近期，全球对稀缺太空战略资源争夺白热化。 中国向国际电信联盟（ITU）一次性提交了涉及约20.3万颗卫星的频谱与轨道资源申请，覆盖14个星座，创下国内单次申报纪录。 美国联邦通信委员会（FCC）也批准了SpaceX新增部署7500颗第二代星链卫星。 马斯克提出了航天业有史以来最雄心勃勃的制造目标之一：每年生产1万艘星舰飞船。 广州推动商业航天人才、资本和企业集聚广州，构建完整商业航天产业生态。 过去一个多月，航空航天板块一直是市场焦点，表现甚至超过AI等科技板块。 其中，航空航天ETF(159227)自2025年11月24日-2026年1月12日的34个交易日上涨53.33%，净值屡创新高。 航空航天的爆发，源于一场深刻且持久的产业变革，是一场由大国战略、市场爆发与技术革命共同催生的黄金机会。 基于这些逻辑，航空航天ETF（159227）入选了2026年格隆汇"全球视野 下注中国"十大核心ETF。 | of the Come In below in | 6. 1- 10 | 上星制道与应用、机大测径系统 | | --- | --- | --- | | 600118 SH | | | | 新京 FF | 6.4 ...

Core Viewpoint - The global competition for scarce space strategic resources has intensified, with significant developments in satellite deployment and commercial space initiatives, particularly from China and the U.S. [2][3][4] Group 1: Industry Developments - China submitted a record application to the International Telecommunication Union (ITU) for approximately 203,000 satellites, covering 14 constellations [3] - The U.S. Federal Communications Commission (FCC) approved SpaceX's plan to deploy an additional 7,500 second-generation Starlink satellites [4] - Elon Musk proposed an ambitious target for the aerospace industry, aiming to produce 10,000 Starship spacecraft annually [5] Group 2: Market Performance - The aerospace sector has been a market focus, outperforming even AI and other tech sectors in recent months [7] - The Aerospace ETF (159227) saw a 53.33% increase over 34 trading days, reaching new net asset value highs [8] Group 3: Strategic Importance - Aerospace has been designated as a key emerging pillar industry by the Chinese government, with initiatives to promote commercial space and low-altitude economies [13] - The establishment of the Commercial Space Administration by the National Space Administration in November 2025 has improved administrative efficiency for launch approvals and licensing [14] Group 4: Technological Advancements - The emergence of reusable rocket technology is a significant breakthrough, drastically reducing space launch costs and facilitating the commercialization of the space economy [15] - The rapid development of technology and market dynamics has heightened competition and underscored the urgency for advancements [17] Group 5: Investment Trends - The commercial space industry in China is projected to reach a scale of 2.5 to 2.8 trillion yuan, with an annual growth rate exceeding 20% [22] - Funding for the aerospace sector is increasing, with total industry financing expected to reach 18.6 billion yuan in 2025, a 32% year-on-year increase [25] - The Aerospace ETF (159227) has become a leading investment vehicle, with significant inflows and a growing market presence [31] Group 6: Future Outlook - The aerospace sector is positioned at the intersection of national security, technological self-reliance, and new economic growth points [45] - 2026 is anticipated to be a critical year for validating China's aerospace technologies, with advancements in rocket recovery and satellite production lines [46][47] - The Aerospace ETF (159227) is well-positioned to capture investment opportunities arising from the commercial space and low-altitude economy sectors [48]

Core Viewpoint - The event in Putuo District aims to create a high-quality incubation environment by facilitating the efficient flow and deep integration of innovation elements such as talent, technology, and capital among cities along the Shanghai-Nanjing corridor [1] Group 1: Policy Initiatives - The "Implementation Opinions" released during the event include a series of financial incentives for innovation and entrepreneurship, such as providing up to 200 square meters of free office space for companies participating in major innovation competitions and offering matching grants up to 1:1 [2] - Start-up technology companies can receive up to 300,000 yuan per year in support for collaborative research, application scenario demonstrations, and other areas, with additional funding of up to 200,000 yuan for those attracting over 10 million yuan in equity investment within a year [2] Group 2: Support for Specific Industries - The gaming industry will receive targeted support, including up to 1 million yuan for qualifying start-ups, 100,000 yuan for each game license, and 20,000 yuan for industry qualification recognition, with funding for industry activities capped at 30,000 yuan [3] - High-level talent will be offered up to 500,000 yuan in housing subsidies, with monthly rental or mortgage interest subsidies ranging from 3,000 to 5,000 yuan for PhD and senior title holders, along with comprehensive services for settling in and education [3] Group 3: Insights and Experiences - Experts shared insights on the strategic value and breakthrough paths for high-quality incubators, practical measures for enhancing service capabilities, and personal experiences of growth within the incubation ecosystem, highlighting a collaborative development environment between government and enterprises [4] Group 4: Infrastructure Development - The inauguration of the Bochuang Building and related service centers marks a significant step in establishing a physical platform for innovation, specifically designed to support technology companies from the "Eight Cities and One District," with initial tenants in cutting-edge fields such as smart connected vehicles and new materials [5]

Core Viewpoint - The Chinese government emphasizes the integration of technological and industrial innovation to build a modern industrial system with international competitiveness, as highlighted by General Secretary Xi Jinping and the Central Economic Work Conference [1]. Group 1: Industrial Economic Development - The industrial economy in China is expected to maintain stability and growth, with a focus on four key areas: stability, expansion, innovation, and enhancement [2]. - Stability involves ensuring growth in key industries and regions, which account for 80% of the industrial total, through targeted support and policy measures [2]. - Expansion focuses on increasing effective demand by promoting flexible manufacturing and accelerating the application of new technologies [2]. - Innovation aims to enhance value creation through the revitalization of traditional industries and the development of emerging industries [3]. - Enhancement seeks to boost the vitality of business entities, particularly small and medium-sized enterprises, by improving cash flow and reducing burdens [3]. Group 2: Manufacturing Development Strategies - The Ministry of Industry and Information Technology plans to promote intelligent, green, and integrated development in manufacturing during the 14th Five-Year Plan period [4]. - Traditional industries will undergo revitalization through the implementation of targeted improvement plans and the adoption of digital and green technologies [4]. - Emerging industries will be accelerated through the establishment of demonstration bases and large-scale applications of new technologies [5]. - Future industries will be strategically developed, focusing on areas such as quantum technology and 6G, to achieve breakthroughs [5]. Group 3: Enhancing Technological Innovation - The government aims to increase high-quality technological supply and enhance the integration of technology and industry [7]. - Policies will be implemented to strengthen the role of enterprises in technological innovation, including tax incentives and support for specialized small and medium-sized enterprises [7]. - Efforts will be made to streamline the conversion of technological achievements into practical applications, including the establishment of a national service network for manufacturing [8]. Group 4: Digital Transformation in Manufacturing - The Ministry will focus on the large-scale application of industrial internet and the integration of artificial intelligence in manufacturing [9]. - A strong emphasis will be placed on building a solid digital foundation by improving data collection and utilization in key manufacturing sectors [9]. - The government will enhance network connectivity and promote the development of digital solutions tailored to specific industries and scenarios [10]. - Initiatives will be launched to implement artificial intelligence in manufacturing, fostering the development of intelligent enterprises and applications [10].

Group 1 - The core viewpoint of the article is that Zongheng Co., Ltd. has recently invested in an industrial fund focusing on cutting-edge sectors such as low-altitude economy, artificial intelligence, commercial aerospace, and satellite internet applications [1] Group 2 - The investment was made in the Qiongcheng Kaisheng Aerospace Intelligent Venture Capital Partnership [1] - The industrial fund aims to capitalize on emerging trends and technologies within its targeted sectors [1]

中新网四川新闻1月13日电 成都东部新区12日召开2026年党工委工作会议，总结成都东部新区2025年工 作，研究讨论"十五五"规划和2026年经济工作要点，进一步凝聚共识、坚定信心，推动各项工作开创新 局面、迈上新台阶。 成都东部 新区城市核心区。成都东部新区 供图 引进86个重点项目 产业立城取得阶段性跨越 "十四五"时期，是成都东部新区获批省级新区以来全面开启建设的第一个五年，在四川省委省政府、成 都市委市政府的大力关心和支持下，成都东部新区基本形成了城市新区的空间格局、产业基础和治理体 系，初步实现了从拓荒起步到新城崛起、从白纸画图到产业立城的阶段性跨越—— 发展动能深刻重塑，实现从"一业独大"向"多元驱动"的战略性迈进。推动经济增长从"农业经济"向"开 放经济、园区经济、镇域经济"转变。天府国际机场建成投运后，迅速跻身全球繁忙机场行列，天府国 际空港综合保税区通过验收，产业布局实现战略性优化，累计引进重点产业化项目86个，总投资约1650 亿元，规上工业增加值持续保持两位数增长。 发展路径战略跃升，实现从"外延扩张"向"内涵提升"的关键性转型。过去五年，成都东部新区地区生产 总值连续跨越两个百亿级台 ...

Core Viewpoint - The construction of a modern industrial system in China is being accelerated, focusing on the integration of technological and industrial innovation to enhance international competitiveness [1] Group 1: Industrial Economic Development - The industrial economy in China is expected to maintain stability and growth, with a focus on four key areas: stability, expansion, innovation, and enhancement [2] - Stability involves supporting key industries and regions that account for 80% of industrial output, implementing growth plans, and ensuring policy support [2] - Expansion focuses on increasing effective demand through flexible manufacturing and promoting new technologies, while also initiating major engineering projects [2] - Innovation aims to enhance value creation by upgrading traditional industries and developing emerging sectors, such as integrated circuits and aerospace [3] - Enhancement emphasizes improving the vitality of enterprises, particularly small and medium-sized ones, by reducing burdens and ensuring timely payments [3] Group 2: Manufacturing Development - The focus during the "14th Five-Year Plan" period will be on intelligent, green, and integrated development of manufacturing, ensuring supply chain security and stability [4] - Traditional industries will undergo renewal through the implementation of targeted upgrade plans and the adoption of smart and green technologies [4] - Emerging industries will be promoted through the establishment of demonstration bases and large-scale application of new technologies [5] - Future industries will be strategically developed, focusing on areas like quantum technology and 6G, with an emphasis on innovation and ecosystem building [5] Group 3: Technological Innovation - The integration of technological and industrial innovation is prioritized to enhance productivity and secure a competitive edge in global markets [6] - High-quality technological supply will be increased through national projects and collaboration between enterprises and research institutions [6] - The role of enterprises in technological innovation will be strengthened, with policies to support R&D investments and enhance participation in major projects [7] Group 4: Digital Transformation - The promotion of digital transformation in manufacturing will be driven by the large-scale application of industrial internet and artificial intelligence [8] - A strong digital foundation will be established by focusing on high-quality data collection and usage, particularly in key manufacturing sectors [8] - The development of industrial internet platforms and smart solutions will be prioritized to enhance connectivity and application in various industries [9]

1月13日，三大指数集体走弱，商业航天板块早盘盘中回升，国证航天航空行业指数(CN5082.SZ)早盘一度跌近8%，盘中回升跌幅收窄至3%，现 跌约5%，该指数成分股中，洪都航空上涨超7%，中国卫星上涨近3%，航亚科技上涨0.25%，内蒙一机上涨0.05%，国博电子下跌1.49%。 航空航天ETF天弘（159241）紧密跟踪国证航天航空行业指数，该指数覆盖航空装备、航天装备、军工电子等细分领域，涉及卫星互联网、大 飞机、低空经济等前沿科技方向。跟踪指数行业布局在申万一级行业分类中，国防军工权重占比高达98.66%。 招商证券表示，我国商业航天景气度显著抬升，产业规模迅速扩张。据中投顾问，2025年，我国商业航天产业规模预计达2.8万亿元，年均复合 增长率超26%，较2020年增长180%。其中，上游卫星制造与火箭发射环节价值占比约10%，中游地面设备制造占比约45%，下游卫星应用服务 占比约45%。 相关ETF方面，航空航天ETF天弘（159241）盘中探底回升，成交额为1.93亿元。资金流向方面，该ETF上个交易日(1月12日)净流入额为1.57亿 元，截至上个交易日，已连续2个交易日获资金净流入，累计净流 ...

Market Overview - On January 12, the A-share market continued its strong performance since the beginning of the year, with the Shanghai Composite Index surpassing 4165 points, an increase of 1.09%. The total trading volume exceeded 3.64 trillion yuan, setting a historical high [1] - The ETF market also showed a strong upward trend, with non-currency ETFs totaling 400.24 billion yuan in trading volume [1] - Sectors such as media, computer, and defense industries saw significant gains, while oil, coal, and real estate sectors experienced declines [1] Performance Review - The Shanghai Composite Index has accumulated an increase of 8.9% during the 17 consecutive days of gains, indicating significant market differentiation [2] - Notable sector performances include military industry, media, and non-ferrous metals, which rose by 33.95%, 29.25%, and 23.37% respectively. The banking sector was the only one to decline, with a decrease of 0.02% [4][5] Expert Insights - A leading analyst, J, expressed skepticism about the market's ability to sustain a bull run, citing that many company earnings reports are not favorable. The market may not remain optimistic after the first quarter earnings announcements [8] - There has been a noticeable shift in focus from performance-based stocks to concept-driven and speculative investments, with stocks that have strong earnings not seeing significant price increases [9] - The analyst has gradually shifted to a defensive stance, anticipating increased pressure on indices following the release of annual reports [10] ETF Performance - As of January 12, among 90 ETFs, 80 have achieved positive returns, with the aerospace ETF (159227) leading at a 48.98% increase, followed by the military industry ETF (512660) at 43.52% [12] - Other top-performing ETFs include general aviation (159230) at 41.29% and semiconductor equipment (159516) at 29.02% [12]

【印尼防长与巴基斯坦空军参谋长会谈 求购超40架"枭龙"战机】智通财经1月13日电，据环球网援引路 透社报道，三名知情的安全部门官员透露，印度尼西亚国防部长沙夫里与巴基斯坦空军参谋长巴伯尔当 地时间12日在巴首都伊斯兰堡举行会谈，讨论一项向印尼出售战斗机和无人机的潜在协议。报道援引一 名消息人士的话称，双方会谈主要围绕出售JF-17"雷电"战斗机（中国称"枭龙"）展开，同时涉及用于 侦察和打击目标的无人机。另外两名消息人士称，会谈已进入后期阶段，涉及出售超过40架JF-17战斗 机。其中一名消息人士透露，印尼还对巴基斯坦的"沙赫帕尔"无人机感兴趣。消息人士未透露关于交付 时间表和拟议协议期限的讨论内容。 转自：智通财经 ...