Sou Hu Cai Jing·2025-12-30 00:27Market Overview - US stock indices experienced slight declines, with the Dow Jones down 0.51%, Nasdaq down 0.5%, and S&P 500 down 0.35% due to volatility in commodity prices and limited progress in Ukraine ceasefire talks [1] - International oil prices rose over 2%, with WTI crude futures up 2.36% to $58.08 per barrel and Brent crude futures up 2.14% to $61.94 per barrel [1] - Precious metals saw significant declines, with COMEX gold futures down 4.45% to $4,350.2 per ounce and COMEX silver futures down 7.2% to $71.64 per ounce [1] Currency and Investment Outlook - Offshore RMB against USD broke 7, rising 0.06% as foreign institutions expressed positive expectations for the Chinese market, anticipating an "upward opportunity period" for Chinese assets by 2026 due to liquidity and policy support [2] - The People's Bank of China announced a plan to enhance the digital RMB management service system, set to be implemented on January 1, 2026, marking a transition to a "digital deposit currency" era [2] Corporate Announcements - Tianjian Technology issued a major risk warning, predicting a negative net profit for 2025 due to military product price adjustments, which may lead to a delisting risk warning [3] - Shenjian Co., a commercial aerospace stock, announced severe abnormal stock price fluctuations, indicating a potential rapid decline in stock value [3] Stock Market Dynamics - As of December 26, 2025, the total market capitalization reached 109 trillion yuan, with a record trading volume exceeding 400 trillion yuan for the year, and an average daily trading volume of 1.72 trillion yuan, up 62% year-on-year [4] - The A-share market in 2025 exhibited a pattern of "policy-driven + event-catalyzed + industry landing," with significant activity in AI hardware and commercial aerospace concepts [4] Fund and Investment Trends - Southbound funds recorded a net sell of 3.414 billion HKD, with major sell-offs in China Mobile and Alibaba, while China Merchants Bank saw net buying [5] - As of November 2025, the total scale of public funds in China reached 37.02 trillion yuan, marking the eighth record high this year, with significant growth in money market funds [5] Industry Developments - The first domestically produced 300 MW heavy-duty gas turbine project was officially put into operation, marking a significant milestone in China's gas turbine industry [13] - Intel completed the sale of 214.8 million shares to Nvidia for $5 billion, indicating ongoing strategic movements in the semiconductor sector [14] Corporate Strategies - JD.com and Yushutech launched their first offline store, marking a significant step in their collaboration in the smart robotics sector [6] - Guizhou Moutai plans to maintain its market supply of Moutai 1935 while focusing on the mass consumer market with Moutai Prince liquor, aiming for a sales target of 10 billion yuan [6]