深圳集体经济，正在深入布局股权投资。 近两年，深圳的创投行业多了一股新力量 ——社区股份合作公司。创投机构募资难，集体企业 投资难，这两类看似八竿子打不着的经营主体，如今却擦出了合作的"火花"。 8月2 5日，两只由深圳集体经济发起的创投基金——坂田人工智能创投基金、龙岗龙兴创投基 金正式签订投资意向协议。从现场了解到， 这两支基金的总规模分别为 1亿元和2亿元，存续 期1 0年，现已完成意向资金募资 ， 正在推进后续法定程序。两支基金将聚焦以人工智能为先 导的深圳战略新兴产业和未来产业进行投资，目前已储备了一批优质项目。 两支基金的管理人均为深圳南岭村旗下的专业创投机构 ——南岭创投，南岭创投由南岭村股份 合作公司于2 0 1 7年设立，成为广东省首个村集体经济成立的私募股权、创投基金管理人。 值得关注的是，这两只基金背后的 LP除了深圳国资以外，还站着深圳市龙岗区1 2个村股份合 作公司（以下简称"村企"），且这些村企是两只基金的主要出资人。 除罗湖区、龙岗区外，坪山区也早已布局 "村企基金"。 2 0 2 2年，深圳市坪山区佳和一号私募创业投资基金合伙企业（有限合伙）便已成立，注册资本 为7 0 1 0 ...

8月20日至22日举行的外资企业中国山西行活动期间，来自美、英、法、德、瑞典、澳大利亚、日本、 新加坡等15个国家和地区的近40家外国商协会和外资企业代表，其中包括13家世界500强企业负责人， 走进山西太原考察、交流，与政府相关部门负责人深度对话，探讨合作新机遇，寻求共赢新路径。多位 在华商协会及外资企业负责人表示，看好山西发展前景、看好与中国本土企业合作的潜力。 加中贸易理事会北京代表处首席代表裴大卫首次到访山西，在他看来，山西历史厚重、风光秀美，正在 从传统能源基地向多元化产业发展热土转变，为加拿大企业在新能源基础设施投资和品牌落地等领域提 供了更广阔的合作空间。 "比利时企业比较关注第三代半导体、合成生物、现代医药和高端设备制造等新兴产业领域发展，我们 期待与山西开展广泛合作。"中国比利时商会总经理宋娟娟说。 "东盟企业代表团重点关注山西的先进制造业、能源装备产业以及数字经济和文化旅游产业。"东盟经济 贸易促进会会长波尚琅表示，山西产业转型升级成效显著、政府服务高效务实，这些细节让东盟企业代 表团切实感受到山西招商引资的专业和诚意，"东盟企业看好中国市场，认可中国政策稳定性与长期投 资价值，以泰国正大 ...

Core Viewpoint - Jiangsu province is accelerating the development of future industries through strategic planning and innovation, aiming to establish a robust "10+X" future industry system by 2035, positioning itself as a global innovation hub in future industries [1][5]. Group 1: Future Industry Development - Jiangsu aims to establish 10 future industry research institutes and cultivate 50 leading talents by 2025, with a focus on key technologies and enterprises [1]. - By 2030, the province plans for 10 growth-oriented future industries to become significant economic drivers [1]. - The future industry scale is expected to grow further by 2035, forming a comprehensive and advanced future industry system [1]. Group 2: Technological Breakthroughs - The province has achieved significant advancements in communication technology, including a world record for real-time transmission speed exceeding 100Gbps [3]. - Breakthroughs in core technologies and materials include the development of domestic GaN-based blue and green laser chips and advancements in hydrogen storage and transportation technologies [4]. - Jiangsu has seen a surge in patent applications, with 313,000 applications and 113,000 grants in future industries by June 2025, leading in sectors like third-generation semiconductors and hydrogen energy [4]. Group 3: Enterprise Ecosystem - Jiangsu is fostering a multi-layered enterprise matrix, with 30 new unicorns and 119 potential unicorns, primarily in future industries [7]. - The province has over 600 future industry enterprises included in the key enterprise database, supporting a robust industrial ecosystem [7]. - Emerging companies with over 5 million yuan in revenue and over 50% growth for two consecutive years are contributing to the future industry landscape [7]. Group 4: Regional Collaboration - Jiangsu's future industry development involves a collaborative approach among various cities, each focusing on distinct sectors like AI, new materials, and hydrogen energy [8]. - The province has launched 21 pilot areas for future industry development, with significant numbers of high-tech and innovation-driven enterprises [8]. Group 5: Policy and Financial Support - Jiangsu is enhancing its innovation ecosystem through supportive policies, including measures for high-tech enterprise development and unicorn cultivation [10]. - The province has established a financial support system with a 788.7 billion yuan budget for 2024, aimed at nurturing future industries [13]. - Various financial products and services are being introduced to alleviate financing challenges for technology-driven enterprises [13].

Group 1 - The stock price of Guangzhi Technology closed at 42.36 yuan on August 15, 2025, with an increase of 1.83% compared to the previous trading day, and the trading volume reached 1.67 billion yuan [1] - Guangzhi Technology's main business involves optical optoelectronics and third-generation semiconductors, with its registered location in Heilongjiang [2] - On August 15, 2025, the main funds experienced a net outflow of 18.54 million yuan, with a cumulative net outflow of 68.68 million yuan over the past five days [3] Group 2 - The third extraordinary general meeting of shareholders approved multiple proposals, including the revision of the company's articles of association [2]

Group 1 - The core viewpoint of the article highlights that the current valuation of the technology sector is at approximately 50% or below historical levels, with certain segments like semiconductor materials and emerging technologies showing higher valuations compared to their three-year history [1] - The Pacific Securities report indicates that the PB-ROE values for the Sci-Tech 50 and growth style are the lowest, suggesting that investors are paying the least growth premium for these sectors, which implies a higher margin of safety [1] - Recent performance shows that industries such as pharmaceuticals, communications, and media have seen significant gains, while the computer industry has experienced the largest downward adjustment in profit expectations [1] Group 2 - The Sci-Tech 100 ETF (588120) tracks the Sci-Tech 100 Index (000698), which includes 100 securities with larger market capitalization and better liquidity from the Sci-Tech board, covering strategic emerging industries like new-generation information technology and biomedicine [1] - The index can experience daily fluctuations of up to 20%, reflecting the overall performance of leading technology innovation companies in the Sci-Tech board market [1] - Investors without stock accounts are advised to consider the Guotai CSI Sci-Tech 100 ETF Initiated Link A (019866) and Guotai CSI Sci-Tech 100 ETF Initiated Link C (019867) [1]

Group 1 - The industrial development momentum in Huaiyin District is strong, with the industrial added value ranking among the top three in the city, and over 60 billion yuan invested in industrial projects in the past three years [1][2] - Huaiyin Economic Development Zone has been recognized as a third-generation semiconductor industry cluster in Jinan, achieving a full chain from substrate preparation to device packaging [1] - The district has implemented 25 new provincial and municipal technology projects and 87 provincial enterprise technology innovation projects, with Shandong CRRC being approved as a national technology innovation demonstration enterprise [1] Group 2 - The district is focusing on three development areas: Core Expansion Area, Health Industry Area, and High-end Equipment Area, aiming to promote new industrialization and accelerate the implementation of the industrial strong district plan [3] - The Core Expansion Area will focus on semiconductor equipment, packaging and testing, robotics, and CNC equipment, becoming the main battlefield for industrial manufacturing and technological innovation [3] - The Health Industry Area will leverage resources from the Jinan International Medical Center to cultivate the health industry as a new growth pole for Huaiyin District [3]

Group 1 - The eighth "Entrepreneur Beijing" innovation and entrepreneurship competition was launched on July 15, focusing on the unique industries of Shunyi District and aiming to stimulate regional innovation vitality and promote industrial upgrades [1][3] - A total of 176 projects were collected for this competition, with 38 outstanding projects selected to compete, resulting in 24 awards distributed among first, second, and third places [12] - The competition featured various categories, including advanced manufacturing, technology, cultural creativity, and third-generation semiconductors, highlighting both youth creativity and technological breakthroughs in traditional enterprises [5][10] Group 2 - The third-generation semiconductor specialty track attracted significant attention, aligning closely with the key development areas of Shunyi District and the Zhongguancun (Shunyi) third-generation semiconductor industrial park [9][10] - Winning projects will receive benefits such as rent-free periods at the Poisson Chip Energy incubator, one-on-one mentoring, and connections with investment institutions, enhancing their chances for success [12] - The Shunyi District Human Resources and Social Security Bureau is committed to fostering a supportive entrepreneurial ecosystem through improved policies, financial support, and professional mentorship [12][14]

Core Insights - Jiangsu Province's Strategic Emerging Industry Fund (referred to as "Jiangsu Emerging Industry Fund") has officially launched its third batch of industry-specific funds, totaling 15.5 billion yuan [1] - The cumulative number of industry-specific funds established by the Jiangsu Emerging Industry Fund has reached 41, with a total scale of 106.9 billion yuan, marking a significant increase in capital capacity and achieving full coverage across all 13 districts in Jiangsu Province [1][2] - The notable cooperation fund is the 10 billion yuan Chengtong Science and Technology Investment Fund (Jiangsu), initiated by China Chengtong Holdings Group, which aims to deepen cooperation between central and local enterprises and promote the implementation of central enterprise industrial chains in Jiangsu [1] Fund Details - The third batch of industry-specific funds includes 5 funds with a total scale of 15.5 billion yuan, with 2 funds specifically targeting district-level industries in Xuzhou and Zhenjiang, totaling 4 billion yuan [2] - The 3 billion yuan Jiangsu Xuzhou Emerging Industry Special Mother Fund focuses on new energy, integrated circuits, new materials, green environmental protection, and safety emergency industries [2] - The 1 billion yuan Jiangsu Zhenjiang High-end Intelligent Manufacturing Industry Special Mother Fund is initiated by Zhenjiang State-owned Investment Holding Group [2] Investment Focus - The Jiangsu Emerging Industry Fund aims to guide capital towards innovative sources, supporting early and mid-stage technology projects and industrialization in strategic emerging industries such as new materials, advanced manufacturing, new generation information technology, and new energy [1][2] - The Jiangsu Agricultural Reclamation Group has initiated a 1 billion yuan Jiangsu Agricultural Reclamation Modern Biotechnology Industry Investment Fund, focusing on pharmaceuticals, biological agriculture, and specialty new foods [2] - A 500 million yuan Jiangsu New Intelligence Future Industry Angel Investment Fund, initiated by Jiangsu High Investment Group and Suzhou Innovation Investment Group, aims to support high-level talent innovation and entrepreneurship in future industries [3] Performance and Impact - Since its launch in June of last year, the Jiangsu Emerging Industry Fund has effectively supported the growth of strategic emerging industries and future industries in the province, with 36 funds totaling 91.4 billion yuan established and operational [3] - The fund has successfully attracted capital from major state-owned enterprises and leading investment institutions, with a total of 86 investment projects initiated [3]

Group 1 - The core idea of the news is the launch of the Jiangsu Province Innovation Consortium construction work, aiming to enhance technological innovation and industrialization through collaboration among enterprises, universities, and research institutions [1][2] - Jiangsu Province has established 25 provincial innovation consortia since 2022, focusing on emerging industries and future technologies, including integrated circuits, new materials, and artificial intelligence [2] - The provincial government encourages the establishment of a council led by the head of the leading unit to coordinate innovation resource allocation and share the benefits of technology transfer [2] Group 2 - The innovation consortia will focus on addressing critical technological bottlenecks and iterating industry technologies, promoting a collaborative innovation mechanism with clear positioning and complementary advantages [2] - Jiangsu Province aims to leverage the advantages of the Yangtze River Delta region in science, education, and industry resources to create a collaborative technological innovation community [2] - The provincial government will prioritize support for leading enterprises, industry leaders, and unicorn companies to propose technology development directions based on innovation and industrial chain needs [1][2]

Market Highlights: Military Industry - Tianfeng Securities indicates that in Q1 2025, the top ten military stocks held by active funds will see 80% of their value in military electronics, suggesting a potential rebound in this sector after significant underperformance over the past three years [6] - Wangzi New Materials, with over 20 years in plastic packaging and partnerships with major clients like Foxconn and Haier, has expanded into military technology through a 51% acquisition of a military high-tech firm, enhancing its product applications in military and aerospace [6] Market Highlights: Third Generation Semiconductors - Nanwei Semiconductor announced a partnership with NVIDIA to develop the next-generation 800V high-voltage direct current (HVDC) architecture, which is expected to boost HVDC penetration in AI data centers [9] - Following the announcement, Nanwei's stock surged by over 190%, indicating strong market interest in HVDC technology and its applications [9] Market Highlights: Innovative Drugs - On May 20, 2023, 3SBio announced an exclusive agreement with Pfizer for the global development and commercialization rights of its PD-1/VEGF bispecific antibody SSGJ-707, excluding mainland China [12] - 3SBio is focusing on autoimmune diseases after divesting its oncology and ophthalmology assets, with a pipeline of 14 autoimmune projects expected to drive future growth [12] Market Highlights: Consumer Sector - The Shanghai Municipal Government has launched a plan to boost consumption, focusing on expanding silver-haired consumer offerings and enhancing cruise consumption potential [17] - The Huangjiu (yellow wine) industry is expected to see short-term growth due to increased consumption density and long-term growth through brand and category development beyond regional cultural boundaries [17] Market Highlights: Ride-Hailing - Baidu's autonomous driving platform, Apollo Go, has expanded to 15 cities with over 1,000 self-driving cars, while Tesla plans to launch its Robotaxi service in Austin, Texas, by the end of June [19] - Tencent Cloud is collaborating with WeRide to enhance Robotaxi commercialization, indicating a shift in the automotive transportation ecosystem [19]