Market Overview - The three major indices showed mixed performance, with the Shanghai Composite Index down 0.07% at 3873.12 points, the Shenzhen Component Index up 0.10% at 13020.29 points, and the ChiNext Index up 0.55% at 3084.22 points [1] Economic and Policy Developments - President Xi Jinping emphasized the need for China and France to expand cooperation in traditional sectors like aviation and nuclear energy, while also exploring potential in green economy, digital economy, biomedicine, AI, and new energy [2] - The Ministry of Commerce stated that China is implementing export controls on rare earths in accordance with laws and regulations, aiming to maintain global supply chain stability [2] - The People's Bank of China announced a 1 trillion yuan reverse repurchase operation scheduled for December 5, 2025, using a fixed quantity and multi-price bidding method [2] Industry Insights - The World Gold Council predicts that gold prices could rise by 15% to 30% by 2026 due to declining U.S. Treasury yields, heightened geopolitical risks, and increased demand for safe-haven assets [2] - The China Council for the Promotion of International Trade is engaging with the U.S. semiconductor industry to enhance cooperation and maintain supply chain stability [3] - TSMC highlighted that AI power consumption is increasing exponentially, making energy efficiency a critical factor for AI adoption [3] Company Announcements - Doubao Mobile's initial stock of 30,000 units sold out, with further material not yet ordered, while ByteDance and ZTE have initiated R&D for their second-generation products expected to ship by the end of 2026 [3] - Xingfa Group announced a contract with BYD's subsidiary for an 80,000 tons/year lithium iron phosphate processing agreement [3] - Meta's CEO plans to reduce spending on the metaverse project by up to 30% [7] Market Sentiment and Predictions - Financial analysts suggest that the A-share market is currently experiencing low activity, with a cautious sentiment among investors, and anticipate a potential new bullish phase as institutional funds begin to position for 2026 [8] - According to招商证券, net inflows of incremental funds are expected to remain stable in December, with foreign capital activity likely to increase [9]
开盘：三大指数涨跌不一 赛马概念、电机板块跌幅居前
Sou Hu Cai Jing·2025-12-05 01:53