Core Viewpoint - The report from Industrial Securities highlights significant volatility in global risk assets due to concerns over tightening overseas liquidity and discussions surrounding an "AI bubble" [1] Group 1: Market Conditions - Global risk assets have experienced substantial fluctuations this week, influenced by a lack of economic data, frequent hawkish statements from the Federal Reserve, and rising liquidity pressures in the money market due to government shutdown and fiscal constraints [1] - The strong dollar has suppressed global stock markets and commodity prices, with technology-heavy indices like Nikkei 225, Korean stock index, and Nasdaq leading the decline [1] Group 2: Future Outlook - The probability of overseas liquidity tightening evolving into systemic risk is low, as solutions from the Federal Reserve and bipartisan negotiations to reopen the government are progressing, which may gradually alleviate external disturbances on risk appetite [2] - If the U.S. government shutdown ends as expected in mid-November and more economic data is released, market expectations for Federal Reserve rate cuts will be recalibrated, potentially creating a window for global recovery [3] Group 3: AI Industry Analysis - The current discussions around the "AI bubble" have caused some disturbances in the domestic AI industry chain, but Industrial Securities believes that AI's empowerment of traditional industries is still in its early stages, making it incomparable to the internet bubble of 1999-2000 [4] - The development logic of the AI industry is clear, with major global tech companies continuously defining their AI strategies, and the fundamentals of leading companies in the U.S. stock market remain strong due to ongoing R&D investments and capital expenditures [4] Group 4: Investment Strategies - The "14th Five-Year Plan" emphasizes AI as a key driver for national competition and technological innovation, indicating that the AI industry chain will be a focus area with favorable prospects next year [5] - The year-end market is seen as an important window for positioning in sectors expected to perform well in the coming year, with a focus on cyclical sectors such as steel, chemicals, construction materials, and new consumption [6][7] - High-growth sectors expected to see net profit growth of over 30% next year include AI hardware, new energy, and military industries, while sectors with expected growth of 10%-30% include pharmaceuticals and AI downstream applications [7][8]

Core Insights - The China International Import Expo (CIIE) serves as a significant platform for showcasing quality products and advanced technologies, while also facilitating dialogue among participants about the opportunities presented during the "14th Five-Year Plan" period [1] Group 1: Market Opportunities - Multinational companies are leveraging the CIIE to expand their brand influence, with many expressing optimism about the long-term prospects of the Chinese consumer market during the "14th Five-Year Plan" [2] - The CEO of Thai Tencel Group highlighted that the company has invested 4.36 billion yuan in China over the past five years, enhancing its local operations and aligning its strategy with China's development goals [2] - The growing middle-income group in China is driving demand for high-quality products, prompting companies like Bunge to focus on providing diverse and reliable solutions to meet market needs [3] Group 2: Foreign Investment and Cooperation - The CIIE has facilitated numerous agreements between Chinese and foreign enterprises, with a notable signing amount of 1.828 billion USD during the event [5] - KPMG emphasized that China's commitment to high-level opening-up will create new advantages for attracting foreign investment, ensuring a transparent and stable environment for foreign businesses [4] - The China Energy Engineering Group has actively participated in international capacity cooperation, signing contracts exceeding 600 billion yuan in Belt and Road Initiative countries over the past five years [5] Group 3: High-Quality Development - The "14th Five-Year Plan" emphasizes high-quality development, with companies like Johnson Controls showcasing green technologies and digital applications that align with China's goals for sustainable development [7] - Rockwell Automation plans to apply digital and green technologies in emerging industries, supporting high-quality development in sectors such as new energy and advanced manufacturing [8] - Varian Medical is committed to enhancing healthcare services in China, focusing on technological innovation to improve medical capabilities and outcomes during the "14th Five-Year Plan" [8]

Core Insights - The article discusses the implementation opinions issued by the State Council on accelerating the cultivation and open promotion of new application scenarios for large-scale applications, emphasizing the importance of these scenarios in bridging technology and industry [2][4]. Group 1: Biotechnology Sector - The opinions highlight the promotion of biotechnology applications in new materials, construction, energy, and environmental protection, focusing on areas such as bio-based material substitution, low-carbon conversion of bioenergy, and green preparation of natural products [3]. - The goal is to build an integrated development ecosystem for the biotechnology industry [3]. Group 2: Manufacturing Sector - The focus is on intelligent manufacturing, green manufacturing, service-oriented manufacturing, industrial biology, and industrial intelligence, with innovations in flexible production lines, smart factories, green factories, high-standard digital parks, and zero-carbon parks [3]. - The initiative encourages local governments and enterprises to cultivate application scenarios in industrial design, pilot testing, and inspection services [3]. Group 3: Modern Agriculture Sector - The article emphasizes the acceleration of application scenario construction in seed industry, enhancing scientific and technological support in design breeding and biological breeding, and launching digital application scenarios for breeding, seed production, and expansion [3]. Group 4: Policy Implementation - The opinions stress the need for deepening scene openness and fair and efficient allocation, promoting reforms in access, scenarios, and elements, and enhancing the capacity for application scenario support [4]. - Local governments and relevant departments are urged to strengthen coordination and increase efforts in scenario cultivation and openness, with a focus on practical implementation [4].

Core Viewpoint - The "Yangtze River Delta" investment event in Qionglai City aims to showcase the city's resources and high-quality development achievements while facilitating communication and cooperation between government, enterprises, and talent in the region [1][2]. Group 1: Event Overview - The event was organized by the Qionglai Municipal Government and the Qionglai Investment Promotion Bureau, inviting nearly a hundred representatives from listed companies, specialized and innovative enterprises, and investment institutions from the Yangtze River Delta region [1]. - The event serves as a platform for government-enterprise talent exchange and supply-demand matching, highlighting Qionglai's advantages in location, ecology, industry development, and investment environment [2]. Group 2: Investment Opportunities - The Qionglai Economic Development Zone and state-owned enterprises released an investment opportunity list covering sectors such as new energy, new materials, cultural tourism integration, and modern services, providing clear cooperation windows for enterprises [2]. - Investment opportunities were also promoted in specific towns, such as cultural tourism and creative development in Pingle Town, and agricultural tourism and health vacation projects in Huojing Town, leveraging local ecological and agricultural resources [2]. Group 3: Talent Attraction - The Qionglai Municipal Talent Office introduced the "Phoenix Lai Qi" talent policy system and awarded "Talent Green Cards" to Qionglai natives in the Yangtze River Delta, emphasizing the city's commitment to attracting talent and investment [2]. Group 4: Cultural Showcase - The event featured a Qionglai specialty exhibition area showcasing local products such as Qionglai wine, tea, and bamboo weaving, reflecting the blend of ancient culture and modern industry, which piqued the interest of attendees to explore Qionglai further [2].

以下文章来源于LP波谱 ，作者王满华 LP波谱 . 本账号专注LP市场报道。"波浪、谱系"是识别市场的维度，也是定义市场的坐标；此外，波谱（Pop Art）也意为放低意义与史诗的执念，认同商业的日常之美。 将投中网设为"星标⭐"，第一时间收获最新推送 聚焦LP出资、新基金、GP招募，捕捉LP圈一周商业情报。 作者丨 王满华 来源丨LP波谱 在一级市场，内蒙古的声量一直不大。受限于专业人才储备与资本集聚度等因素，这片土地在创投地 图上长期处于"低调"状态。但低调不等于停滞，依托独特的资源禀赋与产业基础，内蒙古正在悄然推 进一场产业布局的优化与升级，且在多个新兴领域已经形成了独特竞争力。 比如能源产业。作为国家重要的能源基地，内蒙古拥有丰富的煤炭、风能、太阳能资源，煤炭产能与 电力总装机均居全国首位，这无疑为当地发展新能源行业提供了先天基础优势。数据显示，内蒙古的 风能、太阳能可开发量分别位列全国第一、第二位，2024年新能源装机容量达 1.35 亿千瓦，首次超 过火电装机规模。 与此同时，内蒙古在新材料领域同样展现出强大"天赋"——全区已探明矿产资源达149种，其中57种 储量位居全国前三。更重要的是，这些资源 ...

Core Insights - The 8th China International Import Expo (CIIE) showcases the integration of global goods, cutting-edge technology, and diverse cultures, emphasizing the theme of "New Era, Shared Future" [3][6] Group 1: Industry Trends - The CIIE has evolved from a "newborn" to a "mature" event, transforming from a "window" to a "hub" for international trade, reflecting China's commitment to increasing openness [3] - The agricultural sector is highlighted by Syngenta Group, which reports that its Chinese operations account for one-third of its total revenue, showcasing significant market demand [4] - The modernization of China's agriculture is accelerating, with notable improvements in production efficiency and sustainable development, which are expected to drive global agricultural innovation [5] Group 2: Company Developments - A major energy and chemical project worth over $1 billion was signed during the expo, indicating strong international collaboration and confidence in the Chinese market [7] - DoTerra's growth in China exemplifies successful localization strategies, with the company expanding from a small team to over 200 employees and establishing a research center in Shanghai [8] - DoTerra's innovative "essential oil + agriculture" model is fostering sustainable development and creating unique economic opportunities for local farmers [8]

央视网消息：记者11月7日从国家发展改革委了解到，《关于加快场景培育和开放 推动新场景大规模应用的实施意见》正式对外发布（以下简 称《实施意见》）。《实施意见》从5个方面，提出22类场景培育和开放重点领域，将为技术应用和产业成长提供更广阔的空间。 据介绍，"场景"指的是可以系统性验证新技术、新产品、新业态产业化应用以及配套基础设施、商业模式、制度政策的具体情境，是连接技术 和产业、打通研发和市场的桥梁。 《实施意见》中提到，要充分挖掘场景培育和开放及大规模应用需求，重点聚焦数字经济、人工智能、生物技术等新领域、新赛道打造一批应 用场景，在制造业、交通、农业等传统产业建设一批产业转型升级新业态应用场景。形成"技术突破—场景验证—产业应用—体系升级"的路 径，为加快培育发展新质生产力提供有力支撑。 国家发展改革委体制改革综合司副司长胡朝晖介绍，场景是新技术新产品的"试验场"，给新技术新产品提供"用武之地"，通过在场景中率先应 用和试验验证，推动高价值技术和产品快速涌现；场景是新兴产业发展的"加速器"，灵活丰富的场景为新兴产业发展提供了广阔的迭代试验空 间，促进新技术新产品产业化；场景还是体制改革和制度建设的"试金 ...

深秋时节，寒意渐浓，扬州生态科技新城七河八岛，这两天却格外热闹。11月1日，300余名国际皮 划艇马拉松赛选手在太平河上劈波斩浪；不远处的金湾村月光米农学馆内，来自全国各地的农学专家正 围绕水稻新品种"月光米"的上市，展开一场关于城市近郊农业未来的头脑风暴。 2022年底记者首次探访泰安镇华丰村，记录下这里从"荒滩地"到"国家森林乡村"的生态蝶变；2023 年再访，见证"民宿+"业态让村民们"不出家门端上新饭碗"。如今，三度踏上这片热土，俨然发现这里 的"现代化拼图"已从零散的"亮点"，升级为联动的"版图"。 "以前种杂交稻，一亩地赚不了多少钱，现在种'月光米'，不仅有土地租金，在田里干活每天还能 赚150元。"村民老周告诉记者，"关键是跟着一起搞文旅，咱农民也成了'参与者'。" 党的二十届四中全会强调"统筹发展和安全"，落实到乡村就是既要守好生态底线，也要让农民在发 展中得实惠。如今的金湾村，早已不只有"月光米"这一张牌：50亩的"岛上务农"共享菜园刚开业，220 块标准化菜园就被抢订一空。扬州市民吕文熙带着女儿认领了地块，"周末来种菜，既能亲近自然，还 能让孩子知道粮食来之不易。"半岛北部，省花卉协会参与 ...

（文章来源：经济日报） 全面建设社会主义现代化国家，最艰巨繁重的任务在农村，最广泛最深厚的基础也在农村。"十四五"期 间，越来越多的90后、00后"归雁"回到乡村，成为"慧"种地的新农人。他们为农村注入科技力量的同 时，也带来新观念新思路。 农村稳则天下安，农业强则国家强。农业农村的现代化，将释放出巨大的创造动能和消费潜能，推动全 社会加快高质量发展。新农人们也在希望的田野上，实现自己的人生价值。青春有梦，未来可期！ 农业农村现代化关系中国式现代化全局和成色。在五年规划的字里行间，我们可以看到发展的脉 络。"十四五"时期经济社会发展主要目标提出"农业基础更加稳固"，"十五五"规划建议则明确"农业现 代化取得重大进展"。经过5年努力，农业基础进一步夯实，未来可以在现代化方面迈出更大步伐了。纸 面上的规划需要一代代人接续实施，李金阳正是其中代表性的一员。 ...

Group 1 - The overall price trend in October is expected to remain stable, with a potential recovery in CPI growth due to the National Day and Mid-Autumn Festival boosting tourism and consumption prices [1] - CPI is projected to turn positive at 0.1% year-on-year, while PPI is expected to show a slight decline, with a year-on-year drop of 2.5% [2] - Food prices are experiencing structural increases, particularly in vegetables and fruits, while pork and egg prices are declining due to reduced demand post-holidays [1][2] Group 2 - The service sector's business activity index has risen to 50.2%, indicating a slight recovery, influenced by holiday spending and upcoming promotional events [2] - The CRB index has decreased by 1.2% month-on-month, primarily due to a significant drop in Brent crude oil prices, while metal prices have increased by 3.9% [3] - Domestic industrial product prices are declining, with the South China Industrial Products Index down by 2.0% month-on-month, reflecting limited demand support [3]