新浪财经资讯AI速递：昨夜今晨财经热点一览 丨2025年12月29日

Group 1: Policy and Market Adjustments - The Ministry of Finance will continue to support the consumption upgrade policy in 2026, with an increased subsidy budget of 300 billion yuan for 2025, expanding the range of eligible products [10] - Moutai Group aims to shift its distributors' reliance on the single product "Flying Moutai" for profits, as its market price has been declining, leading to a micro-profit state for distributors [11] Group 2: Consumer Behavior and Market Trends - In the first week of Hainan's free trade port operation, duty-free shopping surged by 54.9% year-on-year, with Sanya's duty-free store sales significantly increasing [12] - The A-share market has seen a record trading volume, surpassing 405 trillion yuan for the first time, indicating a potential "spring market" as funds begin to position themselves ahead of the new year [17] Group 3: Currency and Investment Insights - The recent strengthening of the RMB against the USD is supported by a weaker dollar index and increased corporate demand for currency settlement, although future fluctuations are expected [13] - Global pharmaceutical investments are shifting from Europe to the US and Asia, particularly China, due to lower R&D investments in Europe and rising costs [16] Group 4: Corporate Developments - Xiaomi's Vice Chairman plans to gradually reduce his shareholding by up to $20 billion over the next few years, indicating a strategic move to establish an investment fund while expressing confidence in Xiaomi's business prospects [15] - Hubei Yangfeng Group awarded over 20 million yuan in bonuses to more than 300 employees, highlighting a focus on innovation and digital transformation [6]