恒指升219點，滬指跌1點，標普500跌9點

Market Performance - The Hang Seng Index (HSI) rose by 219 points or 0.9%, closing at 25,854 points[1] - The National Index increased by 99 points or 1.1%, closing at 8,991 points[1] - The Hang Seng Tech Index gained 95 points or 1.7%, closing at 5,578 points[1] - Total market turnover was HKD 199.769 billion[1] Currency and Monetary Policy - The RMB/USD central parity rate was adjusted down by 17 points to 7.0348[1] - The People's Bank of China conducted a 312.5 billion RMB reverse repo operation at a rate of 1.4%[1] - A net injection of 253.2 billion RMB was recorded after 59.3 billion RMB reverse repos matured[1] U.S. Market Trends - The S&P 500 index fell by 9 points to 6,896 points, marking its third consecutive day of decline[2] - The Nasdaq dropped by 55 points or 0.2% to 23,419 points[2] - The Dow Jones Industrial Average decreased by 94 points or 0.2%, closing at 48,367 points[2] Real Estate and Automotive Policies - New VAT policy for personal housing sales effective January 1: 3% for properties held less than two years, exempt for those held for two years or more[2] - New vehicle trade-in subsidy details for 2026 announced, offering up to 15,000 RMB for electric vehicles and 13,000 RMB for fuel-efficient vehicles[3] Corporate Earnings - Zijin Mining Group expects a net profit of USD 1.5-1.6 billion for 2025, a growth of 212%-233% year-on-year due to increased gold production and sales[3] - Zijin Mining also forecasts a net profit of 510-520 billion RMB for 2025, a growth of 59%-62% year-on-year[4] - Ping An Life increased its stake in China Merchants Bank to over 19% of H shares[4]