Zheng Quan Shi Bao·2025-12-21 12:57Group 1: Regulatory Changes - The State Council of China held a meeting to implement decisions from the Central Economic Work Conference, emphasizing the need for departments to detail and accelerate the implementation of economic policies for the upcoming year [3] - The National People's Congress is set to review drafts related to state-owned asset management, which includes regulations on the management, reporting, and supervision of state-owned assets [4][5] Group 2: Market Regulation - The National Internet Information Office and the China Securities Regulatory Commission have cracked down on accounts spreading rumors and illegal stock recommendations, highlighting the impact of misinformation on investor decisions [6] - The Financial Regulatory Bureau is seeking public opinion on the draft of the Asset-Liability Management Measures for insurance companies, which aims to enhance asset-liability management frameworks [7] Group 3: Industry Developments - The "Internet Platform Pricing Behavior Rules" have been released to regulate pricing practices on online platforms, ensuring fair competition and protecting consumer rights [9] - The first L3-level autonomous driving license was issued to Changan Automobile, marking a significant milestone in the domestic autonomous driving sector [10] - Moore Threads unveiled a new GPU architecture, "Huagang," which boasts a 50% increase in computing density and a tenfold improvement in energy efficiency [11] Group 4: Index Adjustments - The FTSE China A50 Index has added companies such as China Molybdenum and Sungrow Power, while removing others like Jiangsu Bank and SF Holding [12] - The FTSE China A150 and A200 indices have also undergone adjustments, reflecting changes in the composition of included stocks [12] Group 5: Major Corporate Transactions - China Shenhua announced a significant acquisition involving the purchase of 100% stakes in multiple energy and coal companies, with a total transaction value of 133.598 billion yuan, making it the largest acquisition in A-share market history [13] Group 6: Upcoming Market Events - Three new stocks are set for subscription this week, with specific details on their issuance prices and codes provided [15] - A total of 53 companies will have their restricted shares released this week, amounting to 210.32 billion shares with a total market value of approximately 1,879.88 billion yuan [16][17] Group 7: Investment Strategies - Various securities firms are signaling a potential "cross-year-spring" market rally, with expectations for increased investment activity and a focus on blue-chip indices [19] - The ongoing demand for AI computing power is highlighted, with recommendations to focus on domestic AI infrastructure as it develops [19] - The appreciation of the RMB is noted as a factor for investment strategies, with certain industries expected to benefit from this trend [20]