Group 1: Digital Identity Authentication - The National Network Identity Authentication Public Service Platform, developed by the Ministry of Public Security, can reduce over 20 million identity information leakage risks daily through a dual mechanism of "network number + network certificate" [1] - The market for network identity authentication in China reached 11.72 billion yuan in 2023, with expectations to exceed 30 billion yuan by 2030, maintaining a compound annual growth rate (CAGR) of over 15% [2] - Key demand sectors include finance, government, healthcare, and e-commerce, with finance being the largest segment [2] Group 2: Silicon Carbide (SiC) Industry - Wolfspeed, a global leader in the SiC sector, is preparing to file for bankruptcy due to significant debt issues, despite holding over 60% market share in SiC substrates [3] - The rise of domestic SiC semiconductor companies in China indicates a shift in the semiconductor industry, emphasizing the importance of technological autonomy and market depth [4] Group 3: Environmental Protection Initiatives - The Ministry of Ecology and Environment has released an action plan for the protection and construction of beautiful rivers and lakes, aiming for a 40% completion rate by 2027 [5] - This initiative is seen as a systemic project that impacts livelihood, economy, culture, and international influence, contributing to sustainable development [6] Group 4: Robotics Development - Tesla's CEO Elon Musk announced advancements in the Optimus robot, which can learn tasks by watching YouTube videos, highlighting the potential of the humanoid robot market to reach $5 trillion by 2050 [7] - The year is marked as a pivotal moment for robot mass production, with significant opportunities in optimizing robot performance and commercializing humanoid robots [8] Group 5: Computing Power Infrastructure - The launch of the China Computing Power Platform and Shanghai Computing Power Trading Platform aims to enhance digital economic transformation and is expected to exceed a market size of 40 billion yuan by 2025 [9] - The platform integrates various functionalities to support the national "East Data West Computing" initiative, promoting the development of intelligent computing centers [10] Group 6: Brain-Computer Interface Technology - A significant breakthrough in invasive brain-computer interface technology was achieved with the successful implantation of a "closed-loop spinal nerve interface," improving patient mobility [11] - Continuous advancements in invasive technologies are expected to enhance market recognition and accelerate the commercialization of non-invasive brain-computer interface products [12]

每经记者｜杨建 每经编辑｜彭水萍 （一）重要市场新闻 1、美股三大指数集体收跌，道指跌0.27%，纳指跌0.38%，标普500指数跌0.39%，大型科技股多数下 跌，亚马逊、谷歌跌超1%，苹果、英伟达跌近1%；贵金属板块涨幅居前，Vista黄金涨近18%，科尔黛 伦矿业涨超5%。中概股多数收跌，纳斯达克中国金龙指数跌0.65%，蔚来跌近2%，爱奇艺、小鹏汽车 跌超1%，阿里巴巴涨超1%。 2、国际金价走高，现货黄金涨1.86%，报3289.29美元/盎司；COMEX黄金期货涨1.83%，报3292.60美 元/盎司；COMEX白银期货涨2.32%，报33.26美元/盎司。国际油价微涨，美油主力合约收涨0.18%，报 62.25美元/桶；布伦特原油主力合约涨0.11%，报65.61美元/桶。欧洲三大股指收盘全线上涨，德国DAX 指数涨0.42%报24036.11点，首次站上24000点关口，再创历史新高，法国CAC40指数涨0.75%报7942.42 点，英国富时100指数涨0.94%报8781.12点。 3、据《金融时报》报道，5月20日，新一轮存款降息来袭，包括工行、中行、建行等多家银行纷纷下调 了活期存款 ...

这恐怕是科幻距离现实最近的一次。近日，上海阶梯医疗科技有限公司展示了一段受试者通过植入大脑 的脑机接口设备玩"马里奥赛车"游戏的视频。熟练地通过大脑控制小车避障，受试者的操作速度已经可 以比拟普通人用电脑触屏操作的速度。这一事件受到社会广泛关注。 继脑机接口公司Neuralink之后，今年3月，阶梯医疗成为全球第二家进入临床阶段的侵入式脑机接口公 司，产品有望于2028年上市。脑机接口技术正以惊人的速度突破科学边界，不仅将为医疗提供新的解决 方案、改善人类生活质量，也会对社会结构、经济模式等方面产生深远影响。 面对技术爆发的需求，要以市场为导向驱动脑机接口科技成果应用转化和新质生产力生成，推进完善产 业化、体系化发展途径，推动我国在脑机接口领域实现加速发展。引导高水平高校通过设置交叉学科等 方式，培育高质量复合型人才。构建"政产学研医金介用"协同创新机制，统筹攻关共性技术。鼓励校企 共建高水平科研创新平台，联合承接脑机接口领域重点攻关任务，解决产业化落地难题。带动相关行业 尽快打通技术链、补全人才链，构筑脑机接口产业链高质量发展的可靠底座。 此外，还需构建相应的治理框架。推动脑机接口标准化及标准化组织建设，鼓 ...

Core Viewpoint - Zhejiang University has played a significant role in China's higher education and has produced numerous successful entrepreneurs and investors, particularly in the field of technology and innovation [1][2]. Group 1: "Hangzhou Six Little Dragons" - The "Hangzhou Six Little Dragons" are notable for their focus on "hard technology," including artificial intelligence, robotics, and brain-computer interfaces, aiming to reshape industry logic and break technological barriers [2]. - Zhejiang University has been at the forefront of artificial intelligence since establishing its computer science department in 1978, becoming one of the first universities in China to offer an undergraduate program in AI in 2019 [2][3]. - Founders of several "Hangzhou Six Little Dragons" companies, such as DeepSeek and Cloud Deep Technology, are alumni of Zhejiang University, showcasing the university's influence on entrepreneurship [2][3]. Group 2: Alumni Achievements - As of May 17, 2024, 351 alumni from Zhejiang University hold key positions in 313 listed companies, indicating the university's strong entrepreneurial ecosystem [4][5]. - The "Future Entrepreneurs Cultivation Project," initiated in 1999, has produced 128 startups with a total market value exceeding 100 billion yuan, highlighting the university's commitment to fostering innovation [5]. - Zhejiang University's innovation culture emphasizes the integration of technological and industrial innovation, creating a vibrant ecosystem that supports startups at various growth stages [5]. Group 3: Notable Investors - Notable investors from Zhejiang University include Duan Yongping, known as the "father of industry" and "Chinese Buffett," who has made significant contributions to the tech industry and value investing [6][7]. - Duan Yongping has made substantial donations to Zhejiang University, supporting its development and infrastructure, reflecting his commitment to giving back to his alma mater [7]. - Other prominent investors include Chen Yuemeng, founder of Zhejiang Merchants Venture Capital, and Wang Huai, founder of Linear Capital, both of whom have made significant impacts in their respective fields [8][9][10].

Brain-Computer Interface (BCI) - The Beijing Tiantan Hospital has established a clinical and translational ward for brain-computer interface technology, marking the first clinical application of BCI in China. The ward will conduct clinical trials and promote the transformation of scientific research into practical applications [1] - BCI technology is recognized as a key core technology for human-machine interaction and is being developed in various fields including bionics, medical diagnosis, and consumer electronics. The Ministry of Industry and Information Technology has outlined plans to advance BCI technology and products [1] - McKinsey predicts that the global BCI industry could generate up to $200 billion in economic value over the next 10-20 years [1] IPv6 - The Chinese government has set goals for IPv6 deployment by the end of 2025, aiming for 850 million active users and 1.1 billion IoT IPv6 connections. The share of IPv6 traffic in fixed networks is expected to reach 27%, while mobile networks will exceed 70% [2] - The IPv6 market is expected to grow rapidly, driven by policies, technology, and demand, with significant investment opportunities across the industry chain [3] - By 2025, the global number of IPv6 device connections is projected to exceed 7.5 billion, with China's IPv6+ IoT market expected to surpass 250 billion yuan [3] Genetically Modified Organisms (GMO) - The Beijing Tongzhou International Seed Industry Science and Technology Park will hold a launch event for the "Jingbanxin 1.0" project, focusing on tomato breeding using solid-phase gene chip technology, which has been dominated by foreign companies [3] - The project aims to enhance China's self-sufficiency in seed technology and reduce reliance on foreign technology, addressing high research costs and technological constraints [4] - The gene chip market is in a growth phase, with China expected to become the second-largest market globally by 2030, supported by technological breakthroughs and favorable policies [4] Macro and Industry News - China dominates the global shipping industry, with eight of the top ten ports for cargo and six for container throughput located in the country [5] - Government bond issuance is accelerating, with a 17.7% year-on-year increase in national government fund budget expenditures from January to April [6] - A new high-proportion renewable energy grid control system has been developed in China, addressing the challenge of integrating large-scale renewable energy into the grid [7] - The National Development and Reform Commission plans to enhance policies for consumer goods replacement and large-scale equipment updates, with a focus on fixed asset investment projects in energy and high-tech sectors [7]

Group 1: Drone Industry - The "Jiutian" drone, which is a reconnaissance and strike integrated UAV, is set to make its maiden flight by the end of June 2023, featuring a wingspan of 25 meters, a maximum takeoff weight of 16 tons, a payload capacity of 6 tons, and a range of 7000 kilometers with a flight duration exceeding 12 hours [2] - The drone is equipped with a unique "heterogeneous hive mission cabin" that can hold over a hundred loitering munitions or small drones, earning it the nickname "airborne drone carrier" [2] - According to TrendForce, the global military drone market is expected to grow to $34.3 billion by 2025, with domestic demand for drones in China gradually recovering, indicating a potential turning point [2] Group 2: Brain-Computer Interface (BCI) Industry - The first clinical and translational ward for brain-computer interface technology in China has been established at Beijing Tiantan Hospital, aiming to provide innovative treatments for patients with neurological diseases such as hemiplegia [3] - McKinsey forecasts that the potential market size for BCIs in the medical field could grow from $40 billion in 2030 to $145 billion by 2040 [3] - According to Founder Securities, BCIs are expected to become a core technology for the next generation of human-machine interaction, with applications initially focused on medical rehabilitation and later expanding to education, entertainment, military, and industrial sectors [3] Group 3: Semiconductor Industry - Xiaomi's President Lu Weibing announced that products utilizing the self-developed "Xuanjie O1" chip will extend beyond smartphones, indicating a broader application of the chip technology [3] - The global technology sector is expected to see increased efforts in AI edge products, with SoC chips experiencing growth in both volume and price [4] - The introduction of DeepSeek, a low-cost, high-performance, open-source model, is anticipated to drive demand for SoC chips by advancing upstream inference and training chips, thereby promoting AI edge applications and hardware development [5] Group 4: Robotics Industry - NVIDIA's CEO Jensen Huang highlighted that most robotic systems developed so far lack the necessary production scale to sustain innovation and progress, suggesting a future where all mobile devices will become robots, potentially revolutionizing the industrial sector [5] - Haitong Securities noted that the deep integration of software and hardware is accelerating the commercialization of humanoid robots, with hardware performance improvements and cost reductions being key drivers for industry growth [5]

Focus Review - The new consumption sector and low-altitude economy are gaining attention, with companies like Bee Low Altitude and Shangfei Aviation completing significant funding rounds [2][4][9] - The hard technology sector is seeing a surge in interest, particularly in robotics, with companies like Weifen Zhifei and Zivariable Robotics securing substantial investments [11][12][20] - The health sector is focusing on life sciences, with companies such as Ningmei Haowei and Sailu Medical completing notable funding rounds [24][29] New Consumption - Bee Low Altitude completed an angel round financing led by Alpha Community [4] - Tezeus, an electric bicycle manufacturer, secured 50 million yuan in Pre-A round financing led by Wuxi Huishan Science and Technology [5] - Zhonglaoye Fresh Spicy Sauce received several million yuan in angel round financing from various investors [7] - RED CHAMBER completed nearly 100 million yuan in A and A+ round financing [8] Hard Technology - Weifen Zhifei completed several million yuan in angel and angel+ round financing, led by Lightspeed [11] - Zivariable Robotics announced the completion of Pre-A+++ and A rounds, raising several hundred million yuan [12] - Jiangling Technology secured several hundred million yuan in B and B+ round financing [14][15] Health Sector - Ningmei Haowei announced the completion of several tens of millions in angel round financing [24] - Sailu Medical completed an A+ round financing led by Fosun Pharma [29] - Baiyiyuan Biotechnology received several million yuan in strategic financing from Kangzhe Pharmaceutical [26]

Important Market News - The Ministry of Industry and Information Technology emphasizes the acceleration of 5G-A and 6G technology development to support the construction of a modern industrial system [1] - Focus on meeting enterprise development needs and enhancing market access, fair competition, and credit management systems [1] - Promotion of industrial internet infrastructure across regions and industries to support the high-end, intelligent, and green development of manufacturing [1] Industry Insights - The Ministry of Industry and Information Technology held a meeting to discuss the high-quality development of the industrial mother machine industry, which is crucial for modern industrial systems [2] - China's industrial mother machine market size is projected to grow from 631.36 billion in 2019 to 712.89 billion in 2024, driven by equipment upgrades and new industry demands [2] - The industrial mother machine industry is expected to see continued improvement in 2025 due to rising demand for high-end CNC machine tools [2][3] Automotive Industry Developments - The Ministry of Industry and Information Technology is seeking public opinion on mandatory standards for automatic emergency braking systems (AEBS), marking a shift from recommended to mandatory standards [4] - The new AEBS standard is expected to significantly increase the penetration rate of AEBS in vehicles, projected to exceed 60% by 2025 [5] - The current overall installation rate of AEBS in passenger vehicles is 56.5%, with higher rates in new energy vehicles [5] Brain-Computer Interface Advancements - The establishment of China's first clinical ward for brain-computer interface technology aims to transition from research-driven to clinically-driven applications [6] - The National Healthcare Security Administration has initiated a pricing project for new brain-computer interface technologies, paving the way for clinical applications [6][7] - Domestic companies in the brain-computer interface sector are expected to gradually achieve commercialization [7] Solid-State Battery Innovations - Guoxuan High-Tech has completed its first pilot line for solid-state batteries, with a design capacity of 0.2 GWh and plans for mass production [8] - The solid-state battery industry is anticipated to accelerate its industrialization process in the next 2-3 years, with key material and production technology advancements [8] - Companies involved in solid-state battery production are expected to benefit from expanding application spaces [8]

智通财经APP获悉，国内脑机接口进展不断。5月17日，北京天坛医院脑机接口临床与转化病房成立。 该病房由天坛医院联合国内多家科研机构共建，是我国首个将脑机接口技术应用于临床的病房。未来， 该病房将开展科研及临床试验，为偏瘫等神经系统疾病患者提供创新治疗。 脑机接口(Brain-Computer Interface，BCI)是一种通过技术手段，直接在大脑与外部设备(如计算机、机 械臂等)之间建立信息传输通路的系统。简单来说，它是大脑和机器之间的"翻译官"。 近年来，脑机接口技术飞速发展。5月8日，上海阶梯医疗科技有限公司(简称"阶梯医疗")的科学家们在 媒体沟通会上展示了一段视频，经过一个多月的训练，其脑机接口受试者已可以通过意念控制玩"马里 奥赛车"游戏。阶梯医疗的工作人员表示，这是国内首例侵入式脑机接口在注册前的前瞻性临床试验， 公司也成为继马斯克的Neuralink之后全球第二家进入临床阶段的侵入式脑机接口公司。 此外，近日据媒体报道，苹果正在深入研究脑机接口技术，与初创公司Synchron合作，探索通过脑信号 控制iPhone、iPad和Vision Pro等设备的可能性。这一前沿技术有望为瘫痪患者和行 ...

Regulatory Changes - The China Securities Regulatory Commission (CSRC) has released a decision to amend the "Major Asset Restructuring Management Measures for Listed Companies," introducing a simplified review process for certain restructuring transactions [5][6][7] - The new measures include a mechanism for phased payment of shares for asset purchases, increased tolerance for changes in financial conditions, and a six-month lock-up period for major shareholders in absorption mergers [6][7] Industry Developments - The establishment of the first clinical and translational ward for brain-computer interface technology at Beijing Tiantan Hospital marks a significant advancement in applying this technology in clinical settings [10][11] - The mandatory standard for automatic emergency braking systems (AEBS) is entering the public consultation phase, transitioning from a recommended to a mandatory requirement, which is expected to significantly increase the penetration rate of AEBS in the automotive market [8][9] Economic Indicators - The National Information Center reported positive trends in consumption, investment, and industrial production, with excavator sales increasing by 17.6% year-on-year in April and offline consumption heat index rising by 25.4% [2] - The Tianjin Municipal Government has issued an action plan to promote AI innovation, aiming for significant advancements in key technologies and a revenue target of over 100 billion yuan for core AI enterprises by 2027 [2]