债市"科技板"落地满半年后，首单兼具股债属性的科创可转债近日获批。 11月7日，新三板挂牌企业钢研功能公告称，公司于2025年11月5日收到上交所印发的《非公开发行科技创新可转换公司债券挂牌转让无异议的函》，公司获批面向 专业投资者非公开发行总额不超过3亿元的科技创新可转换公司债券（以下简称"科创可转债"），期限不超过6年，由国信证券承销。 受访人士认为，首单科创可转债发行获批，标志着我国债券市场"科技板"在股债联动创新领域迈出关键一步，不仅为科创债市场注入了新活力，丰富了投资者的选 择，更将推动风险分担机制的普及与优化，助力科技型企业跨越融资"死亡之谷"。 无独有偶，深圳市智胜新电子科技股份有限公司的科创可转债发行申请也已获上交所受理，公司计划发行相应债券6000万元，平安证券担任该笔科创可转债的承销 券商。 实际上，早在今年5月科技创新债券落地之初，上交所发布的《关于进一步支持发行科技创新债券服务新质生产力的通知》中就明确提出，鼓励发行人设置可转换 为股权等创新条款。 科创可转债是指在科创债基础上设置可转换成公司股份条款的创新债券品种，其股债兼具的特征既可降低发行人融资成本，也为投资者提供可进可退的投资渠 ...

Core Insights - Wanxu Electronics Technology (Anhui) Co., Ltd. has been established with a registered capital of 5 million RMB [1] Company Overview - The legal representative of the company is Ouyang Jian [1] - The company operates in various sectors including technology services, electronic component retail, integrated circuit design and sales, power electronic component manufacturing, and electronic product sales [1] - Additional business activities include smart control system integration, information system integration services, computer system services, and automotive parts wholesale and retail [1] Business Scope - The company is involved in the manufacturing and research of automotive parts and components, as well as the development of motor and control systems [1] - It also engages in software development and the sale of new energy vehicle production testing equipment [1] - The company is permitted to conduct import and export activities related to goods and technology [1]

Core Insights - The 8th China International Import Expo (CIIE) concluded with a record intention transaction amount of $83.49 billion, reflecting China's commitment to openness and development [1] - The expo featured over 36.7 million square meters of exhibition space with participation from 4,108 companies across 138 countries and regions, marking historical highs in both exhibition area and number of exhibitors [1] - The event showcased 461 new products, technologies, and services, with 201 global debuts, 65 Asian debuts, and 195 Chinese debuts, highlighting advancements in various sectors including biomedicine and green technology [2] Group 1 - The expo emphasized three major open brands: "Export to China," "Invest in China," and "Buy in China," with numerous activities such as specialized business matching and closed-door meetings [1] - Notable participation included 180 companies that have attended all eight expos, with top executives from 10 leading firms personally leading their delegations [1] - The CEO of L'Oréal expressed that investing in China is akin to investing in the future, underscoring the positive sentiment among multinational companies [1] Group 2 - Qualcomm's China Chairman highlighted the vitality and openness of the Chinese market, noting the rapid development of AI applications and products showcased at the expo [2] - American small and medium-sized enterprises (SMEs) had a strong presence, with intention contracts totaling nearly $12 million, a 5% increase from the previous year, indicating a solid commitment to the Chinese market [2] - The flagship report of the expo, "World Open Report," was co-authored by a Nobel laureate and emphasized China's rising openness index amidst global trade conflicts [2] Group 3 - The Shanghai trading group achieved an intention transaction amount of $10.62 billion, a 5.14% increase year-on-year, maintaining its position as the leading local trading group for eight consecutive years [3] - The expo introduced intelligent services such as the "Easy Go" multilingual service and the "Jinbo Doctor" app, enhancing the experience for 922,000 attendees [3] - The upcoming "Jinbo Quality Products Trade Fair" scheduled for December 19-21 aims to further promote products showcased at the expo, continuing the momentum of the event [3]

Group 1 - The Tianjin Quality Conference was held to convey the spirit of the China Quality (Nanjing) Conference and award the sixth "Tianjin Quality Award" to organizations [1] - Five organizations received the sixth "Tianjin Quality Award" for advanced quality management models, including China Electronics Technology Group Corporation No. 53 Research Institute and Tianjin Port and Shipping Engineering Co., Ltd. [1] - Five organizations received the nomination award for the sixth "Tianjin Quality Award," including China Shipbuilding (Tianjin) Co., Ltd. and Tianjin Yulong Prestressed Materials Co., Ltd. [1] Group 2 - In 2024, Tianjin's manufacturing quality competitiveness index is 89.77, exceeding the national manufacturing competitiveness index by 3.91 [2] - The public service quality index for Tianjin is 78.12, which is 1.21 higher than the national average [2] - Tianjin has established five new national and municipal industrial metrology testing centers and 27 national quality inspection centers [2] - The city has built 30 comprehensive service platforms for quality infrastructure, serving 30,900 enterprises and solving 2,970 technical problems, saving enterprises 210 million yuan [2] - Tianjin has cultivated 528 smart factories and 243 national-level green manufacturing demonstration units [2]

Core Insights - The Jiangsu delegation showcased over 170 enterprises and institutions at the 2025 China International Service Trade Fair, highlighting innovations in service trade across new business models and technologies [1][2] - The exhibition area focused on themes such as cultural IP service consumption, AI in service trade, integration of service and goods trade, and digital trade clusters, creating an interactive experience for attendees [1] - Significant technological advancements were displayed, including the first full-state simulation skin robot and AR glasses, demonstrating the integration of digital trade with industrial internet [1] Group 1: Exhibition Highlights - Jiangsu's service trade image exhibition covered 100 square meters, themed "Su New Service, Smart Benefits for the World," featuring four main sectors [1] - Interactive experiences included IP check-ins, product demonstrations, and immersive technology displays, showcasing the potential of digital technology in enhancing quality of life [1] Group 2: Cooperation and Achievements - Jiangsu delegation achieved notable cooperation breakthroughs, including the launch of the "Su Data Cross-Border Public Service Platform" and international collaboration with the New Zealand Basketball Association [2] - The "15-Minute Convenient Living Circle" project was recognized as a demonstration case in service consumption, reflecting the delegation's commitment to enhancing local services [2] - Jiangsu enterprises participated in various thematic exhibitions, showcasing diverse industry strengths and promoting international service exports [2]

Core Insights - Lenovo Group has established the Lenovo Shanghai Fund with an initial scale of 1 billion RMB, focusing on cutting-edge technology and future industry sectors to drive innovation and capital infusion for technology transformation and industrial upgrading [1][2] - The CEO of Lenovo, Yang Yuanqing, emphasized that future AI will center around individuals and enterprises, necessitating a shift towards personalized and diverse intelligent forms, which requires breaking the limitations of single models and ecosystems [1][2] Group 1 - The Lenovo Shanghai Fund aims to integrate capital, industry, and research resources, enhancing Lenovo's full-chain layout in the AI industry while providing support for cutting-edge technology enterprises in Shanghai and nationwide [2] - Lenovo's venture capital arm has invested in over 300 innovative technology companies over nine years, with nearly 50% of these being recognized as "specialized and innovative" enterprises at the national and provincial levels [2] - The establishment of the Lenovo Shanghai Fund is expected to deepen Lenovo's mixed AI strategy and contribute to Shanghai's development as a hub for future industry innovation [2] Group 2 - Lenovo's "Tianxi Personal Super Intelligence" launched in May 2023 has achieved an average weekly active user rate of 40%, indicating strong engagement in the personal intelligence sector [1] - The company plans to advance a "one body, multiple ends" strategy in personal intelligence, developing various intelligent terminal forms and continuously enriching the application ecosystem [1] - In the enterprise sector, Yang Yuanqing predicts the emergence of "enterprise intelligent twins" through the coordination of multiple intelligent entities across value chain segments and vertical industries [1]

Core Insights - Lenovo Group has established the Lenovo Shanghai Fund with an initial scale of 1 billion RMB, focusing on cutting-edge technology and future industries to drive innovation and capital infusion for technology transformation and industrial upgrading [1][2] Group 1: Fund Establishment and Objectives - The Lenovo Shanghai Fund aims to integrate capital, industry, and research resources, enhancing Lenovo's full-chain layout in the AI industry while providing support for cutting-edge technology companies in Shanghai and nationwide [2] - The fund's core objective is to promote the integration of production, education, and research innovation, facilitating the commercialization of technological achievements [2] Group 2: AI Strategy and Developments - Lenovo's CEO, Yang Yuanqing, emphasized that future AI will center around individuals and enterprises, leading to personalized and diverse demands, which necessitates breaking through the limitations of single models and ecosystems [1] - Lenovo has already made early investments in the hybrid AI field, with its "Tianxi Personal Super Intelligence" achieving an average weekly active user rate of 40% since its launch in May 2023 [1] - The company plans to advance a "one body, multiple ends" strategy in the personal intelligence sector, developing various intelligent terminal forms and continuously enriching the application ecosystem [1] Group 3: Investment and Collaboration - Lenovo Capital has invested in over 300 innovative technology companies over nine years, with nearly 50% of these being recognized as "specialized, refined, distinctive, and innovative" enterprises [2] - More than 70 invested companies are collaborating around Lenovo's hybrid AI architecture, covering essential areas such as computing infrastructure, model development, and application implementation [2] - The establishment of the Lenovo Shanghai Fund is seen as a significant step in deepening Lenovo's hybrid AI strategy and supporting Shanghai's development as a hub for future industrial innovation [2]

天眼查App显示，近日，深圳市御芯微科技有限公司成立，法定代表人为徐淑媛，注册资本100万人民 币，经营范围为一般经营项目是：电子元器件批发；电力电子元器件销售；电子元器件零售；电子元器 件与机电组件设备销售；集成电路销售；集成电路设计；集成电路芯片设计及服务；集成电路芯片及产 品销售；电子专用设备销售；工业控制计算机及系统销售；工业控制计算机及系统制造；通讯设备销 售；移动通信设备销售；照相器材及望远镜零售；智能机器人销售；工业机器人销售；技术服务、技术 开发、技术咨询、技术交流、技术转让、技术推广；信息技术咨询服务；智能无人飞行器制造；智能无 人飞行器销售；国内贸易代理；货物进出口；技术进出口。（除依法须经批准的项目外，凭营业执照依 法自主开展经营活动），许可经营项目是：无。 ...

天眼查App显示，近日，深圳市贝润开科技有限公司成立，法定代表人为卢中义，注册资本15万人民 币，经营范围为一般经营项目是：电子产品销售；计算机软硬件及辅助设备零售；计算机软硬件及辅助 设备批发；照相器材及望远镜零售；照相机及器材销售；商用密码产品销售；音响设备销售；包装专用 设备销售；绘图、计算及测量仪器销售；工业设计服务；乐器批发；货币专用设备销售；软件开发；网 络与信息安全软件开发；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；通讯设备 销售；移动通信设备销售；通信设备销售；网络设备销售；物联网技术服务；物联网设备销售；光通信 设备销售；家用电器销售；科技中介服务。（除依法须经批准的项目外，凭营业执照依法自主开展经营 活动），许可经营项目是：计算机信息系统安全专用产品销售。（依法须经批准的项目，经相关部门批 准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）。 ...

天眼查App显示，近日，密氪（深圳）科技有限公司成立，法定代表人为关济垒，注册资本50万人民 币，经营范围为一般经营项目是：电子产品销售；塑料制品销售；计算机软硬件及外围设备制造；计算 机软硬件及辅助设备批发；计算机软硬件及辅助设备零售；软件开发；包装服务；专业设计服务；市场 营销策划；信息咨询服务（不含许可类信息咨询服务）；技术服务、技术开发、技术咨询、技术交流、 技术转让、技术推广；玩具、动漫及游艺用品销售；玩具销售；日用杂品销售；平面设计；广告设计、 代理；电池销售；电池制造；电池零配件销售；电池零配件生产；集成电路设计；集成电路销售；信息 系统集成服务；信息系统运行维护服务；电力电子元器件销售；电力电子元器件制造；电子元器件批 发；电子元器件制造；移动终端设备销售；互联网销售（除销售需要许可的商品）；服装服饰批发；服 装服饰零售；货物进出口。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动），许可经 营项目是：无。 ...