财达证券每日市场观-20260106

Market Performance - On January 6, 2026, the A-share market saw all three major indices rise, with the Shanghai Composite Index closing above 4000 points, marking a significant increase of 1.38%[3] - The ChiNext Index led the gains with a rise of 2.85%, while the Shenzhen Component Index increased by 2.24%[3] - The trading volume in the Shanghai and Shenzhen markets exceeded 2.5 trillion yuan, indicating a notable increase in market activity compared to the previous trading day[1] Sector Performance - The insurance sector led the market gains, followed by industries such as brain engineering, medical services, AI pharmaceuticals, and semiconductor sectors[1] - Over 70% of stocks in the two markets experienced price increases, reflecting a strong bullish sentiment among investors[1] Capital Flow - On January 6, net inflows into the Shanghai Stock Exchange amounted to 43.435 billion yuan, while the Shenzhen Stock Exchange saw net inflows of 53.669 billion yuan[4] - The top three sectors receiving capital inflows were semiconductors, batteries, and general equipment, while aerospace equipment, state-owned banks, and shipping ports saw the largest outflows[4] Government Initiatives - The National Taxation Administration updated 90 cross-border investment tax guidelines, covering 85 countries, to assist enterprises in understanding tax regulations abroad[5] - The issuance of local government bonds for 2026 has commenced, with Shandong Province issuing 72.381 billion yuan, and the total issuance expected to exceed 2 trillion yuan in the first quarter[6][7] Industry Developments - Since the release of the "Eight Measures," 49 mergers and acquisitions have been initiated by semiconductor companies on the Sci-Tech Innovation Board, with 25 completed and 14 in process[10] - WeChat announced an AI application growth plan for 2026, providing comprehensive support for AI applications and tools[11]