Industry Overview - The low-altitude economy is a crucial sector in China's strategic emerging industries, transitioning from pilot exploration to large-scale and standardized development, with an urgent need for improved institutional frameworks [1] - A national-level standard system for the low-altitude economy has been officially released, laying a solid institutional foundation for high-quality industry development [1] Standardization and Regulatory Framework - The "Guidelines for the Construction of Low-Altitude Economic Standard System (2025 Edition)" was jointly issued by ten government departments, aiming to establish a basic standard system by 2027 and over 300 standards by 2030 [1][4] - The guidelines aim to clarify technical rules and market expectations across the low-altitude economy industry chain, removing barriers to large-scale development caused by standardization issues [2] Company Developments - Zhejiang Wanfeng Aviation (002085) has acquired core assets from German eVTOL company Volocopter, integrating advanced technologies to create a multi-scenario product matrix including fixed-wing, vertical take-off and landing aircraft, and drones [2] - Zhejiang Jindun Wind Power Co., Ltd. has established a wholly-owned subsidiary to focus on the research and industrialization of ducted fans, achieving successful ground performance and reliability verification [3] - SF Holding (002352) has launched the first "air-ground collaborative" smart logistics operation center in Shenzhen and is expanding its low-altitude logistics network in the Guangdong-Hong Kong-Macao Greater Bay Area [3] Future Outlook - The new Civil Aviation Law of the People's Republic of China will take effect in July 2026, further supporting the low-altitude economy [4] - The "four-dimensional integration" standard system established by the guidelines will align with new policies, providing safety, efficiency, and collaboration to support the large-scale development of the low-altitude economy [4]

Group 1 - Effective investment is seen as a stabilizing force for growth, with a focus on "big projects" across various regions [1] - For instance, Henan plans to implement over 1,000 key provincial projects with an annual investment of 1 trillion yuan, while Shanghai aims for a major engineering investment of 255 billion yuan [1] - Beijing emphasizes optimizing the implementation of key projects and maintaining a strong project reserve, with a total investment of no less than 200 billion yuan aimed at private capital [1] Group 2 - Regions are focusing on cultivating new productive forces to activate new momentum for high-quality development, with Zhejiang supporting private enterprises in new infrastructure and productive sectors [2] - Henan is accelerating the construction of a new energy system and optimizing its power grid structure, while also advancing projects in digital infrastructure [2] - The layout of these initiatives shows three characteristics: precise direction focusing on AI, bio-manufacturing, and low-altitude economy; practical paths; and emphasis on regional collaboration [2] Group 3 - The next steps should focus on promoting the cross-regional allocation of innovative elements and constructing a comprehensive support system for "basic research + technological breakthroughs + industrialization of results" [3]

Core Insights - Shanghai aims to achieve a GDP growth rate of around 5% for the year, with a focus on enhancing its status as a global economic center and improving various sectors including finance, trade, and technology [2][3][10] Economic Goals - The expected GDP growth for Shanghai in 2025 is set at approximately 5%, with local public budget revenue projected to increase by 2% [2] - The "15th Five-Year Plan" outlines a target for average annual GDP growth of around 5% over the next five years, with potential growth levels estimated between 4.6% and 5.2% [2][10] Development Strategies - The report emphasizes the enhancement of the "Five Centers" including international economic, financial, trade, shipping, and technological innovation centers [3][5] - Key industries targeted for development include smart connected vehicles, marine economy, low-altitude economy, aerospace, and satellite internet [3][8] Technological Innovation - The report highlights the importance of integrating technological and industrial innovation to foster new productive forces, with a focus on accelerating the application of major scientific achievements [7][12] - Shanghai's R&D expenditure is expected to reach 4.6% of GDP, with significant growth in sectors like integrated circuits, biomedicine, and artificial intelligence [7][11] Future Industry Focus - The "2+3+6+6" modern industrial system aims to promote the digital and green transformation of traditional industries, develop three leading industries, and establish six emerging pillar industry clusters [8][12] - Future industries will include advanced manufacturing, future information, future materials, future energy, future space, and future health [12][13] Legislative and Regulatory Framework - The development of smart shipping is identified as a strategic direction, with a focus on legislative support for smart vessels to enhance China's competitive position in the international shipping system [4][10] - Recommendations include accelerating the establishment of standards in low-altitude economy sectors to improve Shanghai's regulatory influence [9][12]

Group 1: Development of Key Industries - Tibet will vigorously develop characteristic agriculture and animal husbandry, aiming for a grain output of 1.1496 million tons and vegetable, meat, egg, and milk outputs to exceed one million tons by 2025 [1] - The clean energy industry has rapidly developed since the 14th Five-Year Plan, with installed power capacity expected to exceed 33 million kilowatts by 2025, including over 13 million kilowatts already built [2] - The resource processing industry has significant potential, with the Tibetan medicine production value projected to reach 3.4 billion yuan in 2024 [3] Group 2: Modern Service Industry and Logistics - The rural logistics network in Tibet has achieved 100% coverage, with full automation of rural postal routes, enhancing service delivery in remote areas [4] - The region will expand the "free shipping to Tibet" initiative and improve logistics for agricultural products, while also focusing on healthcare, elderly care, and property services [4] Group 3: Cultural and Tourism Integration - Tibet's tourism market is expected to receive 70.7337 million domestic and international visitors by 2025, reflecting a year-on-year growth of 10.71% [5] - The region aims to integrate culture and tourism, enhancing public cultural services and tourism facilities while developing a modern tourism industry with low environmental impact [5] Group 4: Emerging Industries - The low-altitude economy is being cultivated, with 70 companies in the low-altitude aviation sector and a total of 1,738 flight hours projected by 2025 [6] - The region will develop a low-altitude flight testing industry to address unique geographical challenges, expanding applications in areas such as aerial rescue and logistics [6]

2026.02. 03 本文字数：1990，阅读时长大约3分钟 作者 | 第一财经 金叶子 具体包括加快重大科技成果高效转化应用；推进产业智能化、绿色化、融合化发展；一体推进教育科技人才发展几个方面。 例如，深化科技成果全部赋权改革，支持概念验证平台、中试平台、高质量孵化器提升服务能级。深入实施"人工智能+"行动，加强算力设施、行业语 料、垂类模型等布局建设，推动新一代智能终端、智能体等广泛运用，加快重点产业智能化改造，新增50家以上先进智能工厂。 2025经济总量位居全球城市第五的上海，划定新一年的发展目标。 上海市第十六届人大四次会议2月3日上午开幕。上海市市长龚正作《政府工作报告》（下称"报告"）。 报告称，建议今年全市经济社会发展的主要预期目标，是全市生产总值增长5%左右，地方一般公共预算收入增长2%，全社会研发经费支出相当于全市 生产总值的比例达到4.6%左右，城镇调查失业率5%以内，居民人均可支配收入增长与经济增长保持基本同步。 关于今年科技和产业工作的重点，报告提出，在2026年主要任务"持续提升 '五个中心'能级"方面，深化国际经济中心建设。积极支持智能网联新能源汽 车、海洋经济、低空经济、航 ...

Group 1 - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the importance of developing emerging pillar industries as a key task for state-owned enterprises (SOEs) by 2026 [1][3] - The SASAC is drafting a work document to guide central enterprises in cultivating emerging pillar industries, focusing on major project investments and breakthroughs in key areas [1][3] - Key sectors highlighted include new energy, new energy vehicles, new materials, aerospace, low-altitude economy, quantum technology, 6G, embodied intelligence, biomanufacturing, marine energy, and green shipping [1] Group 2 - The meeting calls for a strong focus on strategic emerging industries and future industries, aiming to open up a "second curve" of growth while integrating traditional industry upgrades [3] - There is a push for deep integration of technological innovation and industrial innovation, leveraging the advantages of SOEs to reshape the industrial chain and drive innovation [3] - The SASAC plans to enhance policy support and develop a more effective regulatory system tailored to the characteristics of SOEs and the changing technology landscape [3] Group 3 - Central enterprises are urged to advance technological innovation, implement major national science and technology projects, and focus on original innovation [5] - The goal is to create a modern industrial system by encouraging SOEs to open up scenarios, release demand, and share data, fostering a collaborative innovation ecosystem [5] - The SASAC aims to cultivate specialized and innovative "little giants" and champion enterprises through enhanced cooperation with national laboratories, universities, and research institutes [5] Group 4 - The SASAC emphasizes the need for improved income distribution management and the implementation of a tailored assessment system for SOEs in 2026 [7] - There is a focus on strengthening the incentive mechanisms for technological innovation and promoting systematic reforms in assessment and distribution [7] - The goal is to ensure that state-owned enterprises and capital become stronger, better, and larger, achieving a good start for the 14th Five-Year Plan [7]

宏观日报 | 2026-02-03 生产行业：1）市场监管总局会同中央空管办、国家发展改革委等十部门联合发布《低空经济标准体系建设指南（2025 年版）》，重点围绕低空航空器、低空基础设施、低空空中交通管理、安全监管和应用场景五大核心领域，建立技 术标准与管理规范融合、国内标准与国际规则融合、强制性标准与推荐性标准融合、基础标准与场景标准融合的"四 维融合"标准供给体系。 服务行业：1）2日，上海收购二手住房用于保障性租赁住房项目工作实质性启动。上海市住建委有关负责人表示， 上海将强化供给与需求匹配、租赁与购置联动，形成"政策引导、市场运作、多方协同、群众得益"的良好格局。 同时，上海还将推动保障性租赁住房筹措模式创新，探索在二手房市场中收购存量住宅，进一步拓宽保障房源筹 措渠道；并通过存量房源收购，有效缩短建设周期，优化区域布局，完善房型结构，加快形成有效供给。 数据来源：iFind，华泰期货研究院 行业总览 上游：1）有色：铝、镍价格回落较多。2）农业：鸡蛋价格小幅回落。3）能源：国际原油价格回升。 2026年期货市场研究报告 第1页 请仔细阅读本报告最后一页的免责声明 地产下游回落 中观事件总览 中游： ...

2025经济总量位居全球城市第五的上海，划定新一年的发展目标。 支持智能网联新能源汽车、海洋经济、低空经济、航空航天、卫星互联网等产业发展。 而"着力推进科技创新和产业创新深度融合，培育发展新质生产力"，也是今年的主要任务之一。 对于今年重点任务中的智能网联新能源汽车、海洋经济、低空经济、航空航天、卫星互联网等产业，上 海也陆续出台了相关文件。 具体包括加快重大科技成果高效转化应用；推进产业智能化、绿色化、融合化发展；一体推进教育科技 人才发展几个方面。 例如，深化科技成果全部赋权改革，支持概念验证平台、中试平台、高质量孵化器提升服务能级。深入 实施"人工智能+"行动，加强算力设施、行业语料、垂类模型等布局建设，推动新一代智能终端、智能 体等广泛运用，加快重点产业智能化改造，新增50家以上先进智能工厂。 刚过去的2025年，上海全社会研发经费支出相当于全市生产总值的比例达到4.5%左右。集成电路、生 物医药、人工智能三大先导产业规模突破2万亿元。新建7家高质量概念验证平台和6家高质量孵化器， 技术合同成交额达到6496.8亿元、增长24.9%，全市日均新增科技企业超过320家。 根据此前公布的 "十五五"规划 ...

Core Insights - Bao'an District is set to enter a new phase as it aims to become a "trillion-dollar industrial zone" by 2025, marking the end of the 14th Five-Year Plan and the beginning of a new era [3][6] - The district has achieved significant milestones in the past year, including surpassing a trillion yuan in industrial output, setting records in airport cargo and passenger traffic, and exceeding 600 billion yuan in import and export volume [3][4] - Bao'an is focusing on enhancing its business environment, with over a million commercial entities and a leading number of specialized "little giant" enterprises in the country [4] Economic Performance - The industrial output value of Bao'an has crossed the trillion yuan mark, securing its position as the second among the top industrial districts in China [3] - The total retail sales of consumer goods exceeded 160 billion yuan, with new commercial space leading the city at 580,000 square meters [3] - The district's new strategic industries have reached a total output value of 1.2 trillion yuan, showcasing a shift towards intelligent manufacturing and innovation [3][4] Talent and Industry Alignment - Bao'an is actively working to connect high-end talent with industry needs, particularly in artificial intelligence, high-end manufacturing, and semiconductor sectors [7] - The district is implementing a "precise talent navigation" strategy to ensure that intellectual resources are effectively aligned with key segments of the industrial chain [7][9] Governance and Community Engagement - The district is focusing on grassroots governance by enhancing the penetration of quality resources to local communities, exemplified by successful community management initiatives [13][15] - Bao'an is also prioritizing healthcare accessibility through the establishment of a tiered medical system, improving service delivery in local health facilities [15] Future Development Goals - Bao'an aims to achieve a balance between quantitative growth and qualitative improvement, with a focus on modernizing its industrial base and enhancing living standards [17][18] - The district's development strategy includes eight major projects aimed at stimulating domestic demand, enhancing value, and fostering collaborative growth across urban and rural areas [18]

齐鲁晚报.齐鲁壹点王贝艺 2月3日上午9时，济南市槐荫区第十九届人民代表大会第五次会议开幕。会上，区委副书记、区长刘敬涛作政府工作 报告。 报告提到，培育新兴产业方面，2026年，槐荫区聚焦人工智能、生命科学、低空经济，抢抓科技革命和产业变革机 遇，加快汇聚新动能新优势。在人工智能领域，支持北方健康、开创集团等企业发展垂类大模型，打造医疗影像识 别、智能问诊等应用场景，建成10个人工智能应用场景示范项目，形成一批可复制推广的行业解决方案。在生命科学 领域，依托科技部细胞与基因药物资源转化库、山东脑科学与类脑研究院，布局细胞与基因治疗、AI医疗等赛道，引 育一批有发展潜力的优质企业。在低空经济领域，探索"低空+文旅""低空+医疗""低空+作业"模式，支持炫飞航空科 技、领飞科技等企业，开展垂直起降飞行器安全监控、无人机智巡平台等技术攻关，打造一批有影响力的低空经济标 杆企业。 ...