Core Insights - The Shanhuwan Valley Innovation Zone has attracted 197 technology companies, showcasing a significant concentration of innovation resources with 3 academicians, 9 national-level talents, and over 260 graduate students contributing to technological advancements [1][3]. Group 1: Innovation Zone Development - The innovation zone is located in the southern part of Chaoyang District and is jointly built by the Chaoyang District government, Beijing University of Technology, and Beijing Enterprises Group [3]. - The zone features a spatial layout of "core area - pilot area - expansion area," leveraging the Beijing University of Technology's campus for original innovation and utilizing the Beikong Science and Technology Park for accelerating technology commercialization [3][4]. Group 2: Strategic Collaborations and Policies - In October 2023, Chaoyang District released support policies for the innovation zone, providing multi-dimensional guarantees in terms of space, funding, and services [4]. - A strategic cooperation agreement was signed among the Chaoyang Park Management Committee, Beijing University of Technology, and Beijing Enterprises Group to clarify the construction path of the pilot area [4]. Group 3: Technology Transfer and Support Services - The innovation zone is exploring a technology transfer model that integrates "three areas linkage" and "one academy one park," establishing a service chain for technology transfer from research teams to technology transfer centers and national university science parks [4]. - A professional "science and technology broker" team has been formed to provide 213 lifecycle services, including office space, resource matching, and policy application [5]. Group 4: Future Growth Projections - By 2025, the innovation zone is expected to add 4 high-tech enterprises and 1 specialized new enterprise, with a target of 15 new high-tech enterprises by 2026, focusing on artificial intelligence and intelligent equipment [6].

1. Report Industry Investment Rating There is no information provided regarding the report's industry investment rating in the given content. 2. Core Viewpoints of the Report - The economic growth rate of Shaanxi Province is above the national average, but its fiscal revenue is under pressure, and there is significant differentiation among cities. The debt burden is at a medium level in the country, and the debt structure is expected to gradually optimize in the future [1]. - The scale and cost of Shaanxi's existing urban investment bonds are at a medium - upper level in the country. The credit quality of the bonds is good, mainly short - to medium - term, and the financing cost is expected to decline [1]. - In the first half of 2025, the issuance of Shaanxi's urban investment bonds showed the characteristics of "stable total volume and negative net financing". The financing end will maintain a tight balance, and the incremental financing space may open up in the future [1]. - The overall debt repayment pressure of Shaanxi's urban investment bonds shows a downward trend in steps, but attention should be paid to the credit risk of some platforms in the third quarter of 2025 [2]. - The secondary market trading activity of Shaanxi's urban investment bonds has room for improvement. The yield has been declining, and the credit spread has been narrowing. It is recommended to be cautious when sinking the credit rating [2]. 3. Summary by Relevant Catalogs 3.1 Shaanxi Province Overview 3.1.1 Economic and Fiscal Perspective - In 2024, Shaanxi's GDP was about 3.55 trillion yuan, with a year - on - year growth rate of 5.30%, higher than the national average. Its per capita GDP was 89,915 yuan, a year - on - year increase of 5.23% [9]. - The general public budget revenue in 2024 was 339.308 billion yuan, ranking 15th in the country, a year - on - year decrease of 1.30%. The budget expenditure increased slightly, and the fiscal self - sufficiency rate decreased by 1.41 pct to 46.50% [14]. - There is significant differentiation in the fiscal strength of cities in Shaanxi. Xi'an has a leading position in fiscal revenue and expenditure, while the fiscal self - sufficiency rates of some cities are less than 25% [20]. - Tax revenue accounts for a relatively high proportion of Shaanxi's general public budget revenue, reaching 93.75% in 2024, but showing a downward trend [26]. 3.1.2 Industrial Layout Perspective - The proportion of the tertiary industry in Shaanxi has gradually exceeded 45% in the past 7 years, while the proportion of the secondary industry has slightly decreased, and the proportion of the primary industry is less than 8%. The economic structure is accelerating its transformation towards a service - led model [32]. - Shaanxi has introduced a series of policies to promote the development of emerging industries, such as the development of the low - altitude manufacturing industry and the digital economy [33]. 3.2 Current Situation of Existing Urban Investment Bonds and Urban Investment Entities in Shaanxi Province 3.2.1 Review of the Changes and Development of Shaanxi's Urban Investment Bonds - The development of urban investment financing in Shaanxi can be traced back to 1992. After several stages of development, the number of urban investment platforms has increased, and debt management has been continuously strengthened [39]. - Since 2018, Shaanxi's debt ratio has shown an upward trend, and the local debt burden has increased. However, the "controlling increment and resolving stock" of urban investment bonds has been effective, and the urban investment debt ratio has decreased in recent years [45]. 3.2.2 Focus on the Current Structure of Existing Bonds - As of July 15, 2025, the balance of Shaanxi's existing urban investment bonds was about 232.748 billion yuan, ranking 12th in the country, and the weighted average coupon rate was about 4.14%, ranking 10th [54]. - In terms of credit rating, AAA and AA+ - rated bonds account for a relatively high proportion. The remaining maturity of bonds is mainly concentrated in the 1 - 3 - year interval, and the bond types are mainly corporate bonds [55]. 3.2.3 Focus on the Current Situation of Urban Investment Entities - As of July 15, 2025, there were 75 urban investment entities in Shaanxi, with 55 having existing bonds. The bond - issuing entities are mainly high - rated municipal and development zone urban investment platforms [63]. - There are 5 urban investment entities with a bond balance of over 10 billion yuan, all with AA+ or above ratings. Xi'an High - tech Holdings Co., Ltd. has the largest balance of existing urban investment bonds [67]. 3.3 Issuance Situation of Shaanxi's Urban Investment Bonds in the Primary Market in the First Half of 2025 - In the first half of 2025, Shaanxi issued urban investment bonds worth 55.725 billion yuan, ranking 12th in the country, and the cumulative net financing was - 109 million yuan. The issuance showed the characteristics of "stable total volume and negative net financing" [69]. - The average coupon rate of bond issuance in the first half of 2025 was 3.01%, significantly lower than the existing coupon rate. It is expected that the financing cost will continue to decline [70]. - In terms of issuance structure, the issuance scale of AAA - rated entities accounted for more than half. The issuance term was mainly 3 - 5 years, and the bond types were mainly corporate bonds and medium - term notes [74]. 3.4 Debt Repayment Situation of Shaanxi's Urban Investment Bonds in the Next 3 Years - The overall debt repayment pressure of Shaanxi's urban investment bonds shows a downward trend in steps, but attention should be paid to the credit risk of some platforms in the third quarter of 2025 [2]. - The overall debt repayment structure is consistent with the structure of existing bonds, mainly corporate bonds and AAA - rated bonds [2]. 3.5 Secondary Market Transaction and Yield Performance of Shaanxi's Urban Investment Bonds - In the first half of 2025, the secondary market trading volume was about 9.5107 billion yuan, and the turnover rate was 62.14%, lower than the national average. The trading activity has room for improvement [2]. - From July 2018 to July 2025, the yield of Shaanxi's urban investment bonds showed a fluctuating downward trend, and the credit spread has narrowed significantly [2]. - The market's expectation of the credit risk of Shaanxi's urban investment bonds has improved, but it is recommended to be cautious when sinking the credit rating [2].

Core Viewpoint - Chengdu is enhancing its business environment through targeted reforms and initiatives aimed at improving service efficiency for enterprises, particularly in the film and technology sectors [1][2][3]. Group 1: Film Industry Initiatives - Chengdu Film City is positioning itself as a "Western Film Fashion Capital" and has implemented the "One Thing for Film Shooting" reform to address the needs of film enterprises regarding approval efficiency and production costs [1][2]. - A comprehensive service station has been established at Chengdu Film City, offering 15 basic services, which has attracted over 500 film companies to settle in the area [2]. - The city has supported nearly 100 projects, including "Drunken Dream" and "From the Red Moon," in completing their project approvals [2]. Group 2: Business-Friendly Policies - Chengdu High-tech Zone has introduced the "No Application, Immediate Enjoyment" policy, allowing companies to easily access financial support by simply confirming their account information [3]. - Out of 286 policy items, 76 have achieved a "No Application, Immediate Enjoyment" status, resulting in a 26.57% exemption rate and disbursing 519 million yuan in industry support funds to over 12,000 companies [3]. Group 3: AI and Digital Innovations - Wuhou District is exploring the integration of AI into government services, including the development of a digital ID for enterprises that facilitates cross-platform applications [4][5]. - A reminder system for expiring business licenses has been implemented, significantly reducing instances of companies failing to renew their licenses on time [5]. Group 4: Credit Regulation Innovations - Xinjin District is innovating its administrative inspection system by implementing a "White, Gray, Black" credit regulation framework, which categorizes enterprises based on their compliance and performance [6]. - The district has established a credit database that generates individual enterprise credit profiles, allowing for tailored regulatory approaches based on their classification [6][7].

中国经济网北京8月4日讯慈星股份（300307）(300307.SZ)1日发布关于公司终止发行股份及支付现金购 买资产并募集配套资金事项的公告。 慈星股份拟通过发行股份及支付现金的方式购买阳顺义科技股份有限公司(以下简称"顺义科技")的75% 股份，并拟向不超过35名特定投资者发行股票募集配套资金(以下简称"本次交易")。慈星股份于2025年 8月1日分别召开第五届董事会第十七次会议和第五届监事会第十七次会议，审议通过了《关于公司终止 发行股份及支付现金购买资产并募集配套资金事项的议案》，同意公司终止本次发行股份及支付现金购 买资产并募集配套资金事项。 慈星股份表示，自筹划本次交易以来，公司严格按照相关法律法规及规范性文件要求，积极组织交易各 相关方推进本次重组工作。但经进行多轮协商和谈判后，公司与本次交易的部分交易对方就部分商业条 款未达成一致意见，为维护公司全体股东长期利益，公司经审慎性考虑，决定终止本次重组事项。 公司6月3日披露《发行股份及支付现金购买资产并募集配套资金预案》，本次交易方案包括发行股份及 支付现金购买资产和募集配套资金两部分。 本次交易上市公司拟通过发行股份及支付现金方式购买标的公司沈 ...

Core Viewpoint - Jiangsu Province has announced 18 high-tech zones and 37 higher education institutions as "Double High Coordination" pilot units, aiming to enhance collaboration between industry and academia for technological innovation and transformation [1] Group 1: Pilot Units - The 18 high-tech zones include Nanjing Gulou, Nanjing Jianye, Wuxi, Jiangyin, Xuzhou, Changzhou, Liyang, Suzhou, Changshu, Nantong, Nantong Beihigh-tech, Lianyungang, Huai'an, Yancheng Environmental Protection, Yangzhou, Zhenjiang, Taizhou Medical, and Suqian [1] - The initiative involves 37 higher education institutions, although specific names are not provided in the document [1] Group 2: Implementation Requirements - The Jiangsu Provincial Science and Technology Department emphasizes the need for pilot high-tech zones and universities to implement the "Implementation Opinions" effectively [1] - Focus areas include the transformation of high-tech zones and comprehensive reforms in universities, with an emphasis on proactive exploration and detailed task specification [1] Group 3: Development Framework - The initiative aims to establish a development framework consisting of "one industry direction, one innovation platform, one leading talent, one transformation fund, and a batch of benchmark projects" [1] - The goal is to accelerate the construction of a mechanism for "organized research + organized transformation" to explore new fields and tracks, thereby enhancing new productive forces [1] Group 4: Strategic Goals - The overarching aim is to provide strong support for building a globally influential industrial technology innovation center [1]

Core Viewpoint - The actual controller and chairman of Shiming Technology, Lu Yong, has been placed under residential surveillance due to matters related to Jiangsu Banbutang Real Estate Co., Ltd, which is a personal issue and unrelated to the company [3][8]. Group 1: Company Overview - Shiming Technology was founded in 2001 and is recognized as a national high-tech enterprise and a national specialized and innovative small giant enterprise [9]. - In 2024, Shiming Technology achieved an operating income of 697 million yuan, representing a year-on-year growth of 2.3% [9]. - The net profit attributable to the parent company for 2024 was 22.62 million yuan, showing a year-on-year increase of 25.61% [9]. Group 2: Shareholder Information - Jiangsu Banbutang Real Estate Co., Ltd was established in July 2018 with a registered capital of 50 million yuan, and its legal representative is Lu Yong [3][6]. - The two shareholders of Jiangsu Banbutang Real Estate Co., Ltd are Qidong City Bayi Real Estate Development Co., Ltd (55% ownership) and Qidong Hongtai Yongxin Real Estate Co., Ltd (45% ownership) [6]. - The actual controller of Jiangsu Banbutang is Qiu Chenjie [6]. Group 3: Management Changes - Lu Yong became the chairman of Shiming Technology in August of the previous year and holds multiple executive positions in various companies [8]. - The change in actual control of Shiming Technology occurred on June 27, 2024, when shares were transferred from former controllers Lü Shiming and Wang Min to Jiangsu Fenghui [9].

本届高交会延续市场化办展理念，规划展览面积达40万平方米，拟邀请来自全球百余个国家和地区的世 界知名科技企业参展参会，全方位展示世界高新技术发展趋势，发布高新技术最新成果，在全球范围内 进行高新技术成果交易、投资与洽谈。 本届高交会面向世界科创成果、国家重大需求方向、未来创新发展前沿，设置国之重器、科技巨头产业 链展区、国际科技成果、省市科技成果展区、科研院所高校与国家重点实验室、生物技术展区、粤科技 展区、人工智能、智能制造、机器人产业链、半导体与集成电路、亚洲算力与数据产业展、3E亚洲消 费电子、低空经济展、清洁能源新能源、跨境电商与汽车电子、市政工程、智慧港口、轨道交通、电力 展、水务与环境、C3未来建筑大会、光储充、电池、储能、电力新能源等多个展区，全方位聚焦各领 域前沿产品技术、科技应用成果、创新解决方案、未来发展方向。 本届高交会将发挥专业展"压舱石"作用，以专业展精准运营，对接世界前沿成果，实现"博中有专、专 题专展"的新突破。其中，低空经济展聚焦低空经济与航天领域，今年将重磅打造五大产业链主题展区 ——低空飞行器制造、低空基础设施、综合支持与飞行保障、低空供应链以及无人系统展区，通过"新 技术 ...

在拓展市场方面，厦门市民营企业发展得也更加坚实，市场主体地位进一步增强。民营企业在积极稳定 欧盟、台湾地区、香港地区等传统市场的同时，不断开拓新兴市场。上半年，民营企业对共建"一带一 路"国家、RCEP成员国、其他金砖国家等进出口均实现两位数增长。(记者吴广宁) 针对外部形势的变化挑战，厦门市商务局积极应对，综合施策，发挥好政策引导作用，深化智慧口岸建 设，深化益企服务，提振企业发展信心。同时，引导企业加大投入，支持企业开拓市场，降低企业融资 和经营成本，进一步强化外贸外经外资联动，加快推进外贸创新发展。 据了解，2025年上半年，厦门市有进出口实绩的外贸企业1.4万家，同比增长7%。其中民营企业进出口 2427.5亿元，增长7.6%，占进出口总值的53.1%，民营企业已成为全市外贸的主力军。 同样，作为引领创新创造的生力军，厦门市民营企业加快推动产业升级，不断提升产品竞争力。上半 年，厦门市民营企业出口高新技术产品116.1亿元，同比增长12%，高于同期全市同类产品出口增速9.3 个百分点。其中出口汽车增长171.1%，电脑及其零部件增长142.2%，集成电路增长61%。同时，在上半 年厦门市出口的境内自主 ...

清华大学、北京大学、香港中文大学、复旦大学、香港科技大学、四川大学、上海大学、中国海洋大学、深圳大学、中国科学院深圳先进技术研究院、深圳 人工智能与机器人研究院等众多高校及科研院所拟邀或意向携前沿技术与应用，与各界精英一道共聚高交会，共同见证世界前沿科技成就、探讨未来创新发 展方向。 （主办方供图） 记者7月29日获悉，即将于11月14-16日举办的第二十七届高交会，目前已报名及接洽中的投资机构意向投资总额超10亿元。 高交会自1999年经国务院批准创办以来，已成功举办二十六届，每年汇聚数以千计的科技精英，已经成为中国高新技术领域对外开放的重要窗口、中国科技 创新企业打造世界级品牌的顶级平台，是真正的世界科技奥林匹克盛会。 第二十七届高交会持续聚焦市场化核心办展理念，规划展览面积达40万平方米，拟邀请来自全球百余个国家和地区的世界知名科技企业参展参会，全方位展 示世界高新技术发展趋势，发布高新技术最新成果，在全球范围内进行高新技术成果交易、投资与洽谈。 中石油、中石化、中海油、中国航天、中广核、中国联通、CEC、中国通号、深圳能源、LG、日立、飞利浦、华为、比亚迪、小米、大疆、格力、创维、 TCL、VIVO、 ...

Core Viewpoint - The China International High-Tech Achievements Fair (referred to as the High-Tech Fair), known as "China's First Technology Exhibition," will be held from November 14 to 16, 2025, in Shenzhen, showcasing advancements in high-tech industries and facilitating global technology transactions [1]. Group 1: Event Overview - The High-Tech Fair has been successfully held for 26 sessions since its inception in 1999, becoming a significant platform for China's high-tech sector and innovation [1]. - The 27th High-Tech Fair will focus on a market-oriented exhibition concept, with an exhibition area planned to reach 400,000 square meters, inviting renowned technology companies from over 100 countries and regions [1]. Group 2: Exhibition Focus - The fair will cover various cutting-edge fields, including national key projects, artificial intelligence, smart manufacturing, robotics, semiconductors, clean energy, and more, showcasing the latest technological achievements and innovative solutions [1]. - Specific exhibition areas will include national key equipment, technology giants' industrial chains, international technology achievements, and sectors like low-altitude economy and data industry [1]. Group 3: Participation and Investment - Over 5,000 well-known companies, including China National Petroleum, China Petroleum & Chemical, Huawei, BYD, and Xiaomi, are expected to participate with significant technological equipment and innovative products [2]. - The total intended investment from participating investment institutions has exceeded 1 billion yuan, covering all stages of capital investment from angel rounds to Pre-A rounds [2].