Core Viewpoint - The implementation plan aims to promote the development of service-oriented manufacturing from 2025 to 2028, focusing on integrating advanced manufacturing with modern services, optimizing resource allocation, and enhancing the value chain [1][11]. Summary by Sections Service-oriented Manufacturing - Service-oriented manufacturing is defined as a new industrial form that integrates services deeply into the entire lifecycle of manufacturing products, reshaping the value chain and extending the industrial chain [2]. - Previous guidelines have shown some success in promoting service-oriented manufacturing, but challenges remain in key technology supply, standard systems, and application models [2]. Policy Directions - The implementation plan outlines three main policy directions: 1. Encourage R&D of key common technologies in service-oriented manufacturing and publish a technology list. 2. Promote increased innovation investment by enterprises, focusing on integrated R&D and smart operations. 3. Drive the application and iterative upgrade of technological breakthroughs in key scenarios such as shared manufacturing and personalized customization [3]. Development of Productive Services - The plan emphasizes the importance of nurturing key productive service industries, including technology services, industrial design, and various financial and consulting services, to support enterprise innovation and brand development [3]. Application and Promotion - The plan advocates for a categorized approach to promote service-oriented manufacturing across various industries, ensuring that new models are widely disseminated and applied [4]. - It highlights the need to strengthen service-oriented manufacturing in key sectors like new energy vehicles and machinery [4]. Role of Enterprises - Enterprises are identified as the core entities in developing service-oriented manufacturing, with a focus on collaboration between large and small enterprises to foster innovation and digital transformation [5]. - The plan encourages the establishment of public service platforms to enhance service capabilities in consulting, talent matching, and intellectual property [5]. Digital Technology Integration - The integration of digital technologies such as industrial internet, AI, and big data is crucial for transforming manufacturing processes and enhancing service capabilities [6][7]. - The plan emphasizes building new information infrastructure and promoting the fusion of AI with service-oriented manufacturing [7]. Special Actions - The implementation plan includes three special actions: 1. Building shared manufacturing platforms to enhance resource utilization. 2. Cultivating leading service-oriented manufacturing brands. 3. Innovating application scenarios to meet production and consumer demands [8][9]. Institutional Support - The plan calls for improving the institutional framework to support service-oriented manufacturing, enhancing public services, and fostering talent development [10]. - It also emphasizes international collaboration, particularly with countries involved in the Belt and Road Initiative [10]. Global Context - The shift from product-centric to service-oriented solutions is seen as essential for enhancing China's manufacturing competitiveness, with service-oriented manufacturing being a key to unlocking value [11].

Core Viewpoint - The Ministry of Industry and Information Technology, along with six other departments, has issued the "Implementation Plan for Promoting the Innovative Development of Service-Oriented Manufacturing (2025-2028)", aiming to enhance service-oriented manufacturing by 2028 through the establishment of standards, leading brands, and innovation hubs [1][3]. Development Goals - By 2028, the role of service-oriented manufacturing in high-quality development of the manufacturing sector is expected to be significantly enhanced, with 20 standards established, 50 leading brands created, and 100 innovation hubs built [3]. - The plan aims for widespread adoption of typical service-oriented manufacturing models and continuous emergence of new models, optimizing the industrial ecosystem and promoting rapid development of productive services in key areas [3]. Main Tasks - Strengthening key common technology research and model innovation, including the release of a key technology list and upgrading typical models [4]. - Cultivating and expanding key productive services, such as technology services, industrial design, software and information services, and financial services [4]. - Promoting the application of service-oriented manufacturing models across various industries and sectors, enhancing the integration of service elements into manufacturing [4]. - Accelerating the construction of a comprehensive and coordinated standard system for service-oriented manufacturing [4]. - Stimulating the vitality of business entities by nurturing leading enterprises and creating a new development pattern for businesses of all sizes [4]. - Establishing innovation development hubs for service-oriented manufacturing, focusing on high-tech industrial parks and clusters [4]. - Strengthening the foundational support for service-oriented manufacturing through improved information infrastructure and integration of technologies like 5G and industrial internet [4]. Special Actions - Initiating a shared manufacturing cultivation and enhancement action to build shared manufacturing platforms and factories [5]. - Launching a brand enhancement action for service-oriented manufacturing enterprises to cultivate leading brands and improve brand promotion [5]. - Conducting a demonstration action for innovative application scenarios to meet production and consumption demands [5]. Key Technology Research - The Ministry emphasizes the need to strengthen research on key common technologies for service-oriented manufacturing, including the development of a technology list and encouraging enterprises to increase innovation investment [6]. - Focus on integrating common technologies related to demand sensing, collaborative design, and intelligent operation management [6]. - Promoting the application and iterative upgrade of research outcomes in key scenarios and models [6]. Promotion of Typical Models - The Ministry will continue to promote the application of typical service-oriented manufacturing models, encouraging industries to adopt new models and enhance service integration [8]. - Upgrading typical models such as shared manufacturing, personalized customization, and lifecycle management while exploring new service-oriented manufacturing models [8].

Market Overview - The three major indices opened lower but rebounded throughout the day, with the Shanghai Composite Index closing at 3889.50, down 0.19% [2] - The Shenzhen Component Index closed at 13231.47, down 0.93%, while the CSI 300 Index closed at 4593.98, down 0.50% [2] - The ChiNext Index closed at 3078.76, down 1.11%, but the STAR 50 Index rose by 1.40% to 1473.02 [2] Sector Performance - The top-performing sectors included Nonferrous Metals (up 3.35%), Environmental Protection (up 1.65%), and Steel (up 1.49%) [3] - The underperforming sectors were Automotive (down 2.33%), Household Appliances (down 1.74%), and Beauty Care (down 1.58%) [3] - Concept sectors that performed well included Rare Earth Permanent Magnet (up 6.92%) and Military Restructuring Concept (up 3.51%) [3] Future Outlook - The market showed resilience despite initial declines due to U.S. tariff threats, with a notable recovery in the afternoon [4] - The trading volume in the Shanghai and Shenzhen markets was 2.35 trillion, a decrease of 160.9 billion from the previous trading day [6] - The report suggests that the market's risk appetite may remain resilient due to accumulated experience and policy support, with potential sector rotation favoring anti-tariff and stable assets like rare earths and military [6] Economic Indicators - China's goods trade for the first three quarters reached 33.61 trillion yuan, a year-on-year increase of 4%, with exports at 19.95 trillion yuan (up 7.1%) and imports at 13.66 trillion yuan (down 0.2%) [5] - In September, trade volume was 4.04 trillion yuan, reflecting an 8% year-on-year growth [5]

Core Viewpoint - The "Implementation Plan" aims to promote service-oriented manufacturing innovation and development from 2025 to 2028, with specific targets for standard formulation, brand creation, and innovation hubs [1] Group 1: Policy Directions - The plan emphasizes three main policy directions: enhancing R&D for key common technologies in service-oriented manufacturing, encouraging enterprises to increase innovation investment, and promoting the application of research results in key scenarios [2][3] - It encourages the establishment of stable collaborative relationships among leading enterprises and their supply chains, while also supporting the digital transformation of small and medium-sized enterprises [3] Group 2: Technological Integration - The plan highlights the importance of integrating digital intelligence and physical manufacturing, advocating for the construction of new information infrastructure and the application of AI technologies in service-oriented manufacturing [3][4] - It calls for the development of high-quality industry data sets and the enhancement of network and data security capabilities [3] Group 3: Global Manufacturing Trends - The global manufacturing sector is shifting from merely providing products to offering a combination of products and services, with service-oriented manufacturing being a key to enhancing value and competitiveness [4] - The implementation of this plan is seen as a roadmap for Chinese manufacturing to ascend the value chain and improve its global competitiveness [4]

Core Viewpoint - The implementation plan aims to promote service-oriented manufacturing innovation and development from 2025 to 2028, with specific targets for standard formulation, brand creation, and innovation hubs [1][4]. Group 1: Policy Directions - The plan emphasizes three main policy directions: enhancing R&D for key common technologies, encouraging increased innovation investment by enterprises, and promoting the application of research outcomes in key scenarios [2][3]. - It encourages the establishment of a technology list for service-oriented manufacturing and supports enterprises in addressing common technology challenges [2]. Group 2: Role of Enterprises - Enterprises are identified as the core entities for developing service-oriented manufacturing, with a focus on fostering collaboration along the supply chain and supporting the digital transformation of small and medium-sized enterprises [3]. - The plan encourages large enterprises to deepen cooperation with small and medium-sized enterprises through open platforms and aims to cultivate specialized "little giant" companies and high-tech enterprises [3]. Group 3: Technological Integration - The plan highlights the importance of integrating digital and physical aspects, advocating for the construction of new information infrastructure and the application of AI technologies in service-oriented manufacturing [3]. - It calls for the enhancement of industrial data supply and the establishment of high-quality industry data sets to support innovation [3]. Group 4: Global Manufacturing Trends - The global manufacturing sector is undergoing a transformation from merely providing products to offering "products + services," with service-oriented manufacturing being a key to enhancing value and competitiveness [4]. - The implementation plan serves as a roadmap for Chinese manufacturing to ascend the value chain and improve global competitiveness [4].

Group 1 - The domestic software sector is experiencing significant activity, with industrial software and Xinchuang direction leading the gains, as stocks like Rongji Software, China Software, and Yingjianke hit the daily limit, while others like Chengmai Technology and Kingsoft Office also saw substantial increases [1] - The Ministry of Industry and Information Technology and six other departments recently issued a plan to promote service-oriented manufacturing innovation from 2025 to 2028, highlighting key productive service industries including technology services, industrial design, software and information services, and more [1] - The potential for domestic software to replace foreign products is vast across various fields, with industrial software being crucial for enhancing China's manufacturing autonomy and global competitiveness [1] Group 2 - Domestic software concept stocks have seen an average price increase of 31.15% this year, with Huasheng Tiancai and Dongtu Technology leading with gains of 170.85% and 135.19% respectively [2] - Zhongke Chuangda, a global leader in intelligent platform technology, has a research and development team spread across 16 countries, enabling quick responses to market trends and customer needs [2] - Runhe Software focuses on innovation in domestic and intelligent sectors, with significant efforts in open-source Hongmeng and Euler, impacting industries like finance, energy, healthcare, and education [2] Group 3 - As of October 10, over 70% of concept stocks have seen an increase in financing, with companies like Kingsoft Office and Zhongke Chuangda receiving net financing inflows exceeding 100 million yuan [3] - Kingsoft Office has the highest net financing inflow, accumulating 643 million yuan since October, with its WPS Office suite being a key product [3]

Group 1: Trade Relations and Economic Policies - The Ministry of Commerce of China announced that it will take necessary measures to safeguard its rights in response to the U.S. unilateralism, including imposing special port fees on U.S. vessels [5][6] - Following the U.S. announcement of a 100% tariff on China, global financial markets experienced significant turmoil, with the Dow Jones dropping 878 points (1.90% decline) and the Nasdaq falling 3.56%, resulting in a loss of approximately $700 billion in market value within three minutes of the announcement [6][8] - China's central bank has increased its gold reserves for the 11th consecutive month, with the gold reserves reaching 7.406 million ounces by the end of September, reflecting a month-on-month increase of 4,000 ounces [6][7] Group 2: Housing and Urban Development - The Minister of Housing and Urban-Rural Development, Ni Hong, stated that efforts are underway to transform old houses into "good houses" through renovation, focusing on five key aspects: good standards, good design, good materials, good construction, and good maintenance [7][8] - The shift in housing policy indicates a strategic transition towards improving existing urban infrastructure rather than merely expanding new developments, emphasizing quality of living over quantity [8] Group 3: Manufacturing and Economic Development - A joint implementation plan for promoting service-oriented manufacturing innovation from 2025 to 2028 has been released by seven government departments, aiming to enhance the integration of advanced manufacturing and modern services [9][10] - The plan outlines a roadmap for the next four years, with goals to strengthen the role of service-oriented manufacturing in high-quality development, including the establishment of 20 standards, 50 leading brands, and 100 innovation hubs by 2028 [10] Group 4: Tax Policies and Corporate Restructuring - The Ministry of Finance and the State Taxation Administration released guidelines on tax incentives for corporate mergers and acquisitions, aimed at reducing compliance costs and clarifying applicable policies for various types of restructuring [11] - The guidelines expand the scope of applicable entities to include "public institutions" and introduce clearer execution timelines, enhancing the accessibility of tax policies for businesses undergoing restructuring [11] Group 5: Foreign Exchange Reserves - China's foreign exchange reserves reached $33,387 billion by the end of September, marking an increase of $16.5 billion (0.5%) from the end of August, the highest level since December 2015 [12]

Core Viewpoint - The Ministry of Industry and Information Technology of China, along with six other departments, has issued an implementation plan aimed at promoting the innovative development of service-oriented manufacturing from 2025 to 2028, with a goal to create an upgraded version of service-oriented manufacturing by 2028 [1] Group 1: Objectives and Goals - By 2028, the plan aims to establish 20 standards, create 50 leading brands, and build 100 innovation development hubs, while widely promoting typical models of service-oriented manufacturing and continuously optimizing the industrial ecosystem [1] - The plan emphasizes the integration of manufacturing and services across various dimensions, enhancing the production service industry in key areas [1] Group 2: Definition and Importance - Service-oriented manufacturing is defined as a new industrial form that integrates services deeply into the entire lifecycle of manufacturing products, reshaping the value chain and extending the industrial chain [1] - Since 2016, service-oriented manufacturing has shown positive results, contributing to the high-quality development of the manufacturing sector, although challenges remain in technology supply, standardization, and application balance across industries [1] Group 3: Key Tasks - The implementation plan outlines seven main tasks, including strengthening key common technology research, fostering key production service industries, and promoting the application of service-oriented manufacturing models [2] - Key production service industries highlighted in the plan include technology services, industrial design, software and information services, production finance services, intellectual property services, and energy-saving and environmental protection services [2]

Core Viewpoint - The implementation plan for service-oriented manufacturing aims to enhance its role in high-quality development of the manufacturing industry by 2028, including the establishment of 20 standards, creation of 50 leading brands, and development of 100 innovation hubs [1] Group 1: Definition and Importance of Service-oriented Manufacturing - Service-oriented manufacturing involves the integration of service elements into manufacturing, transitioning from merely selling products to offering "products + services" [1] - Various service-oriented manufacturing models, such as customized services and lifecycle services, are widely adopted, enhancing product value [1] - Companies like Shaanxi Blower Group and Haier have successfully shifted towards service-oriented models, with Haier's scenario brand achieving over 5.1 billion yuan in transaction volume last year [1] Group 2: Challenges in Transitioning to Service-oriented Manufacturing - The transition to service-oriented manufacturing is complex, facing challenges such as weak supply capabilities for key technologies, an incomplete standard system, and difficulties in statistical monitoring [2] Group 3: Policy Support for Service-oriented Manufacturing - The implementation plan targets weaknesses in technology, standards, application scenarios, and industrial ecology, aiming to unleash the vitality of business entities and stimulate innovation [3] Group 4: Future Potential of Service-oriented Manufacturing - Service-oriented manufacturing has significant potential for stabilizing growth and expanding domestic demand, enhancing competitiveness and innovation in the manufacturing sector [4] - It addresses the shift in consumer demand from functional satisfaction to experience prioritization, contributing to a more comprehensive consumer experience [4] - The successful realization of service-oriented manufacturing's potential requires a collaborative effort, particularly a shift in manufacturing companies' operational thinking towards a customer-centric approach [4]

Key Points - The article discusses various important news and events affecting the market and specific companies, including new stock offerings, government responses to trade tensions, and significant corporate developments [8][9][11][12][26][27]. Group 1: Market and Economic Updates - A new stock, Marco Polo, is available for subscription today with a price of 13.75 yuan per share and a maximum subscription limit of 32,000 shares per account [8]. - The State Council Information Office will hold a press conference on October 13, 2025, to discuss import and export data for the first three quarters of 2025 [8]. - The Ministry of Commerce responded to the U.S. threat of imposing a 100% tariff, emphasizing that high tariffs are not the correct approach for U.S.-China relations and urging dialogue to resolve differences [8][9]. Group 2: Industry Developments - Seven departments, including the Ministry of Industry and Information Technology, released a plan to promote service-oriented manufacturing innovation from 2025 to 2028, focusing on enhancing information infrastructure and integrating AI with manufacturing [9]. - The retail sales of passenger cars in September reached 2.239 million units, a year-on-year increase of 6%, with cumulative sales for the year at 17.004 million units, up 9% [9]. - The Shanghai Stock Exchange reported that new A-share accounts opened in September totaled 2.9372 million, a month-on-month increase of over 280,000 accounts and a year-on-year increase of over 60% [9]. Group 3: Corporate News - Wentai Technology announced that its core semiconductor asset, Nexperia, is facing restrictions from the Dutch government, impacting its operations and management [11]. - The China Securities Regulatory Commission (CSRC) is taking administrative action against *ST Yuancheng for financial misconduct, proposing fines totaling 37.4546 million yuan and initiating delisting procedures due to significant violations [12]. - Several companies, including Hahai Huadong and Zhongzhou Special Materials, reported minimal revenue from nuclear fusion-related products during recent market fluctuations [14][18].