眼下正值年底，立足当下展望后市，A股市场将会如何表现？哪些投资方向值得关注？针对这些投资者 关心的问题，我们一起来看长城久祥基金经理刘疆的解读。 刘疆表示，年底临近，市场情绪偏谨慎，一方面部分资金有兑现收益的诉求，另一方面交易量持续收 缩，呈现强势品种不断缩圈、热点轮动过快较难把握的状态。但他倾向于认为，这种状态只是积极市场 下的必要调整，持续时间可能不会太长，市场的前景仍持续值得期待，而科技新兴成长板块将继续保持 引擎的地位。 投资方向上，刘疆认为可重点关注以下几个方面：一是以算力为核心的基础设施领域，当前该赛道景气 度正加速爆发，具体可关注算力芯片、光通信、PCB、液冷技术、存储设备及卫星算力等细分方向的投 资机会；二是AI驱动下的端侧与云端协同领域，随着AI基础设施建设逐步完善、AI技术能力持续迭 代，端侧硬件及云端应用中有望涌现潜出"爆品"，这类"爆品"将带动新生态与新产业链形成，相关投资 机会值得重点挖掘；三是具身智能场景落地领域，人形机器人、无人车、无人机等产品，将显著受益于 AI技术能力的进化，行业有望迎来爆发式发展，具备较高投资价值；四是"十五五"规划重点提及的战略 性新兴产业和未来产业。 责 ...

责任编辑：钟离 财经频道更多独家策划、专家专栏，免费查阅>> 格隆汇12月12日丨今天国际(300532.SZ)公布，为促进公司长远发展，充分借助专业投资机构的专业资 源在投资领域的广泛布局及资源整合能力，为公司实现产业链整合及相关业务的投资，公司拟与专业投 资机构深圳市松禾成长私募股权基金管理有限公司（简称"深圳松禾"）、港中大（深圳）资产经营有限 公司（简称"港中大公司"）、深圳市天使投资引导基金有限公司（简称"深圳天使基金"）、深圳市龙岗 区引导基金投资有限公司（简称"龙岗引导基金"）合作投资设立产业基金深圳市港中深松禾一号种子私 募创业投资基金合伙企业（有限合伙）（简称"产业基金"或"合伙企业"），并签署合伙协议，基金规模 10,000万元，公司作为产业基金有限合伙人拟以自有资金认缴出资1,700万元，出资金额占合伙企业认缴 出资总额的17%。主要投资方向：全部投向深圳战略性新兴产业和未来产业的相关领域（简称"20+8产 业"）。 ...

格隆汇12月12日丨今天国际(300532.SZ)公布，为促进公司长远发展，充分借助专业投资机构的专业资 源在投资领域的广泛布局及资源整合能力，为公司实现产业链整合及相关业务的投资，公司拟与专业投 资机构深圳市松禾成长私募股权基金管理有限公司（简称"深圳松禾"）、港中大（深圳）资产经营有限 公司（简称"港中大公司"）、深圳市天使投资引导基金有限公司（简称"深圳天使基金"）、深圳市龙岗 区引导基金投资有限公司（简称"龙岗引导基金"）合作投资设立产业基金深圳市港中深松禾一号种子私 募创业投资基金合伙企业（有限合伙）（简称"产业基金"或"合伙企业"），并签署合伙协议，基金规模 10,000万元，公司作为产业基金有限合伙人拟以自有资金认缴出资1,700万元，出资金额占合伙企业认缴 出资总额的17%。主要投资方向：全部投向深圳战略性新兴产业和未来产业的相关领域（简称"20+8产 业"）。 ...

人民财讯12月9日电，12月9日，中国诚通党委书记、董事长奚正平在集团总部会见中国一重（601106） 党委书记、董事长吕智强一行，双方就进一步加强合作进行深入交流。奚正平表示，中国诚通愿充分发 挥自身优势，与中国一重持续加强在金融服务、资产管理、产业培育等方面的合作，共同服务国家重大 战略落实。吕智强表示，期待双方在资产管理、战略性新兴产业和未来产业、金融服务等方面持续深化 合作，为实体经济高质量发展注入新动能。 ...

会议更加关注"持续扩大内需、优化供给"。扩大内需是构建新发展格局、应对国际经贸斗争的战略基 点。将扩大内需与优化供给结合起来，以新需求引领新供给，以新供给创造新需求，促进消费和投资、 供给和需求良性互动，能够增强国内大循环内生动力和可靠性。 近日，我国出台进一步促进民间投资发展的13项措施，激发民间投资活力，增强市场主导的有效投资增 长动力。与此同时，相关部门制定并发布了《关于增强消费品供需适配性进一步促进消费的实施方 案》，增强供给与需求的适配性，进一步释放消费潜力。这一系列着眼于优化供给的政策，主要是以优 质供给更好满足多元需求，实现供需更高水平动态平衡。 "做优增量、盘活存量"是关键。做优增量必须因地制宜发展新质生产力，培育战略性新兴产业和未来产 业；保持投资合理增长，提高投资效益，扩大有效投资。但是，相对我国经济巨大的存量，做优增量在 规模上不足以支撑经济稳定增长，因此，必须盘活存量，让存量资产和传统产业焕发新效能，包括优化 提升传统产业，推动技术改造升级，促进制造业数智化转型以及服务业优质高效发展。 12月8日，中共中央政治局召开会议，分析研究2026年经济工作。会议指出，明年经济工作要坚持稳中 求 ...

Core Viewpoint - The Central Education Work Leading Group has issued the "Action Plan for the Adjustment and Optimization of Higher Education Disciplines and Majors (2025-2027)", aiming to establish a mechanism for adjusting disciplines and majors based on technological development and national strategic needs [1] Group 1 - The plan proposes the construction of a national talent supply and demand data platform [3] - It emphasizes shortening adjustment cycles and enhancing coordination among graduate, undergraduate, and vocational disciplines [3] - The plan advocates for differentiated advancement in the layout of foundational, applied, and strategic disciplines [3] Group 2 - The plan outlines actions for urgent discipline and major layout, targeting strategic emerging industries and future industries for rapid establishment of several discipline points [5] - It includes actions to elevate foundational disciplines, increasing support for foundational disciplines in the cultivation of first-class disciplines [5] - The plan also promotes the incubation of emerging and interdisciplinary fields, establishing a number of exemplary interdisciplinary centers [5] Group 3 - Over the past two years, the Ministry of Education has guided universities to add 3,715 undergraduate majors and has canceled or suspended 6,638 majors [7] - Additionally, 12,000 new vocational majors have been added, with over 8,200 majors canceled [7] - The plan encourages the reform pilot of the adjustment and optimization mechanism for disciplines and majors, with nearly 100 universities in 18 provinces actively exploring new models for discipline construction and talent cultivation [7]

Core Viewpoint - The construction of a modern industrial system in China relies heavily on the integration of technological innovation and industrial innovation, emphasizing that these two aspects should not be treated separately [1][3]. Group 1: New Quality Productivity - The development of new quality productivity should be a key focus in the "14th Five-Year Plan," particularly in strategic emerging industries and future industries [3]. - The main challenges facing industrial development include uncertainties in economic operations, such as technological shocks from big data and artificial intelligence, as well as geopolitical factors [3]. Group 2: Industrial Concepts - New concepts introduced include industrial scope, industrial boundaries, and industrial depth, which emphasize the importance of not only the scale of industry development but also the composition and connections between industries [3]. - The balance between technological and economic factors, as well as domestic and international dynamics, is crucial for the growth of any industry [3]. Group 3: Financial Support for Innovation - Financial policies must innovate to provide precise support for technological innovation and green transformation while balancing financial openness and risk prevention [4][5]. - Key elements of financing for technological innovation and green transformation include quantity, price, and duration, with a focus on mobilizing commercial financial institutions through lower interest rates and longer terms [5]. Group 4: Financial Openness and Risk Management - Financial openness is essential, requiring the effective utilization of both domestic and international financial resources, while continuously improving compliance and risk management systems [5]. - Future risk prevention will focus on cross-border capital flows and cross-market risk transmission, necessitating international regulatory cooperation and the use of modern technologies like big data and AI [5].