2025-12-08 03:00Market Performance - The Hang Seng Index (HSI) rose by 149 points or 0.6%, closing at 26,085 points after initially dropping to 25,758 points[1] - The Shanghai Composite Index increased by 27 points or 0.7%, closing at 3,902 points, with a total trading volume of 7,167 billion yuan[2] - The total market turnover for the day was 2,104.73 billion yuan[1] Currency and Monetary Policy - The RMB/USD central parity rate was adjusted down by 16 points to 7.0749[2] - The People's Bank of China conducted a 1,398 billion yuan reverse repurchase operation at a rate of 1.4%[2] - A total of 3,013 billion yuan in reverse repos matured, resulting in a net withdrawal of 1,615 billion yuan for the day[2] Economic Indicators - As of the end of November, China's foreign exchange reserves stood at 3,346.4 billion USD, an increase of 3 billion USD or 0.09% from the end of October[3] - The increase in foreign exchange reserves was supported by stable economic conditions and macroeconomic factors[4] Corporate Developments - Baidu Group announced plans to evaluate the spin-off and independent listing of its subsidiary Kunlun Chip[4]