中经实习记者 孙汝祥 记者 夏欣 北京报道 "这次改革没有针对未盈利企业纳入科创成长层设置额外的上市门槛，存量32家未盈利企业将自指引发 布实施之日起进入科创成长层，新注册的未盈利企业将自上市之日起进入。"上交所相关负责人指出。 7月13日，《上海证券交易所科创板上市公司自律监管指引第5号——科创成长层》（以下简称"《科创 成长层指引》"）正式发布并施行。 自当日起，科创板存量32家未盈利企业将进入科创成长层，新注册的未盈利企业将自上市之日起进入。 "存量公司受益明确，增量公司面临更高挑战。"资深专家在接受记者采访时表示，科创成长层在调出标 准、投资者适当性管理两方面实施新老划断，利好存量未盈利企业，有利于改革的稳步推进。 存量32家未盈利企业入成长层 此前的6月18日，证监会发布《关于在科创板设置科创成长层增强制度包容性适应性的意见》（以下简 称"《科创板意见》"）明确了在科创板设置科创成长层的基本要求。《科创成长层指引》则从业务规则 的角度对有关要求加以细化。 上交所相关负责人表示，上交所将坚守科创成长层定位，突出更好支持优质未盈利科技型企业这个改革 重点，把好准入关。 Wind数据显示，截至目前，科创板 ...

Core Insights - The economic strength of the top 100 districts in mainland China has become a focal point, with Shanghai's Pudong New Area leading the list due to its outstanding economic performance and a GDP significantly ahead of others [1][2] - All districts on the list have a GDP exceeding 160 billion RMB, highlighting their robust economic capabilities and exceptional performance [1][2] - The top districts are not only economically significant locally but also play a crucial role in the national economic landscape, showcasing unique industrial advantages in various sectors [2][3] Group 1 - Shanghai Pudong New Area is recognized as the most developed region in mainland China, excelling in finance, trade, and technology, which drives its rapid economic growth [1][2] - Pudong is home to numerous well-known domestic and international company headquarters and important financial infrastructure, such as the Shanghai Stock Exchange, solidifying its core position in the financial sector [1] - The region also stands out in technological innovation, attracting high-tech enterprises and talent, which continuously fuels its economic development [1] Group 2 - Other districts on the list, such as Shenzhen's Nanshan District, Guangzhou's Tianhe District, and Beijing's Haidian District, demonstrate strong economic capabilities in high-tech industries, modern services, and technological innovation, respectively [2] - The distribution of these top districts spans from the developed eastern coastal areas to emerging economic zones in the central and western regions, indicating a broad geographic representation [2] - The increasing number of top districts in the central and western regions, such as Chengdu's Wuhou District and Wuhan's Jianghan District, reflects a positive trend in regional economic coordination and development [2][3] Group 3 - Overall, the economic strength of the top 100 districts in mainland China is significant, showcasing not only impressive total economic output but also strong competitiveness in industrial structure optimization, technological innovation, and green development [3] - With the ongoing implementation of the national regional coordinated development strategy, these districts are expected to continue leading the way in promoting high-quality national economic growth [3] - The emergence of more regional economies will enrich the economic landscape of mainland China, laying a solid foundation for sustainable economic development [3]

Group 1: Core Development Strategy - Hainan Free Trade Port focuses on implementing new development concepts and promoting high-quality development as a fundamental approach during the "14th Five-Year Plan" period [1] - The port's "one major project" is the closure operation, with a comprehensive push to achieve this goal through task lists and pressure tests [1] - Over 180 policy documents related to the free trade port have been implemented, characterized by "zero tariffs, low tax rates, simplified tax systems," and "five freedoms and conveniences" [1] Group 2: Economic Growth and Trade Expansion - Hainan Free Trade Port has achieved an annual growth rate of over 20% in service trade, with actual foreign investment growth ranking first in the country [2] - The scale of foreign-related income and expenditure has surpassed 100 billion yuan for the first time, indicating enhanced cross-border investment and financing facilitation [2] - The four leading industries account for over 67% of the economy, reflecting an optimized modern industrial structure [1][2] Group 3: Institutional Innovation and Talent Development - Hainan Free Trade Port is committed to creating a first-class business environment and integrating innovative development mechanisms [3] - The port focuses on nurturing talent and establishing a high-level, multi-form international talent training system to support its leading industries [3] - There is an emphasis on improving the technology innovation system, with a focus on supporting small and medium-sized technology enterprises and enhancing R&D funding [3]

Group 1 - The 2025 High-tech Transfer and Transformation Conference and the Second Suzhou International Science and Technology Innovation Conference opened with the theme "Gathering Global Wisdom to Build an Entrepreneurial Paradise" [1] - The "100 Billion Talent Fund" and "Major Industrial Development Fund" were launched, with 40 technology projects landing in Suzhou [1] - The "100 Billion Talent Fund" has a total scale of 10 billion yuan, with an initial phase of 2.5 billion yuan and a duration of 15 years, focusing on key talent and hard technology [1] Group 2 - The "Several Policy Measures for Accelerating the Integration of Technological Innovation and Industrial Innovation" were released, aiming to enhance the supply of technological innovation and talent in Suzhou [2] - Support for establishing key laboratories and high-level research institutes, with funding up to 200 million yuan and 20 million yuan respectively [2] - Financial support for new top talents and teams in Suzhou can reach up to 100 million yuan and 30 million yuan [2] Group 3 - Suzhou will strengthen the cultivation of innovative enterprises and provide up to 100 million yuan for newly established global R&D centers [3] - Incentives for enterprises to increase technological innovation investment, with support for newly approved national and provincial innovation centers reaching up to 50 million yuan and 10 million yuan respectively [3] - The implementation of "Science and Technology Innovation Index Benefits" will provide policy-based rewards of up to 30 million yuan [3] Group 4 - The "2025 Suzhou Key Technology Global 'Challenge' List" was released, featuring 45 key technology demands with a total investment of 5.412 billion yuan [4] - The list covers all industrial clusters of Suzhou's "1030" plan, focusing on technology upgrades and green innovation [4] - Successful projects from the list will receive up to 10 million yuan in support, based on 50% of the challenge amount [4]

Core Viewpoint - The article discusses the release of the "Several Policy Measures for Accelerating the Integration of Technological Innovation and Industrial Innovation Development" aimed at enhancing Suzhou's innovation influence and developing new productive forces through 15 specific policy measures across five dimensions [1] Group 1: Enhancing High-Quality Technological Innovation Supply - Suzhou aims to enhance the supply of technological innovation by supporting the establishment of key laboratories with funding up to 200 million yuan and 20 million yuan respectively [2] - The city will support the construction of several high-level research institutes and provide funding for various scientific research projects, with maximum support reaching 5 million yuan, 6 million yuan, and 10 million yuan [2] - Global "challenge" initiatives will be organized with a maximum support of 10 million yuan for key technology breakthroughs and major scientific achievements [2] Group 2: Improving Integration Development Effectiveness - The policy measures focus on building a modern industrial innovation system, with rewards of 5% for manufacturing enterprises investing over 50 million yuan in equipment [3] - New service industry leaders will receive up to 1 million yuan in support, and strategic emerging industries will be cultivated to create advanced industrial clusters [3] - Support for artificial intelligence and data integration development projects can reach up to 100 million yuan [3] Group 3: Enhancing Enterprise Technological Innovation Capability - Suzhou will establish a nurturing system for innovative enterprises, providing up to 100 million yuan for newly built global R&D centers [4] - Enterprises leading national major scientific projects will receive support of up to 20 million yuan [4] - The city aims to support at least 90% of municipal industrial technology innovation projects led by enterprises each year [4] Group 4: Promoting Efficient Transformation of Technological Achievements - A high-level platform for technology transfer will be established, with support for the construction of technology transfer centers and service platforms up to 20 million yuan [5] - The city encourages "dual employment" between universities and enterprises, supporting technology talent exchanges [5] - Financial institutions are encouraged to develop insurance products for technology transfer, with support for premiums up to 300,000 yuan [5] Group 5: Building an Open and Shared Innovation Ecosystem - Suzhou will enhance its technology finance service system, providing risk compensation of up to 10 million yuan for financial institutions supporting technology enterprises [6] - Support for high-value patent cultivation projects will be provided, with each project receiving 500,000 yuan [6] - New national and provincial "Belt and Road" joint laboratories will receive funding support of up to 10 million yuan and 2 million yuan respectively [6][7]

交流会上，香港投资推广署与西安高新区管委会签署合作备忘录，携手支持陕西科创企业拓展国际 市场。 根据合作备忘录，西安高新区管委会将鼓励区内企业把香港作为拓展海外业务的基地；香港投资推 广署将提供香港营商环境和政策信息，以及企业在港投资和运营所需支持。此次签署合作备忘录标志着 双方将建立稳定协作机制，发挥香港国际金融中心的独特优势与西安高新区的创新优势，帮助陕西企业 连接全球资源、抢占国际市场先机。 7月8日，"陕港携手 助企出海"——香港优势助力陕西科技企业走出去交流会在西安举行。此次活 动由香港投资推广署、省政府港澳事务办公室、省科学技术协会联合主办，旨在搭建合作平台，推动陕 西科技企业"出海"拓市场。活动吸引陕西企业、机构代表190余人参会。 香港特区政府驻成都经济贸易办事处主任袁嘉诺指表示，香港和陕西均重视创科产业发展。期待通 过深度对接，将香港在税制、金融、全球网络等方面的优势与陕西的产业根基和创新活力相结合，实 现"双向奔赴"。 省政府港澳事务办公室主任姚红娟表示，将积极推动陕港两地在经贸投资、科技创新等领域的合作 交流，助力两地企业把握机遇、优势互补。 活动中，来自香港交易所、汇丰银行、德勤税务等 ...

记者7月4日从福建省科技厅获悉，该厅日前发布通知，正式启动2025年国家重大科技项目和国家级科技 创新平台奖补资金的申报工作，相关项目及平台最高可获千万元奖励。此举旨在激励福建省创新主体加 快融入国家重大战略布局，推动福建科技创新主体积极承担国家级项目、创建科技创新平台，进而提升 区域科技创新实力。 在奖补标准方面，国家重大科技项目将按牵头企业获国拨经费实际到账金额1∶1比例奖补；国家级科技 创新平台中，全国重点实验室、国家技术创新中心等给予一次性1000万元奖励；国家"一带一路"联合实 验室、国家临床医学研究中心等给予一次性500万元奖励；国家野外科学观测研究站等给予一次性300万 元奖励。（ 记者谢开飞 通讯员高凌） 福建省科技厅相关负责人介绍，申报国家级科技创新平台奖补的，要求平台建设的牵头承担单位须在福 建省内注册，具有独立法人资格，原则上须经福建省科技厅推荐，且已获得科技部批复建设（重组入 列）。中央在福建的企事业单位牵头建设的国家级科技创新平台纳入奖补范围。 据介绍，国家重大科技项目奖补面向2023年度申报并获得福建省奖补资金，且在上一轮奖补申报截止日 （2023年12月25日）至本轮奖补申报截止 ...

Core Viewpoint - The emphasis on cultivating an innovation culture is crucial for enhancing the capabilities of the International Science and Technology Innovation Center, which has shown significant progress over the past year [1][2]. Group 1: Functions of the Innovation Centers - The innovation centers possess four main functions: scientific research, technological innovation, industrial driving, and cultural leadership [3]. - The institutional environment has been continuously optimized, with reforms in Beijing and Shanghai breaking down deep-seated systemic barriers, reflecting the spirit of innovation from traditional Chinese culture [3]. - The vitality of various entities has been stimulated, with new collaborative mechanisms being established, such as the "enterprise proposes, government supports" model in Beijing, which has led to the formation of 27 innovation consortia [4]. Group 2: Cultural and Ethical Foundations - The deep-seated motivation for building innovation centers stems from the spirit of scientists and the pursuit of excellence, with a focus on promoting values such as patriotism, innovation, and collaboration [4]. - The establishment of the National Science and Technology Ethics Committee has accelerated the construction of a governance system for scientific ethics within the innovation centers [4]. Group 3: Future Directions - To foster a more vibrant and resilient innovation culture, there is a need to deepen institutional openness and create a global innovation cultural hub [6]. - Mechanisms to support risk-sharing and the establishment of government-led special funds for high-risk exploratory fields are essential for nurturing a culture that tolerates failure [7]. - Emphasis on youth talent development is critical, with initiatives aimed at enhancing basic education and promoting interdisciplinary learning to cultivate innovative capabilities among young people [9].

Group 1: Industrial and Technological Innovation - Yangzhou aims to achieve over 900 billion yuan in industrial sales and over 2500 high-tech enterprises by 2024, with a GDP growth of 6% year-on-year, surpassing the provincial average [2] - The city is focused on creating a modern industrial system and has established a leadership group for industrial innovation, implementing local regulations to promote technological advancement [2] - Yangzhou is targeting the establishment of more provincial laboratories and innovation centers to enhance collaboration between enterprises and research institutions [2] Group 2: Cultural and Tourism Development - Yangzhou leverages its rich cultural heritage, including a 2500-year history, to enhance tourism, with initiatives like the "Grand Canal Cultural Heritage Protection Regulations" [4] - The city has developed various cultural tourism projects, including immersive museums and themed parks, and has hosted over 1000 cultural events in 2024, attracting 119 million visitors, a nearly 20% increase year-on-year [5] - Yangzhou is recognized as a model city for integrating traditional culture with modern development, receiving multiple accolades for its tourism appeal [5] Group 3: Ecological and Livable City Initiatives - Yangzhou is committed to ecological development, with 30% of its area covered by water bodies and a high natural wetland protection rate of 71.5% [7] - The city has implemented comprehensive environmental strategies, including the "One Lake One Policy" approach, to enhance ecological safety and improve urban aesthetics [7] - Yangzhou focuses on improving the quality of life for its residents through various social welfare initiatives, including the establishment of child-friendly streets and senior care communities [8]

Core Viewpoint - The A-share market shows resilience with the Shanghai Composite Index reaching a new high for the year, indicating increased market confidence among major private equity firms [1] Group 1: Market Outlook - Major private equity firms express positive expectations for the overall market direction in the second half of the year, highlighting two key trends: a recovery in market trading sentiment and increased differentiation among enterprises, leading to a focus on scarce growth assets [2] - The Hong Kong stock market is entering a new phase with international capital gradually entering, supported by strong competitiveness and resilience in Chinese manufacturing and trade [2] - The liquidity in both mainland and Hong Kong markets is abundant, with a notable divergence between short-term interest rates of the Hong Kong dollar and the US dollar, suggesting limited downside risk for the market [2][3] Group 2: Investment Strategies - The current market environment is conducive to bottom-up stock selection, with a focus on high-quality companies that have shown resilience during economic cycles [4] - Investment strategies should consider the structural bull market atmosphere, with significant opportunities for sector rotation and mean reversion, emphasizing the importance of matching valuation with fundamentals [4][5] - The technology and innovation sectors are expected to experience increased internal differentiation, while sectors like renewable energy and traditional food and beverage companies may present mean reversion opportunities [5] Group 3: Specific Investment Opportunities - Major private equity firms are focusing on specific investment themes, including AI-driven entertainment platforms, advanced chip manufacturers, and companies with strong supply chain and brand capabilities [6][7] - Emerging growth assets remain a focal point, with a particular interest in sectors benefiting from technological iterations and brand upgrades, such as the AI industry chain and high-end manufacturing [8] - The potential for significant upside exists for leading companies with cyclical growth attributes, especially if the macroeconomic environment continues to improve [8]