9月20日至23日，2025世界制造业大会在安徽省合肥市滨湖国际会展中心（以下简称"会展中心"）盛大 举行。本次大会以"智造世界·创造美好"为主题，汇聚了全球制造业领域的目光，成为展示先进制造技 术、促进国际合作、探讨行业发展趋势的重要平台，吸引了来自40多个国家和地区的政府官员、企业家 代表、专家学者等嘉宾，共同探索全球制造业高质量发展的新趋势、新路径、新机遇。 上市公司携重磅产品亮相 记者走进会展中心，看到不少企业展示出前沿制造技术与创新成果。在7B01展位，国盾密邮、国盾密 语、国盾密盘是科大国盾量子技术股份有限公司（以下简称"国盾量子"）面向移动通信和数据存储领域 推出的安全创新产品。 国盾量子相关负责人对《证券日报》记者表示，国盾密邮采用"一次一密"的密钥分发技术，结合高强度 国密算法，为用户提供端到端的邮件安全收发服务，有效防范邮件泄露带来的安全风险，切实保障邮件 安全，满足企业和用户更高等级的安全需求。 值得一提的是，国盾量子的冷原子重力仪A-Grav作为"十四五"规划期间国家及安徽制造业发展成就，在 大国重器展区吸引多人围观。 记者在现场了解到，冷原子重力仪A-Grav通过制备和操控冷原子，利 ...

Group 1: Core Insights - The McKinsey report identifies 13 key technologies categorized into three main areas: Artificial Intelligence Revolution, Computing and Connectivity Frontiers, and Advanced Engineering [1] - In 2024, 10 out of the 13 technology trends saw an increase in equity investment, indicating sustained global interest in cutting-edge technologies [4] - The report highlights the rapid growth of agent-based AI, with investment reaching $1.1 billion in 2024 and a 985% increase in related job demand [4][6] Group 2: Artificial Intelligence Revolution - Agent-based AI is characterized by autonomous agents capable of planning and executing multi-step tasks, showing unique value in areas like intelligent customer service and code development [6] - General AI is evolving towards multi-modal interactions, with 78% of organizations deploying AI in at least one business function and 92% of executives planning to increase investments in the next three years [8] - In 2024, global AI equity investment reached $124.3 billion, with OpenAI raising a record $40 billion in a single funding round [8][11] Group 3: Computing and Connectivity Frontiers - The demand for AI-driven computing is growing exponentially, driving innovation in semiconductors, networking, and cloud computing [11] - Customized semiconductors are becoming essential for meeting the massive computational needs of AI, with global equity investment in this area reaching $7.5 billion in 2024 [12] - The report predicts that by 2030, approximately 70% of data center demand will be for AI workloads, with a 33% annual growth rate from 2023 to 2030 [16] Group 4: Advanced Engineering - The integration of AI and robotics is transforming robots from fixed-task executors to collaborative partners, with global investment in robotics expected to reach $7 billion in 2024 [25] - The robotics industry is projected to grow to $900 billion by 2040, driven by opportunities arising from labor shortages and rising production costs [25] - Notable applications include Boston Dynamics' ElectricAtlas for heavy lifting in industrial settings and FigureAI's Helix for complex tasks like grocery sorting [25]

Meeting Details - The fourth extraordinary general meeting of shareholders was held on August 29, 2025, at the Keda Guandun Quantum Technology Park, Hefei, Anhui Province [1] - A total of 395 ordinary shareholders attended the meeting, holding 44,361,403 voting rights, which represents 43.1275% of the total voting rights of the company [1] Voting Results - All non-cumulative voting proposals were approved, with the first proposal receiving 99.7307% approval from ordinary shareholders [1] - The second proposal also passed with 99.8090% approval from ordinary shareholders [1] Legal Compliance - The company’s fourth extraordinary general meeting of shareholders was deemed to comply with the Company Law, Shareholders' Meeting Rules, and relevant legal regulations, confirming the legality and validity of the resolutions made [2]

Core Insights - The establishment of three expert networks in quantum technology, cybersecurity, and aerospace and drones is aimed at enhancing Vietnam's strategic technological innovation [1] - These networks are expected to help Vietnam engage more deeply in the global value chain and evolve into a regional hub for research, production, and innovation [1] - The Vietnamese government is committed to supporting these networks to ensure their effective operation and contribution to national development [1] Group 1 - The three newly formed expert networks are seen as "core engines" for driving strategic technological innovation [1] - The National Innovation Center (NIC) has established 10 innovation expert networks across 22 countries and regions, with over 2,000 members, including chief engineers and designers from advanced industries [1] - With the addition of semiconductor and artificial intelligence expert networks in 2024, NIC will have a total of five strategic technology innovation expert networks [1]

Core Viewpoint - China Construction Bank Shenzhen Branch is actively supporting the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Shenzhen Special Economic Zone through financial services, with significant increases in loans to technology and strategic emerging industries [2][5][12]. Group 1: Financial Support for Technology and Innovation - As of July 2025, the loan balance for technology enterprises reached nearly 130 billion yuan, with an increase of nearly 20 billion yuan since the beginning of the year [5]. - The bank has developed a "technology flow" evaluation system to assess the technological value of enterprises, facilitating rapid loan approvals for small technology firms [5][6]. - The bank has provided over 120 billion yuan in loans to technology enterprises in 2025, serving more than 20,000 technology companies [5][6]. Group 2: Activation of Domestic Consumption - The bank has launched various consumer loan products, with personal consumption loans exceeding 18 billion yuan in the first half of 2025 [7]. - Special promotional activities have been implemented, including a "trade-in" program that has attracted over 11,000 participants and generated transaction orders worth 70.62 million yuan [8]. - Marketing efforts have included partnerships with major brands, resulting in significant consumer engagement and transaction volumes [8]. Group 3: Support for Foreign Trade - The bank has introduced cross-border financial services to support foreign trade, including a comprehensive personal cross-border financial plan [9][10]. - Over 2 billion yuan in loans have been provided to foreign trade small and micro enterprises, addressing their financing challenges [10]. Group 4: Infrastructure Development - The bank is financing major infrastructure projects in the Greater Bay Area, including energy and transportation initiatives, with a focus on enhancing regional connectivity [11]. - A significant investment of nearly 2 billion yuan has been allocated to upgrade the Ma Wan Power Plant, contributing to energy efficiency and environmental sustainability [11]. Group 5: Enhancing Livelihood and Social Services - The bank has introduced innovative housing loan products, including the first shared ownership housing mortgage in the city, amounting to approximately 1.36 billion yuan [12]. - A dedicated pension financial brand has been established to support the aging population, with tailored financial services and credit policies [12]. - The bank has partnered with local government to streamline social security services, enhancing convenience for residents [12]. Group 6: Future Outlook - The bank aims to deepen structural reforms in financial supply and enhance service quality for the real economy, focusing on technology finance, green finance, and inclusive finance [13].

Group 1 - Quantum technology is transitioning from laboratory research to broader market applications, with significant breakthroughs in China, particularly in drug development and security systems [1][2] - Benyuan Quantum Computing Technology Co., in collaboration with the University of Science and Technology of China, has successfully implemented the world's first drug molecular property prediction application based on quantum edge encoding technology [1] - The first quantum security protection system in the tobacco industry has been launched, developed by the Anhui Tobacco Company and GuoDun Quantum Technology Co., which utilizes quantum communication technology for data encryption [1] Group 2 - Companies in the quantum technology industry are actively positioning themselves to capitalize on future technological trends, with Shenzhou Information Group participating in the construction of national quantum communication networks [2] - Changchun Jida Zhengyuan Information Technology Co. plans to develop quantum random number and anti-quantum password capabilities in its products, aiming to enhance digital security [2] - The quantum technology market is projected to grow significantly, with an estimated market size of approximately $1.989 billion in 2024, increasing to $9.758 billion by 2029, reflecting a compound annual growth rate of 37.45% [3]

Group 1 - Wuhan has established 61 grassroots intellectual property protection stations since the end of 2019, evolving from single-point breakthroughs to comprehensive coverage, becoming essential infrastructure in the technology innovation ecosystem [1] - The first intellectual property protection station in the Optical Valley was established in September 2020, focusing on the biomedical industry, which has seen significant growth, helping over 30 companies build patent barriers [2] - The establishment of multiple specialized stations from 2021 to 2023 has created a protective network covering various fields, including digital economy and legal services, enhancing the overall intellectual property service capabilities [2][3] Group 2 - The newly established quantum technology and cross-border e-commerce protection stations in October 2024 signify a strategic focus on future industries, addressing cutting-edge fields and international trade intellectual property issues [5] - The collaborative efforts of these stations have strengthened patent layouts in traditional industries while accelerating the development of new business models in the digital economy, with a target of 120 high-value invention patents per 10,000 people in the Optical Valley by 2024 [3][5] - The ongoing enhancement of service capabilities at these 12 intellectual property protection stations reflects the strategic development of Wuhan's emerging industries, supporting the city's goal of becoming a nationally influential technology innovation hub [6]

Core Insights - A new quantum platform developed by researchers at Johns Hopkins University enhances molecular vibrations, making them clearer and more detectable, potentially leading to a new generation of quantum sensors and early disease diagnosis [1] Group 1: Technology and Innovation - The research introduces a method that amplifies molecular vibrations, akin to a "quantum amplifier," allowing for the identification of unique molecular signatures that can indicate diseases such as infections, metabolic disorders, and cancer [1] - Traditional techniques like infrared and Raman spectroscopy struggle in complex environments, similar to hearing whispers in a noisy market, highlighting the need for more sensitive detection methods [1] - The team redesigned the interaction between light and matter by constructing an optical resonator with highly reflective gold mirrors, significantly enhancing the interaction between light and enclosed molecules [1] Group 2: Applications and Implications - The new "vibrational polarization" sensing technology acts like a quantum microscope, capable of identifying disease biomarkers in blood, saliva, or urine, and monitoring molecular reactions in real-time during pharmaceutical processes [1] - This technology also has the potential to reliably detect minute environmental pollutants, showcasing its versatility and applicability across various fields [1]

Macro Economic Overview - The report indicates that the next important time point may be in the late third quarter of 2025, with a suggested asset allocation order of stocks > commodities > bonds > currency [2][4] - In the first half of 2025, China's actual GDP grew by 5.3% year-on-year, laying a good foundation for achieving the annual target of 5.0% [2][4] - Economic data from July shows signs of growth pressure, including weakened external demand due to increased tariffs from the US and sluggish domestic consumption [2][4] Asset Performance - The A-share market saw an increase, with the CSI 300 index rising by 2.37% and the CSI 300 stock index futures up by 2.83% [11][12] - Commodity futures showed mixed results, with coking coal futures up by 0.33% and iron ore down by 1.65% [11][12] - The yield on ten-year government bonds rose by 6 basis points to 1.75%, while active ten-year government bond futures fell by 0.26% [11][12] Policy Insights - The report emphasizes the importance of expanding domestic demand in the second half of the year, suggesting that policies should be implemented to enhance efficiency and release domestic demand [2][4] - It is noted that the fiscal policy may have room for further adjustments within the year, particularly in light of external pressures easing due to potential interest rate cuts by the Federal Reserve [2][4] Sector Performance - The report highlights that the TMT sector has shown significant growth, with the ChiNext index leading with an 8.58% increase, followed by the Shenzhen Component Index at 4.55% [35][36] - The report also notes that the banking sector has faced declines, with a drop of 3.22% [35][36] Financial Data - In July, new social financing amounted to 1.13 trillion yuan, while new RMB loans decreased by 500 million yuan, indicating weak financing demand in the real economy [4][17] - The M2 money supply grew by 8.8% year-on-year, reflecting a relatively strong liquidity environment despite weak economic indicators [4][17]

Core Viewpoint - The article discusses the implementation of the "Management Measures for the Shaanxi Province Science and Technology Innovation Mother Fund (Trial)" aimed at promoting technology innovation in the region through government-led investment strategies [1] Group 1: Fund Structure and Investment Strategy - The Science and Technology Innovation Mother Fund has a duration of 20 years, with at least 80% of its investments directed towards venture capital sub-funds, and a minimum of 30% allocated to seed and angel sub-funds [2] - Direct investments in major science and technology projects determined by the provincial government are capped at 5% of the total subscribed capital of the mother fund, with remaining funds allocated flexibly to industry sub-funds or direct investment projects [2] - The mother fund's investment in venture capital sub-funds generally does not exceed 50% of the total scale of the sub-fund, with seed and angel sub-funds capped at 60% [2] Group 2: Management and Fee Structure - The management fee for the mother fund is calculated at 1% per year based on the actual paid-in capital for the investment in sub-funds, and similarly for direct investments [3] - 80% of the management fee is a basic fee, while 20% is determined based on performance evaluation results [3] Group 3: Sub-fund Duration and Focus - The duration of sub-funds is limited to a maximum of 15 years, with extensions subject to approval by the provincial government [4] - Sub-funds focusing on early-stage projects must allocate at least 70% of their scale to such investments [5] Group 4: Investment Criteria for Seed and Angel Projects - Seed projects must meet specific criteria, including being within 5 years of establishment and having sales revenue not exceeding 50 million RMB and fewer than 100 employees [6] - Angel projects must also meet criteria, including being within 8 years of establishment and having sales revenue not exceeding 100 million RMB and fewer than 200 employees [7] Group 5: Risk Tolerance and Loss Absorption - The mother fund establishes a mechanism for due diligence exemption, allowing for a maximum loss tolerance of 70% for seed and angel sub-funds, 50% for venture capital sub-funds, and 30% for industry sub-funds [7]