Core Viewpoint - The Hong Kong capital market is experiencing a concentrated IPO wave with six companies from various industries launching public offerings, showcasing trends in new economic sectors such as artificial intelligence, biotechnology, and high-end consumer goods [1] Group 1: Companies and Their Offerings - Insilico Medicine is set to launch the largest Biotech IPO in the Hong Kong market for 2025, planning to issue approximately 94.69 million shares at a price of HKD 24.05 per share, leveraging its Pharma.AI platform for over 30 innovative projects in oncology, immunology, fibrosis, and metabolism [2][3] - Five One Vision, recognized as the "first Physical AI stock," aims to sell 23.975 million shares globally, with a price of HKD 30.5 per share, potentially raising up to HKD 841 million if the over-allotment option is exercised [2][3] - XunCe, a leading provider of real-time data infrastructure and analytics solutions in China's asset management sector, plans to issue 22.5 million shares with a price range of HKD 48-55 per share [3] - Meilian Holdings, a major service provider in China's prefabricated steel structure construction market, intends to issue 24.6 million shares at a price range of HKD 7.10-9.16 per share [3] - Woan Robotics, a global provider of home robotic systems, plans to issue 22.2223 million shares at a price range of HKD 63-81 per share [3] - Lin Qingxuan, a representative of high-end domestic skincare products in China, aims to issue 13.9665 million shares at a price of HKD 77.77 per share [3] Group 2: Market Position and Investment - Insilico Medicine has attracted a strong base of cornerstone investors, including Eli Lilly, Tencent, Temasek, Schroders, UBS, and Oak Tree Capital, along with a robust pre-IPO investment lineup featuring notable firms like Warburg Pincus and Sequoia China [2] - Five One Vision has established a comprehensive technological capability in Physical AI, supported by significant investments from leading firms such as Moolec Science and SenseTime, as well as prominent individual investors [3] - XunCe holds an 11.6% market share in China's real-time data infrastructure and analytics market, ranking first in the asset management sector as of 2024 [3] - Meilian Holdings ranks third in the prefabricated steel structure construction market in China with a market share of 3.5% [3] - Woan Robotics targets markets in Japan, Europe, and North America, focusing on advanced robotic systems [3] - Lin Qingxuan's core product, camellia oil essence, has been the top-selling facial essence oil in China for 11 consecutive years since 2014 [3]

Core Viewpoint - Hainan Free Trade Port aims to enhance its international openness by expanding data flow while ensuring security, leveraging unique institutional and infrastructural advantages for digital trade rule innovation [1][2]. Group 1: Data Management and Regulatory Framework - Hainan's approach to cross-border data management is characterized by a clear industry orientation and efficiency considerations, focusing on specific sectors like deep-sea technology and modern agriculture [2]. - The "negative list" management mechanism allows companies to operate under a "non-prohibited is permitted" model, providing stable expectations for enterprises regarding data export [2]. - The emphasis on post-event supervision enhances operational efficiency for businesses, allowing them to proceed with data export under prudent commitments [2]. Group 2: Business Structure and Development - Hainan Free Trade Port has established a multi-layered business structure for international data centers, categorized into three types: "external data for external use," "internal data for external use," and "external data for internal use," with a focus on the first category [3]. - Key sectors expected to see early results include gaming services, film production, and commercial aerospace [3]. Group 3: Infrastructure and International Standards - The development of physical infrastructure, such as international communication business entry points and cross-border submarine cables, is crucial for facilitating high-speed data flow to Southeast Asia [3]. - Institutional support is necessary for cross-border data flow, aligning with international trade rules like the Digital Economy Partnership Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership [3]. Group 4: Foreign Investment and Market Opportunities - Hainan has removed several foreign ownership restrictions in value-added telecommunications, allowing foreign companies to engage deeply in cloud services and computing markets [4]. - The pilot program is expected to attract international enterprises to the Chinese market and assist local companies in expanding globally, promoting the development of digital industries [4]. - Hainan aims to serve as a "pressure testing zone" for institutional openness and a "testing ground" for mutual recognition of digital trade rules in the long term [4].

| : [編纂]股H股(視乎[編纂]及 | [编纂]的[编纂]數目 | 超額配股權行使與否而定 | | | --- | --- | --- | --- | | [編纂]數目 | [編纂]股H股(視乎[編纂]行使 | : | 與否而定及可予重新分配) | | [编纂]數目 | [編纂]股H股(視乎[編纂]行使與否而定、可予重新分配 | : | 及視乎[编纂]行使與否而定) | | : | 每股H股[編纂]港元,另加1.0%經紀佣金、 | 最高 编纂] | 0.0027%證監會交易徵費、 | | 0.00565%香港聯交所交易費及 | 0.00015%會財局交易徵費 | | | | (須於[編纂]時以港元繳足,多繳股款可予退還) | 每股H股人民幣1.00元 | 面值 | : | | 编纂] | ■【 | | | | 獨家保薦人 | | | | | 1 | | | | 据港交所12月17日披露，深圳迅策科技股份有限公司(简称：迅策科技)通过港交所主板上市聆讯，国泰君安国际为独家保荐人。 招股书显示，迅策科技是中国实时数据基础设施及分析解决方案供应商。公司为全行业企业提供涵盖数据基础设施及数据分析的实时信息技术解 ...

人民财讯12月17日电，12月16日，上海数据交易所与紫光股份（000938）旗下新华三集团在上海举行战 略合作签约仪式。双方将基于新华三可信数据空间解决方案，聚焦数据要素流通中安全、合规与权属的 核心挑战，共同构建"基础设施—流通机制—价值实现"全链条体系，为全国一体化数据市场建设提供可 落地的技术支撑与生态实践，助力数据要素高效流通与价值释放。 ...

Core Insights - The launch of five public data products by Jiangsu Cable Data Network Co., Ltd. marks a significant step in promoting public data authorized operations and value release in Nanjing's data service ecosystem [1][2] Group 1: Product Launch and Features - The five API data products focus on key information throughout the entire lifecycle of enterprises, including establishment, operation, changes, anomalies, and cancellations [1] - These products are designed to address high-frequency application scenarios such as market transactions, business cooperation, and risk management, facilitating real-time, secure, and efficient data flow [1][2] Group 2: Demand Orientation and Application Scenarios - The public data products are characterized by clear demand orientation, rich application scenarios, and highlighted data value, catering to core needs in enterprise operations [2] - The service range includes commercial cooperation, industrial chain analysis, supply chain management, and human resources, promoting industrial upgrades and enhancing cross-enterprise and departmental collaboration efficiency [2] Group 3: Collaborative Innovation - The successful launch of these products exemplifies a collaborative innovation between the data trading platform and product developers, showcasing complementary advantages [2] - The Nanjing Regional Operation Center aims to improve the "compliant supply + market adaptation" service mechanism in accordance with the "Data Twenty Articles" requirements, ensuring compliant circulation and precise application of data products [2]

每经AI快讯，申菱环境（SZ 301018，收盘价：55.03元）12月15日晚间发布公告称，截至本公告日，公 司及其控股子公司的担保额度总金额为人民币2亿元（不含本次），为公司对全资子公司的担保。截至 本公告日，公司及控股子公司对外担保总余额为1.29亿元，占上市公司最近一期经审计净资产的 5.06%。 2024年1至12月份，申菱环境的营业收入构成为：数据服务行业占比51.31%，特种行业占比23.33%，工 业行业占比20.26%，公建及商用行业占比4.61%，其他业务占比0.49%。 截至发稿，申菱环境市值为146亿元。 每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ （记者 王晓波） ...

商务部等6部门印发《促进服务外包高质量发展行动计划》。其中提出，打造数字贸易产业集群。支持 有条件的地方建立国际认可的数据安全和隐私保护机制，推动数字经济和实体经济深度融合，建设数字 贸易产业集聚区。着力优化数字营商环境，培育壮大产业实力，积极发展国际数据服务业务，探索建立 境外数据存储、加工、交易的数据服务产业链，加快发展数字贸易新业态新模式，培育对外贸易新增长 点。 ...

钛媒体App 12月15日消息，商务部等6部门印发《促进服务外包高质量发展行动计划》。计划指出，打 造数字贸易产业集群。支持有条件的地方建立国际认可的数据安全和隐私保护机制，推动数字经济和实 体经济深度融合，建设数字贸易产业集聚区。着力优化数字营商环境，培育壮大产业实力，积极发展国 际数据服务业务，探索建立境外数据存储、加工、交易的数据服务产业链，加快发展数字贸易新业态新 模式，培育对外贸易新增长点。（商务部网站） ...

Core Insights - Qichacha Technology Co., Ltd. has submitted its prospectus to list on the Shanghai Stock Exchange, marking it as the first data service provider to be accepted for listing [1] - The company has established itself as a significant data support platform across various sectors due to its extensive enterprise information database and strong analytical capabilities [1] Group 1: Industry Trends - The value anchor in the industry is shifting from merely connecting information to building trust, as the abundance of information has become a burden rather than a resource [3] - The real challenge lies in discerning authenticity, clarifying relationships, and identifying trends from the overwhelming flow of information to reduce decision-making uncertainty [3] Group 2: Company Developments - In 2025, the company aims to transition from being an "information connector" to a "trust builder" in commercial relationships, emphasizing the need for deep analysis over mere data listing [3] - The company has validated its service value by providing high-quality business data and industry chain analysis solutions to various sectors, proving the effectiveness of its "data + insight + decision support" model [4] Group 3: Technological Integration - The introduction of AI models and intelligent tools has shown significant potential in understanding complex business relationships and conducting predictive analysis, reinforcing the importance of ongoing AI research and development [4] - The company is integrating AI deeply into its services, ensuring that technology enhances business insights rather than remaining a standalone feature [5] Group 4: Strategic Focus - The company emphasizes "fusion" as a key theme for 2025, focusing on the integration of technology with business, data with knowledge, and online with offline services [5] - Collaborations with local governments and industrial clusters are being explored to combine online data analysis capabilities with real-world business services, enhancing the practical application of data [5] Group 5: Future Aspirations - The company envisions becoming an indispensable "infrastructure-level" trust partner in the commercial landscape, akin to utilities like water and electricity [6] - Future efforts will focus on building a "trustworthy data foundation" and creating an "open and win-win ecosystem" to play a crucial role in the growing digital economy [6]

天眼查显示，近日，广西数据集团有限公司成立，法定代表人为周飞，注册资本10亿元人民币，经营范 围包括互联网数据服务、大数据服务、数据处理服务、数据处理和存储支持服务等，由广西壮族自治区 人民政府国有资产监督管理委员会、广西投资集团有限公司、广西国控资本运营集团有限责任公司、广 西北部湾投资集团有限公司共同持股。 （文章来源：每日经济新闻） ...