Zhong Guo Zheng Quan Bao·2025-11-28 08:17Market Overview - The A-share market experienced a low opening but rallied to close higher, with the Shanghai Composite Index rising by 0.34%, the Shenzhen Component increasing by 0.85%, and the ChiNext Index up by 0.70%. Over 4,100 stocks rose, with a total trading volume exceeding 1.59 trillion yuan [1][3]. Local Stocks Performance - Local stocks in Chongqing surged after the Chongqing Municipal Government released a comprehensive reform pilot action plan for market-oriented allocation of factors. Chongqing Construction (600939) hit the daily limit, while other local stocks like Meili Xin (301307) and Zaiseng Technology (603601) also saw significant gains [3][4][7]. Sector Highlights - The film and television sector showed strong performance in the afternoon, with China Film (600977) hitting the daily limit and other companies like Happiness Blue Sea (300528) and Golden Eagle Film (002905) following suit [8][10]. Policy and Market Initiatives - The Chongqing government’s action plan aims to accelerate capital market development, enhance the listing of companies, and promote mergers and acquisitions. It also focuses on optimizing REITs project services and facilitating asset securitization [7]. Company Announcements - Chongqing Construction announced several winning bids, including a project worth 7.81 billion yuan and two projects totaling approximately 18.39 billion yuan [7]. Film Industry Insights - As of November 28, the 2025 film box office exceeded 47 billion yuan, with "Zootopia 2" grossing 5.59 billion yuan. The film's release has seen significant brand collaborations, indicating a growing demand for IP-related merchandise [11]. Market Outlook - Analysts remain optimistic about the film industry, citing the recovery of the box office driven by imported films and the potential for commercial resonance with derivative products. The media sector is expected to improve operational performance in the medium to long term [11].