Group 1 - The core viewpoint of the news highlights the positive performance of the technology sector in the stock market, particularly in semiconductor and related industries, driven by recent financial policy adjustments from the central bank [1] - The central bank has lowered the interest rates of various structural monetary policy tools by 0.25 percentage points, reducing the one-year re-lending rate from 1.5% to 1.25%, with similar adjustments for other terms [1] - The central bank is increasing the re-lending quota for technological innovation and technological transformation from 800 billion to 1.2 trillion yuan, expanding support to private small and medium-sized enterprises with high R&D investment levels [1] Group 2 - The specialized and innovative ETF (563210) tracks the Hang Seng A-share specialized and innovative enterprise index, focusing on strategic emerging fields such as semiconductors, high-end equipment, and biomedicine, aligning with policies that foster innovative small and medium enterprises [2] - The constituent stocks of the ETF are selected from the Ministry of Industry and Information Technology's "little giant" enterprises, which are leaders in their respective segments, expected to benefit from policy support and increased funding, enhancing the quality and investment value of the index constituents [2]

Group 1 - The core focus of the meeting held by the State-owned Assets Supervision and Administration Commission (SASAC) is to enhance the technological innovation capabilities of state-owned enterprises (SOEs) and deepen the reform of state-owned assets and enterprises [1][3] - Local SOEs are increasingly strengthening technological innovation through various initiatives, such as establishing public welfare funds for research and forming partnerships with educational institutions [1][3] - SASAC emphasizes the need for SOEs to improve their innovation capabilities, particularly in the context of rapid technological changes and shorter industry iteration cycles [1][3] Group 2 - SASAC Director Zhang Yuzhuo highlighted the importance of creating high-value application scenarios and enhancing the procurement of first-time equipment and materials to accelerate the iteration of new technologies and products [3][5] - There is a strong push for optimizing the layout and structure of state-owned enterprises, with examples including the establishment of intelligent coal mines and the development of strategic emerging industries [3][4] - The focus on traditional industries includes promoting high-end, intelligent, and green development, with a particular emphasis on artificial intelligence as a key variable [5][6] Group 3 - The meeting outlined the key tasks for 2026, which include improving the modern enterprise system with Chinese characteristics and clarifying the responsibilities of governance bodies [8] - There is a call for deepening market-oriented operational mechanisms and enhancing the effectiveness of incentive policies for technology-driven enterprises [8][9] - The transformation of organizational structures is encouraged, with a focus on creating agile and efficient innovative organizations to adapt to the knowledge economy [9]

来自自治区及桂林市相关部门、产业园区、高校院所、金融机构、重点企业的约260名代表参加下午的 大会。桂林市委书记李楚强调了试验区建设的重大战略意义，明确桂林将举全市之力推进相关工作；广 西投资集团党委书记、董事长周炼介绍了国有资本赋能科创事业的思路举措；桂林电子科技大学校长张 文涛作为高校代表，表达了深化校地合作的决心；孙睿君则提出具体要求，强调要大胆探索先行先试， 打造全区科技创新高地。 发布环节中，大会深入解读了《科创广西先行试验区（桂林）建设方案》，明确发展目标、重点任务与 实施路径；介绍创新生态体系总体构想；发布综合金融赋能调研报告；详解金融赋能"广投模式"；桂林 市财政局公布了财政金融赋能具体政策。 中新网广西新闻1月16日电 （何茜）1月14日，科创广西先行试验区（桂林）建设动员大会在广西桂林 市召开，标志着该试验区建设全面启动并进入实质推进阶段。 大会由中共桂林市委员会、桂林市人民政府、广西壮族自治区科学技术厅、广西投资集团有限公司联合 主办，构建"政产学研用金"全周期赋能体系，推动创新链、产业链、资金链、人才链、政策链深度融 合，助力产业高质量发展。 大会分上午下午两个阶段进行。上午的会议听取 ...

专题：2026年度投资策略|顶级基金公司、基金经理展望马年投资机会 在近期一场面向投资人的交流中，淡水泉投资创始人、CIO赵军与淡水泉（香港）总裁、首席经济学家 陶冬博士展开对话，回顾2025，并系统阐述了对2026年中国资本市场的展望与投资策略。赵军认为， 2026年市场逻辑将从估值修复转向盈利驱动，捕捉未被充分认知的"预期差"将是全年最核心的机会。 对2025年的反思：团队决策水准获认可，机会把握仍有空间 回顾波澜起伏的2025年，赵军坦言，年初并非轻装上阵，而是背负着过往的业绩压力。他给自己在2025 年的表现打出两个分数：从业绩结果看可打80分；但从把握市场呈现机会的角度看，则需下调至70分。 他解释称，在A股和港股市场仍错过了不少本可更好把握的机会，从产业组、基金经理到宏观团队，任 何环节的疏漏都可能导致机会溜走。未来将通过加强团队协同，争取在2026年做得更好。 展望2026：情绪升温、叙事形成、逻辑转换 谈及2026年，赵军指出，经历了2025年，投资者情绪普遍更为乐观。他认为今年市场可能呈现三大特 征：第一，投资者对中国资产的偏好升温，市场对宏观及地缘冲突趋于"脱敏"成为新共识；第二，围 绕" ...

Core Viewpoint - The article outlines the organization of the 2026 annual technology achievement appraisal work by the China Electromechanical Integration Technology Application Association, emphasizing the importance of enhancing technological innovation capabilities and the integration of technology and industry [1]. Group 1: Purpose and Principles - The purpose is to enhance the technological innovation strength and level of the industry, accelerating the integration of technological and industrial innovation [2]. - The appraisal work will adhere to principles of independence, fairness, justice, and openness [2]. Group 2: Scope of Appraisal - The appraisal includes new products, processes, methods, materials, equipment, software, designs, technology integration, and applied basic research in fields such as industrial automation, robotics, and intelligent manufacturing [3]. Group 3: Specific Fields of Technology - **High-end Equipment Manufacturing**: Core components of humanoid robots, industrial mother machines, high-end CNC systems, and technologies related to rail transit equipment and new energy equipment [4]. - **Next-Generation Information Technology**: Technologies integrating industrial models, edge computing, AI with manufacturing processes, and data security governance [5]. - **New Energy and Intelligent Vehicles**: Technologies related to solid-state batteries, vehicle-to-grid interactions, and lightweight materials for electric vehicles [6]. - **New Materials and Green Low-Carbon Technologies**: High-performance functional materials, energy-saving technologies, and renewable energy utilization [7]. - **Future Industry Frontiers**: Technologies in brain-computer interfaces, quantum computing, and synthetic biology [8]. - **Traditional Industry Upgrades**: Digital twins, smart production line adaptations, and optimization of key processes [9]. Group 4: Appraisal Conditions - The technology achievements must comply with national laws, industry policies, and be technically mature with innovative characteristics [10][11]. - Achievements should demonstrate leading or advanced performance indicators in their respective fields and have good applicability and promotion prospects [11]. Group 5: Support Policies - Achievements passing appraisal will be included in a project database for quality technology achievements, prioritized for recommendations to government departments for policy support [13]. - Support for participation in national and provincial technology awards and assistance in securing funding for technology transformation [13][14]. - Establishment of platforms for industry-academia-research collaboration and connections with financing institutions [14]. Group 6: Application Process - Projects that meet the appraisal scope can submit written applications to the association, which will conduct formal and technical reviews [15]. Group 7: Material Requirements - Applicants must fill out the technology achievement appraisal application form and submit it in both paper and electronic formats [16]. Group 8: Timeline Requirements - Appraisal materials must be submitted 30 working days prior to the intended appraisal date [17].

Core Viewpoint - The article emphasizes that strategic restructuring and professional integration are two core paths in the current state-owned enterprise (SOE) reform, which complement each other to optimize state capital layout and enhance core functions [1] Group 1: Strategic Restructuring and Professional Integration - Strategic restructuring focuses on core responsibilities, reducing redundant investments and homogeneous competition, and emphasizes structural optimization through cross-industry and cross-enterprise resource integration [1] - Professional integration targets niche areas, enhancing technological breakthroughs and innovation collaboration, focusing on functional reinforcement [1] Group 2: Educational Perspective - Restructuring promotes the construction of platforms for industry-education integration and innovative customized talent training, as seen in Hunan's construction company, which restructured its talent development system through property rights reform [1] - The integration of education, talent, and industry chains is facilitated, creating a comprehensive mechanism from basic research to industrialization [4] Group 3: Technological Perspective - Strategic restructuring breaks innovation barriers and promotes interdisciplinary technology integration, as demonstrated by the merger of Baosteel and Wuhan Steel, which enhanced R&D investment intensity and achieved breakthroughs in high-end steel and smart manufacturing [3] - Professional integration is crucial for overcoming "bottleneck" technologies, as exemplified by China Railway's consolidation of R&D resources, leading to advancements in high-speed rail technology [3] Group 4: Innovation Ecosystem Construction - Restructuring fosters collaborative innovation mechanisms by breaking down departmental barriers, ensuring effective alignment between research and industrial needs [4] - The integration of resources across the entire industry chain, as seen in China Shipbuilding Group, has led to significant technological advancements in LNG transport and large cruise ships [4] Group 5: Digital Transformation Empowerment - Restructuring supports the intelligent transformation of traditional industries by optimizing production processes and resource allocation, significantly enhancing production efficiency [5] - The integration of digital technologies in high-end equipment manufacturing is exemplified by China Shipbuilding Group's application of digital twins and virtual reality in ship design and operation [6] Group 6: Talent Perspective - Restructuring enhances talent structure through the aggregation of high-end talent and precise allocation of key positions, as demonstrated by China National Chemical Corporation's establishment of a talent ladder system [10] - Innovative talent incentive mechanisms are introduced, transitioning from a position-oriented to a value-creation-oriented compensation system, enhancing employee retention and growth [11] Group 7: Future Outlook - The article suggests that SOEs should further develop an open talent system, break down institutional barriers, and promote cross-enterprise talent mobility while strengthening innovation ecosystem construction [13]

1月16日，山东省政府新闻办举行政策例行吹风会，邀请省药监局主要负责同志等解读《关于全面深化药品医疗器械监管改革促进医药产业高质量发展的 实施意见》。 强化技术创新，重点突破一批核心技术和高端产品。紧密围绕生物医药上下游产业技术需求和"卡脖子"瓶颈问题，加快推进基础研究和重大关键技术攻 关。2025年，在医药产业相关领域，支持省重大科技创新工程、省自然科学基金等科技项目近千项，省财政资金支持超过3亿元。在重大项目牵引及财政 科技资金支持下，瑞霖唐、迈粒生等1类新药获批上市，硼中子俘获治疗系统进入国家三类创新医疗（002173）器械特别审查程序，显著提升了我省医药 产业链的核心竞争力。 强化创新平台建设，培育战略科技力量。聚焦医药前沿技术和重大创新需求，推进各类创新要素一体化配置。布局建设了全国重点实验室、省实验室、省 重点实验室、省技术创新中心、省临床医学研究中心124家。生物医药领域企业牵头建设省级创新平台比重达到80%以上，集聚龙头企业和优质医疗机构 开展技术攻关和协同创新，创新平台与产业结合得越来越紧密，为我省医药产业创新发展提供了坚实的平台支撑。 强化政策引导，营造医药产业创新发展良好生态。继续落实《 ...

Group 1 - The article emphasizes confidence in China's economic prospects, highlighting its pragmatic development and shared growth philosophy as significant for global development [1][2] - China’s 14th Five-Year Plan marks the beginning of a new phase, with a focus on strategic guidance rather than mere project lists, indicating a steady progression based on established development logic [1] - The article notes China's achievements in green development, showcasing its leadership in global green energy with the largest solar and wind power bases [1] Group 2 - China's technological development is increasingly focused on harmonious interaction between people and technology, rather than solely maximizing efficiency, and it aims to share technological advancements with developing countries [2] - The transition of China's economy from high-speed growth to high-quality development emphasizes sustainability and long-term impacts, aligning with the global sustainable development agenda [2] - The Belt and Road Initiative has significantly benefited Central Asian countries, transforming the region from an "inland island" into a more integrated part of global trade, with China emerging as a key trade partner and investment source [2]

Core Viewpoint - Inner Mongolia Transportation Group has undergone significant restructuring and reform since June 2023, focusing on enhancing infrastructure investment, optimizing management, and expanding into new strategic industries to become a leading modern transportation enterprise in China [1][2][18] Group 1: Infrastructure Development - The company has implemented 23 road projects during the 14th Five-Year Plan, investing a total of 57 billion yuan and constructing 2,356 kilometers of roads to support the development of a comprehensive transportation network in Inner Mongolia [6] - Major projects include the G65 Baomao Expressway and G5511 Jiala Expressway, which alleviate traffic pressure and enhance connectivity, earning multiple quality awards [6] Group 2: Reform and Governance - The company emphasizes deepening state-owned enterprise reform, focusing on internal self-revolution to enhance competitiveness and governance [2] - A scientific governance structure has been established, integrating party leadership into corporate governance, optimizing the roles of the board and management [2] Group 3: Market Expansion - The company has adopted a "going out" strategy, significantly increasing its market presence with 697 new projects in 2025, a growth of 80.1% year-on-year, and a contract value of 33.588 billion yuan, up 236.79% [15] - It has also expanded into international markets, successfully bidding for projects in Mongolia, Saudi Arabia, and Jamaica, marking its first entry into North America [16] Group 4: Technological Innovation - The company has invested 1.57 billion yuan in R&D during the 14th Five-Year Plan, establishing a national postdoctoral research station and numerous innovation platforms, resulting in significant technological advancements [7] - The "Mengma Charging" platform has rapidly developed, establishing 7,260 charging points and achieving over 520,000 registered users by early 2025 [11][13] Group 5: Green Transformation - The company is focusing on green energy development, having built 33 new energy heavy truck charging stations and 11 distributed photovoltaic power stations, contributing to the dual carbon goals [11][14] - It has also initiated a comprehensive energy supply system to support national energy security and low-carbon development in Inner Mongolia [14] Group 6: Quality and Service Improvement - The company has allocated 5.59 billion yuan for road maintenance, achieving a road performance index of 92.22, ensuring high service quality [8] - It has also upgraded service areas to meet star standards, enhancing customer experience and promoting local products [8]

1月16日，科创创业ETF（588360）盘中涨超1.2%，2026年政策导向有望助力科技创新。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 中银国际指出，从宏观背景、估值水平、业绩表现以及资本开支等视角来看，当前AI行情泡沫化 不显著，估值仍未透支。AI硬件景气延续，关注"紧缺"环节，包括光通信、TPU产业链、存储芯片、AI 电力等。此外，AI交互革命有望催化端侧换机热潮，AI应用三季度业绩迎来困境反转，应用渗透率进 入加速阶段，垂类应用商业化落地初现成效，关注AI端侧和应用投资机会。聚焦"AI＋消费＋医药"三极 集中结构，AI算力基础设施与数字经济为高景气主线。作为"十五五"开局之年，科技自立自强与先进制 造有望成为核心主线。科技领域需转向体系化配置，覆盖关键核心技术、高端制造等多方向；先进制造 向多层次体系升级，布局未来产业。 科创创业ETF（588360） ...