刚刚过去的7月18日，对资本市场来说，似乎是个"大日子"： 这一天，重磅的中国船舶吸并方案获证监会注册通过； 这一天，首单未盈利科创板公司并购未盈利企业（简称"亏收亏"）重大资产重组也获注册通 过； 这一天，禾元生物成为科创板重启第五套标准后，首单获得注册的公司； 这一天，宇树科技在浙江证监局办理辅导备案，并披露了IPO上市辅导备案报告。 如此集中释放，传递的不仅仅是审核效率的提升，或许更有深意？借用一位资深市场人士的话——不可 能这么巧！ 优质并购重组审核提速，优质硬科技IPO进程提速，科创板包容性进一步凸显。这些信号值得资本市场 各方重视。 两单重大资产重组获注册 公告显示，中国证监会同意中国船舶工业股份有限公司（简称"中国船舶"）吸收合并中国船舶重工股份 有限公司（简称"中国重工"）注册。 重启第五套标准后首单注册出炉 IPO市场也传来积极信号。 7月18日，证监会公告称，同意武汉禾元生物科技股份有限公司（简称"禾元生物"）首次公开发行股票 注册。这也成为科创板重启第五套标准后，首单获得注册的公司。 招股书显示，禾元生物成立于2006年，是一家创新型生物医药企业。公司核心在研产品HY1001（重组 人白 ...

昨天（7月18日），中山大学自贸区综合研究院发布"2024—2025年度中国自由贸易试验区制度创新 指数"，苏州自贸片区位列第十，在全国排名中提高3位，同时位列第五批获批自贸区的第一名。 "中国自由贸易试验区制度创新指数"已连续第十年对外发布，这项成果作为总结自贸试验区制度创 新经验与进一步分析改革方向的系统性研究，为自贸区制度创新政策的落地与创新方向提供了建设性的 意见和建议。此次全国共计57个片区参与评估。在多个细分维度，苏州自贸片区均位列前十，其中金融 创新指数排名全国第六。 一直以来，苏州自贸片区坚持以制度创新为核心任务，累计形成全国全省首创及领先的制度创新成 果240项，13项在全国复制推广，59项在全省复制推广，加速成为全国制度创新最活跃、开放底色最鲜 明、产业优势最突出、创新动能最强劲、营商环境最优越的自贸片区之一。 苏州自贸片区持续营造活跃的金融创新氛围，不断提升区域金融中心高地的辐射力和影响力。国家 外汇管理局支持片区的五项资本项目外汇业务创新试点全面落地，成功开展QDLP对外投资、自贸区版 跨境双向人民币资金池等试点，获批外商投资股权投资企业（QFLP）委托登记权，发行全国首单知识 产权质 ...

盛夏时节，万物并秀。7月16日，第三届中国国际供应链促进博览会在北京启幕。借链博东风，河南与 境外驻京商务机构圆桌交流会在京举办，境外驻京商务机构代表、河南省辖市贸促会代表以及参展豫企 负责人共聚一堂，围绕推动产业链供应链国际合作找机遇、谈想法，凝聚起共赢发展的共识。 企业方面也相当踊跃，洛轴、南阳淅减、博龙等参展企业纷纷亮出核心竞争力，积极接洽国外市场。 圆桌会持续了两个多小时。已过中午12点，大家仍在交流，约定着下一场见面，期待着更多合作。"希 望这次圆桌交流会能够帮河南企业找到更多国际合作伙伴、开拓全球市场。贸促会将进一步发挥联通政 企、融通内外、畅通供需的功能，为推动河南产业'走出去'搭建桥梁、做好服务。"省贸促会相关负责 人说。（记者 王歌） 责任编辑： 路娇 "结合河南优势产业与匈牙利市场需求，二者可以在新能源汽车、现代农业和食品以及生物医药等领域 开展合作，共同促进两地产业经济发展。"匈牙利匈中经济商会秘书长朱·山道尔博士现场"支招"，并邀 请河南组团参加明年在布达佩斯举办的"中国品牌商品（中东欧）展"。 面对远方朋友的诚挚邀请，河南也热烈回应—— "今年9月，河南将举办第十五届中国河南国际投资 ...

Group 1 - The third China International Supply Chain Promotion Expo showcased an innovation chain area focused on intellectual property transformation, highlighting the full chain conversion path from basic research to market feedback [1][2] - The National Intellectual Property Administration set up a booth to display recent advancements in intellectual property protection and a platform for patent activation, facilitating real-time patent information queries and technology demand postings [2][3] - The technology contract transaction volume related to patents in China exceeded 990 billion yuan in 2024, indicating significant progress in patent commercialization and industrialization [2] Group 2 - Companies reported an increase in innovation willingness due to the improved intellectual property ecosystem in China, with specific examples from companies like Mita Vision and AstraZeneca, which are benefiting from enhanced patent protection [3] - The expo served as a platform for companies to find technology partners, with successful case studies presented, such as a high-precision navigation technology collaboration that led to applications in smart driving and bridge monitoring [4] - The China Academy of Sciences showcased a green hydrogen energy solution, emphasizing the integration of research and industry through patent licensing and joint research opportunities [4] Group 3 - China has implemented policies to attract foreign investment, creating a favorable environment for foreign companies to innovate and establish operations in the country [5] - Airbus highlighted its long-standing presence in China, emphasizing the importance of local partnerships and the efficient regulatory environment for aircraft manufacturing [6] - Honeywell expressed its commitment to deepening its presence in China, collaborating with over 100 universities and suppliers to enhance its supply chain [6] Group 4 - The expo addressed challenges in technology transfer, with organizations like WIPO providing resources to assist Chinese companies in expanding internationally [7] - The Shanghai Technology Exchange introduced a new financing model for biopharmaceutical companies, enabling them to leverage their research pipelines as assets for funding [7] - The China Goods Coding Center promoted the adoption of international product coding standards to enhance export compliance and supply chain resilience [8]

宝坻区京津中关村科技城局部纳入天开园范围示意图（资料图）。 本报记者 韩梅 通讯员 陈振 本次纳入天开园的宝坻京津中关村（一期）占地面积3.22平方公里：东至纵三路及开元路，西至朝霞路，南至横三路，北至京哈高速防护绿带南边界。 "未来从宝坻站坐高铁到北京城市副中心站，那就更近了，只需要18分钟。"宝坻区京津中关村科技城管委会副主任韩帅说，宝坻京津中关村（一期）纳入天 开园后，将充分发挥空间位置优势，为北京科技成果提供更好孵化服务。 纳入天开园的宝坻区京津中关村科技城（一期）生机勃发。 产业发展生机勃勃 走进宝坻京津中关村（一期），满眼的绿色扑面而来，纵横交错的绿化带和街心公园随处可见，宽阔整洁的街道和拔地而起的厂房，在绿树掩映中时隐时 现。远处建设项目现场，塔吊林立，施工正酣。协同发展中心、医疗器械园、星网智谷产业园、首信、捷通等多个产业载体鳞次栉比，产业发展生机勃勃。 作为落实京津冀协同发展战略的重要载体平台，宝坻京津中关村也是中关村发展集团股份有限公司在北京以外唯一一个重资产持有的科创园区。 宝坻京津中关村（一期）聚焦汽车零部件、新材料、高端装备制造以及现代服务业"3＋1"的产业定位，引入了包括三一重能、 ...

Group 1 - The A-share IPO market is experiencing a significant recovery, with a total of 55 companies successfully listed and raising 59.504 billion yuan this year, marking an increase in both quantity and fundraising compared to the same period last year [3][4] - The number of IPOs accepted by the three major exchanges has increased by 361% year-on-year, with 180 IPOs accepted this year compared to 39 last year [3][4] - The number of companies that terminated their IPO applications has decreased by approximately 74.68%, with 78 companies withdrawing this year compared to 308 last year [3][4] Group 2 - The North Exchange has become a preferred platform for innovative small and medium-sized enterprises, with 116 out of the 180 newly accepted IPO projects coming from this exchange, accounting for 64.44% [4][5] - The top three industries for A-share IPOs in terms of quantity and fundraising are industrial, technology, and materials, which together account for 86% of the total IPO quantity and 89% of the total fundraising in the first half of the year [5][6] - The A-share IPO market is increasingly focusing on strategic sectors, with a significant number of applications from hard technology fields such as artificial intelligence, robotics, semiconductors, and new energy [5][6] Group 3 - The recent changes in the IPO market reflect a broader trend of deepening reforms in the capital market, with policies aimed at supporting technology-driven enterprises and enhancing market inclusivity [7][8] - The introduction of new listing standards and policies, such as the reactivation of the fifth listing standard for unprofitable companies on the Sci-Tech Innovation Board, is expected to attract more capital towards technology innovation [7][8] - The overall capital market is witnessing a structural improvement, with an increase in long-term funds entering the market, which is expected to enhance market stability and support enterprise growth [8][9]

封面新闻记者 罗石芊 徐湘东 伍雪梅 伍勇 7月18日，2025年凉山彝族火把节重大产业链招商引资项目集中签约仪式在四川西昌举行。现场，凉山州共签约项目83个，总投资额889.81亿元，其中， 26个代表项目上台签约。此次签约项目涵盖钒钛、稀土、航空航天和低空经济、清洁能源、生物医药等10个产业链，将为凉山州构建更具特色优势的现代 化产业体系注入新动能。 从6月25日至7月25日，以"激情火把节•共筑新未来"为主题的2025年凉山彝族火把节重大产业链招商引资活动在凉山开展。为期一个月的活动中，除了重 大产业链招商引资项目集中签约仪式外，还举行了钒钛、航空航天和低空经济、文化旅游3条产业链投资合作机遇发布会。同时，为充分借助火把节关注 度和节日人气，凉山州17县（市）深入开展形式多样的招商系列行动，累计外出招商超百次，推动70个在谈项目落地，完成"每链3项目、每县3项目"签约 目标。 签约仪式 图据主办方 活动现场 图据主办方 凉山州相关负责人表示，这一系列招商活动，全面展示凉山的资源优势、产业基础、投资环境和发展潜力。凉山州将进一步加强产业招商，促进文化与经 济深度融合发展，推动一批项目签约落地。 今年以来， ...

从CAR-T疗法（嵌合抗原受体T细胞免疫疗法）到RNA疗法（包括mRNA、siRNA、环状RNA等），上 海正在逐年积累起细胞与基因治疗（CGT）药物研发制造服务领域的能力。 "过往有很多基因编辑技术，需要将DNA双链完全切断，由于接好的双链可能有约有一半组织需要修 复，因此其效率偏低，且容易产生细胞凋亡和癌细胞扩增的风险。现在，我们原创的碱基编辑技术既不 切断双链，又能同时防止基因编辑做错误位点的编辑，从而实现更精准的治疗。" 日前，沪上科创企业正序生物就自主研发的碱基编辑技术与丹纳赫旗下的思拓凡在"细胞与基因治疗工 艺开发"这一领域达成合作，正序生物首席执行官牟晓盾在合作仪式后告诉第一财经。 牟晓盾称，公司已通过碱基编辑技术在全球范围内已治愈了近20例β-地中海贫血症和镰刀型细胞贫血患 者。谈及科学家团队与CXO（医药研发生产服务外包组织）的合作，牟晓盾表示，思拓凡有丰富的LNP （脂质纳米颗粒）与AAV载体库以及符合国际标准的GMP生产平台，"这使得企业能加速完成碱基编辑 技术下药物的体内递送系统，缩短药物的上市周期。" CGT领域的CXO服务方应如何真正为技术方增效降本？丹纳赫中国首席科学官方焯告诉记 ...

Group 1 - The Sci-Tech Innovation Board (STAR Market) has five listing standards, with the first requiring profitability and a minimum market value of 1 billion yuan [1][9]. - The second standard allows for losses if the company has a market value of at least 1.5 billion yuan and revenue of 200 million yuan in the last year, with over 15% of revenue invested in R&D over the past three years [2][3]. - The third standard requires a market value of 2 billion yuan and revenue of 300 million yuan in the last year, along with a net cash flow of 100 million yuan over the past three years [4][9]. - The fourth standard mandates a market value of 3 billion yuan and revenue of 300 million yuan in the last year, without cash flow requirements [5][6]. - The fifth standard does not require profitability, revenue, or cash flow, but mandates a market value of at least 4 billion yuan and approval for core products by relevant authorities [7][8]. Group 2 - Since the launch of the STAR Market, 20 companies have listed under the fifth standard, all in the biopharmaceutical sector [9]. - The fifth standard's listing has been paused since the second half of 2023 due to a lack of data for assessment, but plans to restart it were announced for June 2025 [10]. - The introduction of seasoned professional institutional investors is a key innovation to help assess companies that are unprofitable and have no revenue [10][11]. Group 3 - The STAR Market emphasizes "hard technology" and only accepts technology companies with significant technical content for listing [16]. - Industries such as real estate, finance, and investment are prohibited from listing on the STAR Market [17][18]. - The STAR Market encourages seven specific industries, including new generation information technology, high-end equipment, new materials, new energy, energy conservation and environmental protection, biomedicine, and other fields aligned with its positioning [19][20][21][22][23]. Group 4 - Companies must meet specific technical requirements to qualify as "hard technology," including R&D investment ratios, R&D personnel ratios, and patent counts [24][25][26]. - Companies can also qualify if they have core technologies recognized by national authorities or have received significant national awards [28]. Group 5 - In addition to industry, performance, and technical requirements, companies must have a sound management structure and no issues with equity [34].

青年创投，即时代之潮。智能浪潮奔涌之际，中国青年创投探索者正不断向世界展现创新活力。每年 夏天，这些探索者相聚在创业邦新青年创投大会，带来技术、投资的最新趋势，也分享他们创投路上 的别样风景。 今年的新青年创投大会于 7月18日在杭州拱墅举办。本次大会由杭州市拱墅区人民政府指导 、 创业 邦主办 、 杭州大运河数智未来城联合主办，汇聚 2025热门赛道"领潮"创业先锋与投资人，携手科 创狠路同行者The North Face（北面）、独家IT合作伙伴腾讯云、数据支持睿兽分析，链接青年科创 力量与城市产业生态，共赴未来新征程。 大会现场 "2025新青年创投榜" 正式揭晓，榜单数据显示 AI正在深度重塑创新生态。今年上榜的30 位青年创业者：他们所创立企业平均成立4年，1/3聚焦人工智能领域，地区集中在北上广、江浙等； 企业平均估值达16亿元，总估值461亿元，50%的企业已步入独角兽或未来独角兽行列；企业平均融 资总额近4亿元，平均融资4次，2025年已有15家企业成功完成最新一轮融资。上榜的40位青年投资 人：72.5%关注智能制造、67.5%关注人工智能；早期和成长期依旧是他们的重点关注阶段，72.5% ...