大利好！A股，又有增量资金来了！

Group 1 - The private equity industry in China experienced a surge in new product registrations in November, with 1,285 products registered, marking a nearly 30% month-on-month increase and the second-highest monthly record of the year [1] - The stock private equity position index reached 82.97% as of November 21, 2025, a significant increase of 1.84% from the previous week, setting a new annual high and a 185-week record [2] - The number of stocks reaching historical highs increased to 57 in the week of December 1-5, 2025, showing a recovery trend despite a recent market pullback [4] Group 2 - The 2025 National Medical Insurance Drug List added 114 new drugs, including 50 innovative drugs, with an overall success rate of 88%, significantly up from 76% in 2024 [3] - The People's Bank of China has increased its gold reserves for the 13th consecutive month, with reserves reported at 7.412 million ounces as of the end of November [5] - A new satellite manufacturing facility in Wenchang International Space City is set to produce 1,000 satellites annually, enhancing the satellite production ecosystem in China [6] Group 3 - This week, five new stocks are set to be issued, including one from the Shanghai main board, one from the Sci-Tech Innovation Board, one from the Shenzhen main board, and two from the Growth Enterprise Market [7] - Nearly 400 billion yuan worth of locked shares will be unlocked this week, with ten companies having over 1 billion yuan in locked share value [9] - The upcoming Federal Reserve meeting on December 9-10 is expected to result in a 25 basis point cut in policy rates [10]