转自：北京日报客户端 "能源谷"首个标准化厂房项目投用，新注册企业190余家，26条重点道路建成，近8000套安置房交 付……上半年，未来科学城产城融合发展不断提速，一座宜居宜业科学新城图景缓缓铺展。记者7月20 日从未来科学城集团中期报告获悉，上半年该集团在产业空间建设、引入重点项目、道路住宅等配套建 设等方面成绩亮眼。 未来星科 一边加速"筑巢"，一边积极"引凤"。上半年，聚焦先进能源、先进制造、医药健康等未来科学城主导产 业，实现新注册企业190余家，新引入千方新能源、尚捷优蓝、绿燃、安科集团、汉禾生物等40余家企 业，含国家高新技术企业20余家。聚焦合成生物制造这一热门未来产业，合成生物制造技术创新中心投 入运营，首批5个团队入驻，9个项目达成落地意向。同时，积极与高校联动，紧抓清华南口国重基地落 地契机，推动千途智行、星煜科技等一批清华国重及清华大学创新成果落地"能源谷"。 除了产业发展，道路、教育、住宅、生态、商业等配套建设同样提速，让未来科学城这座科学新城变得 更加宜居。道路方面，上半年，共有26条重点道路建成，畅通区域发展，其中，英才南一街全线贯通， 实现与地铁17号线无缝换乘；打通北清路（七 ...

"当前，全球供应链正朝着更有效率、更具活力的方向发展，这也再一次证明，经济全球化是人心所向、大势所 趋。"中国贸促会研究院院长赵萍对本报记者表示。 能竖起双翼在天空中飞翔的飞行汽车、能自主动作的人形机器人……链博会上，新奇有趣的高科技产品比比皆 是。 在过去几年里，全球供应链经历了很多挑战，从疫情到地缘政治的变化，再到技术的快速迭代，让世界供应链面 临了前所未有的中断。不过，全球供应链整体发展趋势依然向好。 "这些中断让人们更广泛地认识到，供应链不再仅仅关乎效率，它们还关乎韧性、安全和国际合作。"链博会上， 意大利中国理事基金会秘书长马克·贝廷对包括《华夏时报》在内的记者表示。 链博会上发布的《全球供应链促进报告》也显示，当前，全球经贸规则侧重全球供应链包容发展，发展中国家加 快融入全球供应链，创新、绿色和中小企业发展受到高度关注，为抵御贸易保护主义冲击、降低贸易投资成本提 供了制度保障。 仍需加强韧性 当前，供应链正在向更智能、更韧性的方向发展。《全球供应链促进报告》显示，当前，促进指数、连接指数、 创新指数于2024年都达到了历史高位。其中，创新投入、供应链上中下游创新活动、创新环境三个一级指标共同 拉动 ...

智通财经创投通：一级市场本周融资总额约50.41亿元环比增加8.85% 人工智能融资额最高 《科创板日报》19日讯，据智通财经创投通数据，本周（7.12-7.18）国内统计口径内共发生97起投融资 事件，较上周80起增加21.25%；已披露的融资总额约50.41亿元，较上周46.31亿元增加8.85%。从投资 事件数量来看，先进制造、医疗健康、集成电路、人工智能、传统工业、企业服务、新材料等领域较活 跃；从融资总额来看，人工智能披露的融资总额最多，约24.86亿元。MiniMax据报道近期基本完成近3 亿美元新一轮融资，为本周披露金额最高的投资事件。 ...

Core Insights - The integration of scientific achievements from "laboratories" to "production lines" is crucial for advancing technological innovation and enabling industrial upgrades [1] - The third China International Supply Chain Promotion Expo highlighted the importance of deep integration between innovation chains and industrial chains, emphasizing the role of intellectual property in empowering industries [1][2] - The rapid release of intellectual property utilization benefits has transformed numerous laboratory ideas into keys for industrial development, with significant statistics on patent conversion and licensing [2] Group 1 - The newly established innovation chain zone at the expo attracted attention from various organizations, emphasizing the need for advanced technological achievements to be linked to real-world applications [1][3] - Intellectual property is essential for accelerating the conversion of innovative results into productive forces and facilitating practical cooperation in global supply chains [1][2] - The current complexity in protecting and converting intellectual property is heightened by the rapid advancement of digital technologies and the emergence of new industries and business models [2][3] Group 2 - Simple supply-demand matching and conversion transactions are insufficient; a chain-based collaborative innovation approach is necessary to reduce R&D costs and enhance innovation efficiency [3] - The "Beijing Initiative" released at the expo calls for deep integration of technological and industrial innovation, aiming to transform scientific achievements into real productive forces [3] - The expo serves as a platform for exploring the "conversion code" for driving high-quality industrial development through technological innovation [3]

优化服务，促进经济活力迸发。提升政务服务水平是优化营商环境的必然要求，直接关系市场各类经营 主体的获得感和发展信心。为此，全省始终坚持以打造一流营造环境为导向，以进一步全面深化改革为 牵引，从推进制度集成创新，促进人流、物流、资金流、信息流等资源要素更加高效便捷流通，为招商 引资营造"近悦者来"的浓厚氛围，到释放提升贸易便利化水平、助力企业减负降费、优化口岸营商环境 等"政策大礼包"红利，进一步激发微观活力与跨境流动活跃度，再到鼓励企业开拓多元化市场，不断挖 掘具有高质量、高技术、高附加值的绿色低碳产品新增长点……从文旅、科技到工业、外贸，各行各业 在转方式、优服务、提质量、增效益上持续用力，铺展出一幅幅人气兴旺、人声鼎沸、车水马龙的壮美 画卷，合力推动广东经济运行持续向好，市场对岭南大地高质量发展的预期也更加充满期待。 创新赋能，增强经济发展动力。发展是第一要务，创新是第一动力。今年上半年，广东大力培育和发展 新质生产力，叠加技术优势与产业协同，推动创新链、产业链、人才链深度融合发展，加快科技成果转 化应用，让高质量发展优势更大、动力更足。看产业，新动能产业增势良好，先进制造业、高技术制造 业增加值分别增长 ...

Core Viewpoint - The balance between investment and consumption is crucial for economic development, with both elements complementing and promoting each other in the economic cycle [1][3] Investment Growth - In the first half of the year, China's fixed asset investment (excluding rural households) reached 24.8654 trillion yuan, a year-on-year increase of 2.8%, and a real growth of 5.3% after adjusting for price factors [1] - There is a significant differentiation in investment growth: manufacturing investment and high-tech service investment grew by 7.5% and 8.6% respectively, outpacing overall investment growth by 4.7 and 5.8 percentage points [1] - Infrastructure investment increased by 4.6%, exceeding the overall investment growth rate by 1.8 percentage points, while real estate investment faced pressure, declining by 11.2% year-on-year [1] Transition to High-Quality Development - The current investment slowdown reflects a structural and quality adjustment, indicating a shift from high-speed growth to high-quality development [2] - The focus of investment is shifting from traditional sectors like real estate and infrastructure to new growth areas, with manufacturing investment now accounting for 25.2% of total investment [2] - Investment in new energy and high-tech sectors is accelerating, showing a transition of funds from inefficient to efficient areas [2] Investment Potential - Despite the slowdown, China's investment potential remains significant, supported by factors such as low per capita infrastructure capital stock compared to developed countries and ongoing urbanization of nearly 300 million rural migrants [2] - There are still many weak links in public services like education, healthcare, and environmental protection that require effective investment [2] Policy Focus - Economic policies are increasingly aimed at improving livelihoods and promoting consumption, but investment remains a key component [3] - The "Two New" policy connects supply and demand, transforming development potential into tangible growth, with significant retail growth in household appliances and automobiles observed [3] Investment Structure Optimization - To promote sustainable investment growth, it is essential to balance supply and demand, new and old sectors, and the roles of government and market [4] - Funds should be directed towards advanced manufacturing and modern service industries, enhancing both short-term demand and long-term growth potential [4] - There is a need to prevent low-level repeated construction and improve investment efficiency while fostering private investment in more sectors [4]

Core Viewpoint - The third China International Supply Chain Promotion Expo successfully held an advanced manufacturing theme event focusing on technological innovation leading to new quality productivity development, with representatives from various sectors discussing breakthroughs, industrial collaboration, and globalization trends [1][6]. Group 1: Industry Insights - The event featured over 110 domestic and foreign enterprises showcasing advanced manufacturing achievements, highlighting the importance of international cooperation in developing advanced manufacturing [6]. - Suggestions from industry leaders included supporting industrial innovation, empowering technology, and promoting green transformation to enhance international collaboration in green manufacturing [2][6]. - The mechanical industry is undergoing significant changes due to the restructuring of global supply chains, with a focus on digital transformation, collaborative ecosystems, and innovative global cooperation models [6][10]. Group 2: Technological Developments - NVIDIA's CEO Jensen Huang and Alibaba Cloud founder Wang Jian engaged in discussions about AI, covering its development history, future trends, and the foundational role of computing power [3][11]. - Huang emphasized the rapid advancements in AI, particularly in generative AI, which can understand and generate information, marking a significant evolution in the field [13]. - The importance of computing power as a foundational infrastructure for AI was highlighted, with Huang noting that AI's capabilities are supported by substantial computing resources [14]. Group 3: Future Directions - Huang discussed the potential of physical AI and the shift towards using composite chip technologies to enhance AI functionalities, indicating a transformative approach in the industry [15]. - The significance of open-source models in advancing AI development was underscored, suggesting that they provide a secure way to foster AI growth globally [15]. - Huang provided insights for the younger generation on engaging with AI, emphasizing the need for critical thinking and problem-solving skills, as well as the transformative potential of AI in various sectors [16][17].

Core Insights - The third China International Supply Chain Promotion Expo emphasizes the importance of international cooperation in advancing manufacturing [1][3] - The event showcases over 651 enterprises and institutions, highlighting the transformation of the manufacturing industry towards new production capabilities [2][4] - Key trends identified include internationalization, green transformation, and the integration of services into manufacturing processes [3][7] Group 1: International Cooperation and Trends - International cooperation is deemed essential for accelerating the development of advanced manufacturing [1][3] - The shift from "trade globalization" to "globalization of industrial and supply chains" is noted, with a focus on high-value, high-tech products [3][6] - The emergence of new manufacturing models that integrate services into the production process is highlighted, indicating a transition from product-centric to a "product + service" system [7][8] Group 2: Technological Innovation and AI - The presence of AI companies at the expo signifies the growing role of technology in supply chain development [6][4] - The event features significant participation from leading AI firms, showcasing innovations that drive the digital and green transformation of global supply chains [4][6] - The importance of industrial internet platforms in reshaping production models and enhancing resource allocation is emphasized [7][8] Group 3: Recommendations for Advanced Manufacturing - Support for industrial innovation is recommended as a fundamental path for developing new production capabilities [8][10] - Encouragement for technology empowerment is highlighted, with a focus on the application of advanced technologies in manufacturing [10] - The need for a green transition in manufacturing practices is stressed, advocating for international cooperation in establishing green supply chains [10]

Report Industry Investment Rating There is no information provided regarding the report industry investment rating in the given content. Report's Core View - Western Lide Fund's Chen Baoguo, with 15 years of securities experience and 5 years of fund management experience, manages 4 funds with a total scale of 1.258 billion yuan. He adheres to reverse investment in the high - prosperity general manufacturing sector, aiming for long - term growth while emphasizing safety margins [2][6]. - Western Lide Jingrui, a representative product, has outstanding short - and long - term performance, maintains growth elasticity, and has good long - term holding profitability. It focuses on the general manufacturing sector, with investment styles shifting and high turnover [2][20]. - The fund manager has strong capabilities in various aspects, including excellent performance in prosperous market conditions, long - term outstanding invisible trading capabilities, and recent prominent industry rotation and stock - selection abilities [2][56]. - The excess returns of Western Lide Jingrui mainly come from stock - selection and industry allocation, and the fund manager's ability circle covers a wide range of general manufacturing fields [2][61]. Summary According to the Directory 1. Western Lide Fund Chen Baoguo: Persisting in Reverse Investment in High - Prosperity General Manufacturing 1.1 Fund Manager's Basic Information: A Veteran with Over 5 Years of Product Management - Chen Baoguo is a master of finance from Shanghai University of Finance and Economics, holding multiple positions at Western Lide Fund. He has 15 years of securities experience, 5 years of fund management experience, and currently manages 4 funds with a total scale of 1.258 billion yuan. His in - charge products include Western Lide Huixin 6 - month Holding, Western Lide Green Energy Mix, Western Lide Carbon Neutralization, and Western Lide Jingrui [6]. - The representative product, Western Lide Jingrui, has achieved a total return of 98.69% and an annualized return of 13.57% since Chen Baoguo took over on February 15, 2020 [7]. 1.2 Fund Manager's Investment Framework: Left - hand Reverse Investment in Long - term Prosperous Industries, Emphasizing Safety Margins - Investment philosophy: Seeking long - term logic and growing with the capital market, similar to being an "orchard farmer." The investment strategy involves finding companies with short - term callbacks but good long - term prospects in favored sectors for reverse investment or left - hand layout, while emphasizing safety margins [2][17]. - Stock - selection strategy: Qualitative screening focuses on company governance, platform level, and industry; quantitative analysis selects undervalued stocks with certain long - term prospects from good industries [17]. 2. Return - Risk Characteristics: Balancing Short - and Long - term Returns, Maintaining Growth Elasticity 2.1 Outstanding Performance Since Taking Over, Continuously Maintaining Elastic Returns Recently - Since taking over on February 15, 2020, Western Lide Jingrui has a cumulative return of 98.69%, ranking 9th among similar active equity funds. Its maximum drawdown is within the top 30% of similar products. After the market rebound on September 24, 2024, it still maintained prominent elasticity, with a cumulative return of 43.97% and a maximum drawdown within the top 50% of similar products [21]. - Compared with other high - performing products, Western Lide Jingrui is one of the few funds that focus on the advanced manufacturing field and maintain high elasticity recently [27]. - Western Lide Jingrui ranks 5th in the information ratio compared to the advanced manufacturing index among similar products, with a relatively low tracking error [29]. 2.2 Good Long - term Holding Profitability - As the holding time of Western Lide Jingrui increases, the historical probability of making money and the return rate gradually rise. The probability of making money after holding for five years is as high as 100%, with an average return of 91.4%. In different holding periods, its average return and winning rate exceed those of the Shenwan Advanced Manufacturing Index and the CSI 300 Total Return Index [31]. 3. Fund Holding Characteristics: Growth Investment with High Turnover, Outstanding Stock - selection Ability 3.1 Industry Allocation: Focusing on General Manufacturing, with Recent Industry Allocation Adjustments - Since taking over, Western Lide Jingrui has long focused on the general manufacturing sector, mainly including advanced manufacturing and technology industries. There have been two major industry allocation changes within the general manufacturing sector, with the focus shifting from power equipment to technology recently [34]. - In terms of secondary - industry allocation, it was previously concentrated in power equipment with a new - energy theme and has recently shown prominent characteristics in software development, semiconductors, and computer equipment [36]. 3.2 Investment Style: Growth - style Investment with High Turnover, Recently Tending towards Small - cap Growth - Since 2023, the fund's turnover rate has gradually increased, with the latest annualized turnover rate exceeding 12 times, and the investment style has changed from mid - and large - cap growth to small - cap growth [2][39]. - In the early stage, the fund's allocation was relatively balanced, but since the second half of 2022, it has mainly held small - and medium - cap stocks. The stability of heavy - position stocks has declined, but some stocks have been held continuously for more than three quarters [46][50]. - The heavy - position stock - selection ability is outstanding, and the heavy - position stocks can achieve relatively stable excess returns compared to the industry index [52]. 4. Fund Manager's Ability Circle: Excellent Performance in Prosperous Market Conditions, Long - term Outstanding Invisible Trading Capabilities, and Recent Prominent Industry Rotation, Allocation, and Stock - selection Abilities - The fund manager's investment strategy is suitable for prosperous market conditions, with high elasticity in high - prosperity industries. The product has shown continuous and prominent performance in prosperous market conditions since taking over [56]. - The long - term high turnover rate of Western Lide Jingrui is consistent with the investment strategy of selecting undervalued stocks and selling them in time after value regression. The long - term strong invisible trading ability indicates that the reverse investment strategy can provide stable returns [57]. - In late 2024, the fund manager adjusted the industry and stock allocation structure. The ability to rotate industries and select stocks is the basis for the product's long - term high elasticity and adaptability to prosperous market conditions [57]. 5. Fund Return Contribution Breakdown: Stock - selection and Industry Allocation Contribute Mainly to Excess Returns, with a Wide Stock - selection Ability Circle - The excess returns of Western Lide Jingrui since taking over can be explained by stock - selection and industry allocation, resulting from the investment strategy of selecting high - prosperity industries and undervalued stocks for left - hand layout. During the market decline from the second half of 2022 to the first half of 2024, trading also contributed significantly [61]. - The absolute and relative contributions of the automotive and power equipment industries are prominent. Technology industries such as communication, media, and computer also contribute excess returns in most periods, indicating that the fund manager's ability circle covers a wide general manufacturing field [65].

Core Viewpoint - The current international environment is complex, and Sichuan's ability to cultivate new advantages in international cooperation and competition is crucial for promoting high-quality development [1] Group 1: Economic Development Strategies - Sichuan has made significant efforts over the past 40 years to promote "open skies," develop cross-border e-commerce, and establish international logistics corridors, effectively driving economic trade development [3] - The Chengdu-Chongqing economic circle is recognized as the fourth major national regional development strategy following Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area [3] - Sichuan aims to leverage its market scale advantage with a population of 168 million and a GDP of 11.8 trillion yuan, gradually expanding from the regional market to the southwest, central, and nationwide [3][4] Group 2: Supply Chain Optimization - The province plans to enhance domestic, cross-border, and international supply chains to optimize production, distribution, circulation, and consumption processes [3] - Sichuan will utilize the Western Land-Sea New Corridor and the Eurasian Land Bridge to achieve internal and external linkages while improving regional industrial chains and value chain layouts [3][4] - The focus will be on breaking the "involution" competition dilemma by emphasizing four key directions: technology-driven supply chain enhancement, regional collaborative development, scientific industrial spatial optimization, and market regulation to maintain fair competition [5] Group 3: Innovation and Talent Development - Sichuan is set to foster new advantages in international cooperation by focusing on technological clusters and transitioning from investment-driven to innovation-driven growth over the next five years [5] - The province aims to enhance its metropolitan functions, achieving world-class standards in modern finance, cultural entertainment, and establishing a globally competitive talent hub through world-class research universities [5] - The development model emphasizes a shared and inclusive approach, benefiting local enterprises, host countries, and third-party partners, thereby promoting a more cooperative reform and opening-up framework [5]