Zhi Tong Cai Jing·2026-01-22 12:35Market Overview - The Greenland incident has concluded, leading to a rebound in the US stock market, with the S&P 500 index experiencing a notable recovery [1] - Trump announced a framework for future agreements regarding Greenland and the Arctic during his speech at the World Economic Forum, which alleviated market concerns [1] - The North Atlantic Treaty Organization (NATO) discussed a compromise where Denmark would transfer small parcels of land in Greenland to the US for military base construction [1] Commercial Aerospace - SpaceX, led by Elon Musk, is actively pursuing an IPO plan aimed for completion by July this year [3] - Blue Origin, owned by Jeff Bezos, announced the launch of TeraWave, a satellite internet service, with plans to deploy over 5,000 satellites by the end of 2027 [3] - Companies like Junda Co. are focusing on space photovoltaic battery products and commercial aerospace investments, leading to significant stock price increases [3] Automotive Industry - The German government is set to restart its electric vehicle subsidy policy, with plans to allocate €3 billion by 2029 to support low-income families in purchasing zero-emission vehicles [4] - Companies like Minth Group are positioned as key suppliers for European electric vehicle platforms and are expanding their operations in robotics and semiconductor supply chains [4] Real Estate and Construction - Hong Kong's real estate market is showing signs of recovery, with a revised forecast predicting an 8% increase in residential property prices by 2026 [6] - The Ministry of Housing and Urban-Rural Development in China has released guidelines to enhance housing quality, promoting the use of green building materials [6] Semiconductor Industry - Semiconductor companies like SMIC are benefiting from the domestic demand surge, with a reported revenue of ¥49.51 billion for the first three quarters of 2025, reflecting an 18.22% year-on-year increase [9] - The company has achieved a net profit of ¥3.818 billion, a 41.09% increase year-on-year, driven by rising demand for AI computing and domestic substitution [9][12] - SMIC's production capacity utilization rate reached 95.8%, with a significant increase in average selling prices due to a shift in product mix [10][11]