为深入贯彻落实国家对未来产业创新发展的战略部署，搭建全产业、跨领域、强互动的交流平台，由哈 尔滨工业大学、中国电子信息产业发展研究院共同主办的"未来产业大会"将于2025年12月25日—27日在 哈尔滨工业大学盛大启幕。 本报讯(记者李春莲)当前，全球科技创新进入空前密集活跃期，新一轮科技革命和产业变革正在重构全 球创新版图，未来产业已成为我国培育新质生产力、抢占发展先机的核心赛道。 本次大会以"向新而兴质链未来"为主题，汇聚"政产学研金链服"多方力量，通过1场主论坛、9场平行论 坛、多场小型圆桌论坛及"科技商学之夜"等系列活动，构建"智力研讨—产业融合—创新落地"完整生态 链，助力未来产业创新高地建设。 ...

Core Insights - The 17th New Industrialization Lecture hosted by the China Electronic Information Industry Development Research Institute (CCID) focused on "Industrial Economy 2026: New Starting Point and New Momentum" [1] - The CCID released the "CCID Outlook 2026," which includes 9 comprehensive articles and 12 industry-specific articles, providing an authoritative reference for promoting high-quality industrial economic development in the context of the 14th Five-Year Plan [1] Group 1: Industrial Economic Outlook - The chief researcher of industrial economic operation at CCID, Qiao Baohua, forecasts that by 2026, the industrial economy will continue to develop towards high, new, and green directions, driven by reforms and stable growth policies [1] - Recommendations include solidifying foundations, enhancing supply-demand coordination, promoting integrated development, and improving enterprise services to achieve qualitative and reasonable quantitative growth in the industrial economy [1] Group 2: Industry-Specific Insights - Various industry experts presented their outlooks for 2026, including: - Ma Beibei on the electronic information manufacturing industry [2] - Zhang Hailiang on the raw materials industry [2] - Yin Xunfei on the equipment manufacturing industry [2] - Yu Juan on the consumer goods industry [2] - Li Yiming on future industries [2] - Liu Lichao on the artificial intelligence industry [2] - Zhu Junyu on the low-altitude economy [2]

Core Viewpoint - The report from the China Center for Information Industry Development (CCID) forecasts stable growth in China's industrial economy by 2026, driven by reform measures, advancements in new productivity, and accelerated transformation of traditional industries [1] Group 1: Reform Measures - Reform initiatives are expected to accelerate during the 14th Five-Year Plan period, playing a crucial role in achieving socialist modernization and enhancing strategic advantages in international competition [1] - Policies aimed at counter-cyclical adjustments will help address bottlenecks and strengthen weaknesses in the industrial sector [1] Group 2: Development of New Productivity - Rapid breakthroughs and applications of new technologies, such as artificial intelligence, will drive the high-end, intelligent, and green transformation of industries [1] - The electronic information industry, including integrated circuits and wearable smart devices, is projected to grow quickly, alongside strong growth in the new energy and electric vehicle sectors [1] - Emerging sectors like low-altitude economy and commercial aerospace are also expected to develop rapidly, with advancements in smart robots and humanoid robots contributing to the cultivation of new economic drivers [1] Group 3: Transformation of Traditional Industries - Digital transformation is being deeply integrated into traditional industries such as raw materials, machinery, food, textiles, light industry, and parks, significantly enhancing their levels of intelligence in R&D, manufacturing, and management [1] - Key industries like steel, non-ferrous metals, petrochemicals, and building materials are undergoing comprehensive green transformation across raw materials, energy use, processes, and products, promoting a leap in productivity [1]

Core Points - The meeting emphasized that the year ahead marks the beginning of the "14th Five-Year Plan" and highlighted the need for comprehensive implementation of the spirit of the 20th National Congress of the Communist Party and subsequent plenary sessions [2] - The focus is on achieving high-quality development, stabilizing growth, enhancing innovation, promoting integration, optimizing governance, and preventing risks [2] - The meeting called for the development of a modern industrial system centered on advanced manufacturing and the implementation of key industry growth plans [2] Group 1 - The meeting stressed the importance of stabilizing the industrial foundation and enhancing supply-demand adaptability to promote consumption [2] - It highlighted the need for deep integration of technological and industrial innovation, reinforcing the role of enterprises in innovation [2] - The meeting called for the optimization of industrial and supply chains, including the promotion of domestic orderly transfer of industries [2] Group 2 - The meeting emphasized the need for the digital transformation of manufacturing and the integration of artificial intelligence with manufacturing [2] - It called for the development of high-quality information and communication industries, including the advancement of 6G technology and satellite internet [2] - The meeting underscored the importance of modernizing industry governance and reducing the burden on enterprises by addressing overdue payments [2]

今年前三季度，GDP总量居前十的经济大省表现突出，9个省份增速全部高于或比肩全国平均水平，展 现出强劲的发展动能。总量方面，经济大省也迎来新突破。如江苏GDP首次在前三季度突破10万亿大 关；上海、湖南首次突破4万亿。至此，经济十强省前三季度GDP全部跨入"四万亿俱乐部"，经济大省 的入门门槛再次拉高。 看具体领域，工业方面，前三季度8个经济大省规上工业增加值增速跑赢全国；消费方面，7个省份社会 消费品零售总额增速超过全国；外贸方面，经济十强省贡献了全国超七成的进出口总额。如河南、湖北 的进出口总值同比增速分别达到了18.7%、25.3%；江苏、上海、湖北、河南的出口总值同比增速均在 10%以上。 来源：人民日报海外版 作者：孔德晨 经济大省因具有产业体系完备、市场规模大、辐射能力强等综合优势，在全国经济大盘中一直扮演着重 要角色。2025年临近收官，经济大省继续发挥"顶梁柱"作用，在"稳"的基础上迸发出"进"的动能。近 日，多地陆续出台"十五五"规划建议，经济大省未来怎么干的"路线图"愈加明晰。 挑大梁 "走在前" 中国经济版图中，广东、江苏、山东、浙江、四川、河南、湖北、福建、上海、湖南等10省份，以占全 ...

Core Viewpoint - Economic provinces in China are playing a crucial role in stabilizing the national economy while driving growth, with clear future plans outlined in the "14th Five-Year" proposals [1][2]. Group 1: Economic Performance - The top ten economic provinces contribute nearly 20% of the national area and over 60% of the GDP, acting as a stabilizing force for the national economy [2]. - In the first three quarters of this year, all nine provinces in the top ten recorded GDP growth rates above or on par with the national average, showcasing strong development momentum [2]. - Jiangsu's GDP surpassed 10 trillion yuan for the first time, while Shanghai and Hunan both exceeded 4 trillion yuan, marking a new threshold for the "four trillion club" [2]. Group 2: Future Planning - Five of the ten economic provinces have set ambitious goals to lead in various aspects, such as Guangdong aiming for economic doubling by 2035 and Jiangsu focusing on high-quality development and technological innovation [3]. - Zhejiang plans to achieve significant progress in high-quality development and common prosperity within five years [3]. Group 3: Structural Optimization and New Momentum - Economic provinces are at the forefront of structural optimization and new momentum, with policies promoting the growth of emerging industries like digital economy and artificial intelligence [4]. - Guangdong has released a detailed plan for digital economy development, targeting a core AI industry scale exceeding 440 billion yuan by 2027 [4]. Group 4: Domestic Demand and Investment - Economic provinces are enhancing domestic demand and stabilizing investment through consumption activities and major engineering projects [6]. - Guangdong has allocated an additional 3.5 billion yuan for fiscal policies, while Jiangsu plans to distribute over 400 million yuan in consumption vouchers [7]. Group 5: Reform and Innovation - To further stimulate growth potential, economic provinces are encouraged to focus on breaking regional collaboration barriers and innovating in areas like low-altitude economy [8].

Economic Growth and Development - Guangzhou aims to elevate its economic scale, targeting a GDP of 3.1 trillion yuan by 2024, with an expected GDP increment of 700 billion yuan during the "14th Five-Year Plan" period [1] - The city has maintained a "double trillion, double growth" trend in social retail sales and foreign trade, becoming the third city in China to achieve this milestone [1] - The average annual disposable income growth for urban and rural residents is 5.13% and 6.95% respectively, both exceeding GDP growth [1] Talent and Employment - Guangzhou is implementing the "Million Talents Gather in South Guangdong" initiative, focusing on attracting high-level foreign talent, ranking among the top three in national talent attraction [1] - The city has added 1.634 million new jobs, emphasizing a strategy prioritizing employment [1] Technological Advancements - Guangzhou has made significant strides in technology, with its global ranking in the "Nature Index - Research Cities" rising to 6th, and the "Shenzhen-Hong Kong-Guangzhou" innovation cluster ranking first globally [1] - The city has developed key technologies, including the first domestically built ocean drilling vessel and a new flu drug, showcasing its commitment to national strategic technology [2] Infrastructure and Connectivity - The Nansha area has seen its GDP surpass 230 billion yuan, with a population nearing 1.3 million, attracting over 3,500 Hong Kong and Macau enterprises [2] - Baiyun Airport has become one of China's three comprehensive international aviation hubs, with passenger throughput increasing from 43.77 million in 2020 to 76.37 million by 2024, a growth of 74% [2]

Core Viewpoint - The article emphasizes the critical role of state-owned enterprises (SOEs) in driving technological innovation in China, highlighting the need for improved market valuation and capital support to enhance their innovation capabilities and overall performance [1][2]. Group 1: Strategic Importance and Achievements of SOEs in Technological Innovation - Since the 18th National Congress, China has prioritized innovation as the primary driver of development, with SOEs positioned as the "national team" in technological innovation [2]. - In 2024, strategic emerging industry investments by SOEs surpassed 40% of total investments, with effective invention patents reaching 496,000 [2]. - By 2025, SOEs aim for strategic emerging industries to account for 35% of their revenue, with a focus on future industries like quantum information and controlled nuclear fusion [2]. Group 2: Capital Market Empowerment Mechanisms for Technological Innovation - The capital market provides diversified direct financing to alleviate funding constraints for innovation activities, particularly for SOEs requiring long-term investments [3]. - The market's pricing mechanism can enhance resource allocation by reflecting the technological strength and growth potential of SOEs, which are currently undervalued [3]. - Long-term patient capital, such as pension funds, can stabilize market fluctuations and support SOEs in focusing on long-term innovation investments [4]. Group 3: Valuation Challenges and Causes for SOE Technology Sectors - SOEs, especially those in technology, face a persistent undervaluation in the capital market, with an average price-to-earnings (PE) ratio of 29.8 compared to the market median of 38.6 in 2025 [5][6]. - This undervaluation creates a negative cycle of funding constraints, reduced market recognition, and limited product development opportunities [6]. - The lack of long-term capital and a preference for short-term investments exacerbate the funding challenges faced by SOEs [8]. Group 4: Financial Product Shortages and Value Transmission Issues - There is a significant shortage of financial products focused on SOEs, with only 21 central enterprise-themed ETFs available, of which only 8 focus on technology [9]. - The total scale of technology-focused SOE funds is approximately 9 billion, which is insufficient compared to the total market capitalization of SOE listed companies [11]. - The limited product ecosystem hinders effective capital allocation and prevents sustained inflows of new capital into the SOE technology sector [11]. Group 5: Misalignment in Valuation Logic - The current valuation of technology SOEs relies heavily on traditional financial metrics, which do not adequately capture their long-term strategic value [12]. - The market's focus on short-term growth predictions has led to a mispricing of the inherent value of SOEs, particularly in critical sectors [12]. - There is a need for a systematic update of valuation logic to incorporate the long-term strategic missions of SOEs, ensuring their contributions to national interests are recognized [12]. Group 6: Measures to Enhance SOE Valuation - Strengthening top-level policy guidance is essential to increase the allocation of patient capital to SOEs, addressing their long-term funding needs [14]. - Developing a comprehensive range of thematic financial products can facilitate better market access and investment in SOEs, creating a positive feedback loop [15]. - Improving investor relations and market communication is crucial to reshape perceptions and enhance the understanding of SOEs' long-term value propositions [17].

近年来，江苏省宿迁市坚持以科技创新推动产业创新，出台系列优惠政策扶持企业开发新产品、开拓新市 场，助力传统产业提质焕新、新兴产业加速裂变，推动工业向高端、智能、绿色融合方向发展。图为该市宿 豫区某工厂车间，工人正在智能化生产线上赶制订单产品。 图片来源：视觉中国 "十五五"时期是基本实现社会主义现代化夯实基础、全面发力的关键时期，在基本实现社会主义现代化进程 中具有承前启后的重要地位。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"。因地制宜发展新质生产力，是破解发展不平衡不充分矛盾的必然选择，也是赢得国际竞争 战略主动、实现中国式现代化的必由之路。 破解发展难题、塑造竞争新优势的战略抉择 生产力的发展会受到特定时空条件下的资源禀赋、产业基础、科研条件、生态容量等因素制约。在新质生产 力发展水平上，东部地区凭借创新要素集聚优势持续领先，中西部地区在绿色转型、数字赋能上涌现亮点。 这表明，高质量发展不是平均主义，而是尊重客观差异的协调发展。因地制宜发展新质生产力，通过差异化 路径实现质量变革、效率变革、动力变革，从而确保高质量发展路径的科学性与可持续性。 近年来，我国新 ...

Core Insights - The emphasis on accelerating high-level technological self-reliance and strength is a significant deployment in the "14th Five-Year Plan" proposal, highlighting the importance of financial support for technological innovation [1] Group 1: Financial Support for Technology Enterprises - Financing difficulties for small and medium-sized technology enterprises, especially startups, are a long-standing issue due to high technical barriers, significant upfront investments, long return cycles, and insufficient traditional collateral [1] - The development of technology finance aims to solve the funding challenges faced by technology enterprises, providing comprehensive financial services throughout their lifecycle [1] Group 2: Focused Investment - Financial resources are being directed towards high-tech industries, strategic emerging industries, and future industries, which are key areas for shaping new development momentum and competitive advantages [2] - As of September 2025, the proportion of new technology loans accounted for 30.5% of total new loans, with the loan balance for technology SMEs reaching 3.6 trillion yuan, a year-on-year increase of 22.3%, outpacing the overall loan growth by 15.8 percentage points [2] Group 3: Diverse Financial Channels - Financial institutions are developing specialized products and services such as intellectual property pledge financing and equity-linked loans to cater to the characteristics of technology enterprises [2] - By September 2025, the signed amount for loans related to technological innovation and technological transformation reached 2.6 trillion yuan, with 1.1 trillion yuan disbursed [2] Group 4: Collaborative Ecosystem - A multi-party collaborative technology finance service ecosystem is gradually improving, with banks, insurance, and capital markets working together to create a better development environment for technological innovation [3] - Since the launch of technology insurance, over 10 trillion yuan in risk protection has been provided, supporting 3,600 innovative application projects [3] - By September 2025, 277 entities in the interbank bond market had issued technology innovation bonds totaling 669.1 billion yuan, demonstrating effective risk-sharing and cost reduction [3]