Group 1 - The article emphasizes the importance of high-level scientific and technological self-reliance in China, highlighting the need for support and recognition of scientists and technological workers [1][2] - It mentions the role of academicians and leading scientific talents as crucial support for achieving high-level technological independence and fostering new productive forces [1] - The article discusses the urgent demand for high-level scientific talent in the current political and economic context, urging the implementation of a talent strategy to create a supportive environment for innovation [1] Group 2 - The article highlights the achievements of the 55th Research Institute of China Electronics Technology Group, particularly in overcoming key core technology challenges [2] - It calls for closer collaboration between research institutions, enterprises, and universities to address industrial needs and promote the transformation and industrialization of scientific achievements [2] - The article encourages scientific workers to apply their research outcomes practically, emphasizing the integration of technology innovation with industry [2]

新华社北京5月22日电 题：推动科技和金融"双向奔赴"——四部门详解15项科技金融政策举措 新华社记者温竞华、吴雨 科技创新离不开金融的支持。科技部、中国人民银行等七部门近日联合印发《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》，为科技创新提供全生命周期、全链条的金融服务。 文件部署了哪些科技金融政策举措？如何促进政策红利充分释放？在22日举行的国新办新闻发布会上， 科技部、中国人民银行、金融监管总局、中国证监会四部门有关负责人详细解答了相关问题。 郭武平在发布会上介绍了金融监管总局四项试点工作的推进情况：金融资产投资公司股权投资试点范围 扩大至全国18个试点城市及其所在省份，保险资金长期投资改革试点近期将批复第三批600亿元试点规 模，科技企业并购贷款试点延长贷款期限、提升贷款占比，知识产权金融生态综合试点解决知识产权登 记、评估、处置等方面的难题…… 为科技创新需求提供多元化、接力式金融支持 当前，推动高质量发展和应对外部风险挑战都需要加快实现高水平科技自立自强，这对金融供给提出了 更高要求。 科技部副部长邱勇介绍，文件从科技创新需求侧出发，聚焦科技创新重点领域和薄弱环节的融资需求， ...

Group 1: Economic Development and Open Policies - Hubei province is enhancing its hub capabilities and striving to build an inland open highland, focusing on regional cooperation and optimizing industrial layout [1][2] - The province aims to promote development through openness, establishing a modern industrial system that reflects Hubei's advantages [1][3] - Hubei has attracted over 325 Fortune 500 companies and more than 10,000 foreign-invested enterprises, emphasizing the importance of foreign investment in developing new productive forces [2][3] Group 2: Automotive and High-Tech Industries - Dongfeng Motor's Yunfeng factory produces a new energy vehicle every 118 seconds, marking a significant milestone with the production of the 10 millionth new energy vehicle [2] - Hubei's high-tech sectors, including new energy vehicles and integrated circuits, saw an 18.1% increase in exports, with high-value products accounting for over half of total exports [3][4] - The automotive supply chain in Hubei is becoming more resilient, with over 400 manufacturing foreign-funded enterprises concentrated in the region [2][3] Group 3: Logistics and Transportation Infrastructure - Hubei is enhancing its logistics system by opening new shipping routes, such as the direct shipping line from Indonesia to Wuhan, which reduces logistics costs [5][6] - The province has established a multi-modal transport system, integrating rail, water, and road transport to improve efficiency and reduce costs by 15% [6][7] - Wuhan Yangluo Port has become the largest container terminal in the middle and upper reaches of the Yangtze River, with 35 container shipping routes established [5][6] Group 4: Business Environment and Cost Reduction - Hubei is implementing reforms to create a market-oriented, law-based, and international business environment, including customized land supply services to reduce costs for enterprises [7][8] - The province has reduced the number of required documents for business approvals from 27 to 9, significantly shortening the approval time from over 120 days to around 40 days [9] - Hubei aims to build a competitive cost advantage and improve government services, with over 1,000 items now available for processing across the province [9]

Group 1 - The core viewpoint of the news is the emphasis on strengthening the intellectual property (IP) protection system in China to support high-level technological self-reliance and innovation [1][2]. - The "2025 Intellectual Property Power Construction Promotion Plan" outlines clear requirements for improving the IP support system for key core technology breakthroughs [1]. - In 2024, China authorized 1.045 million invention patents, a year-on-year increase of 13.5%, achieving the "14th Five-Year Plan" target ahead of schedule [1]. Group 2 - The plan aims to establish a comprehensive legal system for IP, focusing on areas such as big data, artificial intelligence, 5G, quantum computing, and biotechnology [2]. - There is a need to enhance the incentive mechanisms for IP protection, particularly in emerging technologies and new business models, to maximize innovation vitality [2]. - The protection of IP is described as a systematic project that requires legislative, judicial, and enforcement guarantees to create a coordinated protection framework [2]. Group 3 - The judicial protection system for IP will be improved, with a focus on high-tech achievements and new business models [3]. - There will be an increase in enforcement efforts in key areas of technological innovation, enhancing the legal standards and procedures for IP protection [3]. - The internationalization of IP arbitration and litigation will be promoted, along with better support for Chinese enterprises and citizens in overseas IP rights protection [3].

Group 1 - The core viewpoint of the articles highlights the story of An Zhongxu, a South Korean hairdresser who has settled in Urumqi, Xinjiang, showcasing the openness and inclusivity of the region, which has allowed him to thrive both personally and professionally [1][2] - An Zhongxu has established two hair salons in Urumqi, starting from a small 30-square-meter shop, and has become a well-known figure in the local hairdressing industry [1] - His salon serves as an important community hub, offering free haircuts to seniors over 65, a practice that has benefited over a thousand elderly individuals [1][2] Group 2 - An Zhongxu's integration into the local culture is evident as he enjoys local cuisine and actively participates in community events, demonstrating a strong connection to the region [2] - He has witnessed significant urban development in Xinjiang, including the construction of subways and high-speed rail, contributing to the formation of a "five-hour economic circle" among cities [2] - His story reflects the experiences of many foreigners in Xinjiang, with his narrative being shared back in South Korea, helping to dispel misconceptions about the region [2]

中共中央政治局常委、国务院副总理丁薛祥在湖北调研。他强调，要认真学习贯彻习近平总书记重要讲 话精神，加快推进高水平科技自立自强，建设现代化产业体系，汇聚起高质量发展的强劲动能。(新华 社) ...

Group 1 - The core viewpoint of the article is the issuance of a notification by seven departments, including the Ministry of Science and Technology and the People's Bank of China, aimed at accelerating the construction of a technology finance system to support high-level technological self-reliance and strength [1][2] - The notification emphasizes the role of venture capital in supporting technological innovation, establishing a "National Venture Capital Guidance Fund" to promote the growth of technology-based enterprises and strategic emerging industries [1] - It aims to broaden the sources of venture capital funding by expanding the pilot scope of financial asset investment companies (AIC) to 18 provincial cities and encouraging insurance funds to participate in venture capital investments [1][2] Group 2 - The notification also focuses on optimizing the evaluation mechanism for state-owned venture capital, ensuring that state-owned capital becomes a long-term and patient capital for supporting venture investments [2] - It highlights the need to improve exit channels for venture capital, assessing the effectiveness of private equity fund share transfer trials in regions like Beijing, Shanghai, and Guangdong, and optimizing the share transfer process [2]

Core Viewpoint - The article emphasizes the importance of developing a technology finance system to support high-level technological self-reliance and innovation in China, aligning with the directives from the 20th National Congress of the Communist Party and the Central Financial Work Conference [2][4]. Group 1: Overall Requirements - The initiative aims to integrate various financial tools such as venture capital, bank credit, capital markets, technology insurance, and bond issuance to provide comprehensive financial services for technological innovation [4]. Group 2: Role of Venture Capital - Establishment of a "National Venture Capital Guidance Fund" to support the growth of technology-based enterprises and promote the transformation of major technological achievements into productive forces [5]. - Expansion of venture capital funding sources, including the involvement of insurance funds and encouraging social security funds to invest in equity funds for technology innovation [5]. - Optimization of the evaluation mechanism for state-owned venture capital investments to ensure long-term and patient capital support [5][6]. Group 3: Role of Monetary Credit - Utilization of structural monetary policy tools to enhance support for technological innovation, including expanding the scale of re-lending and optimizing support processes [7]. - Establishment of a specialized mechanism for bank credit support for technology innovation, including the creation of technology finance institutions in resource-rich areas [8]. Group 4: Role of Capital Markets - Enhancement of capital market support for technology innovation enterprises, including improving the mechanism for new stock issuance and prioritizing financing for enterprises with key technological breakthroughs [9]. - Development of a "technology board" in the bond market to promote high-quality development of technology innovation bonds [9]. Group 5: Role of Technology Insurance - Promotion of innovation in technology insurance products and services, establishing a comprehensive insurance product system covering the entire lifecycle of technology enterprises [10]. Group 6: Fiscal Policy Support - Leveraging fiscal policies to mobilize more financial resources for technological innovation, including innovative fiscal investment methods and implementing special guarantee plans for technology innovation [12]. Group 7: Central-Local Coordination - Promotion of an "innovation points system" nationwide to better evaluate and support technology-based SMEs [13]. - Support for regional technology finance innovation practices in key areas such as Beijing, Shanghai, and the Guangdong-Hong Kong-Macao Greater Bay Area [13]. Group 8: Open Innovation Ecosystem - Encouragement of foreign investment in domestic technology enterprises and facilitation of cross-border financing channels for technology firms [14]. - Establishment of a coordinated mechanism for promoting technology finance, enhancing inter-departmental coordination and policy implementation [14].

报告类型 股指日评 日期 2025 年 5 月 15 日 研究员：聂嘉怡(股指) 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 研究员：何卓乔(宏观贵金属) 18665641296 hezhuoqiao@ccb.ccbfutures.com 期货从业资格号：F3008762 研究员：黄雯昕(宏观国债集运) 021-60635739 huangwenxin@ccb.ccbfutures.com 期货从业资格号：F3051589 宏观金融团队 请阅读正文后的声明 ＃summary＃ 每日报告 一、行情回顾与后市展望 1.1 行情回顾： 经中美日内瓦会谈后，双方关税回到 4 月 2 日再各加 10%水平，双方关系缓 和超预期，市场情绪明显提振。从宏观经济基本面来看，一季度开局良好，且随 着"抢出口"转为"抢转口"，外贸数据表现出一定韧性，宏观经济表现或好于 原本预期。国内政策方面，随着 5.7 政策落地，国家稳市场、稳预期信心进一步 增强，同时互换便利与回购增持再贷款额度合并后"国家队"资金储备充足，股 请阅读正文后的声明 - 2 - 5 月 ...

粤开证券表示，中国人民银行、金融监管总局、证监会联合发布新一轮一揽子金融政策，旨在稳经济、 稳市场、稳预期。政策涵盖房地产、股市、服务消费、科技创新、企业纾困等多方面，通过降准降息降 低居民房贷压力，提振购房意愿，支持实体经济。同时，央行支持中央汇金稳定资本市场，释放消费潜 力，设立科技板债券，加大科技创新投入，优化供给结构。银行保险业提供融资和保险支持，纾困受关 税冲击企业，稳就业稳企业。本轮政策更注重防范经济下行，预留政策空间，根据经济情况调整工具规 模和要素，确保经济金融稳定运行。 相关产品：科创100ETF(588190) 5月15日，上证指数低开0.16%，创业板指跌0.34%。券商、保险、军工跌幅靠前，金融科技、黄金、 PEEK材料概念股走弱；海运、港口再度走强，离境退税、智能物流题材活跃。相关ETF方面，科创 100ETF（588190）下跌-1.14%，成交额突破5900万，或迎短期再布局机会。 消息面上，科技部、央行、金融监管总局等7部门联合发布《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》，从创业投资、货币信贷、资本市场、科技保险、财政政策、央地联动、 创新生态等七个 ...