Group 1: Free Preschool Education Policy - The State Council has announced a gradual implementation of free preschool education, starting from the autumn semester of 2025, exempting public kindergartens from charging care fees for children in their final year [2][3] - The policy is expected to benefit approximately 12 million children this autumn semester, with financial support from the central and local governments to compensate kindergartens for lost income [2][3] - This initiative aims to reduce childcare costs and promote educational equity, contributing to long-term population development strategies [3] Group 2: Brain-Computer Interface Industry Development - Seven departments, including the Ministry of Industry and Information Technology, have issued guidelines to achieve breakthroughs in key brain-computer interface technologies by 2027, establishing a comprehensive technology and industry system [4][5] - The guidelines aim to expand the application of brain-computer interface products across various sectors, including industrial manufacturing and healthcare, and to foster the growth of 2 to 3 industry clusters [4][5] - The brain-computer interface sector is expected to see significant innovation and the emergence of globally influential companies by 2030, with a focus on enhancing innovation capabilities [4][5][6] Group 3: Financial Support for New Industrialization - The People's Bank of China and other departments have released guidelines to support new industrialization, proposing 18 measures to enhance the financial system's adaptability to manufacturing [7][8] - The guidelines emphasize the importance of financial support for high-end, intelligent, and green manufacturing, aiming for a mature financial system by 2027 [7][8] - The focus is on optimizing financial policies to support key technologies and products, ensuring that manufacturing enterprises' credit needs are met [8] Group 4: China's Foreign Trade Performance - China's total goods trade value reached 25.7 trillion yuan in the first seven months of the year, with a year-on-year growth of 3.5%, and exports increased by 7.3% [9][10] - In July, exports grew by 8%, marking the highest growth rate of the year, while imports rose by 4.8%, indicating a recovery in domestic demand [9][10] - The performance is attributed to Chinese manufacturers leveraging the US-China tariff pause and actively exploring new markets in Southeast Asia, Africa, and Latin America [10] Group 5: Beijing Real Estate Policy Adjustment - Beijing has announced a policy change allowing families to purchase an unlimited number of homes outside the Fifth Ring Road, provided they meet certain residency and tax criteria [13][14] - The policy aims to stimulate the real estate market and is accompanied by increased support for housing provident funds, including higher loan limits for second homes [13][14] - Despite the easing of purchase limits, the policy does not eliminate the qualification requirements for non-local families, indicating a cautious approach to market adjustments [14] Group 6: Commercial Health Insurance Development in Shanghai - Shanghai has introduced the "New 18 Measures" to promote the high-quality development of commercial health insurance, particularly in supporting the biopharmaceutical industry [15][16] - The measures focus on enhancing collaboration between basic medical insurance and commercial insurance, addressing payment mechanisms and regulatory innovations [15][16] - The initiative aims to improve the accessibility and affordability of innovative drugs and medical devices, potentially boosting the commercial health insurance market [16] Group 7: Mergers and Acquisitions in State-Owned Enterprises - China Shipbuilding and China Heavy Industry have received approval for a merger, marking a significant consolidation in the state-owned enterprise sector [17][18] - This merger is part of a broader trend of accelerated integration among state-owned enterprises, with a focus on enhancing industrial efficiency and competitiveness [17][18] - The recent regulatory changes have led to increased activity in the M&A market, with a notable rise in large-scale transactions [18]

Core Points - The provincial Department of Industry and Information Technology has issued a notice to collect typical application cases of artificial intelligence empowering new industrialization in Liaoning Province for the year 2025 [1] - The focus is on four major directions: industry applications, equipment products, support guarantees, and other special projects [1] Group 1: Industry Applications - Emphasis on four trillion-level industrial bases and 22 key industrial clusters, targeting key links such as product research and development, process design, and production management [1] - Cases should demonstrate innovation, promotional value, and possess certain economic and social benefits, as well as a role in demonstration and guidance [1] Group 2: Equipment Products - Focus on equipment products empowered by artificial intelligence, including the development of industry large models, intelligent terminal products, high-end intelligent equipment, and intelligent industrial software [1] - Cases should reflect the trend of intelligent development of equipment products and have certain promotional value [1] Group 3: Application Case Submission - Applicants must be enterprises, research institutes, and universities with core capabilities in artificial intelligence empowering new industrialization [1] - Submitted cases should have a high technical level and strong representativeness, demonstrability, and innovation [1] Group 4: Selection and Recommendations - The provincial Department will organize experts to select outstanding cases for inclusion in the cultivation database of typical applications empowered by artificial intelligence [1] - The selection results will be used as important references for recommending key projects to various provincial departments and for talent recommendations in "Artificial Intelligence + Manufacturing" [1]

（文章来源：证券日报） 证券日报网讯山东矿机8月8日在互动平台回答投资者提问时表示，公司高度重视新型工业化发展趋势， 专注于为矿业（煤矿）、基础设施建设等领域提供全面的解决方案，持续投入研发并推进生产线自动化 改造，实现"机器代人"，主动迎合工业物联网模式，为客户提供智能设备，实现智能检测，助力客户提 升生产安全性、降本增效。 ...

Core Viewpoint - The company emphasizes its commitment to new industrialization trends by providing comprehensive solutions for mining and infrastructure construction, focusing on automation and smart equipment to enhance production safety and efficiency [1] Group 1: Company Strategy - The company is dedicated to the development of new industrialization, particularly in the mining (coal) and infrastructure sectors [1] - Continuous investment in research and development is a priority for the company to advance automation in production lines [1] Group 2: Product Offerings - The company aims to implement "machine replaces human" strategies, aligning with the industrial Internet of Things (IoT) model [1] - Smart devices are being developed to provide intelligent detection, which assists clients in improving production safety and reducing costs [1]

黑色金属研究团队 研究员：翟贺攀 zhaihepan@ccb.ccbfutures.com 研究员：聂嘉怡 研究员：冯泽仁 fengzeren@ccb.ccbfutures.com 021-60635736 期货从业资格号：F3033782 投资咨询证书号：Z0014484 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 021-60635727 期货从业资格号：F03134307 报告类型 铁矿石日评 日期 2025 年 8 月 8 日 8 月 7 日，铁矿石期货主力 2509 合约震荡偏弱，低开后震荡运行，午间冲高 回落，随后震荡回升，收报 793.0 元/吨，跌 0.25%。 表2：8月7日黑色系期货持仓情况（单位：手、%） 合约 前 20 多头 持仓 前 20 空头 持仓 前 20 多头 持仓变化 前 20 空头 持仓变化 多空 对比 RB2510 992,977 1,006,896 7,755 -24,951 32,706 3.27% HC2510 1,002,530 1,032,141 -12,817 -26,326 13,50 ...

金融支持实体经济，不应陷入内卷。当前，全球制造业处于深度调整与变革期，美欧等发达国家大力推 动制造业回流，新兴经济体也在加快工业化进程。在此背景下，避免内卷漩涡，让金融活水流向技术攻 坚、产业升级的关键之处，才能凝聚起产业竞争力与金融支持力，助力中国制造在国际竞争中锻造不可 替代的核心优势。 引导金融支持新型工业化，正是要解决这些矛盾。优化政策工具、引入耐心资本，是为了破解科技成果 转化资金瓶颈；采用"数据信用+物的信用"模式，是为了解决企业尤其是中小企业融资难题；健全中西 部产业转移金融支持，推进跨境服务便利化，是为了解决资源配置分配不均问题，助力产业布局优化与 国内大循环。单列信贷计划、培养复合型人才等，既能保持制造业合理投入比重，又能提升金融服务精 度，将为新型工业化注入持久动能。 分类施策，符合产业发展规律。新型工业化既有新兴产业培育壮大也包括传统产业转型升级，各产业所 处生命周期、技术成熟度、市场需求情况不同，若不加以区分提供资金支持，易造成资源错配。比如， 对新兴产业过度追捧，大量资金短期内涌入，会催生泡沫，增加风险；对传统产业支持不足，则会延缓 其升级步伐，削弱产业链整体韧性。应针对不同产业特点 ...

Key Insights - The report highlights the core viewpoint that the financial system supporting the high-end, intelligent, and green development of the manufacturing industry is expected to mature by 2027, with a focus on enhancing the adaptability of financial services and ensuring the effective satisfaction of credit demand from manufacturing enterprises [2][3] - The report emphasizes the importance of various financial tools such as loans, bonds, equity, and insurance working in synergy to support the manufacturing sector [2][3] - It identifies six key highlights of the policy, including the emphasis on "new industrialization," the collaborative effort of financial tools, and the focus on long-term financing for manufacturing [2] Manufacturing and Industry Focus - The report suggests paying attention to key industries such as integrated circuits, industrial mother machines, industrial software, and advanced materials, which are expected to benefit from financial support for "supplementing and extending" investments [3] - It emphasizes the importance of hard technology and specialized small and medium enterprises, advocating for early-stage financing and long-term investment in sectors like new-generation information technology and high-end equipment [3] - The report also highlights the role of green finance in promoting low-carbon transitions in manufacturing, recommending investments in environmental protection and resource utilization [3] Digital Economy and Regional Development - The report discusses the need for financial institutions to optimize resource allocation to support industrial transfers to less developed regions, focusing on advanced manufacturing clusters and innovative industry clusters [4] - It highlights the importance of preventing "involution" in competition, particularly in emerging industries like photovoltaics and lithium batteries, to promote high-quality development [4] Public Utilities and Renewable Energy - The report notes a significant decline in new installations for wind and solar energy in June, with expectations for substantial growth in renewable energy installations in the coming years [18][19] - It mentions the commencement of the Yarlung Tsangpo River hydropower project, which is expected to enhance the long-term growth potential of the hydropower industry [19] - The report indicates that the demand for green electricity is becoming clearer, with new policies enhancing the consumption responsibility for renewable energy [20][21] Investment Recommendations - The report recommends focusing on companies in the thermal power sector that have a large market coal exposure and are less affected by coal price fluctuations [22] - It suggests that the water and nuclear power sectors have significant investment value due to low interest rates [22] - The report encourages capturing opportunities in the renewable energy sector, supported by ongoing reforms and policies promoting green electricity consumption [22]

Core Viewpoint - The article discusses the "Guiding Opinions on Financial Support for New-Type Industrialization" issued by several Chinese government departments, outlining a roadmap for enhancing financial support for the manufacturing sector by 2027, focusing on high-end, intelligent, and green development [1][2]. Financial Support Framework - The financial system aims to mature by 2027, with a diverse range of financial tools such as loans, bonds, equity, and insurance, while effectively managing cross-financial risks [1]. - The emphasis is on improving the financial support capabilities for new-type industrialization, addressing internal mechanisms of financial institutions, collaboration among various financial tools, and talent development [2]. Differentiated Financial Services - New-type industrialization is characterized by a focus on quality improvement and reasonable growth, with a shift from traditional industrialization methods [2][3]. - Financial support will prioritize high-tech manufacturing and strategic emerging industries, with a notable increase in credit allocation to these sectors [3]. Key Tasks and Strategies - The "Guiding Opinions" propose optimizing financial policy tools, introducing long-term funds, and enhancing financial services for key enterprises to boost innovation and resilience in supply chains [4]. - A comprehensive, differentiated, and specialized financial service system is being constructed to align with the demands of new-type industrialization [4]. Financial Institutions' Initiatives - Several financial institutions are actively exploring ways to support new-type industrialization, such as offering targeted financial services and utilizing technology for better decision-making [5]. - For instance, the Industrial and Commercial Bank of China has launched specialized financial services on a national platform, while Ningbo Bank has created a one-stop service platform for equipment lifecycle management [5]. Future Directions - Financial support for new-type industrialization will focus on optimizing funding structures, enhancing technology finance services, and promoting green and digital finance [6]. - There is a need to increase the proportion of medium- and long-term loans and innovate credit products to better meet the needs of manufacturing enterprises [7]. Collaboration and Integration - The article highlights the importance of collaboration between financial institutions and technology service providers to facilitate the transformation of scientific achievements into practical applications [8]. - The goal is to achieve a synergistic effect among diversified funding sources, refined risk management, ecological service scenarios, and precise policy guidance, fostering a virtuous cycle among technology, finance, and industry [8].

Report Overview - Report Type: Iron Ore Daily Review [1] - Date: August 7, 2025 [2] - Research Team: Black Metal Research Team [3] - Researchers: Zhai Hepan, Nie Jiayi, Feng Zeren [3] 1. Report Industry Investment Rating - Not provided in the report 2. Report's Core View - On August 6, the iron ore futures main contract 2509 oscillated weakly. The subsequent iron ore arrival volume may fluctuate at a moderately low level until mid - August and then rise again. The downstream steel demand shows a seasonal decline, but the iron - water production remains high. The disk price is mainly affected by macro - sentiment, and it is expected to show a high - level consolidation trend in the short term [7][11] 3. Summary by Relevant Catalogs 3.1 Market Review - **Futures Market**: On August 6, the iron ore futures main 2509 contract oscillated weakly, opening lower, rising during the session, and falling back in the afternoon, closing at 794.5 yuan/ton, down 0.06%. The trading volume was 208,804 lots, the open interest was 358,293 lots, a decrease of 26,208 lots, and the capital outflow was 335 million yuan. Other steel futures also had different trends [5][7] - **Spot Market**: On August 6, the main iron ore outer - market quotes fluctuated from - 0.5 to + 1.5 US dollars/ton compared with the previous trading day, and the prices of main - grade iron ore at Qingdao Port fluctuated from - 3 to 0 yuan/ton compared with the previous trading day [9] - **Technical Analysis**: The daily KDJ indicator of the iron ore 2509 contract showed a golden cross; the green bar of the daily MACD indicator of the iron ore 2509 contract narrowed for 2 consecutive trading days [9] 3.2 Industry News - According to the statistics of the China Iron and Steel Association, in late July, the steel inventory of key steel enterprises was 14.78 million tons, a decrease of 880,000 tons or 5.6% from the previous ten - day period; an increase of 2.41 million tons or 19.5% from the beginning of the year; a decrease of 670,000 tons or 4.3% from the same ten - day period of the previous month; a decrease of 1.27 million tons or 7.9% from the same ten - day period of last year; and an increase of 290,000 tons or 2.0% from the same ten - day period of the year before last. The average daily output of crude steel was 1.982 million tons, a decrease of 7.4% from the previous ten - day period; the average daily output of pig iron was 1.856 million tons, a decrease of 4.5% from the previous ten - day period; and the average daily output of steel was 2.091 million tons, an increase of 0.5% from the previous ten - day period [12] 3.3 Market Outlook - **Macro - news**: Seven departments including the People's Bank of China jointly issued the "Guiding Opinions on Financial Support for New - type Industrialization", aiming to build a mature financial system to support the high - end, intelligent, and green development of the manufacturing industry by 2027 [10][11] - **Fundamentals**: In terms of supply, the recent shipping volume has recovered after a seasonal decline. The current weekly shipping volume of 19 ports in Australia and Brazil is at a medium level. Considering the shipping time, the subsequent arrival volume may oscillate at a moderately low level until mid - August and then rise again. On the demand side, the downstream steel demand shows a seasonal decline, the iron - water production has decreased slightly, but it is still above 2.4 million tons. Steel enterprises' profitability has increased, and they maintain strong production. The subsequent production - reduction process is expected to be slow, which will support the ore price [11]

今日关注 要闻 中共中央办公厅、国务院办公厅印发了《整治形式主义为基层减负若干规定》 6日，中共中央办公厅、国务院办公厅印发了《整治形式主义为基层减负若干规定》（以下简称《若干 规定》），并发出通知，要求各地区各部门认真遵照执行。 通知指出，形式主义、官僚主义是顽瘴痼疾，必须下大力气坚决纠治。基层是贯彻落实党中央决策部署 的"最后一公里"，不能被形式主义、官僚主义束缚手脚。制定《若干规定》，深入贯彻党的二十届三中 全会精神，健全为基层减负长效机制，对于持续深化拓展整治形式主义为基层减负具有重要意义。 通知要求，各地区各部门要严格执行《若干规定》，统筹为基层减负和赋能，切实把基层从形式主义、 官僚主义束缚中解脱出来，引导广大党员、干部积极担当作为，有更多精力抓落实。中央层面整治形式 主义为基层减负专项工作机制要定期督促检查，中央和国家机关各部门、各省级党委和政府在安排部署 工作时要实事求是，党委（党组）要履行好主体责任，各级纪检监察机关要强化监督执行，确保《若干 规定》落到实处。 交通运输部、财政部、自然资源部印发《新一轮农村公路提升行动方案》 预计到2027年，全国完成新改建农村公路30万公里，便捷高效、普惠 ...