中国经济网北京10月22日讯 星宸科技(301536.SZ)近日披露的公告显示，公司已于2025年9月26日向 香港联交所递交发行境外上市股份（H股）并在香港联交所主板挂牌上市的申请，并于同日在香港联交 所网站上刊登本次发行并上市的申请资料。 星宸科技本次港股上市的联席保荐人是中金公司、中信建投国际。 星宸科技于2025年9月29日披露的关于公司股东减持计划实施情况暨减持完毕的公告显示，近日， 收到公司股东昆桥资本及其一致行动人昆宸出具的《关于股份减持计划实施完毕的告知函》，截止2025 年9月28日，在减持计划实施期间，昆桥资本与一致行动人昆宸通过大宗交易和集合竞价方式累计减持 公司股份9,616,632股，持有公司股份比例下降至3.8364%，减持情况与此前已披露的减持计划一致，减 持数量在减持计划范围内。 按星宸科技披露的减持价格区间，昆桥资本及其一致行动人昆宸2025年7月1日至2025年9月28日共 计套现区间在5.63亿元至6.61亿元。 | 股东名称 | 减持方式 | 减持期间 | 减持价格区间 (元/股) | 减持股数 (股) | 减持股数占目 前总股本比例 | | --- | --- | - ...

10月20日，贵州省人民政府发布关于促进服务消费高质量发展的实施意见(黔府发〔2025〕7号)。其中 提出，鼓励居住服务消费。推动有条件的物业服务企业与养老、托育、餐饮、家政等企业合作，发 展"物业服务＋生活服务"模式。鼓励物业服务企业建设和使用智慧物业管理服务平台，推广智能安防、 智慧停车、智能门禁等新模式。打造旅居贵州特色品牌，加大线上、线下宣传推广力度。 ...

Core Viewpoint - The A-share market is experiencing a strong trend with significant capital concentration towards core leading companies in industries with clear trends and solid fundamentals, despite over 3,800 stocks declining [1] Group 1: Market Overview - The A-share market continues to show strength, with the ChiNext Index breaking through 3200 points to reach a new high [1] - Leading stock Ningde Times saw its share price exceed 400 yuan, with a market capitalization reaching 1.84 trillion yuan, surpassing Kweichow Moutai [2][3] Group 2: Policy and Consumption - Eight departments, including the Ministry of Commerce, jointly issued guidelines to promote digital consumption, emphasizing the integration of artificial intelligence (AI) with consumer goods [5][7] - The guidelines focus on four main areas: AI hardware consumption (smartphones, wearables, etc.), AI terminal consumption (smart home appliances), intelligent driving consumption, and new digital consumption trends [8] Group 3: Technology Sector Focus - The market's main focus is on AI and new energy sectors, with significant capital flowing into these areas [9] - The AI industry chain is experiencing growth from upstream hardware (e.g., Inspur Information) to downstream applications (e.g., Kunlun Wanwei) [10] Group 4: Storage Industry Insights - The enterprise storage market is projected to reach approximately 87.8 billion USD by 2025, with a CAGR of about 18.7% from 2024 to 2028, driven by increasing AI demand [12] - The supply side of DRAM is tightening due to transitions between DDR4 and DDR5, leading to price increases for NAND products, with companies like SanDisk raising prices by 10% [12][13] Group 5: Opportunities in Domestic Supply Chain - Domestic storage module manufacturers are expected to benefit from the AI-driven demand and supply constraints, with a focus on high-quality component supply [13] - Key players in the storage industry include manufacturers of storage modules, chips, semiconductor equipment, materials, and packaging [14]

Core Viewpoint - The "Guiding Opinions" issued by the Ministry of Commerce and other departments aim to promote digital consumption by focusing on supply-demand collaboration, enhancing digital consumption offerings, nurturing digital consumption entities, optimizing support systems, and creating a favorable environment for digital consumption. Group 1: Digital Product Consumption - The "Guiding Opinions" encourage enterprises to accelerate R&D and increase the effective supply of AI terminal products, unlocking consumption potential for new products such as AI smartphones, computers, smart robots, wearable devices, and desktop 3D printers [2] - It emphasizes the need to accelerate the development and interconnectivity of smart home appliances, smart security, and video care systems, as well as to conduct pilot projects for smart connected vehicles [2] Group 2: Digital Service Consumption - The "Guiding Opinions" promote the use of AI, virtual reality, and augmented reality to enhance consumer experiences in cultural venues, tourist attractions, and leisure districts, creating immersive and diverse consumption scenarios [3] - It also highlights the importance of digital empowerment in life services, aiming to build a smart service platform that integrates online and offline services [3] Group 3: Digital Content Consumption - The "Guiding Opinions" encourage the use of technologies like the metaverse and generative models to innovate digital cultural products, integrating elements from museums and intangible cultural heritage [4] - It supports the creation of high-quality content in fields such as animation, gaming, film, music, and online literature, promoting a healthy development of secondary creation through cultural co-creation [4] Group 4: Digital Marketing and E-commerce - The "Guiding Opinions" outline the development of smart retail and support for the digital marketing of physical commerce enterprises across various channels [5] - It encourages the healthy development of new business models such as instant retail, social e-commerce, and live-streaming e-commerce, while promoting quality standards in e-commerce [5] Group 5: Financial Support for Digital Consumption - The "Guiding Opinions" propose that government financing guarantee institutions provide credit support for small and micro enterprises in the digital consumption sector [7] - It encourages financial institutions to collaborate with digital consumption and payment enterprises to develop financial products and services tailored to digital consumption characteristics [7]

Core Viewpoint - The Ministry of Commerce and eight other departments jointly issued the "Guiding Opinions on Vigorously Developing Digital Consumption to Co-create a Better Life in the Digital Age," aiming to enhance digital consumption and stimulate economic vitality [1][2]. Group 1: Supply and Demand Coordination - The "Guiding Opinions" focus on coordinating supply and demand, proposing 14 tasks across four main areas [1]. - The first area emphasizes enriching the supply of digital consumption, including expanding digital product consumption and innovating digital content consumption [1][2]. Group 2: Digital Consumption Business Entities - The second area aims to cultivate and strengthen digital consumption business entities by enhancing innovation capabilities and supporting the digital development of small and medium-sized enterprises [1][2]. Group 3: Support System for Digital Consumption - The third area focuses on optimizing the support system for digital consumption, including building digital consumption platforms and improving logistics and payment systems [1][2]. Group 4: Environment for Digital Consumption - The fourth area seeks to create a favorable environment for digital consumption through promotional activities and international cooperation, ensuring healthy and regulated development [1][2].

【导读】事关 数字消费赛道 ，重磅文件来了 中国基金报记者 张舟 事关 数字消费赛道 ，重磅文件来了！ 9月24日，商务部等8部门联合对外发布《关于大力发展数字消费共创数字时代美好生活的指 导意见》（以下简称《指导意见》）。 《指导意见》明确了数字消费的概念。 数字消费包括：数字产品消费、数字服务消费、数字 内容消费以及通过数字渠道实现的消费。 《指导意见》确定了总体要求： 全面贯彻落实党中央、国务院决策部署，发挥超大规模市场优势，扩大数字消费多元化供 给，创新和丰富数字消费场景，促进数字消费更高水平供需动态平衡，激发和增强社会经济 活力。 《指导意见》聚焦供需两侧协同发力，从四方面提出14项任务举措： 一是丰富数字消费领域供给。扩大数字产品消费，提升数字服务消费，创新数字内容消费， 拓展数字消费渠道，以数字消费新供给激发消费新需求。二是培育壮大数字消费经营主体。 提升数字消费企业创新能力，赋能中小企业数字化发展，支持数字消费企业发展壮大，不断 增强内生动力和创新活力。三是优化数字消费支撑体系。打造数字消费平台载体，完善快递 物流配送体系，提升支付便利化水平，强化要素投入保障，加强财政金融支持，构建高效协 同 ...

格隆汇9月24日｜近日，商务部等8部门联合印发《关于大力发展数字消费共创数字时代美好生活的指导 意见》。《指导意见》指出，鼓励企业加速研发创新，增加人工智能终端产品有效供给，释放人工智能 手机、电脑、智能机器人、可穿戴设备、桌面级3D打印设备等新产品消费潜力。加快智能家电、智能 安防、视频照护系统等研发及互联互通。开展智能网联汽车准入和上路通行试点。培育建设新消费品 牌，推动数字国潮等品牌创新发展。 ...

人民财讯9月24日电，商务部等8部门联合印发《关于大力发展数字消费共创数字时代美好生活的指导意 见》，其中提出，扩大数字产品消费。鼓励企业加速研发创新，增加人工智能终端产品有效供给，释放 人工智能手机、电脑、智能机器人、可穿戴设备、桌面级3D打印设备等新产品消费潜力。加快智能家 电、智能安防、视频照护系统等研发及互联互通。开展智能网联汽车准入和上路通行试点。培育建设新 消费品牌，推动数字国潮等品牌创新发展。 ...

数字消费包括数字产品消费、数字服务消费、数字内容消费以及通过数字渠道实现的消费。为释放多样 化、差异化数字消费潜力，发展新型消费，推动消费提质升级，现提出以下意见。 一、总体要求 以习近平新时代中国特色社会主义思想为指导，全面贯彻落实党的二十大和二十届二中、三中全会精 神，完整准确全面贯彻新发展理念，加快构建新发展格局，着力推动高质量发展，以满足人民日益增长 的美好生活需要为出发点和落脚点，发挥超大规模市场优势，扩大数字消费多元化供给，创新和丰富数 字消费场景，促进数字消费更高水平供需动态平衡，激发和增强社会经济活力。 二、丰富数字消费领域供给 （一）扩大数字产品消费。鼓励企业加速研发创新，增加人工智能终端产品有效供给，释放人工智能手 机、电脑、智能机器人、可穿戴设备、桌面级3D打印设备等新产品消费潜力。加快智能家电、智能安 防、视频照护系统等研发及互联互通。开展智能网联汽车准入和上路通行试点。培育建设新消费品牌， 推动数字国潮等品牌创新发展。 （二）提升数字服务消费。鼓励运用人工智能、虚拟现实、增强现实等信息技术，赋能文博场馆、旅游 景区、休闲街区等相关场所，打造沉浸式、体验式的多元化消费场景。开展"人工智 ...

Overall Requirements - The initiative aims to enhance digital consumption by leveraging the advantages of a large-scale market, promoting diversified supply, and innovating consumption scenarios to achieve a dynamic balance between supply and demand [2] Expanding Digital Consumption Supply - Encouragement for enterprises to accelerate R&D and increase the supply of AI terminal products, including smartphones, computers, and smart home devices [3] - Promotion of immersive and experiential consumption scenarios in cultural and tourism sectors through technologies like AI and virtual reality [3][4] - Development of digital content through cultural digitization strategies and innovative technologies, targeting various demographics including the elderly [4] Cultivating Digital Consumption Entities - Strengthening innovation capabilities of digital consumption enterprises and fostering influential small and medium-sized enterprises [6] - Enhancing digitalization support for small and micro enterprises, particularly in rural e-commerce [6] Optimizing Digital Consumption Support System - Encouragement for the development of smart retail and digital marketing across various channels [5] - Improvement of logistics and delivery systems, including the use of drones and automated delivery vehicles [7] - Promotion of payment convenience through the expansion of digital currency acceptance and improved payment experiences [8] Creating a Favorable Environment for Digital Consumption - Organization of consumption promotion activities, such as online shopping festivals and digital currency incentives [10] - Encouragement of international cooperation in e-commerce and digital education to meet diverse consumer needs [13] Promoting Healthy Development - Support for the establishment of standards in digital products and services, and the implementation of a data-driven regulatory model [11] - Development of a monitoring and analysis system to assess digital consumption trends and consumer confidence [11]