信长星、刘小涛代表省委、省政府对于旭波、崔志成一行来江苏考察交流、对接合作表示欢迎。信 长星说，党的二十届四中全会对未来5年发展作出了顶层设计和战略擘画，我们正在深入学习贯彻全会 精神，认真谋划江苏"十五五"发展。希望双方围绕工业母机、智能制造、医疗康养、对外贸易等领域进 一步深化合作，努力取得更加丰硕的成果，共同服务全国发展大局。 中国通用技术集团副总经理贾大风参加会见。 于旭波、崔志成介绍了中国通用技术集团最新发展情况。他们表示，江苏产业基础厚实、科教资源 丰富，是集团战略布局的重点区域。集团将发挥人才、技术和产业等优势，持续拓展与江苏的务实合 作，助力江苏高质量发展和现代化建设。 11月27日，省委书记信长星、省长刘小涛在南京会见中国通用技术集团董事长于旭波、总经理崔志 成。 ...

"解读'十五五'规划建议研讨会"现场。 本版图片 许泽宇 摄 谭飞 胡云超 杨华辉 李国旺 章毅 余朝辉 近期，上海证券报社上证研究院与浦江金融论坛联合举办了"解读'十五五'规划建议研讨会"。与会嘉宾 表示，当前中国经济在微观层面展现出强大的内生韧性。"十五五"时期，金融业有望逐步构建更适配经 济发展需求的生态体系，为实体经济高质量发展提供更有力的金融支撑。应以并购整合与耐心资本赋能 新质生产力，一系列资本市场创新有望催生一批世界级科技企业。 上海证券报社总编辑谭飞： 企业韧性生长凸显中国经济坚实底色 ◎张玮华 记者 王敬博 近期，在上海证券报社上证研究院与浦江金融论坛联合举办的"解读'十五五'规划建议研讨会"上，上海 证券报社总编辑谭飞表示，通过深入一线的调研发现，当前中国经济在微观层面展现出强大的内生韧 性。无论是布局于热门赛道的新兴产业和未来产业企业，还是积极转型的传统企业，抑或是深耕细分领 域的"隐形冠军"企业，均表现出强劲的发展韧性。 谭飞介绍，为系统把脉"十五五"时期经济高质量发展的现实基础与未来方向，在过去半年中，他密集走 访了浙江、福建、广东、湖南等11个省份，调研覆盖200余家上市公司、金融 ...

11月27日至29日，以"数智驱动，新质引领"为主题、立足"全球视野、中国战略、江苏探索"的2025世界 智能制造大会在南京国际博览会议中心举办。依托数据与大模型产业的前沿探索，玄武携"老友新朋"集 中亮相，生动展示中心城区转型发展的"玄武路径"，以开放平台广纳合作机遇。 新朋齐聚，科技秀场涌动智造新潮 "从模型工厂到制造现场，AI让产业更高效。"走进南京国际博览会议中心5号展馆，在"玄武大模型工 厂"展区，展板上的一行大字道出这一"工厂"的核心逻辑。 一副眼镜，可以拍照片、录视频、听音乐，还可以AI翻译、AI识物。在大模型工厂小度科技展台，"王 牌"展品小度AI眼镜让参观者大开"眼"界。 全球智能制造龙头企业达索系统今年也在玄武布局中国总部，聚焦智能制造领域，提供SaaS服务、中小 企业标准化解决方案及大客户定制服务，计划建设新型工业化赋能中心、行业解决方案中心、工业装备 制造发展中心与卓越中心四大板块。 在5号馆达索系统展区，3DEXPERIENCE体验平台融合了13个产品品牌与覆盖12个行业的解决方案，构 建贯穿设计、工程、制造与运营全流程的数字孪生体系，实现产品全生命周期虚拟化，为高端装备的智 能化与 ...

Group 1 - The core point of the article is that Wushang Group's subsidiary, Wuhan Jiangtun Digital Technology Co., Ltd., has signed a letter of intent to acquire Hangzhou Xiaodian Technology Co., Ltd. to facilitate a strategic transformation from traditional retail to a commercial technology company [1][2] - The acquisition aims to integrate Xiaodian Technology's extensive offline traffic network and digital capabilities, addressing pain points in traffic conversion and intelligent management, while enhancing local market dominance [2] - The target company has strong commercial IoT technology capabilities, providing services such as shared charging, shared lockers, smart travel, and smart energy, creating a digital closed-loop that connects people, goods, and venues [1][2] Group 2 - The transaction is expected to allow the company to obtain key digital assets, extend consumption scenarios, and achieve data-driven operations [2] - Upon successful completion of the acquisition, the target company will be included in the company's consolidated financial statements, contributing to the establishment of a comprehensive smart business infrastructure [2] - The ultimate goal is to build long-term core competitiveness through the integration of online and offline operations [2]

Core Viewpoint - Aerospace Intelligent Manufacturing Technology Co., Ltd. has completed the deregistration of its Baoding branch as part of a strategic resource integration initiative aimed at optimizing organizational structure and reducing management costs [1] Group 1: Company Actions - The company held its 21st meeting of the 5th Board of Directors on October 27, 2025, where the proposal to deregister the Baoding branch was approved [1] - The Board believes that the deregistration aligns with the company's actual operations and future business development plans, allowing for resource concentration on core business segments [1] - The company has received the deregistration notice from the Baoding National High-tech Zone Administrative Approval Bureau, confirming that all procedures for the branch's deregistration have been completed [1] Group 2: Impact and Analysis - The company asserts that the deregistration will not have a significant adverse impact on overall business development, as related assets and personnel have been properly managed [1] - As a company focused on the intelligent manufacturing sector, this move to deregister a non-core regional branch is seen as a key step in advancing refined management practices [1] - Market analysts suggest that this action will help the company streamline its organizational structure, reduce operational costs, and enhance management efficiency, laying a foundation for long-term development [1]

目前，基金已完成设立收官，即将全面启动项目遴选与投资工作。 来源：华海国投集团 每日｜荐读 论坛： 新一批敲钟人，已在路上 荐读： 重新发现香港：科创时代的新蓝图 榜单： 全国首只AIC产业母基金来了 热文： 投资人"忙疯了" 近日，由华海国投牵头设立的天津团泊华海海河创新产业发展股权投资基金合伙企业（有限合伙）顺利完成工商注册，总规模达20亿元的团泊创新 产业发展基金正式迈入运营阶段。 作为天津市16个区中唯一成功引入社会资本参与的区级母基金，该基金以"政府引导、市场运作、专业管理"为核心导向，汇聚多方重磅力量形成投 资合力：华海国投发挥区属国企牵头统筹作用，联动海河产业基金等省级资本平台，携手仁爱集团、瑞星科技等本土龙头企业及优质机构共同出资， 由专业机构天津海棠创投担任普通合伙人及基金管理人，构建起"国资引领、多元协同、优势互补"的市场化投资新格局，彰显了静海产业投资环境 的强大吸引力与华海国投的资本运作硬实力。 基金聚焦战略新兴产业赛道，精准锚定新一代生物医药、医疗大健康、信息技术、智能制造等核心领域，重点扶持具备核心技术、高成长性与广阔市 场前景的创新型企业，全力推动产业链、创新链、资金链深度融合。 ...

Core Insights - The 2025 World Intelligent Manufacturing Conference opened in Nanjing with the theme "Digital Intelligence Drives New Quality Leadership" [1] - The conference aims to create an international, high-end, and professional platform for global intelligent manufacturing exchange and cooperation, showcasing the latest achievements in the field and exploring the integration of technological breakthroughs and industrial transformation [1] Group 1: Conference Activities - The conference includes one main conference, one market-oriented exhibition, twelve thematic activities, and sixteen concurrent industrial ecosystem activities [1] - The event features the launch of the "Leading Action Plan" by the first batch of fifteen leading intelligent factories, which focuses on digital transformation, network collaboration, and intelligent change [3] Group 2: Key Announcements - A new session of the National Intelligent Manufacturing Committee was appointed, and several significant reports were released, including the 2025 Intelligent Manufacturing Blue Book and the top ten technological advancements in global and Chinese intelligent manufacturing for 2025 [5] - Prominent figures in the field, including academicians and executives from major companies, delivered keynote speeches on cutting-edge trends and strategic directions in intelligent manufacturing [5] Group 3: Exhibition Highlights - The World Intelligent Manufacturing Expo, held concurrently, covers an area of 55,000 square meters and features four main exhibition halls, including robotics and intelligent factories [9] - The expo attracted 456 companies from 21 countries and regions, showcasing international participation and facilitating various activities such as financial roadshows and technology exchanges [9] Group 4: Industry Significance - Intelligent manufacturing is identified as a primary focus for building a strong manufacturing nation, crucial for developing a modern industrial system and strengthening the real economy [9] - The conference has been held annually since 2016, becoming a high-end platform for China's participation in global intelligent manufacturing cooperation and showcasing the achievements of Jiangsu's manufacturing industry [9]

Core Viewpoint - The current bull market is still in its early stages, drawing parallels to the historical "5·19 market," which lasted two years with a 120% increase before policy withdrawal ended it. Current economic pressures and low CPI indicate that policy support is still needed [2][3]. Group 1: Market Analysis - The current bull market is expected to last 1-2 years, with signs indicating it is still early in the cycle. Characteristics typical of a late bull market, such as a surge of new investors and overconfidence among existing investors, have not yet emerged [2][3]. - The Shanghai Composite Index has reached a 10-year high despite a challenging macroeconomic environment, suggesting a disconnect between stock market performance and economic fundamentals [3]. Group 2: Economic Context - The Chinese economy is experiencing "growing pains" during its transition, reminiscent of the period from 1998 to 2000, characterized by overcapacity in traditional industries and a downturn in real estate [3]. - Real estate constitutes 60% of household wealth in China, with property prices in first-tier cities dropping by 30%-50%. For instance, property values in Shanghai have decreased by 35%, leading to significant wealth erosion for residents [3]. Group 3: Policy Implications - To reverse the trend of declining asset prices, policy intervention is crucial. Historical precedents show that timely policy measures can lead to rapid market recoveries, as seen in the "5·19 market" and the "9·24 market" [4]. - The external environment is shifting, with the Federal Reserve entering a rate-cutting cycle, which could provide more room for domestic policy easing in China [4]. Group 4: Future Outlook - The emergence of new economic sectors, particularly in intelligent manufacturing, is becoming evident. Innovations such as the DeepSeek-R1 model and humanoid robots are setting the stage for a significant industrial upgrade [5]. - China's manufacturing sector is benefiting from a large pool of graduates and engineers, which enhances its cost advantages and positions it for a successful transition from old to new economic drivers [5].

宏观热点 近日，拓竹科技与汇纳科技开展合作，拓竹科技将助力汇纳科技于深圳建成首个超大型3D打印工厂。 汇纳科技计划在2026年一季度前布局15000台拓竹3D打印机，项目投产后，将成为全球规模最大的3D打 印工厂。目前已有近5000台各型号的拓竹3D打印机陆续抵达并展开部署。 市场监管总局召开2025年第五次企业公平竞争座谈会 17家核聚变公司集中在京路演 11月27日，市场监管总局召开2025年第五次企业公平竞争座谈会，围绕"促进公平竞争，优化营商环 境"主题，与三星、宝马、强生、拜耳、正大、宝洁、宜家等外资企业深入交流，听取意见建议。总局 党组成员、副局长孟扬出席会议并讲话。孟扬介绍了市场监管总局强化反垄断监管执法、深化竞争领域 制度型开放、加强公平竞争治理等方面的工作情况。他强调，总局认真贯彻落实党的二十届四中全会精 神，将进一步加强重点领域反垄断执法，加强公平竞争审查和经营者集中审查，坚决破除阻碍全国统一 大市场建设的卡点堵点，营造市场化、法治化、国际化一流营商环境，充分激发各类经营主体发展活 力。市场监管总局反垄断总监王铁汉，有关司局和单位主要负责同志参会。 国家新闻出版署公布11月份国产网络游戏审 ...

Core Insights - The 2025 World Intelligent Manufacturing Conference was held in Nanjing, focusing on the theme "Digital Intelligence Drives New Quality Leadership" [1] - The conference highlighted the strategic deployment of the "Artificial Intelligence +" initiative to promote the digital transformation of the manufacturing industry [1][2] - Jiangsu province aims to enhance its manufacturing sector through innovation, application orientation, and fostering a favorable industrial ecosystem [1] Group 1 - The conference was attended by key figures including provincial leaders and experts, emphasizing the importance of intelligent manufacturing in China's economic strategy [1][2] - The Ministry of Industry and Information Technology is committed to advancing intelligent manufacturing as a primary focus for building a strong manufacturing nation [2] - The integration of artificial intelligence with advanced manufacturing technologies is driving significant changes in manufacturing systems and ecosystems [2] Group 2 - A new National Intelligent Manufacturing Expert Committee was established, and initiatives such as the first batch of leading-level smart factory joint proposals were announced [3] - The conference also recognized the top ten technological advancements in intelligent manufacturing for 2025, showcasing the progress in the field [3] - Leaders and experts from various sectors participated in the event, indicating a collaborative approach to advancing intelligent manufacturing [4]