科技创新是助力实体经济发展的有效途径，而金融是其中不可或缺的一环。近年来，老工业基地辽宁持 续加大金融服务实体经济的保障力度，积极打造创投发展生态。业内人士表示，有效的技术提升、开放 的创投氛围以及耐心的资本培育，都将持续促使投资机构"北上辽宁"。 政策发力助力资本北上 创业投资作为驱动科技创新、激发创新活力的重要力量，既是引导金融活水流向科技型中小企业的重要 渠道，也是促进科技、产业、金融良性循环的关键支撑。 辽宁产业基础雄厚，工业门类齐全，正在加速向高端化、智能化、绿色化转型升级，为各类投资机构提 供了丰富的投资空间。特别是近年来辽宁持续优化金融环境、改善金融生态，为各类投资机构在辽兴业 投资创造良好环境。 "去年9月份推出给予创投机构每家每年最高1000万元的财政资金激励、给予创投人才每年10万元的人才 奖励等支持措施；上线'创投辽宁'股权投融资服务平台，常态化开展'创投辽宁'投融资路演活动，通过 上交所'星企航'、深交所'科融通'平台向全国投资者推送优质企业。"辽宁省地方金融管理局副局长战巍 说。 在多重举措和政策红利的叠加下，投资机构对辽宁的投资热情被激发。据战巍介绍，目前来看，投资机 构对辽宁的关 ...

文：韦亚军 建立国资并购基金矩阵… 近日，上海市投资促进工作领导小组办公室印发《关于强服务优环境进一步打响"投资上海"品牌的若干举措》，其中提到，"加强金融资源高效供给，建 立国资并购基金矩阵，设立总规模500亿元产业转型升级二期基金"。 据悉，产业转型升级二期基金将重点加大对战略性项目和产业链关键环节的投资力度包括但不限于集成电路、人工智能、生物医药、高端制造等领域。这 些领域都是当前全球科技创新的热点，也是上海产业发展的重点方向。 以集成电路产业为例，上海作为我国集成电路产业的重要基地，已经形成了较为完整的产业链。但是与国际先进水平相比，仍存在一定的差距。通过设立 专项基金，可以进一步加大对集成电路设计、制造、封装测试等环节的投入，推动产业技术水平的提升，增强产业的自主可控能力。 为了确保基金的高效运作和良好效果，上海在基金的运作机制上也进行了大胆的创新。基金将采用"长期资本＋并购整合＋资源协同"的创新机制，通过长 期资本的投入，为企业提供稳定的资金支持；通过并购整合，推动产业资源的优化配置，提升产业的集中度；通过资源协同，促进产业链上下游企业的合 作，形成产业发展的合力。 此外，《若干举措》还发布了AI ...

Group 1 - The overall market sentiment among prominent private equity firms is optimistic for the second half of the year, contrasting with previous years' cautious outlooks [2] - The average daily trading volume in A-shares has increased to over 1.3 trillion yuan, significantly higher than the 1.2 trillion yuan in the second half of last year and 860 billion yuan in the first half of last year, indicating improved market activity and a positive profit effect [2] - Investment opportunities are expanding beyond new consumption and innovative pharmaceuticals to include technology and cyclical industries, with a focus on AI, domestic semiconductor equipment, and high-end manufacturing [2] Group 2 - The external environment remains challenging, but the Chinese capital market shows resilience, with both A-shares and Hong Kong stocks performing well amid geopolitical tensions and monetary policy uncertainties [3] - Economic demand is currently low, but there are structural highlights in various industries, and liquidity has improved following tariff impacts, leading to a "structural bull" market in A-shares and Hong Kong stocks [3] - The government is addressing negative impacts from excessive competition in certain industries, which may present future investment opportunities [3] Group 3 - The liquidity in both mainland China and Hong Kong markets is abundant, with a historical divergence in short-term interest rates between the Hong Kong dollar and the US dollar, suggesting limited downside risk for the market [4] - The market has seen a resurgence in IPO activity and record-high average daily trading volumes, indicating a wealth of opportunities, particularly in technology innovation and globally competitive industries [4] - There is a focus on identifying investment opportunities in leading companies that remain unaffected by short-term shocks, as the overall industry trends are still in their early stages [4]

Core Viewpoint - The article highlights the significant growth and investment opportunities in China's Science and Technology Innovation Board (STAR Market), particularly through the newly launched STAR Composite Index and its price index, which reflect the performance of hard technology companies in the market [1][2]. Group 1: Market Overview - Since its inception in 2019, the STAR Market has attracted 588 hard technology companies with a total market capitalization exceeding 8 trillion yuan, becoming a focal point for capital market investment [1]. - The proportion of public funds allocated to the STAR Market has reached a new high, indicating a strong trend towards investing in technology chains [1]. Group 2: STAR Composite Index - The STAR Composite Index, launched on January 20, 2025, aims to provide a comprehensive view of the STAR Market by including all eligible listed companies, thus reflecting the overall market performance [1][2]. - The index covers 570 samples, achieving a market capitalization coverage of 97% within the STAR Market, making it a strong representative of the market [3]. Group 3: Industry Distribution and Performance - The STAR Composite Index encompasses 16 primary industries, mirroring the overall industry distribution of the STAR Market, with a focus on semiconductor and high-end manufacturing sectors [4]. - The index has shown a return of over 14% since its base date, driven by policy effects and accelerated domestic substitution, indicating significant growth potential [5]. Group 4: Investment Products and Trends - The launch of the STAR Composite Index ETF has created a complete product chain covering various indices, with a total scale of 46.166 billion yuan, including 18 ETFs valued at approximately 18.5 billion yuan [6]. - The development of the STAR Composite Index and its price index aligns with China's push for technological innovation and capital market reform, positioning investors to benefit from the growth in hard technology sectors [6].

Core Insights - The "Two Zones" initiative in Beijing has achieved significant progress in institutional innovation, industrial development, and optimization of the business environment over the past five years, contributing to high-quality development in the capital [1][6]. Group 1: Institutional Innovation and Business Environment - Haidian District has provided valuable experiences for the national free trade zone through 98 institutional innovation cases, with 4 cases replicated nationwide and 9 cases promoted citywide, establishing a "Haidian Model" [3]. - The implementation of an "all-process online approval" model in Haidian has improved business efficiency by over 30% [3]. - Shunyi District has completed over 200 key tasks related to the "Two Zones" initiative and has formed 16 breakthrough policies and innovative models, achieving an online completion rate of over 95% for district-level approval matters [3][6]. Group 2: Industrial Development - The Yizhuang group has focused on high-end manufacturing and digital economy, achieving breakthroughs in data cross-border, biomedicine, artificial intelligence, and commercial aerospace [4]. - Changping District has developed a globally leading life science valley, with over 10 high-level research institutions and a total of 11 approved innovative drugs, contributing to a comprehensive industrial chain layout [5]. Group 3: Public Services and Talent Development - The Tianzhu Comprehensive Bonded Zone has seen a 95% year-on-year increase in the import of rare disease drugs, with an import value of 21.75 billion yuan, accounting for over 40% of the national total [6]. - Shunyi and Daxing districts are forming a synergistic development force in the biomedical field, enhancing public service systems and creating a talent innovation and entrepreneurship service system [6].

将投中网设为"星标⭐"，第一时间收获最新推送 擘画辽宁经济高质量发展的新蓝图。 来源丨 投中网 7月2日上午，辽宁省人民政府在沈阳市举办2025创投辽宁发展大会，本次大会是继"2024辽宁产投 融合发展大会"之后的又一盛会。大会以"科技向新·资本向实·产业向强"为主题，紧密围绕中央金融 工作会议以及省委经济工作会议、省委金融工作会议决策部署，锚定新时代"六地"目标任务，聚集 优质创投机构，营造创业投资良好发展态势，促进资本与产业深度对接，形成创业投资"走出去、引 进来、管得好、退出优"的良好生态，为打好打赢三年行动决胜之年决胜之战贡献金融力量。省委常 委、副省长张立林出席会议并致辞，副省长李强参加会议并启动辽宁创业投资之家。中国证券投资基 金业协会和深圳资本市场学院有关负责人出席会议。 省委常委、副省长张立林在致辞中代表省委、省政府对各位嘉宾表示欢迎。他指出，创投资本作为金 融体系中最活跃的"因子"、最澎湃的"活水"，始终是辽宁倍加青睐、乐于牵手的金融力量。今天的 辽宁，正处在全面振兴新突破三年行动决胜之年的关键节点，辽宁全省上下牢记习近平总书记"在推 动新时代东北全面振兴取得新突破上勇于争先、奋力谱写中国式 ...

Group 1 - The core viewpoint is that foreign companies are increasingly choosing to invest in China, driven by strong government support and a favorable business environment [1][2] - Corning's commitment to expanding its investment in China reflects a broader trend among foreign enterprises to continue investing in the Chinese market [1] - By the end of 2024, over 1.239 million foreign-funded enterprises are expected to be established in China, with a cumulative actual use of foreign capital reaching 20.6 trillion yuan [1] Group 2 - China's large market demand provides vast market space for foreign enterprises, with retail sales of consumer goods reaching 20.3171 trillion yuan from January to May, a year-on-year increase of 5.0% [3] - The well-established and efficient supply chain and industrial system in China significantly reduce production costs and coordination difficulties for multinational companies [3] - The stable and predictable business environment in China, supported by various policies aimed at optimizing the foreign investment environment, has attracted a growing number of foreign enterprises [4] Group 3 - The ongoing modernization and upgrading of China's industrial system, along with the emergence of new productive forces, offer more opportunities for foreign enterprises [5] - In the first five months of this year, actual foreign investment in high-tech industries reached 109.04 billion yuan, with significant growth in sectors such as e-commerce services and aerospace manufacturing [5] - China's commitment to high-level opening-up and support for foreign investment is expected to continue, providing a favorable landscape for multinational companies [5]

Core Viewpoint - The Hengqin Guangdong-Macao Deep Cooperation Zone aims to establish a highly coordinated economic system with Macao by 2029, enhancing cross-border flow of various elements and developing key industries, particularly the "Four New" industries [2][3][4]. Group 1: Development Goals - By 2029, the "Four New" industries' added value is expected to increase from 59.4% of the regional GDP in 2024 to 65% [2][3]. - The added value of Macao-funded industries is projected to rise from 3 billion CNY in 2024 to 9 billion CNY [2]. Group 2: Key Industry Focus - The plan emphasizes the development of technology research and high-end manufacturing, aiming to create a technology innovation platform and support the establishment of demonstration bases for industry-university-research collaboration [4]. - In the traditional Chinese medicine sector, the plan includes building a world-class production base and promoting international standards [5]. - The tourism and trade sectors will focus on building an international leisure tourism island and a new international trade center [5]. Group 3: Financial Sector Development - The financial sector will see initiatives to enrich financial services, promote high-quality development, and facilitate cross-border financial innovation [5]. - By 2029, the added value of the modern financial industry is expected to grow from 10.08 billion CNY in 2024 to 11 billion CNY [5]. Group 4: Current Industry Structure - As of the end of 2024, there are 31,685 "Four New" enterprises in the cooperation zone, with a total added value of 31.99 billion CNY [6]. - The current industry structure is still dominated by traditional sectors like real estate and commerce, with emerging industries like technology and high-end manufacturing being underdeveloped [7]. Group 5: Challenges and Recommendations - The cooperation zone faces challenges in achieving a clear industrial division of labor and avoiding homogeneous competition [7]. - Recommendations include enhancing collaboration between government departments, simplifying processes, and establishing risk control mechanisms to ensure safety while promoting openness [8].

将投中网设为"星标⭐"，第一时间收获最新推送 来源丨 投中网 在"2025创投辽宁发展大会"上，投中信息首次发布 "投中榜·2025年度辽宁科创先锋企业TOP30" 榜单。 旨在通过权威数据与严谨的系统性评审机制，识别那些科技创新能力强、市场竞争力突出、 成长性显著的优质企业。希望以此树立标杆企业，引导资本精准配置，为辽宁在传统产业转型升级与 现代化产业体系建设助力。 榜单评选的范围是，辽宁省内未上市（含新三板挂牌），且近期有融资计划的企业（ 例如: 已IPO递 表的企业不纳入考评 ）。 我们理解，企业需通过技术突破和商业模式创新实现长期发展，而研发创新能力直接影响技术商品化 能力，因此创新性是企业核心竞争力的基石；若创新性在市场落地层面的不足，企业则可能成为技术 孤岛，因此成长性是企业可持续发展的支撑；当企业发展到一定阶段，常通过合理的融资获取资金支 持、创新资源，突破自身瓶颈，并最终促进新一轮的创新发展，因此融资情况也是企业资源与市场认 可度的写照。因此在本次评选中，我们通过创新性、成长性、以及市场认可度三个维度对符合评选范 围的企业进行筛选，具体指标如下： | 评价纬度 | 评选指标 | 指标权重 | ...

合作区将重点推动"四新"产业和澳资产业发展 横琴将加强重点产业规模和发展能级来促进澳门经济适度多元发展。 《规划》明确，到2029年澳门回归祖国30周年时，合作区与澳门经济高度协同、规则深度衔接的制度体系全面确立，市场准入制度高效衔接。各类要素跨境 流动高效便捷，电子围网系统和跨境金融管理体系建立健全，货物"一线放开、二线管住"的体系高效运转，人员出入境高度便利。同时，特色产业发展形成 规模，"四新"产业增加值占地区生产总值比重从2024年的59.4%提升至65%。澳资产业增加值从2024年的30.04亿元增加至90亿元。 6月30日，《横琴粤澳深度合作区产业发展规划（2025—2029年）》（下称《规划》）印发，明确了横琴粤澳深度合作区（下称"合作区"）接下来几年时间 里，在重点产业培育、营商环境建设和琴澳产业一体化等方面的发展思路。 "横琴合作区产业发展的前景，跟同澳门展开深度合作有密切关系。"中山大学岭南学院经济学教授林江告诉第一财经，横琴最重要的机遇是通过粤澳深度合 作，来为澳门中小企业提供一个创新升级的机会。 Film B Har Car . I H T = K HU.U. 上海 Tom The F ...