"1科创"生态服务平台将积极服务科创的全生命周期、链接生态的各个主体，紧紧围绕科技成长和企业需求。 7月26日，第一财经"1科创"生态服务平台正式发布并全面启动。这是第一财经深化服务创新驱动发展、赋能科技创新主体的战略性举措。 当前，我国坚持把科技创新摆在国家发展全局的核心位置，加快培育新质生产力。传统产业升级与新兴产业崛起之势迅猛，为中国经济长期前行注入强劲动 力。上海承担着建设国际科技创新中心的历史使命，抢抓机遇，以服务国家战略为牵引，不断增强科技创新策源功能和高端产业引领功能，加快建成具有全 球影响力的科技创新高地。在各方看来，这不仅仅是对上海这座创新之城的发展目标，更是对所有创新参与者提出的课题。 "第一财经生于上海，辐射全国，链接全球。我们已经深刻认识到，科技创新正在从单点突破迈向系统协同，需要生态化、系统性的服务与支持。"上海广播 电视台（上海文广集团）副台长、副总裁，上海第一财经传媒有限公司党委书记、董事长李蓉表示，此次推出"1科创"生态服务平台，正是要通过重构生态 场景与项目矩阵，以专业能力与工具链接生态主体与多元资源，强化服务产业转型、服务科创成长的核心目标，加快推动生态级护航之力的构建和落 ...

Group 1 - The core viewpoint emphasizes that innovation and technology (referred to as "创科") have become the core driving force for high-quality development in Hong Kong, marking a significant shift from previous economic focuses [1] - The contribution of innovation and technology to Hong Kong's economic growth is substantial, with related activities such as product design, data and software services, and technical development gaining increasing importance [2] - The value added from "computer programming, data, and industrial internet services" increased from HKD 5 billion to HKD 25.5 billion from 2000 to 2023, representing a growth of over four times [2] Group 2 - The development of innovation and technology is changing the local economic ecosystem and creating a more favorable business environment, particularly benefiting the financial market [3] - In the first half of the year, the total amount raised through IPOs in Hong Kong reached HKD 107.1 billion, a sevenfold increase year-on-year, making it the highest globally [3] - Notable mainland tech companies are using Hong Kong as a strategic base for international expansion, with companies like CATL successfully raising funds for European projects [3][5] Group 3 - The innovation and technology sector is fostering a vibrant employment and entrepreneurial ecosystem in Hong Kong, with record applications for internships and job vacancies in related fields [5] - The number of startups in Hong Kong has surged to approximately 4,700 by the end of last year, indicating a thriving innovation ecosystem that is expected to generate more job opportunities [5] Group 4 - Hong Kong is home to five world-class universities, which rely on excellent research outcomes and talent to maintain their global rankings [6][9] - The presence of top researchers in various fields has led to significant scientific achievements, enhancing Hong Kong's reputation in global research [7] Group 5 - The contribution of innovation and technology extends to enhancing smart city initiatives and improving government governance, with the "Smart Convenience" platform serving nearly 3.6 million users [10] - The government is leveraging technology to improve public services, including collaborations with research institutions to enhance efficiency in various sectors [12] Group 6 - The rapid evolution of generative artificial intelligence is showcasing its potential in social governance and public services, with numerous projects utilizing AI technology [13] - The establishment of the Hong Kong Generative AI Research Center aims to develop local AI models and applications to improve government operations and public service delivery [13] Group 7 - The flourishing innovation and technology sector is enhancing Hong Kong's soft power, with the city hosting various international tech events and awards [14] - Events like the "Hong Kong International Innovation and Technology Expo" and the "Future Science Prize" are elevating Hong Kong's global influence in the innovation sector [14]

www.hczq.com 证券研究报告 | 医药生物 | 2025年7月26日 华创医药投资观点&研究专题周周谈 · 第136期 高血压创新药是一笔好生意吗？ 联系人：朱珂琛 华创医药团队： 首席分析师 郑辰 联席首席分析师 刘浩 医疗器械组组长 李婵娟 中药和流通组组长 高初蕾 分析师 王宏雨 分析师 朱珂琛 执业编号：S0360520110002 邮箱：zhengchen@hcyjs.com 执业编号：S0360520120002 邮箱：liuhao@hcyjs.com 执业编号：S0360520110004 邮箱：lichanjuan@hcyjs.com 执业编号：S0360524070002 邮箱：gaochulei@hcyjs.com 执业编号：S0360523080006 邮箱：wanghongyu@hcyjs.com 执业编号：S0360524070007 邮箱：zhukechen@hcyjs.com 本报告由华创证券有限责任公司编制 卖的出价或询价。本报告所载信息均为个人观点，并不构成对所涉及证券的个人投资建议。 请仔细阅读PPT后部分的分析师声明及免责声明。 @2021 华创 版权所有 行情 ...

Core Viewpoint - Innovation and technology (referred to as "创科") have become the core driving force for high-quality development in Hong Kong, marking a significant shift from traditional industries to a more technology-driven economy [2][3]. Group 1: Economic Contribution of Innovation and Technology - The contribution of innovation and technology to Hong Kong's economic growth has become substantial, with activities related to product design, data and software services, technology development, and professional technical services gaining increasing importance [4]. - From 2000 to 2023, the value added from "computer programming, data, and industrial internet services" increased from 5 billion HKD to 25.5 billion HKD, more than quadrupling; the value added from "R&D, design, testing, and environmental engineering services" rose from 3.3 billion HKD to 13.3 billion HKD, growing approximately threefold [4]. - In 2023, the value added from "manufacturing and new industrial sectors" was 76.8 billion HKD, a 7.6% increase from the previous year, accounting for 2.6% of local GDP [4]. Group 2: Changing Business Environment - The development of innovation and technology is transforming Hong Kong's economic ecosystem, creating a more favorable business environment, particularly in the financial market [6]. - In the first half of the year, the total amount raised through IPOs in Hong Kong reached 107.1 billion HKD, a sevenfold increase year-on-year, making it the largest globally, with tech sector companies playing a significant role [6][7]. - The Hong Kong Stock Exchange has optimized listing rules to facilitate the listing of tech companies, which is expected to attract more innovation-driven enterprises to raise funds in Hong Kong [7]. Group 3: Employment and Talent Development - The innovation and technology sector is fostering a vibrant employment and entrepreneurial ecosystem, with record applications for internship programs at the Hong Kong Science Park [9]. - In the first quarter, there was a 10% increase in full-time job vacancies for local university graduates in electronics, industrial, electrical, and mechanical engineering [9]. - The number of startups in Hong Kong has rapidly increased, reaching approximately 4,700 by the end of last year, supported by the Innovation and Technology Bureau [9]. Group 4: Research and Development - Hong Kong is home to five universities ranked among the world's top 100, which is supported by high-quality research and a strong academic environment [11]. - The city has 1,534 scholars listed among the top 2% of scientists globally, with notable achievements in various fields, including non-invasive prenatal genetic testing and Alzheimer's disease detection [12][14]. Group 5: Smart City and Governance - The contribution of innovation and technology extends to enhancing smart city initiatives and optimizing government governance, with the "Smart Convenience" digital service platform registering nearly 3.6 million users [16]. - The government is leveraging technology to improve public services, including collaborations with research institutions to enhance efficiency in various sectors [16][17]. Group 6: Global Influence and Soft Power - The robust development of innovation and technology in Hong Kong is enhancing its global influence, with the city hosting significant international innovation and technology events [20]. - Events like the "Hong Kong International Innovation and Technology Expo" and the "Future Science Prize" are elevating Hong Kong's status as a global innovation hub [20].

位于上海张江科学城的国家蛋白质科学研究(上海)设施于2015年7月28日通过国家验收正式开放运行。 开放运行十年来，蛋白质设施共服务全国504家单位，支撑超过2500个研究团队、累计10万余人次用户 开展实验研究，支撑完成科研课题超13400项，发表高水平研究论文4000余篇。在疾病机理解析、创新 药物研发、合成生物设计等前沿应用领域取得了一系列重大研究成果，推动了多项原创性科研成果落地 转化，在提升我国生命科学原始创新能力和生物医药自主可控水平方面发挥了重要作用。(新华社) ...

7月25日至7月28日，第33届全国图书交易博览会在重庆举办。本届书博会以"书香中国·阅读之美"为主题，主会场 设在重庆国际博览中心，展区总面积8万余平方米，吸引了来自重庆、北京、上海、山东、四川等30多个省区市的 1000余家出版社、期刊社、创新企业参展，现场有超10万种优秀图书亮相，全方位展示全国出版业的丰硕成果。 除主会场，同时在重庆市南岸区、大足区设分会场，并开设线上专区。 据悉，在书博会期间，共计将举行300余场特色活动，包括"读者大会""少儿阅读嘉年华""陆海讲读堂""2025网行 者大会""红沙发系列访谈"等活动，陈晋、李敬泽、阿来、祝勇、赵冬梅、刘楚昕、苏童等一大批名家作者也将来 到现场进行交流。此外，书博会还特别设置了"真理之光——党的创新理论出版成果展""阅见中国——全国图书精 品展""陆海之约——以出版力量推动陆海文明互鉴""书驿栖光——特色书店展""龛韵千年——中国石窟寺出版作 品展""旧书新知"主题展区等，宣传党的创新理论，传播中华优秀传统文化，并充分展现重庆多元交融、底蕴深厚 的文化特色。 特别值得一提的是，本届书博会将首次开设夜场。7月26日，主会场所有展馆将延长闭馆时间至20: ...

提振消费是扩内需、稳增长的关键点。中央经济工作会议将大力提振消费列为今年重点工作任务之首。 近期，围绕不断提升支付便利性，服务扩内需、惠民生需求，数字人民币App持续优化相关功能推出新 版本：其中，优化银行卡绑卡流程、优化登录方式支持一键登录APP、数字人民币小组件等功能让支付 更便捷高效。 如何添加桌面小组件？用户可通过苹果或安卓操作系统的小组件功能进行添加。以苹果手机为例，用户 长按手机桌面进入编辑状态（手机系统需要iOS14及以上），点击桌面左上角"编辑"按钮，在弹出的菜 单点击"添加小组件"，搜索"数字人民币"，点击"添加小组件"按钮即可完成添加。 同时，用户可自定义小组件皮肤，数字人民币App以IP吉祥物"圆圆"为主创元素推出"财源广进""热爱祖 国""美好生活""圆气盈年"等16款皮肤，在传递美好祝福寓意的同时也可让手机桌面"颜值"更出众。 "消费红包使用体验的优化则显示出数字人民币持续发力服务扩内需、惠民生：App收银台界面可展示 和使用的营销优惠类别增多且更为清晰明确。"业内专家如是评价。受访专家表示，后续可在提振消费 工作中扩大数字人民币运用，利用其数字化、智能化优势满足补贴资金精准、安全、 ...

Market Review - The overall performance of the pharmaceutical sector is optimistic, with the CITIC Pharmaceutical Index rising by 1.97%, outperforming the CSI 300 Index by 0.28 percentage points [5] - The top ten stocks by increase include Haitai Biological, Zhendong Pharmaceutical, and Seli Medical, while the top ten stocks by decrease include *ST Suwu, Yong'an Pharmaceutical, and Lisheng Pharmaceutical [4][5] Sector Insights and Investment Strategy - The pharmaceutical sector is currently undervalued, with public funds showing low allocation to this sector. The macroeconomic environment is improving, leading to optimism for growth in the pharmaceutical industry by 2025 [9] - In the innovative drug space, there is a shift from quantity to quality, focusing on differentiated products and internationalization. Companies with profitable products are expected to perform well [9] - The medical device sector is seeing a recovery in bidding volumes, particularly in imaging equipment, and there is a push for home medical devices due to subsidy policies [9] - The CXO and life sciences services sector is expected to see a rebound in investment, with a gradual recovery in domestic financing [9] - The specialty API sector is poised for growth as costs improve and valuations are at a ten-year low, with a focus on companies that can capitalize on patent expirations [9] Industry and Company Events - The hypertension drug market in China is significant, with approximately 365 million patients, indicating a strong demand for hypertension medications [14] - The competitive landscape for hypertension drugs is intense, with many generic products available. However, innovative drugs remain scarce, presenting opportunities for companies in this space [18] - High blood pressure medications have strong brand loyalty and long life cycles, with low price sensitivity among patients, which enhances brand recognition [20] - Companies like Xinlitai are focusing on innovative hypertension drugs and expanding their product lines to include various combinations and new mechanisms [29][31]

证券研究报告 | 2025年07月26日 港股投资周报 资源行业领涨，港股精选组合年内上涨 50.61% 核心观点 金融工程周报 港股精选组合绩效回顾 本周，港股精选组合绝对收益 0.69%，相对恒生指数超额收益-1.58%。 本年，港股精选组合绝对收益 50.61%，相对恒生指数超额收益 24.05%。 港股市场创新高热点板块跟踪 南向资金监控 南向资金整体方面，本周港股通累计净流入 324 亿港元，近一个月以来港股 通累计净流入 1024 亿港元，今年以来港股通累计净流入 8200 亿港元，总 体来看近期南向资金呈现出整体流入的走势。 本周港股通资金中，中国人寿、建设银行和快手-W 流入金额最多，中国移 动、小米集团-W 和泡泡玛特流出金额最多。 我们根据分析师关注度、股价相对强弱、股价路径平稳性、创新高连续性等 角度在过去 20 个交易日创出过 250 日新高的股票池中筛选出平稳创新高股 票。 近期，阜丰集团等股票平稳创出新高。 按照板块来看，创新高股票数量最多的是医药板块，其次为大金融、消费、 科技和周期板块，具体个股信息可参照正文。 港股市场一周回顾 宽基指数方面，本周恒生中型股指数收益最高，累计收 ...

谈及气候变化对农业生产的影响，林英儿对21世纪经济报道记者表示，韩国农田面积相对较少，因此农 业受到气候变化的冲击更加明显，农产品价格波动大。而韩国从中国进口新鲜农产品，一定程度可以平 衡和缓解潜在风险。韩国大部分家畜饲料都是从国外进口的，比如大豆主要从美国和巴西进口。因此， 未来可以增加进口来源的多样化。此外，中国和韩国在发展气候智慧型农业方面拥有技术优势，双方可 以加强在此领域的知识交流，考虑开展联合研究项目。 21世纪经济报道记者舒晓婷 北京报道 "自2015年签署自贸协定以来，中国和韩国的农产品贸易量稳步上升。韩国主要从中国进口水果、蔬菜 等新鲜农产品，对华出口加工食品。"韩国农村经济研究院北京代表处首席代表林英儿对21世纪经济报 道记者称。 近日，第十六届农业贸易政策国际会议在北京召开，此次会议为第三届链博会同期活动。林英儿在会议 间隙接受21世纪经济报道记者采访时指出，鉴于中国和韩国在市场竞争力方面的差异，目前双方贸易结 构相对平衡，是一种双赢的战略。虽然有一些非市场因素的影响，但整体来说双方农产品贸易规模保持 向好。 当前，科技创新成为推动各国农业发展的重要抓手。在林英儿看来，中国和韩国围绕农业 ...