Core Insights - The Chinese government has included four future industries—biomanufacturing, quantum technology, embodied intelligence, and 6G—in this year's work report, highlighting their potential impact on economic development [1][2]. Industry Developments - China has made early advancements in future industries, particularly in embodied intelligence, with companies like Huawei, Tencent, BYD, and UBTECH actively investing in this sector [3][4]. - The concept of embodied intelligence, which integrates physical entities with intelligent decision-making, is gaining traction, especially following its showcase during the Spring Festival Gala [2][3]. - Biomanufacturing is being prioritized across provinces, with significant investments in green biomanufacturing technologies since 2018 [4]. - Quantum technology is also a focus, with platforms like "Kua Fu" demonstrating strong performance metrics and plans for global algorithm competitions [4]. 6G Technology - China has established the world's first 6G outdoor test network, indicating significant progress in this area [5][6]. - The transition from 5G to 6G is expected to drastically reduce download times, with projections suggesting a 1GB movie could download in just 0.03 seconds on a 6G network [6][7]. - Various regions are conducting 6G technology trials, with notable advancements in mobile video transmission and satellite communication networks [7]. Investment Mechanisms - The Chinese government is focusing on establishing a growth mechanism for future industry investments, addressing who invests, where to invest, and how to ensure effective investment [9][10]. - Cities like Shenzhen are implementing policies to facilitate technology innovation loans, with over 570 tech companies receiving a total of 17.2 billion yuan in loans [10]. - A comprehensive investment strategy is being developed to support the entire value chain of future industries, emphasizing the need for patience and long-term capital [12][13].

为深入贯彻江苏省扬州市"人才强市"战略，推动"绿扬金凤计划"与金融资本深度融合，近日，由扬州市 委组织部（人才办）、扬州科教集团联合主办，扬州市新城招商管理有限公司、扬州科创发展有限公司 承办的"绿扬金凤"人才金融路演暨扬州天使科创投资基金项目路演活动在扬州数据产业园成功举办。各 县（市、区）产业招商部门负责人出席活动，生态科技新城各8大招商责任主体单位相关部门负责人以 及高校、金融机构嘉宾等参加活动，共同探讨"人才+金融+产业"的创新生态模式。 扬州科教集团党委副书记段如旭在致辞中表示，"绿扬金凤"计划是扬州招才引智的金字招牌，扬州天使 科创投资基金是推动科技成果转化、助力人才企业腾飞的关键引擎。项目路演活动旨在搭建"人才-资 本-产业"的高效对接平台，让金融"活水"精准浇灌人才创新创业的沃土。 本次路演精选了中科星动力、奈米科技、天卫科技等6个优质项目，项目涵盖了航天航空、具身智能、 半导体、高端装备等多个技术领域。活动过程中，项目团队从技术壁垒、市场前景、融资需求等维度进 行全方位展示，现场反响热烈。金融机构代表对路演项目的"高精尖"属性给予高度评价，并围绕估值模 型、产业化路径等展开深度提问。 扬州天 ...

Core Viewpoint - The article discusses the collaborative efforts of the Putuo District and seven cities in Jiangsu to develop the "Yangtze River Delta Industrial Innovation Belt," emphasizing the importance of innovation and industrial cooperation in driving regional economic growth [1][2]. Group 1: Regional Collaboration - In February, the Putuo District officially partnered with Nanjing, Wuxi, Changzhou, Suzhou, Nantong, Zhenjiang, and Taizhou to enhance the development of the Yangtze River Delta Industrial Innovation Belt [1][2]. - The Putuo District government has been actively visiting these cities to sign cooperation memorandums focused on collaborative innovation [2][3]. Group 2: Industrial Development Strategy - The Putuo District aims to establish a "thousand-hundred-ten" new industrial development system, focusing on cultivating trillion-level industrial clusters in intelligent software and digital health, as well as hundred-billion-level sectors in cybersecurity and digital advertising [4]. - The district is also prioritizing the development of emerging industries such as energy storage and special robots, while fostering collaboration with cities along the Yangtze River Delta [4]. Group 3: Innovation Ecosystem - The Putuo District is initiating "chain alliances" for industrial innovation, which will tailor resources and partnerships for member companies, promoting significant technological innovations and their commercialization [4]. - The district plans to enhance its artificial intelligence industry by leveraging its spatial layout and fostering an ecosystem for AI enterprise incubation [5].

Group 1 - The core viewpoint of the article is that Beijing is implementing a comprehensive set of measures to promote the healthy and high-quality development of the private economy, with a focus on technology innovation and market access [1][2][3] - The city plans to support over 100 key core technology breakthroughs this year, emphasizing the role of private enterprises in technological innovation and participation in national strategic technology tasks [2] - Measures will be taken to eliminate market access barriers for private enterprises, ensuring fair competition and promoting the establishment of a competitive market environment [3][4] Group 2 - Financing challenges faced by private enterprises will be addressed, including extending the term of working capital loans to 10 years to alleviate financial pressure [5][6] - The city aims to enhance credit support for small and micro enterprises, with a focus on first loans, renewals, and credit loans, while also exploring financial technology innovations [5][6] - A new round of efforts will be made to clear overdue payments owed to enterprises, ensuring that debts are settled promptly [6]

Core Points - Suzhou is striving to become the "preferred city for youth entrepreneurship," actively recruiting outstanding young scientific talents globally [1] - The "Suzhou Young Scientist" program will officially launch in 2025, focusing on supporting talents in strategic emerging industries and cutting-edge technology fields [1] - The first list of "Suzhou Young Scientists" will be announced at the 2024 Suzhou International Science and Technology Innovation Conference, with 10 individuals selected [2] Group 1 - The "Suzhou Young Scientist" program offers a one-time pre-tax financial support of 500,000 yuan to selected individuals, who will be recognized as leading talents in innovation and entrepreneurship in Suzhou [1] - In 2024, Suzhou's industrial output value reached 4.7 trillion yuan, providing a solid industrial foundation for young talents [1] - Suzhou ranks fifth in national talent friendliness and has been recognized as one of the most attractive cities for foreign experts for 13 consecutive years [1] Group 2 - Among the first 10 "Suzhou Young Scientists," five are professors from universities and research institutions, while the other five are founders or co-founders of companies, with an average age of 33 [2] - The program aims to encourage the growth of outstanding young talents within Suzhou and attract top talents from outside the city [2] - In addition to financial support, Suzhou will provide facilities, investment, and other services to facilitate the rapid implementation of research projects [2]

Group 1: Technology Innovation as a Core Support - The core argument is that technological innovation is a key variable and a hard support for China's economy to withstand external shocks, especially in the context of ongoing trade tensions with the U.S. [2] - China has been actively opening more R&D parks and promoting AI-driven innovation, showcasing a strong commitment to technological advancement despite external pressures [2][3]. Group 2: Case Studies of Technological Breakthroughs - Huagong Technology has transformed its previously constrained capabilities into a competitive advantage by developing advanced laser cutting technology, achieving the fastest welding speed in the automotive industry at 43 seconds per vehicle [3]. - The company has seen over 60% growth in overseas sales of its laser equipment, achieving full coverage in the European market [3]. - Nanwei Technology has disrupted the market with its nano-microspheres, leading to a 90% price drop in competing foreign products upon its launch [5][6]. Group 3: Policy Support and Ecosystem Development - The Suzhou Industrial Park has played a crucial role in fostering nanotechnology, becoming one of the world's major nanotechnology hubs through strategic investments and policy support [6][7]. - A series of coordinated policies at both central and local levels have been implemented to enhance technological innovation and industrial integration, positioning China to better navigate external challenges [7][8]. Group 4: Emerging Industries and Talent Development - The integration of education and technology is being accelerated, with initiatives like the "Academician Class" at Shenzhen University aimed at fostering early involvement of students in cutting-edge research [10]. - The Yangtze River Delta region is transforming its industrial landscape through collaborative efforts, focusing on high-tech sectors such as biomedicine and new energy vehicles [10][11]. Group 5: Quantum Technology and Future Prospects - GuoDun Quantum Technology is leveraging research from the University of Science and Technology of China to advance quantum computing, aiming to establish a robust quantum technology ecosystem [11]. - The market potential for new technologies and industries in China is significant, with experts suggesting that external pressures may accelerate the shift towards higher-end industrial chains [11].

每经记者 杨建 每经编辑 彭水萍 （一）重要市场新闻 1、4月13日，央行发布了一系列重要数据。据中国人民银行网站消息，初步统计，2025年一季度社会融 资规模增量累计为15.18万亿元，比上年同期多2.37万亿元。2025年3月末社会融资规模存量为422.96万 亿元，同比增长8.4%。3月末，广义货币（M2）余额326.06万亿元，同比增长7%。一季度人民币贷款 增加9.78万亿元，人民币存款增加12.99万亿元。3月末，国家外汇储备余额为3.24万亿美元。 （二）行业掘金 2、据报道，字节跳动正计划开发一款AI智能眼镜，该产品预计将搭载类似豆包大模型的AI功能。消息 人士称，公司已与供应商展开谈判，以确定产品规格、成本及发布时间。去年10月，字节跳动曾推出首 款AI硬件产品Ola Friend耳机，集成豆包大模型，支持语音交互。如今，公司进一步探索AI眼镜领域， 并组建了具备硬件经验的工程师团队，重点解决续航与影像质量等技术难题。若进展顺利，这将成为字 节跳动在AI硬件市场的又一重要布局。 点评：字节跳动积极布局AI硬件领域，背后或许有着更为深远的战略考量。一方面，意在为豆包寻找 更广泛的C端应用场景， ...

将投中网设为"星标⭐"，第一时间收获最新推送 速览投资风口，掌握资本律动。 作者丨 长风 来源丨 东四十条资本 大家好，我是长风。今天给大家带来上周资本市场的专业投研信息。 上周焦点回顾： 新消费赛道，旅游住宿受重视。 3月31日消息，汇智国际旅游正式宣布完成新一轮亿元B+轮融资。本轮融资由沣源资本领投、华山资本跟投，老股东 明裕创投持续加码。同一天，国内智能民宿运营商杭州团家商业运营管理有限公司宣布完成3000万元A轮融资。本轮融资由早行人创业投资（海南）有 限公司独家领投。 硬科技赛道，具身智能亿元融资不断。 上周，具身智能企业千寻智能Spirit AI宣布完成 5.28 亿元人民币 Pre-A 轮融资。本轮融资由阿美风险投资旗 下 Prosperity7 Ventures(P7) 领投，招商局创投、广发信德、靖亚资本、东方富海、华控基金等多家资本深度参与，华发集团、浙江省科创母基金与 上市公司浙江东方在杭州共同发起设立的善富科创子基金战略加持。此外，专注于打造"一脑多形"具身智能机器人的人工智能公司星海图接连完成A2、 A3轮系列融资，总融资额超3亿元人民币，本系列融资由凯辉基金领投，联想创投、海尔资本 ...

Core Insights - Starry Sea has successfully completed A2 and A3 rounds of financing, raising over 300 million RMB, bringing total financing since 2025 to nearly 100 million USD [1][6] - The valuation of Starry Sea's A3 round has doubled compared to the A1 round earlier this year, with ongoing discussions for a new round at a valuation of 5 billion RMB [3][6] - The lead investor, KKR Fund, aims to leverage its global ecosystem resources to accelerate Starry Sea's development in the field of embodied intelligence [3][8] Financing Details - The A2 and A3 rounds were led by KKR Fund, with participation from Lenovo Capital, Haier Capital, and existing investors such as IDG Capital and Hillhouse Capital [5] - The A1 round, completed in February, raised nearly 300 million RMB, led exclusively by Ant Group, with additional investments from existing shareholders [5][6] - Cumulatively, the financing since the angel round in February 2024 has reached approximately 100 million USD [6] Valuation and Growth - Starry Sea's rapid valuation growth is attributed to its comprehensive business lines, including models, entities, and commercialization [6] - The company is recognized for its strong capabilities across the entire supply chain, making it one of the few companies in China with end-to-end AI algorithm capabilities and commercial validation [6] - If the valuation reaches 5 billion RMB, Starry Sea will position itself as a leader in the second tier of the industry, with top-tier companies valued over 10 billion RMB [6] Industry Outlook - KKR Fund expresses confidence in the potential of embodied intelligence in the global market, viewing it as a key pathway to achieving general artificial intelligence [8] - The sector is attracting significant investment, with multiple high-profile funding rounds announced recently, indicating a growing interest in embodied intelligence [8][9] - According to KPMG, the number of financing events in the humanoid robot sub-sector has increased significantly, with projections indicating a market size of 6 trillion RMB by 2050 in China [9]

Core Viewpoint - Qianxun Intelligent has completed a Pre-A round financing of 528 million RMB, indicating strong investor confidence in the company's potential in the embodied intelligence sector [2][3]. Company Overview - Qianxun Intelligent, founded in February 2024 by former CTO Han Fengtang of Lushishi Robotics, has raised over 800 million RMB since its inception [4]. - The company focuses on developing a general model for embodied intelligence, aiming to lead advancements in robotics technology and applications [5]. Recent Developments - The company has showcased its self-developed VLA Spirit v1 prototype, capable of performing complex tasks like folding clothes, which is a significant challenge due to the variability in fabric characteristics [4][5]. - Qianxun Intelligent is set to launch its first commercial humanoid robot, Moz1, which features 26 degrees of freedom and is designed for high performance in speed, precision, and safety [4]. Market Potential - The embodied intelligence industry is experiencing unprecedented investment and growth opportunities, with Goldman Sachs predicting the global humanoid robot market could reach 154 billion USD by 2035 [5]. - As technology matures and supply chains improve, the cost of robotics is expected to decrease, further accelerating commercialization [5]. Investor Insights - Prosperity7 Ventures (P7) expressed strong interest in Qianxun Intelligent's VLA model's generalization capabilities and iteration speed, recognizing its potential to adapt to complex environments and tasks [5][6]. - Angel round investor Dacheng Caizhi highlighted the importance of advancements in manipulation and cognitive capabilities for robots to replace humans in complex tasks, commending Qianxun Intelligent's rapid development [6].