近日，《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》全文发布，为2026-2030年 发展规划奠定基础。下一个五年的产业发展脉络也随之清晰可见。 01、现代产业体系架构 《建议》将"建设现代化产业体系，巩固壮大实体经济根基"列为首要战略任务，彰显实体经济对我国发 展至关重要的作用。并从"固本升级、创新育新、扩容提质、强基增效"四个方面，明确了四大任务：优 化提升传统产业、培育壮大新兴产业和未来产业、促进服务业优质高效发展、构建现代化基础设施体 系。 表："十五五"规划重点领域 | 产业类别 | 重点领域 前景 发展万间 | | --- | --- | | 传统产业 | 矿业，冶金 、化工 提质升级 : 推动制造业向高端 初步 估计 ，未来5 、轻工、纺织、机 化 、智能化、绿色化转型，发 年提质升级将符 械 、船 舶 、建筑 提智能制造与绿色制造，巩固 约10万亿元市场空 等 | | | 美 日 位和竞争力。 | | | 培育壮大:打造新兴支柱产 业,实施产业创新工程,加快 | | | ** | | | 性新兴产,业)流管机大、低空经 音产业生态,实施新技术数行 甚至更大规模的市 | | | 品 ...

2025.10. 26 本文字数：5279，阅读时长大约9分钟 作者 | 第一财经 何涛 国家发改委主任郑栅洁日前在新闻发布会上表示，《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提出，打造新兴支柱产业，加快前 瞻布局未来产业。 上述《建议》明确提出，推动量子科技、生物制造、氢能和核聚变能、脑机接口、具身智能、第六代移动通信等成为新的经济增长点。 今年3月，2025年政府工作报告提到，建立未来产业投入增长机制，培育生物制造、量子科技、具身智能、6G等未来产业。这次《建议》新增列明了2个 未来产业，即氢能和核聚变能、脑机接口。 这些未来产业虽然多数仍处于发展培育期，但充满了无限可能和潜力。而随着中央定调，发令枪响，一场关乎未来城市竞争格局的赛跑已经开启。 第一财经梳理各地相关产业布局和行业研究报告发现，北京、上海凭借综合研发能力和产业基础，在多个未来产业领域占据领先地位。深圳作为"国家创 新型城市"，在具身智能、6G、生物制造等领域展现强劲实力。 其他城市则通过专注特定领域，形成了差异化竞争优势。像合肥在量子科技领域一枝独秀，南京在6G技术上率先突破，杭州借助明星企业带动具身智能 发展。广州、成都 ...

Group 1: Quality Empowering New Productive Forces - The sixth China Quality Conference will be held in Nanjing on September 16-17, emphasizing the importance of quality in various sectors, showcasing rapid advancements in technology and production [1][3] - Nanjing has achieved the world's fastest 6G transmission speed of 1Tbps, capable of downloading 40 4K movies in one second, highlighting its commitment to quality and innovation [1][3] - The city has established a comprehensive technology transfer system called "Zijin Mountain Triple Square" to accelerate the development of new productive forces [3][5] Group 2: Technological Innovations and Achievements - Nanjing's Zijin Mountain Laboratory has secured over 10 "world firsts" in 6G technology and has received national science and technology awards twice [5] - The city is home to nearly 200 robotics companies, with major players like Estun leading in industrial robot installations, showcasing a full-chain system from manufacturing to application [9] - Nanjing South Rui Electric Co., known for its high-tech products, has achieved a leading market share in various sectors and has developed domestically produced chips for power equipment [10] Group 3: Environmental and Quality Standards - Nanjing has implemented a "Quality Station" service model across 15 high-tech parks and key industrial chains, establishing 360 national standards in critical industries [12] - The city has invested 34.5 billion yuan in 69 environmental projects, significantly reducing chemical oxygen demand and other pollutants, positioning itself as a global green energy leader [18] - Local companies like Nanjing Weigang Dairy and Laoshanyao have set international standards in their respective fields, enhancing product quality and safety [19][21] Group 4: Community and Consumer Quality - Nanjing focuses on enhancing quality in daily life, with initiatives in urban construction, agriculture, and elder care, creating a safer and more enjoyable living environment [21] - The city has been recognized as "China's Most Livable City" for 15 consecutive years, reflecting its commitment to quality in various aspects of life [21] - The upcoming China Quality Conference invites participants to experience Nanjing's renewed focus on quality and innovation [22]

Core Insights - The report highlights the recent trends in the domestic financial market, indicating a slight decline in major indices, with the Shanghai Composite Index closing at 3813.56, down by 1.16% [4] - It emphasizes the impact of macroeconomic policies, including the Ministry of Finance and the State Taxation Administration's new tax policies aimed at enhancing social security funds through state-owned equity transfers [6] - The report identifies emerging sectors such as brain-computer interfaces and 6G technology, which are receiving policy support and may present investment opportunities [8] Market Overview - On September 3, the total trading volume in the two markets reached 23,641 billion, with 777 stocks rising and 4,334 stocks falling, indicating a net outflow of funds amounting to 1,022.2 billion [12] - The report notes that the market experienced a contraction in trading volume, suggesting a weakening of bearish sentiment, with potential for market recovery if it approaches key support levels [13] - Key sectors such as online gaming, photovoltaic equipment, and batteries saw significant capital inflows, while military and securities sectors faced notable declines [12] Company Focus - Daoshi Technology (300409) has signed a Pre-B round preferred stock subscription agreement with Qiang Brain Technology and its subsidiaries, indicating strategic partnerships in the tech sector [10] - Kingood Co., Ltd. (002488) is advancing applications in emerging fields such as humanoid robots and low-altitude aircraft, showcasing innovation in material technology [10]

Group 1 - Central Huijin has significantly increased its holdings in ETFs, with a total market value of 1.28 trillion yuan, representing a nearly 23% increase from the end of last year [1] - Central Huijin Asset Management has increased its stock ETF holdings by 58% compared to the end of last year, with several broad-based ETFs receiving over 1 billion shares in additional purchases [1] - The securities industry reported a strong performance in the first half of 2025, with 42 listed brokerages achieving a total revenue of 251.87 billion yuan, a year-on-year increase of 30.8%, and a net profit of 104.02 billion yuan, up 65.08% [2] Group 2 - Equity funds have shown an average net value growth rate of 23.89% in the first eight months of 2025, outperforming major indices like the Shanghai Composite Index [3] - Active equity funds achieved an average net value growth rate of 23.83%, with some funds increasing by over 175% [4] - The manufacturing PMI, non-manufacturing business activity index, and composite PMI output index all showed slight increases in August, indicating continued economic expansion in China [5] Group 3 - A new ultra-broadband optoelectronic integration system has been developed, promising to enhance high-speed wireless communication for future 6G networks [6] - In July, there was a notable shift of household deposits towards funds and wealth management products, with a decrease of 1.1 trillion yuan in new household deposits and an increase of 2.14 trillion yuan in non-bank institution deposits [7] - The U.S. Federal Reserve officials have indicated a likelihood of interest rate cuts, with market expectations for a 25 basis point cut in September reaching 86.9% [8] Group 4 - The CSI 300 ETF has seen significant growth, with a total scale increase of nearly 400 billion yuan over the past year, becoming a key channel for capital entry into the market [10] - The U.S. Department of Transportation has withdrawn funding for a $679 million offshore wind project, impacting the renewable energy sector [11] - Colombia has banned coal exports to Israel, which could affect Israel's coal supply significantly [12] Group 5 - The average coal price at European ARA ports was $96.25 per ton as of August 29, reflecting a decrease of $5.00 per ton [13] - The major indices in the market have shown an upward trend, with the Shanghai Composite Index closing at 3857.93 points, up 0.84% for the week [14] - The communication, non-ferrous metals, and electronics indices have shown the highest gains, while comprehensive finance, textiles, and coal indices have seen declines [15][18]

Core Insights - Jiangsu province is expected to play a leading role in China's modernization through its strong industrial foundation, rich educational resources, favorable business environment, and large market scale [1] Group 1: Technology Integration and Collaboration - The need for a systemic reconstruction from "dispersed operations" to "collaborative breakthroughs" is emphasized, particularly in the integrated circuit industry, which requires multi-disciplinary and multi-regional cooperation [2] - Jiangsu's integrated circuit industry has formed a complete industrial chain, but still faces technological shortcomings in key areas due to a lack of synergy among universities, research institutes, and enterprises [2] - A "whole province, one chessboard" innovation governance system is proposed to address resource dispersion, including a provincial-level innovation coordination mechanism and the establishment of "carrier-level" innovation communities [2] Group 2: Technology Commercialization - Jiangsu faces three major bottlenecks in technology commercialization: reluctance to transfer, inability to transfer, and fear of transfer, which hinder the conversion of scientific achievements into industrial applications [3] - Reforming evaluation mechanisms to incentivize technology transfer and establishing pilot projects to assess the contribution of technology commercialization are recommended [3] - The construction of pilot testing platforms tailored to specific industries and regions is essential to facilitate the transition from laboratory results to market-ready products [3] Group 3: Development of Emerging Industries - The development of strategic emerging industries is crucial for Jiangsu to transition from "follower" to "leader" in the global market, focusing on digital technology, green transformation, and cross-industry innovation [4] - Jiangsu's new energy sector is already significant, but further investments in energy storage and smart grid technologies are necessary to maintain competitive advantages [4] - A four-pronged approach involving tackling key technologies, strengthening industrial chains, fostering innovation ecosystems, and enhancing global cooperation is proposed to drive high-quality development in emerging industries [5]

Core Viewpoint - Hubei Province's high-tech manufacturing industry is experiencing significant growth, with an increase of 14.4% in added value in the first half of 2025, contributing to a 7.9% growth in industrial added value for enterprises above designated size, driven by the deep integration of technological and industrial innovation [1][5][12] Group 1: Industry Growth and Innovation - The traditional, emerging, and future industries are advancing simultaneously in Hubei, with a focus on optimizing industrial structure and enhancing the "new content" of manufacturing [3][5] - The high-tech manufacturing sector's added value accounted for 27.5% of the growth in industrial output, highlighting its critical role in the overall industrial landscape [5][11] - Hubei has launched over 10 local humanoid robot products since the implementation of the humanoid robot industry development plan in March 2024, showcasing the province's commitment to innovation [1][3] Group 2: Strategic Initiatives and Collaborations - The establishment of the "Huangshi (Wuhan) Offshore Science and Technology Park" aims to leverage resources between Wuhan and Huangshi, promoting innovation-driven development [7][8] - Hubei has identified five key industries for breakthrough development, including optoelectronic information and new energy vehicles, and is implementing a strategic plan to double the output of emerging industries [12] - The "Hundred Parks, Hundred Schools, Ten Thousand Enterprises" innovation cooperation initiative is designed to facilitate the transformation of scientific and technological achievements into practical applications [8][11] Group 3: Research and Development - The Wuhan New Energy Research Institute has launched a concept verification center to support the commercialization of new energy technologies, indicating a strong focus on R&D [8][10] - Hubei's provincial-level incubation institutions have surpassed 600, with a technical contract transaction volume of 318.77 billion yuan in the first half of the year, reflecting a 10.55% year-on-year increase [11]

Core Insights - Hubei Province's high-tech manufacturing industry achieved a value-added growth of 14.4% in the first half of 2025, contributing to a 7.9% increase in industrial value-added for enterprises above designated size, indicating a strong integration of technological and industrial innovation as a driving force for new productivity [1][5] Group 1: Traditional and Emerging Industries - Hubei is advancing in traditional, emerging, and future industries simultaneously, with significant developments in sectors such as automotive, steel, and chemicals, alongside rapid growth in new industries like "light, chip, screen, terminal, and network" and health technology [3][5] - The province has seen the launch of over 10 new energy vehicle models and the completion of projects like the 0.1mm non-oriented silicon steel by Wuhan Iron and Steel, showcasing the ongoing transformation and upgrading of traditional industries [3][5] Group 2: Robotics and 6G Technology - The development of humanoid robots is gaining momentum, with over 10 local humanoid robot products launched since the implementation of the "Hubei Humanoid Robot Industry Development Breakthrough Project" in March 2024 [1][3] - China Information Communication Technology Group, based in Wuhan, is positioning itself for the 6G era with thousands of core patents and a focus on key technologies such as star-ground integration and ultra-dimensional antennas [3] Group 3: Innovation Ecosystem - The East Lake High-tech Zone has established a service system for "Gazelle" enterprises, nurturing 1,862 such companies, which are characterized by high R&D personnel ratios and significant financing [6][8] - The establishment of the "Huangshi (Wuhan) Offshore Science and Technology Park" aims to leverage resources between Wuhan and Huangshi, promoting innovation-driven development [8] Group 4: Technology Transfer and Industrial Development - The launch of the Wuhan New Energy Research Institute's concept verification center aims to facilitate the transformation of scientific and technological achievements in the new energy sector [9] - Hubei has over 600 provincial-level incubation institutions, with a technical contract transaction volume of 318.77 billion yuan in the first half of the year, reflecting a 10.55% year-on-year growth [11]

Group 1 - The "Entrepreneur Jiangsu" technology entrepreneurship competition has attracted 5,905 entrepreneurial teams and companies, ranking among the top in the nation for participation [1] - A total of 539 quality projects advanced to the industry competition after selection from 13 local competitions across the province [1] - Jiangsu has maintained the highest number of awards in the national finals of the China Innovation and Entrepreneurship Competition for six consecutive years, with 15% of awarded companies achieving listing or registration post-competition [1] Group 2 - The competition aims to strengthen the innovative role of enterprises and promote deep integration of technological and industrial innovation, focusing on emerging industries such as artificial intelligence, quantum technology, and 6G communication [1] - The event has facilitated over 400 billion yuan in loans and financing support from various financial institutions for participating companies [1] - The competition also integrates policies, talent, and financial resources to create a "one-stop" service platform for enterprises, fostering a favorable ecosystem for development [2]

Core Insights - Beijing Economic-Technological Development Area (Beijing E-Town) announced the launch of the 6G SPACES new quality ecological community during the 2025 Global Digital Economy Conference, aiming to establish a leading position in 6G innovation and development [1] - The initiative will utilize the entire Yizhuang New City as a testing ground, focusing on key technology breakthroughs, platform construction, scenario demonstration, and industry aggregation [1] - A special policy for the 6G industry was released, outlining ten measures to support critical aspects of industry development, including research on 6G technology standards and core product development [1] Industry Development Measures - The policy emphasizes encouraging key technology research and cultivating competitiveness in core 6G technologies, with a focus on breakthroughs in ultra-large-scale MIMO and intelligent super-surface technologies [1] - It includes funding support for enterprises undertaking major 6G scientific and technological tasks, offering a matching fund of up to 30 million yuan [1] - The initiative aims to promote deep integration of 6G with sectors such as autonomous driving, embodied intelligence, AR/VR smart wearables, and aerospace industries, with funding support of up to 5 million yuan for benchmark demonstration scenarios [1]