Core Viewpoint - The concept of "restructuring" has gained unprecedented strategic significance in the context of China's "14th Five-Year Plan," serving as a key driver for high-quality development and the formation of new productive forces in the face of global technological revolutions and industrial transformations [1][2]. Group 1: Strategic Necessity and Urgency of Restructuring - Restructuring is essential for addressing deep-seated developmental contradictions and creating new competitive advantages, as China's previous growth model based on factor input is no longer sustainable [2]. - In 2023, China's R&D expenditure exceeded 3.3 trillion yuan, accounting for 2.64% of GDP, indicating a strong commitment to innovation-driven development, although gaps remain in basic research investment and technology transfer efficiency compared to global leaders [2][3]. Group 2: Cultivating New Productive Forces - New productive forces characterized by high technology, efficiency, and quality are crucial for breaking away from traditional economic growth models, with a focus on significantly enhancing total factor productivity through technological innovation [3]. - Effective restructuring and optimization of new production factors such as knowledge, technology, capital, data, and talent are necessary for the development of future industries and strategic emerging sectors [3]. Group 3: Key Areas for Systematic Restructuring - Restructuring the industrial structure to build a modern, autonomous, and efficient industrial system is the main battlefield, emphasizing high-end, intelligent, and green development [4]. - The focus should be on enhancing strategic emerging industries and establishing a detailed industrial map and technology roadmap, particularly in critical areas like integrated circuits and biomedicine [4]. Group 4: Innovation System and Financial Support - Restructuring the innovation system to facilitate a virtuous cycle between technology, industry, and finance is vital, addressing the long-standing disconnect between academia and industry [5]. - Financial support mechanisms should be improved to encourage investment in hard technology, ensuring that financial resources effectively nurture innovation [5]. Group 5: Regional Economic Layout and Urban-Rural Integration - Restructuring regional economic layouts is essential for promoting urban-rural integration and coordinated regional development, requiring the implementation of various strategic initiatives [6]. - The focus should be on establishing mechanisms for cross-regional cooperation and resource allocation to foster a new pattern of integrated development [6]. Group 6: Role of Think Tanks - Think tanks are crucial for providing strategic insights and solutions for the complex restructuring process, transitioning from mere advisors to active participants in the entire cycle [7][8]. - They should facilitate communication among government, enterprises, academia, and the public to build consensus and support for restructuring initiatives [10].

Group 1 - The core point of the article is that Sitwei (SH 688213) announced the convening of its 10th meeting of the second board of directors on December 5, 2025, to discuss the proposal to cancel the supervisory board and amend the company's articles of association [1] - For the year 2024, Sitwei's revenue composition is entirely from integrated circuits, accounting for 100.0% [1] - As of the time of reporting, Sitwei's market capitalization stands at 37 billion yuan [1]

来源：募格学术 12月2日晚间，半导体巨头豪威集成电路（集团）股份有限公司发布公告称，控股股东虞仁荣拟向宁波 东方理工大学教育基金会无偿捐赠其持有公司的3000万股无限售条件流通股。按12月2日收盘价121.08 元/股计算，此次捐赠的股份市值36.324亿元。 虞仁荣在宁波东方理工大学成立大会上发言 虞仁荣已经多次向宁波东方理工大学教育基金会捐献股份，2023年12月，控股股东虞仁荣的一致行动人 绍兴市韦豪股权投资基金合伙企业（有限合伙）（以下简称"绍兴韦豪"）向宁波东方理工大学教育基金 会无偿捐赠其持有公司1000万股股票。2024年3月份，绍兴韦豪再次向宁波东方理工大学教育基金会无 偿捐赠其持有公司的1500万股股票。2024年10月11日，豪威集团公告称虞仁荣向宁波东方理工大学教育 基金会无偿捐赠其持有公司的2500万股无限售条件流通股，彼时市值28亿元。 虞仁荣在宁波东方理工大学成立大会上发言 据学校官网显示，2020年宁波籍企业家虞仁荣先生发起捐资创校计划，同年10月，成立宁波市虞仁荣教 育基金会作为学校举办者。2025年6月，教育部批复同意设立宁波东方理工大学。11月28日，宁波东方 理工大学正 ...

扩内需、建科创高地、做全国区域联动的表率。 近日，湖南、湖北、江西构成的"中三省"陆续召开了省委全会，并审议通过了各省"十五五"规划建议。 下一个五年，中三省怎么干有了清晰路线图。 第一财经记者梳理发现，扩内需成为中部三省未来五年经济工作的重点任务之一。在回应"长江中游城 市群要做全国区域联动发展的表率"上，中部三省都把区域协同放到了更重要的位置。此外，打造具有 核心竞争力的科技创新高地，也写进了中部三省的"十五五"规划。 过去五年，湖北以前所未有的力度推进科技创新，湖北综合科技创新水平指数和区域创新能力指数均排 名全国第7、中部第1。"预计2025年全省高新技术企业、科技型中小企业将分别达到3.5万家和5万家， 技术合同成交额将突破6000亿元。"湖北省科技厅厅长冯艳飞介绍，面向"十五五"，湖北将增强原始创 新策源功能，建设重大科技基础设施集群、高水平实验室体系，基本建成武汉具有全国影响力的科技创 新中心；推动以企业为主体的产学研协同创新，落实企业研发费用加计扣除等优惠政策，加大政府采购 自主创新产品力度；完善政产学研金服用"北斗七星式"成果转化体系，建强国家技术转移中部中心，推 动更多科技创新成果走向生产 ...

一组数据，见证了过去5年里，浦东实现的跨越式发展： 创新驱动强引擎 新质生产力加速崛起 2024年浦东生产总值达1.78万亿元，比2020年现价增长34%。2025年前三季度生产总值同比增长6%；人均生产总值达4.3万美元；全员劳动生产率达60.6 万元/人；城乡居民人均收入达9.5万元。 聚焦"科技创新策源功能"，浦东以张江科学城为核心，构建多层次创新生态。区财政科技投入占一般公共预算支出比重从2020年3.9%跃升至9.2%，推 动全社会R&D投入年均增长11.2%，14个已建、在建和规划建设的大科学设施初步形成全球领先的光子大装置集群。 打造社会主义现代化建设引领区五年来，上海浦东在制度创新、平台搭建、服务升级上持续发力，织密了一张联通世界的贸易网络，让世界好物"双向 奔赴"。 五年来，以高质量发展为主线，以科技创新为引领，浦东在"引领区意见""综合改革试点实施方案"以及"制度型开放总体方案"的顶层制度安排下，坚定 推动改革任务落地，形成一批首创性改革、引领性开放成果。 加强系统集成改革，构筑开放型经济新优势 以系统集成改革破解发展难题，浦东构建全链条制度供给体系。生物医药领域实施研发用物品进口免办许可 ...

每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 华创证券指出，科创行业在康波周期下的科技竞赛有望继续打开估值上限，政策聚焦卡脖子与未来 产业制高点，重视端侧稳健增长、应用侧ToB商业化落地。从PEG/资本开支视角看，半导体、光学元 件、PCB、集成电路等细分领域具备配置价值。科技板块短期需关注业绩兑现消化静态高估值，中期则 需观察AI能否成为新一轮康波周期的核心驱动。此外，电子、通信设备等高出海占比且高景气的领域 也值得重视，全球视角下中国制造业的产能出海将提升全球竞争力。 科创综指ETF国泰（589630）跟踪的是科创综指（000680），单日涨跌幅达20%，该指数覆盖科创 板几乎所有符合条件的上市公司，市值覆盖率接近100%。科创综指聚焦于半导体、生物医药、高端制 造等"硬科技"产业，行业分布均衡，能够全面反映科创板上市公司的整体表现与成长潜力。 注：如提及个股仅 ...

Core Insights - Shanghai's port throughput has surpassed 50 million TEUs ahead of schedule, indicating strong economic recovery and growth momentum as the city approaches the end of the 14th Five-Year Plan [2] - The city's GDP growth rate for the first three quarters reached 5.5%, outpacing the national average, with significant contributions from strategic emerging industries [3] - Shanghai's retail sales and tourism have shown robust growth, with a notable increase in consumer spending and new business models emerging [4] Economic Performance - Shanghai's economy has shown resilience, with a steady recovery and better-than-expected performance in the first three quarters of the year [2] - The city achieved a record intent transaction amount of $83.49 billion at the recent China International Import Expo, reflecting a 4.4% increase from the previous year [2] - The total number of inbound and outbound passengers at Pudong International Airport exceeded 30 million, marking a 19.8% year-on-year increase [2] Industrial Development - The share of strategic emerging industries in Shanghai's total industrial output has risen to 44.1%, with manufacturing output in key sectors like AI and biomedicine growing by 8.5% [3] - Shanghai is actively exploring non-traditional markets for exports, with significant growth in exports to India (44.2%), Hong Kong (43.5%), and ASEAN (27.6%) [3] Consumer Trends - The total retail sales of consumer goods in Shanghai reached 1.2303 trillion yuan, with a year-on-year growth of 4.3% [4] - Major events and exhibitions have driven consumer engagement, with over 2.55 million tourists during the National Day and Mid-Autumn Festival holidays, reflecting a nearly 20% increase [4] Future Outlook - Shanghai aims to solidify its position as a world-class modern socialist city, focusing on technological innovation and industrial upgrades as it transitions into the 15th Five-Year Plan [5] - The city is committed to playing a leading role in China's modernization efforts, with ongoing projects in the Lingang New Area and the Yangtze River Delta integration [5]

Group 1: Capital Market Development Initiatives - Local governments are increasingly focusing on guiding capital towards technology innovation and emerging industries, reflecting a strategic approach to enhance the role of capital markets in supporting the real economy [1][2][3] - Various regions, including Shaanxi, Guangdong, and Zhejiang, have introduced measures to support the listing and financing of technology-driven enterprises, aiming to create a favorable environment for hard technology companies [2][3] Group 2: Support for Hard Technology Enterprises - Shaanxi's recent measures include 16 initiatives aimed at nurturing potential listing companies and optimizing the listing process for technology firms, emphasizing a mechanism that promotes a virtuous cycle among technology, industry, and finance [2] - The goal is to have over 80% of new listed companies come from the technology innovation sector, with a target of issuing technology innovation bonds exceeding 1 trillion yuan [3] Group 3: Mergers and Acquisitions (M&A) Encouragement - The M&A market has seen increased activity due to supportive policies from both central and local governments, which provide a solid institutional framework for development [4][5] - Local governments are promoting state-owned capital M&A funds, focusing on strategic emerging industries, to enhance resource integration and accelerate the commercialization of new technologies [5] Group 4: Strengthening Corporate Governance - There is a shift in corporate governance from mere compliance to effective substance, with local governments emphasizing the need for improved incentive mechanisms within listed companies [6] - Measures include enhancing cash dividend policies and the role of independent directors, which are expected to elevate the governance standards of listed companies and ensure better returns for shareholders [6]

人民财讯12月5日电，企查查APP显示，近日，摩尔线程全资子公司光速摩方智能科技(杭州)有限责任公 司发生工商变更，注册资本增加至1亿元，增幅为100%。企查查显示，光速摩方智能科技(杭州)有限责 任公司成立于2025年3月，法定代表人为王东，经营范围包含：集成电路设计；集成电路芯片设计及服 务；信息系统集成服务；集成电路销售等。 ...

要真正发挥政府基金的引导效应，要完善对地方基金的考核评价机制，提升对地方 基金股权投资亏损的包容度，用基金总投资收益替代单个项目投资收益，进一步强化地 方基金在支持基础研发、共性技术突破及未来产业发展上的基石作用。 作者：申万宏源研究 杨成长 龚芳 方思元 "十五五"规划建议明确提出建设现代化产业体系，巩固壮大实体经济根基。构建健全、 高效、富有竞争力的产业体系，已成为"十五五"时期各地改革发展的首要任务。地方产业体 系的发展一方面受制于当地资源禀赋及产业结构特征，另一方面也与地方政府的主动招 引、主动布局紧密相关。近年来，各地为推进战略性新兴产业发展，在项目招引、产业政 策及配套服务上进行了大量积极有效的探索，但同时也面临新兴产业跟风布局、重复建设 及过度"内卷"等乱象，部分地区在趋同式产业布局下，不仅没有抢占到新兴、未来产业的发 展高地，反而还丢失了原来传统产业的优势。"十五五"时期，如何更好的瞄准当地产业发展 的方向，最大程度发挥地方政策及政府资金的引导作用，调动社会资本参与当地产业发 展，是各地政府在产业发展上亟需突破的难题。 一、以投带引，打造政府投行招商模式 近年来，各地政府为加大招引新兴产业及优 ...