Group 1: Quantum Research and Development - The team led by Academician Guo Guangcan from the University of Science and Technology of China has made significant progress in quantum non-locality research, achieving high-fidelity high-dimensional multi-photon entangled state preparation and observing true high-dimensional many-body non-locality for the first time [1] - This breakthrough fills a gap in the international experimental research field of high-dimensional many-body quantum non-locality and deepens the understanding of the essence of quantum entanglement, providing key technical support for building scalable, high-capacity, and noise-resistant quantum information processing systems [1] Group 2: Quantum Computing Industry - Quantum computing is transitioning from laboratory research to industrial applications, driven by technological breakthroughs, policy support, and market demand, with applications expanding from specialized computing to general computing [2] - The period from 2025 to 2030 is expected to be a golden window for commercialization, potentially reaching a market scale of hundreds of billions of dollars [2] - China's "14th Five-Year Plan" lists quantum technology as a core strategy, with expectations for breakthroughs in quantum communication and optical quantum computing due to policy support and engineering capabilities [2] Group 3: Company Developments - Guo Shun Quantum has launched the world's first cloud platform with potential quantum computing superiority on superconducting quantum routes, assisting China Telecom in integrating "Tianyi Cloud" supercomputing capabilities with 176 qubit superconducting quantum computing capabilities [3] - Keda Guokong is actively monitoring the development of quantum technology and has a stake in Guoyi Quantum, which possesses internationally leading scientific device platforms and higher precision, higher resolution quantum sensors and technologies [3]

明日主题前瞻 1、量子计算 | 据中国科学技术大学新闻，该校郭光灿院士团队在量子非局域性研究方面取得重要进展，该团队在实验上实现了高保真度高维多光子纠缠态 制备，并首次观测到真高维多体非局域性的存在。该工作已于5月30日发表在国际知名期刊《自然通讯》上。这项突破性成果不仅填补了国际高维多体量子 非局域性实验研究领域的空白，更深化了人类对量子纠缠本质的认知，同时为构建可扩展、高容量、抗噪声的量子信息处理系统提供了关键技术支撑。 点评：证券时报指出，量子计算作为下一代信息技术的核心驱动力，正从实验室走向产业化应用。技术突破、政策支持与市场需求共同驱动产业快速发展， 其应用场景从专用计算（如优化问题）向通用计算拓展，推动金融、医药、能源等领域深度变革。量子计算产业正处于"技术驱动向应用牵引"的关键转折 期，2025-2030年将是商业化落地的黄金窗口，有望迈进千亿美元市场规模。中国"十四五"规划将量子科技列为核心战略。凭借政策支持与工程化能力，中 国有望在量子通信、光量子计算等领域实现局部突破。 2、新能源汽车 | 据观察者网，6月3日，工信部等五部门组织开展2025年新能源汽车下乡活动，提出选取一批新能源汽车推广 ...

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has launched a new policy called "Tech Company Special Line" to provide a confidential listing channel and lower the threshold for specialized technology and biotechnology companies, attracting more tech firms to consider listing in Hong Kong [1]. Group 1: Eligibility Criteria - Applicable entities include specialized technology companies (e.g., AI, chips, new energy) and biotechnology companies (e.g., innovative drugs, medical devices), particularly those in early stages or with non-commercialized products [1]. - Core thresholds include industry attributes defined by HKEX under "Specialized Technology" (Chapter 18C) or "Biotechnology" (Chapter 18A), with specific focus on sectors like AI, quantum computing, and innovative drug development [3]. - R&D investment must account for at least 15% of total costs over the past three years for specialized technology, or core products must have passed Phase I clinical trials for biotechnology [3]. Group 2: Self-Assessment Tools - Companies can assess their eligibility by downloading the "18A/18C Qualification Self-Assessment Form" from the HKEX website [4]. Group 3: Confidential Submission Process - The first step involves signing a Non-Disclosure Agreement (NDA) with HKEX to ensure confidentiality of submitted materials [6]. - Companies must submit a "confidential version" of materials, including company profile, financial data, and legal documents, while sensitive details like technology specifics and client lists do not need to be disclosed [7]. - The review phase by HKEX's specialized team will provide feedback within 30 days, focusing on technical feasibility and compliance [8]. Group 4: Exclusive Services of "Tech Company Special Line" - Companies can receive one-on-one guidance from HKEX experts, including interpretations of listing rules and fundraising strategies [9]. - Eligible companies may benefit from a shortened review period of 30 days if they indicate "fast track" during application submission [10]. - Flexible equity design allows founders to retain control through weighted voting rights (WVR) without needing to prove "innovation" [11]. Group 5: Common Pitfalls to Avoid - Companies should avoid vague technical descriptions and instead provide third-party certifications or endorsements [13]. - Transparency in related party transactions is crucial; companies should disclose fair pricing or cut off related business beforehand [15]. - Establishing a robust investor relationship is important, with at least two independent investors managing over 1 billion HKD [18]. Group 6: Post-Listing Compliance - Companies must disclose significant developments in technology commercialization and R&D milestones, while certain national security-related details may be exempted [19]. - Maintaining market capitalization can be supported by quarterly R&D updates and regular communication with analysts [19]. - Companies can utilize a "green channel" for issuing new shares, allowing for expedited approval processes [20]. Group 7: Comparison with Other Markets - The article compares the listing requirements and processes of HKEX with those of A-shares and US markets, highlighting differences in profitability requirements, review periods, valuation levels, and information disclosure pressures [21][23].

来源：中国新闻网 中新社合肥6月3日电 (记者 张俊)记者3日从安徽省量子计算工程研究中心获悉，中国第三代自主超导量 子计算机"本源悟空"自2024年1月6日上线运行以来，已为143个国家和地区的用户完成超50万个量子计 算任务，全球访问量突破2900万次，刷新中国自主量子算力服务规模纪录。 "本源悟空"由本源量子计算科技(合肥)股份有限公司(下称"本源量子")自主研发，其完成的量子计算任 务覆盖领域已从基础科研延伸至流体动力学、生物医药、金融科技等产业场景。数据显示，在"本源悟 空"的境外用户中，美国、加拿大等国家访问频次位居前列，其中美国用户访问量位居第一。 2024年10月，中国科研团队依托"本源悟空"完成全球最大规模量子计算流体动力学仿真。2025年 初，"本源悟空"超导量子算力接入金融量子云实验平台，探索金融领域更高效的问题解决方案。2025年 5月，依托"本源悟空"量子计算机真机，本源量子研究团队推出分子对接预测应用、药物毒性预测应用 和药物相互作用预测应用，为新药研发设计相关环节提供更快捷准确的路径。 安徽省量子计算工程研究中心主任郭国平表示，"本源悟空"的背后是量子芯片设计工业软件、测控系 统 ...

Core Insights - A collaboration between the University of Oxford and University College Cork has successfully demonstrated that the natural material Uranium Telluride (UTe2) possesses intrinsic topological superconductivity, which is crucial for the development of large-scale, fault-tolerant quantum computers [1][2] - Topological superconductors are considered ideal materials to overcome the challenges of quantum decoherence, as they can host new quantum particles called Majorana fermions, which theoretically can store quantum information stably [1] - The research team utilized a novel technique called "Andreev STM" to confirm the topological superconducting state of UTe2, marking a significant advancement in experimental methods for detecting topological surface states [1] Material Significance - UTe2 has been recognized as a candidate for intrinsic topological superconductivity since its discovery in 2019, but this is the first experimental verification of its properties [1][2] - Although Majorana fermions exist in pairs within UTe2 and cannot be isolated, the research provides a method to determine the suitability of materials for quantum computing applications [2] - This study suggests that simpler crystal materials could replace complex and expensive artificial circuits in the synthesis of topological superconductors, offering a more cost-effective solution for next-generation quantum computing [2]

Core Insights - A new powerful technique has been developed by institutions including the University of Oxford and University College Cork, which has experimentally confirmed that the natural material uranium telluride (UTe2) possesses intrinsic topological superconductivity [1] Group 1 - The discovery of topological superconductivity in UTe2 is significant for the selection of core materials for large-scale, fault-tolerant quantum computers [1]

本文来自微信公众号：星海情报局 （ID：junwu2333），作者：星海老局，头图来自：视觉中国 虽然特朗普上台还没到半年，但从节目效果的角度，他这几个月已经远远超过了拜登老师之前的四年。 乱哄哄不成章法的"关税大棒"之后，特老师最近两天又带来了他的最新作品——不仅要冻结全球留学生赴美的签证，甚至还打算吊销中国学生已有的签 证。 面对这种决策，想来想去，也只有一句话可以形容："我做了个违背祖宗的决定。" 外国人才，美国科技的根基 之所以说这是个"违背祖宗的决定"，是因为美国从二战开始到今天的科技优势，很大程度上靠的就是从世界各地跑来美国的人才。 先说几个比较久远的： 给罗斯福写信、劝美国加速研发原子弹的爱因斯坦是德国人，在"曼哈顿工程"里挑大梁的费米是意大利人，搞出"泰勒-乌拉姆构型"氢弹的爱德华·泰勒是 匈牙利人，至于设计了"土星五号"火箭，助力"阿波罗计划"登月的火箭总师冯布劳恩，那更是个人生经验丰富的——人家以前是给纳粹德国造V2导弹的， 至于杨振宁、李政道这两位顶级理论物理学家，那就更不必多说了。 再讲几个比较现代的： 英伟达的创始人黄仁勋、AMD的CEO苏姿丰都是华人，谷歌的创始人之一谢尔盖·布林是 ...

Core Insights - The Chinese-developed quantum chip design industrial software "Benyuan Kunyuan" has completed its fifth technical iteration, overcoming significant technical bottlenecks in large-scale quantum chip design [1] - The software, developed by Benyuan Quantum Technology (Hefei) Co., Ltd., aims for large-scale, high-precision, and automated design processes, achieving a one-stop rapid layout generation for a 72-qubit quantum chip [1] - The latest iteration features a comprehensive upgrade in wiring flexibility, enabling fully automated wiring functions in extreme spatial scenarios and offering various semi-automated wiring tools [1] - Benyuan Quantum has established a robust foundation in the quantum chip field over four years, with the software upgrade facilitating modeling of grid quantities in the millions and numerical calculations of quantum chip parameters [1] Company Developments - Benyuan Quantum has successfully built a self-sufficient superconducting quantum computer manufacturing chain, leveraging China's first quantum chip production line and autonomous industrial equipment [2] - The third-generation self-developed superconducting quantum computer "Benyuan Wukong" has achieved over 28 million global visits [2]

Core Insights - The report analyzes the global coaxial cable market for quantum computing, highlighting the critical role of ultra-low temperature coaxial cables in superconducting quantum computing systems, which must meet extreme low-temperature requirements for high-fidelity signal transmission, low thermal load, and interference resistance [1][7][8] - The market is segmented, with high-end products below 4K priced at $3,000 each, dominated by international manufacturers, while domestic companies like Western Superconducting are gradually overcoming technical barriers through material localization and process innovation [1][2][18] - The demand for coaxial cables is closely linked to the scale of quantum bits, with a practical requirement of approximately 3,100 cables for a 1,000-qubit quantum computer, potentially reduced to 1,100 cables under ideal conditions [1][8] Market Analysis - The ultra-low temperature coaxial cable market exhibits significant stratification, with high-end products priced at $3,000 for 4K and above products priced at $1-2 per meter, indicating a clear differentiation in product offerings [1][18] - The profit margins for 4K below products dominate, with a gross profit of $800-1,200 per cable and a gross margin of 27%-40% [1][8] - The report emphasizes the need for innovation in flexible, photonic multiplexing, and high-density integration to address challenges such as "wiring walls" and cooling limits [1][2][8] Competitive Landscape - International firms like Delft Circuits and CryoCoax monopolize the high-end market, while domestic players like Western Superconducting lead in NbTi and Nb₃Sn wire materials, although innovations in flexible cables still require breakthroughs [2][8] - The future of the industry may see advancements in all-optical wiring and time/frequency division multiplexing technologies, which could enhance transmission efficiency and reduce reliance on traditional coaxial cables [2][8] Technical Challenges - The coaxial cables face significant technical barriers, including low-temperature compatibility, high-frequency stability, low loss and noise, and supply chain constraints [29] - The report identifies the "wiring wall" issue as a limitation for scaling quantum bits, with existing dilution refrigerators struggling to meet the cooling demands of high-density wiring [27][29] Future Outlook - The report anticipates that breakthroughs in flexible cables, fiber optic transmission, and multiplexing technologies will create new opportunities for industry growth [8][29] - The ability to solve the extreme challenges of low-temperature connections will be crucial for advancing quantum system integration capabilities [8][29]

Group 1 - The forum titled "Innovation-Driven: New Opportunities and Challenges in Industrial Investment" was successfully held on May 24, organized by Tsinghua University's Global Private Equity Research Institute [1] - The forum aimed to dissect investment opportunities and challenges in industrial transformation, explore the integration mechanism of industry, academia, and research, and promote the transformation of innovative achievements and the upgrading of strategic emerging industries [3][5] - The research institute unveiled its first book "Hard Tech Innovation Advancement," which summarizes years of observations and thoughts from researchers, presenting rich case studies of entrepreneurial companies in the hard tech field [5] Group 2 - The keynote speeches addressed macroeconomic trends and technological developments, highlighting structural issues in China's economy, such as low contributions from consumption and investment, and over-reliance on the U.S. market for exports [6] - Experts discussed the importance of embodied intelligence as a disruptive industry and its potential to drive the transition from "Made in China" to "Intelligent Manufacturing in China" [7] - The development of quantum computing was emphasized, with a focus on the advantages of cold atoms as a physical carrier for quantum computing, and the need for collaboration among academia, industry, and investment sectors in this field [8] Group 3 - A roundtable discussion focused on the collaborative mechanisms among industry, academia, research, and investment to promote the transformation of scientific and technological achievements [10] - Participants shared experiences and innovative ideas, emphasizing the importance of high-intensity research investment, policy iteration, and the construction of transformation systems [11] - The need for financial institutions to guide funds towards the sci-tech sector was highlighted, with a focus on long-term investment strategies in technology fields [11] Group 4 - The second roundtable discussed investment logic and pain points in industrial upgrading, with insights from various investment professionals [12] - Key areas of focus included the life and health sector, automotive industry, and the aging industry, emphasizing the need for financial innovation and data-driven efficiency improvements [12][13] - Participants expressed their views on investment opportunities for 2025, highlighting the importance of original technology with international potential, vertical applications of AI, and cross-industry collaboration [13]