本报记者 毛艺融 "国家队基金"（如中央汇金、社保基金、地方产业母基金）通常率先布局战略性新兴产业，承担风险定 价与市场信心塑造等功能，例如去年11月份，A股公司赛力斯集团股份有限公司H股上市时，重庆产业 投资母基金现身其基石投资者名单。今年1月份，江西国控私募基金管理有限公司出现在了上海龙旗科 技股份有限公司的H股基石投资者名单里。 数据显示，截至1月29日，"A+H"股累计已达167家。瑞银集团中国区总裁及瑞银证券董事长胡知鸷向 《证券日报》记者表示，从2024年四季度开始，"A+H"模式迎来新一轮扩容潮。2025年更多A股公司成 功登陆港股，尤其是一些细分行业龙头、大市值的公司接连在港股上市。此外，还有很多A股公司启动 了"A+H"的计划与项目。 国际投资者加码 数据显示，自去年以来，瑞银环球资产管理（新加坡）有限公司、阿布达比投资局、未来资产证券有限 公司、施罗德集团等国际长线资金出现在港股IPO的基石投资名单中。 今年1月份以来，中东主权财富基金、欧洲家族办公室等国际长线资金频频现身，主动将资金锁定6至12 个月。例如，MiniMax（稀宇科技）引入了阿布扎比投资局、Eastspring（瀚亚投资） ...

Core Viewpoint - Changping District aims to enhance its role in supporting the capital's development by building modern industrial clusters and focusing on innovation-driven growth [1] Group 1: Industrial Development - Changping will strengthen three leading industries: healthcare, advanced energy, and advanced manufacturing [1] - The district plans to expand emerging industries such as beautiful health, hydrogen energy, energy storage, energy internet, medical devices, and robotics [1] - Future industries will be strategically developed, including brain science and brain-computer interfaces, 6G technology, and cell and gene therapy [1] Group 2: Urban Integration and Quality of Life - The district will promote urban-rural integration and enhance urban renewal through the third round of the "Huitian Action Plan" [1] - Efforts will be made to create the Beijing North Ecological Corridor, improving the carrying capacity and livability of the new city [1]

来源：运城财信投资控股有限公司 每日｜荐读 热文： 谁押中了沐曦股份？ 荐读： 2025募资市场年度观察：一年聊过239家LP的真实感受 荐读： 2025年IPO退出盘点：哪些GP赚钱了？ 热文： 投资人"忙疯了" 近日，山西省运城市政府投资基金（原产业引导基金）面向市场公开遴选"运城市科技创新股权投 资基金"（以下简称"运城市科创基金"）管理机构。 据悉， 运城市科创基金总规模为1亿元，通过直接股权投资项目或参股子基金方式开展投资。 基 金主要投资于运城市扶持和鼓励发展的新能源、新材料、新一代信息技术、先进制造、人工智能、 生物医药等战略新兴领域的优质种子期、初创期项目，重点支持产业链协同、创新创业和运城晋创 谷初创期科技型企业。 ...

Core Insights - The Hong Kong Stock Connect 50 ETF (159712) rose over 2% on January 28, indicating increased institutional interest in the value of Hong Kong stocks [1] - Huatai Securities noted that during periods of RMB appreciation, AH equities typically perform well, with Hong Kong stocks being more sensitive to these changes [1] Group 1: Investment Opportunities - Beneficiaries of the configuration effect include white goods, batteries, engineering machinery, power grid equipment, and beverage dairy sectors, which are favored by foreign capital [1] - Industries with high total dollar borrowings relative to net assets and high exchange gains relative to operating income, such as motorcycles, seed industry, auto parts, engineering machinery, and photovoltaic equipment, are expected to benefit from the liability effect [1] - Industries with high external dependence are likely to see improvements in gross margins, including electronic chemicals, seed industry, and steel raw materials, due to cost effects [1] Group 2: Sector Performance - Sectors that drive relative fundamental cycles upward, such as real estate chains and advanced manufacturing, as well as high beta industries like non-bank financials, are expected to benefit from relative fundamental effects [1] - The Hong Kong Stock Connect 50 ETF tracks the Hong Kong Stock Connect 50 Index (930931), focusing on the 50 largest listed companies within the Stock Connect framework, primarily large-cap leading enterprises across new and traditional economic sectors [1] - The index emphasizes financials, discretionary consumption, and information technology, aiming to reflect the overall performance of related listed company securities while combining high growth potential with low valuation characteristics [1]

天津两会观察：落子改革开放，津城借"制度红利"赢"发展胜势" 中新网天津1月28日电 题：落子改革开放，津城借"制度红利"赢"发展胜势" 中新网记者 王君妍 渤海之滨的改革开放浪潮持续涌动。 近年来，天津持续在改革深水区中破题求解，从年度出口值首次突破4000亿元，到自贸试验区以全市 1%的土地贡献超四成新设外商投资企业，其正借改革红利，将开放优势转为高质量发展的强劲动能。 2026年天津市两会期间，天津市市长张工所作政府工作报告(下称"报告")中关于"加快释放改革开放成 效"的部署，化成了一份沉甸甸的"施工图"。 "要确保各项政策真正惠及民营企业，打破壁垒，畅通政策落地执行的'最后一公里'非常关键。"天津市 人大代表、武清区检察院第一检察部主任谢文凯聚焦融资痛点，建议天津市人大常委会开展专项监督， 优化金融服务，为民营企业健康发展"供氧输血"。 开放升级：多点开花释放发展新动能 在"十五五"开局之年，天津将如何持续深层次的制度变革，以赢取发展胜势？从报告的表述中，可捕捉 到一幅清晰的路径图。 改革向深：制度红利激发企业活力 作为推动高质量发展的重要支撑，天津国有企业正持续发挥"顶梁柱"和"压舱石"作用。 报 ...

Group 1: Core Development Strategy - Changping District is focusing on developing new productive forces and modern industrial clusters, aiming to create a world-class modern city led by science and education [1] - The district is constructing the G6 Innovation Corridor along the Jing-Zhang Expressway and the G45 Industrial Corridor along the Jing-Cheng Expressway, promoting the integration of central enterprises and various businesses [1] Group 2: Industrial Cluster Development - Changping District plans to implement a new round of leading industry action plans, focusing on "Artificial Intelligence+" and strengthening three trillion-level industrial clusters: pharmaceutical health, advanced energy, and advanced manufacturing [2] - The district aims to develop emerging industries such as beautiful health, medical devices, robotics, hydrogen energy, energy storage, and energy internet, targeting a revenue of over 10 billion yuan for the synthetic biology manufacturing industry this year [2] Group 3: Urban Quality and Infrastructure - The district is committed to enhancing urban quality and vitality through the integration of industry and city, ensuring the construction of key rail transit and main roads, and improving park road networks and municipal facilities [2] - Changping District is advancing the development of Changping New City and the urban renewal of Yong'an Ancient City, while implementing the third round of the "Huitian Action Plan" to promote 89 key projects [2] Group 4: Public Services and Community Development - The district will focus on 36 livelihood projects this year, enhancing public employment service capabilities and promoting the construction of quality housing, communities, and urban areas [3] - Changping District is advancing the construction of high-level comprehensive hospitals and optimizing services for children and the elderly through the "Changping Model" [3]

转自：成都日报锦观 超常布局急需学科专业 为产业发展"增智赋能" 强化多方组织协同一体推进 选择布局领域是超常布局急需学科专业"举旗定向"的关键一环。聚焦关键急需领域落实在"关键""急 需"两个特征上。 "关键"意味着领域的选择要精准契合国家重大战略。党的十八大以来，发展战略性新兴产业、未来产业 越来越受到中央高度重视，是国家为驱动经济高质量发展、赢得科技竞争主动权的系统部署。积极培育 新能源、新材料、先进制造、电子信息等战略性新兴产业，积极培育未来产业，加快形成新质生产力， 增强发展新动能。如：成都航空职业技术大学设置了材料成型及控制工程、航空智能制造技术、飞行器 维修工程技术、无人机系统应用技术等专业，"型号牵引、精准对接、超前布局、集群发展"，专业与产 业同频共振，及时、有效响应产业发展对于高素质技能人才的迫切需求。 建立部门协同、需求触发、即时启动的急需学科专业超常布局机制，既是快速提升服务新兴产业和未来 产业发展的人才培养能力的关键抓手，更是一体推进教育科技人才发展、建设人才强国的战略支撑。其 中，行业企业、高等院校、部门是超常布局急需学科专业的三大要素。 行业企业是产业发展的核心引擎，其通过技术创 ...

Core Viewpoint - The development of Yangpu Port has reached a significant milestone with the completion of a 200,000-ton, 20,000 TEU container terminal, enhancing its capabilities to accommodate the world's largest container ships and oil tankers [1] Group 1: Infrastructure and Development - Yangpu Port's logistics infrastructure and supporting facilities have gradually improved, providing a convenient customs environment and high-quality business environment for enterprises [1] - The port has seen rapid development over the past five years, effectively improving logistics channels and promoting the establishment of various industries such as petrochemicals, advanced manufacturing, health food, offshore wind power, and biomedicine in Yangpu [1] Group 2: Economic Impact - The development of the port has contributed to a doubling of Yangpu's GDP in recent years, helping Danzhou's Yangpu GDP exceed 100 billion [1] Group 3: Future Plans - Yangpu aims to continue enhancing quality and efficiency, increasing the capacity of shipping elements, and attracting various types of vessels, including "China Yangpu Port" [1] - The management philosophy of the port is set to evolve from "terminal operation" to the construction of a "port ecosystem," aiming to make Yangpu Port greener, smarter, and more environmentally friendly [1]

为打造更具活力的科技企业生态，香港特区政府决心吸引全球顶尖前沿科技企业落户香港。陈茂波指 出，引进重点企业办公室已成功吸引超100家企业，预计投资总额超600亿港元。这些企业将带来其价值 链合作伙伴，进一步强化并丰富香港的创新生态，助力其更好融入全球产业发展。 北部都会区被陈茂波视为香港发展的关键一步。他指出，香港特区政府将加快北部都会区的发展进程， 欢迎科技及产业企业入驻，并准备提供包括土地、税收优惠及其他便利措施在内的激励方案，所有条件 均可协商。 1月27日，香港财政司司长陈茂波在亚洲金融峰会上表示，创新科技将是香港经济增长的核心驱动力。 他强调，香港不仅是连接资本、项目与人才的平台，更致力于成为全球企业的战略合作伙伴，助力大家 发展壮大、走向全球。 陈茂波指出，为实现这一目标，香港特区政府将加快北部都会区的发展，并为入驻的科技及产业企业准 备了激励方案，包括土地、税收优惠等，具体条件均可协商。 陈茂波透露，过去数年香港特区政府已投入超2000亿港元推动创新科技发展，并制定了涵盖研发支持、 基础设施建设、初创企业培育、人才吸引等全链条的综合战略。在重点领域方面，香港特区政府明确了 人工智能与数据科学、生 ...

从"万亿之省""万亿之城"拔节生长看中国经济发展之道 新华社记者刘慧、王雨萧、张骁 新年以来，2025年中国经济年度答卷陆续展开。随着全国经济总量迈上140万亿元新台阶，中国的 城市和区域经济规模也迎来新跨越—— 山东跻身"10万亿之省"，北京新晋"5万亿之城"，大连、温州成为"万亿之城"的新成员，深圳市南 山区成为全国第一个万亿级地市辖区。 "推动经济实现质的有效提升和量的合理增长。"习近平总书记为中国经济发展领航定向。 千帆竞发、百舸争流。"万亿之省""万亿之城""万亿之区"，这些跨越不仅是数字的跃升，更是中 国城市和区域经济努力攀登的剪影，拓展大国经济的格局，体现高质量发展的成色，展现着中国 经济在复杂环境中保持韧性、持续成长的密码和机理。 各地经济"高线"持续刷新 作为"十四五"收官之年，2025年不少地方在GDP总量上迎来关键性突破。 ——北京，经济总量首破5万亿元大关，继上海之后成为中国第2个"5万亿之城"。 过去5年，北京经济增量约1.4万亿元，相当于多造就了一个海淀区。经济总量大幅跃升的同时， 万元GDP能耗、水耗、碳排放等指标保持全国最优。 ——山东，经济总量首次站上10万亿元台阶，成为继广 ...