Core Insights - The collaboration between South Grid Group and Xi'an Jiaotong University aims to bridge the gap between academia and industry, fostering practical technological innovations and talent development [1][2] - Since 2021, Xi'an Jiaotong University has signed agreements with 248 leading enterprises to establish joint research institutes, addressing over 3,100 technical challenges and creating 276 technology-based companies with a total valuation of nearly 13 billion [2] Group 1 - The South Grid Group-Xi'an Jiaotong University Joint Research Center focuses on new power system protection and control, and actively supports renewable energy generation [1] - The partnership emphasizes a new model of deep integration of industry and academia, moving beyond traditional client-provider relationships to a collaborative approach [2] - The center has successfully formed high-level interdisciplinary teams that address real-world problems in the new power system sector [2] Group 2 - The establishment of the "8-inch advanced silicon photonic integration technology innovation platform" marks a significant development in the photonics industry in Shaanxi, serving as a key support for the province's goal of building a 100 billion industry cluster [6] - The Shaanxi Photonics Technology Laboratory is set to be established, aiming to gather over 100 member units to tackle critical technologies within two years [6] - The focus on original innovation and key core technology breakthroughs aligns with national strategic needs and regional development priorities [5]

Market Overview - The A-share market showed a positive trend with the Shanghai Composite Index rising 0.75% to 3608.58 points, the Shenzhen Component Index increasing by 0.31% to 11134.07 points, and the ChiNext Index up by 0.72% to 2327.48 points [1][2]. Sector Performance - The financial sector, particularly brokerage stocks, experienced significant upward movement, with notable gains in stocks such as Guosheng Financial Holdings, which hit the daily limit, and others like Guosen Securities, Harbin Investment, and Bank of China Securities rising over 5% [5][7]. - The CRO (Contract Research Organization) sector also saw a rally, with stocks like Zhaoyan New Drug hitting the daily limit and others such as Medisi, Boteng Co., and Haoyuan Pharmaceutical rising over 5% [10][11]. New Listings - Two new stocks were listed on July 23, with Shanda Electric experiencing a surge of over 500% at one point. The company issued 40.72 million shares at a price of 14.66 yuan per share, resulting in a total market capitalization of approximately 1.17 billion yuan [13][14]. - Jiyuan Group also debuted on the Shanghai Stock Exchange, initially rising over 370% and currently up 280%, with a total market value of 16.6 billion yuan [15][16]. Key Stock Movements - Notable stock movements included NIO rising by 8.69%, Kuaishou increasing by 4.47%, and Tencent Holdings up by 3.61% in the Hong Kong market [4][5]. - In the insurance sector, China Pacific Insurance, Agricultural Bank of China, and Qilu Bank all saw increases of over 3% [8][9].