Core Insights - The report highlights the successful trial of brain-machine interfaces for restoring paralysis, indicating advancements in domestic core technology and potential investment opportunities in related stocks such as Innovation Medical and Sanbo Brain Science [7] - The Democratic Republic of the Congo has extended its ban on raw material exports for three months, which is expected to elevate cobalt prices, presenting investment prospects in companies like Huayou Cobalt and Tengyuan Mining [7] - Huawei's patent for "four-chip packaging" has drawn attention to advanced packaging materials, with potential implications for stocks like Feikai Materials and Debang Technology [7] Industry Dynamics - The report notes the successful trial of brain-machine interfaces, which could lead to significant advancements in medical technology and related investments [7] - The extension of the cobalt export ban in the Democratic Republic of the Congo is likely to impact global cobalt prices, creating opportunities for investment in mining companies [7] - The exposure of Huawei's advanced packaging technology may influence the semiconductor and materials sectors, highlighting potential growth areas for investors [7] Company Focus - Cangge Mining plans to sign a financial services agreement with Zijin Finance, aiming to become a member unit for three years [9] - Yipin Hong's wholly-owned subsidiary has received a registration certificate for injectable Zolpidem, indicating progress in pharmaceutical development [9] - Naipu Mining's application for issuing convertible bonds has been accepted by the Shenzhen Stock Exchange, suggesting potential capital raising for expansion [9] - Tianrongxin is involved in key infrastructure security projects for digital currencies in the financial sector, reflecting its strategic positioning in emerging technologies [9] Market Review and Outlook - On June 23, the market experienced a rebound, with the Shanghai Composite Index leading the gains, and a total trading volume of 1.12 trillion yuan, an increase of 549 billion yuan from the previous trading day [11] - The report notes that over 4,400 stocks rose, with significant gains in sectors such as stablecoin concepts, shipping, and solid-state batteries, indicating a positive market sentiment [11] - The outlook suggests that while the market is rebounding, the lack of substantial incremental capital may hinder a sustained upward trend, with the Shanghai Composite Index expected to fluctuate between 3,410 and 3,330 [11] - Key themes to watch include shipping, oil and gas, stablecoins, and solid-state batteries, as these sectors show the best continuity in performance [11]

Group 1: Brain-Computer Interface - The world's first invasive brain-computer interface successfully restored motor function in a hemiplegic patient in China, led by Professor Duan Feng's team from Nankai University [2] - The trial was conducted at Sanbo Brain Hospital, with no reported infections or thrombosis post-surgery, indicating stable system operation and precise brain signal acquisition [2] - The brain-computer interface medical products are expected to experience explosive growth in the next 3 to 5 years due to favorable policies and technological breakthroughs [2] Group 2: Cross-Border Payment System - The launch of the Cross-Border Payment System marks the interconnectivity of the rapid payment systems between mainland China and Hong Kong, allowing real-time cross-border remittances for residents [3] - This innovation is expected to enhance the efficiency and service level of cross-border payments, providing cheaper and more convenient services [3] - The new payment system may accelerate the formation of new cross-border payment models, aiding banks in accessing global clearing networks and expanding offshore RMB business [3] Group 3: Carbon Fiber Material Expansion - Carbon fiber materials, once exclusive to aerospace, are now expanding into civilian applications, with significant opportunities arising in various industries [4] - The demand for carbon fiber in electric vertical takeoff and landing aircraft is projected to reach 11,700 tons by 2030, creating a new market worth over 10 billion [4] - The price of T300-grade carbon fiber has dropped from around 200,000 yuan per ton to approximately 60,000 yuan, a decrease of 70%, facilitating broader usage in various sectors [5] Group 4: Solid-State Battery Development - Solid-state batteries are entering a critical phase of development, with multiple companies disclosing advancements and production timelines [6] - The technology is expected to become a mainstream battery solution due to its high energy density, safety, and rapid charging capabilities [6] - By 2030, global solid-state battery shipments are predicted to reach 614.1 GWh, with a market size exceeding 250 billion yuan, driven by supportive policies and industry advancements [6]

转自：北京日报客户端 脑机接口这样的前沿技术，将会在哪些领域率先落地？记者了解到，在医药健康领域，脑机接口技术有 望为渐冻症患者重建沟通桥梁，帮助盲人重获光明感知，帮瘫痪人士恢复运动能力。在认知能力拓展方 面，脑机接口相关技术还将有助于探索提升学习效率与记忆水平的新路径，探究新型脑机交互模式。 科技革命浪潮奔涌，脑机接口正是极具战略意义和变革潜力的前沿领域。6月22日，作为中关村科技文 化节的重要活动，脑机接口智能技术应用挑战赛在中关村街道新质生产力创新孵化中心启动。大赛吸引 了近千个项目报名，并设置了百万元现金奖励。 中关村街道办事处副主任黄宇玲介绍，此次举办的脑机接口智能技术应用挑战赛，由中关村街道联合中 国高技术产业促进会、中关村领智青年人才自主创新发展中心等社会组织与姬械机科技集团共同发起， 紧扣"脑与智能"主题，旨在打造跨学科协同攻坚平台、应用场景与价值验证平台等三大核心平台，探索 破解脑机接口产业化进程中的关键瓶颈。 以跨学科协同攻坚平台为例，脑机接口的突破，迫切需要神经科学、先进材料、人工智能算法等多领域 的深度交叉融合，通过本次赛事，将汇聚全球顶尖科研团队，集中力量攻克"高精度信号解析""长期 ...

Group 1: Brain-Computer Interface (BCI) Development - The world's first invasive brain-computer interface successfully restored motor function in a paralyzed patient in China, led by a team from Nankai University and local hospitals [1] - The BCI technology is expected to experience explosive growth in the next 3 to 5 years, driven by policy support and technological breakthroughs, with both invasive and non-invasive product developments progressing [2] - Companies like Rongtai Health and Aoyi Technology are collaborating to advance brain-machine integration technology and its applications in smart health [2] Group 2: Cross-Border Payment Innovations - The launch of the Cross-Border Payment System marks a significant innovation, allowing real-time cross-border remittances between mainland China and Hong Kong [3] - This system is expected to enhance the efficiency of cross-border payments and expand the offshore business scale of the renminbi, providing new profit growth points for banks [3] - Companies like Xiaogongshangcheng and Lakala are actively investing in cross-border payment services, with Lakala reporting a 76% increase in cross-border merchant scale and an 85% increase in transaction volume year-on-year [3] Group 3: Carbon Fiber Material Expansion - Carbon fiber materials are increasingly being used in various industries, with a projected demand of 11,700 tons in the electric vertical takeoff and landing aircraft sector by 2030, creating a new market worth over 10 billion [4] - The price of T300-grade carbon fiber has dropped by 70% to around 60,000 yuan per ton, facilitating its use in more industries [4] - The carbon fiber market in China is expected to reach approximately 17.14 billion yuan in 2024, with an 8.16% year-on-year production growth and a 119.9% increase in exports [4] Group 4: Solid-State Battery Advancements - Solid-state batteries are entering a critical development phase, with expectations for widespread application in low-altitude economy, robotics, and new energy vehicles [6] - The global shipment of solid-state batteries is projected to reach 614.1 GWh by 2030, with a market size exceeding 250 billion yuan [6] - Companies like XianDao Intelligent and Ningde Times are making significant advancements in solid-state battery production equipment and technology [7] Group 5: Semiconductor Material Innovations - The launch of a silicon carbide semiconductor production project highlights the growing importance of wide bandgap semiconductors, which offer superior performance compared to traditional silicon-based semiconductors [8] - The silicon carbide market is expected to grow rapidly, driven by demand from AI data centers, AR glasses, and other emerging applications [8] - Companies like TianYue Advanced and XinLian Integrated are expanding their production capabilities in silicon carbide substrates, targeting various high-tech applications [9] Group 6: Cobalt Supply and Market Dynamics - The Democratic Republic of the Congo has extended its temporary ban on cobalt exports, which could impact global cobalt supply by over 100,000 metric tons [10] - The global cobalt production is projected to reach 288,000 metric tons in 2024, with the DRC accounting for approximately 220,000 metric tons, representing a 25% year-on-year increase [10] - Companies like Hanrui Cobalt and Luoyang Molybdenum are significantly increasing their cobalt production, with Hanrui ranking among the top three in global market share [11]

A股市场热点不断，近期，"脑机接口"概念火了。 21世纪经济报道记者注意到，在上周大涨之后，6月23日，脑机接口板块继续上扬，塞力医疗 （603716）（603716.SH）"10CM"涨停，三博脑科（301293）（301293.SZ）涨幅超5%，佳禾智能 （300793）（300793.SZ）、麒盛科技（603610）（603610.SH）涨幅3%以上、诚益通（300430） （300430.SZ）、狄耐克（300884）（300884.SZ）、乐普医疗（300003）（300003.SZ）、熵基科技 （301330）（301330.SZ）涨幅2%以上。 与此同时，投资者涌向上市公司互动平台，密集询问公司脑机接口相关布局。从机构调研的角度看，近 两个月已有不少机构提前嗅到了相关机遇，了解脑机接口相关业务。 就脑机接口的产业链机遇而言，浙商证券（601878）指出，产业应用上，该市场仍以医疗为主。未来在 教育、游戏、智能家居等领域的应用占比将逐步提升。软件层面，人工智能技术的高速发展将为脑机接 口带来更多的创新机会；硬件层面，更高精度的传感器正在被开发，设备越来越轻便、便携，侵入性与 人体的兼容性正在持续改 ...

Important Market News - The People's Bank of China and the Hong Kong Monetary Authority launched the Cross-Border Payment System, enhancing cooperation between mainland China and Hong Kong for efficient cross-border payment services, set to go live on June 22, 2025 [1][2] Industry Insights - The Cross-Border Payment System will allow real-time cross-border remittances for residents of both regions, utilizing existing payment infrastructures to provide cheaper and more efficient services [2] - The system enables users to select their preferred currency for transactions, either Renminbi or Hong Kong Dollar, through a mobile banking feature [2] - The application of cross-border payments is expanding, becoming a preferred choice for international transactions and playing a significant role in decentralized finance [2] Technology Developments - A successful trial of an invasive brain-computer interface for restoring motor function in a stroke patient was completed, marking a significant advancement in medical rehabilitation technology [3] - The brain-computer interface technology is expected to evolve into various sectors, including education and entertainment, beyond its initial medical applications [3] AI and Innovation - Huawei's Developer Conference 2025 introduced the HarmonyOS and AI technologies, focusing on user experience improvements through AI personal assistants [4] - The AI market is projected to see significant growth, with expectations that AI smartphones and PCs will capture over 50% and 80% market share in China by 2027, respectively [4] Stock Movements - Youyou Foods announced plans for a share reduction by its actual controller, potentially affecting 3% of the total share capital [5] - Tianrong Tianyu and other companies also reported share reduction plans by major shareholders, indicating potential shifts in stock ownership [6][7]

Group 1 - The launch of the Cross-Border Payment Platform marks a significant innovation in financial infrastructure connectivity between mainland China and Hong Kong, allowing residents to conduct real-time cross-border remittances [1] - The first cross-border payment transaction was successfully completed in Shenzhen, demonstrating the platform's operational capabilities [1] - The platform offers a more cost-effective, efficient, and convenient service for cross-border remittances, with options for currency selection between RMB and HKD [1] Group 2 - The successful trial of an invasive brain-computer interface in China has restored motor function in a hemiplegic patient, showcasing advancements in medical technology [2] - The research was led by a team from Nankai University in collaboration with local hospitals, indicating a strong academic and clinical partnership [2] - The procedure demonstrated stable system operation without complications, highlighting the potential for future applications in rehabilitation [2] Group 3 - Jilin Province aims to cultivate its ice and snow equipment industry, targeting an output value exceeding 5 billion RMB by 2030 [3] - The initiative includes support for brand development and the establishment of an industrial park, indicating a strategic approach to industry growth [3] - The plan aims to foster 2-3 nationally recognized brands, enhancing the province's competitive position in the market [3] Group 4 - The bond market has seen a resurgence in investor interest, with 19 new bond funds established in June, totaling over 36.1 billion RMB in issuance [4] - The increase in bond fund activity is attributed to a shift in market sentiment and the search for stable returns in a low-interest-rate environment [4] - This trend reflects the ongoing importance of bond funds as a viable investment option amidst challenging market conditions [4] Group 5 - China's OLED production value has surpassed 100 billion RMB, accounting for over 50% of the global market share, with a year-on-year growth of 38% expected in 2024 [5] - The OLED sector has attracted over 200 billion RMB in investments, involving more than 500 companies and creating over 100,000 jobs [5] - The growth of the OLED industry is driving the overall new display sector to exceed 100 billion USD in value [5] Group 6 - Researchers in the UK have developed a new type of robotic skin made from soft, low-cost gel materials that can sense pressure and temperature, enhancing robots' environmental interaction capabilities [6] - This innovation has potential applications in various fields, including humanoid robots and prosthetics, as well as in industries like automotive manufacturing and disaster response [6] Group 7 - Elon Musk announced plans to use Grok 3.5 to rewrite all human knowledge, aiming to correct inaccuracies and fill in missing information [7] - This initiative suggests a significant advancement in AI capabilities, with implications for knowledge management and data training [7] Group 8 - The first batch of government-guided public data products has been delivered in Fujian, promoting the market circulation of public data through new models and technologies [8] - The initiative involves the transformation of sensitive public data into marketable products, indicating a shift towards data monetization [8] - The total contract value for these products exceeded one million RMB, highlighting the financial potential of public data [8] Group 9 - The ongoing conflict in Israel and Palestine has led to a dramatic increase in shipping costs, with some routes experiencing a 250% rise in freight rates over the past week [9] - The Baltic Exchange's dirty tanker index reported a 12% increase in average international freight rates, reflecting the broader impact of geopolitical tensions on global shipping [9] - Major shipping companies have announced price hikes for July, indicating that elevated shipping costs may persist in the near future [9] Group 10 - A report revealed that 100 A-share listed companies disclosed data resource entries totaling 2.16 billion RMB, indicating a growing trend in data asset recognition [10] - Among non-listed companies, 330 have reported data resource entries, with local state-owned enterprises being the most represented [10] - The report underscores the increasing importance of data assets in corporate finance and investment strategies [10]

Group 1: Cobalt Market - The Democratic Republic of Congo (DRC) has extended the temporary ban on cobalt exports for an additional three months due to high inventory levels, affecting all sources of cobalt mining [1] - According to USGS, global cobalt production in 2024 is estimated at 288,000 metric tons, with DRC contributing approximately 220,000 metric tons, a year-on-year increase of about 25%, representing 76.4% of the global market [1] - The extended ban is expected to impact global cobalt supply by over 100,000 metric tons this year, potentially leading to domestic supply shortages [1] Group 2: Cross-Border Payment - The launch of the "Cross-Border Payment Pass" on June 22 marks the realization of interconnectivity between the mainland and Hong Kong's rapid payment systems, allowing real-time cross-border remittances [2] - This innovation is anticipated to enhance the convenience of using the Renminbi in cross-border retail scenarios and further promote the internationalization of the Renminbi [2] - Analysts suggest that the "Cross-Border Payment Pass" and stablecoins will serve as new engines for industry development, improving cross-border transaction efficiency and supporting global financial governance [2] Group 3: Brain-Computer Interface - The first intervention-based brain-computer interface trial for restoring motor function in a paralyzed patient has been successfully completed in China, showcasing the country's innovation in core brain-computer interface technology [3] - Analysts believe that brain-computer interfaces are poised to become a core technology for human-machine interaction, with applications initially focused on medical rehabilitation and later expanding to education, entertainment, military, and industrial sectors [3][4] Group 4: High-End Medical Devices - The National Medical Products Administration has approved measures to optimize the lifecycle regulation of high-end medical devices, supporting innovation in this sector [5] - The measures include optimizing special approval processes, improving classification and naming principles, and enhancing post-market surveillance [5] - The high-end medical device market is expected to grow significantly, with projections indicating a market size of 1.27 trillion yuan in 2023, surpassing 1.8 trillion yuan by 2025, and reaching 3 trillion yuan by 2030, with a compound annual growth rate exceeding 11.5% [5][6] Group 5: Smart Factories - The Ministry of Industry and Information Technology has announced the 2025 action plan for cultivating smart factories, categorizing them into four levels: basic, advanced, excellent, and leading [6] - Smart factories are seen as the core vehicle for the digital transformation of manufacturing, integrating information technology, automation, and artificial intelligence to achieve intelligent and efficient production processes [6] - The smart factory market is projected to exceed 1.4 trillion yuan by 2025, with a compound annual growth rate of over 10%, and is expected to approach 4.5 trillion yuan by 2030 [6]

Market Overview - The major indices experienced a collective decline, with the Shanghai Composite Index down 0.07% at 3359 points, the Shenzhen Component down 0.47%, and the ChiNext Index down 0.84% [3] - Over 3600 stocks declined, indicating a weak profit-making environment [3] Strong Performing Sectors - The liquor sector showed significant strength, with stocks like Huangtai Liquor hitting the daily limit, while others like Moutai and Wuliangye remained in the green. This surge is attributed to recent positive consumer recovery signals and reasonable valuations after a period of adjustment [3][4] - The shipping sector also performed well, with stocks such as Ningbo Shipping and Xingtong Co. hitting the daily limit. This is likely linked to rising freight rates and improvements in supply-demand dynamics in the international shipping market [3][4] Banking Sector - Bank stocks, including Minsheng Bank and Xiamen Bank, showed resilience, driven by low valuations and attractive dividend yields, making them a defensive choice amid market uncertainties [4] Weak Performing Sectors - The brain-computer interface concept stocks faced significant declines, with companies like Aipeng Medical and Beiyikang dropping over 10%. This sector, previously driven by speculative trading, is vulnerable to market sentiment shifts [4] - The oil and gas sector also saw a downturn, with companies like Beiken Energy nearing a limit down. This is influenced by recent volatility in international oil prices and profit-taking after previous gains [4] Investment Strategy - Investors are advised not to be swayed by short-term market fluctuations, as the overall trend remains intact with the Shanghai Composite above 3300 points. The focus should be on the fundamentals of quality companies for long-term investment [5] - It is essential to differentiate between speculative trading and fundamentally driven sectors. Sectors like liquor and banking have solid earnings support, presenting potential buying opportunities during pullbacks, while speculative sectors should be approached with caution [5] - Maintaining a rational approach and proper asset allocation is crucial, especially in a market characterized by rapid sector rotation. Long-term holding of quality stocks is recommended over frequent trading [5]

Core Viewpoint - The invasive brain-computer interface "Beinao No. 2" is expected to complete the development of a micro wireless fully implanted engineering machine within this year and is anticipated to enter clinical validation next year [1] Group 1 - The "Beinao No. 2" is a high-performance invasive intelligent brain-machine system [1] - The development is a collaboration between the Beijing Brain Science and Brain-like Research Institute and Beijing Chip Intelligence Technology Co., Ltd [1]