陆家嘴财经早餐2026年1月10日星期六

Market Performance - The A-share market saw significant gains, with the Shanghai Composite Index achieving a 16-day winning streak, closing at 4120.43 points, a 0.92% increase, marking a new high in over 10 years [3] - The market turnover exceeded 3.1 trillion yuan, making it the sixth instance in A-share history where turnover surpassed 3 trillion yuan [3] - The performance of sectors included a surge in AI applications related to film, short dramas, and gaming, while the photovoltaic industry chain showed weakness [3] Regulatory Developments - The State Council's Anti-Monopoly and Anti-Unfair Competition Committee is investigating the competitive landscape of the food delivery platform service industry, with major players like Meituan and JD Express agreeing to cooperate [3] - The Ministry of Finance and the State Taxation Administration announced the cancellation of VAT export rebates for photovoltaic products starting April 1, which is expected to lead to a short-term increase in exports but a long-term decline of 5% to 10% [9] Economic Indicators - In December 2025, China's CPI rose by 0.8%, the highest increase since March 2023, while the core CPI increased by 1.2% [4] - The PPI decreased by 1.9% year-on-year, but the decline was narrower than the previous month [4] - The employment data from the U.S. showed a lower-than-expected increase in non-farm payrolls, leading to a diminished expectation for a Fed rate cut in January [3] Industry Initiatives - The State Council announced a comprehensive policy package to promote domestic demand, including loan interest subsidies for service industry operators and small and micro enterprises [4] - Shanghai has launched a three-year action plan to support the transformation and upgrading of advanced manufacturing, aiming to add 100 manufacturing enterprises with an annual output value exceeding 1 billion yuan by 2028 [5] Stock Market Movements - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index rising by 0.32% [6] - The China Securities Regulatory Commission introduced a reward system for whistleblowers reporting serious violations in the securities and futures markets [6] - The first batch of fund quarterly reports indicated a strong performance in equity funds, particularly in sectors like computing power and semiconductors [7] Corporate Announcements - Notable corporate announcements included North Rare Earth reporting a 2.4% increase in rare earth concentrate prices, and China First Heavy Industries clarifying its limited involvement in controlled nuclear fusion [8] - The first performance disclosure from the trust industry showed a slight increase in revenue for Shaanxi Guotou, with a 0.03% year-on-year growth [7]