Group 1 - The Shanghai Stock Exchange Science and Technology Innovation Board Composite Index (000680) increased by 0.26% as of May 23, 2025, with notable gains from constituent stocks such as Sunshine Nuohong (688621) up 17.40%, Wanyi Technology (688600) up 14.11%, and Yinghantong (688080) up 13.49% [3] - The Huaxia Science and Technology Innovation Index ETF (589000) rose by 0.11%, with a latest price of 0.93 yuan, and recorded a turnover rate of 2.81% during the trading session, with a transaction volume of 76.43 million yuan [3] - Over the past month, the average daily transaction volume of the Huaxia Science and Technology Innovation Index ETF was 175 million yuan, ranking first among comparable funds, with a net inflow of 130 million yuan over the last 19 trading days [3] Group 2 - A joint policy initiative titled "Several Policy Measures to Accelerate the Construction of a Technology Finance System to Support High-Level Technological Self-Reliance" was issued by seven government departments, including the Ministry of Science and Technology and the People's Bank of China [3] - Dongfang Caifu Securities believes that the policy measures will help coordinate various financial tools to provide comprehensive services for technological innovation, guiding long-term capital into the technology sector and accelerating the establishment of a diversified technology investment landscape in China [3] Group 3 - The Huaxia Science and Technology Innovation Index ETF closely tracks the Shanghai Stock Exchange Science and Technology Innovation Board Composite Index, focusing on hard technology sectors, particularly in strategic emerging industries such as new-generation information technology, high-end equipment, biomedicine, new energy, new materials, and energy conservation and environmental protection [4]

Core Viewpoint - The joint release of the "Policies and Measures to Accelerate the Construction of a Science and Technology Financial System" aims to support high-level technological self-reliance through 15 policy measures across seven areas, including monetary credit, capital markets, and technology insurance [1] Group 1: Financial Support Mechanisms - The "345" science and technology financial service system includes a policy system, product supply system, and professional organization system, with a loan balance for high-tech enterprises reaching 17.7 trillion yuan, a 20% year-on-year increase [2] - Four pilot projects are designed to support technology enterprises in obtaining long-term and patient capital, including a financial asset investment company equity investment pilot with a signed intention amount exceeding 380 billion yuan [2][3] - The system emphasizes the roles of five types of financial institutions, with policy banks providing long-term, low-interest financing, and commercial banks focusing on technology innovation as a key support area [3] Group 2: Technology Insurance Development - Technology insurance serves as a "shock absorber" and "stabilizer" for key core technology breakthroughs and future industry development, with cumulative risk protection exceeding 1 trillion yuan since the pilot began [4] - Recent policy changes allow insurance funds to invest in unlisted equity of strategic emerging industries, with risk factors for investments in technology enterprises adjusted to enhance capital adequacy [4][5] - The financial regulatory authority is working on high-quality development policies for technology insurance to optimize the service system and enhance risk compensation and funding leverage [5] Group 3: Strengthening Financial Institutions - The "Policies and Measures" document is a comprehensive policy framework aimed at directing more financial resources towards technological innovation, enhancing the quality and efficiency of science and technology financial services [6] - Financial institutions are encouraged to integrate science and technology financial services into their strategic planning and establish independent management mechanisms [6][7] - There is a focus on developing a differentiated evaluation system for technology financial services, emphasizing technology talent and research capabilities, while promoting digital transformation in service operations [7]

就资本市场而言，对《政策举措》的解析，明确我国正在构建科技金融机制是为了从根本上解决现有科 技发展的痛点问题，将有助于提升科创标的对长期资金的吸引力。在目前A股市场处于美国对等关税影 响减弱、国内财政货币政策持续发力的大环境中，科创领域对资金吸引力的上升，有望成为市场短期继 续震荡上行的重要推动力量。 2025年5月22日下午3时，国新办举行新闻发布会，多位相关负责人介绍科技金融政策有关情况，并答记 者问。此次新闻发布会详细解析了5月13日科技部等七部门联合印发的《加快构建科技金融体制有力支 撑高水平科技自立自强的若干政策举措》的出台背景和重点内容。 数据显示，截至2025年4月30日，上证科创板综合指数(000680)前十大权重股分别为海光信息(688041)、 寒武纪(688256)、中芯国际(688981)、金山办公(688111)、中微公司(688012)、百利天恒(688506)、联影 医疗(688271)、澜起科技(688008)、传音控股(688036)、华润微(688396)，前十大权重股合计占比 23.41%。 湘财证券指出，5月22日国新办新闻发布会从创业投资、货币信贷、资本市场、科技保险 ...

当前，在"双碳"战略引领下，企业科技转型与绿色技术创新交织。中国农业银行杭州分行推出"智慧科 技贷"系列产品，通过知识产权质押、科创企业精准评分等手段，架起金融与科技深度融合的桥梁，让 技术创新"碳足迹"转化为绿色发展"新动能"。 在浙江洁普智汇能源科技有限公司（以下简称"洁普智汇"）实验室，屏幕上跳动着全国80余个工业园区 的能源数据，技术人员正对新一代复合冷源热管液冷系统进行能效测试。这项斩获2023年中国IDC绿色 解决方案奖的创新技术，应用于国内多个大型数据中心项目。 作为国家高新技术企业，洁普智汇的成长轨迹映射着科技型企业的创新突围之路。企业复合冷源热管液 冷技术应用在集装箱储能节能空调、5G基站散热空调上，相比传统空调，节能率达50%以上。"我们像 工业领域的'节能医生'，通过系统诊断开出数字化节能处方。"企业负责人邵南军介绍。 新技术研发亟需资金支持。今年3月，农行杭州解放路支行在走访企业过程中，了解到企业存在融资需 求，该行通过农行杭州分行开发的"智慧科技金融平台"，精准识别企业的科技属性。结合企业全生命周 期数据得出评分，系统自动匹配"智慧科技贷"产品，仅用5个工作日便完成500万元信用贷款 ...

Core Viewpoint - The recent news highlights the performance of the Sci-Tech Innovation Board AI Index and the implications of new policies aimed at enhancing financial support for technological innovation in China [3][4]. Group 1: Market Performance - As of May 23, 2025, the Sci-Tech Innovation Board AI Index (950180) decreased by 0.68%, with mixed performance among constituent stocks [3]. - Leading gainers included Haitai Ruisheng (688787) up 4.74%, Tianzhun Technology (688003) up 4.64%, and Aobi Zhongguang (688322) up 2.61% [3]. - The largest decliners were Hengxuan Technology (688608) down 11.11%, Zhongyou Technology (688648) down 5.92%, and Lexin Technology (688018) down 4.12% [3]. Group 2: Policy Insights - The National New Office's press conference on May 22 provided detailed insights into the policy measures aimed at building a robust technology finance system to support high-level technological self-reliance [4]. - The policy measures are designed to address financial support issues faced by major technological tasks and tech-oriented SMEs, promoting a dual approach from both supply and demand sides [4]. Group 3: Fund Performance - The Sci-Tech AI ETF (588790) closely tracks the Sci-Tech Innovation Board AI Index, which includes 30 large-cap companies providing resources and technology for AI [4]. - The ETF saw a significant increase in scale, growing by 229 million yuan over the past week, ranking first among comparable funds [4]. - In terms of shares, the ETF's shares increased by 36.6 million over the past week, also ranking first among comparable funds [5]. Group 4: Capital Inflows - Over the last five trading days, the Sci-Tech AI ETF attracted a total of 199 million yuan in capital inflows, indicating strong interest from leveraged funds [6]. - The net purchase amount for financing this month reached 1.4956 million yuan, with the latest financing balance at 69.559 million yuan [6]. Group 5: Historical Performance - Since its inception, the Sci-Tech AI ETF has achieved a maximum monthly return of 15.59%, with an average return of 15.59% during rising months and an 81.48% probability of profit over three months [6]. - As of May 22, 2025, the ETF's relative benchmark drawdown was 0.40% since inception [6]. Group 6: Fee Structure and Tracking Accuracy - The management fee for the Sci-Tech AI ETF is 0.50%, and the custody fee is 0.10%, making it the lowest among comparable funds [7]. - The tracking error over the past three months was 0.014%, indicating high tracking precision compared to similar funds [7]. Group 7: Top Holdings - As of April 30, 2025, the top ten weighted stocks in the Sci-Tech Innovation Board AI Index accounted for 70.68% of the index, with notable companies including Lanjing Technology (688008) and Cambricon (688256) [7][8].

5月22日下午，国务院新闻办公室举行新闻发布会，科技部副部长邱勇，中国人民银行副行 长、国家外汇局局长朱鹤新，金融监管总局新闻发言人、政策研究司司长郭武平，中国证监 会首席风险官、发行监管司司长严伯进出席发布会，介绍科技金融政策有关情况，并回答记 者提问。 日前 ，科技部会同中国人民银行、国家金融监管总局、中国证监会、国家发展改革委、财政 部、国务院国资委等七部门联合印发了《加快构建科技金融体制 有力支撑高水平科技自立自 强的若干政策举措》 （ 以下简称《政策举措》）。 据介绍，《政策举措》聚焦创业投资、货币信贷、资本市场、科技保险、债券市场等7个方 面，提出了15项政策举措。主要包括四个方面内容：设立"国家创业投资引导基金"，引导创 业投资"投早、投小、投长期、投硬科技"。用好用足结构性货币政策工具，引导金融机构加 大对科技型企业的信贷支持。发挥资本市场的关键枢纽作用，支持科技型企业直接融资。发 展科技保险，更好发挥创新风险分担和补偿作用。 科技部：适时推出"创新积分制"升级版2.0 科技部副部长邱勇表示，希望通过《政策举措》的深入实施，实现三个方面的效果：一是建 立金融支持科技创新的长效投入机制。二是建立 ...

朱鹤新表示，近期出台的《若干政策举措》，对进一步深化体制机制创新，提出了更加具体的工作举措。首先是要提升科技贷款的投放强度和 服务能力。 央视网消息：在国务院新闻办公室5月22日下午举行的新闻发布会上，中国人民银行副行长、国家外汇管理局局长朱鹤新表示，科技金融的"四 梁八柱"已经基本搭建完成。 同时，推动银行深化科技信贷服务能力的建设，提升服务覆盖面，让更多中小科技企业获得优质的信贷服务。推动银行、保险、证券等各类金 融机构和股权投资机构之间的分工协作，形成差异化、专业化的发展格局。鼓励开发性政策性金融机构为国家重大科技任务提供融资支持。同 时，要提高科技要素密集地区的金融服务水平。 朱鹤新表示，科技金融的"四梁八柱"已经基本搭建完成，从而推动多元金融体系初步形成。到2025年3月末，科技型中小企业贷款余额已超过 3.3万亿元，而且同比增长24%，连续3年的增速都超过了20%。全国"专精特新"企业贷款余额已经超过了6.3万亿元，同比增长15.1%。 金融监管总局：四项试点让科技企业拥有更多耐心资本 朱鹤新表示，规模上要更有力度，人民银行已经将科技创新和技术改造再贷款的规模由5000亿元提升到8000亿元。同时 ...

Core Viewpoint - The article discusses the recent issuance of the "Several Policy Measures to Accelerate the Construction of a Technology Finance System" by multiple Chinese regulatory bodies, aiming to enhance the synergy between technology and finance to support high-level technological self-reliance and strength. Group 1: Policy Framework and Objectives - The "Several Policy Measures" focus on seven areas including venture capital, monetary credit, capital markets, technology insurance, and bond markets, proposing 15 policy measures that include both upgrades to existing policies and innovative new measures [1][3]. - The measures aim to establish a long-term financial support mechanism for technological innovation, enhance financing arrangements for major national technology tasks, and address the financing difficulties faced by technology-based SMEs [3][4]. Group 2: Financial Support Mechanisms - The People's Bank of China has increased the scale of re-loans for technological innovation from 500 billion to 800 billion yuan and reduced the re-loan interest rate from 1.75% to 1.5% to provide more substantial and precise loan support for enterprises [4][5]. - A "Technology Board" in the bond market is being developed to facilitate the issuance of technology innovation bonds, with around 100 institutions already issuing bonds exceeding 250 billion yuan [5][9]. Group 3: Capital Market Role - The capital market is emphasized as a key hub for supporting technological innovation, with measures to optimize the environment for domestic listings of technology companies and enhance the functions of various market segments [8][9]. - Specific policies are being implemented to support high-quality technology companies, including a "green channel" for those breaking through key core technologies and promoting mergers and acquisitions in the technology sector [9][10]. Group 4: Financial Ecosystem Development - The article highlights the need to cultivate a comprehensive technology finance ecosystem by promoting collaboration among banks, insurance, securities, and equity investment institutions [5][6]. - Financial institutions are encouraged to adopt differentiated strategies for technology finance, including the establishment of independent management mechanisms and the use of technology enterprise innovation points to improve loan approval rates [6][7].

Core Viewpoint - The article emphasizes the importance of collaboration between the technology and finance sectors to support high-level technological self-reliance and innovation in China, as outlined in the recently released policy measures by multiple government departments [1][2]. Group 1: Policy Measures Overview - The joint policy measures focus on seven areas including venture capital, monetary credit, capital markets, technology insurance, and bond markets, proposing 15 specific initiatives aimed at enhancing financial support for technology innovation [2][3]. - Key initiatives include the establishment of a "National Venture Capital Guiding Fund" to encourage early, small, long-term investments in hard technology, and the use of structural monetary policy tools to increase credit support for technology enterprises [2][3]. Group 2: Capital Market Highlights - The policy measures introduce a "green channel" mechanism for technology enterprises in capital markets, reforming the Sci-Tech Innovation Board and the Growth Enterprise Market to provide better institutional support for innovative companies [3]. - A notable innovation is the proposal to establish a "Technology Board" in the bond market, aimed at raising long-term, low-interest, and easily accessible bond funds for technological innovation [3][4]. Group 3: Financial Support and Ecosystem - The measures aim to create a comprehensive financial support system for major technological tasks and the development of small and medium-sized technology enterprises, focusing on both supply and demand sides [3][6]. - The policy emphasizes the need for a diversified and relay-style financial support system, encouraging participation from various financial entities such as venture capital, insurance funds, and social security funds [3][6]. Group 4: Current Market Response - As of now, nearly 100 institutions have issued over 250 billion yuan in technology innovation bonds, indicating a positive market response to the establishment of the "Technology Board" [4]. - The capital market reforms have led to over 90% of new listings in 2024 being in strategic emerging industries or high-tech enterprises, showcasing the growing cluster of key technology companies [5]. Group 5: Future Directions - The financial regulatory authorities plan to enhance the intensity and service capacity of technology loans, develop the "Technology Board" in the bond market, and improve the financial service levels in technology-intensive regions [6]. - The goal is to establish a long-term financial support mechanism for technology innovation and address the financing challenges faced by technology-oriented small and medium enterprises [6].

2025.05. 23 【今日推荐】 七部门推出15项重磅举措 作为实现科技和金融"双向奔赴"的基础性、引领性制度安排，近日，科技部会同中国人民银行、国家 金融监管总局、证监会等七部门联合印发《加快构建科技金融体制有力支撑高水平科技自立自强的若 干政策举措》。《政策举措》聚焦创业投资、货币信贷、资本市场、科技保险、债券市场等七个方 面，提出了15项政策举措，既有存量政策的迭代升级，也有增量政策的创新供给。 美国政府暂停哈佛大学招收国际学生资格 美国国土安全部5月22日表示，特朗普政府已暂停哈佛大学招收国际学生的资格。美国国土安全部部 长克里斯蒂·诺姆在致哈佛大学的一封信中表示，哈佛大学的学生和交流访问者项目（SEVP）认证 即日起被撤销。信中表示，此次认证撤销将使哈佛大学在2025-2026学年不得招收任何持F类或J类 非移民身份的外籍学生。此外，现有持F类或J类非移民身份的学生必须转学至其他高校，否则将无 法维持其非移民身份。 官方通报黄杨钿甜父亲情况核查进展：立案调查 近期，网络反映黄杨某甜"天价耳环"有关情况引发社会关注。雅安市成立由纪检监察、公安、市场监 管等部门组成的联合工作组，对其父杨某在雅安工作 ...