Core Viewpoint - The Chinese government is promoting the development of new application scenarios as a key driver for enhancing productivity, with Hefei actively facilitating the connection between innovative products and suitable application scenarios [1]. Group 1: Government Initiatives - The State Council issued implementation opinions to accelerate the cultivation and large-scale application of new scenarios, positioning them as crucial for developing new productive forces [1]. - Hefei has established a "scene working group" to identify and match technological capabilities with market needs, creating a bridge between supply and demand [7]. Group 2: Transportation Innovations - Hefei's Metro Line 4 transports over 250,000 passengers daily, supported by an intelligent system that utilizes quantum precision measurement technology and fiber optics for safety monitoring [3]. - The intelligent system can detect anomalies and deploy drones for safety inspections, showcasing the integration of innovative technology in public transport [5]. Group 3: Collaboration and Support - Hefei's government has invested initial funding to support technology companies in finding application scenarios, facilitating collaboration with state-owned enterprises for research and development [5]. - The city has published over 1,400 scenario opportunities and 1,500 capability listings, serving more than 4,100 technology enterprises and facilitating over 1,200 cooperative projects [9].

我们对场景并不陌生。现实中，以场景为观察视角，会发现一个别开生面的活力中国。 以场景培育赋能产业创新 韩 鑫 最近采访中，处在不同行业的两家企业，不约而同提到了一个关键词：场景。 一家投身低空物流赛道。从高原山地到城市海岛，从生鲜冷链到医疗运输，近几年，团队辗转各地探索 应用场景。企业负责人感慨："新产业（300832）前景变'钱景'，场景是痛点更是机遇。" 一家深耕家电领域多年。从单品智能转向全场景智慧家居，在存量竞争的市场红海中突出重围，企业创 始人笃信："万物互联时代，产品必将深度嵌入场景，行业会被生态覆盖！" 无论是驱动新兴行业茁壮成长，还是助力传统企业焕发新生，场景变得越来越重要。 何为"场景"？不久前，国办印发的《关于加快场景培育和开放推动新场景大规模应用的实施意见》指 出，场景"对促进新技术新产品规模化商业化应用具有重要牵引作用"。这一政策的出台，意味着首次在 国家层面对场景培育和开放进行系统部署。 它是人形机器人"入职"汽车生产线，是"聪明的车"奔驰在"智慧的路"；也是为游客定制的旅游专列，是 变身景区的高速公路服务区。它推动着新技术、新产品、新业态走向千家万户，更孕育着中国经济高质 量发展的 ...

像推进产业创新那样推进场景创新，打造更多新领域新赛道新业态，才能有力促进技术与产业双向奔 赴，把"试验田"变为"高产田" 最近采访中，处在不同行业的两家企业，不约而同提到了一个关键词：场景。 一家投身低空物流赛道。从高原山地到城市海岛，从生鲜冷链到医疗运输，近几年，团队辗转各地探索 应用场景。企业负责人感慨："新产业前景变'钱景'，场景是痛点更是机遇。" 一家深耕家电领域多年。从单品智能转向全场景智慧家居，在存量竞争的市场红海中突出重围，企业创 始人笃信："万物互联时代，产品必将深度嵌入场景，行业会被生态覆盖！" 无论是驱动新兴行业茁壮成长，还是助力传统企业焕发新生，场景变得越来越重要。 何为"场景"？不久前，国办印发的《关于加快场景培育和开放推动新场景大规模应用的实施意见》指 出，场景"对促进新技术新产品规模化商业化应用具有重要牵引作用"。这一政策的出台，意味着首次在 国家层面对场景培育和开放进行系统部署。 它是人形机器人"入职"汽车生产线，是"聪明的车"奔驰在"智慧的路"；也是为游客定制的旅游专列，是 变身景区的高速公路服务区。它推动着新技术、新产品、新业态走向千家万户，更孕育着中国经济高质 量发展的新动 ...

Core Insights - The article highlights the importance of scenario cultivation in accelerating the industrial application of new technologies, particularly humanoid robots, transitioning from laboratory settings to real-world applications [1][2]. Group 1: Scenario Cultivation - Scenario cultivation is identified as a "key variable" for the industrialization of new technologies, emphasizing the necessity for humanoid robots to collect data in real environments to enhance their service capabilities [1]. - The concept of scenario as a "systematic social pilot" is introduced, where new technologies and products are tested in specific contexts to validate their functionality and commercial viability [2]. Group 2: Policy Collaboration - Central and local governments are collaborating through policy guidance, resource integration, and financial support to promote systematic layout of scenario innovation, moving beyond isolated breakthroughs [2]. - Recent government initiatives, such as the issuance of implementation opinions to accelerate scenario cultivation, aim to support innovation in new business formats and fields [2][3]. Group 3: Application and Funding - Wuhan City has released 103 typical AI application scenarios, with 15 demonstration scenarios receiving funding of 1 million yuan each, showcasing local government support for AI applications in various sectors [3]. - Hangzhou has introduced a list of 292 scenario opportunities and 362 scenario capabilities, along with financial incentives for open-source projects, indicating a proactive approach to fostering AI innovation [3]. Group 4: Industrialization Capability - The ultimate goal of scenario cultivation is to achieve large-scale industrialization of new technologies, with several demonstration projects transitioning from technical demonstrations to practical applications [3][4]. - The opening of the humanoid robot 7S store in Hubei signifies a shift towards market application, integrating solution provision, demonstration, and training functions [3]. Group 5: Market Opportunities - UBTECH has won a humanoid robot demonstration project in Guangxi with a contract value of 264 million yuan, highlighting the significant market opportunities for high-tech enterprises in real application scenarios [4]. - The presence of diverse application scenarios is expected to facilitate rapid technological iteration and overall industry growth, as companies can refine their products based on real-world demands [4].

近期，各地密集发布人工智能相关的新产品、新技术、新场景清单，举行新技术领域的供需交流会。 近期，各地密集发布人工智能相关的新产品、新技术、新场景清单，举行新技术领域的供需交流 会，并开展消费新业态新模式的创新活动，以新场景的培育打通新领域从技术到产业的"通道"，提 高供需适配性，进一步发展新质生产力，畅通经济循环。 浙江杭州近日不仅发布了人工智能场景开放示范"两张清单"，还公布了人工智能开源"政策 包"。"两张清单"包括了292项场景机会清单和362项场景能力清单，涵盖了"湖滨步行街AI黑科技 首发街区""隐患排查AI大模型""人防工程巡检机器人""智算中心巡检机器人"等覆盖各行各业的机 会场景。 "场景"正成为各地政策措施的"关键词"。此前国办印发的《关于加快场景培育和开放推动新场景大 规模应用的实施意见》首次在国家层面对场景培育开放进行系统部署，旨在以场景"富矿"畅通要素 流动，加快新技术的产业化应用。 "场景培育和开放作为新型政策工具，其意义在于打通了科技创新与产业创新的转化通道。传统政 策多聚焦供给端，通过补贴或税收优惠推动技术研发，但技术成果常因缺乏应用场景而难以落地。 场景培育将创新环节前置，比如 ...

Core Viewpoint - The A-share market experienced a rebound during the week of November 3 to 7, maintaining a high-level fluctuation pattern, with micro-cap and dividend stocks performing notably well while other indices showed mixed results [1][3]. Market Performance - The performance of major indices for the week and year-to-date is as follows: - Wind Micro-Cap Index: Weekly increase of 3.16%, Year-to-date increase of 83.54% - Dividend Index: Weekly increase of 2.85%, Year-to-date decrease of 0.53% - Shanghai Composite Index: Weekly increase of 1.08%, Year-to-date increase of 19.27% - CSI 2000: Weekly increase of 0.88%, Year-to-date increase of 33.35% - CSI 300: Weekly increase of 0.82%, Year-to-date increase of 18.90% - ChiNext Index: Weekly increase of 0.65%, Year-to-date increase of 49.80% - CSI 1000: Weekly increase of 0.47%, Year-to-date increase of 26.59% - Shenzhen Component Index: Weekly increase of 0.19%, Year-to-date increase of 28.70% - Sci-Tech 50: Weekly increase of 0.01%, Year-to-date increase of 43.15% - CSI 50: Weekly decrease of 0.04%, Year-to-date increase of 14.25% - CSI 500: Weekly decrease of 0.04%, Year-to-date increase of 27.98% - North Exchange 50: Weekly decrease of 3.79%, Year-to-date increase of 46.73% [2]. Stock Movement - The number of stocks that rose during the week increased slightly compared to the end of October, but overall, the market remained mixed with both gains and losses [5]. - On November 7, the number of stocks that rose was 2,977, while 2,423 stocks fell, compared to 2,861 rising and 2,523 falling on October 31 [6]. Sector Rotation - The market saw sector rotation due to the narrow fluctuation of indices without significant volume breakthroughs, with recent hot sectors experiencing ups and downs, while long-term low-performing sectors showed signs of recovery [7]. - The leading sectors for the week included power generation, chemicals, and certain regional stocks, while the sectors that declined were primarily those that had performed well in the previous week, such as pharmaceuticals and AI applications [7]. Investment Recommendations - Short-term investment advice suggests a balanced allocation towards sectors with upward policy and industry trends, such as new energy (wind power, energy storage, solid-state batteries), machinery (robots), non-ferrous metals, media (gaming), computing (AI applications), and pharmaceuticals [10]. - Sectors that may benefit from the "14th Five-Year Plan" and potential marginal improvements in fundamentals include consumption (food, retail), military (commercial aerospace), electronics (AI hardware), and communications (computing power) [10]. External Demand Concerns - There is a growing discussion regarding the weakening of external demand, which may lead to increased focus on domestic demand themes in the upcoming week [12]. - In October, China's total import and export value was 3.7 trillion yuan, a slight increase of 0.1%, with exports at 2.17 trillion yuan, down 0.8%, marking the first negative growth in monthly export growth since the second half of this year [12][13]. Upcoming Events - Important upcoming events include the China Robot Industry Development Conference on November 10, the International Summit on Battery New Energy Industry in Suzhou on November 11, and the World Power Battery Conference on November 12, among others [17].

Key Points - The upcoming ADP employment report on November 5 and the potential delay of the official non-farm payroll data due to government shutdown indicate a significant slowdown in the U.S. job market, which may influence the Federal Reserve's future interest rate decisions [2][15] - The recent announcement from the Ministry of Finance and the State Taxation Administration regarding gold tax policies continues to favor transactions on exchanges, while imposing VAT on non-exchange channels, highlighting the tax advantages of exchange trading [5][6] - A breakthrough in nuclear energy technology was achieved with the successful conversion of thorium-uranium nuclear fuel based on molten salt reactors, providing a technological foundation for industrial applications in China and potentially transforming the nuclear energy landscape [3][10] - The latest financial report from Berkshire Hathaway shows a record cash reserve of $381.6 billion, with a third-quarter revenue of $94.972 billion and a net profit of $30.796 billion, indicating strong financial health and operational performance [11] - The recent meeting of the State Council emphasized the need for deepening reforms and expanding institutional openness, which is crucial for promoting a high-level open economy and enhancing market openness [4] - The release of new public offering guidelines by the China Securities Regulatory Commission aims to enhance the stability of public fund investment behaviors and improve investor experience [8] - The "national team" of investors has maintained its holdings in broad-based ETFs while showing some adjustments in sector-specific ETFs, with a significant increase in ETF scale and performance in the third quarter [9]