Core Insights - The latest "Beijing-Tianjin-Hebei Collaborative Innovation Index (2026)" indicates significant growth in collaborative innovation from 2013 to 2024, with the index rising from 100 to 388.0, reflecting an annual growth rate of 13.1% [3] Innovation Output - The number of SCI, SSCI, and A&HCI papers in the Beijing-Tianjin-Hebei region increased from 64,000 in 2013 to 230,000 in 2024, with an annual growth rate of 12.3%. The growth rates for Beijing, Tianjin, and Hebei were 11.0%, 13.8%, and 31.1% respectively [4] - Beijing ranks first globally in high-level scientific papers published in top journals, with 11,915 papers published in 2024, accounting for 17.1% of the national total [4] Industrial Collaboration - The "Six Chains and Five Clusters" initiative aims to enhance industrial collaboration among Beijing, Tianjin, and Hebei, with each city leading specific industrial chains. This initiative is transitioning from a conceptual framework to practical implementation [5] - The region has established several national advanced manufacturing clusters, including those focused on information technology, emergency equipment, integrated circuits, and smart connected vehicles [5] Strategic Recommendations - The report suggests that the Beijing-Tianjin-Hebei region should focus on enhancing collaborative innovation through strategic planning, particularly in future industries such as information technology, health, manufacturing, energy, materials, and space [6][8] - It emphasizes the need for increased R&D funding, particularly in Hebei, and the importance of aligning innovation chains with industrial development to foster advanced manufacturing [6]

1月9日，荣科科技股价报收于20.21元。盘后公布的龙虎榜数据显示，因连续三个交易日内跌幅偏离值 累计达到30%，该股登上榜单。买卖席位呈现出明显的分歧，深股通与机构专用席位成为抛售主力，而 多个被市场视为散户大本营的东方财富证券拉萨营业部则出现在买入前列。 本文源自：市场资讯 与卖出席位的集中抛售形成对比，买入方则显得较为分散。买入金额最大的前五名席位合计买入2.33亿 元。其中，东方财富证券拉萨东环路第二营业部买入4147.47万元，东方财富证券拉萨东环路第一营业 部买入4094.09万元，东方财富证券拉萨金融城南环路营业部买入3429.22万元，东方财富证券拉萨团结 路第一营业部买入3377.82万元。这些营业部通常被市场认为是散户投资者聚集地。 作者：智投君 近期，市场对AI算力、数据中心等板块关注度较高。有券商研报指出，随着国内大厂加速投入，AIDC 和算力链有望迎来订单爆发，行业供需格局有望改善。荣科科技作为相关概念股，其股价波动及资金动 向受到市场密切关注。 数据显示，深股通专用席位在买卖两端均表现活跃，合计买入8256.61万元，但同时卖出9810.03万元， 呈现净卖出状态。卖出金额最大的前 ...

证券日报网讯 1月9日，苏州科达在互动平台回答投资者提问时表示，公司在国产化算力、人工智能及 大数据应用等领域，拥有丰富的基于"云边端"技术架构的产品及解决方案的落地经验。在公司现有的气 象和应急等部分行业的解决方案中，已普遍应用了基于无人机的数据采集。星上应用AI进行数据处理 类似于端侧的AI应用，区别主要在于运行环境和通信技术上的差异，公司与华师大的合作旨在打通卫 星至地面节点+无人机的数据采集、存储和计算整体框架，提升数据获取和处理的时效性和全面性，从 而形成一个完整的闭环。 （文章来源：证券日报） ...

（编辑 姚尧） 证券日报网讯 1月9日，星网锐捷在互动平台回答投资者提问时表示，星网锐捷旗下星网视易开展脑机 疗愈业务，基于多模态生理信号的非侵入式情绪评估模型，为心理亚健康人群提供情绪解决方案，设立 时间短，目前规模较小。后续公司会根据实际情况制定相应的发展策略。 ...

Core Insights - The Chinese M&A market experienced significant growth in 2025, with a total of 8,151 disclosed transactions and a transaction volume of approximately 25,894 billion yuan, representing a year-on-year increase of about 16.12% [1] - The recovery of the M&A market is attributed to a combination of policy, industry, and capital resonance, marking a shift in China's economic development from "quantity increase" to "quality improvement" [1][3] - The trend indicates a transition in the regulatory framework from "fatherly" control to a "market-friendly" service model, significantly reducing institutional transaction costs and enhancing market vitality [1][3] Regional Distribution - Beijing led the M&A market with a transaction volume of 10,930 billion yuan, up 48.59% year-on-year; Shanghai followed with 6,092 billion yuan, down 14.92%; and Guangdong ranked third with 4,593 billion yuan, down 17.89% [2] - There were 28 M&A events exceeding 100 billion yuan, with notable transactions including China Shenhua's acquisition of Guoyuan Power at 1,335.98 billion yuan, and CICC's mergers with Dongxing Securities and Xinda Securities at 1,142.75 billion yuan [2] Industry Distribution - The industrial sector led M&A activity with a transaction volume of 7,605 billion yuan, up 11.67% year-on-year; the real estate sector saw a remarkable increase of 549.36% to 4,443 billion yuan; and the information technology sector reached 2,855 billion yuan, up 35.84% [2][3] - The significant growth in the real estate sector is attributed to necessary asset-liability restructuring, with many transactions aimed at project clearance and risk mitigation [3] M&A Trends and Strategies - The industrial sector's M&A activity reflects a shift from "spreading out" to "stepping up," focusing on enhancing supply chain resilience and precision [3][4] - Horizontal integration M&A events accounted for 5,966 billion yuan, representing 22.70% of total transaction volume, indicating a deep structural phase of "stock reshuffling" across various industries [4] - Companies are increasingly pursuing "structural power" through horizontal mergers, aiming to establish stronger competitive barriers and enhance management efficiency and technological innovation [4] Future Outlook - In 2026, two key areas of focus are expected: strategic acquisitions in hard technology industries, particularly in semiconductors and industrial software, and professional integration led by state-owned enterprises in sectors like new energy and high-end equipment [5] - Cross-border M&A in the high-tech sector is anticipated to gain momentum as Chinese companies seek to acquire advanced technologies and talent globally, enhancing their position in the global tech supply chain [5][6]

证券日报网讯1月9日，中科信息（300678）在互动平台回答投资者提问时表示，公司与中国民用航空飞 行学院、北京航空航天大学成都创新院是低空联合创新战略合作伙伴，与中飞院在科研合作、学生实习 与就业、联合实验室建设领域深入合作；与北航成都创新院在航空航天智能制造技术研发、空天信息技 术创新及共建联合实验室方面达成合作。在与两家单位合作的基础上，公司将联合生态合作伙伴，在低 空智能交通管控模型、无人机适航认证技术、高能量密度电池等领域共同进行技术攻关，立足天府新区 开发建设低空智联网示范区，并率先在金融押运、应急救援、新型物流、公共安全、智慧农业等场景开 展落地应用。 ...

Core Viewpoint - The Shanghai Stock Exchange and China Securities Index Company have launched the "Comprehensive Index of the Sci-Tech Innovation Board" (科创综指) to provide a comprehensive view of the market, marking a new phase in the index system construction for the Sci-Tech Innovation Board [10][16]. Group 1: Index Overview - The Sci-Tech Innovation Comprehensive Index covers nearly all non-ST and *ST securities listed for over a year on the Sci-Tech Innovation Board, with a sample size of 576 stocks and a market capitalization coverage exceeding 90% [13][14]. - The average total market capitalization of the index components is 16.3 billion [14]. Group 2: Market Performance - Since its launch, the Sci-Tech Innovation Comprehensive Index has shown a steady upward trend, achieving a growth rate of approximately 48% by December 31, 2025, significantly outperforming major broad-based indices [26]. - The index has gained 115% since September 24, 2024, reflecting market recognition of the value of hard technology assets [26]. Group 3: Financial Performance of Components - In the first three quarters of 2025, the index components collectively achieved operating revenue of 1.1 trillion, a year-on-year increase of 7.7%, and a net profit attributable to shareholders of 48.3 billion, with a year-on-year growth of 7.1% [23]. - The revenue and net profit growth rates have shown a quarterly increase, indicating the operational resilience of the listed companies [23]. Group 4: Product Ecosystem - The index has gained widespread recognition among investors, leading to a complete product chain that includes ETFs, linked funds, and enhanced products, facilitating efficient access to the development dividends of new quality productivity [32]. - As of December 31, 2025, 46 fund managers have launched a total of 78 index funds tracking the Sci-Tech Innovation Comprehensive Index, with a combined scale of 27.4 billion, making it the second-largest broad-based index for the Sci-Tech Innovation Board [32].

金力永磁公告，公司及全资子公司金力永磁（宁波）投资有限公司拟以自有资金合计不超过1.5亿元参 与设立嘉兴金磁股权投资合伙企业（有限合伙）。公司认缴出资不超过3000万元，金力宁波投资认缴出 资不超过1.2亿元。新基金将主要投资新一代信息技术、高端制造行业，以对未上市企业的股权投资为 主要投资方式。 ...

Core Viewpoint - The Hong Kong IPO market experienced a strong resurgence in 2025, with 114 companies completing listings and raising a total of 285.3 billion HKD, a 224% increase from 88.1 billion HKD in 2024, making it the largest IPO fundraising exchange globally [1][9]. Industry Analysis - The fundraising distribution in the Hong Kong IPO market shows a clear structural characteristic, with significant differences in financing vitality and capital preferences across different sectors, highlighting the importance of understanding the market ecology [1][9]. - The top five industries—Industrial, Information Technology, Consumer Discretionary, Materials, and Healthcare—accounted for 90% of the total fundraising, raising a combined 260.2 billion HKD, demonstrating the strong appeal of core sectors to investors [1][9]. Major Fundraising Projects - Notably, the largest IPO projects in these five industries came from well-known companies, including CATL, which raised 41.0 billion HKD, and SANY Heavy Industry, which raised 15.3 billion HKD through A to H listings [3][11]. - The fundraising landscape changes significantly when excluding established companies, revealing that the top three industries for new entrants are Consumer Discretionary, Information Technology, and Healthcare, which collectively raised 72.5 billion HKD, representing 81% of the total for new entrants [4][12]. Sector Highlights - The Consumer Discretionary sector led the new entrants with a total fundraising of 30.2 billion HKD, driven by key players like Chery Automobile, which raised 10.4 billion HKD [6][14]. - The Information Technology sector also performed well, with 20 new entrants raising a total of 21.8 billion HKD, benefiting from the rise of robotics and artificial intelligence [6][14]. - The Healthcare sector raised 20.5 billion HKD, with 16 unprofitable biotech companies completing IPOs, accounting for 65% of the sector's total fundraising, showcasing the sector's potential as a financing platform for innovative medical enterprises [6][14]. Market Preferences - The distribution of industry fundraising aligns with market capital preferences, where established industries attract long-term capital due to stable profitability, while new sectors like Consumer Discretionary, Information Technology, and Healthcare are favored for their high growth potential [7][15].

创业板50ETF国泰（159375）跟踪的是创业板50指数（399673），单日涨跌幅达20%，该指数从深圳证 券交易所创业板市场中选取市值规模大、流动性好的50只股票作为样本，以反映创业板市场上最具代表 性的成长型及创新型企业的整体表现。指数成分股覆盖信息技术、医药生物等多个高新技术行业，集中 展现了中国创业板市场的核心资产特征。 1月9日，创业板50ETF国泰（159375）涨超0.5%，把握科技主线布局机遇。 相关机构表示，科技创新主线持续强化，人工智能、智能制造、半导体等战略性新兴产业成为推动指数 上行的核心动力。政策层面，"人工智能+"行动首次写入"十五五"规划建议，技术突破与产业应用加速 落地。同时，创业板50成分股盈利能力同步改善，2025年前三季度平均ROE同比提升1.26个百分点至 10.99%，呈现"高景气+高成长"特征。在资本市场高质量发展框架下，创业板50作为新经济代表指数， 将持续受益于科技创新、产业升级和制度红利的多重驱动。 （文章来源：每日经济新闻） ...