国新证券每日晨报-20251229

Domestic Market Overview - The domestic market experienced a slight increase with the Shanghai Composite Index closing at 3963.68 points, up 0.1%, and the Shenzhen Component Index at 13603.89 points, up 0.54% [1][4][9] - Among the 30 sectors, 19 saw gains, with non-ferrous metals, consumer services, and steel showing significant increases, while electronics, communications, and retail sectors faced declines [1][4][9] - The total trading volume for the A-share market reached 21,811 billion yuan, reflecting an increase from the previous day [1][4][9] Overseas Market Overview - The US stock market saw a slight decline, with the Dow Jones down 0.04%, S&P 500 down 0.03%, and Nasdaq down 0.09% [2][4] - Notable declines included McDonald's and Disney, both dropping nearly 1%, while Tesla fell over 2% [2][4] - Chinese concept stocks mostly rose, with Xpeng Motors increasing over 6% and Dingdong Maicai rising more than 5% [2][4] Key News Highlights - The National Fiscal Work Conference was held in Beijing, emphasizing the continuation of a proactive fiscal policy in 2026 [3][10][12] - From January to November, the total profit of industrial enterprises above designated size reached 66,268.6 billion yuan, a year-on-year increase of 0.1% [3][13] - The National Venture Capital Guidance Fund was launched, with a total investment of 100 billion yuan aimed at leveraging over a trillion yuan in social capital [3][15] - The Shanghai Stock Exchange issued guidelines to support quality commercial rocket companies in listing on the Sci-Tech Innovation Board [3][16][17]