就资本市场而言，对《政策举措》的解析，明确我国正在构建科技金融机制是为了从根本上解决现有科 技发展的痛点问题，将有助于提升科创标的对长期资金的吸引力。在目前A股市场处于美国对等关税影 响减弱、国内财政货币政策持续发力的大环境中，科创领域对资金吸引力的上升，有望成为市场短期继 续震荡上行的重要推动力量。 2025年5月22日下午3时，国新办举行新闻发布会，多位相关负责人介绍科技金融政策有关情况，并答记 者问。此次新闻发布会详细解析了5月13日科技部等七部门联合印发的《加快构建科技金融体制有力支 撑高水平科技自立自强的若干政策举措》的出台背景和重点内容。 数据显示，截至2025年4月30日，上证科创板综合指数(000680)前十大权重股分别为海光信息(688041)、 寒武纪(688256)、中芯国际(688981)、金山办公(688111)、中微公司(688012)、百利天恒(688506)、联影 医疗(688271)、澜起科技(688008)、传音控股(688036)、华润微(688396)，前十大权重股合计占比 23.41%。 湘财证券指出，5月22日国新办新闻发布会从创业投资、货币信贷、资本市场、科技保险 ...

Group 1 - The first "International Forum for Patient Capital" was held by Hong Kong Investment Corporation Limited, attracting over 80 international patient capital institutions and approximately 400 guests from 15 countries, with a total asset management scale exceeding $20 trillion [2] - The forum emphasizes three core elements: Investment, Partnership, and Cross-Jurisdictional Dialogue, represented by the acronym IPC [2] - The CEO of Hong Kong Investment Corporation Limited, Chen Jiaqi, revealed that the company has invested in over 100 projects, with 5 to 10 companies expressing intent to apply for listing on the Hong Kong Stock Exchange this year [2] Group 2 - The company has identified three major investment themes: hard technology, life sciences, and new energy/green technology, with a focus on innovation technology, particularly artificial intelligence and embodied intelligence as key growth areas [2] - Chen Jiaqi explained that the company aims for medium to long-term returns while also encouraging companies to establish a presence in Hong Kong, noting that each dollar invested by the company currently attracts over $4 in long-term follow-on investments, an improvement from previous ratios [3] - The company announced several specific achievements, including partnerships to establish funds and platforms aimed at promoting technological innovation and supporting Chinese technology capabilities on a global scale [4]

Core Viewpoint - The Shougang Park has successfully hosted the Service Trade Fair for four consecutive years, serving as a vital engine for its transformation and development while showcasing innovation and openness in the event industry [1][2]. Group 1: Impact on Urban Development - The Service Trade Fair has significantly contributed to the high-quality development of Shougang Park, facilitating urban renewal and transforming the "industrial rust belt" into a "city showcase" [2]. - Shougang Park has become a unique exhibition venue, integrating industrial heritage with modern exhibition practices, attracting over 1.2 million visitors across four fairs [2]. Group 2: Industrial Aggregation and Economic Growth - The park has accelerated industrial aggregation, with 941 enterprises established, of which 683 are industrial companies, accounting for 73% [2]. - The annual output value of enterprises in Shougang Park has reached 73 billion yuan, with a goal of forming a technology innovation industrial cluster worth 100 billion yuan [2]. Group 3: Future Development Plans - Shougang Park aims to leverage the "Two Parks and One River" development opportunity to create an international exhibition town, aligning with the construction of Beijing's international technology innovation center [3]. - The park plans to integrate the hosting of the Service Trade Fair with the development of new industries, new business formats, and new models, enhancing its status as a new landmark for urban revitalization [3].

Group 1 - The 34th Harbin International Economic and Trade Fair showcased Jixi City with a theme of "Graphite Capital, Poetic Jianghu," featuring a 150 square meter exhibition hall that highlights local industries and cultural characteristics [2] - A record number of over 80 enterprises from Jixi participated, covering various sectors such as industrial manufacturing, technological innovation, bio-economy, digital economy, mineral economy, green food, and cultural tourism, with nearly 300 exhibits on display [2] - The exhibition focused on "special, refined, unique, and new" products, presenting achievements through physical displays and models, while also promoting cooperation with Russian cities and enterprises [2][3] Group 2 - Jixi organized seven major supporting activities during the fair, the highest number in its history, including a conference on building "China's Acanthopanax Capital" and promoting high-quality development in the biopharmaceutical industry [3] - Governmental discussions were held with cities from Russia and Kyrgyzstan to deepen international cooperation, alongside a series of promotional and live-streaming events [3] - The exhibition integrated cultural performances and local specialty product displays, achieving a deep fusion of exhibition, discussion, and negotiation [3]

环顾全球主要市场，陈茂波表示，资金正逐渐向引领创新的龙头创科企业，以及具战略价值的未来产业 汇聚。香港正不断加强"金融+创科"的双引擎联动发展，大力培育具潜力的创科企业，并推动金融市场 的更全面发展，让两者相辅相承、相互促进，把香港国际金融中心和国际创科中心的发展，推上新的台 阶。 香港在推动创科研发与成果转化、支持科企成长，以及吸引重点企业落户等工作，成果愈见明显。香港 的愿景是把全球科研精英、创科龙头企业，以及优秀的初创和创业者汇聚于此。与此同时，香港不断打 造更畅通和全面的筹融资渠道，让资本要素更好支撑科技创新，为经济增添新动能，为市民创造更多元 优质的就业。这条融资链可分为不同阶段：前期须风投基金、主权基金等"耐心资本"的力量支持，而中 后期则主要以私募基金、并购、上市集资和再融资等不同渠道接力完成。 除了政策层面的引导，香港特区政府正透过香港投资管理有限公司（港投公司）发挥"耐心资本"的力 量，包括"投早、投小、投硬科技"等策略，支持香港创科生态圈的构建，为加速培育新质生产力及高质 量发展作积极贡献。港投公司目前已投资超过100个项目，并成功透过每1元的投资拉动4元的市场长期 资本跟投，汇聚更多国际 ...

新华社北京5月16日电 题：并购重组迎重磅新规 助力上市公司高质量发展 新华社"新华视点"记者刘慧 中国证监会16日公布实施修订后的《上市公司重大资产重组管理办法》，在简化审核程序、创新交易工 具、提升监管包容度等方面作出优化。新规将进一步提升上市公司并购重组积极性，充分激发并购重组 市场活力，助力上市公司高质量发展。 ——首次建立分期支付机制。新规建立了重组股份对价分期支付机制，以满足上市公司视后续标的经营 状况灵活调整支付股份数量的需求。创新性的制度设计能够在科技型企业估值波动较大的情况下，充分 保障上市公司利益。 多个"首次"进一步激发市场活力 修订后的重组办法积极回应市场关切，多个"首次"进一步激发并购重组市场活力。 ——首次调整发行股份购买资产的监管要求。新规提高了并购重组对上市公司财务状况变化、同业竞争 和关联交易监管的包容度，解决市场交易痛点。在尊重市场规律和产业发展需求的基础上，降低了上市 公司并购的制度性成本，增强了对科技创新行业并购、国有资产整合等的监管适应性。 ——首次引入私募基金"反向挂钩"安排。新规对私募基金投资期限与重组取得股份的锁定期实施"反向 挂钩"，明确私募基金投资期限满48 ...

截至2025年5月16日 13:58，上证科创板综合指数(000680)上涨0.25%，成分股热景生物(688068)上涨11.16%，正弦电气(688395)上涨10.17%，迈威生物 (688062)上涨9.33%，中研股份(688716)上涨9.21%，纬德信息(688171)上涨7.98%。科创综指ETF华夏(589000)上涨0.21%，最新价报0.93元。流动性方面，科 创综指ETF华夏盘中换手3.44%，成交9476.71万元。拉长时间看，截至5月15日，科创综指ETF华夏近1月日均成交1.77亿元，排名可比基金第一。 近日，国新办举行新闻发布会介绍"一揽子金融政策支持稳市场预期"有关情况，其中提到债市"科创板"相关政策和准备工作基本完成。同日央行与证监会联 合发布《关于支持发行科技创新债券有关事宜的公告》（简称8号文），从丰富科技创新债券产品体系和完善科技创新债券配套支持机制等方面，对支持科 技创新债券发行提出13条举措，沪深北三大交易所、交易商协会同步细化配套措施。 中泰证券指出，政策层对民营经济支持力度或上升：春节以来各大民营科技突破或使得高层对于民营科技企业态度出现积极变化，近期会议等表 ...

Core Viewpoint - Sichuan Province has launched the "Sci-Tech Innovation Voucher" and "Tianfu Sci-Tech Loan" policies to support technology-based enterprises, aiming to enhance financial support and facilitate technology transactions [1][2][3]. Group 1: Platform Features - The Sichuan Sci-Tech通 platform integrates functions such as policy application, financing connection, technology transactions, and intellectual property services, achieving a "one-stop service" [3][4]. - The platform aims to break down data barriers among government departments, financial institutions, research institutes, and third-party service organizations to enable resource sharing [1][3]. - User registration, certification, and application processes have been simplified to improve platform response speed and stability [1][3]. Group 2: Sci-Tech Innovation Voucher - The Sci-Tech Innovation Voucher provides up to 200,000 yuan in subsidies annually for enterprises purchasing technology services [1][5]. - The vouchers are valid across the province and can be used for various services, including high-performance computing services and pilot testing [5][6]. - A mechanism for order sampling and effectiveness evaluation has been established to ensure proper fund usage and enhance efficiency [5][6]. Group 3: Tianfu Sci-Tech Loan - The maximum loan amount for the Tianfu Sci-Tech Loan has been increased from 10 million yuan to 20 million yuan [4][6]. - The support scope has been expanded to include enterprises with high-level talent and those evaluated based on innovation points [6]. - The loan features a combination of low interest rates, interest subsidies, and no additional fees to reduce the actual financing costs for enterprises [6].

Core Viewpoint - The establishment of innovation consortia is crucial for enhancing the role of enterprises in innovation, promoting collaboration across the supply chain, and accelerating the transformation of scientific achievements into productive forces [1][2]. Group 1: Innovation Consortium Development - The innovation consortium serves as a key vehicle for integrating innovation chains, industrial chains, financial chains, and talent chains, which is essential for achieving technological self-reliance [1]. - Various regions, such as Zhejiang and Shanghai, have initiated innovation consortia involving leading enterprises and numerous universities and research institutions to focus on strategic emerging industries and future industries [1][2]. Group 2: Systematic and Task-oriented Approach - The third batch of central enterprise innovation consortia emphasizes a "systematic and task-oriented" approach, enhancing the functionality of the consortia and improving market mechanisms for shared benefits and risk-sharing [2]. - There is a need for better coordination among large enterprises and active participation from small and medium-sized enterprises to create a new collaborative framework [2]. Group 3: Strategic Planning and Key Areas - Strengthening overall planning and collaboration among provinces is essential, with a focus on creating integrated policies for technology innovation, including financial support and project demonstrations [3]. - Identifying key areas for joint efforts based on regional advantages and industrial foundations is necessary to develop a clear list of collaborative innovation needs [3]. Group 4: Organized Research Activities - Encouraging innovation consortia to explore integrated research organization models can enhance cross-disciplinary collaboration and improve overall innovation capabilities [3]. - The goal is to achieve significant breakthroughs in critical technology, equipment, and products across supply chains [3]. Group 5: Accelerating Element Circulation - Establishing a mechanism for shared investment in project funding, technology transfer, and benefit sharing is vital for effective technology commercialization [4]. - Developing a knowledge-sharing mechanism within innovation consortia and promoting high-value patent strategies can enhance competitive advantages [4]. Group 6: Financial Policy Improvement - Utilizing various innovation funds to attract financial capital for supporting innovation projects within consortia is crucial [4]. - Exploring new financing models for small and medium-sized enterprises within innovation consortia can facilitate project development and innovation growth [4].

会议认为，近年来金融和科技部门通力协作，加强制度和市场体系建设，在债权、股权、保险等方面取 得长足进步，科技金融服务的多样性和支持强度明显提升。科技贷款持续保持较高增速，股票市场、债 券市场支持科技创新的力度加大，私募股权投资和创业投资服务质效提升，科技保险服务模式不断优 化，科创属性评价、融资对接、风险分担等配套政策逐步健全。科创金融改革试验区建设有序推进，涌 现出一批可复制推广的经验做法。 会议指出，党的二十届三中全会、中央金融工作会议、全国科技大会对科技金融作出明确部署，要求构 建同科技创新相适应的科技金融体制，加大对国家重大科技任务和科技型中小企业的金融支持，为加强 和改进科技金融工作指明了方向。金融管理部门、科技部门和金融机构要从党和国家事业发展全局的高 度，深刻领会做好科技金融工作对于加快建设科技强国、实现金融自身高质量发展的重要意义，聚焦科 技创新的重点领域和金融服务的短板弱项，深化金融供给侧结构性改革，推动金融、科技、产业融合发 展，为加快建设科技强国和实现高水平科技自立自强提供有力金融支撑。 北京商报讯（记者 刘四红）据人民银行官网，5月15日，中国人民银行、科技部、金融监管总局、中国 证监 ...