关注、加星，第一时间接收推送！ 文 | 赵伟、贾东旭、侯倩楠 联系人| 侯倩楠 报告正文 2. 政策高频：深入推进深圳综合改革试点 2.1 国务院办公厅：深入推进深圳综合改革试点 6月10日，中办、国办印发《关于深入推进深圳综合改革试点深化改革创新扩大开放的意见》，将从统 筹推进教育科技人才体制机制一体改革、推进金融、技术、数据等赋能实体经济高质量发展、建设更高水平 开放型经济新体制、健全科学化、精细化、法治化治理模式四个方面推进改革。广东将通过支持深圳建设一 批高水平高校、深化数据交易规则以及场景探索、支持前海高标准建设现代服务业集聚区、支持深圳推进放 宽市场准入特别措施等举措，全力以赴支持深圳的改革探索。 2.2 中办、国办：进一步保障和改善民生 6月9日，中共中央办公厅、国务院办公厅印发《关于进一步保障和改善民生，着力解决群众急难愁盼的 意见》。围绕民生保障，《意见》强调增强社会保障公平性，提出有效扩大社会保障覆盖面、加强低收入群 体兜底帮扶等政策举措。围绕公平性，《意见》强调提高基本公共服务均衡性，提出全方位提高基本公共服 务质效、推行由常住地提供基本公共服务等政策举措。围绕民生服务普惠性方面，《意见 ...

关注、加星，第一时间接收推送！ 文 | 赵伟、贾东旭、侯倩楠 联系人| 侯倩楠 报告正文 2. 政策高频：深入推进深圳综合改革试点 2.1 国务院办公厅：深入推进深圳综合改革试点 6月10日，中办、国办印发《关于深入推进深圳综合改革试点深化改革创新扩大开放的意见》，将从统 筹推进教育科技人才体制机制一体改革、推进金融、技术、数据等赋能实体经济高质量发展、建设更高水平 开放型经济新体制、健全科学化、精细化、法治化治理模式四个方面推进改革。广东将通过支持深圳建设一 批高水平高校、深化数据交易规则以及场景探索、支持前海高标准建设现代服务业集聚区、支持深圳推进放 宽市场准入特别措施等举措，全力以赴支持深圳的改革探索。 2.2 中办、国办：进一步保障和改善民生 6月9日，中共中央办公厅、国务院办公厅印发《关于进一步保障和改善民生，着力解决群众急难愁盼的 意见》。围绕民生保障，《意见》强调增强社会保障公平性，提出有效扩大社会保障覆盖面、加强低收入群 体兜底帮扶等政策举措。围绕公平性，《意见》强调提高基本公共服务均衡性，提出全方位提高基本公共服 务质效、推行由常住地提供基本公共服务等政策举措。围绕民生服务普惠性方面，《意见 ...

Core Viewpoint - The third China International Supply Chain Promotion Expo aims to enhance the integration of innovation and industry through the establishment of an Innovation Chain Zone, facilitating the transformation of innovative ideas into industrial applications [2][3]. Group 1: Innovation Chain Zone - The Innovation Chain Zone is designed to connect laboratory innovations with industrial development, promoting the integration of research, education, and application [2]. - A total of 14 institutions and enterprises will participate in the Innovation Chain Zone, including international organizations like the World Intellectual Property Organization and domestic authorities such as the National Intellectual Property Administration [2]. - The zone will showcase a comprehensive process from basic research to technology development, industrial application, and market feedback, addressing challenges in innovation transformation [3]. Group 2: Exhibition Content and Structure - The exhibition will feature three main sections: institutional guarantees, carrier support, and service collaboration, focusing on the entire innovation transformation process [3]. - The institutional guarantees section will highlight relevant laws, regulations, and policy documents that guide innovation [3]. - The carrier support section aims to provide full-process services to facilitate the transition from laboratory innovations to industrial applications, addressing issues like low efficiency and transformation difficulties [3]. Group 3: Goals and Activities - The Innovation Chain Zone aims to better connect professional institutions, higher education, and domestic and foreign enterprises, promoting the integration of technological achievements with industrial innovation [3]. - The zone will host themed activities around "Intellectual Property and Technological Innovation," discussing how to transition innovations from knowledge to technology and from products to markets [3].

Core Insights - The Suzhou Dushu Lake Science and Education Innovation Zone is emerging as a significant hub for biopharmaceutical innovation and investment in China, showcasing a strong ecosystem that integrates academia, research institutions, enterprises, and investment agencies [1][2][4] Group 1: Industry Growth and Performance - The biopharmaceutical industry in Dushu Lake has shown remarkable growth, with 2025 Q1 sales of the drug Zebutinib reaching $792 million, a 62% increase year-on-year, helping the company achieve profitability [2] - The region has witnessed the emergence of 19 publicly listed biopharmaceutical companies, with a total revenue of 37.369 billion yuan in the previous year [1] - Major pharmaceutical companies are increasingly relying on Chinese biopharmaceutical firms for innovative drug pipelines, establishing China as a "supermarket" for innovative drugs [3] Group 2: Strategic Initiatives and Support - The "Suzhou Industrial Park Action Plan for Accelerating the Development of Biopharmaceuticals and Health Industry (2025-2027)" has been launched, focusing on eight key areas to support industry growth [4] - The Dushu Lake area is implementing a comprehensive support system for startups, including full-cycle support from R&D to production, and encouraging leading companies to enhance global competitiveness through mergers and acquisitions [5] - A new risk assurance product, "Yuan Yan Bao," has been introduced to mitigate risks associated with technology transfer, enhancing the security of innovation projects [7] Group 3: Innovation and Collaboration - The Dushu Lake Science and Education Innovation Zone is working to bridge the gap between laboratory research and practical application, aiming to facilitate the transition from original research to market-ready products [6] - The establishment of a national technology transfer center in collaboration with educational institutions aims to streamline the commercialization of scientific research [6] - The region is fostering a "worry-free" ecosystem for technology transfer, ensuring that various elements such as capital, platforms, and talent converge to support innovation [7]

Group 1 - The Chinese government is intensifying efforts to promote the integration of technological innovation and industrial innovation, focusing on improving the efficiency of technology transfer and addressing bottlenecks in the process [1][2] - The State Council emphasizes the importance of optimizing evaluation systems for technology research and industrial development, enhancing the alignment between industrial demand and technological supply [2][3] - The National Development and Reform Commission is working on establishing a network of pilot platforms for technology transfer, with a focus on key manufacturing sectors [3][4] Group 2 - The Ministry of Industry and Information Technology (MIIT) is launching a national pilot program for the industrialization of high-tech achievements, targeting advanced manufacturing and new materials [4][5] - MIIT has introduced a management approach for technology incubators, categorizing them into standard and excellent levels to enhance the quality of incubation services [5] - There are currently 16,000 incubation institutions across China, contributing significantly to the development of high-tech enterprises and promoting economic growth [5]

Group 1: Policy Changes and Funding - The 2025 "old-for-new" policy has significantly increased funding support to 300 billion yuan, up from 150 billion yuan in 2024[24] - The subsidy scope has expanded to include more products, such as microwaves, water purifiers, dishwashers, rice cookers, and mobile devices[24] - As of the end of May, 162 billion yuan of central government subsidies have been allocated, with 138 billion yuan still pending distribution[7] Group 2: Market Impact and Performance - In April, retail sales of consumer goods grew by 5.1% year-on-year, with significant disparities in growth rates among categories[5] - Home appliance sales surged by 38.8% year-on-year in April, while automotive and communication equipment sales saw declines[39] - By the end of May, nationwide sales under the "old-for-new" program reached 1.1 trillion yuan, with approximately 175 million subsidies issued[33] Group 3: Regional Variations and Challenges - Some regions, like Chongqing, reported a subsidy redemption rate of 82.3%, leading to a suspension of certain subsidy programs due to fund exhaustion[33] - Local governments are adjusting subsidy mechanisms, with some areas implementing phased funding releases to manage demand[61] - The rapid use of subsidies in various regions has raised concerns about potential fraud and the need for improved monitoring mechanisms[65]

Core Insights - The article discusses how financial institutions, particularly CITIC Bank, are supporting hard technology companies in overcoming challenges related to high R&D costs and long industrialization cycles through innovative financial products like "Technology Achievement Transformation Loan" [1][2] Group 1: Hard Technology Companies - Xinhuachu, established in 2023, focuses on zinc-nickel flow battery technology, which has been in development since 2015 and has achieved small-scale production after 8 years of research [1][2] - The unique advantages of Xinhuachu's technology include safety and environmental friendliness, addressing the bottleneck of distributed photovoltaic grid consumption, which is currently only 15% in rural areas of China [1][2] - The company has developed a solution that connects transformers and energy storage devices, significantly improving grid consumption capacity from 15% to 50%, tripling the original capacity [2] Group 2: Financial Support and Collaboration - CITIC Bank provided initial credit support during Xinhuachu's angel investment stage, customizing financial service solutions based on technology sources, patent numbers, and key project involvement [2][4] - The bank's "1+2 approval" fast track significantly enhances approval efficiency, alleviating pressure on the company's pilot base upgrades and equipment procurement [2] - CITIC Bank's comprehensive financial services, including bond issuance and asset securitization, are crucial for the growth of companies like Xinhuachu [2] Group 3: Other Hard Technology Innovations - Huashinuo, founded in 2018, specializes in precision ophthalmology and targeted drug development, with several international patents and national research project endorsements [3] - The company has developed innovative medical devices, including a single-use anterior chamber puncture device, aimed at improving precision diagnostics in county-level hospitals [3] - Huashinuo's breakthrough in drug delivery technology has entered clinical trials and has received patents in major global markets, showcasing its potential for treating eye diseases [3][4]

Core Viewpoint - The article highlights the successful transformation of a technological innovation in radiation cooling materials from laboratory research to commercial application, emphasizing the importance of integrating scientific achievements into industry to create new productive forces [5][11]. Group 1: Technology and Innovation - The radiation cooling film developed by Moguang New Energy Technology Co., Ltd. can reduce temperatures by 5 to 10 degrees Celsius, enhancing the lifespan and stability of electronic products by over 40% [5][6]. - The technology, based on the principle of radiation cooling, was developed over ten years by a team led by Professor Zhu Jia from Nanjing University, achieving a breakthrough in photothermal control in 2019 [6][7]. - The company was established in 2022 to commercialize this technology, with support from the Suzhou High-tech Zone, which provided a 7,000 square meter factory and waived three years of rent [6][7]. Group 2: Market Development and Challenges - The company has faced challenges in balancing cooling efficiency, stability, and cost during the commercialization process, which was more complex than initially anticipated [8]. - After numerous iterations, the radiation cooling film was successfully applied in a new Xiaomi smartphone in 2023, marking a significant step in its industrialization [8][9]. - Moguang New Energy has secured over 70 million yuan in orders for its cooling films from four smartphone brands and an additional 30 million yuan for coatings used in construction and cold chain applications [9]. Group 3: Policy and Support - The transformation of the technology was facilitated by the "职务科技成果赋权改革" policy, which encourages researchers to leverage their innovations for equity and actively engage in technology transfer [7][12]. - The collaboration between universities, local governments, and industry has created a supportive ecosystem for innovation, allowing for the effective transition of laboratory products to market-ready solutions [12]. Group 4: Environmental Impact - The radiation cooling technology has also been applied in ecological conservation efforts, such as the protection of the Dagu Glacier in Sichuan, where it has reportedly slowed the glacier's melting rate by 80% [10].

财新观察｜更多运用市场力量 加快科技创新 成果转化 2025年5月25日，上海，位于南京东路步行街上的华为全球旗舰店。图：IC photo 近日，国务院以"深化科技成果转化机制改革，推动科技创新和产业创新融合发展"为 主题，进行第十四次专题学习。李强总理在主持学习时强调，科技成果转化需要良好环境作 支撑，要坚持有效市场和有为政府相结合，完善支持政策和市场服务，形成高效协同、富有 活力的成果转化体系。他指出，要加大资金支持，进一步拓宽思路，更多运用市场力量，吸 引社会资本加大投入，鼓励金融机构创新金融产品和服务方式，发展多层次资本市场，提供 多元化融资渠道。科技创新成果转化离不开市场力量，离不开一个健康发展、充满生机活力 的资本市场。 科技成果转化并非新课题。早在1996年，全国人大常委会就通过了《促进科技成果转 化法》。对于如何促进科技成果转化，各级政府、各高校和广大企业一直在探索。目前，中 国的学术论文发表数量和国际专利申请数量，均位居世界第一。截至2023年底，全国科研 院校的有效发明专利数达到102.3万件。科技部科技评估中心2024年9月发布的报告显示， 高校院所以转让、许可、作价投资和技术开发、咨询 ...

Group 1 - The Ministry of Transport held a meeting to discuss safety production in the transportation sector, emphasizing the need for enhanced safety measures during the flood and summer seasons [1] - From January to May, the overall safety production situation in the transportation sector was stable but still faced significant risks, particularly in passenger transport and construction safety [1] - The Ministry aims to improve safety supervision and emergency response capabilities among personnel involved in passenger transport [1] Group 2 - The meeting highlighted the importance of implementing the innovation-driven development strategy in the transportation sector, focusing on talent cultivation and major technological breakthroughs [2] - There is a push to eliminate bottlenecks in the transformation of scientific and technological achievements within the industry, promoting the application of self-developed technologies [2] - The Ministry is committed to assessing the adverse impacts of heavy rainfall on transportation and ensuring effective response measures are in place [2]