被称为未来之城的雄安，寄托着人们的未来观。这座新城在拔节生长中着眼于打造自主创新和原始创新重要策源地，主 动"拥抱"未来产业。 《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》对"培育壮大新兴产业和未来产业"作出明确部署，这 为雄安新区建设发展进一步指明了方向、提供了新动力。 近日，记者走访河北雄安新区，创新热潮扑面而来，未来产业正助力雄安新区向着高水平现代化城市迈进。 0:00 深度融入国家战略大局 当年注册、当年建设、当年投产、当年下线……今年10月，首颗"雄安造"卫星"雄安一号"在蓝箭鸿擎（雄安）空间科技有 限公司下线。这家公司产线正式量产后，将具备年产100颗以上卫星的交付能力。 空天信息和卫星互联网产业是典型的未来产业。2024年10月14日，首家注册落户雄安新区的央企中国星网办公楼正式投入 使用。依托中国星网这颗"主星"，雄安新区谋划了卫星互联网、时空信息、商业卫星智造、空天飞行器4大赛道。 设立雄安新区，是以习近平同志为核心的党中央为疏解北京非首都功能、深入推进京津冀协同发展作出的一项重大决策部 署，是千年大计、国家大事。作为北京非首都功能疏解集中承载地的雄安，首批疏解的3家央企总部 ...

人民财讯11月25日电，中共黑龙江省委关于制定国民经济和社会发展第十五个五年规划的建议发布。其 中提出，培育壮大新兴产业和未来产业。实施产业创新工程，一体推进创新设施建设、技术研究开发、 产品迭代升级，打造新兴支柱产业。建好建强国家重型装备生产制造基地，加强产业配套协作，发展壮 大高端装备、航空航天、新材料等千亿级产业集群，建设电子信息产业北方制造基地和大型大马力高端 智能农机装备先导区。加快发展低空经济，壮大低空航空器装备制造产业，拓展农业植保、应急救援、 物流运输等应用场景。做强星网产业链，发展卫星制造、测控和数据地面应用。做强石墨精深加工。创 新战略性新兴产业发展政策供给，推进新技术新产品新场景规模化应用示范，加快新兴产业规模化发 展。 ...

构建适应未来产业发展的金融体制是一项复杂的系统工程，要求我们以党的二十届四中全会精神为统 领，坚持有效市场和有为政府相结合，勇于打破路径依赖和制度壁垒，推动金融发展、金融创新与金融 监管在更高水平上实现动态平衡。 "十五五"时期是我国在全面建成小康社会基础上，乘势而上开启全面建设社会主义现代化国家新征程的 关键五年。党的二十届四中全会公报（以下简称《公报》）指出，要建设现代化产业体系，巩固壮大实 体经济根基，特别是要优化提升传统产业，培育壮大新兴产业和未来产业。以此审视并前瞻性地规划未 来产业发展，并构建与之相匹配的现代化金融体制，具有至关重要的战略意义。未来产业代表新科技革 命和产业变革的方向，是塑造国家竞争新优势、培育新质生产力的核心场域。它以其颠覆性创新、高风 险长周期、知识资本密集等特征，对传统以银行信贷为主导、偏好抵押担保和稳定现金流的金融体系提 出了挑战。因此，必须以《公报》和"十五五"规划建议为指引，深刻把握金融与实体经济，特别是与未 来产业之间的辩证关系，破除体制机制障碍，构建一个能够创新引领、有效支撑、精准灌溉、审慎监管 未来产业发展的现代化金融体制。这不仅是金融自身实现高质量发展的内在要求 ...

新华社天津11月23日电（记者宋瑞）日前，在天津天开高教科创园，一场别开生面的思政课——"青春华章·踏浪新质潮"学习贯彻党的二十届 四中全会精神网络主题宣传和互动引导活动，引发了广大青年的共鸣与思考。 "父亲一生基于国家需要做出三次重大选择。"于敏之子于辛深情讲述时，台下青年学子聆听得格外专注。 "新质生产力不再是传统的要素叠加，而是由科学突破、技术裂变、要素重构与产业跃迁共同催生的新的先进生产力质态。"中国新一代人工智 能发展战略研究院执行院长龚克的解读，为青年学子打开了通向未来的视野。 展望未来，龚克描绘了令人振奋的发展图景：以人工智能为代表的新一代信息技术和新能源、新材料、航空航天、低空经济等战略性新兴产业 集群发展将蓬勃发展；量子科技、生物制造、脑机接口等未来产业将蓄势待发；更具全球影响力的教育中心、科学中心、人才中心将加速崛 起。 中国社会科学院学部委员、中国社会科学院大学社会与民族学院院长张翼说："新质生产力最大的特点是创新，本质是先进生产力。它既包括 理工科的科学、技术和业态创新，也包括文科的文化制度、管理和制度创新。" 张翼认为，青年一代具备快速学习的能力，能够将科技创新成果迅速转化为实际生产 ...

成都未来科技城。 智元创新生产的人形机器人。 众航智飞全倾转旋翼eVTOL总部落地成都未来科技城 将围绕新型全倾转eVTOL、混合动力系统等方向开展研发与生产制造，构建"研发—制造—验证"的一体 化体系，预计达产后形成年产约100台eVTOL的产能 百度智能云AI+文体娱乐创智中心在成都东部新区揭牌 该平台将推动先进技术与文体娱场景深度融合，驱动体育、文化、影视、娱乐等产业智能化升级与协同 发展。茵麦体育、匠体科技等首批6家企业签约入驻 郫都区与智元创新共建西南具身智能产业基地 该项目是成都第一个规模较大的具身智能机器人研发生产制造项目，将在人形机器人研发、智能制造等 领域开展深度合作 党的二十届四中全会提出，要优化提升传统产业，培育壮大新兴产业和未来产业。 这些未来产业项目短时间内相继落地，犹如一组强劲的节拍器，为这座城市年底经济冲刺奏响了奋进的 乐章。这既彰显了成都以高质量项目引领现代化产业体系建设的坚定决心，也将助推成都在未来产业赛 道上加快成势、集链成群。 签约加速 三个项目接续落地 随着年底收官战的深入推进，成都正以项目落地的"加速度"，跑出产业集聚的"高质量"，为明年经济发 展积蓄强劲动能。通过梳 ...

Core Viewpoint - Future industries, driven by disruptive technologies, are becoming a key variable in shaping the global competitive landscape, relying on both technological breakthroughs and effective financial support [1][3]. Group 1: Global Future Industry Competition - Future industries are characterized by their strategic, leading, disruptive, and uncertain nature, representing a new wave of technological revolution and industrial transformation [3]. - Major economies are accelerating their layout in future industries, with the U.S. investing heavily in semiconductor, clean energy, and AI sectors through legislative measures like the CHIPS and Science Act and the Inflation Reduction Act [3]. - The EU and Japan are also implementing policies to promote core technology breakthroughs and supply chain autonomy, indicating a shift in focus from traditional industry efficiency to future industry dominance [3]. Group 2: Financial Support for Future Industries - The adaptability of the financial system is crucial for transforming innovation potential into real productivity, as highlighted by the 2024 implementation opinions from the Ministry of Industry and Information Technology [4]. - Financial policies are being aligned with industrial policies to support future industries, with frameworks established for structural monetary policy, special credit, and industrial funds [4]. - The transformation of policies into actionable financial practices requires a deep understanding of the inherent rules and realities of financial support for future industries [4]. Group 3: Theoretical Mechanisms of Financial Support - The uncertainty and externalities of innovation necessitate financial systems that can structurally adapt to support future industries, as traditional market mechanisms are often insufficient [6]. - Future industries face high investment costs, long cycles, and significant risks, making them less attractive to short-sighted private capital [6]. - The public good nature of future industry outcomes often leads to underfunding and innovation gaps due to the inability of firms to internalize the positive externalities of their innovations [6]. Group 4: Structural Constraints of Existing Financial Systems - The existing financial system, rooted in industrialization, struggles to support future industries due to its focus on collateral, cash flow, and historical credit [7][8]. - There are three main mismatches: information mismatch, time mismatch, and structural mismatch, which hinder effective financial support for future industries [8]. - Financial institutions often lack the ability to assess technological potential and commercial pathways, relying instead on traditional financial metrics [8].

地方政府与城投企业债务风险研究报告—北京篇 联合资信 公用评级四部 |赵晓敏 |严鸣明 www.lhratings.com 研究报告 1 报告概要 2 北京市空间总体布局基本思路为"北研南制、东服西创、多点支撑"，人口、科研和文化资源 等为北京经济发展和科技创新等提供了坚实的基础。北京在全国率先提出高精尖产业构想， 构建"2441"高精尖产业体系，力求做强做优做大数字经济，建设全球数字经济标杆城市； 同时积极布局未来产业，力求实现近期推动教育、科技、人才优势转化为产业优势，中期形 成颠覆性技术和重大原创成果，远期形成全球占先的未来产业集群。 2024 年，北京市地区生产总值持续增长，经济总量处于全国中上游，人均 GDP 居全国之首； 财政收入持续增长，财税收入质量高，财政自给能力较强，综合财力雄厚，政府债务负担较 轻。 北京市各区在区域功能定位、经济结构和产业集聚等方面存在差异，经济实力分化明显。海 淀区、朝阳区、西城区经济财政实力在北京各区中处于领先地位；生态涵养发展各区受生态 保护等方面的限制，经济财政实力靠后，综合财力对上级补助收入的依赖较强。丰台区和大 兴区政府债务规模居前。2024 年，受益于国有土 ...

交子资本董事长付剑峰介绍，截至目前，交子资本累计管理及参与基金超70支，总规模逾1700亿元。下 一步，公司将重点发挥金融资本运作、私募股权直投、政府基金管理三大核心功能，构建"三维发力"战 略布局：以聚焦未来产业赛道的"交子未来"、主攻园区产业升级的"交子满园"、立足政策创新试点 的"交子AIC"，辅以培育型业务"交子并购"，形成"3+1"交子资本系基金矩阵，协同赋能城市发展战略。 其中，"交子未来"系列基金：依托千亿未来产业基金集群，聚焦成都"9+9+10"现代化产业体系，重点布 局装备制造、新型材料、人工智能、量子科技等具备前瞻性和爆发力的赛道。 随着首批子基金集中签约、基金与项目签约，也标志着未来产业基金集群进入实质性运营阶段。据悉， 下一步将按照"竞争择优、赛马机制"的原则，在全球持续常态化开展子基金遴选工作，力争吸引更多全 球资本参与，共同推动城市优势产业、战略性新兴产业与未来产业协同发展。 总规模逾1700亿元 近年来，随着我国经济转型升级的深入推进，传统产业面临着转型压力，新兴产业迅速崛起。由政府引 导、参与的产业基金，已成为推动产业创新升级的重要金融工具。成都交子金控集团作为成都国有资本 投 ...

Core Viewpoint - The establishment of the Chengdu Future Industry Fund's first batch of sub-funds, totaling approximately 6.5 billion yuan, marks a significant transition from policy planning to actual operation in the city's future industry investment strategy [1][2][3]. Group 1: Fund Launch and Investment Strategy - The first batch of sub-funds, amounting to 6.5 billion yuan, was signed with six major investment institutions, indicating a strong commitment to support key sectors such as artificial intelligence, quantum technology, advanced semiconductors, life sciences, and new energy [2][3]. - The Chengdu Future Industry Fund aims to enhance the city's modern industrial system, which consists of 9+9+10 sectors, by leveraging specialized capital to drive high-quality urban development [2][4]. Group 2: Capital Management and Fund Structure - Chengdu Jiaozi Financial Holdings Group has launched a "3+1" capital blueprint through its subsidiary, Jiaozi Capital, which includes three main funds focused on future industries, park industrial upgrades, and policy innovation [4][5]. - Jiaozi Capital has managed over 70 funds with a total scale exceeding 170 billion yuan, emphasizing its role in financial capital operations and private equity investments [4][6]. Group 3: Ecosystem Development and Collaboration - The event also introduced a project opportunity list for key industrial chains, facilitating precise connections between capital and industry, covering sectors like integrated circuits, biomedicine, and intelligent connected vehicles [7][8]. - The "Invest in Chengdu" Future Industry Investment Alliance was established to integrate various resources, aiming to break down barriers in the industrial chain and accelerate the clustering of industries [7][8]. Group 4: Future Directions and Goals - The Chengdu Future Industry Fund's strategy is to continuously attract global capital to support the development of strategic emerging industries and future industries in the city [3][6]. - Future initiatives will focus on enhancing the operational efficiency of funds and fostering a collaborative ecosystem to position Chengdu as a leading hub for future industry innovation [8].

Core Insights - The 2025 Wuhan Commodity Trade Fair (Hanjiao Fair) opened on October 20, showcasing over 3,000 domestic and international enterprises from around 50 countries and regions, highlighting Wuhan's growing influence as a trade bridge for Hubei province [1][4] - The fair features a total exhibition area of 190,000 square meters, the largest in its history, covering key sectors such as artificial intelligence, low-altitude economy, future industries, and high-end manufacturing [1][4] Exhibition Highlights - The main exhibition area focuses on three major fields: commodity trade, digital trade, and service trade, attracting 165 high-quality enterprises, three times the number from the previous year, with 60% from foreign trade and innovative consumption sectors and 40% from digital economy and trade [4] - Nine market exhibition areas emphasize "full industry chain linkage and full scene service," connecting over 1,000 exhibitors, 3,000 buyers, and more than 100 industry associations, covering various sectors including pharmaceuticals, automotive, textiles, and cultural products [4] New Comparative Advantages - Experts at the 2025 Wuhan International Supply Chain Cooperation Forum discussed the structural changes in the international economic and trade environment, emphasizing the new characteristics of localization, regionalization, and friend-shoring in industrial chain layouts [5] - Wuhan's advantages have evolved beyond traditional geographic and labor cost benefits to a new comparative advantage based on high-level factor endowments, enhancing its role as a key node in international resource allocation [5] Supply Chain Development - The Wuhan Municipal Bureau of Commerce aims to create an efficient and comprehensive supply chain system to promote bilateral openness and industrial upgrades, extending the production process to a full chain from R&D to overseas services [6] - The Kenyan Ambassador to China highlighted Wuhan's strategic position as a "super interface" for global connections, emphasizing the importance of an efficient supply chain for deepening cooperation between Kenya and China [6] Trade Agreements - During the exchange event, eight trade projects were signed, with a total contract value of nearly 3 billion yuan, showcasing diverse cooperation, innovative business models, regional collaboration, and complementary supply chains [7]