Core Viewpoint - The Free Trade Port concept has experienced a decline of 2.04%, ranking among the top sectors with the largest drop in the market [1]. Group 1: Market Performance - The Free Trade Port sector saw a net outflow of 603 million yuan in main funds today, with nine stocks experiencing net outflows and five stocks exceeding 50 million yuan in outflows [2]. - The stocks with the highest net outflows include: - Ronioushan: 138 million yuan - Gongxiao Daji: 132 million yuan - Haixia Shares: 107 million yuan - Haima Automobile: 93 million yuan [2][3]. Group 2: Stock Performance - The top decliners in the Free Trade Port sector include: - Ronioushan: -6.15% with a turnover rate of 10.93% - Haixia Shares: -5.51% with a turnover rate of 3.77% - Haima Automobile: -4.78% with a turnover rate of 9.93% [3]. - Conversely, the stocks with net inflows include: - Zhongyuan Haike: 202.05 million yuan - Dongfang Jiasheng: 38.07 million yuan [2][3].

Group 1 - The core viewpoint of the article highlights that global central banks' continuous buying of gold is a major driver behind the rising gold prices [2] - International gold prices have reached new historical highs, with London spot gold rising from $2,625 per ounce at the beginning of the year to $4,550.52 per ounce on December 29 [2] - Increased demand for safe-haven assets and a decline in the credibility of the US dollar have attracted more investors to purchase gold [2] Group 2 - The rising gold prices have also led to significant increases in the prices of other precious metals, such as silver [2]

俄乌突发。 当地时间12月29日，俄罗斯国防部披露乌军空袭普京官邸并被挫败的详情，而乌克兰外交部则坚决否认 相关说法，称其为俄方制造攻击借口的挑衅性言论。 此外，当地时间12月29日，美国总统特朗普在佛罗里达州海湖庄园与以色列总理内塔尼亚胡开始会晤前 透露，他当天早晨与俄罗斯总统普京通电话时，被对方告知乌克兰无人机袭击了普京一处官邸，"我对 此很生气"。 俄方：91架乌无人机欲袭普京官邸已确定回击 俄罗斯国防部29日晚间发布声明称，12月28日至29日，乌军使用91架攻击型无人机对普京位于诺夫哥罗 德州的官邸发动袭击，袭击均已被俄军防空部队挫败。 声明披露，28日夜间至29日凌晨，俄防空部队在布良斯克州上空拦截49架飞往诺夫哥罗德州方向的乌方 无人机，在斯摩棱斯克州上空击落1架飞往同方向的乌方无人机；12月29日7时前，在诺夫哥罗德州上空 拦截18架飞往总统官邸方向的乌方无人机，7时至9时又拦截23架乌方无人机。 俄罗斯外长拉夫罗夫表示，当地时间12月29日凌晨，乌方试图使用91架无人机袭击普京的一处官邸，但 所有无人机均被摧毁。 拉夫罗夫还称，乌方袭击俄总统官邸后，俄方不打算退出谈判进程，但是考虑到乌克兰政 ...

Core Viewpoint - China's merchandise trade exports have shown a surprising year-on-year growth of 6.2% in the first 11 months of this year, exceeding initial expectations despite high tariffs imposed by certain countries, reflecting the resilience brought by the long-term transformation and upgrading of the manufacturing sector and diversification of trade partners [1][2]. Group 1: Export Growth and Structure - The export structure of China has improved, with intermediate goods and capital goods showing significant growth rates of 9.7% and 6% respectively in the first 10 months, contributing 5.6 percentage points to overall export growth [1]. - Intermediate goods accounted for 47.4% of total exports in the first three quarters, an increase of 2 percentage points compared to the end of last year, indicating a shift towards a more favorable export structure [1]. Group 2: Trade Partner Diversification - Exports to the U.S. have decreased by 18.3%, but exports to non-U.S. markets such as Africa, ASEAN, India, the EU, the UK, Latin America, and Australia have maintained high growth, effectively offsetting the decline in exports to the U.S. [2]. - The long-term advantages of manufacturing transformation and market diversification are expected to continue, with a generally optimistic outlook for foreign trade in the coming year [2]. Group 3: Future Strategies - Continued promotion of manufacturing transformation and upgrading is essential, with a focus on integrating technological and industrial innovation to enhance the self-sufficiency of the industrial chain [3]. - The service sector's export potential is significant, with service trade exports growing by 14.3% in the first 10 months, including a 52.5% increase in travel service exports [3]. Group 4: Multilateral Trade System - China has actively supported the multilateral trade system, proposing measures to stabilize and develop the World Trade Organization (WTO) framework, which has garnered widespread support [4]. - Plans for gradual institutional opening and the signing of more regional and bilateral trade agreements are underway, aimed at promoting the free flow of goods, services, and investments [4].

Group 1: Oil and Petrochemical Sector - The oil and petrochemical sector in the A-share market has experienced a continuous rise for 10 trading days, with a gain of over 2% today [2][4] - Notable stocks within this sector include Kangpudun, which hit the daily limit, and Unification and Hengyi Petrochemical, both of which saw increases exceeding 7% [2] Group 2: New Stock Listings - Three new stocks were listed today in the A-share market, all of which saw significant gains during trading [5] - Double Xin Environmental, one of the new listings, experienced a price increase of over 260% [6] - Qiangyi Co., another new stock, saw a price increase of over 220% [10] - Yufan Technology, the third new stock, had a price increase of over 180% [12] Group 3: Other Sectors - The media sector also performed well, with a gain of over 1.5%, featuring stocks like Bainacheng, Hubei Broadcasting, and Jinyi Film, all of which hit the daily limit [4][5]

Group 1 - Digital currency concept stocks experienced a collective surge, with Cuiwei Co., Ltd. (603123) hitting the daily limit and Yuyin Co., Ltd. achieving a second consecutive day of limit-up [1][2] - The People's Bank of China (PBOC) announced a new action plan to enhance the management and service system for digital RMB, set to be implemented on January 1, 2026, marking a transition from cash-type to deposit currency-type [4] - As of November 2025, the digital RMB has processed 3.48 billion transactions, with a total transaction amount of 16.7 trillion yuan, indicating significant adoption and usage [5] Group 2 - The digital RMB wallet balance will earn interest, making China the first economy to offer interest on central bank digital currency [4] - The digital currency sector is expected to see accelerated internationalization of the RMB, driven by policies supporting cross-border payment projects with countries like Thailand, Hong Kong, and the UAE [4][5] - Aerospace concept stocks showed strong performance, with the sector index rising over 7% in the morning session, although some stocks faced significant declines due to risk warnings [6][8] Group 3 - Shenjian Co. has seen a continuous rise in stock price, with eight consecutive limit-ups, but has issued multiple risk warnings regarding its commercial aerospace business, which constitutes a small portion of its revenue [8] - Tianjian Technology issued a major risk warning, expecting a revenue reduction of approximately 2.56 billion yuan due to military product price adjustments, which may lead to a negative net profit for the fiscal year [8]

Economic Overview - China's GDP is expected to grow by 5% in 2025, reaching a total of 140 trillion yuan [7] - The A-share market's total market capitalization has surpassed 100 trillion yuan, significantly boosting market confidence [9] Real Estate and Private Sector - The government is promoting the construction of "good houses" to stabilize the real estate market [11] - The Private Economy Promotion Law has been passed to support the quality development of private enterprises [13][14] Technology and AI - Domestic large models have emerged, with capital actively embracing the AI wave [16] - Global tech giants are competing in artificial intelligence, leading to an investment frenzy [35] International Relations and Currency - The meeting between Chinese and U.S. leaders is seen as injecting certainty into the world economy [28] - The establishment of a RMB clearing bank in Turkey marks a step towards accelerating the internationalization of the yuan [21][23] Trade and Market Dynamics - The global central banks are shifting towards loose monetary policies, impacting market dynamics [42] - The "countervailing tariffs" imposed by the U.S. have caused fluctuations in global markets [31] Consumer Trends - There is a continuous release of consumer potential, with a surge in domestic sports consumption [20]

Group 1: Oil and Petrochemical Sector - The oil and petrochemical sector has experienced a continuous rise, marking its 10th consecutive trading day of gains, with an increase of over 2% today [3] - Notable stocks within this sector include Kangpudun, which hit the daily limit, and Unification and Hengyi Petrochemical, both rising over 7% [3] Group 2: New Stock Listings - Three new stocks were listed today, all experiencing significant gains, with Shuangxin Environmental rising over 260% during trading [7] - Shuangxin Environmental specializes in the research, production, and sales of products along the polyvinyl alcohol (PVA) industry chain, which is a key material in various industries [9] - Qiangyi Co., focused on semiconductor design and manufacturing, saw its stock rise over 220%, positioning itself as a leading domestic manufacturer of MEMS probe cards [11] - Yufan Technology, engaged in drainage pipeline inspection and non-excavation repair, experienced a stock increase of over 180% [13] Group 3: Other Market Movements - The media sector also saw gains, with an increase of over 1.5%, highlighted by stocks such as Bainacheng, Hubei Broadcasting, and Jinyi Film, all reaching their daily limit [5][6]

证券时报记者 江聃 12月27日起，包括国有资产法草案在内的8件法律草案公开向社会征求意见。基于此次公开征求意 见的国有资产法草案（以下简称"草案"），我国将构建由国有资产法、专项国有资产法律、专项国有资 产法规规章组成的国有资产法律制度体系。接受证券时报记者采访的专家认为，新法有利于构建全方 位、全链条的国有资产治理体系，将进一步夯实盘活存量资产、防范国有资产流失的制度基础。 国有资产法草案分为总则、国有资产所有权人职责、国有资产管理、国有资产报告、国有资产监 督、法律责任、附则共七章62条。草案明确定义，国有资产是依照宪法、法律规定明确为国家所有，或 者国家通过购买、出资、征收、接受捐赠等方式取得或形成的境内外财产和权益。 从分类看，草案明确根据国有资产用途和管理需要，将国有资产分为国有自然资源资产、行政事业 性国有资产、企业国有资产以及其他国有资产等四类。中国企业改革与发展研究会研究员吴刚梁对记者 表示，这有利于构建全方位、全链条的国有资产治理体系。同时，草案把企业国有资产作了进一步分 类，即企业（不含金融、文化企业）国有资产、金融企业国有资产和文化企业国有资产三类。对每一类 资产的管理也有更加具体的规 ...

Group 1: New Stock Listings - Three new stocks were listed today, including N Shuangxin, N Yufan, and N Qiangyi, with significant opening gains of 186.13%, 169.18%, and 212.14% respectively [1] - N Shuangxin is the second new company listed in Inner Mongolia this year and focuses on the production and sales of PVA and related products, holding a 13% share of the domestic PVA production with an expected output of 116,900 tons in 2024 [1] - N Yufan specializes in smart city underground pipeline repair and is recognized as a national-level "little giant" enterprise in specialized technology services [1] - N Qiangyi focuses on semiconductor design and manufacturing, specifically in the development and production of MEMS probe cards, breaking the foreign monopoly in this field [2] Group 2: Private Placement Announcements - Four companies announced private placement plans, including Tianqi Co., which plans to issue up to 120 million shares to raise approximately 977 million yuan for automotive equipment projects [3] - Changan Automobile intends to issue up to 630 million shares at a price of 9.52 yuan, aiming to raise 6 billion yuan for new energy vehicle development and global R&D center projects [3] - Beimo High-Tech plans to issue up to 99.56 million shares to raise 1.97 billion yuan for capacity expansion and aviation product projects [3] - Delong Laser aims to raise 240 million yuan through a simplified procedure for laser production and R&D center projects [3] Group 3: Financing Activities - As of December 29, the total market financing balance reached 2.53 trillion yuan, with an increase of 83.80 billion yuan from the previous trading day [4] - A total of 575 stocks received net financing purchases exceeding 10 million yuan, with 53 stocks exceeding 100 million yuan in net purchases [4] - Zijin Mining topped the list with a net purchase of 658 million yuan, followed by China Aluminum and Huadian Co. with net purchases of 460 million yuan and 403 million yuan respectively [4][5] - The electronics, power equipment, and non-ferrous metals sectors had the highest concentration of stocks with net purchases exceeding 100 million yuan, with 9, 8, and 8 stocks respectively [5]