□ 本报记者顾介铸通讯员卢钰 恒力制动器的24.5英寸制动器填补国际空白，星晨高速电机的永磁同步电主轴领跑3C产业细分赛道，展 现靖江企业"小个头"闯出大市场的魄力；本土企业生产的伴游机器人、航空零部件、工业无人机、深海 装备等产品，则多角度展现出靖江抢跑未来产业赛道的硬核实力……在12月1日召开的靖江市产创融合 产才汇聚大会现场，新技术新产品展区吸引了众多目光，一件件靖江制造的新产品集中亮相，成为深度 解读靖江的一扇"实景窗口"。 靖江市委书记申强表示，站在收官"十四五"、谋划"十五五"的关键节点，我们认真贯彻党的二十届四中 全会和省委全会精神，高质量绘就靖江发展新蓝图，尤其要发挥好靖江实体经济强、产业基础实的比较 优势，扎实推进产创融合、产才汇聚、产城共荣，在全国全省发展大局中勇挑大梁、争作贡献。 产创融合，推动创新要素向一线集聚 近日，江苏东华测试（300354）技术股份有限公司与江苏省产业技术研究院签订企业联合创新中心共建 协议，东华测试将充分借助省产研院的科研资源网络，聚焦核心技术研发与产品迭代，提升企业核心竞 争力。 记者从靖江市科技局获悉，靖江企业与省产研院今年以来达成共建的企业联合创新中心总数 ...

记者丨郑玮 编辑丨李博 12月4日，《广东省人民代表大会常务委员会关于促进粤港澳大湾区内地九市内涵式高质量发展的决定》（以下简称：《决定》）经 广东省第十四届人民代表大会常务委员会第二十二次会议审议全票通过。 今年7月中央城市工作会议定调未来城市发展路径，提出以建设创新、宜居、美丽、韧性、文明、智慧的现代化人民城市为目标，以 推动城市高质量发展为主题，以坚持城市内涵式发展为主线，以推进城市更新为重要抓手，大力推动城市结构优化、动能转换、品 质提升、绿色转型、文脉赓续、治理增效，牢牢守住城市安全底线，走出一条中国特色城市现代化新路子。 "十五五"规划建议提出，巩固提升京津冀、长三角、粤港澳大湾区高质量发展动力源作用。 此次《决定》通过，意味着 粤港澳大湾区内地九市在探索内涵式高质量发展方面迎来新一轮顶层规划。 其中，南方财经记者注意到，在产业布局方面，《决定》提出要加快集成电路、低空经济、新型储能、新能源、新材料等战略性新 兴产业集群发展，并前瞻布局未来产业，推动量子科技、生物制造、脑机接口、人工智能、智能机器人等成为新的经济增长点。 选准目标赛道后，更关键问题在于，这批新产业能否在城市群、都市圈内形成"1+1 ...

Core Insights - The Chinese government has launched a large-scale equipment update and consumer goods replacement initiative, focusing on key industries such as steel, non-ferrous metals, petrochemicals, chemicals, building materials, electricity, machinery, aviation, shipping, textiles, and electronics [1] - Various provinces, including Inner Mongolia and Hunan, have developed specific implementation plans to promote industrial equipment updates and technological transformations [2][3] Group 1: Implementation Plans - Inner Mongolia has established a plan to enhance industrial equipment updates, with a focus on advanced equipment, digital transformation, and green upgrades, aiming for a 50% increase in equipment investment by 2027 compared to 2023 [7] - Hunan's plan targets over 2,000 industrial enterprises annually for technology upgrades, with a goal of achieving over 50% of large-scale industrial enterprises undergoing high-end, intelligent, and green transformations by 2027 [4][5] Group 2: Financial and Policy Support - Financial and tax policies are crucial for supporting equipment updates, with local governments optimizing tax processes and providing financial assistance to mining and manufacturing sectors [8][9] - In Inner Mongolia, a demand list for re-loans related to equipment updates has been created, involving 140 projects with a total investment of 634.6 billion yuan and a loan demand of 30.5 billion yuan [8] Group 3: Industry Focus and Goals - The focus on green and intelligent upgrades is emphasized, with Hunan aiming for a digital design tool usage rate of over 90% and a CNC rate of over 75% in key industrial sectors by 2027 [4][7] - Yunnan province is also pushing for digital equipment updates in the industrial sector to enhance production efficiency and promote advanced capacity [6]

Group 1 - Linyi Chengfa Holding Co., Ltd. has been established with a registered capital of 500 million yuan [1] - The company's business scope includes investment activities, land remediation services, municipal facility management, new material technology research and development, engineering management services, park management services, supply chain management services, and sales of non-ferrous metal alloys [1] - The company is wholly owned by the State-owned Assets Supervision and Administration Commission of Linyi Municipal People's Government [1]

Core Insights - The Yantai government held a press conference to report on the economic performance and reform progress of state-owned enterprises (SOEs) in the first three quarters of 2025, emphasizing high-quality development through reform and innovation [1] Group 1: SOE Reform and Development - Yantai has implemented a high-standard reform action since 2023, with 97 tasks largely completed, leading to significant achievements, including two enterprises' reform experiences being promoted nationally [2] - The city has optimized capital layout by categorizing 129 enterprises into 19, reducing management levels to within four tiers, and directing 90% of state capital towards advanced manufacturing and strategic emerging industries [2] - The overall labor productivity of municipal enterprises reached 770,000 CNY per person, ranking first in the province [2] Group 2: Industry Upgrading and Innovation - SOEs are leading transformations towards high-end, digital, and green industries, with emerging sectors like green chemicals and aerospace showing robust growth [3] - R&D investment by municipal enterprises totaled 15.2 billion CNY, with 77 provincial-level innovation platforms established, contributing to breakthroughs in key technologies [3] - Governance improvements include integrating party leadership into corporate governance and establishing a comprehensive management system for the board and executive levels [3] Group 3: Economic Performance of Regulated Enterprises - From January to September, regulated enterprises achieved revenues of 165.85 billion CNY and net profits of 9.77 billion CNY, ranking second and first in the province, respectively [4] - Total assets reached 619.73 billion CNY, with a year-on-year growth of 5.5%, and a stable asset-liability ratio of 62% [4] - The investment in key projects amounted to 29 billion CNY, with R&D expenditures of 4.3 billion CNY, also leading the province [4] Group 4: Talent Development Initiatives - The Yantai government has prioritized talent acquisition, recruiting 7,982 individuals since 2024, including 1,923 master's, doctoral, and overseas talents [5] - A "1+N" school-enterprise cooperation model has been established to attract graduates through scholarships and tailored training programs [5] - Over 3,000 training sessions have been organized, and various incentives have been implemented to retain talent, including housing support and enhanced employee benefits [5]

Core Insights - The 138th Canton Fair focuses on the development directions of China's foreign trade, emphasizing "new," "intelligent," and "green" initiatives [1] - The event attracted over 310,000 overseas buyers from 223 countries and regions, with approximately 32,000 domestic and foreign enterprises participating [1] - Shaanxi Province organized 215 enterprises, receiving 38,000 buyers and achieving an intended transaction amount exceeding 600 million USD [1] Group 1 - The quality and quantity of participating enterprises from Shaanxi Province have significantly improved, with a continuous optimization of the exhibition structure [1] - 37 high-tech and specialized enterprises, including Shaanxi Automobile Group and Xi'an Weisu Intelligent Technology Co., participated, indicating a rising proportion of quality enterprises [1] - Digital empowerment has been enhanced, with Shaanxi promoting a dual-mode exhibition approach of "offline + online cloud showroom," leading to over 1 million USD in on-site signing for some companies [1] Group 2 - As the integration of domestic and foreign trade deepens, Shaanxi actively invited a procurement delegation from Kazakhstan for on-site procurement intention matching [1] - The province organized enterprises to participate in the Canton Fair's "Trade Bridge" and domestic buyer connection activities, injecting more vitality into cultivating new foreign trade momentum and promoting high-quality foreign trade development [1]

Core Viewpoint - The chemical industry is transitioning from a state of overcapacity to a supply-demand rebalancing, driven by global economic recovery and targeted domestic policies, with 2026 identified as a critical year for establishing a turning point in the industry [2][3]. Supply Side Analysis - Capital expenditure in the chemical industry has peaked, with fixed asset and new capacity growth rates declining to around 7%, a significant drop from double-digit growth in 2021-2022 [3]. - New capacity for traditional bulk chemicals like methanol, ethylene, and PTA has decreased by over 30% year-on-year, while smaller capacities are exiting the market due to environmental and safety constraints, leading to increased industry concentration [3]. Demand Side Analysis - The recovery in demand is driven by both domestic and international factors, including the U.S. entering a rate-cutting cycle, which is expected to boost global chemical product export demand growth to 8%-10% by 2026 [3]. - In China, key demand engines such as real estate, textile exports, and agricultural chemicals are gradually gaining momentum, with chemical product export growth showing signs of recovery [3]. Policy Impact - The "anti-involution" policy is accelerating the industry's turnaround, with the Ministry of Industry and Information Technology emphasizing three key measures: controlling new capacity, reducing existing capacity, and managing processes [4]. - The old capacity assessment has been completed, and the implementation of these policies is in the countdown phase, with industry associations and leading companies actively participating in these initiatives [4]. Sector-Specific Insights - The chlor-alkali industry is expected to see a gradual slowdown in supply growth due to restrictions on traditional production methods [5]. - The textile chain, particularly the nylon industry, is projected to improve profitability as operating rates rise above 90% [5]. - The organic silicon sector is nearing a turning point as the period of intensive capacity investment ends, with strong demand support anticipated [5]. High-Elasticity Core Enterprises - The textile chain is highlighted as a primary focus, with significant improvements in supply-demand dynamics expected to lead to concentrated profit releases in 2026 [6]. - The agricultural chemical chain is benefiting from food security strategies, with a tight supply-demand situation projected for phosphate chemicals until at least 2028 [7]. - The overseas real estate chain is expected to benefit from global economic recovery, particularly in the fluorochemical sector, where demand for refrigerants is strong [8]. New Materials and Technologies - New materials are identified as a critical area for investment, with a focus on semiconductor materials, OLED panel materials, and solid-state batteries among others [9]. - The chemical industry is witnessing a consolidation of leading companies, with the number of top firms increasing from 3-4 to around 20 over the past decade, indicating a strengthening competitive landscape [10].

Group 1 - The article highlights Fujian's strategic focus on seven key areas: new generation information technology, high-end equipment, new materials, new energy, biotechnology and new medicine, energy conservation and environmental protection, and marine high-tech industries, aiming to strengthen emerging industries and enhance innovation capabilities [2] - Since the release of the "Action Plan for Promoting the High-Quality Development of Government-Directed Funds" in November 2024, Fujian has introduced several significant policies to support the development of specialized small and medium-sized enterprises, with a goal to establish a fund pool of 300 billion yuan for functional funds and 1 trillion yuan for industrial funds within five years [2] - As of mid-2025, the management scale of government-directed funds in Fujian has exceeded 1.4 trillion yuan, with active establishment of new funds and selection of fund managers occurring regularly throughout the year [2] Group 2 - A capital and industry matchmaking conference is scheduled to be held in Fuzhou on October 30, aimed at empowering new productivity and facilitating the deep integration of technological and industrial innovation [3] - The conference will feature project roadshows, capital and enterprise matchmaking discussions, and will attract over a hundred representatives from mother funds and direct investment fund institutions, collectively managing over 2 trillion yuan, including eight national-level mother funds [3] - The event aims to leverage financial capital to support the high-quality development of the real economy and strengthen the industrial chain [3]

Core Viewpoint - The economic performance of Henan province in the first three quarters of this year shows a "five stability" trend, with a GDP growth of 5.6%, ranking second in the central region, indicating the province's solid commitment to its economic responsibilities [1][3]. Economic Performance - Henan's GDP growth reached 5.6%, placing it second in the central region [1] - The province's industrial added value, fixed asset investment, and retail sales of consumer goods all ranked second in the central region [1] - The agricultural output is projected to exceed 1.3 trillion jin, with a first industry added value growth of 3.1% [3] Industrial Growth - 33 out of 41 major industrial categories in Henan experienced positive growth, with an overall growth rate of 80.5% [3] - Key industries such as automotive and parts grew by 20%, equipment by 14.3%, food by 10%, electronic information by 9.2%, and new materials by 8.9% [3] Investment and Consumption - Investment in projects over 100 million yuan increased by 8.4%, contributing 5.4 percentage points to total investment growth [4] - Private investment grew by 7.5%, surpassing the national average of 10.6% [4] - Retail sales of consumer goods increased by 9.9%, with 21 out of 23 categories showing growth [4] Foreign Trade - The total import and export value reached 643.18 billion yuan, a year-on-year increase of 18.7%, marking a historical high for the province [5] - The number of foreign trade enterprises increased by 11.4% to 13,300 [5] Development Dynamics - The province has implemented measures to integrate into the national market, with significant progress in market-oriented reforms [6] - New business registrations increased by 14%, with 429,000 new enterprises established [6] Technological and Green Development - The transaction value of technology contracts exceeded 200 billion yuan, with high-tech manufacturing growing by 13.9% [6] - Renewable energy generation capacity reached 54.8%, and air quality improved significantly [6] Social Welfare - Urban employment increased by 998,000, with per capita disposable income reaching 23,700 yuan, a growth of 5.3% [7] - Public services have been enhanced, with new educational facilities and significant progress in key social projects [7]

Economic Analysis - The report emphasizes the need to maintain economic growth within a reasonable range, highlighting the importance of optimizing economic structure and ensuring safety measures[2] - It identifies challenges such as insufficient effective demand, structural transformation issues, and significant pressure on employment and income growth[2] - The focus has shifted from reform and innovation to addressing real challenges like demand insufficiency and structural transformation[2] Industrial Development - The proposal prioritizes the optimization and upgrading of traditional industries to enhance global competitiveness, particularly in mining, metallurgy, and chemicals[3] - It outlines four strategic emerging industries (new energy, new materials, aerospace, low-altitude economy) and six future industries (quantum technology, biomanufacturing, hydrogen and nuclear fusion energy, brain-computer interfaces, embodied intelligence, sixth-generation mobile communication)[3] - The report stresses the need for "super-normal measures" to achieve technological modernization and secure key technological advancements[4] Market Reforms - The construction of a unified national market is highlighted as a key reform area, aiming to eliminate barriers and enhance market efficiency[5] - Financial and tax reforms are viewed as crucial for improving macroeconomic governance, emphasizing policy coordination and sustainable fiscal practices[5] - The goal of becoming a "financial power" is reiterated, focusing on enhancing the central bank's role and improving monetary policy frameworks[5] Social Development - The report addresses high-quality development in employment, income, real estate, and population sectors, emphasizing structural employment issues and the importance of flexible employment[6] - It advocates for a new model of real estate development and improving the supply of affordable housing[6] - Green development initiatives are outlined, including the construction of a new energy system and achieving carbon peak and neutrality goals[6] Risk Factors - Potential risks include unexpected policy changes and economic fluctuations that could impact demand recovery[7][21]