Group 1 - The core viewpoint of the article highlights China's leadership in setting international standards, with a target of establishing 275 standards by 2025 and proposing 459 new international standard proposals [1] - In the fourth quarter alone, China has led the release of 38 international standards in key areas such as 5G, semiconductors, new energy, and aerospace [1] - Additionally, there are 60 new proposals aimed at cutting-edge technologies like quantum technology and AI [1] Group 2 - The State Administration for Market Regulation will initiate a "National Standard Construction Special Action for Artificial Intelligence" in collaboration with relevant departments [1]

我国未来产业的核心赛道分布在量子科技、生物制造、氢能和核聚变能、脑机接口、具身智能和第六代 移动通信等六大领域，它们具有显著战略性、引领性和颠覆性特征。 《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》明确提出"前瞻布局未来产业"，这 一战略之举不仅廓清了我国产业结构的主要方向，也揭示了我国产业基础高级化和产业链现代化纵深推 进的关键牵引力，由此也将构建出我国经济增长的全新重大支柱。 主要经济体的共同战略 全球范围内新一轮科技创新引发的产业创新已呈现出十分密集与异常活跃的状态。人工智能、生物技 术、可控核聚变以及量子科技等颠覆性技术导致的产业化与市场化动力正在加速聚集与释放，可视化产 业与商业成果批量落地，各主要国家竞争力正在重构。 智能技术革命正推动产业发展范式发生划时代的变革，人机协同的智能时代即将来临，人工智能技术已 深入制造业的研发、生产到营销的全流程，并加速与金融、教育、医疗、文创等行业的深度融合，展现 出巨大的发展潜力。脑机接口技术的飞速发展也让人瞩目，随着大模型、传感器以及智能机具等技术的 交叉融合，以人形机器人为代表的具身智能领域也将迎来爆发式增长。 生物技术的群体性突破也推动生物 ...

Core Insights - The article discusses the annual venture capital conference in Shenzhen, focusing on the theme of "missed opportunities and heavy investments" in the context of investment strategies and industry shifts in China [2][3]. Group 1: Investment Institutions Overview - Tang Capital, founded in 2019, focuses on hard technology, particularly in electronic information, advanced manufacturing, and new materials, managing over 3 billion [3]. - Huakong Fund, established in 2007, has over 10 billion under management, emphasizing hard technology sectors such as advanced manufacturing and AI [4]. - Huaying Capital, founded in 2008, has invested in over 280 companies, with over 50% of investments related to AI [4]. - Guozhong Capital, established in 2015, manages 16 billion across multiple funds, focusing on supporting small and medium-sized enterprises [5]. - Lenovo Star, since 2008, has invested in over 400 companies, primarily in technology and healthcare [6]. - Linghang New Frontier, founded in 2019, manages approximately 2.8 billion, focusing on smart technology and biomedical sectors [7]. - Tiantang Silicon Valley, established in 2000, has invested in over 230 projects, with over 50% achieving exits, focusing on technology and healthcare [8]. Group 2: Investment Strategies and Shifts - Investment strategies have evolved due to industry cycles, with institutions adjusting their focus based on market conditions and technological advancements [9][16]. - Huaying Capital's investment methodology adapts to different stages of technology development, focusing on disruptive technologies and market leadership [12]. - Institutions like Tang Capital and Huakong Fund emphasize AI and advanced technologies as key future investment areas, reflecting a shift towards more innovative sectors [29][30]. - Guozhong Capital aligns its investment strategy with national development plans, focusing on emerging industries as outlined in the "14th Five-Year Plan" [19]. Group 3: Missed Opportunities and Lessons Learned - Many institutions shared experiences of missed opportunities in sectors like quantum computing and commercial aerospace, highlighting the importance of timely decision-making [25][27]. - The article emphasizes the need for continuous learning and adaptation in investment strategies to avoid missing out on emerging trends [26][28]. - Institutions reflect on past mistakes, such as underestimating the potential of the solar energy sector, which has since become a leading industry [26]. Group 4: Future Focus Areas - Future investment focus areas include AI, embodied intelligence, and commercial aerospace, with expectations for significant growth in these sectors [29][30]. - Institutions are also looking at advanced materials and renewable energy as key investment opportunities over the next five years [32][33].

新京报贝壳财经讯 12月15日，星华新材发布公告称，公司与广东国腾量子科技有限公司（简称"国腾公 司"）签署《战略合作协议》，双方将在量子科技及相关应用领域建立长期、稳定的战略合作关系。公 司将依托在反光材料行业丰富的产业化经验，助力国腾公司的量子技术产业化落地，并联合开展量子功 能材料、量子安全应用探索。公告指出，该战略合作协议为框架性协议，具体实施过程中存在不确定 性，对公司本年度经营业绩不会构成重大影响。 ...

Group 1 - The core message of the report emphasizes that the future belongs to organizations that can quickly adapt to changes, driven by five key forces that will redefine competitive advantage in the coming year [1] Group 2 - Rapid decision-making can turn crises into opportunities, with success relying on AI that can take action rather than merely assist; 25% of executives reported deploying autonomous AI agents by 2025, expected to rise to 70% by the end of 2026, although only about 40% of AI projects were successful by 2025 [3][4] - Employees are increasingly embracing AI, with 61% expecting significant changes in their roles by 2026, and 81% feeling confident about keeping pace with future developments; 56% are willing to change jobs for better training opportunities, and 42% would accept a pay cut [5] - Trust and transparency in AI are crucial, with 95% of executives stating that trust determines the success of new products and services; 80% of consumers would lower their trust in a brand that conceals AI usage, and two-thirds would switch brands to avoid hidden AI [6] - As companies enhance the protection of computing resources, "AI resilience" and "AI autonomy" are becoming essential; 93% of executives believe that AI autonomy must be part of their 2026 business strategy, ensuring control over AI systems and data [7] - Quantum-ready organizations (QROs) are three times more likely to join multiple ecosystems, highlighting the need for collaboration to leverage emerging technologies like quantum computing for strategic opportunities [8]

《东亚日报》近日发文称，数据量增加时会变慢的传统互联网不同，量子互联网的速度不受信息量影响，这得益于量 子计算机的独特性质，它们可以兼容0和1，而传统计算机只能区分两者。 【环球网财经综合报道】近日，中国信通院发布《量子信息技术发展与应用研究报告（2025年）》指出，我国量子信 息领域发展处于全球第一梯队。量子信息企业数量逐年稳定增长，全球总数超800家。2025年量子信息领域市场投融 资热度高涨，近十年全球产业投融资事件达1400余笔，融资金额超145亿美元。 报道还提到，各国竞相发展下一代量子技术，包括美国启动了量子互联网建设计划，中国政府将量子计算机等列为国 家优先发展领域，韩国也渴望推动这一领域的发展。中国量子研究实验室CHIPX及相关公司图灵量子开发出了比美国 半导体公司Nvidia的GPU快1000倍的量子半导体。 ...

Group 1 - The Ministry of Commerce and other departments are enhancing collaboration between commerce and finance to boost consumption, proposing 11 specific measures including promoting personal consumption loans and reducing penalties for early loan settlements in vehicle trade-in programs [1][7] - The Central Financial Office forecasts that China's economy will reach approximately 140 trillion yuan by 2025, with incremental policies to be introduced based on evolving circumstances [1][7] - Six major state-owned banks have initiated mid-term dividend distributions for 2025, totaling over 200 billion yuan, maintaining a dividend payout ratio of 30% or more of net profit attributable to shareholders [1][7] Group 2 - The marine economy is projected to exceed 10 trillion yuan in gross production value for the first time in 2024, with a year-on-year growth of 5.6% in the first three quarters of this year [1][7] - The passenger vehicle market is expected to grow by 11% in 2025, driven by policy factors, while the commercial vehicle sector is seeing strong growth in new energy vehicles [1][7] - The Shenzhen Stock Exchange announced adjustments to various indices, with the weight of strategic emerging industries in the ChiNext Index reaching 93% and 98% in the ChiNext 50 Index, highlighting the significance of new information technology sectors [1][7]

瑞财经 严明会12月10日，国仪量子技术（合肥）股份有限公司（以下简称：国仪量子）科创板IPO获受 理，保荐机构华泰联合证券，保荐代表人桂程、梁凯，会计师事务所为容诚会计师事务所。 国仪量子成立于2016年，注册资本3.6亿元，主营高端科学仪器的研发，客户主要分为高校及科研院 所、企业客户两大类。截至招股说明书签署日，公司应用于主营业务的发明专利129项。 国仪量子本次拟募资11.7亿元，用于高端科学仪器产业化、量子技术发展研究院建设以及应用中心网络 建设项目。 截至招股说明书签署之日，国仪量子实际控制人为贺羽、荣星，二人自2017年 7 月开始签署一致行动协 议，合计控制公司34.87%的表决权。贺羽担任公司董事长、总经理，荣星担任公司董事。 贺羽、荣星不直接持有公司股份，二人通过合肥司坤间接控制公司27.20%表决权，同时贺羽通过合肥 微扰间接控制公司3.24%表决权、通过合肥自旋间接控制公司3.24%表决权、通过合肥粒子间接控制公 司1.19%表决权。 中国科学技术大学旗下科大控股，是国仪量子第二大股东，持股14.75%。 贺羽，1992年出生，中国科学技术大学博士研究生，高级工程师。2013年7月，任 ...

的资产占比上升到约15%，但这一比例仍远低于美国居民超过50%的水平。因此，随着居民储蓄逐步从 楼市向股市、基金转移，我国家庭资产配置结构预计将继续优化，配置在优质股票和优质基金上的资产 占比有望逐步提升，这将成为普通居民分享经济增长红利的一个重要渠道。资本市场上涨所带来的财富 效应，能让更多投资者持有"白龙马股"或优质公募基金份额，从而推动家庭资产总量的稳步提升，并进 一步支撑消费增长。这种由资产结构调整引发的正向循环，可能会成为未来几年经济与资本市场联动中 的一个关键变化点。 当前我国经济正处于由"出口+投资"拉动向"消费+科技"驱动的关键转型时期，消费对GDP增长的贡献度 持续上升，近两年甚至已经超过投资和出口贡献之和，因此提振消费被视为未来增长的重点方向。中央 经济工作会议预计将通过"提振消费专项行动"等方式，进一步稳定内需、推动物价温和上涨。11月CPI 同比上涨0.7%，实现由负转正，但距离2%左右的政策目标仍有明显差距，这意味着在扩大内需、推动 通胀回到合理区间方面政策仍需继续发力；一般认为3%以内的温和通胀是有利于经济增长和居民生活 改善的。今年以来，通过整治"内卷式竞争"、推进去产能以及纵深 ...

（文章来源：证券日报） 证券日报网讯 12月11日，南网数字在互动平台回答投资者提问时表示，公司暂未直接涉及通用量子计 算机的研发或技术输出。目前公司量子技术应用聚焦电力能源行业特定需求，公司已掌握电力量子传感 器的设计制造与应用关键技术。公司主营业务包括电网数字化、企业数字化和数字基础设施三大业务体 系，其中数字基础设施业务类别中的数据中心（IDC）业务包含算力投资、建设、运营服务，具体情况 参见公司招股说明书。 ...