Jin Rong Jie·2025-12-29 15:31Market Overview - The A-share market showed mixed results on December 29, with the Shanghai Composite Index achieving a nine-day winning streak, the longest since 2025, while the Shenzhen Component and ChiNext Index fell by 0.49% and 0.66% respectively [1] - Market sentiment remained high with a trading volume of 2.16 trillion yuan, surpassing 2 trillion yuan for two consecutive days [1] Sector Performance - The commercial aerospace sector continued to perform strongly, with stocks like China Satellite, Aerospace Electronics, and Aerospace Development consistently ranking among the top ten in trading volume [1] - The General Aviation ETF (159231) rose by 1.72%, reaching a historical high, while the Military Industry ETF (512810) increased by 1.69%, marking a new three-year high [1] - The digital currency concept saw fluctuations, with financial technology and banking sectors rebounding quickly. The Financial Technology ETF (159851) surged by 1.08%, achieving a four-day winning streak [1] ETF Highlights - The Military Industry ETF (512810) recorded a net inflow of over 81 billion yuan, leading the industry [6] - The Financial Technology ETF (159851) demonstrated strong liquidity, with a trading volume of nearly 5 billion yuan, indicating a potential upward trend [11] - The Science and Technology Innovation Artificial Intelligence ETF (589520) rose by 0.69%, supported by strong demand for AI-related chips, with a trading volume of 35.94 million yuan [14] Key Stocks - China Satellite saw a four-day consecutive rise, with a trading volume of 133.56 million yuan and a price increase of 10% [8] - Chip manufacturer Chipone Technology reported a record high in new orders, with a 129.94% year-on-year increase, indicating strong demand in the AI chip sector [15] - The stock of LaKala surged over 12% following news related to the digital renminbi, reflecting positive sentiment in the financial technology sector [12] Future Outlook - Analysts suggest that the Hong Kong stock market may benefit from the recovery expectations in mainland China and potential interest rate cuts by the Federal Reserve, indicating a dual improvement in earnings and valuations by 2026 [4] - The digital renminbi is set to officially launch its new framework and management system on January 1, 2026, which could provide new growth opportunities for the financial technology sector [12][13]