5月14日，七部门联合发布《加快构建科技金融体制的若干政策举措》（以下简称《政策举措》），从 创业投资、货币信贷、资本市场、科技保险等7个方面强化部署，推动更多金融资源进入科技创新领 域。对科技创业者来说，无疑是一场"春雨"。 当前中国的创业生态和创始人背景正发生明显的变化，越来越多实验室成果与市场拥抱。有机构统计显 示，科创板上市公司中，约20%的创始人有高校科研院所的科研背景，约80%公司与高校科研院所有产 学研及成果转化的合作关系，科创板上市公司和科技成果转化有着强关联关系。 日前，2025粤港澳大湾区双创教育论坛在华南理工大学举办，40余所内地及港澳知名高校、71家企业、 68个投资机构及孵化主体到场。这所被称为"企业家的摇篮"、双创教育走在全国前列的高校，是观察粤 港澳大湾区双创人才培养和科技创业氛围的重要窗口之一。 从现场项目来看，AI技术融合特色鲜明，高校为创业者提供全方位支持，促进投资机构与创业项目对 接。10家投融资机构与华工签署合作协议，将在人才培育、项目孵化、成果对接、导师辅导等深度合 作，重点支持面向湾区新一代信息技术、新能源、生物医药、智能制造与装备等战略性新兴产业的创新 项目。 （ ...

明日主题前瞻 1、智能体 | 5月13日，据智通财经，2025数据智能大会将于6月18日至19日在北京召开，大会将发布数智应用领域的多项标准。智能体研发运营(AgentOps)是 以智能体(AIAgent)为核心对象，强调将传统AI模型开发与智能体特有的规划、推理、执行、反馈能力相结合，形成端到端的管理闭环，围绕智能体全生命 周期构建的系统性方法论，通过标准化流程、自动化工具链及跨职能协作机制，提升智能体开发效率、增强智能体运营稳定性、优化多智能体协同能力、促 进智能体系统同业务场景的紧密耦合。 点评：报道指出，在技术革新、场景适配与市场需求的三重因素驱动下，2024年全球智能眼镜市场的出货量为156.8万副，同比增长119%；中国智能眼镜市 场出货量为16.7万副，同比增长44.0%。据《IDC中国可穿戴设备市场季度跟踪报告》显示，华为智能眼镜系列连续4年蝉联中国音频眼镜市场出货量第一。 随着AI眼镜不断放量，智能眼镜产业链公司将受益。 5、可复用火箭 | 5月13日，中国航天科技集团六院宣布，140吨级重复使用液氧甲烷发动机完成首次整机试验并取得成功。该发动机是我国推力最大的开式 液氧甲烷发动机，将为可重 ...

Investment Rating - The report indicates a positive outlook for the commercial aerospace industry, suggesting that the sector will continue to experience growth and investment opportunities in the near future [8][10]. Core Insights - The commercial aerospace industry is expected to benefit from the ongoing development of satellite internet constellations and the increasing demand for satellite launches, which will drive the industry's growth [7][8]. - The report emphasizes that the demand for satellite launches is unprecedented, and the application of reusable rocket technology will be a key factor in accelerating industry development [11][55]. - The report highlights the importance of government policies and support for the commercial aerospace sector, which are expected to provide a favorable environment for growth [25][28]. Summary by Sections Recent Events and Outlook - The report discusses the limited direct impact of recent U.S. tariff policies on China's commercial aerospace industry due to the country's advancements in domestic production capabilities and technology [25][26]. - It notes that several policies aimed at regulating and promoting the commercial aerospace industry have been implemented, which will help establish a foundation for accelerated development [27][28]. Investment Opportunities for 2025 - The report identifies several key areas for investment in the commercial aerospace sector, including satellite manufacturing, satellite communication, and satellite navigation, all of which are expected to see significant growth [10][11][12]. - Specific companies to watch include those involved in satellite manufacturing and internet constellations, as well as those intersecting with emerging industries like smart driving and artificial intelligence [9][13]. Market Performance - The report provides an overview of the market performance of the commercial aerospace index, noting a slight increase compared to other indices, indicating a resilient sector amidst broader market fluctuations [19][20]. - It highlights the performance of specific companies within the sector, showcasing significant gains for some while others faced declines [20][52]. Future Developments - The report anticipates that the commercial aerospace industry will continue to grow rapidly, supported by government initiatives and increasing private sector investment [26][39]. - It also mentions the ongoing development of new satellite constellations and the expansion of satellite internet services, which are expected to drive future growth [33][36][37].