Core Insights - The State Administration for Market Regulation and the Ministry of Industry and Information Technology have jointly released the first batch of "Top Ten Key Projects" to support the development of new quality productivity in various industries [1] - The focus is on addressing technical challenges in key sectors such as new generation information technology, artificial intelligence, aerospace, new energy, new materials, high-end equipment, biomedicine, quantum technology, integrated circuits, and instruments [1] Group 1: Key Projects - In the integrated circuit sector, a project aimed at building measurement and standardization capabilities for critical structure sizes in semiconductor chip packaging will enhance the strength of "China's chips" [1] - In the quantum technology field, a project to improve measurement capabilities for absolute gravity using cold atoms under motion conditions will challenge the conversion of quantum achievements [1] - An artificial intelligence project focused on building a data-driven intelligent perception measurement testing platform will outline the measurement posture in the digital age [1] Group 2: Future Developments - In the new generation information technology sector, a project supporting 400G/800G optical communication measurement technology for the development of 5G/6G and artificial intelligence industries is expected to provide precise "navigation" for future communications [1] - These initiatives are anticipated to yield advanced results that support the development of new quality productivity across various industries [1]

从体系化推出政策"组合拳"，到开放场景搭建"试炼场"，再到构建全链条"雨林式"创新生态……江苏无 锡依托扎实的产业基础和精准的前瞻视野，因地制宜建立起融合创新的"坐标系"，在科技与产业的双向 奔赴中，推动未来产业发展串珠成链、集群成势。同时，在高质量发展进程中，科技创新这一"关键变 量"正加速转化为"最大增量"，产业创新这一"核心引擎"则正在成为"关键动能"。 前瞻视野牵引未来产业加速"起飞" 无锡提速布局未来产业，既立足当前，又着眼长远。 去年4月，《无锡市加快培育发展未来产业的实施意见》发布，提出系统构建"5+X"未来产业发展体 系，打造具有世界影响力的未来产业创新高地。 基于"465"现代产业集群中明确的人工智能、量子科技、第三代半导体、氢能和储能、深海装备5大未来 产业方向，无锡瞄准细分赛道拓展方向，首批选取低空经济、人形机器人、商业航天、元宇宙、合成生 物、高端膜材料等6个新赛道作为"X"。物联网产业"以应用带产业、以示范拓市场、以模式促推广"的经 验路径，为无锡发展未来产业提供了参考。 在量子科技领域，无锡加速跑向国内城市"第一梯队"。据统计，今年前三季度，无锡量子科技产业总营 收约2.3亿元，较 ...

Market News - The three major US stock indices closed mixed, with the Dow Jones up 1.18%, S&P 500 up 0.21%, and Nasdaq down 0.25% [1] - International gold prices continued to rise, with spot gold up 0.34% at $4129.75 per ounce, and COMEX gold futures up 0.36% at $4136.7 per ounce [1] - International oil prices increased, with WTI crude oil up 1.33% at $60.93 per barrel, and Brent crude oil up 1.56% at $65.06 per barrel [1] - European stock indices all closed higher, with Germany's DAX up 0.53%, France's CAC40 up 1.25%, and the UK's FTSE 100 up 1.15% [1] Industry Insights - Tesla is preparing to expand its Texas Gigafactory to build a dedicated facility for mass production of its humanoid robot, Optimus, aiming for an annual production capacity of 10 million units by 2027 [2] - The humanoid robot industry is expected to see significant growth starting in 2025, driven by advancements in component performance and cost reduction [2] - Key beneficiaries in the humanoid robot sector include core supply chains and application scenarios, with concept stocks such as Hanyu Group, Haoshi Electromechanical, and Hanwei Technology [2] - Anhui Province is advancing in quantum technology, with plans to implement nearly 300 application scenarios by the end of this year and 1,000 by 2027 [3] - Recent breakthroughs in quantum computing have been achieved, particularly in atomic quantum computing, which could enhance the stability and speed of operations [3] - The MEMS optical switch market is projected to grow at a compound annual growth rate of 25% from 2024 to 2025, with concept stocks including Keda Technology, Saiwei Electronics, and Puyuan Precision [4] - Shanghai Ladder Medical Technology's implantable wireless brain-machine interface system has entered the special review process for innovative medical devices, marking a significant step in the commercialization of this technology [3][6] - The global brain-machine interface medical application market is expected to reach $40 billion by 2030 and $145 billion by 2040, indicating substantial growth potential [5][6] - Key concept stocks in the brain-machine interface sector include Zhongke Information, Guanhao Biological, and Aipeng Medical [6]

Core Insights - The quantum technology sector is experiencing significant advancements, with both policy support and technological breakthroughs driving growth [2][3][4] - The global quantum computing industry is projected to grow from $4.7 billion in 2023 to over $800 billion by 2035, indicating substantial market potential [4] - A total of over 60 A-share companies are involved in quantum technology, with significant R&D investments, particularly in quantum security chips and modules [4][5] Policy Developments - Anhui Province is focusing on scaling quantum technology applications, aiming to implement nearly 300 application scenarios by the end of this year and 1,000 by 2027 [2] Technological Breakthroughs - Domestic advancements include a new architecture for atomic quantum computing that addresses challenges in high parallelism, speed, and stability [3] - Internationally, a team from the University of Chicago has theoretically extended the connection distance between quantum computers to 2,000 kilometers [3] Industry Growth and Investment - In the first three quarters of this year, A-share companies involved in quantum technology reported a total R&D expenditure of 69.47 billion yuan, accounting for 3.86% of total revenue [4] - Notable companies with high R&D expenditure include China Mobile, ZTE, and China Telecom, with 国芯科技 leading at 89.03% of revenue spent on R&D [4][5] Market Opportunities - Quantum communication, particularly quantum key distribution (QKD), is identified as the most mature and commercially viable area within quantum technology [3] - Quantum measurement is also highlighted as an early revenue-generating sector, akin to "hidden champions" in niche markets [3]

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) of China has issued a notification to accelerate the systematic layout and high-level construction of manufacturing pilot platforms, aiming to establish a modern pilot platform system by the end of 2027 [2][3]. Summary by Sections Overall Requirements - The notification emphasizes the importance of promoting new industrialization and aims to strengthen the role of pilot platforms as key nodes connecting the innovation chain, technology chain, and industrial chain [7]. Main Tasks - The notification outlines three main tasks for the development of pilot platforms: 1. **Strengthening a Batch of Pilot Platforms**: Focus on strategic positioning, basic capabilities, technological advantages, operational mechanisms, service effectiveness, and future potential to elevate pilot platforms to higher levels [8]. 2. **Activating a Batch of Pilot Platforms**: Implement targeted support and enhance the internal development dynamics and competitiveness of pilot platforms [9]. 3. **Supplementing a Batch of Pilot Platforms**: Focus on key industries such as artificial intelligence, humanoid robots, quantum technology, clean low-carbon hydrogen, biomedicine, and new materials to address supply shortages in critical areas [9]. Construction Goals - The construction goal of the pilot platforms is to create a comprehensive public service system that enhances pilot capabilities and service effectiveness, accelerates the engineering breakthroughs of innovative achievements, and promotes the deep integration of technological and industrial innovation [5]. Work Arrangements - Local industrial and information departments are required to mobilize eligible pilot platforms to apply for inclusion in the reserve list by specific deadlines, ensuring a systematic approach to the development of pilot platforms [10]. Work Requirements - Emphasis is placed on establishing a stable investment mechanism, a scientific operational mechanism, and an efficient support mechanism to enhance the overall development effectiveness of pilot platforms [12].

Core Insights - Quantum technology is viewed as the "key" to the next generation of information technology revolution, with significant breakthroughs in both policy and technology [1][3]. Policy Developments - The Anhui Provincial Development and Reform Commission announced that quantum technology is transitioning from technological breakthroughs to large-scale industrial applications, aiming to implement nearly 300 application scenarios by the end of this year and 1,000 by 2027 [1]. - The United Nations Educational, Scientific and Cultural Organization (UNESCO) has declared 2025 as the "International Year of Quantum Science and Technology" to commemorate the 100th anniversary of quantum mechanics [3]. Technological Advancements - A team from the Chinese Academy of Sciences has made significant progress in neutral atom quantum computing, proposing a new architecture based on fiber arrays that addresses challenges in achieving high parallelism, speed, and stability [1]. - Researchers at the University of Chicago have theoretically extended the connection distance between quantum computers to 2,000 kilometers, making the construction of a global quantum internet more feasible [2]. Industry Growth Potential - Quantum technology, encompassing quantum computing, quantum communication, and quantum precision measurement, is identified as a future industry with substantial growth potential, as highlighted in the 14th Five-Year Plan [3]. - The global quantum computing industry is projected to grow from $4.7 billion in 2023 to over $800 billion by 2035 [3]. R&D Investment - Over 60 companies in the A-share market are involved in quantum technology, with a total R&D expenditure of 69.47 billion yuan, accounting for 3.86% of total revenue [4]. - Among these, 35 companies reported R&D expenses exceeding 100 million yuan in the first three quarters, with seven companies surpassing 1 billion yuan [5]. Key Players and Financial Metrics - Notable companies include Guoxin Technology, which has the highest R&D expense-to-revenue ratio at 89.03%, and has successfully commercialized quantum security chips [5][6]. - Other companies with significant R&D investments include Suzhou Keda, Tianrongxin, and Digital Certification, with varying R&D expense ratios [5][6]. Institutional Interest - Institutional interest is high for companies like ZTE Corporation and China Mobile, with ZTE receiving ratings from 23 institutions [7]. - Forecasts indicate that nine companies are expected to achieve net profit growth rates exceeding 15% from 2025 to 2027 [7]. Market Predictions - Several stocks, including China Haifang and Keda Technology, are projected to have significant upside potential based on institutional target prices [8].

这项突破并非来自新发现的材料，而是源于制造工艺的革新。传统方法采用"直拉法"，即将原料在超过 2000摄氏度的高温熔炉中熔化，再缓慢冷却结晶，随后通过化学蚀刻"雕刻"出所需器件。而现在团队改 用了一种名为分子束外延的技术，逐层喷涂原子，像3D打印一样精准构建晶体结构。 量子光学领域先驱、西班牙巴塞罗那光子科学研究所教授于格·德·里德马滕未参与此项研究，他评论 称，该项工作极具创新性，为未来规模化生产可联网量子比特开辟了一条可行路径。 下一步，团队将验证延长的相干时间是否真能支撑长距离量子通信，他们已计划模拟跨城市通信场景。 美国芝加哥大学普利兹克分子工程学院团队突破了量子通信瓶颈，从理论上将量子计算机之间的连接距 离大幅扩展至2000公里。按照这一进展，原本无法"对话"的芝加哥大学量子计算机，现在甚至能与远在 犹他州盐湖城郊外的设备建立联系。团队表示，这意味着构建全球规模量子互联网的技术首次真正"触 手可及"。这一研究成果发表在最新一期《自然·通讯》上。 量子计算机以其强大的计算能力和惊人的运算速度著称，但长期以来，它们难以实现长距离互联。此 前，两台量子计算机通过光纤连接的最远距离仅有几公里，这意味着即便铺 ...

Group 1: Policy Initiatives on Renewable Energy - The National Development and Reform Commission and the National Energy Administration released guidelines to promote the consumption and regulation of renewable energy, emphasizing the need to upgrade intelligent control technologies and accelerate the application of advanced technologies like AI, big data, and cloud computing in the coordination of main and distributed microgrids [1] - The guidelines call for breakthroughs in large-capacity long-duration energy storage technologies, including innovations in flow batteries, compressed air storage, and gravity storage, as well as enhancing the flexible regulation capabilities of newly built pumped storage power stations [2] - The policy aims to establish a market rule system that accommodates renewable energy participation in electricity markets, supporting direct trading models for distributed renewable energy and storage [3] Group 2: Future Goals for Energy Systems - By 2030, a multi-level renewable energy consumption regulation system is expected to be established, ensuring the integration and efficient operation of renewable energy sources, with an annual demand for 200 million kilowatts of new energy consumption to be met [4] - By 2035, a new power system compatible with a high proportion of renewable energy is projected to be fundamentally established, further improving the renewable energy consumption regulation system [4] Group 3: Development of Application Scenarios - The Guangdong Provincial Development and Reform Commission plans to expand major application scenarios in areas such as unmanned systems and intelligent manufacturing, focusing on promoting and implementing significant application scenarios [5] - The Ministry of Science and Technology aims to strengthen the development of key core technologies and their transformation into practical applications, emphasizing a coordinated approach to technology development, standard formulation, and industry cultivation [6] - Anhui Province is set to implement a quantum information application scenario initiative, targeting the establishment of 300 application scenarios by the end of 2025 and 1,000 by 2027 [7][8] Group 4: Enhancing Scene Supply and Application - The State-owned Assets Supervision and Administration Commission will collaborate with relevant departments to enhance the supply of high-value application scenarios and promote the integration of technological and industrial innovation [9] - The National Development and Reform Commission supports the construction of comprehensive major scenarios and high-value small-scale scenarios, aiming to create a positive cycle of scenario release, application, feedback, and optimization [10] - Emphasizing the importance of collaboration, the National Development and Reform Commission highlights the need for standardized logistics to reduce costs and improve efficiency in multi-scenario integration [11]

北京商报讯（记者 金朝力 程靓）11月10日，国务院新闻办公室举行国务院政策例行吹风会，介绍加快 场景培育和开放推动新场景大规模应用有关情况。会上，安徽省发展改革委主任陈军表示，安徽的量子 科技正处于从技术突破迈向规模化产业应用的关键时期。安徽推动实施量子信息"千家场景"行动，到今 年年底将落地近300个应用场景，到2027年将落地1000个应用场景。 ...

Core Viewpoint - The Chinese government emphasizes the importance of creating application scenarios to accelerate the commercialization of "black technology" and enhance new productive forces, ultimately supporting high-quality economic and social development [1][2]. Group 1: Importance of Scenarios - Scenarios are likened to "experimental fields" for testing new technologies, which are essential for transforming "black technology" into new productive forces [1]. - The government aims to build various types of scenarios, including comprehensive major scenarios and high-value niche scenarios, to facilitate the rapid application of new technologies and products [1][2]. Group 2: Challenges and Solutions - Despite the potential of "black technology," large-scale commercial applications face challenges, such as the need for policy adjustments and technological upgrades [2]. - The approach of "testing in small areas" is suggested to address development issues, allowing for gradual exploration and problem-solving [2][3]. Group 3: Role of Government and Market - The government is tasked with expanding the supply of production, work, and living scenarios to encourage social capital investment and facilitate the transformation of technological achievements into productive forces [3]. - Opening up scenario resources is expected to stimulate market competition, enabling companies to benefit from technological advancements and efficiency improvements [3]. Group 4: Future Growth Areas - The "14th Five-Year Plan" suggests promoting emerging industries such as quantum technology, biomanufacturing, hydrogen energy, and brain-computer interfaces as new economic growth points [3]. - Establishing typical application scenarios for these future industries, along with innovative regulatory approaches, is crucial for fostering the development of small and medium-sized enterprises and nurturing unicorn companies [3].