在国家层面由财政出资1000亿元，在区域基金、子基金层面积极鼓励社会资本参与。 经国务院批准，国家发展改革委、财政部发起设立了国家创业投资引导基金，发挥中央资金引领带动作 用，广泛吸引地方政府、中央企业、金融机构、民间资本等多方参与，形成万亿资金规模，通过投基 金、投企业、投项目，加大对战略性新兴产业和未来产业支持力度，加快培育和发展新质生产力。 白京羽介绍，引导基金将种子期、初创期、早中期企业作为投资重点，支持企业聚焦前沿领域开展原创 性、颠覆性的技术攻关，为企业搭建成果转化的平台和桥梁，促成资本与创新的"双向奔赴"。 白京羽表示，科创企业成长壮大是一场旷日持久的"马拉松"，需要资本的耐心陪伴。引导基金设置20年 存续期，其中10年投资期、10年退出期，这样通过更长久的投资期限，为企业提供长周期的资金供给； 又通过更宽松的退出时限，为企业提供更多的发展空间，用耐心资本陪伴企业"长跑"，培育千行百业 的"小巨人"和"独角兽"。 财政出资1000亿 12月26日，国家创业投资引导基金正式启动运行。这是发展创业投资、壮大耐心资本的重要举措，引导 金融资本投早、投小、投长期、投硬科技。 国家创业投资引导基金采用引导 ...

Core Viewpoint - The National Venture Capital Guidance Fund has been officially launched, aiming to stimulate investment in early-stage innovative enterprises and leverage social capital to support technological innovation [1][2]. Group 1: Fund Structure and Capital - The Guidance Fund is established with a three-tier structure: "Fund Company - Regional Fund - Sub-Fund," with a total fiscal contribution of 100 billion yuan at the national level, expected to mobilize over 1 trillion yuan in social capital [2][7]. - Three regional funds have been set up in the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao Greater Bay Area, with 49 sub-funds and 27 investment projects already signed [2][7]. Group 2: Investment Strategy - The fund focuses on "early, small, and hard technology" investments, targeting high-growth seed, startup, and early-stage innovative SMEs, with at least 70% of investments directed towards these stages [3][4]. - Investment in small enterprises is capped at a valuation of 500 million yuan, with individual investments not exceeding 50 million yuan, ensuring funds reach the grassroots level [3][4]. Group 3: Long-term Commitment - The Guidance Fund has a long-term investment horizon of 20 years, comprising a 10-year investment period and a 10-year exit period, allowing for sustained support of innovative enterprises [5]. - This long-term approach contrasts with traditional venture capital funds, which typically have a lifecycle of 7-10 years, emphasizing a commitment to "long-termism" in sectors like innovative pharmaceuticals [5]. Group 4: Exit Strategy - A diversified exit system has been established to ensure the fund can effectively realize returns, addressing the current reliance on IPOs for exits [6]. - The fund will collaborate with private equity secondary market funds and regional equity markets to broaden exit channels [6]. Group 5: Market Impact - Since the announcement of the Guidance Fund, the venture capital market has shown signs of recovery, with a 9% increase in investment amounts and nearly a 20% increase in investment cases in the first three quarters [7]. - The innovative three-tier structure is designed to maximize the leverage effect of central funds, aiming to attract substantial social capital and create a robust market ecosystem [7][8].

Core Viewpoint - The Guangdong Provincial Financial Management Bureau and nine other departments have jointly issued a work plan aimed at promoting financial services to support the construction of a technology-driven economy in Guangdong by the end of 2027 [1] Group 1: Financial Services Framework - The plan aims to establish a modern financial matrix system that aligns with technological innovation, utilizing various financial instruments such as "base, loan, bond, stock, futures, and government" to provide comprehensive financial services across different stages of enterprise development, including seed, startup, growth, expansion, and maturity [1] - Financial resources will be concentrated in key industries such as integrated circuits, new energy vehicles, low-altitude economy, commercial aerospace, quantum technology, and advanced materials [1] Group 2: Industry Support Initiatives - The plan encourages the cultivation of financial resources to support the "ten-hundred-thousand" initiative, leveraging 50 leading technology enterprises and 100 "chain master" companies to serve 1,000 manufacturing champions and 10,000 specialized and innovative enterprises [1] - It emphasizes the importance of strengthening and supplementing the industrial chain to promote the development of technology-oriented small and medium-sized enterprises [1]

Core Viewpoint - The article discusses the 35th anniversary of the Pudong development and the 5th anniversary of its role as a leading area for socialist modernization, highlighting expert recommendations for future economic and social development in Pudong [1][5]. Group 1: High-Level Reform and Opening Up - Experts suggest that Pudong should focus on targeted reforms in market access, service trade, and overseas investment to convert institutional advantages into high-quality development and competitive advantages in international cooperation [4]. - The emphasis is on activating new momentum for high-quality development through high-level reform and opening up [4]. Group 2: Innovation and Economic Transformation - Recommendations include accelerating the establishment of a vibrant and open innovation ecosystem to achieve breakthroughs in high-level technological self-reliance and new productive forces [4][5]. - Pudong is encouraged to focus on strategic fields such as integrated circuits, life sciences, and artificial intelligence to overcome technological barriers and enhance basic research investment [5][6]. Group 3: Global Resource Allocation - Experts recommend that Pudong play a central role in the new development pattern and domestic-international dual circulation, leveraging its strengths in attracting and exporting resources [4]. Group 4: Urban Governance and Social Development - Suggestions include transitioning urban governance from merely addressing problems to building an institutional ecosystem, enhancing social governance, and innovating public services to promote common prosperity [4]. Group 5: Party Building and Leadership - The importance of strong party building as a means to ensure high-quality development is emphasized, with a call for Pudong to contribute significantly to the modernization of the socialist state and the realization of the Chinese Dream [4].

Core Viewpoint - Keda Guandun Quantum Technology Co., Ltd. announced its entry into the quantum chip design tool sector by developing "Guandun Quantum EDA Software," with an investment of 8.7 million yuan in collaboration with Ququan (Wuhan) Technology Co., Ltd. [2] Group 1: Company Developments - Keda Guandun is expanding its business from quantum communication to quantum computing hardware, marking a strategic shift [2] - The company was founded in May 2009 and is recognized as one of the earliest enterprises in China to engage in the commercialization of quantum information technology [2] - Keda Guandun became the first A-share listed company in the quantum technology sector in July 2020 [3] Group 2: Financial Performance - In the first half of 2025, Keda Guandun's quantum computing business revenue reached 55.96 million yuan, surpassing its quantum communication revenue of 51.74 million yuan for the first time, with a year-on-year growth of 283.92% [4][11] - This revenue growth is attributed to the delivery of superconducting quantum computing systems and core components, as well as the launch of a cloud platform for its self-developed 176-bit quantum computer [4][11] Group 3: Industry Trends - The quantum EDA software sector is heating up as companies aim to accelerate the production cycle of quantum chips [6][12] - McKinsey predicts that quantum computing could generate $2 trillion in economic value by 2035, with China expected to invest over $2 billion in quantum technology by 2024, leading globally [6][12] - Major international players like Keysight Technologies have introduced integrated toolchains to significantly shorten design cycles, while domestic quantum leaders are also entering the market [6][12] Group 4: Competitive Landscape - In the traditional EDA field, three major players—Synopsys, Cadence, and Siemens—dominate over 70% of the market through bundled solutions and long-term service agreements [7][12] - The question remains whether domestic companies can establish a foothold in the new quantum EDA ecosystem with their "quasi-industrial-grade" software [7][13]

Core Viewpoint - The Chinese quantum technology industry is transitioning from academic research to commercial application, with significant advancements in quantum error correction achieved by the team led by Academician Pan Jianwei, laying a crucial foundation for practical quantum computing [1] Group 1: Industry Development - The "14th Five-Year Plan" has established quantum technology as a new economic growth point, indicating a shift in focus from laboratory verification to industrialization [1] - Recent drafts of the "14th Five-Year Plan" from various regions emphasize the layout of the quantum technology industry [1] Group 2: Future Growth Potential - More than five institutions predict that ten quantum technology concept stocks, including Zhongke Shuguang (603019), Huagong Technology (000988), Aerospace Electronics (600879), Guangxun Technology (002281), and Guodun Quantum, will see net profit growth rates exceeding 20% in 2026 and 2027 [1] - According to data from Data Treasure, as of December 22, five of these ten high-growth concept stocks have seen net financing purchases exceeding 100 million yuan since December, specifically Aerospace Electronics, Huagong Technology, Kehua Data (002335), Guangxun Technology, and Guodun Quantum [1]

Group 1 - The core focus of China's economic policy in 2026 will shift towards technological self-reliance and new productivity paradigms, moving away from the traditional real estate and investment-driven growth model [1] - The report emphasizes the importance of integrating resources through a new type of national system, focusing on key technologies such as integrated circuits, industrial mother machines, and high-end instruments, while also planning for future industries like quantum technology and sixth-generation mobile communications [1] - The structural transformation aims to enhance the security of the industrial chain and create a high-quality supply system, fostering a virtuous cycle among technology, industry, and finance to inject long-term growth momentum into the capital market [1] Group 2 - The logic of stimulating domestic demand is undergoing a profound shift, transitioning from physical consumption driven by subsidies for appliances and automobiles to service consumption as the new engine [1] - China's service consumption currently accounts for less than 50%, significantly lower than the nearly 70% in the United States, indicating substantial room for improvement [1] - The aging population is driving the "silver economy," while younger generations prefer experiences and spiritual satisfaction, further reinforcing the structural upward trend in service consumption, supported by intensive policy initiatives [1] Group 3 - The global liquidity environment is expected to improve significantly in 2026, with the Federal Reserve potentially initiating an unexpected rate-cutting cycle due to increasing fiscal pressures and political cycles [2] - The weakening of the US dollar will create favorable conditions for global risk assets, particularly emerging market equities, benefiting both A-shares and Hong Kong stocks [2] - Domestic policies focusing on technology and consumption will provide valuation support, potentially leading to a market value reconstruction trend, with quality growth and high-dividend leaders showing investment value [2]

12月18日晚间，国盾量子（688027.SH）发布公告称，董事长吕品不幸逝世。 公告显示，吕品不持有国盾量子股票，不存在应当履行而未履行的股份锁定承诺。吕品的逝世不会导致董事会成员人数低于法定人数，不会影响董事会的正 常运作。经营管理团队正常履职，国盾量子将根据有关法律法规和《公司章程》的规定，尽快完成董事补选及董事长选举的相关工作，并及时履行信息披露 义务。 12月18日晚间，合肥高新公安分局发布一则警情通报。通报显示，2025年12月18日13时许，该局接报警称，吕某(男，46岁)在望江西路与孔雀台路交口某公 司一办公室内失去意识。接警后，民警立即到场处置。经120现场确认，吕某已无生命体征。经公安机关勘查调查，已排除案件。 经工作人员及媒体多方确认，吕某即为国盾量子董事长吕品。 国盾量子被称为"量子科技第一股"，于2020年7月9日登陆科创板。官网信息显示，国盾量子成立于2009年，技术源自中国科学技术大学，主要从事量子通 信、量子计算、量子精密测量产品的研发、生产、销售并提供相关技术服务。国盾量子由中国电信全资子公司中电信量子集团控股，是全球极少数在量子信 息三大主要方向（量子通信、量子计算、量子测 ...

Company News - Sanhua Intelligent Control expects net profit attributable to shareholders to be between 3.874 billion and 4.649 billion yuan, representing a year-on-year growth of 25%-50% [2] - Yongding Co., Ltd. plans to increase capital and introduce external investors for its subsidiary, Dingxin Optoelectronics, raising a total of 55 million yuan [2] - Ningbo Huaxiang's subsidiary signed a strategic cooperation agreement with Shenzhen Dahuang Robot Technology to enhance collaboration in the development and manufacturing of general humanoid robot dexterous hands [2] - Tongyu Communication's subsidiary plans to introduce investors through capital increase, with a total investment of 10 million yuan [2] - Reader Culture announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of its stock [2] Industry News - Quantum Computing: A significant advancement in quantum error correction was achieved by a team at the University of Science and Technology of China, laying a foundation for practical quantum computers [6] - Commercial Space: The 2025 Third Commercial Space Development Conference will be held on December 24, focusing on national policies and key technology discussions [7] - Hainan Free Trade Zone: The full island closure operation officially started, with Sanya reporting a sales figure of 118 million yuan on the first day [8] - Humanoid Robots: The robot rental market has surpassed 1 billion yuan this year, with expectations to grow to at least 10 billion yuan next year [9] - Semiconductor Equipment: The global semiconductor equipment market is expected to reach 133 billion dollars in 2025, driven by AI-related investments [14]

原标题：四十载相随，共逐量子之光 【40 我与科技日报】 在与《科技日报》相识相知的岁月里，我很庆幸，始终有这支记录、陪伴并鼓舞前行的笔。它不仅是科 研成果的发布台，更是科学思想的扩音器、创新生态的连接器。 《科技日报》也关注着更具战略意义的工程化进程。2017年，本源量子创立，致力于造出中国人自己的 工程化量子计算机。从"本源悟空"量子计算机服务全球百万次任务，到2024年我的团队实现"跨越7公里 的分布式光量子计算"，每一次进展，《科技日报》都以其专业、准确的笔触，第一时间传递给国内外 读者。 更可贵的是，《科技日报》的作用远不止于报道。它真实扮演了"创新链连接器"的角色，为政策制定 者、科研人员和产业界搭建了对话的桥梁。它让创新链条上的各个环节彼此看见，相互理解，共同为量 子科技这棵"创新之树"培植沃土。 如今，量子科技已上升为国家战略。站在新的起点上，我对风雨同舟四十载的《科技日报》充满新的期 待。首先，期望它成为更高瞻远瞩的"战略瞭望塔"，为我国的战略谋划提供多元视角和智库支持。其 次，期望它成为更深入人心的"科学播种机"，继续创新科普形式，生动展现量子技术如何赋能千行百 业、改变社会生活，以此激发 ...