Group 1 - Tianjin is implementing a series of policies to support the development of the private economy, addressing enterprise concerns and solving development challenges [1][2] - The establishment of a "green channel" for drug approval has significantly shortened the approval cycle for new drugs, benefiting biopharmaceutical companies [1] - The "bonded research and development" policy has reduced customs clearance time from 3 days to 4 hours, enhancing supply chain efficiency for companies like Lenovo [1] Group 2 - Tianjin's Development and Reform Commission holds regular meetings with private enterprises to create a supportive development environment and address their needs [2] - A collaborative service model involving multiple departments has been implemented to provide on-site support for project development, aiding companies in their growth [2] - Initiatives targeting recruitment challenges for private enterprises include efficient platforms for connecting job seekers with employers, particularly focusing on recent graduates and unemployed individuals [2] Group 3 - The establishment of "handshake meetings" between state-owned enterprises and private enterprises aims to enhance cooperation in the industrial and innovation chains [3] - Tianjin is fostering the development of industrial clusters by promoting the integration of leading enterprises with their supply chains [3] - The "China Information Innovation Valley" in Binhai High-tech Zone is witnessing significant growth, with over 1,000 enterprises in the information technology application innovation industry, and projected revenue growth of 30.1% in 2024 [3]

没有股票账户的投资者可关注国泰国证信息技术创新主题ETF发起联接C（020279），国泰国证信息技 术创新主题ETF发起联接A（020278）。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 （文章来源：每日经济新闻） 平安证券指出，作为新质生产力的重要组成部分，计算机行业未来有望迎来业绩和估值的双重提升，信 创产业是重点关注的板块之一。当前，我国信创基础软硬件已经实现从可用到好用，AI技术的快速发 展为行业带来新的增长动力，企业客户对AI相关服务的需求增加，包括GPU租赁和API token使用等， 推动了企业服务收入的加速增长。 信创ETF（159537）跟踪的是国证信创指数（CN5075），该指数聚焦于信息技术创新领域，从市场中 选取涉及基础硬件、基础软件、应用软件及信息安全等细分行业的上市公司证券作为指数样本，以综合 反映国内信创产业相关 ...

Core Viewpoint - The article discusses various ETF strategies and highlights specific ETFs that are expected to benefit from current economic conditions and government policies in China and the U.S. [3][5][7] Group 1: U.S. Economic Impact on ETFs - The S&P Consumer ETF (159529.SZ) is influenced by weakening U.S. economic data, cooling inflation expectations, and political factors, with suggestions for a potential 50 basis point rate cut by the Federal Reserve in September [3][5] - The extension of tariff suspension on China by U.S. President Trump is expected to mitigate the impact of new tariffs on U.S. consumer prices and spending [3] Group 2: Domestic Policy Support for ETFs - The Xinchuang ETF (562570.SH) is set to benefit from a 1 trillion yuan investment in over 8,400 projects across various sectors, including electronics and energy equipment, as part of a government initiative to support domestic industries [5][6] - The ETF tracks the Zhongzheng Xinchuang Index, focusing on the domestic replacement of chips, hardware, software, and servers, which aligns with national security and industrial safety goals [5] Group 3: New Economic Growth and ETFs - The New Economy ETF (159822.SZ) aligns with the government's focus on developing new productive forces and promoting technology and industrial innovation [7][8] - This ETF indirectly tracks the S&P China New Economy Industry Index, investing in leading companies across high-growth sectors such as internet technology, consumer upgrades, healthcare, and fintech [7]

Group 1 - A coalition named "Xinchuang Win-Win Ecological Alliance" has been established by several companies including Chengmai Technology, Dameng Data, and others to promote collaborative innovation and the prosperity of the Xinchuang ecosystem [1] - The Xinchuang products and Hongzhi operating system series were showcased for the first time at the Chengmai Xinchuang Ecological Conference, targeting sectors such as government, enterprises, education, and healthcare [1] - Chengmai Technology signed cooperation agreements with 22 universities to build a talent cultivation system that integrates production, education, research, and application [3] Group 2 - Chengmai Technology also entered into strategic partnerships with 20 companies to provide comprehensive services from product adaptation to solution delivery for regional government and enterprise clients [3] - The current Xinchuang industry is transitioning from a phase characterized by "few, slow, poor, and expensive" to one defined by "many, fast, good, and economical" [3] - Chengmai Technology aims to create a matrix of user-friendly Xinchuang products and eliminate barriers for users, collaborating with partners to achieve mutual benefits [3]

Core Viewpoint - The Tianjin Binhai New Area High-tech Zone is accelerating the high-quality construction of the "China Xinchuang Valley," focusing on developing a complete Xinchuang industry ecosystem and enhancing innovation capabilities [2][3]. Group 1: Industry Development - The High-tech Zone has established over 200 key Xinchuang enterprises, including Feiteng, Kirin, and Shuguang, creating a comprehensive Xinchuang industry system covering CPU, operating systems, databases, servers, and cloud computing [2]. - In 2024, the Xinchuang industry revenue in the High-tech Zone is expected to exceed 72 billion yuan, marking a 30.1% year-on-year increase, with the first half of the year achieving 37.3 billion yuan in revenue, a 28% increase [2]. - The High-tech Zone is focusing on four key areas: chip design, integrated circuit equipment and materials, basic software, and AI services, with plans to introduce 30 key projects [2]. Group 2: Company Initiatives - Kirin Software plans to invest 3 billion yuan in core technology research and development for operating systems, focusing on terminal operating systems, cloud server operating systems, and embedded operating system platforms [3]. - Xunlin Technology has achieved breakthroughs in advanced manufacturing technologies for glass substrates, addressing core technology and cost issues in semiconductor processes and display modules [4]. - The Tianjin Information Technology Application Innovation Association aims to support the Xinchuang industry through standard formulation, platform construction, and industry application promotion [5]. Group 3: Policy and Support - The High-tech Zone is implementing a "333" work strategy to enhance the Xinchuang industry chain, focusing on enterprise services, investment attraction, and technological innovation [6]. - There is a strong emphasis on supporting key enterprises and nurturing startups to create a healthy growth environment for leading and innovative companies [6]. - The High-tech Zone is enhancing policy support for various sectors, including integrated circuits, AI, and digital services, to strengthen the core competitiveness of the industry [6][7].

Group 1 - The core viewpoint of the article highlights that the current valuation of the technology sector is at approximately 50% or below historical levels, with certain segments like semiconductor materials and emerging technologies showing higher valuations compared to their three-year history [1] - The Pacific Securities report indicates that the PB-ROE values for the Sci-Tech 50 and growth style are the lowest, suggesting that investors are paying the least growth premium for these sectors, which implies a higher margin of safety [1] - Recent performance shows that industries such as pharmaceuticals, communications, and media have seen significant gains, while the computer industry has experienced the largest downward adjustment in profit expectations [1] Group 2 - The Sci-Tech 100 ETF (588120) tracks the Sci-Tech 100 Index (000698), which includes 100 securities with larger market capitalization and better liquidity from the Sci-Tech board, covering strategic emerging industries like new-generation information technology and biomedicine [1] - The index can experience daily fluctuations of up to 20%, reflecting the overall performance of leading technology innovation companies in the Sci-Tech board market [1] - Investors without stock accounts are advised to consider the Guotai CSI Sci-Tech 100 ETF Initiated Link A (019866) and Guotai CSI Sci-Tech 100 ETF Initiated Link C (019867) [1]

Group 1 - The core viewpoint is that Tianjin Binhai High-tech Zone is actively supporting the development and concentration of the Xinchuang industry through various initiatives and financial incentives [1] - The zone has attracted over 1,000 ecological enterprises in the Xinchuang industry, forming a core industrial chain centered around basic hardware, software systems, and "Xinchuang + services" [1] - The overall industrial scale of the Xinchuang sector in the Binhai High-tech Zone has exceeded 72 billion yuan [1]

Core Viewpoint - Tianjin Binhai New Area is actively supporting the development of the Xinchuang industry, focusing on project implementation, industrial promotion, and enterprise services, with significant financial backing to attract industry elements and create a hub for the Xinchuang industry [1] Group 1 - The Binhai New Area has gathered over 1,000 ecological enterprises in the Xinchuang industry [1] - The industry chain focuses on core areas such as basic hardware, software systems, and "Xinchuang + services" [1] - The overall industry scale has exceeded 72 billion yuan [1]

Group 1 - The core viewpoint emphasizes that the Xinchuang (Information Technology Application Innovation Industry) is crucial for digital transformation and is expanding into key sectors such as finance, energy, telecommunications, and education, while facing challenges like uneven development [1] - The report titled "2024 Cybersecurity Autonomous Innovation Research Report" highlights that domestic software and hardware have achieved large-scale applications in core business scenarios within certain industries, with significant improvements in the performance of autonomous innovation technologies [1] - The report covers 10 key industries, 28 application scenarios, and 155 real cases, showcasing the diversity and innovation of Xinchuang technology in practical applications, with finance leading in investment exploration [1] Group 2 - Further deepening autonomous innovation requires a dual approach from both supply and demand sides to elevate Xinchuang work from quantitative to qualitative changes [2] - The current Xinchuang industry is transitioning from "few, slow, poor, and expensive" to "many, fast, good, and economical," indicating a positive development phase [2] - Chengmai Technology launched a product matrix for Xinchuang and established the "Xinchuang Win-Win Ecological Alliance" with several companies to accelerate the development of the Xinchuang industry [2]

Core Insights - The event highlighted the urgent need for domestic operating systems to replace foreign dependencies due to ongoing international technology blockades [2] - The launch of the Chengmai Xinchuang server based on the Longxin 3C6000 processor marks a significant step in enhancing China's information technology autonomy [1][4] - Chengmai Technology aims to deepen collaboration with Longxin Zhongke to drive innovation in high-performance Xinchuang products [4] Industry Developments - The domestic Xinchuang industry has made significant progress in key technology areas, establishing a complete ecosystem covering hardware, software, and information security [2] - Chengmai Technology has developed a full-chain product system that includes operating system development, Xinchuang complete machines, and industry solutions [2] - The integration of Longxin 3A6000 processor with Tongxin UOS system has resulted in a fully independent Chengmai Xinchuang computer, offering rapid boot times and high stability [2] Product Innovations - The newly launched Chengmai Xinchuang server supports 24/7 stable operation and is compatible with various domestic operating systems, enhancing its utility for complex tasks like AI model training [4] - The Chengmai P1 desktop and N1 laptop showcase breakthroughs in user-friendly Xinchuang terminals, achieving a 10-second boot time and significantly improved office efficiency compared to Intel i7 platforms [4] - The introduction of the "Hanlian" ecosystem adaptation system allows seamless compatibility with Windows applications, addressing challenges in migrating legacy business systems [4] Future Directions - Chengmai Technology plans to continue optimizing the "operating system + chip" collaborative model to accelerate the application of cutting-edge technologies in various sectors [3] - The company is committed to increasing investment in technological innovation and product development to support the national Xinchuang strategy [4] - The strategic collaboration with Longxin Zhongke is expected to deepen, focusing on core computing power and autonomous ecosystems to lead the innovation of high-performance Xinchuang products [4]