2月5日，智通财经获悉，峰飞航空科技自主研发的全球首款5吨级eVTOL V5000天际龙亮相，并在峰飞 航空白莲湖低空基地完成转换飞行。标志着峰飞航空天际龙成为全球最大eVTOL、全球首款成功完成 转换飞行和基础性能包线的5吨级eVTOL，有望重新定义低空交通运输的广度和效率，也证明中国企业 在eVTOL这一前沿科技领域已具备引领全球的实力。 据悉，eVTOL产业正处于快速发展期，载荷和航程是衡量效率和价值的重要指标，目前主流产品集中 在1.5-3吨起飞重量、载客4-6人的规模。天际龙首次将eVTOL的起飞重量提升至5吨级，带来更大的载 重和更远的航程：纯电版最大航程250公里，混动版最大航程可达1500公里。客运版可搭载10人，货运 版可实现吨级货物运输，助推大载重航空器向"重型空中平台"的跨越式突破。（智通财经记者 邵冰 燕） 据悉，eVTOL产业正处于快速发展期，载荷和航程是衡量效率和价值的重要指标，目前主流产品集中 在1.5-3吨起飞重量、载客4-6人的规模。天际龙首次将eVTOL的起飞重量提升至5吨级，带来更大的载 重和更远的航程：纯电版最大航程250公里，混动版最大航程可达1500公里。客运版可搭 ...

Core Viewpoint - The approval of the "Modern Capital Urban Circle Spatial Collaborative Planning (2023-2035)" marks a new phase in the coordinated development of the Beijing-Tianjin-Hebei region, aiming to build a world-class urban circle [1] Group 1: Strategic Goals - Tianjin aims to leverage the strategy of promoting coordinated development with Beijing as a primary focus, transitioning from a "defensive" role to a "frontline" position in enhancing its competitiveness [1] - The planning outlines a spatial structure of "one core, two wings, dual cities, multiple points, dual corridors, and multiple circles," emphasizing high-quality development in the Beijing-Tianjin urban relationship [1] Group 2: Industrial Innovation - The planning proposes a "two corridors, four belts" industrial collaborative innovation framework, positioning the "Beijing-Tianjin Corridor" as a hub for intellectual density and open innovation [2] - Tianjin is embedding itself into the innovation network centered around Beijing, accelerating the "Beijing R&D, Tianjin transformation" model, particularly in emerging industries like biomedicine and aerospace [2] Group 3: Transportation Hub - The planning emphasizes the construction of "eight corridors and two rings" for transportation, solidifying Tianjin's role as a maritime gateway and comprehensive transportation hub for the Beijing-Tianjin-Hebei region [2] - The designation of Tianjin as the "Northern International Shipping Core Area" aims to elevate Tianjin Port to a first-class smart and green port, enhancing economic activity through integrated logistics and trade [2] Group 4: Urban Functionality - The planning integrates Tianjin's central urban area and Binhai New Area into the capital urban circle's "functional circle," promoting internal and external functional collaboration [3] - Tianjin is set to enhance public services and business environments, thereby increasing its overall urban capacity and attractiveness [3] Group 5: Action Pathways - Tianjin's "14th Five-Year Plan" outlines a clear action path focused on integrating into the three major "circles" of the capital urban area, enhancing collaborative interfaces in industrial, commuting, and functional spheres [3][4] - The city aims to strengthen its unique advantages by developing a world-class smart green port and modern industrial systems, while also fostering financial services related to aircraft and ship leasing [3] Group 6: Soft Connectivity - The planning encourages "soft connectivity" with Beijing and Hebei in terms of rules, standards, and administrative services, facilitating cross-province operations [4] - The transition from "physical docking" to "institutional integration" is expected to enhance the efficiency of resource allocation within the urban circle [4]

日前，漳州市九龙江闽台润信石化产业基金公开遴选第一批子基金管理机构：为深入贯彻福建省漳 州市《千百亿产业培育行动加护》决策部署，按照市属国企设立基金支持漳州市产业集群工作方 案, 漳州市九龙江闽台润信石化产业基金（以下简称"九龙江母基金"）拟联合社会资本组建设立子 基金，现公开遴选基金管理机构，有关事项公告如下： 公告指出：九龙江母基金立足福建漳州，放眼全国，主要投向漳州市"9+5"产业集群产业领域及 国家战略新兴产业领域项目，重点支持福建省"专精特新"企业，关注漳州市产业招引集聚。具体 行业上，九龙江母基金重点关注新一代信息技术、智能制造、绿色石化与新材料、医疗健康先进产 业群，新一代信息技术重点关注集成电路半导体、数字经济、人工智能领域(包括软件和硬件);智 能制造重点布局新能源汽车及零部件、机器人与数控机床、航空航天领域、新能源及装备领域;绿 色石化与新材料重点关注高端新材料、关键基础性及战略性材料、精细化工领域；医疗健康先关注 医疗器械、生物医药、生物制造及中医药领域等。 据悉，科创子基金定位为九龙江母基金出资设立。科创子基金主要投向新一代信息技术、智能制 造、绿色石化与新材料、医疗健康先进产业群及国 ...

Core Viewpoint - Chinese manufacturers have achieved a significant technological breakthrough in the domestic electric Vertical Take-Off and Landing (eVTOL) aircraft sector with the unveiling of the V5000 Tianji Long, the world's first 5-ton eVTOL capable of conversion flight [2][3] Group 1: Product Launch and Features - The V5000 Tianji Long, developed by Fengfei Aviation Technology, is the first 5-ton eVTOL to successfully complete conversion flight and basic performance envelope [2] - The eVTOL features a family-style composite wing design and an innovative three-surface layout, equipped with 20 fifth-generation lift motors, ensuring safety even in the event of single or dual engine failure [2] - The aircraft demonstrated its capabilities during a public flight, showcasing vertical takeoff, forward conversion to fixed-wing cruise, reverse conversion, and a smooth landing [2] Group 2: Performance Metrics - The V5000 Tianji Long has a maximum range of 250 kilometers for the pure electric version and up to 1500 kilometers for the hybrid version [3] - The passenger version can carry 10 people, while the cargo version can transport ton-level goods, marking a significant advancement towards "heavy aerial platforms" [3] - The introduction of 5-ton eVTOL products is expected to significantly reduce operational costs per seat-kilometer and ton-kilometer, enhancing the economic feasibility of low-altitude travel and transport [3] Group 3: Company Overview and Vision - Founded in 2017, Fengfei Aviation is a leading innovator in vertical transportation technology, focusing on large eVTOL cargo aircraft, six-seat passenger aircraft, and zero-carbon water airports [4] - The company aims to create a comprehensive low-altitude ecosystem solution, encompassing research and development, airworthiness, production, delivery, and operational support [4] - Fengfei Aviation is committed to developing a complete closed-loop system for low-altitude operations, including planning, safety management, flight training, and intelligent scheduling systems [4]

Core Viewpoint - The article discusses the recent trade tensions between the U.S. and Canada regarding the certification of Gulfstream jets, highlighting the complexities of international aviation regulations and the implications for the business jet market [3]. Group 1: Certification Issues - The Canadian Transport Department is collaborating with the FAA to address delays in the approval of certain Gulfstream jet models [4]. - President Trump accused Canada of illegally refusing to certify Gulfstream models 500, 600, 700, and 800, threatening a 50% tariff on Canadian aircraft sold in the U.S. [4][5]. - Without Canadian recognition of FAA certifications, Gulfstream jets cannot be delivered to Canadian buyers or operate in Canadian airspace [4]. Group 2: Regulatory Landscape - Following the Boeing 737 MAX crashes, Canada and the EU have become more cautious and are focusing on their own certification processes rather than relying solely on FAA approvals [7]. - The FAA has granted exemptions for certain Gulfstream models to begin phased deliveries, but Canada has withheld certification due to incomplete fuel system testing [7]. - The article notes that the FAA's approach may be influenced by competitive market dynamics, particularly concerning Bombardier's aircraft [7]. Group 3: Market Dynamics - The business jet market is experiencing a resurgence, with a forecast of 8,500 new jets to be delivered over the next decade, valued at approximately $283 billion [10]. - North America currently holds over 60% of the global business jet fleet and is expected to receive about 70% of new deliveries in the next three years [10]. - Trump's threats have introduced uncertainty into the growing market, affecting ongoing transactions, as noted by industry executives [10][11].

特朗普近期宣布执行金库计划，计划打造一个类似战略石油储备的关键矿产战略储备库，意在为美国打造一个可应急调度、确保产业安全的矿产供应保障体 系。该计划预计将储备60天的稀有矿产，具体包括稀土、锂、钴、镍、锗等材料，这些都是汽车工业、半导体制造以及航空航天等高新技术产业不可或缺的 基础原料。特朗普将这一计划命名为金库计划，名称既包含了金字的象征，又和之前的金穹计划与黄金舰队一脉相承，透露出美国对这些稀有金属的重视。 虽然这个项目看似是为了防范外部威胁，实际上却深藏美国在应对中国稀土管控中的战略调整，目标是从根本上打破对中国稀土的依赖，在中美稀土博弈中 为美国赢得更多主动权。 短期而言，特朗普政府的主要目标是摆脱对中国矿产的依赖，特别是在矿产供应上不再重蹈一年前因供应链中断而陷入困境的覆辙。根据计划，美国将投入 120亿美元，用于建立一个关键矿产的储备库，确保包括稀土、锂、钴、镍等原材料的稳定供应。特朗普明确表示，目的是让美国的企业和工人避免在未来 遭遇类似去年那样因矿产短缺而陷入困境。回顾2025年中美贸易博弈时，中国曾通过限制关键矿产的出口，回应美国的制裁，因此这一计划实际上是要帮助 美国彻底摆脱对中国矿产供应 ...

Group 1 - The V5000 Tianji Long, the world's first 5-ton eVTOL, has been officially unveiled by Fengfei Aviation Technology and has successfully completed transition flight at the Bai Lian Lake low-altitude base [1][3] - The eVTOL industry is currently experiencing rapid development, with payload and range being key indicators of efficiency and value. Most mainstream products are in the 1.5-3 ton takeoff weight range, carrying 4-6 passengers. The Tianji Long elevates the eVTOL takeoff weight to 5 tons, allowing for greater payload and longer range [3] - The pure electric version of the V5000 has a maximum range of 250 kilometers, while the hybrid version can reach up to 1500 kilometers. The passenger version can carry 10 people, and the cargo version can transport ton-level goods [3] Group 2 - eVTOL, or electric vertical takeoff and landing aircraft, is becoming a focal point in the global low-altitude economy and is expected to evolve into a trillion-dollar industry. The emergence of eVTOL indicates new possibilities in urban commuting, cultural tourism, and cargo delivery below 1000 meters [5] - The low-altitude economy has been included in the "14th Five-Year Plan" recommendations, and it is believed that Chinese companies possess the capability to lead globally in the eVTOL technology sector [5]

Core Viewpoint - The growing business jet market is facing uncertainty due to threats from former President Trump regarding aircraft certification and potential tariffs on Canadian-made planes [1][4]. Group 1: Aircraft Certification Issues - The Canadian Transport Department is collaborating with the FAA to address delays in the certification of certain Gulfstream jet models [1]. - Trump accused Canada of "wrongfully, illegally, and stubbornly refusing" to certify Gulfstream models 500, 600, 700, and 800, threatening a 50% tariff on Canadian aircraft sold in the U.S. [1]. - Experts indicate that without Canadian recognition of FAA certifications, Gulfstream aircraft cannot be delivered to Canadian buyers or operate in Canadian airspace [1][2]. Group 2: Regulatory Landscape - Following the Boeing 737 MAX crashes, countries like Canada and the EU are increasingly focusing on their own airworthiness certification capabilities rather than relying solely on FAA approvals [2]. - The FAA has granted exemptions for the G700 and G800 models, allowing phased deliveries until the end of 2026, but Canada has refused certification due to incomplete fuel system testing [2]. - The Chicago Convention mandates that safety is the priority, and the fuel icing tests are critical for engine fuel supply [2]. Group 3: Market Dynamics - The business jet market is recovering, with a forecast of 8,500 new business jets to be delivered over the next decade, valued at approximately $283 billion [3]. - North America currently holds over 60% of the global business jet fleet and is expected to receive about 70% of new deliveries in the next three years [3]. - The demand for orders is stimulated by the U.S. "Big and Beautiful" Act's 100% bonus depreciation policy and the popularity of fractional ownership models [3]. Group 4: Competitive Landscape - Bombardier is a strong competitor to Gulfstream, with its latest ultra-long-range business jets priced around $80 million, often adjusted based on customer specifications [4]. - Trump's threats have created uncertainty in the market, affecting ongoing transactions, such as a deal to sell Bombardier jets to the U.S. [4]. - Legal experts have noted the unprecedented nature of Trump's actions, which could impact the rights of private jet owners protected by the constitution [4].

流动性方面，航空航天ETF盘中换手8.27%，成交2.87亿元。拉长时间看，截至2月4日，航空航天ETF近 1月日均成交7.12亿元。 消息面上，天兵科技官微2月4日宣布，其酒泉卫星测发技术厂房于近日通过预验收评审。这是国内商业 航天首个卫星测发技术厂房。天兵科技表示，酒泉卫星厂房的落地，标志着天兵科技从火箭自研、规模 智造到测试发射的全链路闭环，正式走向工程化应用。未来可将单箭发射效率提升100%，组网成本降 低30%以上，保障每年60次以上的高频发射能力。 截至2026年2月5日 13:33，国证航天航空行业指数(CN5082)成分股方面涨跌互现，北摩高科领涨 10.00%，航发科技上涨4.36%，航材股份上涨2.77%；中国卫星领跌。航空航天ETF(159227)最新报价 1.47元。 浙商证券指出，火箭运力为国内低轨星座建设的中短期瓶颈，未来五年内G60、GW及其他商业计划总 计发射约1.3万颗，假设1箭10星，则对应发射次数则从2025年的54次增长到2030年860次，CAGR约 74%。 航空航天ETF（159227）紧密跟踪国证航天指数，覆盖航空装备、航天装备、卫星导航、新材料等关键 产业链环 ...

Core Viewpoint - The article emphasizes the importance of accelerating the construction of the "Five Centers" in Shanghai during the 14th Five-Year Plan period, highlighting the city's commitment to enhancing its urban capabilities and competitiveness [2]. Group 1: Development of the Five Centers - The Shanghai government report outlines support for industries such as smart connected vehicles, marine economy, low-altitude economy, aerospace, and satellite internet, aiming to cultivate distinctive digital industry clusters and enhance service sector quality [3]. - The report advocates for the synergistic development of the "Five Centers," promoting mutual support and efficient collaboration to amplify overall, platform, and radiation effects [4]. - A representative from the Shanghai Robotics Industry Technology Research Institute suggests that high-quality industrial development requires comprehensive support across the entire supply chain and resource allocation [4]. Group 2: Internationalization and Global Engagement - The article discusses the need for Shanghai to enhance its international presence by participating in the formulation of international rules and strengthening its voice on the global stage, particularly in supporting talent and projects that take on leadership roles in international organizations [5]. - The construction of Shanghai's international shipping center is transitioning from "basically completed" to "fully completed," yet it faces challenges in enhancing its soft power and optimizing the port business environment [6]. Group 3: Recommendations for Shipping and Trade - Suggestions include signing inter-port cooperation agreements with major international ports to promote green and digital shipping corridors, establishing dynamic optimization mechanisms for business content, and enhancing strategic cooperation among friendly ports [7]. - The article highlights the need for innovative port supervision models to support cross-border e-commerce and the integration of shipping trade with digital platforms, focusing on improving digital infrastructure and public service capabilities [8]. - To enhance shipping factor aggregation, the article recommends attracting quality shipping enterprises, supporting existing local companies, and implementing policies to draw back "convenient flag ships" and high-end shipping talents [8].