编者按 "十四五"圆满收官，"十五五"新程再启。不久前召开的省委十四届十次全会，深入学习贯彻党的二十届 四中全会精神和习近平总书记对江苏工作重要讲话精神，对未来五年江苏经济社会发展作出系统谋划和 战略部署。坚定在推进中国式现代化中走在前、做示范，奋力谱写"强富美高"新江苏现代化建设新篇 章，8500万江苏儿女正以饱满的热情、实干的姿态，踏上新的征程。新华日报·交汇点新闻今起推出"奋 进'十五五' 同心创伟业"全媒体行动，对话13个设区市主要负责同志，见证并记录各地勇挑大梁、勇开 新局的担当与奋斗。 □ 本报记者 徐晋 季铖 颜芳 冬日暖阳照进南京江北新区生物医药公共服务平台的实验室，科研人员正埋头研发。在这里，千万元级 的精密设备向园区内上百家中小团队敞开共享。工程师轻触屏幕，蛋白质序列数据渐次浮现，仿佛在探 寻生命密码。不远处，驯鹿生物的洁净车间里，全人源CAR-T细胞正在培养箱中悄然生长。窗外楼宇连 绵，1300余家生物医药企业在此扎根、抽枝、结果。 南京，承载着深厚的历史底蕴，更涌动着面向未来的创新活力。站在"十四五"收官与"十五五"启航的交 汇点，如何在传承与创新中书写高质量发展新答卷？本报记者专访南 ...

Group 1 - OpenAI launched the advanced coding model GPT-5.2-Codex on December 19, 2025, which integrates the general capabilities of GPT-5.2 with the specialized advantages of GPT-5.1-Codex-Max, marking a significant milestone in software engineering automation [1] - The model enhances long-term context understanding and instruction adherence through "context compression" technology, improving token efficiency and optimizing performance in Windows environments, particularly in large-scale code change scenarios [1] - In benchmark tests SWE-BenchPro and Terminal-Bench2.0, the model achieved accuracy rates of 56.4% and 64.0% respectively, indicating key breakthroughs in its capabilities [1] Group 2 - The software ETF (515230) tracks the software index (H30202), which selects publicly traded companies involved in software development, sales, and services, covering areas such as operating systems, application software, and cybersecurity [2] - The index demonstrates significant growth potential and a technology-driven focus, effectively reflecting market trends and developments within the software industry [2]

Group 1 - Microsoft, Salesforce, and Oracle are identified as top software stocks for 2026 [1][2]

北京时间12月23日凌晨，美股周一尾盘维持涨势，科技领涨。本周美股交易时间将因圣诞节假期而缩 短。交易员们正斟酌科技股是否能在年底前重拾上涨势头。 道指涨248.45点，涨幅为0.52%，报48383.34点；纳指涨118.85点，涨幅为0.51%，报23426.47点；标普 500指数涨41.53点，涨幅为0.61%，报6876.03点。 美东时间周三东部时间下午1点，美股将提前收盘，并于周四圣诞节当天休市。 AI关键股票普遍上涨，此前有消息称英伟达正努力争取在2月中旬前出口H200芯片。受到英伟达消息带 动，美光科技和甲骨文等AI股票普涨。 华尔街主要股指上周表现不一。科技股在周末前的强势上扬，推动标普500指数和纳指录得四周内的第 三次收涨。道指一周累计下跌0.7%，终结了此前连续三周的涨势。 Gabelli基金投资组合经理Justin Bergner表示："我几周前的看法是年底将进入一段艰难磨底期。而现在 我觉得这已经变成了年底的剧烈震荡。" AI股票在经历近期表现落后之后，上周迎来反弹。甲骨文作为此前显著滞涨的股票，在TikTok同意将其 美国业务出售给一家由该软件巨头与私募股权公司Silver L ...

Core Insights - 2025 is anticipated to be a strong year for IPOs and M&A transactions, with optimism from Wall Street that this growth momentum will continue into the new year [1][3]. M&A Market Performance - The total announced M&A transaction value in 2025 reached $4.8 trillion, marking the highest since 2021 and the second-highest in the past decade [8]. - There were 166 M&A deals exceeding $5 billion, the highest number since 2021, although the total number of deals was the lowest in at least ten years [8]. - The technology sector dominated the M&A market with a transaction value of $1 trillion, accounting for over 20% of the global total, significantly outpacing the healthcare sector [8]. - The resurgence of leveraged buyouts is a key indicator of the M&A market's recovery, with private equity transaction volume reaching $1 trillion, the highest since 2021 [8][11]. - The overall market environment is favorable for continued M&A activity, driven by a need for scale and a more lenient regulatory stance from the Trump administration compared to the Biden administration [12]. IPO Market Performance - In 2025, 1,372 companies successfully went public, raising a total of $170.6 billion, the best performance since 2022, but still significantly lower than the $606.4 billion raised in 2021 [13][16]. - The technology sector was the leading force in the IPO market, representing 29% of the global IPO market, with notable listings from companies like CoreWeave and Figma [16]. - The largest IPO of 2025 was from Medline, a medical supplies provider, raising nearly $6.3 billion, indicating a broader acceptance of various business models in the market [16]. Market Outlook for 2026 - There is a general optimism among investment bankers regarding the market performance in the first half of 2026, with expectations that it will likely continue the strong activity seen in the latter half of 2025 [17][18]. - Communication with clients and the number of ongoing projects for 2026 are at high levels, suggesting a robust pipeline for future transactions [18].

Group 1 - Clearwater Analytics (CWAN.US) shares rose over 8% to $24.15 in pre-market trading on Monday [1] - A consortium of private equity firms led by Permira and Warburg Pincus has agreed to acquire Clearwater Analytics Holdings Inc., with a total transaction valuation of $8.4 billion, including debt [1] - Clearwater shareholders will receive $24.55 per share in cash, representing an equity value of approximately $7 billion, which is about 10% higher than the stock's last closing price and a 47% premium compared to the stock price before acquisition talks were reported [1]

全国知名民企助力湖南高质量发展大会在长沙举行 高云龙沈晓明致辞 毛伟明作推介 毛万春出席 长沙晚报掌上长沙12月22日讯 据湖南日报消息（全媒体记者 刘燕娟 唐亚新 孙敏坚）22日，由湖南省政府、全国工商联共同主办的"民企聚力 湘约未 来"2025年全国知名民企助力湖南高质量发展大会在长沙举行。全国政协副主席、全国工商联主席高云龙，省委书记沈晓明出席并致辞，省委副书记、 省长毛伟明作湖南省招商推介，省政协主席毛万春出席。会前，沈晓明、毛伟明、毛万春拜会高云龙，会见与会嘉宾代表。 高云龙强调，党的二十届四中全会对未来五年我国经济社会发展作出了顶层设计和战略擘画，中央经济工作会议为"十五五"开局起步规划了实践路径。 习近平总书记出席民营企业座谈会并发表重要讲话，为民营经济发展把航定向。5月20日正式施行的民营经济促进法，把坚持"两个毫不动摇"、促进"两 个健康"写入法律。近期，中央又密集出台鼓励创新、推动发展，破除壁垒、规范执法，强化支持、保障支付等政策举措，民营经济迎来了前所未有的 发展机遇。希望广大民营企业把握发展大势、坚定发展信心，在建设现代化产业体系中展现新作为，在实施科技创新中谱写新篇章，在参与区域协调 ...

Group 1 - The A-share market indices continued to rise in the afternoon, with the ChiNext index increasing by over 2%, driven by strong performance in the Hainan sector, storage sector, and active precious metals sector, while the film and theater sector adjusted [1] - The BDA software, developed by Peking University and Yigan Technology, is accelerating the lithium battery industry by utilizing "physical simulation + AI" to create an intelligent R&D platform, reducing battery cell development cycles from 1-2 years to about six months and cutting material testing time from months to days, while lowering R&D costs by 30%-40% [1] - The application of BDA software has expanded from lithium-ion batteries to solid-state batteries, sodium batteries, and is extending into more industrial scenarios such as display materials [1] Group 2 - Industrial software is recognized as a core foundation for smart manufacturing, experiencing steady growth driven by policy support and technological advancements, with the integration of industrial software and AI significantly promoting the intelligent transformation of the manufacturing sector [2] - The development of foundational industrial software like BDA is strategically significant for enhancing R&D efficiency and reducing innovation costs within the industry chain [2] - As the process of domestic production deepens, the urgency for achieving self-control in high-end manufacturing is increasing, positioning relevant software companies to gain core advantages in niche markets [2]

Core Viewpoint - The Nanjing Scene Service Platform, the first city-level public service platform in China, has officially launched, aiming to facilitate the application of new technologies and business models through a comprehensive lifecycle service for application scenarios [1][3]. Group 1: Platform Development and Functionality - The Nanjing Scene Service Platform has progressed significantly since its trial run in September, providing services for sourcing, publishing, displaying, matching, and tracking application scenarios [1]. - The platform aims to break down information silos across various urban sectors by promoting data sharing and process collaboration, thus forming a collaborative innovation network [1][3]. Group 2: Industry and Economic Impact - Nanjing has introduced over 1,500 first stores in the past three years, enhancing consumer scenario supply and creating a conducive environment for new business models [3]. - The platform has launched 53 key application scenarios, with over 5,300 various application scenarios published, covering ten major fields including digital economy, smart manufacturing, and green low-carbon initiatives [8]. Group 3: Technological Advancements - The open scene approach has accelerated the maturation and industrialization of core technologies for enterprises, providing a "fast track" for growth [12]. - The introduction of a customized industrial software operating system for the water industry exemplifies how local innovations can be nurtured through open application scenarios [11]. Group 4: Specific Applications and Innovations - The establishment of the "Energy Storage and Charging Integration" center and the "Virtual Carbon Power Plant" in Nanjing demonstrates the practical application of open scenes to address energy needs and carbon emissions [15][17]. - The use of drones for delivering goods to ships on the Yangtze River illustrates the innovative solutions emerging from the open scene strategy, enhancing logistics efficiency [22][24]. Group 5: Future Prospects and Challenges - Experts predict that 2026 will mark a significant year for deepening scene cultivation and openness, transitioning from isolated breakthroughs to an ecosystem approach for industrial development and urban governance [33]. - Challenges remain, including mismatches between scene demand and technological supply, high entry barriers for small and medium enterprises, and the need for improved cross-regional collaboration [31][34].

Group 1 - Nanjing has prioritized the development of the artificial intelligence industry, becoming the only city in Jiangsu approved to create a national AI innovation application pilot zone [1] - The city's AI products and services cover various fields in the industry chain, including software, algorithms, sensors, machine vision, intelligent voice, and intelligent unmanned systems [1] - A total of 25 new large models have been registered with the National Internet Information Office this year, bringing the total to 37, which accounts for 62% of the province's total [1] Group 2 - Jiangsu Yuanli Digital Technology Co., Ltd. and Nanjing Arts Institute have established a technical innovation center for 3D animation, which aims to create a self-controlled and internationally leading 3D animation technology ecosystem [2] - Nanjing has implemented the "Nanjing Harmony Ecosystem Development Action Plan" to promote Harmony software and hardware products, with 15 certified open-source Harmony operating systems and 122 software and hardware products [2] - The city has introduced a "scene + equity" application promotion model to facilitate the implementation of domestic industrial software, achieving significant project deployments [2] Group 3 - From January to October, 249 software and AI investment projects have been registered, exceeding the annual target, including 16 high-energy projects [3] - Notable projects that have successfully landed include Dassault Systemes' smart manufacturing headquarters in China, BMW's global IT R&D center, and JD Group's Nanjing R&D center [3] - The city has cultivated a number of nationally recognized high-level public service platforms and products in AI and software, enhancing the innovation capabilities and influence of the industry [3]