盘前要闻 1、中央重磅定调！四中全会公报出炉，十大机构解读：重点关注四大赛道 类型：宏观 情绪影响：正面 中国共产党第二十届中央委员会第四次全体会议公报出炉。其中提出，加快高水平科技自立自强，建设 强大国内市场，扩大高水平对外开放。招商证券指出，会议后一至两周为行情集中爆发期，未来直到建 议稿出台期间，需要重点关注商业航天、深海科技、一带一路，以及涉及到四季度政策可能加力的领 域。 2、美欧开启新一轮对俄制裁，涉及石油领域！国际原油价格大幅上涨 类型：宏观 情绪影响：中性 美国财政部长贝森特宣布美国制裁俄罗斯最大的两家石油企业，并敦促俄罗斯与乌克兰立即停火，欧盟 也正式通过对俄罗斯第19轮制裁。国际油价大涨至两周高位。WTI原油向上触及62美元，最终收涨 3.99%；布伦特原油最终收涨5.38%，报65.90美元/桶。 3、外资巨头相继发声，积极看好后市！隔夜中国资产全线爆发 投资锦囊：投资是基于价值的理性决策，而投机则是基于价格的赌博。真正的投资者应专注于企业的内 在价值，而不是短期的价格波动。 类型：市场 情绪影响：正面 隔夜三大指数集体收涨，中概股表现亮眼，纳斯达克中国金龙指数涨1.66%，阿里巴巴涨超 ...

Market Overview - The technology sector continues to adjust, with individual stock performance taking precedence, as leading stocks like Shenghong Technology, Industrial Fulian, and Haiguang Information see gains [1] - The non-ferrous metals sector is experiencing a downturn, with significant declines in stocks such as Northern Rare Earth and Ganfeng Lithium [1] - The pharmaceutical sector, previously under pressure, is rebounding alongside consumer goods, with notable increases in stocks like Guangshentang and Shutaishen [1][2] Pharmaceutical Sector - The innovative drug sector has shown strong performance in the first half of the year, becoming a core market focus, although it has faced fluctuations since mid-August [4] - Key stocks in the innovative drug sector include Guangshentang, which saw a 20% increase, and Shutaishen, which rose by 14.4% [3] - Institutional investors anticipate a shift in investment logic from sentiment-driven to fundamentals-driven for the innovative drug sector, focusing on companies with solid performance and late-stage clinical products [5] Quantum Technology Sector - The quantum technology sector is experiencing a rise, with significant gains in stocks like Hexin Instruments and Geer Software [6][8] - Recent developments, including the awarding of the 2025 Nobel Prize in Physics for contributions to quantum mechanics, are expected to enhance interest in quantum technologies [9] - The global quantum computing market is projected to grow from $1.1 billion in 2022 to approximately $7.6 billion by 2027, indicating a critical transition from laboratory research to industrial application [10]

Group 1 - Beijing showcased its technological innovation advantages by announcing 215 investment cooperation projects and signing 30 key industrial projects with a total value of 61.54 billion yuan during the "Investment Beijing" conference at the 2025 Zhongguancun Forum [1] - The release of the first comprehensive reform document to facilitate cross-border data flow in Beijing attracted significant attention, aiming to streamline processes for businesses and enhance the local service brand [2] - Beijing has implemented over 1,700 business environment reform measures, transitioning from a "follower" to a "leader" in business environment [2] Group 2 - The Beijing-Tianjin-Hebei region has made significant progress in collaborative innovation, with the economic total crossing six trillion yuan milestones over 11 years [3] - Policies to promote the transformation of scientific and technological achievements in the Beijing-Tianjin-Hebei region are being developed, focusing on enhancing the efficiency and proportion of technology transfer [3] - The collaboration between the three regions is expected to drive mutual benefits and influence surrounding areas, particularly in sectors like artificial intelligence and new energy [3] Group 3 - Zhongguancun has become a symbol of China's innovation development, emphasizing high-level openness and integration into the global innovation network [4] - Many Zhongguancun tech companies have leveraged Hong Kong's capital market for financing and business expansion, indicating a growing trend of cross-border collaboration [5] - The launch of the "Enterprise One-Stop Cross-Border Development Service Platform (2025)" aims to deepen the integration of Zhongguancun's innovation ecosystem with ASEAN markets [5]