版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 在11月18日举办的第二十届中国经济论坛平行论坛——2025大湾区科技与金融创新发展大会上，证券时报社党 委书记、社长兼总编辑程国慧代表主办方致辞，深入剖析科技与金融深度融合的时代逻辑与探索实践。 程国慧指出，南沙是粤港澳大湾区这片热土上一颗冉冉升起的璀璨新星，依托得天独厚的区位优势，叠加国家 战略赋能，形成了人工智能、生物医药、高端装备等新兴产业企业集群，成为连接港澳、辐射全国、面向世界 的重要门户，为科技与金融的深度融合提供了广阔舞台。 科技创新是高质量发展的核心驱动力。党的二十届四中全会公报多次提及"科技""创新"和"新质生产力"，并鲜 明提出"加快高水平科技自立自强"的战略目标。程国慧指出，这些都充分彰显党中央对科技创新的高度重视， 也预示着"十五五"时期，我国将以更大力度推动科技引领经济发展，坚定"抢占科技制高点"的战略决心。此 外，政策层面明确要求构建与科技创新相适配的科技金融体系，则为二者的深度融合指明了清晰方向。 作为中国式现代化的关键施工图，"十五五"规划承载着实现中 ...

在中国车谷展示中心，一张1991年的老照片引人注目：当时为承接中法合资30万辆汽车项目，武汉经开 区正式破土动工，开工典礼的红色横幅醒目，黄土岗上推土机的履印刻下"车谷"的起点，讲述着武汉经 开区从"一辆车"到"一座城"的蜕变。 潮平两岸阔，风正一帆悬。 车轮滚滚，浪潮奔涌。随着新能源与智能网联汽车浪潮来袭，武汉经开区以"车"为核，向产业链上下游 纵深突围。"一边是传统燃油车优势逐渐减弱，一边是新能源赛道起步稍慢，转型迫在眉睫。"武汉经开 区军山新城管理办公室党工委委员张于威说。 岚图汽车的黄金工厂与云峰工厂内，工业机器人、协作机器人、复合式机器人团结协作，AI视觉检测 系统精准扫描记录，两大生产基地平均每63秒即可下线一台车，有效承接持续增长的订单需求。 11月10日，岚图汽车第30万辆整车——岚图泰山正式下线。岚图成为国内首个达成这一规模的央国企高 端新能源品牌。从"10万辆到20万辆用时一年"到"20万辆到30万辆仅用7个月"，岚图不断刷新"国家 队"在新能源领域的发展速度，为央国企转型升级树立实践典范。 这是武汉经开区新能源汽车加速发展的生动写照。今年1-9月，武汉经开区整车产量近60万辆，新能源 车 ...

Core Insights - Wuhan Economic Development Zone is transforming from traditional automotive manufacturing to new energy and intelligent connected vehicles, showcasing a successful model of high-quality development in the automotive industry [1][8]. Policy Guidance - The development of the "Car Valley" is supported by policies that encourage the transition from traditional fuel vehicles to new energy vehicles, with a focus on enhancing the entire industrial chain [1][3]. - The establishment of the Wuhan Intelligent Automotive Software Park and supportive policies for smart connected vehicles are part of the efforts to foster innovation in the sector [3]. Production and Growth - In the first nine months of 2023, the production of vehicles in Wuhan Economic Development Zone reached nearly 600,000 units, with over 300,000 being new energy vehicles, marking a year-on-year growth of nearly 60% [2]. - The production capacity of major projects is being accelerated, with a goal of achieving a million new energy vehicles [2]. Capital Empowerment - Lantu Motors has submitted an application for listing on the Hong Kong Stock Exchange, marking a significant step in connecting enterprises with capital markets [5]. - The establishment of the Wuhan Car Valley Science and Technology Investment Fund, with a total scale of 1 billion yuan, aims to support hard technology enterprises [5][6]. Industry Ecosystem - The integration of innovation, industry, and supply chains is being emphasized to stimulate high-quality development in the automotive sector [6][7]. - The "Yangtze River Automotive Chain" platform has been established to enhance collaboration among nearly 30,000 enterprises, facilitating over 4,000 orders [7]. Future Outlook - The Wuhan Economic Development Zone aims to cultivate leading enterprises and enhance the influence and competitiveness of the "Car Valley" brand on a global scale [7][8].

Group 1 - The core focus of the financial regulatory authority is to enhance financial support for new productive forces, mitigate financial risks, and strengthen collaboration between central and local regulatory bodies [1][2] - The financial regulatory authority emphasizes the importance of optimizing financial service supply to better support high-quality local economic development [1] - In Hunan, the focus is on advancing the high-end, intelligent, and green development of the manufacturing industry, particularly in sectors like advanced equipment manufacturing and digital industries [1] Group 2 - In Hubei, the regulatory authority is investigating the development of new productive forces in sectors such as integrated circuits and laser equipment, aiming to enhance the synergy between financial services and technological innovation [2] - The authority is committed to improving the financial adaptability of the economy and establishing a financial system that aligns with technological innovation [2] - There is a strong emphasis on the importance of implementing the spirit of the 20th National Congress of the Communist Party of China as a major political task for the current and future periods [2]

Core Viewpoint - China is transitioning from "catching up" to "running together" and even "leading" in the global technology innovation landscape, with significant opportunities in fields like artificial intelligence, nanotechnology, quantum information, and healthcare, but also faces structural challenges in research result transformation, startup financing, and high-end talent cultivation [1][2]. Group 1: Challenges in the Integration of the Four Chains - The integration of the innovation chain, industry chain, capital chain, and talent chain faces four major challenges: insufficient linkage between the innovation chain and industry chain, a need for optimization in talent support, inadequate service functions of the capital chain, and a lack of rich application scenarios in the industry chain [4][5]. - The innovation chain and industry chain often operate separately, leading to low transformation efficiency of research results [4]. - There is a shortage of key core technology leaders and composite talents who understand technology, market, and finance, resulting in a disconnect between talent cultivation and industry development [4][5]. Group 2: Systematic Solutions Proposed - A "tropical rainforest" ecosystem should be established to enhance the overall success rate of technology innovation, moving away from a single project mindset [5]. - The talent chain support system needs optimization, including the establishment of market-oriented technology transfer personnel incentive mechanisms in higher education institutions [5][6]. - A comprehensive financial service system covering the entire lifecycle of technology enterprises should be developed, including optimizing government guidance funds and encouraging financial product innovation [6][12]. Group 3: Enhancing Research Result Transformation - The low transformation rate of research results is primarily hindered by policy execution, research ecology, and transformation capability [8][9]. - A long-term mechanism should be established to ensure that research results can be effectively transformed, focusing on optimizing policy services, reinforcing the role of enterprises in innovation, and enhancing transformation capabilities [9][10]. Group 4: Talent Mobility and Systemic Exploration - A dual-channel system should be created to facilitate talent mobility between universities, research institutions, and enterprises, addressing institutional barriers [10]. - Encouraging flexible personnel management systems and establishing "rotating door" mechanisms between academia and industry can promote knowledge and technology flow [10]. Group 5: Long-term Capital in Equity Investment - A systematic layout is needed to build a technology finance system that supports the growth of technology enterprises, focusing on cultivating long-term capital and promoting diversified development of venture capital [12][13]. - Policies should be optimized to encourage long-term funds to invest in equity, including raising investment limits and promoting combination investment strategies [13][14].

Core Viewpoint - China is at a critical juncture transitioning from "catching up" to "keeping pace" and even "leading" in global technology innovation, with significant opportunities in fields like AI, nanotechnology, quantum information, and healthcare, but also faces challenges in research result transformation, startup financing, and high-end talent cultivation [2] Group 1: Challenges in the "Four Chains" Integration - The integration of the innovation chain, industry chain, capital chain, and talent chain faces four major challenges: insufficient linkage between the innovation and industry chains, a shortage of key talent, inadequate funding support for startups, and a lack of diverse application scenarios in the industry chain [3][4] - The innovation chain and industry chain often operate in silos, leading to low conversion efficiency of research results into market applications [3] - There is a need for optimized talent support, as there is a shortage of interdisciplinary talents who understand technology, market dynamics, and finance [3][4] Group 2: Systematic Solutions Proposed - A "tropical rainforest" ecosystem for technology innovation should be established to enhance the overall success rate of the innovation ecosystem rather than focusing solely on individual project success [4] - The talent chain support system needs optimization, including the establishment of market-oriented technology transfer personnel incentives and better integration of technology transfer roles within universities and enterprises [4][5] - A comprehensive technology finance service system should be developed, optimizing government guidance funds and encouraging social capital participation in early-stage investments [5] Group 3: Enhancing Research Result Transformation - The low conversion rate of research results is primarily hindered by policy execution, research ecosystem issues, and transformation capabilities [6][7] - Three key areas to focus on during the "14th Five-Year Plan" include optimizing policy services, reinforcing the role of enterprises in innovation, and enhancing transformation capabilities through better support platforms [7][8] Group 4: Talent Mobility and Institutional Innovation - To facilitate talent mobility between universities, research institutions, and enterprises, institutional barriers must be addressed, including flexible personnel management systems and the establishment of rotating positions [8] - Middle and small enterprises, crucial to the innovation ecosystem, require innovative systems to attract talent, such as "technology vice president" roles and dual-employment systems [8] Group 5: Long-term Capital in Equity Investment - A systematic layout is needed to build a technology finance system that covers the entire lifecycle of enterprises, focusing on cultivating long-term capital and promoting diversified development in the venture capital industry [9][10] - Specific recommendations include raising investment limits for long-term funds in equity markets, encouraging diversified investment approaches, and developing S funds to enhance investment returns [10][11]