公募销售费率新规出炉；2025年A股成交创420万亿纪录｜南财早新闻

Investment News - The China Securities Regulatory Commission (CSRC) announced the launch of a pilot program for commercial real estate investment trusts (REITs), effective immediately. This initiative aims to clarify market access arrangements for commercial real estate REITs and support the issuance of assets that align with policy directions [4] - The Shenzhen Stock Exchange is soliciting public opinions on revisions to the "Stock Listing Rules." Key revisions include strengthening the responsibilities of the company secretary, improving the management of directors and executives, and regulating the behavior of controlling shareholders and actual controllers [4] - In 2025, the total trading volume of A-shares reached a historical record of 420.21 trillion yuan, a year-on-year increase of 62.64%. The market has seen active trading, with daily transactions exceeding 1 trillion yuan becoming the norm. The "technology bull" market has been prominent, with major indices showing strong performance, particularly the ChiNext Index, which led with an annual increase of nearly 50% [4] Company Movements - Tesla has reduced the prices of its Model 3 sedan and Model Y SUV in South Korea, with the maximum price cut reaching 940,000 KRW (approximately 6,490 USD) [6] - NVIDIA is in advanced negotiations to acquire Israeli AI startup AI21 Labs for up to 3 billion USD [6] - Vanke Co., Ltd. plans to hold a bondholders' meeting from January 16 to 19, 2026, to discuss adjustments to the repayment arrangements for certain bonds [6] - Luxshare Precision plans to repurchase a portion of its issued A-shares using its own or raised funds, with a total repurchase amount not less than 1 billion yuan and not exceeding 2 billion yuan [6]