我国首个海上液体火箭发射回收试验平台将投用丨盘前情报

Market Overview - On January 21, the A-share market experienced a rise followed by a pullback, with the Shanghai Composite Index closing up 0.08% at 4116.94 points, the Shenzhen Component Index up 0.7% at 14255.13 points, and the ChiNext Index up 0.54% at 3295.52 points. The total trading volume in the Shanghai and Shenzhen markets was 2.6 trillion yuan, a decrease of 177.1 billion yuan from the previous trading day [1][2]. Sector Performance - The precious metals sector led the market, while the chip industry chain saw significant growth. The lithium mining concept experienced a volatile rebound, and the oil and gas sector was active. Conversely, the consumer sector weakened, with the liquor segment leading the decline, and the banking sector also faced a downturn [1]. International Market - On January 21, U.S. stock indices rose, with the Dow Jones Industrial Average increasing by 588.64 points (1.21%) to close at 49077.23 points, the S&P 500 up 78.76 points (1.16%) at 6875.62 points, and the Nasdaq Composite up 270.50 points (1.18%) at 23224.82 points. In Europe, the FTSE 100 rose by 11.31 points (0.11%) to 10138.09 points, while the DAX index fell by 142.14 points (0.58%) to 24560.98 points [3][4]. Tax Policy for CDR - The Ministry of Finance and other departments announced that from January 1, 2026, to December 31, 2027, individual investors will be exempt from personal income tax on capital gains from the transfer of innovative enterprise CDRs. This policy also applies to corporate investors and qualified foreign institutional investors [5]. Payment System Development - The People's Bank of China emphasized the need to accelerate the construction of a cross-border payment system and enhance interconnectivity in cross-border payments. The focus will be on high-quality development of the modern payment system and improving payment services [6]. Real Estate Policy - The Ministry of Housing and Urban-Rural Development is working on establishing a new model for real estate development, focusing on a stable transition from old to new models. Key areas include developing financing and sales systems, ensuring project fund management, and promoting the sale of existing homes to mitigate delivery risks [7]. Film Industry Growth - The National Film Administration reported that the film industry's total output value reached 817.26 billion yuan in 2025, with a box office multiplier of approximately 1:15.77, ranking among the top globally. The growth is attributed to successful domestic animations and stable cinema construction [11]. Autonomous Driving Initiatives - Guangdong Province is promoting the application of autonomous driving technologies, encouraging enterprises to innovate in remote driving and smart decision-making. The initiative aims to expand testing areas for high-level autonomous driving and support the integration of various technologies [12]. Commercial Aerospace Development - China's first offshore liquid rocket launch recovery test platform is under construction in Yantai, Shandong. This platform will facilitate the launch and recovery of liquid rockets, marking a significant step in the commercial aerospace sector [14]. 5G and 6G Development - As of January 21, China has over 1.2 billion 5G users and has initiated the second phase of 6G technology trials. The country has built the largest and most advanced information infrastructure globally, with 483.8 million 5G base stations [16]. Investment Opportunities - Analysts suggest focusing on high-quality developers, commercial real estate operations, and real estate brokerage platforms as potential investment opportunities in the current market environment [8].