中证报中证网讯（记者 倪铭娅）近日，毕马威发布《第三届生物科创领航50企业报告》（以下简称"报 告"），系统呈现了中国生物科技领域最具活力与成长性的创新力量。报告认为，中国不断叠加的政策 红利推动国内创新药步入黄金发展期，而人工智能对研发范式与效率的重塑，正驱动CDMO（医药领域 合同研发生产组织）从"成本竞争"向"价值创造"战略转型。 毕马威中国客户与业务发展主管合伙人江立勤表示，在人工智能参与下，中国生物医疗行业正展现出蓬 勃发展态势，带来前所未有的想象空间。从提升研发效率、创新产品组合、优化产品试验到简化供应 链，人工智能可以为行业的方方面面注入活力。 当前，全球产业链供应链加速调整，中国生物科创行业延续其强劲的逆周期韧性，成为全球创新版图中 日益重要的一极。毕马威中国生命科学行业审计主管合伙人黎志贤表示，中国企业聚焦细胞治疗及基因 治疗、体外诊断、AI制药等新兴赛道，正以其颠覆性的创新力量，引领生物创新领域在核心技术攻 关、产业链协同创新上的突破。从"创新链"到"产业链"，科技成果转化正在推动新质生产力的加速发 展。 毕马威中国生命科学行业主管合伙人于子龙认为，AI、5G、大数据等技术与生物信息学、纳 ...

10月15日，A股市场迎来大幅反弹，红利板块走势依旧活跃。"能追牛、能扛熊"的标普A股红利指数领 衔主流红利指数，收涨0.92%二连阳，本月累计涨幅已近3%（截至2025.10.15）。 作为跟踪该指数的标普红利ETF（562060）同样表现强势，劲涨1.2%创新高，收于0.592元，盘中溢价 频频。近期市场波动加剧，资金正加速持续涌入高股息资产，交易所数据显示，标普红利ETF （562060）近5个交易日连续吸金超4000万元，成为慢牛时代备受青睐的布局工具。 标普A股红利指数前十大行业今日全部收涨，其中医药、汽车板块涨幅超2%，机械、轻工制造、家电 板块也均涨超1%。 【标普A股红利指数前十大行业涨跌幅】 | 中信一级行业 | 权重 | 10.15涨跌幅％ | | --- | --- | --- | | 银行 | 16.58% | 0.61 | | 机械 | 11.02% | 1.88 | | 轻工制造 | 8.68% | 1.25 | | 家电 | 7.20% | 1.44 | | 基础化工 | 6.28% | 0.83 | | 纺织服装 | 5.55% | 1.70 | | 医药 | 4.76% | ...

Group 1 - The central government is likely to increase "national subsidies" and actively implement consumer loan interest subsidies to expand consumption demand while ensuring and improving people's livelihoods [1] - The issuance pace of special bonds has significantly accelerated, and real estate policies are expected to continue to stimulate demand [1] - The current abundant liquidity remains the main foundation for the market, with a good holding experience and profit effect continuously attracting incremental funds into the market [1] Group 2 - The nomination of Milan to the Federal Reserve Board has passed a procedural vote in the Senate, indicating a likely confirmation before the FOMC interest rate decision meeting [3] - The expectation of a rate cut by the Federal Reserve has increased, which may lead to improved global liquidity and a potential peak for growth style in the A-share market [3] - Focus on sectors such as "AI+" downstream applications in media and computing, and the lagging real estate sector under the "water flows to lower places" principle [3] Group 3 - The silver market's fundamentals are relatively ideal, with a significant recovery in the photovoltaic industry and increased investment demand for precious metals due to rising gold prices [5] - Nvidia and OpenAI have signed a letter of intent for strategic cooperation, with Nvidia investing $100 billion to help OpenAI build AI data centers [5] - The AI computing infrastructure is expected to accelerate construction, benefiting leading companies with strong commercial ties [5] Group 4 - The overall trend of the Shanghai Composite Index is characterized by range-bound fluctuations, influenced by US-China trade issues and third-quarter earnings reports [11] - Goldman Sachs maintains an overweight rating on A-shares and H-shares, suggesting buying on dips and focusing on leading private enterprises and themes like artificial intelligence [11] - Despite a recent pullback, institutional funds remain optimistic about future highs, although technology stocks face uncertainties due to sanctions [11]

今日A股市场探底回升， 沪指涨超1%重回3900点，创业板指探底回升涨超2% 。沪深两市成交额2.07万亿，较上一个交易日缩量5034亿。 盘面上，市场热点轮番活跃， 机器人概念股午后爆发 ，五洲新春、三花智控等十余股涨停。机场航运板块震荡拉升，华夏航空涨停。医药板块全天 走强，昂利康等多股涨停。数据中心电源概念表现活跃，四方股份、京泉华4天2板。下跌方面，港口航运股集体下跌，南京港、连云港大跌。 板块方面，汽车、电网设备、医药等板块涨幅居前，港口航运、光刻机等板块跌幅居前。 截至收盘，沪指涨1.22%，深成指涨1.73%，创业板指涨2.36%。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | -3912.21 | -13118.75 | -3025.87 | | +46.98 +1.22% | +223.65 +1.73% | +69.88 +2.36% property of concession | 下载财联社APP获取更多资讯 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 ...

10月15日上午，大医药行业交投活跃，港股创新药ETF（513120）半日成交总量达到3472万手，成交金额为47.65亿元，成交显著放 量，另外，医药ETF（512010）和医疗ETF（512170）半日成交总量也超过千万手。 中证创新药产业指数是一个专注于创新药研发的上市公司的指数，发布于2019年4月22日。该指数选取主营业务涉及创新药研发的 上市公司作为待选样本，按照市值排序选取不超过50家最具代表性公司作为样本股，旨在反映创新药产业上市公司的整体表现。成 分股主要来自生物医药、化学制药、医疗服务行业，整体研发支出占比远高于市场平均水平。 | 证券代码 | 证券名称 | 中证一级行业分类 | 中证二级行业分类 | 权重(%) | | --- | --- | --- | --- | --- | | 603259 | 药明康德 | 医药卫生 | 医药 | 13.50 | | 600276 | 恒瑞医药 | 医药卫生 | 医药 | 10.78 | | 000661 | 长春高新 | 医药卫生 | 医药 | 3.62 | | 002422 | 科伦药业 | 医药卫生 | 医药 | 3.39 | | 60019 ...

中泰证券（600918）指出，国庆假期后市场延续节前行情，整体市场仍以科技行情为主，医药板块阶段 资金有所流出，表现相对震荡。短期调整一方面源自于前期部分获利资金的阶段性兑现且阶段催化有 限，另一方面，中美贸易摩擦升温带动避险情绪，部分资金从风险偏好性强、海外关联度高的细分板块 暂时撤离。但创新行情的主线逻辑并未动摇，新靶点研发、临床数据落地、跨境BD等产业趋势仍然持 续，建议逢低加配具有关键数据读出催化、潜在重磅BD交易预期、全球化潜力突出的优质标的；同 时，在中美博弈长期复杂的预期下，建议结合三季度业绩积极筛选估值水平低、筹码结构良好、基本面 稳健修复的内需板块进行适当配置。 医药板块15日盘中强势上扬，截至发稿，向日葵20%涨停，广生堂（300436）涨超17%，舒泰神 （300204）涨近12%，昂利康（002940）、亚太药业（002370）亦涨停。 ...

消息面，鲍威尔于10月14日发表了关于"经济展望与货币政策"的讲话，暗示央行可能在未来几个月结束缩减资产负债表。他还表示，劳动力市场预期持续恶 化，这一信息支撑了投资者对本月再次降息的预期。 今年以来，港股热点频发，创新药出海大单频现、新能源"反内卷"、互联网"反内卷"、人工智能+，不断催化港股科技行情。港股科技ETF（513020）盘中 涨超2%，年内涨幅超50%。 资金也在持续流入中，截至10月15日，港股科技ETF（513020）连续20日吸金超11亿元。 鲍威尔发言提振降息预期，海外流动性提振港股 消息面，美联储主席鲍威尔于10月14日发表了关于"经济展望与货币政策"的讲话，这是他在9月FOMC会议后的首次公开表态。鲍威尔暗示央行可能在未来 几个月结束缩减资产负债表。 | 证券代码 | 证券名称 | 中证一级行业分类 | 中证二级行业分类 | 权重(%) | | --- | --- | --- | --- | --- | | 9988.HK | 阿里巴巴-W | 可选消费 | 零售业 | 11.93 | | 0700.HK | 腾讯控股 | 通信服务 | 传媒 | 10.79 | | 1810.HK ...

Domestic Market Overview - The domestic market experienced a pullback after an initial rise, with the Shanghai Composite Index closing at 3865.23 points, down 0.62%. The Shenzhen Component Index closed at 12895.11 points, down 2.54%. The STAR Market 50 index fell by 4.26%, and the ChiNext index decreased by 3.99%. The total trading volume of the A-share market reached 25,966 billion yuan, showing an increase compared to the previous day [1][4][9] - Among the 30 sectors tracked, 11 sectors saw gains, with banking, coal, and food and beverage sectors leading the increases. In contrast, the telecommunications, electronics, and non-ferrous metals sectors experienced significant declines. Notably, indices related to cultivated diamonds, superhard materials, and selected insurance performed actively [1][4][9] Overseas Market Overview - The U.S. stock market showed mixed results, with the Dow Jones Industrial Average rising by 0.44%, while the S&P 500 index fell by 0.16% and the Nasdaq dropped by 0.76%. Notable gainers included Walmart, which rose nearly 5%, and Caterpillar, which increased by over 4%. Conversely, the tech giants index fell by 1.26%, with Nvidia dropping over 4% and Amazon declining by more than 1% [2][4] Economic Insights - The Chinese Premier Li Qiang held a meeting with economic experts and entrepreneurs to discuss the current economic situation and future work strategies. He emphasized the need for a broader perspective to accurately assess the resilience of China's economy amid international changes and to strengthen confidence while addressing issues. Li highlighted the importance of implementing counter-cyclical adjustments and expanding domestic demand [10][12] - The meeting revealed that 1,734 stocks rose while 3,554 fell, indicating a turbulent market with 146 stocks rising over 5% and 446 falling over 5%. The market is currently in a phase of consolidation, with a focus on macroeconomic financial data [10][12] Industry Developments - The Ministry of Commerce announced countermeasures against five U.S. subsidiaries of Hanwha Ocean Corporation due to their involvement in U.S. investigations that harm Chinese enterprises' rights. This action reflects ongoing tensions in international trade relations [13] - The National Development and Reform Commission (NDRC) issued guidelines to support energy-saving and carbon reduction transformations in key industries such as electricity, steel, and chemicals. The initiative aims to align with national goals for carbon neutrality and promote green economic transformation [14][15][16] - China's manned spaceflight sector achieved a milestone with the registration of its first international standard, enhancing its influence in global aerospace standards [17]

Core Insights - Jiangsu's economy demonstrates robust growth, with a projected GDP of 13.7 trillion yuan in 2024, leading the nation in growth increment [3] - The province's manufacturing sector is significant, contributing approximately 14% to the national manufacturing value added [3] - Jiangsu's industrial structure is evolving, with strategic emerging industries accounting for 41.8% of the industrial output in 2024, and high-tech industries surpassing 50% for the first time [3] Economic Strength - Jiangsu's GDP growth rate is projected to be the highest in the country, with a manufacturing value added of 4.66 trillion yuan [3] - The province's industrial output saw a year-on-year increase of 7.4% in the first half of the year, outpacing the national average by 1 percentage point [3] - The number of core enterprises in future industries exceeds 3,100, with a revenue scale surpassing 750 billion yuan [3] Regional Characteristics - Jiangsu has cultivated 14 national advanced manufacturing clusters, the highest in the country, promoting balanced regional development [5] - The income disparity between southern and northern Jiangsu has narrowed significantly, with per capita GDP and disposable income ratios decreasing to 1.86 and 1.80, respectively [5] Industrial Diversity - Jiangsu's manufacturing sector encompasses 31 major categories and over 500 subcategories, making it one of the most diverse in the nation [7] - The province is developing a "1650" industrial system, focusing on 16 advanced manufacturing clusters and 50 industrial chains [7] Innovation and Transformation - Traditional industries in Jiangsu are undergoing digital transformation, with over 56,000 projects implemented since 2022 [9] - The province leads the nation in the integration of digital and intelligent manufacturing, with a CNC rate of 70.1% for key processes [9] Private Sector Dynamics - Private enterprises are pivotal in driving new productive forces in Jiangsu, with significant investments in R&D despite long payback periods [10] - The government is fostering a supportive environment for private businesses, encouraging investment across various sectors [11] Government Support - Jiangsu's government is strategically planning the development of industries, facilitating supply-demand matching and optimizing services [13] - The province has launched a strategic emerging industry fund to enhance financing channels for innovative sectors [17] Global and Domestic Market Expansion - Jiangsu companies are increasingly focusing on international markets, with notable export growth and overseas production bases being established [15][16] - Domestic market potential is also being tapped, with companies like Tiangong International targeting high-end precision tools [16] Financial Ecosystem - Jiangsu has developed a multi-tiered capital market, supporting technology and industry innovation through various financing mechanisms [17] - The establishment of a strategic emerging industry fund aims to connect industry capital with financial resources, enhancing support for innovative enterprises [17]

Core Insights - Jiangsu's economy demonstrates robust growth, with a projected GDP of 13.7 trillion yuan in 2024, leading the nation in economic increment [4] - The province's manufacturing sector is significant, contributing approximately 14% to the national manufacturing value added [4] - Jiangsu's industrial structure is evolving, with strategic emerging industries accounting for 41.8% of the industrial output, and high-tech industries surpassing 50% for the first time [6] Economic Strength - Jiangsu's GDP growth is projected to be the highest in the nation, with a manufacturing value added of 4.66 trillion yuan [4] - The province's industrial output increased by 7.4% year-on-year in the first half of the year, outpacing the national growth rate by 1 percentage point [4] - The region has cultivated over 3,100 core enterprises in future industries, generating revenue exceeding 750 billion yuan [6] Structural Optimization - The share of strategic emerging industries in Jiangsu's industrial output is set to reach 41.8% in 2024, with high-tech industries' output rising to 51.8% in the first half of the year [6] - Jiangsu's manufacturing sector encompasses 31 major categories, 191 medium categories, and over 500 minor categories, making it one of the most comprehensive in the country [12] - The province aims to develop a "1650" industrial system, focusing on 16 advanced manufacturing clusters and 50 industrial chains [13] Regional Collaboration - Jiangsu has established 14 national advanced manufacturing clusters, the highest in the country, promoting balanced regional development [10] - The income disparity between southern and northern Jiangsu has narrowed significantly, with per capita GDP and disposable income ratios decreasing to 1.86 and 1.80, respectively [10] - The province's government is actively fostering an environment conducive to private enterprise growth, enhancing market competition and resource allocation [16] Innovation and Transformation - Traditional industries in Jiangsu are undergoing digital transformation, with over 56,000 projects implemented to enhance efficiency and reduce costs [14] - The province has prioritized the integration of technology and industry, focusing on original innovations and key core technologies [20] - Jiangsu's private enterprises are pivotal in driving new productivity, with many achieving significant advancements in niche markets [15] Financial Ecosystem - Jiangsu has developed a multi-tiered capital market, ranking third in the number of listed companies nationwide, which supports technological and industrial innovation [23] - The establishment of a 500 billion yuan strategic emerging industry fund aims to enhance financing channels for innovative enterprises [23] - The province's financial policies are designed to facilitate the growth of technology-driven companies, ensuring a sustainable cycle between finance and industry [23]