6月18日，中国证监会主席吴清在2025陆家嘴论坛上表示，更大力度培育壮大耐心资本、长期资本，聚 焦私募基金"募投管退"各环节卡点堵点，精准发力、畅通循环。积极推动社保基金、保险资金、产业资 本参与私募股权投资，拓宽资金来源。(人民财讯) ...

聚焦"硬科技"定位，严把发行上市准入关，是制度释放包容性的基础。数据显示，"科创板八条"发布以 来，新上市企业15家，合计募集资金124亿元，覆盖半导体、高端装备、新材料等战略性新兴领域，其 中12家为国家级专精特新"小巨人"，充分体现"含科量"。 本报讯 （记者毛艺融）2024年6月19日，证监会发布《关于深化科创板改革服务科技创新和新质生产力 发展的八条措施》（简称"科创板八条"），聚焦提升资本市场对科技创新的包容性与适配性，在支持硬 科技企业科创板上市、优化发行承销制度、再融资、并购重组、指数产品及市场生态等方面推出一揽子 改革举措，标志着科创板的改革"再出发"，也为下一步全面深化资本市场改革积累经验、创造条件。 这一年，监管与市场协同发力，推动改革从纸面走向实践，八方面30余项改革举措渐次落地，为资本市 场注入了新的动力。站在周年节点回望，科创板改革已从"立柱架梁"迈入"积厚成势"新阶段，制度创新 的"关键变量"正转化为高质量发展的"最大增量"，谱写着资本市场服务科技创新的时代新篇。 未盈利企业平稳续航 "硬科技"定位精准护卫 科创板创立之初，监管层推出"市值+研发"的第五套上市标准，迈出境内资本市场 ...

Core Insights - The article highlights the rapid advancements in artificial intelligence (AI) and commercial aerospace in Haidian District, Beijing, showcasing various innovative technologies and their applications [1][2][3][4][5][6][8][9][10][12][14][15]. AI Development - Haidian has become a hub for AI innovation, with over 1,300 AI companies, including 15 unicorns, leveraging strong research capabilities and a robust talent pool [2][3]. - The region boasts 14 national key laboratories in AI and 1.23 million AI scholars, with 21 out of 37 local universities offering AI undergraduate programs [3][6]. - The establishment of new research institutions, such as the Zhiyuan Research Institute, has facilitated the rapid transition of research outcomes into practical applications [5][10]. Ecosystem and Infrastructure - Haidian has developed a comprehensive AI ecosystem, integrating algorithms, computing power, and data services, with 87 registered large models and a national access rate exceeding 86% [6]. - The Beijing AI public computing power platform has aggregated over 80,000 P of green computing power, supporting startups with high-performance computing resources [5][6]. - A high-end data labeling demonstration base and an AI data operation platform have been established to enhance data availability across various sectors [5][6]. Commercial Aerospace - The district has seen significant growth in the commercial aerospace sector, with nearly 200 companies and a complete industrial chain ecosystem [8][9]. - The successful launch of satellites, including the Tianqi constellation, exemplifies Haidian's capabilities in this field [8][9]. - The establishment of patient capital, including the Zhongguancun Science City Technology Growth Fund, has been crucial in supporting long-term investments in aerospace ventures [10][11]. Application and Innovation - The article emphasizes the importance of practical applications for future industries, with examples such as AI-powered robots in pharmacies and energy-efficient charging stations [12][14][15]. - The introduction of innovative urban scenarios, such as AI-driven traffic management and hydrogen energy applications, showcases Haidian's commitment to integrating new technologies into everyday life [14][15]. - The district aims to establish itself as a national leader in future industries by 2027 and a global leader by 2030, focusing on general AI, embodied intelligence, and satellite internet [15].

Group 1 - The core viewpoint of the articles emphasizes the ongoing reforms in the Sci-Tech Innovation Board (STAR Market) aimed at enhancing support for technology innovation and the development of new productive forces [1] - The introduction of the 3% maximum quotation exclusion ratio is designed to prevent extreme high quotations from disrupting the issuance order and to promote rational bidding among offline investors [2] - The new stock market value allocation arrangement requires offline subscription to hold a minimum of 6 million yuan in STAR Market value, which is expected to attract incremental funds and encourage long-term investment [2] Group 2 - The STAR Market has been facilitating direct financing for various technology enterprises, allowing them to access capital at early growth stages [3] - The introduction of the "light asset, high R&D input" recognition standard aims to provide clearer guidance for refinancing in the STAR Market, enhancing market efficiency and transparency [4] - The implementation of a green channel for the review of Sci-Tech bonds has significantly improved financing efficiency for STAR Market listed companies [4] Group 3 - The number of new merger and acquisition transactions on the STAR Market has exceeded 110, with a total transaction amount surpassing 140 billion yuan since the release of the "STAR Market Eight Measures" [5] - The increase in valuation inclusivity has been a focal point for mergers and acquisitions on the STAR Market, exemplified by the successful acquisition of a majority stake in a company by Puyuan Precision Electronics [5] - The positive impacts of mergers and acquisitions are already evident, with Puyuan Precision Electronics reporting a net profit of 92.3 million yuan in 2024, aided by the integration of technologies from the acquired company [5]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：601326 证券简称：秦港股份 公告编号：2025-015 秦皇岛港股份有限公司 关于股东持股比例达到5%的权益变动提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ●本次权益变动系长城人寿保险股份有限公司（以下简称"长城人寿"或"信息披露义务人"）增持秦皇岛 港股份有限公司（以下简称"公司"）已发行股份，不触及要约收购。 ●本次权益变动不会导致公司控股股东及实际控制人发生变化。 一、本次权益变动基本情况 公司于2025年6月17日收到公司股东长城人寿发来的《简式权益变动报告书》，长城人寿于2025年6月16 日通过二级市场集中竞价交易方式增持公司A股4,400,000股至21,400,000股。上述增持后，长城人寿持 有公司A股21,400,000股，H股258,000,000股，合计持股比例增加至5.0005%，增持公司股份的资金来源 为长城人寿自有资金和传统账户保险责任准备金。现将有关权益变动情况公告如下： （一）信息披露义务人基本情 ...

Core Insights - The rise of the "Six Little Dragons" in Hangzhou signifies a new phase in China's technological innovation, moving beyond reliance on major cities and large enterprises to a broader engagement with smaller, innovative companies [1][3] - Hangzhou's government has adopted a supportive approach towards small and medium enterprises (SMEs), fostering an environment conducive to innovation and growth [3][4] - The concept of "patience" is emphasized as crucial for both government and policy in nurturing technological innovation [4] Government Support and Investment - Hangzhou's government is willing to invest in early-stage projects that other cities may avoid, helping companies navigate the challenges of initial growth phases [6][7] - The government has established various funds that support small enterprises, demonstrating a commitment to investing in their development rather than solely focusing on larger, established companies [6][8] - Examples include the investment in gaming company Game Science, which received support from local government funds even before achieving significant market validation [7] Innovation and Market Engagement - The city has created opportunities for SMEs to participate in significant events, such as the 2023 Asian Games, allowing them to gain visibility and showcase their innovations [5][6] - Hangzhou's approach includes opening up various sectors for experimentation by smaller companies, thus providing a fertile ground for innovation to take root [5][8] Comparative Analysis of Investment Models - Hangzhou's investment strategy contrasts with other cities like Shenzhen and Hefei, focusing more on future potential and smaller enterprises rather than just established players [8] - The article suggests that local governments should innovate in their approaches to support businesses, moving away from short-term metrics like immediate tax revenue [8]

Group 1 - The cultivation of patient capital is crucially dependent on effective government guidance, which should be based on scientific policy design and precise resource allocation to align with national strategies [1] - Optimizing fiscal and tax incentive policies is essential to enhance the attractiveness of long-term investments [1] - Government-guided funds should act as catalysts and indicators, focusing on early innovation fields and key core technology projects that the market is reluctant to enter, while emphasizing the "patient" nature of these funds [1] Group 2 - A healthy, efficient, and vibrant capital market environment is necessary for the cultivation of patient capital, which requires adherence to market rules and minimizing unnecessary administrative intervention [2] - A smooth exit mechanism is a key prerequisite for attracting long-term investments, necessitating the establishment of diversified and market-oriented exit channels [2] - The continuity and stability of policies are vital for fostering patient capital, ensuring a fair competitive environment and protecting the rights of innovators [2]

Group 1 - The 2025 Caixin Summer Summit was held in Hong Kong, focusing on the rapid development of technology and its transformative impact on industries [1] - Patience capital is highlighted as a crucial strategic support for technological development, emphasizing the deep integration of technological and industrial innovation [1] - Chen Wenbin stated that true long-term patience capital must have an accurate judgment of industry development and corporate competitiveness to navigate short-term market fluctuations over 10 to 20 years [1] Group 2 - Jiufang Zhitu Holdings (9636.HK) is building a comprehensive service system centered on customer needs, addressing common investor issues while providing customized solutions for differentiated demands [1] - The company aims to help investors better cope with the uncertainties and risks present in the era of technological innovation [1]

Core Viewpoint - The article emphasizes the role of ICBC Investment in promoting technological innovation and capital operation, highlighting its commitment to long-term, value, strategic, and risk investments to support China's high-level technological self-reliance [1][2]. Group 1: Investment Strategy - ICBC Investment focuses on long-term investment and value investment, leveraging its professional capabilities and resources from its parent bank to provide comprehensive financial services to technology enterprises [3][5]. - The company has achieved a cumulative market-oriented debt-to-equity swap scale exceeding 400 billion yuan and a private equity fund management scale exceeding 250 billion yuan [3]. Group 2: AIC's Role and Challenges - AIC is positioned as a new force in patient capital, essential for addressing the financing difficulties of enterprises and promoting the industrialization of technological innovation [2][4]. - The transition from debt-based thinking to equity logic presents challenges for AIC, including project diversity, talent shortages, and risk assessment conflicts [4]. Group 3: Risk Management and Evaluation - ICBC Investment has established a comprehensive risk management system covering the entire investment process, enhancing its risk resistance capabilities through structured design and diversified investments [4]. - The company has introduced a differentiated evaluation system that emphasizes functional value and encourages employees to take investment risks [5]. Group 4: Contribution to National Goals - ICBC Investment is actively involved in financing key technological innovations and supporting the development of the private economy, with over 50 billion yuan invested in the technology sector, accounting for over 25% of its total investments [6][7]. - The company has successfully led financing projects in critical areas such as power semiconductor manufacturing and AI technology, contributing to national strategies like the "dual carbon" goals [6][7]. Group 5: Future Outlook - The company aims to enhance its investment in strategic emerging industries and strengthen cooperation with local governments and industrial capital to create a comprehensive investment ecosystem for technological innovation [8]. - The leadership believes that with policy support and the efforts of AIC, China's technological innovation will flourish, and patient capital will thrive in this domain [8].

Group 1 - The core viewpoint of the news is the introduction of policies to deepen reform and innovation in Shenzhen, focusing on long-term capital development, support for Hong Kong-listed companies, and the promotion of artificial intelligence and low-altitude economy industries [1][2] - The National Development and Reform Commission emphasizes a systematic and coordinated approach to reform, addressing key issues that hinder high-quality development, such as technology transfer and efficiency [1][2] - Guangdong province will support Shenzhen in advancing education, technology, and talent reforms, aiming to create a globally influential industrial and technological innovation center [2][3] Group 2 - Shenzhen aims to focus on four key areas: tackling core technologies in artificial intelligence and low-altitude economy, implementing innovative reform measures, creating demonstration application scenarios, and nurturing technology innovation enterprises [3][4] - The Ministry of Science and Technology will enhance support for Shenzhen's participation in the Guangdong-Hong Kong-Macao Greater Bay Area's international technology innovation center, strengthening strategic technological capabilities [3][4] - Shenzhen will explore integrated reforms in education, technology, and talent, and implement a new mechanism for stable and efficient long-term investment in basic research [4]