（原标题：港股异动 | 百度集团-SW(09888)午后涨超17% 与招商局集团签署战略合作协议 共同推进AI 领域新场景应用） 智通财经APP获悉，百度集团-SW(09888)午后涨超17%，截至发稿，涨17.24%，报132.8港元，成交额 62.24亿港元。 据介绍，招商局集团董事长缪建民指出，招商局集团与百度集团合作基础良好，人工智能是招商局集团 下一步发展的重点，希望通过签署协议，在数智化方面及股权投资、金融、物流、物业管理与租赁等领 域深化合作，尤其是加强云计算、AI大模型、创新医药等方面合作，推动双方合作不断迈上新台阶。 消息面上，据招商局集团官微消息，9月15日，招商局集团与百度集团在深圳签署战略合作框架协议。 根据协议，双方将通过紧密合作，积极发挥各自优势，在科创产业、交通物流、综合金融、地产园区等 领域开展合作，构建双赢、可持续发展的战略合作伙伴关系，实现资源共享、优势互补、互利共赢、共 同发展。 ...

据介绍，招商局集团董事长缪建民指出，招商局集团与百度集团合作基础良好，人工智能是招商局集团 下一步发展的重点，希望通过签署协议，在数智化方面及股权投资、金融、物流、物业管理与租赁等领 域深化合作，尤其是加强云计算、AI大模型、创新医药等方面合作，推动双方合作不断迈上新台阶。 百度集团-SW(09888)午后涨超17%，截至发稿，涨17.24%，报132.8港元，成交额62.24亿港元。 消息面上，据招商局集团官微消息，9月15日，招商局集团与百度集团在深圳签署战略合作框架协议。 根据协议，双方将通过紧密合作，积极发挥各自优势，在科创产业、交通物流、综合金融、地产园区等 领域开展合作，构建双赢、可持续发展的战略合作伙伴关系，实现资源共享、优势互补、互利共赢、共 同发展。 ...

Core Insights - In May 2025, a total of 18 Chinese companies successfully completed IPOs across A-shares, Hong Kong, and US markets, raising a total of 50 billion yuan, with the energy and mining sector leading in fundraising [5][9][21]. Market Analysis - A-shares saw a significant decline in IPO activity, while the Hong Kong A+H listing track continued to gain momentum. The outlook for Chinese companies listing in the US remains uncertain [6][10][25]. - The number of IPOs in May 2025 increased by 38.46% year-on-year but decreased by 25% month-on-month. The total fundraising amount rose by 733% year-on-year and 142.42% month-on-month [9][21]. - The top five fundraising companies for the month included CATL, Hengrui Medicine, Junda Co., Weigao Medical, and Mirxes, with the energy and mining sector being the most concentrated industry for IPOs [7][21]. Performance Metrics - The first-day drop rate for IPOs was 22.22%, with four companies experiencing a decline on their debut [12][13]. - The highest first-day gain was recorded by Tiangong Co. at 411.93%, while the largest drop was by Pigeon Bio at -25.90% [13][14]. Sector and Regional Insights - The energy and mining sector led in fundraising with 346.16 billion yuan, accounting for 69.23% of the total IPO fundraising. The healthcare and advanced manufacturing sectors followed with 114.49 billion yuan and 14.16 billion yuan, respectively [44][50]. - Jiangsu province had the highest number of IPOs at four, while Fujian province led in total fundraising with 332.62 billion yuan [56][57]. Investment and Exit Analysis - In May 2025, 11 companies with VC/PE backing went public, with a total exit return of 12.4 billion yuan, reflecting a year-on-year increase of 67.57% [35][36]. - The average return on investment for VC/PE-backed IPOs was 2.16 times, showing a decline compared to previous periods [35][36]. Policy Developments - The Hong Kong Securities and Futures Commission announced a "Tech Company Fast Track" to facilitate the listing of tech and biotech companies [22][76]. - A series of financial policies were introduced by the People's Bank of China and other regulatory bodies to stabilize the market, including liquidity injections and increased loan quotas [17][78].