Nvidia(US:NVDA) 2 1 Shi Ji Jing Ji Bao Dao·2025-12-05 23:23Investment News - The Financial Regulatory Administration has issued a notice adjusting the risk factors related to insurance companies' investments in stocks, which is seen as a positive signal for the capital market, potentially boosting the allocation of equity assets by insurance funds and enhancing market confidence [5] - On December 5, the China Securities Regulatory Commission released a draft for public consultation on the "Regulations on the Supervision and Administration of Listed Companies," marking the introduction of the first dedicated regulatory framework for listed companies in China [5] - The A-share market experienced a rally, with non-bank financial stocks surging in the afternoon session. The Shanghai Composite Index closed up 0.7% at 3902.81 points, the Shenzhen Component Index rose 1.08%, and the ChiNext Index increased by 1.36%, with a total market turnover of 1.74 trillion yuan. Sectors such as rare earth permanent magnets, non-ferrous metals, controlled nuclear fusion, superconductors, and commercial aerospace saw strong gains [5] - According to the World Gold Council, the total holdings of gold ETFs increased to 3932 tons by the end of November, marking the sixth consecutive month of growth, with over 700 tons purchased in 2025, indicating a potential record annual increase in holdings [6] - The Shanghai Futures Exchange and Shanghai International Energy Exchange announced adjustments to the price fluctuation limits for various futures contracts, effective from December 9, with limits set at 7% and margin requirements adjusted to 8% for hedging and 9% for general positions [6] Company Developments - "Domestic GPU first stock" Moore Threads officially listed on the STAR Market on December 5, opening with a surge of 468.78% to 650 yuan per share, reaching a peak of 688 yuan during trading, with a potential profit exceeding 280,000 yuan per lot, closing at 600.5 yuan per share, up 425.46%, with a total market capitalization of 282.3 billion yuan [7] - Huawei's CEO Ren Zhengfei stated that the company is focusing on the application of large models, big data, and computing power in agriculture, technology industries, and communication technology over the next 3-5 years, emphasizing the importance of AI research [7] - BYD's Chairman Wang Chuanfu noted a decline in domestic sales this year, attributed to a decrease in technological leadership compared to previous years and user demand issues such as slow low-temperature charging, indicating a need for technological breakthroughs [7] - Meituan announced the issuance of 30 million weekend consumption vouchers starting December 5, focusing on subsidizing high-temperature food items like hot pot and soup noodles, with a total investment exceeding 100 million yuan [7] - Aowei New Materials announced plans to acquire the usage rights for embedded software and communication middleware code from Zhiyuan Innovation for 26 million yuan, which constitutes a related party transaction but does not qualify as a major asset restructuring [7] - Yadea Technology Group issued a statement regarding its "Maodou" electric vehicle, acknowledging design oversights that caused inconvenience to consumers and expressing apologies [8]