Core Insights - The 27th China International High-tech Achievements Fair (CIHTAF) opened in Shenzhen, attracting nearly 5,000 participating companies, showcasing innovations in high-tech fields [1][3] Group 1: Innovative Products - Chengdu Tianfu Xinqiong Technology Co., Ltd. presented a GaN quantum light source chip, a core component for quantum internet, achieving domestic breakthroughs in materials and device design [1] - Chengdu Jingchuang Haoda Medical Technology Co., Ltd. showcased an intelligent 3D medical printing system that boasts a printing efficiency 30 times greater than traditional methods [2] - The "AI Body Measurement Mirror" from Maizhaohui Health Technology (Sichuan) Co., Ltd. generates a health report in just 30 seconds of user interaction [2] Group 2: Business Activities - CIHTAF emphasizes not only high technology but also transaction and cooperation, with over 200 events scheduled to facilitate communication and collaboration among participants [3] - Companies are actively seeking partnerships across various sectors, including AI, biomedicine, and intelligent manufacturing, to enhance product applications and efficiency [4] - The event attracted over 100 international buyers and established zones for international investment and procurement, aiming to convert more exhibits into commercial products [4]

证券日报网讯彩讯股份11月14日在互动平台回答投资者提问时表示，量子科技作为前沿领域，技术研发 与产业化需要较长周期，公司对中科酷原的投资是公司面向未来的前沿战略布局，中科酷原已推出国内 首台原子量子计算机"汉原1号"。公司将持续关注其技术进展与产业化落地情况，具体收益将根据会计 准则确定，相关信息请以公司公告为准。 （文章来源：证券日报） ...

每经AI快讯，有投资者在投资者互动平台提问：投资量子方面什么时候可以有收益？ 彩讯股份（300634.SZ）11月14日在投资者互动平台表示，尊敬的投资者，您好！量子科技作为前沿领 域，技术研发与产业化需要较长周期，公司对中科酷原的投资是公司面向未来的前沿战略布局，中科酷 原已推出国内首台原子量子计算机"汉原1号"。公司将持续关注其技术进展与产业化落地情况，具体收 益将根据会计准则确定，相关信息请以公司公告为准。感谢您的关注。 （文章来源：每日经济新闻） ...

Core Viewpoint - The article emphasizes the importance of achieving a moderate level of development for China by 2035, with a focus on enhancing GDP and fostering emerging industries to adapt to global economic changes [2][5][14]. Group 1: Economic Development Goals - The target is to exceed the threshold of $20,000 in per capita GDP by 2020 standards and to double the per capita GDP by 2035 compared to 2020 levels [2]. - Achieving a moderate level of development is seen as crucial for China's economic strategy moving forward [2]. Group 2: Emerging Industries - The "14th Five-Year Plan" aims to develop new pillar industries such as renewable energy, new materials, aerospace, and low-altitude economy [5]. - There is a call for a focus on key areas like quantum technology, biomanufacturing, hydrogen energy, and sixth-generation mobile communication to drive future industrial growth [6]. Group 3: Regional Innovation Systems - The establishment of regional innovation systems is essential, involving collaboration among government, enterprises, universities, and research institutions to enhance innovation capabilities [9]. - A tailored approach based on local resources and industrial foundations is recommended to prevent market bubbles and ensure sustainable development [6]. Group 4: Investment Strategies - Investment in physical assets (infrastructure, buildings, machinery) is crucial for solidifying the material and technical foundation for economic development [10]. - Investment in human capital (education, healthcare, skills training) is equally important for enhancing the capabilities and potential of the population [10]. Group 5: Digital Trade - Digital trade, characterized by data as a key production factor and digital services, is rapidly growing and is identified as a new trend in international trade and economic growth [12]. Group 6: Energy Strategy - Building an energy powerhouse is highlighted as a significant goal, with energy security being critical for national stability and development [13][14]. - The transition to green and low-carbon energy sources is emphasized as a timely and necessary step in the current global context [14].

Group 1 - The 27th China International High-tech Achievements Fair will be held in Shenzhen, covering an exhibition area of 400,000 square meters with 22 specialized exhibition areas, expecting over 450,000 professional visitors [1] - The event serves as a showcase of past five years' technological innovations and a platform for future technological development, emphasizing its role as "China's No. 1 Science and Technology Exhibition" [1] - Nearly 5,000 enterprises are expected to exhibit their latest technologies and products, with over 90% of the exhibits being physical items, and more than 60 launch and roadshow events planned [1] Group 2 - The Futian exhibition area will host a technology innovation achievement release conference, featuring over 150 innovative exhibits from more than 50 tech companies, highlighting breakthroughs in quantum technology, biomedicine, and smart hardware [2] - The Bao'an district will showcase over 100 quality benchmark enterprises, focusing on core technology advantages in smart manufacturing and high-quality development [2] - Bao'an district has implemented detailed measures to ensure the fair's success, including a "convention + cultural tourism" integrated work plan [2] Group 3 - The fair will focus on promoting transactions and creating new practical effects, aiming to convert high-tech projects into productive forces through the Shenzhen Innovation Service System [3] - Numerous industry procurement conferences will be organized, with over 1,000 professional procurement teams and dedicated international procurement matching zones for new energy and AI sectors [3] - Shenzhen aims to leverage the fair to enhance international and domestic market connections, promote investment, and improve the flow of high-tech products [3]

Group 1 - The 27th China International High-tech Achievements Fair will be held in Shenzhen, covering an exhibition area of 400,000 square meters with 22 specialized exhibition areas, expecting over 450,000 professional visitors [1] - The event serves as a showcase of past five years' technological innovations and a platform for future technological development, emphasizing the importance of high-level technological self-reliance [1] - Nearly 5,000 enterprises are expected to exhibit their latest technologies and products, with over 90% of the exhibits being physical items, and more than 60 events for product launches and roadshows planned [1] Group 2 - The Futian exhibition area will host a technology innovation achievement release conference, featuring over 150 innovative exhibits from more than 50 tech companies, highlighting breakthroughs in AI, quantum technology, and biomedicine [2] - Bao'an District will select over 100 quality benchmark enterprises to showcase their core technological advantages in intelligent manufacturing, including an "AI production circle" and "AI city vitality circle" [2] - Bao'an District has implemented detailed measures to ensure the fair's success, including a "conference + cultural tourism" integrated work plan [2] Group 3 - The fair will focus on promoting transactions and creating new practical effects, aiming to convert high-tech projects into productive forces through the Shenzhen Innovation Service System [3] - Numerous industry procurement conferences will be organized, with over 1,000 professional procurement teams and dedicated international procurement matching zones for new energy and AI sectors [3] - Shenzhen aims to leverage the fair to enhance international and domestic market connections, promote high-quality development of high-tech industries, and attract foreign investment [3]

Core Viewpoint - The A-share market is currently experiencing a "tug-of-war" around the 4000-point level, with accelerated sector rotation and intensified capital competition as the year-end approaches and outlook for 2026 is considered [1] Market Overview - The Shanghai Composite Index is in a phase of consolidation, with a lack of strong catalysts leading to a relatively stable market momentum, characterized by oscillation and accumulation [1] - The internal market dynamics show a significant increase in the speed of style and sector rotation, with profit opportunities concentrating in specific sub-sectors [1] - A "wait-and-see" strategy is recommended to avoid risks associated with chasing trends [1] Mid-term Market Outlook - The core support logic for the market is becoming clearer, with similarities drawn to the market conditions of 2020-2021, driven by policy guidance, industrial upgrades, and capital resonance [1] - The market is currently in the early stages of a new policy-driven and industry trend-driven cycle [1] - The fourth quarter is expected to be more stable, with November entering an earnings vacuum period, while the "14th Five-Year Plan" provides new hotspots for the market [1] Strategic Outlook for 2026 - The performance of RMB-denominated equity assets is strategically favored for three reasons: 1. The rise of new economic drivers in China, such as advanced manufacturing and technological innovation, is expected to drive a re-evaluation of China's growth model by overseas capital [1] 2. A marginal easing of Sino-US relations is anticipated to enhance risk appetite [1] 3. Increasing certainty of global liquidity easing is expected to support the RMB and equity markets [1] - Incremental capital sources for the market in 2026 are likely to come from foreign investment and public funds, with a gradual appreciation of the RMB against the USD expected [1] Asset Allocation Strategy - A balanced asset allocation strategy is recommended for the fourth quarter, with an emphasis on defensive and recovery opportunities [2] - High-dividend sectors are highlighted as valuable alternatives to deposits and real estate in a low-interest-rate environment [2] - The mid-term focus remains on technology growth and advanced manufacturing, with an emphasis on domestic production processes and new productive forces [2] - Key sectors for investment include new energy, new materials, aerospace, and strategic emerging industries as outlined in the "14th Five-Year Plan" [2]

Core Viewpoint - The A-share market is experiencing a tug-of-war around the 4000-point level, with accelerated sector rotation and intensified capital competition as the year-end approaches and looking ahead to 2026 [3] Market Overview - The Shanghai Composite Index is currently in a phase of consolidation, with a lack of strong catalysts leading to relatively stable market momentum. The market is expected to exhibit a pattern of oscillation and accumulation [3] - Internal market dynamics show a significant increase in the speed of style and sector rotation, with profit opportunities concentrating in specific sub-sectors [3] Short-term Strategy - A "watch and wait" strategy is recommended to avoid the risks of chasing highs and cutting losses, as investors adopt a more cautious approach near year-end [3] Mid-term Outlook - The core support logic for the market is becoming clearer, with similarities to the 2020-2021 market conditions. The current market is in the early stages of a new policy-driven and industry trend-driven cycle [3] - The "14th Five-Year Plan" is expected to provide new hotspots for the market, leading to a stable A-share market towards the end of the year [3] Long-term Perspective (2026) - The outlook for RMB-denominated equity assets is strategically optimistic due to three main reasons: 1. The rise of new economic drivers in China, such as advanced manufacturing and technological innovation, is expected to drive a re-evaluation of China's growth model by overseas funds [3] 2. A marginal easing of Sino-U.S. relations is likely to enhance risk appetite [3] 3. Increasing certainty of global liquidity easing will support the RMB and equity markets [3] - Incremental capital sources for the market in 2026 are likely to come from foreign investment and public funds, with a gradual appreciation of the RMB against the USD anticipated [3] Asset Allocation Strategy - A balanced asset allocation strategy is recommended for the fourth quarter, with an emphasis on defensive and recovery opportunities in the short term [4] - High-dividend sectors are highlighted as important alternatives to deposits and real estate, while sectors such as finance, energy resources, public utilities, consumption, operators, and transportation are noted for their specific focus areas [4] - In the mid-term, the focus remains on technology growth and advanced manufacturing, with an emphasis on domestic production processes and new productive forces [4]

Group 1 - The lithium niobate crystal has multiple photoelectric effects, strong tunability, stable physical and chemical properties, and a wide optical transmission range, making it widely used in SAW filters, optical modulators, phase modulators, optical isolators, and electro-optic Q-switches [2] - Thin-film lithium niobate materials are becoming an important technological direction due to their higher integration and better performance, with domestic manufacturers having a competitive advantage in the LNOI field [2] - The lithium niobate industry chain includes upstream lithium niobate crystals and thin film materials, electron beam writing, and DUV lithography equipment, as well as midstream thin-film lithium niobate modulator chips and devices, and downstream applications, with domestic manufacturers participating in all segments [2] Group 2 - Guangku Technology focuses on products including lithium niobate modulators and possesses ultra-high-speed optical communication modulator chips and modules, which are core optical devices for long-distance coherent optical transmission and ultra-high-speed data centers [3] - Guoxin Technology has established joint laboratories for quantum chips with well-known companies in the quantum field, including Anhui Wentian Quantum Technology Co., Ltd. and its subsidiary Hefei Silizhen Chip Technology Co., Ltd. [3]

从国际情况看，主要发达国家都将未来产业视为未来竞争的关键，持续加大政策支持力度。美国积极布 局人工智能、量子信息及半导体等核心领域，持续实施税收、补贴等优惠政策，加大企业创新资金投 入。德国制定实施《国家工业战略2030》，强化工业软件、半导体设备等关键领域保护，推动制造业数 字化转型。相较之下，我国布局发展未来产业有三方面独特优势：一是拥有超大规模的市场优势，为新 技术、新业态提供了丰富的应用场景和快速迭代的机会；二是具备全球最完整的产业体系，有利于未来 技术成果的工程化、产业化落地和产业链协同；三是能够发挥新型举国体制优势，集中资源进行前沿技 术攻关和重大基础设施建设。 （文章来源：经济日报） 目前，我国未来产业的关键核心技术自主创新能力仍然不强，工业机器人、智能传感器、先进控制系统 等高端设备仍依赖进口。数据基础建设仍然不足，相关企业整体数智化水平参差不齐，广大中小微企业 仍然依赖传统的生产模式，提升智能化水平仍然任重道远。数据流通和协同效率较低，信息孤岛现象严 重，数智化生态系统建设亟待加强。智能制造工程师、数据分析师、工业软件开发人员等专业人才相对 缺乏。因此，前瞻布局未来产业，关键是要坚持以数智化 ...