Xin Lang Cai Jing·2025-12-15 00:36Market Performance - On December 12, 2025, A-shares saw all three major indices rise, with the Shanghai Composite Index closing at 3889.34 points, up 0.41% [1] - The Shenzhen Component Index closed at 13258.33 points, up 0.84%, and the ChiNext Index closed at 3194.36 points, up 0.97% [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.09 trillion yuan, an increase of 230 billion yuan from the previous trading day [1] - Hong Kong's stock market indices rebounded strongly, with the Hang Seng Index rising 1.75% to 25976.79 points, and a total trading volume of 242.657 billion HKD [1] - In contrast, U.S. stock indices collectively fell, with the Dow Jones down 0.51%, the Nasdaq down 1.69%, and the S&P 500 down 1.07% [1] Economic Policies - On December 14, 2025, three departments issued a notice to enhance collaboration between commerce and finance to boost consumer spending [2] - The notice emphasizes upgrading consumer goods, particularly durable goods and digital products, and improving financial services for consumer loans [2] - Financial institutions are encouraged to collaborate with platforms and key merchants to enhance payment options and better meet consumer needs [2] - The policy aims to rationally determine loan issuance ratios, terms, and interest rates based on customer repayment ability and credit status [2] Green Development Initiatives - At the 2025-2026 China Economic Annual Conference, a government official highlighted the transition to carbon emission control starting next year [3] - The focus will be on promoting green transformation and developing a new energy system, including expanding the application of green electricity [3] - The initiative includes fostering new growth points such as hydrogen energy and green fuels, and establishing zero-carbon parks and factories [3]