你有多久没有走进一家药店？近日，上海证券报记者走进位于南京东路的第一医药旗舰门店，扑面而来 的不再是浓浓的"药味"，而是科技感满满的"AI味"。 步入第一医药药房，目之所及不再仅是整齐排列的药品货架，而是融合了医疗服务新场景的AI智能体 检区、康复辅具体验中心等，传统大药房俨然"变身"为一个融合健康监测、智慧服务与专业咨询的"一 站式健康生活站"。 从传统到现代，从药房到健康生活站，这不仅是AI技术赋能的创新一步，更是第一医药这家拥有70多 年历史的老牌药企转型的一步。 前瞻的战略部署离不开上海商贸零售"航母"——百联集团的精准领航。作为百联旗下唯一的大健康产业 平台，第一医药，不仅是闻名沪上的"第一医药商店"这一地标载体，更被百联集团寄予厚望：打造成为 长三角领先的医药与健康服务商。 老药房谋新局 "如今卖药难。"第一医药总经理姚军向记者直言，整个医药流通行业正经历着前所未有的冲击，医药零 售行业正经历结构性变革。 记者采访了解到，第一医药正积极响应百联集团对大健康板块的战略部署，聚焦银发经济市场，着力从 产品端与服务端构建企业核心竞争力。 从线下场景的服务升级，到模式重构的创新打法，这家老字号大药房主动拥 ...

中国经济导报、中国发展网讯 记者邢成敏报道 11月27~28日，国家发展改革委在湖南省长沙市组织召 开全国促进民营经济发展壮大现场会，认真学习领会党的二十届四中全会精神，深入贯彻落实习近平总 书记在民营企业座谈会上的重要讲话精神，以实际行动鼓励支持引导民营企业进一步坚定信心、扩大有 效投资，全力促进民营经济高质量发展。国家发展改革委党组成员、副主任周海兵，湖南省委常委、常 务副省长张迎春，长沙市委副书记、代理市长陈博彰出席会议并讲话。 会上，国家发展改革委、住房城乡和建设部、国家能源局分别对进一步促进民间投资发展、深入实 施"人工智能+"行动、持续推进城市更新行动等政策作了全面系统解读，中央网信办、最高人民法院、 司法部分别就优化营商网络环境、司法护航民营经济、开展规范涉企执法专项行动等工作及成效进行了 详细介绍。会议集中推介了各地200余个吸引民间资本参与的项目，浙江、河南、湖北、湖南、广东、 四川等地进行了项目推介和路演。中国工商银行、中国农业银行、中国银行、中国建设银行、交通银 行、中国邮政储蓄银行、招商银行、中国民生银行、湖南银行等介绍了支持民间投资的特色金融产品， 并与一批民营企业现场授信签约。会议 ...

公开征集意见时间为：2025年12月1日至12月30日。 央视网消息：为贯彻落实党中央、国务院关于进一步优化政务服务、提升行政效能、深入实施"人工智 能+"行动等决策部署，着眼政务服务标准化、规范化、便利化，全面深化"一网通办"，加快推进政务服 务数智化发展，不断优化政务服务体验，擦亮"北京服务"品牌，北京市政务服务和数据管理局牵头起草 了《北京市全面深化"一网通办" 推进政务服务数智化发展行动计划（2026-2027年）（征求意见 稿）》，现向社会公开征集意见，欢迎社会各界提出意见建议。 附件：《北京市全面深化"一网通办" 推进政务服务数智化发展行动计划（2026—2027年）（征求 意见稿）》 ...

Group 1 - The core viewpoint of the articles highlights the positive signals for the A-share market, particularly the stabilization and potential recovery of ROE after 16 consecutive quarters of decline, which is seen as a crucial indicator for the upcoming bull market [2] - The analysis emphasizes the importance of adjusting investment perspectives due to structural changes in the A-share market, moving beyond traditional reliance on domestic credit and real estate data [2] - Key data points shared by the analysts include the slowing down of PPI decline, overseas fiscal expansion, and the low inventory replenishment cycle, all contributing to the optimistic outlook for A-share ROE [2] Group 2 - The investment methodology for emerging industries focuses on "early layout" through three main signals: policy mapping, overseas mapping, and primary market tracking [3][4] - Policy mapping involves identifying systematic layouts from top-down approaches, with significant attention to national planning documents and new directives from decision-making bodies [3] - Overseas mapping highlights the influence of leading tech companies' stock price movements and significant events in the tech sector, such as product launches and financial reports, on the A-share market [3][4] Group 3 - The primary market mapping tracks trends in private equity, venture capital, mergers, and IPOs, indicating the sensitivity of these markets to emerging industries [4] - Data from the investment research institute shows that AI sector financing reached 7.06% in the first half of 2025, marking a peak in nearly a decade, with significant funding rounds occurring in the embodied intelligence sector [4] - The acceleration of mergers and IPOs in AI and robotics since 2025 reflects the growing interest and activity in these emerging industries [4] Group 4 - The overarching theme of high-quality development in the capital market is emphasized as a fundamental goal for the current period and the "15th Five-Year Plan" [5] - The focus is on comprehensive reforms in investment and financing, enhancing openness and regulatory efficiency, while balancing support for technological innovation and improving market quality [5] - The aim is to increase the capital market's inclusiveness, adaptability, attractiveness, and competitiveness, ultimately benefiting a broader range of investors [5]

全球行业"大咖"齐聚金陵，深入探讨智能制造领域的最新发展趋势、前沿技术以及创新应用案 例；"机器人"元素满满，来自21个国家和地区的456家企业携超2000项智能制造领域前沿成果亮相…… 数智驱动，新质领航。11月29日，为期3天的2025世界智能制造大会在南京落幕。自2016年首次 举办以来，这一全球"智造"盛会已在南京连续举办了10届，已成为全球智能制造领域最具权威性、影响 力的盛会之一，为全球制造业智能化转型与数字化升级贡献了中国智慧、江苏方案与南京力量。 引领全球"风向标"，探索智能制造赋能新路径。展望下一个十年，在南京，看见"智造"未来。 智能制造2.0驱动，"预见AI"抢占未来制高点 "智能制造2.0正在到来，其作为第四次工业革命的核心技术，将成为加快建设制造强国的核心驱动 力。"主题大会上，国际智能制造联盟荣誉主席、中国工程院院士周济在演讲时指出。 何为智能制造2.0？周济称，新一代人工智能技术与先进制造技术深度融合，形成了新一代的智能 制造即智能制造2.0，"未来十年，中国制造业将进一步高质量发展，实现从'数字化转型'到'智能化升 级'的历史性跨越。" 突出专业纵深，树立未来发展"风向标"。主 ...

制图：史明磊（元宝AI生成） 人工智能行业一路高歌猛进，吸引巨额投资，相关公司估值屡创新高。与此同时，业界对其是否存在泡 沫的担忧挥之不去。11月30日下午，在2025年"读懂中国"国际会议(广州)上，多位嘉宾谈及此话题。有 嘉宾提出，中国提出的"人工智能+"行动思路是破解泡沫担忧的根本办法。 强调人工智能与实体经济融合 人工智能行业是否存在泡沫，是该领域的主要争论之一。第十四届全国政协委员、人口资源环境委员会 委员，工业和信息化部原副部长王江平指出，"泡沫论"的声音认为，当前AI投资呈现"集中度高、风险 特殊、瓶颈凸显"三大特征。具体表现在：发生在AI领域的投资规模过高和集中，95%企业的AI投入未 能产生实际回报等。 第十四届全国政协委员、教科卫体委员会委员，科技部原副部长李萌在主旨报告中也提到了"AI泡沫"。 他以互联网为例分享道，互联网行业初期缺乏"内容产业"，也伴随泡沫担忧，但后期催生和繁荣了移动 支付、电商、物流、外卖、工业互联网、智能网联汽车、智能电网、共享单车等欣欣向荣的新产业新经 济。 "中国的思路是破解泡沫担忧的根本办法。"李萌分享道，正因为吸取了互联网泡沫的教训，我国在鼓励 发展人工智能 ...

2. 广发证券：2026年A股春季躁动值得期待 对机构"最不利"的阶段，即将过去。每年11月，市场涨跌与基本面相关性最弱。但进入12月，基本面定 价的有效性会逐步加强。"赚钱效应"最好的时间窗，即将打开。每年春季有两个重要时间点：春节、两 会。在这期间，市场有很好的"赚钱效应"，也就是"春季躁动"窗口期，平均持续约20个交易日。春节前 后，市场从低胜率转向高胜率；大盘风格转向小盘风格。 12月到1月是春季躁动布局的很好时机，尤其是针对那些年报预告不太会暴雷且明年景气度趋势不错的 方向。同时考虑截至上周五市场最低点，很多板块调整幅度已经达到历史上主线品种的平均水平，12月 可以逐步纳入观察范围。 3. 光大证券：市场仍处牛市，但短期或宽幅震荡 与往年牛市相比，当前指数仍然有相当大的上涨空间，但是在国家对于"慢牛"的政策指引之下，牛市持 续的时间或许要比涨幅更加重要。不过短期来看，市场可能缺乏强力催化，叠加年末部分投资者在行为 上可能趋于稳健，股市短期或以震荡蓄势为主。配置方面，短期关注防御及消费板块，中期继续关注 TMT和先进制造板块。 上周A股市场呈现震荡向上行情，主要宽基指数录得上涨，全A指数上涨2.90% ...

Core Insights - The artificial intelligence (AI) industry is experiencing rapid growth, attracting significant investment and achieving record-high valuations, while concerns about a potential bubble persist [1] - The "AI+" initiative proposed by China is viewed as a fundamental solution to address bubble concerns in the AI sector [1] Group 1: AI Industry Bubble Concerns - The debate over whether the AI industry is in a bubble is a major topic, with high investment concentration, unique risks, and prominent bottlenecks identified as key characteristics [2] - A significant portion of AI investments, specifically 95% of enterprises, have not yielded actual returns, raising concerns about the sustainability of current investment levels [2] Group 2: Integration with the Real Economy - The former Vice Minister of the Ministry of Industry and Information Technology, Wang Jiangping, emphasized the importance of integrating AI with the real economy to mitigate bubble fears [4] - The concept of "embodied intelligence" is highlighted as a critical future industry, representing a deep integration of AI with the physical world, which could enhance manufacturing levels and open new growth avenues [6] Group 3: Educational Initiatives in AI - Guangdong province has established a robust AI industry with a core scale exceeding 220 billion, featuring a complete industrial chain and numerous leading companies [7] - The province has initiated educational reforms, with 117 vocational schools offering AI-related programs, aiming to cultivate high-skilled talent aligned with the intelligent industry ecosystem [9]

钛媒体App 11月30日消息，银河证券表示，11月市场行情呈现出高低切换特征，资金从高估值成长股流 向低估值周期股及红利资产，防御板块吸引力上升。12月来看，市场仍处于风格频繁切换阶段，或以结 构性行情为主。一方面，作为年末最关键的政策窗口，重要政策会议在科技创新、扩内需、反内卷、稳 地产等方面或将作出重点部署。另一方面，一系列产业会议可能成为主题行情的重要催化剂，关注即将 召开的2025"人工智能+"产业生态大会、脑机接口大会等。而外部环境依然存在不确定性，12月美联储 议息会议表态对全球市场流动性的潜在影响值得关注。（广角观察） ...

Core Viewpoint - The National Development and Reform Commission (NDRC) is actively promoting the development of the private economy, emphasizing the importance of confidence and effective investment to achieve high-quality growth in the sector [1][2]. Group 1: Policy Initiatives - The NDRC, along with other governmental bodies, provided comprehensive interpretations of policies aimed at enhancing private investment, implementing "Artificial Intelligence+" initiatives, and advancing urban renewal actions [2]. - The meeting highlighted the need for local governments to expand market access, strengthen support for resources, and protect the legal rights of private enterprises to stimulate private investment [1]. Group 2: Project Promotion - Over 200 projects were promoted to attract private capital, with regions such as Zhejiang, Henan, Hubei, Hunan, Guangdong, and Sichuan participating in project presentations and roadshows [2]. - Major banks, including Industrial and Commercial Bank of China and Agricultural Bank of China, introduced specialized financial products to support private investment and signed credit agreements with several private enterprises during the meeting [2]. Group 3: Stakeholder Engagement - The conference was attended by representatives from central and local government departments, industry associations, financial institutions, and private enterprises, indicating a collaborative approach to fostering private sector growth [3].