2025全球独角兽企业500强榜单昨天（3日）发布。与2024年相比，独角兽企业整体估值大幅增长，中国在数量和估值占比上继续保持全球领先，并在多个重 点赛道领跑全球。 目前，中国独角兽企业数量在先进制造、汽车科技、交通物流、生活服务和文旅传媒五大赛道均居全球首位。 独角兽企业指成立时间10年左右，估值超过10亿美元，拥有独创性、颠覆性技术或难以复制商业模式的企业，是衡量一个国家或地区创新生态和经济发展活 力的重要标志。 统计数据显示，2025年全球独角兽企业500强总估值达39.14万亿元，同比增长超30%，主要集中在美国与中国，中国共有150家企业入选。 从行业看，主要分布在金融科技、信息科技及先进制造等赛道。今年尤其突出的一点是人工智能赛道独角兽企业从20家增加到36家，涨幅达80%。其中，中 国人工智能独角兽企业从2家增加到9家，涨幅达350%。 中国发明协会独角兽创新分会会长 解树江：这几年，国家对独角兽企业的重视程度不断提高，今年又首次将"培育独角兽企业"纳入国家"十五五"规划建 议。同时，民营经济促进法以及科技、产业、金融相关政策的出台与深入实施，为独角兽企业技术突破、规模扩张与全球化发展提供全方 ...

全会审议通过的《中共江苏省委关于制定江苏省国民经济和社会发展第十五个五年规划的建议》， 紧扣习近平总书记和党中央赋予江苏的重大使命任务，深入分析我省发展面临的形势和环境，聚焦事关 江苏发展全局和长远的重点问题，分领域部署"十五五"时期的战略任务和重大举措，明确产业发展、科 技创新、扩大内需、深化改革、对外开放、农村农业、区域发展、文化建设、民生保障、绿色发展、安 全发展等十一个方面的思路和重点工作，这就是未来五年经济社会发展的主攻方向。 发展新质生产力是"十五五"时期的重大战略任务，更是江苏必须扛起的重大责任。习近平总书记强 调，"'十五五'时期，必须把因地制宜发展新质生产力摆在更加突出的战略位置"。江苏肩负着习近平总 书记赋予的"成为发展新质生产力的重要阵地"的重大使命，《建议》就"一中心一基地一枢纽"建设分别 作出专章部署。全省上下要聚焦这一战略重点，推动具有全球影响力的产业科技创新中心建设，强化高 质量科技供给功能；推动具有国际竞争力的先进制造业基地建设，提升科技成果转化落地效能；推动具 有世界聚合力的双向开放枢纽建设，增强生产要素创新性配置能力，筑牢新质生产力发展的坚实支撑。 方向正确、目标明晰、路径 ...

Core Points - The New Zealand Trade and Investment Minister Todd McClay announced the appointment of board members for InvestNZ during a policy launch event in Auckland [1] - InvestNZ aims to provide customized services to international investors, positioning New Zealand as a globally competitive investment destination [3] - The focus is on attracting investment projects ranging from NZD 100 million to NZD 1 billion, prioritizing six key sectors: private infrastructure, renewable energy, data infrastructure, digitalization and AI, technology (including agri-tech, health tech, and space tech), and advanced manufacturing and processing facilities [3] Group 1 - The establishment of InvestNZ is intended to enhance New Zealand's appeal to foreign investors [3] - The targeted investment range is between NZD 100 million and NZD 1 billion, indicating a strategic focus on substantial projects [3] - The six priority sectors for investment highlight New Zealand's commitment to innovation and sustainability [3] Group 2 - The Consul Wang Chengguang from the Auckland Consulate attended the event and engaged in discussions with Charles Finny, the Chairman of the New Zealand Trade and Enterprise [5] - Finny reflected on the significant contributions of the New Zealand-China Free Trade Agreement and its upgrade protocol to bilateral trade cooperation [5] - There is an expectation for progress in the negotiations regarding the negative list for trade services under the agreement [5]

Group 1 - The event "10th Zhitong Finance Capital Market Annual Conference and Listed Company Awards Ceremony" was held in Shenzhen, focusing on the theme "Winning the Hong Kong Stock Surge: Bullish Start for the East 2026" [1] - The Hong Kong stock market has become a global capital focus, with the Hang Seng Index and Hang Seng Tech Index rising over 30% in 2025, and net inflows from southbound funds exceeding 1.2 trillion HKD [1][2] - The total amount raised from Hong Kong IPOs exceeded 230 billion HKD as of November, more than doubling year-on-year, with new consumption, technology, and pharmaceuticals being the main sectors for listings [2] Group 2 - The conference featured prominent speakers, including economists and analysts from Morgan Stanley, DBS Bank, and Industrial Securities, who discussed liquidity trends and valuation opportunities in the Hong Kong stock market [4] - The awards ceremony recognized 231 companies and their management teams across 25 categories, highlighting excellence in governance, innovation, and market resilience [5][6] Group 3 - The award categories included "2025 Golden Hong Kong Stock Award," "Best Hong Kong Stock Connect Company," and "Most Valuable AI Company," among others, showcasing a diverse range of industries from traditional sectors to cutting-edge technologies [8][9][10][11] - The event emphasized the importance of corporate governance and innovation in achieving recognition and success in the capital market [6][35] Group 4 - Future events, including the "Zhitong Finance New Year Strategy Meeting" and the "Third China Overseas Fund Summit," are planned to continue fostering connections between industries and capital markets [35]

Core Viewpoint - Zhejiang's draft policy for promoting high-quality economic development outlines 42 specific measures across eight areas, aiming to enhance innovation, manufacturing, and service sectors while driving consumption upgrades [3][4]. Group 1: Innovation and Technology - The draft emphasizes support for original innovation and key technology breakthroughs, proposing over 400 major technology projects and aiming for at least 80% enterprise participation [4]. - It plans to establish a foundational infrastructure for computing power and data models, targeting a computational scale of 200 EFlops and allocating approximately 500 million yuan for AI vouchers [5]. - The document also highlights the importance of enhancing technology financial support and leveraging social capital for long-term investments in hard technology [6]. Group 2: Advanced Manufacturing - The policy aims to boost the competitiveness of new production capacity industries, offering up to 500,000 yuan in subsidies for individual projects and supporting collaborative innovation across industrial chains [7]. - It sets a target for new medium to long-term loans for manufacturing to exceed 110 billion yuan, with additional support for equipment upgrades and technology transformations [7][8]. - The initiative includes the establishment of 20 future factories and 200 smart factories, along with the creation of provincial industrial data sets [8]. Group 3: Service Sector and Consumption Upgrade - The draft proposes significant efforts to promote consumption upgrades, including the issuance of consumption vouchers and support for over 50 professional market transformations [9]. - It aims to enhance the influence of the "Taste of Zhejiang" brand and plans to host over 200 dining events and more than 250 national-level sports events [9][10]. - The policy also encourages the development of service industry platforms and aims to cultivate around 200 leading service enterprises [10].

出品：新浪财经创投Plus 编辑整理：shu 基于公开数据不完全统计，2025年11月新增登记的私募股权、创业投资基金管理人共11家，同比下降31.3%，环比小幅下降8.3%；新增备案私募股权投资基 金、创业投资基金分别为134只、270只，合计新增404只，与10月相比微增2.5%，较2024年同期上涨29.5%。 募资端加速出清，投资端"量增价减"。11月国内一级股权投资市场共发生614起融资事件，同比、环比分别增长40.5%、34.4%；披露总融资额约为282.27亿 元，较2024年11月和2025年10月显著减少49.0%、34.2%；平均单笔融资额同、环比降幅均在50%以上，规模仅为4597.25万元。 新浪财经创投Plus本月聚焦市场活跃度较高的3家机构，围绕其投资节奏、阶段、行业偏好以及被投项目等方面展开解读。 新基金或为联接基金 北上"双核心"布局明确 结合中国证券投资基金业协会、美国证券交易委员会（SEC）和天眼查公开披露的信息显示，红杉中国成立于2005年，专注投资科技、医疗健康和消费三大 领域。2023年，红杉中国启用新品牌"HongShan"独立运营，随后完成90亿美元募资，包括一支 ...

出品：新浪财经创投Plus 编辑整理：shu 据中国基金业协会数据显示，2025年11月新增登记的私募股权、创业投资基金管理人共11家，同比下降31.3%，环比小幅下降8.3%；月内已注销的私募股 权、创业投资基金管理人共38家，其中超六成为主动注销；新增备案私募股权投资基金、创业投资基金分别为134只、270只，合计新增404只，与10月相比 微增2.5%，较2024年同期上涨29.5%。 募资端加速出清，投资端"量增价减"。基于公开数据不完全统计，11月国内一级股权投资市场共发生614起融资事件，同比、环比分别增长40.5%、34.4%； 披露总融资额约为282.27亿元，较2024年11月和2025年10月显著减少49.0%、34.2%；平均单笔融资额同、环比降幅均在50%以上，规模仅为4597.25万元。 值得关注的是，智能驾驶供应商「卓驭科技」获得中国一汽超36亿元战略投资。交易完成后，一汽将持有卓驭科技35.8%股权，成为最大单一股东，原股东 New Territory持股比例降至34.9%。该笔融资约占本月披露融资总额的12.8%。 从融资阶段分布来看，早期阶段的种子轮、天使轮、Pre-A轮和A ...

Group 1 - The core viewpoint of the news is the release of the "14th Five-Year Plan Standardization Work White Paper" by the Market Supervision Administration of Zhenjiang, highlighting the achievements and practices in standardization over the past five years, emphasizing its role in supporting industrial upgrades [1] - During the "14th Five-Year Plan" period, Zhenjiang has implemented a standardization strategy that has led to breakthroughs in key areas such as advanced manufacturing, modern services, and agricultural innovation, showcasing the "Standardization +" effect [1] - In the advanced manufacturing sector, Zhenjiang has led or participated in the formulation of 442 standards, including 9 international standards, marking a significant transition from following to leading in standardization [1] Group 2 - Zhenjiang's standardization efforts have also permeated social management and public services, exemplified by the successful implementation of the first rural grassroots party building standardization pilot in Jiangsu, which has enhanced the political function and organizational strength of grassroots organizations [2] - In the rural tourism sector, standardization has transformed the experience from "single scenic spots" to "holistic landscapes," with the establishment of a comprehensive service standard system that enhances visitor satisfaction and creates unique rural tourism brands [2] - The white paper indicates that over 2,000 agricultural standards have been promoted and implemented in Zhenjiang, contributing to the development of a full industry chain standard system and the cultivation of notable brands such as "Dingzhuang Grapes" and "Daizhuang Rice" [2]

Financing Overview - A total of 27 financing events occurred in Shanghai this week, with 13 disclosing amounts totaling approximately 1.753 billion yuan [5][10] - The majority of financing events took place in the Pudong New Area, with 12 events, followed by Minhang District with 5 events [5] - The most common financing round was Series A, with 11 occurrences, followed by angel rounds with 8 [7] Company Dynamics - Weike Bio's patent for a detection method based on exogenous DNA insertion mutations was approved on November 5 [3] - DeYin Technology showcased at the Hong Kong Elderly Technology Expo on November 20 [3] - Hejian Technology and CAE Network partnered to establish a PCB design and digital chip simulation collaboration on December 1 [3] Hot Industry Focus - The National Medical Products Administration approved a disposable pressure monitoring cardiac pulsed electric field ablation catheter from Shanghai MicroPort on November 24 [4] - Novartis' innovative drug, Ripretinib tablets, received approval from the National Medical Products Administration on November 26 [4] - Anke Bio's Shanghai Innovation Research Institute and Shanghai Anke Huaze Pharmaceutical officially opened in Zhangjiang on November 27 [4][24] Notable Financing Events - Wunwen Qinqu completed nearly 500 million yuan in Series A+ financing on November 27, led by Zhuhai Technology Group and Futen Capital [13][14] - Hypershell completed 70 million USD in Pre-B and B round financing on November 27, with participation from various investors [16][17] - Kaisi Kedi completed 300 million yuan in Series B financing on November 28, led by Guotou Xiandao [18][19] - Aoyi Technology completed over 100 million yuan in B+++ round financing on November 28, exclusively invested by listed company Redik [20][21] - Kaiwuji completed a 100 million yuan angel round financing on November 26, led by IDG Capital and BlueRun Ventures [22][23] Policy and Regulatory Developments - The Shanghai government introduced 22 measures to support the high-quality development of the biopharmaceutical industry, focusing on innovation and regulatory reforms [25]

Core Insights - The China-Canada Trade and Investment Cooperation Forum was held in Toronto, attended by over 150 representatives from both countries, marking the 55th anniversary of diplomatic relations and the 20th anniversary of strategic partnership [1][2] Group 1: Economic Cooperation - The China Council for the Promotion of International Trade expressed willingness to collaborate with Canadian partners to support the healthy and stable development of economic relations between China and Canada, focusing on expanding trade and investment [1] - Canadian businesses recognize the advancements in China's manufacturing sector and are eager to leverage China's leading advantages in this field [1][2] Group 2: Trade Opportunities - The Canada-China Trade Council highlighted opportunities for collaboration across various sectors, including financial services, resource energy, advanced manufacturing, and agricultural products [2] - The fourth China International Import Expo (CIIE) has over 300 domestic and foreign companies signing exhibition agreements, indicating strong interest in participating in trade events [2]