陆家嘴财经早餐2025年12月21日星期日

Regulatory Changes - The internet platform pricing is facing strong regulation with the issuance of the "Internet Platform Pricing Behavior Rules" by the National Development and Reform Commission, the State Administration for Market Regulation, and the National Internet Information Office, effective from April 10, 2026. The rules prohibit unreasonable restrictions on pricing behavior by platform operators and mandate that they cannot sell goods or services below cost [1] Technology Developments - Moore Threads held the first "MUSA Developer Conference" in Beijing, launching the new GPU architecture "Huagang" and two chips "Huashan" and "Lushan" based on this architecture. The new architecture boasts a 50% increase in computing density and a 10-fold improvement in energy efficiency, supporting large-scale intelligent computing clusters [1] - The global first commercial supercritical carbon dioxide power generation unit has successfully commenced operation in Guizhou, enhancing power generation efficiency by over 85% and net power output by over 50% [9] Financial Market Insights - The A-share IPO market is expected to see 114 companies listed in 2025, raising a total of 129.6 billion yuan, a 94% year-on-year increase, with an average first-day closing increase of 257% [5] - The ETF market is experiencing significant activity, with the A500 ETF reaching a scale of 245.935 billion yuan and accounting for nearly 70% of the net inflow into stock ETFs [5] Agricultural and Industrial Developments - The Ministry of Agriculture and Rural Affairs has registered 1,048 new varieties of specialty crops, with 98.5% being domestically bred [6] - The Inner Mongolia Silicon Source New Energy Electronic Materials Technology Co., Ltd. has officially put into production a project for the annual output of 20,000 tons of silicon-carbon anode materials, achieving a global first in the large-scale preparation of CVD silicon-carbon anode materials [9] International Relations and Economic Policies - The U.S. government has reached agreements with nine pharmaceutical companies to lower drug prices for federal programs, aiming to align U.S. drug prices with those in other wealthy countries [14] - The Reserve Bank of India has approved a proposal to shift to a risk-based pricing system for deposit insurance, marking a significant change in the current uniform premium model [15]