SJA(SH:600609) Sou Hu Cai Jing·2025-11-25 00:37Market Performance - On November 24, 2025, A-shares saw collective gains with the Shanghai Composite Index up 0.05%, Shenzhen Component Index up 0.37%, and ChiNext Index up 0.31%. The total trading volume in the Shanghai and Shenzhen markets was approximately 1.73 trillion yuan, a decrease of about 237.88 billion yuan from the previous trading day [2] - Hong Kong's stock market indices also rose, with the Hang Seng Index increasing by 1.97% or 496.48 points, closing at 25,716.5 points, and a total trading volume of 302.64 billion HKD. The Hang Seng Tech Index rose by 2.78% [2] - In the U.S., major stock indices rebounded, with the Nasdaq Composite Index rising by 2.69% to 22,872.01 points, marking the largest single-day gain since May. The Dow Jones Industrial Average increased by 0.44% and the S&P 500 Index rose by 1.55% [2] New Stock Listings - A new stock, Hai'an Group, was listed today with a price of 48 yuan per share and a price-to-earnings ratio of 13.94. The company specializes in the research, production, and sales of giant all-steel engineering machinery radial tires and mining tire management services, possessing production technology for a full range of giant tires [2] Bond Market Developments - On November 24, 2025, four private equity investment institutions conducted a roadshow in Beijing to issue a total of 930 million yuan in science and technology innovation bonds, marking the second batch supported by the central bank's risk-sharing tool. This initiative aims to enhance financing for private equity investment institutions through the interbank bond market [3] - The People's Bank of China announced it will conduct a 10 billion yuan MLF operation on November 25, 2025, with a one-year term, to maintain ample liquidity in the banking system [4]