Core Viewpoint - The article emphasizes the importance of developing future industries driven by cutting-edge technologies, which are in the early stages of incubation or industrialization, representing strategic, leading, disruptive, and uncertain emerging sectors [2]. Group 1: Future Manufacturing - Focus on developing intelligent manufacturing, biological manufacturing, nanomanufacturing, laser manufacturing, and circular manufacturing, while breaking through key technologies such as intelligent control and simulation [9]. - Promote flexible and shared manufacturing models, and advance the development of industrial internet and industrial metaverse [9]. Group 2: Future Information - Accelerate the industrial application of next-generation mobile communication, satellite internet, and quantum information technologies [9]. - Enhance innovations in quantum and photonic computing technologies, and foster deep integration of brain-like intelligence and large models [9]. Group 3: Future Materials - Upgrade advanced basic materials in non-ferrous metals, chemicals, and inorganic non-metals, and develop key strategic materials such as high-performance carbon fibers and advanced semiconductors [9]. - Accelerate the innovation and application of frontier new materials like superconductors [9]. Group 4: Future Energy - Focus on nuclear energy, nuclear fusion, hydrogen energy, and biomass energy, creating a comprehensive future energy equipment system [10]. - Develop high-efficiency solar cells, including new crystalline silicon and thin-film solar cells, and promote the integration and upgrading of energy electronics [10]. Group 5: Future Space - Concentrate on aerospace, deep-sea, and deep-earth fields, developing high-end equipment such as manned spaceflight, lunar and Mars exploration, and advanced efficient aircraft [10]. - Innovate in deep-sea exploration equipment and urban underground space development [10]. Group 6: Future Health - Accelerate the industrialization of cutting-edge technologies in cell and gene technology, synthetic biology, and biological breeding [10]. - Leverage 5G/6G, metaverse, and artificial intelligence to empower new medical services [10]. Group 7: Key Innovative Products - Develop humanoid robots with breakthroughs in core technologies such as high-torque density servo motors and intelligent perception [11]. - Enhance quantum computing technology and its applications across various industries [11]. - Innovate in new display technologies like quantum dot displays and holographic displays for widespread application [12]. Group 8: Regional Focus on Future Industries - In Guangdong, focus on strategic emerging industry clusters such as semiconductors, artificial intelligence, and renewable energy [24]. - In Beijing, prioritize the development of gene technology, cell therapy, and brain science [31]. - In Shenzhen, emphasize the growth of synthetic biology and intelligent robotics [26].

近日发布的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提出，前瞻布局未来产 业，探索多元技术路线、典型应用场景、可行商业模式、市场监管规则，推动量子科技、生物制造、氢 能和核聚变能、脑机接口、具身智能、第六代移动通信等成为新的经济增长点。中央明确这六大赛道作 为未来产业的核心方向不是简单的技术罗列，而是立足产业优势、产业规律，遵循因地制宜发展新质生 产力的根本原则，对经济增长新引擎的精准判断和战略选择，避免面面俱到的布局模式。 这并非国家政策第一次明确未来产业的具体赛道。此前，《中华人民共和国国民经济和社会发展第十四 个五年规划和2035年远景目标纲要》就曾明确部署，在类脑智能、量子信息、基因技术、未来网络、深 海空天开发、氢能与储能等前沿科技和产业变革领域，组织实施未来产业孵化与加速计划，谋划布局一 批未来产业。工信部等7部门2024年出台的《关于推动未来产业创新发展的实施意见》，划分了未来制 造、未来信息、未来材料等六大重点方向，还列出了人形机器人、量子计算机、脑机接口、6G网络设 备等标志性产品。可见，此次"十五五"规划建议明确的六大未来产业，是在过往政策不断细化聚焦的基 础上形成的，是 ...

Core Insights - The recent proposal by the Central Committee outlines six key future industries: quantum technology, biomanufacturing, hydrogen energy, nuclear fusion energy, brain-computer interfaces, and embodied intelligence, which are seen as new economic growth points [1][3] - This proposal builds on previous policies, indicating a continuous and upgraded strategic layout for future industries in China [2] Industry Focus - The selected six future industries leverage China's existing advantages in quantum technology, 6G, and biomanufacturing, while also addressing pressing societal needs and supporting the dual carbon goals [3] - These industries are viewed as critical for enhancing new productive forces and addressing key bottlenecks in technology [3] Strategic Approach - The development of future industries requires a focused approach, avoiding the pitfalls of scattered investments and ensuring that local strengths align with national strategies [3][4] - The emphasis is on tailored strategies for different regions to prevent homogenization and resource wastage, promoting effective collaboration at the national level [3][4] Global Context - The article highlights that a broad-based approach has proven ineffective, with examples from both China and developed countries showing that focused strategies lead to technological breakthroughs [4] - The competition in future industries is characterized by the need for concentrated resources on core areas to gain a competitive edge in the global technology landscape [4]

近日发布的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提出，前瞻布局未来产 业，探索多元技术路线、典型应用场景、可行商业模式、市场监管规则，推动量子科技、生物制造、氢 能和核聚变能、脑机接口、具身智能、第六代移动通信等成为新的经济增长点。中央明确这六大赛道作 为未来产业的核心方向不是简单的技术罗列，而是立足产业优势、产业规律，遵循因地制宜发展新质生 产力的根本原则，对经济增长新引擎的精准判断和战略选择，避免面面俱到的布局模式。 （文章来源：经济日报） 发展未来产业要有所为有所不为。新一轮科技革命呈现融合交叉、多点突破之势，孕育的未来产业潜在 方向纷繁复杂，需依据我国产业基础与资源禀赋精准研判。各地要因地制宜选择未来产业赛道，防止一 哄而上、盲目跟风，引发同质化竞争与资源浪费。立足本地产业基础与特色优势做到"一地一策"，既能 避免内卷，又能形成全国层面的产业协同，让地方优势与国家战略同频共振，为未来产业发展注入高效 动能。 面面俱到的布局模式早已被实践证明是行不通的。部分地区曾陷入"撒胡椒面"式的发展误区，同时布局 未来产业多个领域，结果研发力量分散，投资巨大却未能取得一项核心突破，造成资金浪费 ...

Core Viewpoint - The current technology market rally is driven by a new technology cycle, supported by macro policies and industry logic, rather than short-term hot concepts [3][4] Group 1: Technology Market Dynamics - The technology market is experiencing a new cycle driven by advancements in AI, chips, and robotics, with significant breakthroughs in domestic sectors like robotics and innovative pharmaceuticals [4] - Major overseas tech companies are increasing their AI capital expenditures, which is boosting domestic industry chain orders [4] - The development of new productive forces is expected to be a key focus of the "14th Five-Year Plan," guiding investment directions in technology [4] Group 2: Strategic Industry Focus - Key strategic emerging industries include next-generation information technology, AI, biotechnology, new energy, new materials, high-end equipment, green environmental protection, and digital creativity [5] - Future industries outlined in national planning encompass six major tracks: future manufacturing, information, materials, energy, space, and health, along with ten innovative flagship products such as humanoid robots and quantum computers [5] - Industries with long-term global competitiveness include traditional high-end equipment manufacturing and emerging sectors like new energy vehicles and solid-state batteries [5] Group 3: Market Outlook and Investment Strategy - The market is expected to shift from a peak technology rally to a "structured balance" in the fourth quarter, focusing on performance realization and valuation levels [6] - The "14th Five-Year Plan" will clarify main lines of development, including new productive forces and technology-driven innovation, as well as expanding domestic demand [6] - The "anti-involution" trend will impact industries like photovoltaics and new energy vehicles, with significant participation from private enterprises [6] Group 4: Gold Market Insights - The rise in gold prices is attributed to its inherent properties, central bank purchases, global liquidity, and investor concerns over the safety of dollar assets [7] - There remains strong demand for gold from central banks and asset institutions amid uncertainties in the dollar exchange rate and potential Fed rate cuts [7] - Caution is advised as the short-term price increase may lead to potential high-level adjustments in the gold market [7]