（作者为华中科技大学同济医学院附属同济医院党委书记，本报记者田豆豆采访整理） 《 人民日报 》（ 2025年08月25日 05 版） 随着脑机接口、人工智能、物联网等新技术的持续进步，医疗领域的创新突破也在不断涌现。过去无法 解决的医疗难题、难以攻克的疑难杂症，有望随着新技术、新疗法的应用而逐步找到突破口。而医院， 尤其是具备较强科研实力和高水平人才队伍的研究型医院，既有能力推动医疗科技创新，又深度参与医 疗实践，更了解患者需求，应当担负起医疗健康领域创新尖兵的角色与责任，以科技之光点亮民生答 卷。 推动研究型医院开展科技创新，需要形成鼓励科研、促进科研成果转化的体制机制。比如，重塑科研评 价体系，鼓励从临床一线挖掘科研选题，真正对接医疗实践、契合诊疗需求；完善知识产权保护、成果 转化管理办法，搭建产学研用一体化平台；加速科研管理关口前移，遴选项目建立转化储备库，对于有 潜力转化的科研成果，提供资金、技术、专利、推介等多方面支持。健全制度机制，鼓励大家转变思 维，把科研与诊疗结合起来，才能激发创新活力，结出更多能够落地、真正造福病患的创新果实。 绝大多数医疗健康领域科技创新，不是靠单打独斗得来的，往往需要跨界 ...

Group 1 - The stock of Haocen Medical (002622) closed at 4.21 yuan on August 22, 2025, with a 9.92% increase, reaching the daily limit [1][2] - The trading volume for Haocen Medical on the same day was 1.4424 million hands, with a total transaction amount of 585 million yuan [1][2] - The closing order funds amounted to 73.0896 million yuan, representing 2.07% of its circulating market value [1][2] Group 2 - At 13:33, the stock reached its daily limit and closed at 4.21 yuan without being opened again [2] - The net inflow of main funds was 116 million yuan, while retail funds showed a net outflow of 33.2009 million yuan [2] - The net outflow of speculative funds was 82.7291 million yuan [2]

Core Viewpoint - The article discusses the increasing trend of retired individuals re-entering the workforce in China, particularly in sectors like home services and food service, due to a significant retirement wave expected from 2022 to 2031, with approximately 20 million people retiring each year [3][17]. Group 1: Employment Opportunities for Retirees - Many companies, including McDonald's and Xiao Yang Sheng Jian, are actively hiring retired individuals, particularly for roles that require local language skills and customer interaction [8][9]. - The home service industry is seeing a notable influx of retired workers, with estimates suggesting that 30% to 40% of home service personnel are retirees, earning around 3,000 yuan monthly for part-time work [5][6]. - Some retirees in the home service sector can earn over 10,000 yuan per month by working multiple jobs, highlighting the financial viability of this employment path [6][7]. Group 2: Professional Re-employment - Retired professionals with specialized skills, such as in healthcare or cultural sectors, are also finding opportunities to return to work, contributing their expertise to various projects and organizations [11][12]. - The healthcare sector is particularly in need of experienced retirees, with roles available for those who meet health and certification requirements [11][12]. Group 3: Government Support and Market Trends - The Chinese government is encouraging the re-employment of retirees through policies aimed at creating diverse job opportunities and supporting the "silver economy" [16][18]. - As the aging population grows, the demand for elderly workers is expected to increase, with projections indicating that by 2035, over 400 million people aged 60 and above will be in China, representing more than 30% of the population [17][18].

Group 1: Industry Trends - The retirement wave in China will see 20 million people retiring annually from 2022 to 2031, creating significant opportunities for industries to hire older workers [1][14] - Industries such as healthcare, home services, and food service are increasingly open to hiring retirees, with specific roles available for those with relevant skills [1][6][15] - The demand for home services is high, with 42% of consumers frequently hiring domestic help, indicating a robust market for elderly workers in this sector [5] Group 2: Employment Opportunities - Many retirees are finding jobs in the home service industry, with earnings around 3,000 yuan per month for part-time work, and some can earn over 10,000 yuan by working multiple jobs [3][4] - Specialized retirees, such as those with medical or cultural expertise, are being re-employed in their fields, contributing to sectors like healthcare and cultural consultancy [8][9][10] - Companies like McDonald's and Xiao Yang Sheng Jian are actively recruiting retirees, demonstrating a shift in employment practices to include older workers [6][7] Group 3: Policy and Support - The Chinese government is encouraging the creation of diverse job opportunities for older adults through initiatives aimed at supporting their social participation and employment [13][15] - The aging population is expected to lead to a more normalized elderly employment market, with projections indicating a significant increase in job opportunities for retirees in the next 10-20 years [14][15]

Group 1 - The Hainan Provincial Government is hosting a job fair for state-owned enterprises on August 30, 2023, in Haikou, focusing on recruitment for various positions [1] - The job fair will feature positions such as general manager, deputy general manager, financial director, trade manager, product planning manager, and various engineering roles, with the highest monthly salary exceeding 20,000 yuan [1] - Job seekers are encouraged to bring their resumes and materials to the recruitment service hall for on-site discussions with company representatives [1]

Group 1 - The report highlights the current market's strong upward momentum, with major indices showing consistent gains supported by policy expectations and industry benefits [2][12] - The report introduces the concept of the securitization rate as a reference tool for identifying valuation peaks in the market, suggesting that a rate above 1 should be a key focus for valuation [2][24] - The North Exchange 50 index has recently demonstrated strong upward momentum, breaking the 1500-point mark for the first time since May 21, 2025, driven by a recovery in market risk appetite [3][35] Group 2 - The report discusses the global semiconductor cycle, indicating that the demand for AI is a core driving force, with high-end chips like GPUs and HBM experiencing sustained growth [4][48] - The investment strategy suggests a "dual-driven" approach, focusing on technology growth, self-sufficiency, and military industries, while also considering cyclical opportunities in sectors like steel and chemicals [5][54] - The North Exchange 50 is characterized by a concentration of "specialized and innovative" small and medium enterprises, which enhances its market responsiveness and potential for significant returns [38][41] Group 3 - The report emphasizes that the current market environment aligns with the characteristics of an "index bull market," where the upward movement is more reliant on liquidity and policy expectations rather than significant improvements in corporate earnings [30][32] - The report anticipates that the total market capitalization of the two exchanges will continue to expand, with a potential recovery in PPI expected to support this growth [33][34] - The semiconductor industry is positioned for a new upward cycle, driven by AI demand and technological advancements, indicating a favorable outlook for investment in this sector [49][51]

Core Viewpoint - The A-share market has shown strong performance, particularly in the chip and computing power sectors, with significant gains in major stocks like Cambricon and SMIC, indicating a bullish trend in these industries [1][9]. Industry Summary - The A-share index rose above 3800 points, with the STAR 50 index increasing over 8%, marking a three-year high, driven by the computing power and chip sectors [1]. - The STAR Chip Index surged over 10%, reflecting the explosive growth of chip and computing power stocks, with related ETFs gaining market attention [3]. - As of August 22, 2024, there are 132 stocks priced over 100 yuan, a threefold increase from the previous year, with over 40% of these stocks from the STAR Market [3]. - Six new stocks joined the 100 yuan club on that day, five of which are in the computing and chip sectors, including SMIC and Changxin Memory [3]. Company Highlights - Cambricon's stock price reached 1243.20 yuan, making it the second highest in A-shares after Kweichow Moutai, which closed at 1463.95 yuan [9]. - Among the 100 yuan stocks, semiconductor companies dominate with 30 firms, a significant increase from 6 last year, while other concentrated sectors include communication equipment, medical, and software development [7]. - The top five companies by market capitalization below the trillion yuan mark include BYD, Cambricon, SMIC, Wuliangye, and Haiguang Information, with three major chip stocks shining in the list [9]. Market Trends - Dongguan Securities highlighted investment opportunities in domestic computing power and storage, emphasizing advancements in AI chip design and the growing domestic AI computing ecosystem [10]. - Tianfeng Securities noted that during bull markets, short-term market corrections often present buying opportunities, particularly in strong sectors [11]. - The current market rally is characterized by a disconnect between macro expectations and earnings performance, with the index's rise relying more on liquidity and thematic trading rather than fundamental earnings recovery [11].

1. Report Industry Investment Rating No relevant content provided in the report. 2. Core View of the Report - From January to August 22, 2025, the CSI Convertible Bond Index rose by +17.9%, slightly lower than the +18.3% increase of the CSI All-Share Index. Although the current valuation quantiles of convertible bonds are close to or exceed historical highs, with the equity market on the rise, the subsequent performance of convertible bonds is still worth looking forward to [1][4]. 3. Summary by Relevant Catalog Market Conditions - From August 18 to August 22, 2025, the CSI Convertible Bond Index rose by +2.8% (last week's increase was +1.6%), and the CSI All-Share Index rose by +3.9% (last week's increase was +2.9%). The convertible bond market continued to rise, and the increase was greater [1]. - By rating, high-rated bonds (rated AA+ and above), medium-rated bonds (rated AA), and low-rated bonds (rated AA- and below) rose by +3.2%, +3.3%, and +2.8% respectively this week, with low-rated bonds having the smallest increase [1]. - By convertible bond scale, large-scale convertible bonds (bond balance greater than 5 billion yuan), medium-scale convertible bonds (balance between 500 million and 5 billion yuan), and small-scale convertible bonds (balance less than 500 million yuan) rose by +2.5%, +3.2%, and +3.3% respectively this week, with small-scale convertible bonds having the largest increase [1]. - By parity, ultra-high parity bonds (conversion value greater than 130 yuan), high parity bonds (conversion value between 110 and 130 yuan), medium parity bonds (conversion value between 90 and 110 yuan), low parity bonds (conversion value between 70 and 90 yuan), and ultra-low parity bonds (conversion value less than 70 yuan) rose by +4.0%, +2.9%, +2.6%, +2.4%, and +4.2% respectively this week, with ultra-low parity bonds having the largest increase [2]. Current Convertible Bond Valuation Levels - As of August 22, 2025, there were 450 outstanding convertible bonds (456 at the close of last week), with a balance of 623.836 billion yuan (627.415 billion yuan at the close of last week) [3]. - The average convertible bond price was 134.42 yuan (131.58 yuan last week), with a quantile of 100%; the average convertible bond parity was 106.74 yuan (104.19 yuan last week), with a quantile of 96.9%; the average convertible bond conversion premium rate was 27.8% (28.6% last week), with a quantile of 56.0%. Among them, the conversion premium rate of medium-parity (conversion value between 90 and 110 yuan) convertible bonds was 32.2% (30.8% last week), higher than the median conversion premium rate of medium-parity convertible bonds since 2018 (20.2%) [3]. Convertible Bond Increase Situation - This week, the top 15 convertible bonds in terms of increase were Dongshi Convertible Bond, Jintong Convertible Bond, Huayi Convertible Bond, etc. The increase rates ranged from 11.64% to 90.12%, and the corresponding underlying stocks also had varying degrees of increase [24].

Group 1 - The meeting emphasized the importance of promoting the healthy and high-quality development of the private economy, adhering to the principle of "two unwavering" policies to support private enterprises [1] - It was highlighted that effective reduction of social logistics costs is crucial for leveraging Wuhan's transportation advantages and improving economic efficiency [2] - The meeting called for a strong commitment to land protection responsibilities and strict implementation of national natural resource inspections and land law enforcement feedback rectifications [2] Group 2 - The meeting stressed the need to enhance the regular supervision of medical insurance fund usage and to address issues related to "medical insurance cashing" and "drug return flow" [2] - A focus on building a high-quality development advantage through the optimization of logistics structures and the development of multi-modal transport was discussed [2] - The meeting underscored the importance of fostering an entrepreneurial spirit and guiding private enterprises towards innovation and transformation [1]

Core Insights - The 2025 8th Hainan International Health Industry Expo will be held from December 26 to 29 in Sanya, Hainan, focusing on the theme "Smart Leadership, New Future of Health" [1] - This expo is the only health exhibition project in Hainan approved for government agency participation and is a high-end exhibition project following the launch of Hainan Free Trade Port [1] Exhibition Details - The planned exhibition area is 20,000 square meters, with an interactive experience area of 10,000 square meters [1] - There will be six core exhibition areas: smart healthcare, innovative medical devices, high-end health maintenance and rehabilitation, traditional Chinese medicine, tourism and health services, and health and beauty [1] - The event will also feature over 10 high-level forums, including a forum on medical artificial intelligence and precision treatment [1] Participation and Audience - The organizers expect to invite over 4,000 professional buyers and attendees, along with more than 30,000 general public visitors [1] - The expo is organized by eight entities, including the Hainan Provincial Health Commission and the Hainan Provincial Department of Science and Technology [1]