救急"。 多数人推崇科技创新的重要性，固然有其道理。2024年我国全社会研发经费支出突破4万亿元，占GDP比重达2.8%，新能源汽车、人工智能等领域专利数 量稳居全球第一，这些"硬核实力"确实是突破发展瓶颈的关键。但脱离消费需求的科技创新，往往陷入"叫好不叫座"的尴尬。 某国产芯片企业耗费5年攻克28纳米消费级芯片技术，投入研发资金超10亿元，可因终端消费电子需求疲软，手机厂商减产压库，该芯片上市后订单量不 足预期的三成，不仅未能收回成本，还因现金流紧张被 ...