2026 年 02 月 04 日 每日晨报 | 指数 | 开盘价 | 收盘价 | 近一交易日% | 近20交易日% | | --- | --- | --- | --- | --- | | 上证综指 | 4,044 | 4,068 | 1.29 | -0.39 | | 深证成指 | 13,987 14,127 | | 2.19 | 0.75 | | 创业板指 | 3,318 | 3,325 | 1.86 | 0.17 | | 恒生指数 | 26,996 26,835 | | 0.22 | 0.47 | | 日经225 53,332 54,721 | | | 3.92 | 5.57 | | 富时100 10,341 10,315 | | | -0.26 | 1.90 | | 道琼斯工业 | 49,359 49,241 | | -0.34 | 0.54 | | 标普500 | 6,985 | 6,918 | -0.84 | 0.23 | | 纳斯达克 | 23,667 23,255 | | -1.43 | -0.60 | | 主要市场股指表现 | | | | | | 6.00 | 近一交易日% | | 近20交易日 ...

Group 1 - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the need to accelerate the development of emerging pillar industries to enhance national competitiveness and support the modernization of the industrial system [1][19] - The SASAC aims to focus on major technological issues affecting national development and security, promoting independent and original innovation [1][19] - By 2025, state-owned enterprises (SOEs) are projected to invest 2.5 trillion yuan in strategic emerging industries, accounting for 41.8% of total investments [3][21] Group 2 - The Central Committee of the Communist Party of China has released its 14th guiding document on agricultural and rural modernization, introducing the concept of "normalized precise assistance" for the first time [2][20] - The document outlines key areas such as stabilizing grain and oil production, developing new agricultural productivity, and expanding rural consumption [2][20] Group 3 - Several A-share listed companies are increasing their investments in copper mining, with many expecting significant earnings growth due to rising copper prices [4][22][23] - Companies have indicated that copper production in 2026 is expected to increase compared to 2025 [23] Group 4 - The People's Bank of China (PBOC) announced an 800 billion yuan reverse repurchase operation to maintain liquidity in the banking system, with a net injection of 100 billion yuan after accounting for maturing operations [6][10][25] - This operation is part of a broader strategy to ensure stable financial market operations during the busy lending month of February [6][10][25] Group 5 - The automotive industry is set to benefit from new regulations aimed at facilitating the safe export of automotive data, which includes nine categories of exemptions to support companies in their overseas operations [11][29] - The guidelines are designed to enhance data security while promoting high-quality development in the automotive sector [11][29] Group 6 - The refrigerant industry is experiencing a strong market performance, with prices for major refrigerants like R32 and R134a showing significant year-on-year increases of approximately 45% and 32%, respectively [8][26] - The upward trend in refrigerant prices has been consistent since the fourth quarter of 2025 [8][26] Group 7 - The precious metals market is witnessing significant price increases, with gold prices rising from under $2,600 per ounce to over $4,500 per ounce by the end of 2025, marking a 73% increase [12][30] - Silver prices have also surged, with a maximum increase of 175% during the same period [12][30] Group 8 - The semiconductor equipment sector is thriving, as evidenced by Teradyne's fourth-quarter earnings report, which showed a 43.9% year-on-year revenue growth to $1.08 billion, surpassing analyst expectations [13][32]

Core Insights - The industrial growth in Hebei is significantly driven by the rapid development of emerging industries, with a projected industrial added value growth of 7.9% in 2025, surpassing the national average by 2 percentage points, marking the best historical ranking at 6th nationwide [1] - The added value of strategic emerging industries increased by 11.0% year-on-year, outpacing the overall industrial growth by 3.1 percentage points, indicating a robust support for industrial growth from new sectors [1][2] - High-tech industries accounted for 25.5% of the added value in large-scale industries, reflecting a 3.2 percentage point increase from the previous year, showcasing the growing importance of technology in industrial development [1] Emerging Industries Development - The successful launch of the "Xiong'an No. 1" satellite symbolizes the rise of a burgeoning aerospace information industry chain in Hebei, with over 60 companies now operating in this sector [2] - Continuous enhancement of technological innovation capabilities is identified as a core driver for industrial development, with a collaborative effort from enterprises, universities, and society to foster an innovative ecosystem [2][3] - The biopharmaceutical sector is highlighted as a strategic emerging industry, with local pharmaceutical companies achieving significant milestones in innovation, including the approval of three class 1 innovative drugs in 2025 [3] Policy and Support Mechanisms - A comprehensive and robust policy framework is credited for the thriving state of emerging industries, with measures in place to support innovation and integration across various sectors [3][4] - The establishment of the "Huiying Data (Huailai) Technology Industrial Park" aims to support the development of AI, finance, and IT industries, with a focus on creating a green, zero-carbon data center cluster [3][4] - The new generation information technology industry saw an 11.6% increase in added value, contributing 0.4 percentage points to the overall industrial growth, while the renewable energy sector grew by 13.4%, adding 0.3 percentage points [4] Future Outlook - Hebei is strategically positioning itself in key emerging industries such as new generation information technology, renewable energy, and new materials, aiming to accelerate the growth of these sectors [5] - The robotics industry in Hebei has shown remarkable growth, with a 42.5% increase in revenue across the entire industry chain in 2025, maintaining over 40% growth for three consecutive years [4] - The focus on core technologies and continuous optimization of the innovation ecosystem is expected to further enhance the growth trajectory of emerging industries in Hebei [5]

1. 公开市场操作 央行 公告称， 2 月 3 日以固定利率、数量招标方式开展了 1055 亿元 7 天期逆回购操作，操作利率 1.40% ，投标量 1055 亿元，中标 量 1055 亿元。 Wind 数据显示，当日 4020 亿元 逆回购到期 ，据此计算，单日净回笼 2965 亿元。 （*数据来源：Wind-央行动态PBOC） 2. 资金面 银行间市场资金面整体平稳，跨月后需求端压力暂时不大， D R001 加权平均利率降约 5bp 至 1.31% 附近。匿名点击（ X-repo ）系 统上，隔夜报价在 1.3% 有逾千亿供给；非银机构质押信用债融入隔夜报价则在 1.5% 附近。 （IMM） 海外方面，最新美国隔夜融资担保利率为 3.68% 。 // 债市综述 // （*数据来源：Wind-国际货币资金情绪指数、资金综合屏） （*数据来源：Wind-成交统计BMW） 5. 近期城投债（AAA）各期限利差走势及数据 （*数据来源：Wind-利差分析） 6. 国债期货收盘 30 年期主力合约跌 0.10% 10 年期主力合约涨 0.02% 5 年期主力合约涨 0.06% 2 年期主力合约涨 0.03% 3. ...

● 本报记者刘丽靓 新兴产业是赢得未来发展的"必答题"，发展新兴产业已成为中央企业优化布局结构的"必选项"。 不少地方和中央企业系统梳理产业发展图谱，推动精准布局，开辟"第二曲线"：如招商局集团、国机集 团并购整合、项目直投布局生物制药、仪器仪表产业；中国通号、中国航信深耕低空经济细分领域；中 核集团新一代可控核聚变实现离子电子"双亿度"；国投探索"绿电+算力"融合互促新路径；中国国新发 起设立新兴产业发展专项基金；北京加快形成新一代信息技术、智能网联汽车两个千亿级规模产业；江 苏、浙江等地构建覆盖全链条基金群，支持战新产业（300832）发展…… 数据显示，"十四五"以来，中央企业在战略性新兴产业累计投资超过10万亿元，占总投资比重从"十四 五"初期的22%提升至40%以上。2025年，中央企业完成战略性新兴产业投资2.5万亿元、占总投资的 41.8%，中央企业战略性新兴产业营收规模超过12万亿元，连续三年实现了"每年1万亿"可喜增长。 国务院国资委科技创新局局长张剑龙近日在国新办新闻发布会上表示，2026年，国务院国资委将以高质 量编制实施"十五五"规划为契机，接续推动中央企业加快布局新兴产业，抢占未来竞 ...

Core Viewpoint - The Shanghai government report for 2026 indicates a GDP growth target of around 5% for the city, maintaining the same target set for 2025, reflecting a shift towards high-quality development and a focus on building a self-reliant industrial and supply chain system [2][6]. Economic Performance - In 2025, Shanghai's GDP reached 5.67 trillion yuan, growing by 5.4%, which was better than expected [1]. - The total retail sales of consumer goods in Shanghai grew by 4.6% in 2025, surpassing the national average growth rate of 3.7% and reversing a decline of 3.1% in 2024 [1][6]. Consumption and Retail Strategies - Shanghai implemented various initiatives to boost consumption in 2025, including the issuance of "Le Shanghai" service consumption vouchers and the promotion of night economy and cultural tourism events [5][7]. - The number of tax refund stores for outbound tourists increased to 1,837, a growth of 136%, contributing significantly to the retail sales growth [6]. Industrial Development - The three leading industries in Shanghai—integrated circuits, biomedicine, and artificial intelligence—surpassed a combined scale of 2 trillion yuan in 2025 [8]. - Shanghai's focus on high-end industrial structure is evident, with significant advancements in strategic emerging industries [2][8]. Innovation and R&D - In 2025, Shanghai's total R&D expenditure was approximately 4.5% of its GDP, with a target of increasing this to 4.6% in 2026 [9]. - The city aims to enhance its innovation capabilities by establishing high-quality incubators and concept verification platforms, and by promoting the integration of technology and industry [8][9].

"十四五"期间，河北省国资委监管企业研发经费累计投入超过1000亿元，147项核心成果达到国际国内领先水平。 内容来源 | 河北日报 "这款首发产品效果出色，客户追加了订单。"1月16日，从一家车企客户那边回来，河钢集团邯钢公司技术中心特档技术主管刘红艳向技术团队分享了喜 讯。 这款首发产品是指冷轧热成形耐腐蚀钢C2101NS，抗拉强度达1500兆帕，具有耐腐蚀、轻量化、焊接性能优异等特性，主要用于汽车和农用机械制造。 2025年1月，邯钢公司组建攻关团队，通过优化成分设计、强化参数控制等措施，在国内率先研制出该产品，获得众多客户认可和信赖。 科技创新是发展新质生产力的核心要素。河北省国资委监管企业深入实施研发投入"三年上、五年强"专项行动，不断加强科技创新能力建设，持续完善科 技创新体系。"十四五"期间，河北省国资委监管企业研发经费累计投入超过1000亿元，研发投入强度位居全国省级监管企业前列。 在研发经费支持下，从钢铁到化工，从能源到交通，河北国企涌现出一大批重大创新成果，科技创新"硬实力"持续提升。 靠海吃海有了新吃法。对于工业排放的废弃浓海水，唐山三友集团自主研发了浓海水歧化处理及深度利用技术，可生产 ...

2026年北京经济技术开发区（北京亦庄）高质量发展大会在 近日召开，北京经开区工委副书记石 威发布2026年北京亦庄全球机遇清单，从空间支持、场景应用、基金引导、人才保障等四大维 度，聚焦战略性新兴产业和未来产业发布25个创新应用场景，开放83个高能级创新空间， 打造超 万亿元母基金集群，推出人才发展服务清单，抢占未来发展高地。 "这份清单突出时代脉动、注重前沿科技、强化数字变革、强调立体赋能，旨在更加立体护航企业 创新、做大创新红利。"石威表示。 北京经开区始终把人才作为发展新质生产力的源头活水，推出服务人才发展的"人才清单"。在为 国内外人才提供贴心服务方面，北京经开区亦庄建设的国际人才服务港，集中提供97个政务服务 事项和93个生活服务事项办理。同时，升级"亦城人才卡"，集成政务服务、金融服务、生活消 费、文体休闲等高频服务事项，实现"一卡通用、一网通办"；在支持人才创新创业方面，北京经 开区搭建青年人才孵化平台，配合首期2亿元人才基金，提供创新创业"第一桶金"。还认定15家 区级科技孵化器，每家孵化器为初创企业提供2000平方米创业空间；在青年人才住房保障方面， 提供"7天求职免费住，3个月实习免费短 ...

超级活水开闸了。 投资界-解码LP获悉，粤港澳大湾区创业投资引导基金（简称"粤港澳基金"）正式公开遴选子基金管理 机构。 作为国家创业投资引导基金在粤港澳大湾区设立的区域母基金，粤港澳基金在2026年1月22日落地深 圳，不到半月便开启遴选。一股超级活水涌来。 基金坚持"投早、投小、投长期、投硬科技"，通过"子基金+直投"双轮驱动，主要投向战略性新兴产业 和未来产业领域的种子期、初创期科技企业，全力支持原创性、颠覆性技术创新和关键核心技术攻关， 推动重大科技成果向现实生产力转化，服务国家高水平科技自立自强。 500亿，开启公开遴选 深创投信息显示，粤港澳基金严格遵循国家战略目标和投资要求，按照市场化、专业化原则规范运作， 为有序开展子基金管理机构遴选工作，秉承"公平公开、优中择优"原则，现面向社会公开遴选子基金管 理机构。 具体来看，粤港澳基金目标规模504.5亿元，存续期最长可达20年，由深创投担任管理人，深创投和华 润资本共同作为基金普通合伙人。 犹记得2025年12月26日，国家创业投资引导基金正式启动，彼时粤港澳基金、京津冀创业投资引导基 金、长三角创业投资引导基金同日宣布设立运行。据悉，未来三大引导 ...

以下文章来源于解码LP ，作者杨文静 解码LP . 投资界（PEdaily.cn）旗下，专注募资动态 迈出第一步。 作者/杨文静 报道/投资界-解码LP 投资界-解码LP获悉，粤港澳大湾区创业投资引导基金（简称"粤港澳基金"）正式公开 遴选子基金管理机构。 超级活水开闸了。 作为国家创业投资引导基金在粤港澳大湾区设立的区域母基金，粤港澳基金在2 0 2 6年1 月2 2日落地深圳，不到半月便开启遴选。一股超级活水涌来。 500亿 开启公开遴选 深创投信息显示，粤港澳基金严格遵循国家战略目标和投资要求，按照市场化、专业化 原 则 规 范 运 作 ， 为 有 序 开 展 子 基 金 管 理 机 构 遴 选 工 作 ， 秉 承 " 公 平 公 开 、 优 中 择 优 " 原 则，现面向社会公开遴选子基金管理机构。 具体来看，粤港澳基金 目标规模5 0 4 . 5亿元，存续期最长可达2 0年， 由 深创投 担 任 管 理人，深创投和华润资本共同作为基金普通合伙人。 基金坚持"投早、投小、投长期、投硬科技"，通过"子基金+直投"双轮驱动，主要投向 战略性新兴产业和未来产业领域的种子期、初创期科技企业， 全 力 支 持 ...