据悉，注册会计师行业作为金融体系的"专业护航者"，此次组团参展旨在搭建行业与产业、金融机构的 精准对接桥梁，助力金融资源向实体经济高效转化。 11月19日，第十九届深圳国际金融博览会（以下简称"深圳金博会"）在深圳会展中心（福田）启幕。作 为国内规模最大、覆盖金融领域最广的专业展会之一，本届深圳金博会以"产业金融新高地，科创赋能 向未来"为主题，吸引了全球多个国家和地区的288家机构参展。深圳市注册会计师协会（以下简称"深 圳注协"）组织15家知名会计师事务所集体亮相"政府投资引导基金与专业财税服务展区"，聚焦资本市 场服务、ESG鉴证实践、跨境金融审计合规等核心领域，全方位展现注册会计师行业赋能金融高质量发 展的专业价值。 本届深圳金博会紧扣"做好金融'五篇大文章'"核心主线，创新采用"1+3+N"模式，同步举办2025深圳国 际金融大会、金融科技大会等高端论坛，设置9大特色主题展区，打造"政产学研资"一体化交流平台。 深圳注协牵头打造的行业联合展区，以"专业护航金融创新，赋能产业协同发展"为展示核心，通过成果 展板、案例解析、互动咨询等多元形式，集中呈现注册会计师行业在服务金融机构合规经营、风险防 控、数 ...

Core Viewpoint - The article emphasizes the development of new productive forces in Shanghai, driven by technological innovation, innovative allocation of production factors, and deep industrial transformation, aiming for high-quality economic growth and enhanced productivity [1][2]. Group 1: New Productive Forces - New productive forces are characterized by technological breakthroughs, innovative resource allocation, and deep industrial upgrades, focusing on technological innovation as the core driver [1]. - Shanghai is tasked with enhancing institutional openness during the 14th Five-Year Plan period, adapting to local conditions to develop new productive forces [2]. Group 2: Technological Innovation - Shanghai has made significant progress in technological innovation, with PCT international patent applications increasing from 1,038 in 2014 to 7,012 in 2024, indicating a substantial improvement in intellectual property innovation and management [5]. - The number of publications in top journals has risen from 31 to 158, with the share of national publications increasing from 17.51% to 29.6%, reflecting enhanced research capabilities [5]. - Basic research funding has grown from 5.487 billion yuan in 2013 to 22.035 billion yuan in 2023, with its share of total R&D investment rising from 7.06% to 9.6% [5]. Group 3: Modern Industrial System - Shanghai is accelerating the construction of a modern industrial system, targeting a scale of 18 trillion yuan for its three leading industries (integrated circuits, biomedicine, artificial intelligence) by 2024 [8]. - The city is developing trillion-level and five-hundred-billion-level industrial clusters in key sectors such as electronic information and high-end equipment, achieving significant milestones [8]. - Challenges include the need for digitalization and green transformation of traditional industries, as well as the establishment of a future industrial growth mechanism [9]. Group 4: Technology-Industry-Finance Cycle - Shanghai aims to promote a high-level cycle of technology, industry, and finance, addressing the low success rate of technology transfer and the lack of top-level design in financial capital investment [10]. - Specific measures include guiding long-term capital investments in hard technology and developing carbon finance and markets to support green transformation [10]. Group 5: Talent Development - Shanghai is integrating education, technology, and talent systems to build a competitive talent ecosystem, focusing on attracting high-level talent and enhancing the evaluation system [13]. - Challenges include improving the global competitiveness of top scientists and increasing the concentration of innovative resources [13]. Group 6: Resilient City Development - Shanghai has made notable progress in building a livable, smart, and resilient city, with significant advancements in digital governance and emergency response systems [15]. - However, challenges remain in upgrading old infrastructure and ensuring balanced application of smart governance technologies across the city [16]. Group 7: Yangtze River Delta Collaboration - Shanghai is advancing collaborative development in the Yangtze River Delta, with significant reforms and innovation initiatives underway [18]. - Key issues include industrial project homogeneity and resource dispersion, necessitating coordinated efforts in technology and industrial innovation [19].

Core Insights - Chengdu S Fund successfully acquired shares from New Hope Investment Group, enhancing liquidity in the local private equity market and promoting industrial ecosystem optimization in Chengdu [1][2] - The core investment strategy of the acquired fund focuses on the aerospace sector, with nearly half of its 15 invested projects being local Chengdu initiatives, supporting local tech enterprises and industrial upgrades [1] Group 1 - Chengdu S Fund serves as an important innovation tool in the multi-level capital market system, improving the efficiency of equity investment services and enhancing the exit ecosystem for industrial investment funds [2] - The fund has completed four share transfers since its establishment, supporting over 300 tech SMEs, laying a solid foundation for future industrial development in Chengdu [2] - Chengdu S Fund aims to be a leader in technological innovation, focusing on hard technology sectors and attracting various capital to participate in supporting tech enterprises [2]

Core Viewpoint - The article emphasizes the importance of developing a technology finance system that aligns with technological innovation in the power industry, highlighting the role of capital markets in facilitating the integration of technology, industry, and finance [1] Group 1: Capital Market Tools Supporting the Power Industry - Capital market tools such as debt financing and equity financing are crucial for the power industry, providing low-cost financing options like technology innovation bonds and intellectual property securitization [2] - In September 2024, China Huadian Group issued a 5-year technology innovation bond totaling 1.5 billion yuan with a coupon rate of 2.24%, which is 16 basis points lower than the AAA-rated corporate bond rate [2] - In June 2023, Xiamen Haichen Energy Technology raised 4.575 billion yuan in Series C financing, and in January 2025, China Energy Construction issued 1.261 billion yuan in equity REITs to support hydropower projects [2] Group 2: Capital Market Mechanisms Enhancing Competitiveness - Capital market mechanisms such as employee stock ownership plans and mergers and acquisitions are vital for enhancing competitiveness in the power sector [3] - In October 2024, State Power Investment Corporation restructured its assets by divesting financial assets and acquiring quality nuclear power assets [3] - From 2024 to the first quarter of 2025, 14 new energy strategic emerging industry companies were listed on the A-share market, with an average risk premium of 1.57 times, indicating higher investment value [3] Group 3: Capital Market Services for Technological and Industrial Innovation - The capital market provides lifecycle services for technological innovation, supporting early-stage, mid-stage, and late-stage financing needs through various financial instruments [5] - For traditional industry upgrades, capital markets facilitate mergers and acquisitions aimed at transformation, while also supporting digital and green transformations through REITs [6] - To foster future industries like controlled nuclear fusion and perovskite photovoltaics, different types of venture capital funds are utilized to guide resources towards technological development [6]