Group 1 - The Shanghai government has launched a "New Consumption Cultivation Action" plan aimed at fostering advanced digital consumption, focusing on the application of technologies like AI, virtual reality, and big data in the consumer sector [1] - The global AI Agent market is projected to grow from $5.1 billion in 2024 to $47.1 billion by 2030, with a compound annual growth rate (CAGR) of 44.8% [2] - The brain-computer interface market is expected to reach $3.3 billion by 2027, with a CAGR of approximately 13.5% [2] Group 2 - The primary application of invasive brain-computer interfaces is anticipated to be in the medical field, particularly for treating severe brain diseases and helping patients regain basic self-care abilities [3] - The low-altitude economy market is projected to reach 3.5 trillion yuan by 2035, with eVTOL (electric vertical takeoff and landing) aircraft being a significant component of this sector [3] - The humanoid robot market is rapidly developing, with various application scenarios including entertainment, educational services, and commercial cleaning [4][5] Group 3 - The demand for professional commercial cleaning robots is significantly higher than that for household cleaning robots, driven by the necessity for daily cleaning in commercial spaces [5] - Companies like Shanghai Qingtian Intelligent Technology Co., Ltd. are expanding their service robots into over 600 cities across 60 countries, covering various industries such as dining, hospitality, and healthcare [5]

Core Insights - The brain-computer interface (BCI) sector is experiencing significant advancements, with various developments in policy, clinical applications, and technology integration [1][4][6] Policy Developments - Sichuan province has launched a comprehensive action plan for brain-computer interface and human-computer interaction industries from 2025 to 2030, aiming to develop multiple BCI products and enhance clinical applications [4][5] - National policies are being introduced to support the development of BCI technology, including quality requirements for medical devices using BCI technology and guidelines for pricing new neuro-related medical services [4][5] Market Potential - The global BCI market is projected to reach $3.3 billion by 2027, with a compound annual growth rate (CAGR) of approximately 13.5% since 2019 [2] - In China, the BCI market is expected to grow to 3.2 billion yuan in 2024, with an annual growth rate of 18.8%, and is forecasted to exceed 5.5 billion yuan by 2027 [3] Clinical Applications - BCI technology is being applied in various medical fields, particularly in treating cognitive and motor disorders, with significant clinical trials underway [6][8] - The first clinical ward for BCI technology has been established at Beijing Tiantan Hospital, focusing on research and clinical trials [6] Technological Integration - Synchron has partnered with Apple to integrate its BCI device with Apple products, allowing users to control devices using only their thoughts [7] - Neuralink's BCI device has received "breakthrough medical device" designation from the FDA, targeting patients with severe neurological conditions [7][8] Future Outlook - The BCI industry is expected to continue evolving, with increasing clinical applications and technological advancements, although challenges related to safety, ethics, and privacy remain [8]

Core Insights - The report emphasizes the importance of discovering investment opportunities with a proactive attitude rather than merely relaying information [1] Macro News Summary - The National Development and Reform Commission is continuously improving policy tools to ensure timely implementation when necessary [4] - The People's Bank of China held a seminar to enhance financial support for the real economy, focusing on technology innovation [4] - China and the ten ASEAN countries have completed negotiations for the China-ASEAN Free Trade Area 3.0 [4] Industry Dynamics - The deployment of IPv6 is being advanced by three departments, with related stocks like Fenghuo Communication and ZTE expected to benefit [5] - The wearable device sector, particularly exoskeleton robots, is gaining attention as commercial applications accelerate, with stocks such as Xiangyu Medical and Jinggong Technology highlighted [5] - Sichuan is expediting the implementation of its first brain-computer interface surgery, indicating promising commercial prospects for related companies like Innovation Medical and Chengyitong [5] Company Focus - Foton Motor is collaborating with Huawei Digital Energy to accelerate the electrification of heavy trucks [6] - Chuangyao Technology is promoting advanced communication technologies to empower smart healthcare, focusing on intelligent healthcare robots [6] - Intercontinental Oil and Gas plans to increase capital in its wholly-owned subsidiary Hong Kong Derui by USD 6.8 million [6] - Jiuhua Tourism intends to raise no more than 500 million yuan through a private placement to invest in projects like passenger cable cars [6] Market Review and Outlook - On May 21, the market experienced a high and then a pullback, with the three major indices showing slight increases. The Shanghai Composite Index rose by 0.21%, the Shenzhen Component Index by 0.44%, and the ChiNext Index by 0.83% [7] - The trading volume in the Shanghai and Shenzhen markets reached 1.17 trillion yuan, an increase of 37.8 billion yuan from the previous trading day [7] - The report anticipates limited upward or downward movement in the A-share market in the short to medium term, with a lack of strong main lines for investment. It suggests focusing on industries with long-term development logic, such as technology growth, high-end manufacturing, and new consumption [7]

DeepSeek的开源，让整个人工智能行业不再苦于"大规模训练对GPU资源的依赖"，AI可用性变得触手可 及。 鸿蒙的开源，在操作系统"双强争霸"的格局中，开出"第三条路"，构建出更为丰富的软件生态。 人类基因组数据的开放共享，让生命科学整体进入分子时代，催生了无数基因技术，带来了医学健康领 域的重大革新。 初步的开源助力我国研发团队对脑电信号的识别能力不断增强。在今年初的国际消费类电子产品展览会 （CES）上，我国无创脑机接口团队与机器人团队合作的脑控机器人已经可以完成倒立、旋转等一连串 舞蹈动作。 但这些还远远不够。在采访中，记者了解到，受限于基础数据的有效挖掘和积累，当前脑机接口能做的 事情还很少。 开源正是打开"未来之门"的金钥匙。开源不仅可以吸引全球研究者一起开发代码，加速技术进步，还可 以有效整合资源，逐渐形成人脑数据的完整"拼图"。 为此，多位专家呼吁，相关部门在推出脑机接口培育政策的同时，营造开源共享生态，建议由政府、科 研机构或行业组织牵头，搭建脑机接口与人工智能一体化开源平台，统一技术标准，整合数据、算法及 软硬件资源，有效规避各地及研究团队的重复建设，加速技术创新与产业协同发展。 （文章 ...

每经记者｜杨建 每经编辑｜彭水萍 2、5月21日，据央视报道，中国科学院金属研究所沈阳材料科学国家研究中心王春阳研究员联合国际团 队近期取得重要突破，利用原位透射电镜技术首次在纳米尺度揭示了无机固态电解质中的软短路一硬短 路转变机制及其背后的析锂动力学，研究成果5月20日发表在《美国化学会会刊》。高性能、高安全性 为固态电池的核心性能优势，符合国家对于动力电池的要求。目前在材料端、电池端以及车企端的共同 发力下，固态电池产业化进程不断推进。 点评：固态电池被称为"下一代电池技术"，成为未来新能源行业技术制高点。近三年，中国在固态电池 领域布局加速，专利申请数量居全球第二，且与日本的差距不断缩小，呈现加速迎头追赶态势。数据显 示，截至2025年5月16日，全球固态电池领域的专利申请已超过4.6万件，其中近30%来自中国。固态电 池率先布局固态电池及相关产业链的厂商有望受益于产业化进程加快。概念股包括海顺新材、国轩高 科、星源材质等。 3、近日，浙大二院联合浙江大学南湖脑机交叉研究院、脑机智能全国重点实验室、生物医学工程与仪 器科学学院成功完成国内首例"闭环脊髓神经接口"植入手术。术后患者下肢运动功能持续显著改善 ...

Group 1: Digital Identity Authentication - The National Network Identity Authentication Public Service Platform, developed by the Ministry of Public Security, can reduce over 20 million identity information leakage risks daily through a dual mechanism of "network number + network certificate" [1] - The market for network identity authentication in China reached 11.72 billion yuan in 2023, with expectations to exceed 30 billion yuan by 2030, maintaining a compound annual growth rate (CAGR) of over 15% [2] - Key demand sectors include finance, government, healthcare, and e-commerce, with finance being the largest segment [2] Group 2: Silicon Carbide (SiC) Industry - Wolfspeed, a global leader in the SiC sector, is preparing to file for bankruptcy due to significant debt issues, despite holding over 60% market share in SiC substrates [3] - The rise of domestic SiC semiconductor companies in China indicates a shift in the semiconductor industry, emphasizing the importance of technological autonomy and market depth [4] Group 3: Environmental Protection Initiatives - The Ministry of Ecology and Environment has released an action plan for the protection and construction of beautiful rivers and lakes, aiming for a 40% completion rate by 2027 [5] - This initiative is seen as a systemic project that impacts livelihood, economy, culture, and international influence, contributing to sustainable development [6] Group 4: Robotics Development - Tesla's CEO Elon Musk announced advancements in the Optimus robot, which can learn tasks by watching YouTube videos, highlighting the potential of the humanoid robot market to reach $5 trillion by 2050 [7] - The year is marked as a pivotal moment for robot mass production, with significant opportunities in optimizing robot performance and commercializing humanoid robots [8] Group 5: Computing Power Infrastructure - The launch of the China Computing Power Platform and Shanghai Computing Power Trading Platform aims to enhance digital economic transformation and is expected to exceed a market size of 40 billion yuan by 2025 [9] - The platform integrates various functionalities to support the national "East Data West Computing" initiative, promoting the development of intelligent computing centers [10] Group 6: Brain-Computer Interface Technology - A significant breakthrough in invasive brain-computer interface technology was achieved with the successful implantation of a "closed-loop spinal nerve interface," improving patient mobility [11] - Continuous advancements in invasive technologies are expected to enhance market recognition and accelerate the commercialization of non-invasive brain-computer interface products [12]

每经记者｜杨建 每经编辑｜彭水萍 （一）重要市场新闻 1、美股三大指数集体收跌，道指跌0.27%，纳指跌0.38%，标普500指数跌0.39%，大型科技股多数下 跌，亚马逊、谷歌跌超1%，苹果、英伟达跌近1%；贵金属板块涨幅居前，Vista黄金涨近18%，科尔黛 伦矿业涨超5%。中概股多数收跌，纳斯达克中国金龙指数跌0.65%，蔚来跌近2%，爱奇艺、小鹏汽车 跌超1%，阿里巴巴涨超1%。 2、国际金价走高，现货黄金涨1.86%，报3289.29美元/盎司；COMEX黄金期货涨1.83%，报3292.60美 元/盎司；COMEX白银期货涨2.32%，报33.26美元/盎司。国际油价微涨，美油主力合约收涨0.18%，报 62.25美元/桶；布伦特原油主力合约涨0.11%，报65.61美元/桶。欧洲三大股指收盘全线上涨，德国DAX 指数涨0.42%报24036.11点，首次站上24000点关口，再创历史新高，法国CAC40指数涨0.75%报7942.42 点，英国富时100指数涨0.94%报8781.12点。 3、据《金融时报》报道，5月20日，新一轮存款降息来袭，包括工行、中行、建行等多家银行纷纷下调 了活期存款 ...

这恐怕是科幻距离现实最近的一次。近日，上海阶梯医疗科技有限公司展示了一段受试者通过植入大脑 的脑机接口设备玩"马里奥赛车"游戏的视频。熟练地通过大脑控制小车避障，受试者的操作速度已经可 以比拟普通人用电脑触屏操作的速度。这一事件受到社会广泛关注。 继脑机接口公司Neuralink之后，今年3月，阶梯医疗成为全球第二家进入临床阶段的侵入式脑机接口公 司，产品有望于2028年上市。脑机接口技术正以惊人的速度突破科学边界，不仅将为医疗提供新的解决 方案、改善人类生活质量，也会对社会结构、经济模式等方面产生深远影响。 面对技术爆发的需求，要以市场为导向驱动脑机接口科技成果应用转化和新质生产力生成，推进完善产 业化、体系化发展途径，推动我国在脑机接口领域实现加速发展。引导高水平高校通过设置交叉学科等 方式，培育高质量复合型人才。构建"政产学研医金介用"协同创新机制，统筹攻关共性技术。鼓励校企 共建高水平科研创新平台，联合承接脑机接口领域重点攻关任务，解决产业化落地难题。带动相关行业 尽快打通技术链、补全人才链，构筑脑机接口产业链高质量发展的可靠底座。 此外，还需构建相应的治理框架。推动脑机接口标准化及标准化组织建设，鼓 ...

Core Viewpoint - Zhejiang University has played a significant role in China's higher education and has produced numerous successful entrepreneurs and investors, particularly in the field of technology and innovation [1][2]. Group 1: "Hangzhou Six Little Dragons" - The "Hangzhou Six Little Dragons" are notable for their focus on "hard technology," including artificial intelligence, robotics, and brain-computer interfaces, aiming to reshape industry logic and break technological barriers [2]. - Zhejiang University has been at the forefront of artificial intelligence since establishing its computer science department in 1978, becoming one of the first universities in China to offer an undergraduate program in AI in 2019 [2][3]. - Founders of several "Hangzhou Six Little Dragons" companies, such as DeepSeek and Cloud Deep Technology, are alumni of Zhejiang University, showcasing the university's influence on entrepreneurship [2][3]. Group 2: Alumni Achievements - As of May 17, 2024, 351 alumni from Zhejiang University hold key positions in 313 listed companies, indicating the university's strong entrepreneurial ecosystem [4][5]. - The "Future Entrepreneurs Cultivation Project," initiated in 1999, has produced 128 startups with a total market value exceeding 100 billion yuan, highlighting the university's commitment to fostering innovation [5]. - Zhejiang University's innovation culture emphasizes the integration of technological and industrial innovation, creating a vibrant ecosystem that supports startups at various growth stages [5]. Group 3: Notable Investors - Notable investors from Zhejiang University include Duan Yongping, known as the "father of industry" and "Chinese Buffett," who has made significant contributions to the tech industry and value investing [6][7]. - Duan Yongping has made substantial donations to Zhejiang University, supporting its development and infrastructure, reflecting his commitment to giving back to his alma mater [7]. - Other prominent investors include Chen Yuemeng, founder of Zhejiang Merchants Venture Capital, and Wang Huai, founder of Linear Capital, both of whom have made significant impacts in their respective fields [8][9][10].

Brain-Computer Interface (BCI) - The Beijing Tiantan Hospital has established a clinical and translational ward for brain-computer interface technology, marking the first clinical application of BCI in China. The ward will conduct clinical trials and promote the transformation of scientific research into practical applications [1] - BCI technology is recognized as a key core technology for human-machine interaction and is being developed in various fields including bionics, medical diagnosis, and consumer electronics. The Ministry of Industry and Information Technology has outlined plans to advance BCI technology and products [1] - McKinsey predicts that the global BCI industry could generate up to $200 billion in economic value over the next 10-20 years [1] IPv6 - The Chinese government has set goals for IPv6 deployment by the end of 2025, aiming for 850 million active users and 1.1 billion IoT IPv6 connections. The share of IPv6 traffic in fixed networks is expected to reach 27%, while mobile networks will exceed 70% [2] - The IPv6 market is expected to grow rapidly, driven by policies, technology, and demand, with significant investment opportunities across the industry chain [3] - By 2025, the global number of IPv6 device connections is projected to exceed 7.5 billion, with China's IPv6+ IoT market expected to surpass 250 billion yuan [3] Genetically Modified Organisms (GMO) - The Beijing Tongzhou International Seed Industry Science and Technology Park will hold a launch event for the "Jingbanxin 1.0" project, focusing on tomato breeding using solid-phase gene chip technology, which has been dominated by foreign companies [3] - The project aims to enhance China's self-sufficiency in seed technology and reduce reliance on foreign technology, addressing high research costs and technological constraints [4] - The gene chip market is in a growth phase, with China expected to become the second-largest market globally by 2030, supported by technological breakthroughs and favorable policies [4] Macro and Industry News - China dominates the global shipping industry, with eight of the top ten ports for cargo and six for container throughput located in the country [5] - Government bond issuance is accelerating, with a 17.7% year-on-year increase in national government fund budget expenditures from January to April [6] - A new high-proportion renewable energy grid control system has been developed in China, addressing the challenge of integrating large-scale renewable energy into the grid [7] - The National Development and Reform Commission plans to enhance policies for consumer goods replacement and large-scale equipment updates, with a focus on fixed asset investment projects in energy and high-tech sectors [7]