Core Insights - The report highlights a stable economic environment in China, with a 3.5% year-on-year growth in total goods trade value for the first seven months of 2025, amounting to 25.7 trillion RMB [4] - The report indicates that the core Consumer Price Index (CPI) has shown a continuous year-on-year rebound, while the Producer Price Index (PPI) has seen a narrowing decline [5] - The report emphasizes the government's commitment to maintaining strict controls on the issuance and listing of new stocks, preventing large-scale market expansion [5] Industry Dynamics - Seven departments have issued a document to promote the development of the brain-computer interface industry, which is expected to boost the sector. Related stocks include Sanbo Brain Science (301293) and Xiangyu Medical (688626) [6] - A plan to construct and renovate 300,000 kilometers of rural roads by 2027 is expected to support the infrastructure sector. Related stocks include China Communications Construction (601800) and Baoli International (300135) [6] - The State Grid has reported a record high in electricity load for three consecutive days, indicating potential improvements in profitability for the power sector. Related stocks include Huayin Electric (600744) and Leshan Electric (600644) [6] Company Focus - BOE Technology Group (000725) is entering a rebalancing phase in the display industry, with MiniLED and OLED technologies expected to grow rapidly in the high-end market [7] - Shengtong Holdings (002599) is providing technical support for the World Robot Conference through its subsidiary Zhongming Robotics [7] - Berry Genomics (000710) plans to establish a joint venture to provide integrated testing services for newborns and children with genetic diseases [7] - Digital Certification (300579) is set to change its controlling shareholder to Beijing Data Group, while the actual controller remains a Beijing state-owned enterprise [7] Market Review and Outlook - On August 8, the market experienced narrow fluctuations with slight declines in the three major indices. The total trading volume in the Shanghai and Shenzhen markets was 1.71 trillion RMB, a decrease of 115.3 billion RMB from the previous trading day [8] - The report notes that over 2,800 stocks in the market declined, with sectors such as Xinjiang local stocks and high-speed rail showing gains, while AI application stocks faced significant drops [8] - The report mentions that the margin trading balance has returned to 2 trillion RMB for the first time in ten years, indicating an improvement in market risk appetite and a generally loose liquidity environment [8] - Three factors are expected to support a continued upward trend in the A-share market: stable economic performance, improving corporate profitability due to recent policies, and ample market liquidity [8]

脑机接口概念再迎利好催化！ 8月10日，据"中国光谷"官微消息，8月9日，湖北省医疗科技创新成果发布会召开，宣布湖北脑机接口产业创新 发展联盟在光谷成立。 据介绍，湖北脑机接口产业创新发展联盟以"产学研医协同创新"为核心理念，将构建覆盖"基础研究－临床转化－ 产业应用"的全链条生态。基础研究方面，华中科技大学、武汉大学等高校科研团队将提供支持。此外，联盟将 依托依瑞德、衷华脑机等脑机接口企业，通过协和医院等实现临床转化。 近期，脑机接口赛道密集迎来重磅利好政策，工业和信息化部、国家发展改革委等七部门日前发布关于推动脑机 接口产业创新发展的实施意见。其中强调，到2027年打造2至3个产业发展集聚区，开拓一批新场景、新模式、新 业态；到2030年形成安全可靠的产业体系，培育2至3家有全球影响力的领军企业和一批专精特新中小企业，构建 具有国际竞争力的产业生态，综合实力迈入世界前列。 另外，国家医保局此前印发《神经系统类医疗服务价格项目立项指南（试行）》，其中专门为脑机接口新技术单 独立项，设立了侵入式脑机接口置入费、取出费等价格项目；北京、上海等地也发布行动方案，针对脑机接口领 域的监管政策、临床试验、产业集群等给 ...

笔者认为，《意见》的出台恰逢其时，有助于构建脑机接口产业发展的"热带雨林式"创新生态，推动中 国脑机接口产业从实验室探索加速迈向产业化。 脑机接口横跨脑科学、神经工程、微电子、人工智能、材料学等多个高精尖领域，其复杂性决定了单一 技术的突破难以支撑全产业链的繁荣。长期以来，该领域存在布局相对分散、缺乏系统性协同、技术转 化周期漫长的痛点，亟待构建一个多层次、共生共荣的"热带雨林式"创新生态系统，其中既有参天乔木 ——领军企业支撑产业骨架，也有灌木丛——创新型中小企业填补细分赛道，更需要阳光雨露——"政 策+资本"滋养。 其一，培育"参天乔木"，打造产业中坚与创新引擎。当前，我国脑机接口产业尚处发展早期，迫切需要 能整合资源、引领方向的"参天乔木"，即具有强大技术整合能力和雄厚资金实力的头部科研机构与领军 企业。《意见》明确提出，发展壮大脑机接口领域领军企业，支持组建产业创新联合体，牵头承担国家 科技重大专项等任务。 值得欣喜的是，在政策的强力牵引下，一批拥有核心技术、具备潜力的企业和机构正崭露头角。例如， 北京脑科学与类脑研究所联合北京芯智达神经技术有限公司研制的半侵入式"北脑一号"和侵入式"北脑 二号"两套 ...