2 1 Shi Ji Jing Ji Bao Dao·2026-01-03 23:15Company Developments - Lei Jun, during a live stream, unveiled Xiaomi's second vehicle model YU7, addressing concerns about the materials used in car manufacturing. He revealed that Xiaomi's car delivery volume is expected to exceed 410,000 units in 2025, with a target of 550,000 units for 2026. Lei also criticized "small character marketing" as an industry flaw and emphasized the importance of addressing user complaints seriously [5][6]. - Luxshare Precision issued a statement regarding false rumors affecting the company, clarifying that its core business is progressing smoothly and that there are no unusual circumstances impacting its normal operations and development [5]. - iMoutai announced an adjustment to the maximum purchase limit for its Feitian 53% vol 500ml Guizhou Moutai liquor, allowing customers to buy up to 6 bottles per day, down from the previous limit of 12 bottles [6]. - BMW China responded to the price reduction of 31 models, stating that this is not a price war but a proactive adjustment of product strategy to meet consumer expectations. The price cut includes a maximum reduction of 301,000 yuan, with the starting price of the iX1 electric model dropping from 299,900 yuan to 228,000 yuan, a decrease of 24% [6]. Industry Insights - On the first trading day of 2026, AI chip supply chain stocks surged. TSMC announced the planned mass production of its 2nm process, and the demand for AI chips has skyrocketed, leading to record highs in both US and Taiwanese stock markets. Samsung Electronics saw a 7.2% increase in its stock price due to the recognition of its HBM4 products by clients. Analysts generally believe that the AI boom will continue into 2026 [3]. - According to Wind data, as of January 3, 151 stocks have been included in the brokerage "golden stock" combinations for January 2026, with over 30% of the stocks being Hong Kong-listed. The most notable A-share and Hong Kong stock are Zhongji Xuchuang and Tencent Holdings, respectively, with a dense distribution of "golden stocks" in the electronics, machinery, and automotive sectors [3]. - CITIC Securities predicts that the A-share bull market is likely to continue in 2026, expecting the index to remain volatile but with slower growth. Investors are advised to focus on fundamental improvements and industry verification. There is a caution regarding structural and phase-based corrections in the technology sector, with resource products potentially becoming a new main direction for A-shares after technology. Key industries to watch include new energy, non-ferrous metals, basic chemicals, oil and petrochemicals, non-bank financials, military industry, machinery, and computers [3]. Macro Economic Indicators - According to Haikou Customs, during the first two days before the New Year holiday, the sales of duty-free goods in Hainan reached 307,000 items, marking a year-on-year increase of 48.3% [2]. - The National Medical Products Administration announced that 76 innovative drugs are expected to be approved for market in China by 2025, significantly surpassing the 48 approved in 2024, setting a new historical record [2]. - The China National Space Administration reported that in 2025, China will achieve multiple breakthroughs in manned spaceflight, deep space exploration, and commercial space sectors, with a total of 92 launches planned, setting a new historical high [2]. - As of January 3, 2026, the box office for the New Year holiday period has surpassed 700 million yuan, with films like "Zootopia 2," "Avatar 3," and "Killing the Hidden" leading the box office rankings [2]. Fund Flows - As of December 31, 2025, the scale of public funds entering the market after the New Year is over 43 billion yuan. This includes 16 ETFs set to be listed with a total scale of nearly 5 billion yuan and over 60 actively managed equity funds established after November 2025, with a total scale of approximately 38 billion yuan [4].