【导读】商业航天板块持续活跃，神剑股份（002361）8连板；锂电股集体下挫；*ST长药（300391）20cm跌停 大家好！又到周一，来一起关注最新的市场行情和资讯~ 12月29日，A股三大指数开盘涨跌不一，上证指数高开0.02%，深证成指平开，创业板指跌0.19%。开盘后，市场持续分化。截至发稿，上证指数涨 0.19%，创业板指跌0.83%。 | 3971.22 | -- 13547.23 | 3216.87 | | --- | --- | --- | | 上证指数 +0.19% | 深证成指 -0.42% | 创业板指 -0.83% | 热门板块中，上午商业航天板块持续火热，神剑股份走出8连板；化学纤维、稀土、GPU等方向活跃；锂电、动力电池、玻璃纤维、SPD等概念股回调。 商业航天板块持续活跃 神剑股份8连板 华西证券（002926）研报认为，这一举措落地标志着科创板"1+6"改革持续深化，为处于大规模商业化关键期的商业航天企业提供了更便捷的直接融资渠 道，将加速资本与产业的深度融合。 欣旺达盘初跌近16% 12月29日上午，欣旺达（300207）低开低走，盘初一度跌近16%，最低价报25元/股。 消 ...

科创板"1+6"改革举措又一项成果落地。12月26日，上海证券交易所发布《上海证券交易所发行上市审 核规则适用指引第9号——商业火箭企业适用科创板第五套上市标准》(以下简称《指引》)，支持正处 于大规模商业化关键时期的商业火箭企业，适用第五套上市标准登陆科创板。 上交所表示，下一步，将以《指引》发布为契机，在中国证监会的指导下，着力推进符合《指引》标准 的商业火箭企业在科创板发行上市，以更大力度支持突破关键核心技术的科技型企业发展，持续提升制 度包容性、适应性和吸引力、竞争力，更好服务科技创新和新质生产力发展。 支持商业航天全产业链发展 《指引》共14条，主要包括四个方面。一是细化明显技术优势要求。明确主营业务为"商业火箭自主研 发、制造及航天发射服务"，更加看重发行人的"硬科技"属性。要求企业需在拥有关键核心技术基础上 具备明显技术优势或重大突破，关注核心技术产品以及关键部件的自主研发情况，以及运载能力及一箭 多星能力等关键指标。对于承担国家任务、参与国家工程项目的商业火箭企业予以优先支持。 二是明确阶段性成果内容。要求企业"在申报时至少实现采用可重复使用技术的中大型运载火箭发射载 荷首次成功入轨的阶段性成 ...

来源：@智通财经APP微博 智通财经12月26日讯（记者 张校毓）近日，上交所发布《上海证券交易所发行上市审核规则适用指引 第9号——商业火箭企业适用科创板第五套上市标准》（以下简称《指引》），支持正处于大规模商业 化关键时期的商业火箭企业，适用第五套上市标准登陆科创板，科创板"1+6"改革举措又一项成果落 地。 近年来，商业航天作为大国科技竞争与产业布局的战略制高点，其重要性已超越单一产业范畴，成为关 乎国家综合国力重大战略。目前，中国商业火箭企业超过20家，多数已实现固体火箭或小型液体火箭的 成功入轨。从上游硬件层到中游支撑层再到下游应用及服务层，商业航天全产业链企业正在加速登陆资 本市场。 来源：@智通财经APP微博 智通财经12月26日讯（记者 张校毓）近日，上交所发布《上海证券交易所发行上市审核规则适用指引 第9号——商业火箭企业适用科创板第五套上市标准》（以下简称《指引》），支持正处于大规模商业 化关键时期的商业火箭企业，适用第五套上市标准登陆科创板，科创板"1+6"改革举措又一项成果落 地。 近年来，商业航天作为大国科技竞争与产业布局的战略制高点，其重要性已超越单一产业范畴，成为关 乎国家综合国 ...

12月23日至24日，2025成都市"蓉易上"走进上交所暨科创板政策主题培训活动在上海举行。一批来自成都的拟上市企业深度参与上交所现场交流，了解科 创板最新政策与IPO审核动态，并参访了科创板上市企业云从科技。 此次活动是成都市"蓉易上"综合服务平台推出的"走进交易所"系列活动之一，本次活动由四川证监局、成都市委金融办与上海证券交易所联合主办。低空 经济、集成电路、生物医药、人工智能、新消费等多个战略性新兴产业领域的多家成都拟上市企业参加了本次活动。 走进上交所座谈交流 12月23日上午，企业代表团走进上海证券交易所，与交易所相关负责人及业务专家进行了座谈。上海证券交易所、四川证监局、成都市委金融办相关同志 出席活动并致辞。 在云从科技，企业代表们了解了其核心技术体系与产品平台。云从科技构建了自主可控、技术领先的"CWOS（云从人机协同操作系统）"技术架构，旨在 打造贯通感知、认知、决策的人机协同核心平台。公司自主研发的"从容"大模型系列在跨模态理解、逻辑推理及行业知识融合方面表现卓越，为上层应用 提供通用人工智能（AGI）能力基座。在市场应用方面，云从科技的业务已深入智慧金融、智慧治理、智慧出行等领域。 1 ...

Group 1: Policy and Industry Dynamics - The China Securities Regulatory Commission (CSRC) emphasized the need to accelerate the implementation of the "1+6" reform measures for the Sci-Tech Innovation Board (STAR Market) to enhance market vitality and improve the inclusiveness and attractiveness of the capital market [1][2] - The CSRC aims to optimize the financing environment in alignment with national strategic planning, particularly in technology innovation and industrial upgrading, while also linking reforms with the ChiNext board [2][16] - The STAR Market has seen a total of 210 new IPO applications this year, with 2 new applications in the past week, indicating sustained market activity [1][15] Group 2: Market Performance and Trends - The STAR Market experienced a pullback last week, with declines in sectors such as chips, information technology, biomedicine, and new materials [3][17] - Major indices on the STAR Market have shown year-to-date returns, with the STAR 50 index at 35.02%, while the weekly return was -2.99% [4][17] - The top five industries on the STAR Market, including electronics and biomedicine, account for 88.7% of the total market capitalization [4][17] Group 3: Sector Insights - The new generation information technology sector, particularly the chip industry, is experiencing growth, with significant increases in the manufacturing value of electronic materials and integrated circuits [5][18] - The high-end equipment manufacturing sector is crucial for enhancing the overall competitiveness of China's manufacturing industry, with high-tech manufacturing value increasing by 8.4% in November [6][19] - The biopharmaceutical sector faced a downturn last week, primarily due to weak liquidity in the Hong Kong market and capital outflows, but is expected to stabilize with positive trends in CDMO orders and domestic CRO performance [21][21]

Group 1 - The article emphasizes the importance of expanding domestic demand as a strategic initiative, advocating for a long-term mechanism to enhance consumer spending and confidence [1] - The China Securities Regulatory Commission (CSRC) is set to implement reforms to the ChiNext board and accelerate the rollout of the "1+6" reform measures for the Sci-Tech Innovation Board, aiming to enhance market stability and promote equity public funds [2] - The State Grid Corporation of China is focusing on building a new power system and energy framework to achieve carbon peak goals [3] Group 2 - The Ministry of Commerce and five other departments have issued an action plan to promote high-quality development in the service outsourcing sector, targeting the cultivation of internationally competitive leading enterprises by 2030 [4] - The State Administration of Foreign Exchange is emphasizing macro-prudential management of the foreign exchange market to maintain the stability of the RMB exchange rate and ensure a balanced international payment [5] - The first batch of L3 autonomous driving vehicles has received approval for road testing in designated areas of Beijing and Chongqing [6] Group 3 - There is a collective price increase trend among manufacturers of lithium iron phosphate cathode materials, expected to continue until the fourth quarter of next year [7] - The Henan Province Postal Regulations will take effect on March 1, 2026, imposing fines for unauthorized actions by express delivery companies [8] - Several companies, including Aerospace Electronics and TCL Technology, have announced significant capital investments and acquisitions, indicating active market movements [9] Group 4 - Nasdaq plans to submit a proposal to the SEC to extend trading hours for stocks and exchange-traded products from 16 to 23 hours per week [15] - STMicroelectronics has delivered over 5 billion RF antenna chips to SpaceX for its Starlink satellite network, with expectations to double deliveries by 2027 [17] - U.S. stock indices experienced collective declines, with the Dow Jones down 0.09%, Nasdaq down 0.59%, and S&P 500 down 0.16% [18]

Group 1 - China's first batch of L3-level autonomous driving vehicles has received approval for market access [1] - The China Securities Regulatory Commission (CSRC) has initiated the implementation of reforms to accelerate the landing of the "1+6" reform measures for the Sci-Tech Innovation Board [1] - Six departments have deployed actions to promote high-quality development in the service outsourcing sector [1] Group 2 - The State Administration of Foreign Exchange (SAFE) aims to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level [1] - The Hong Kong Stock Exchange (HKEX) is set to soon launch a consultation on the reform of the minimum trading unit for securities [1] - Muxi Co., Ltd. will have its stock listed on the Sci-Tech Innovation Board on December 17 [1] Group 3 - The three major U.S. stock indices collectively declined, with the Nasdaq falling by 0.59% [1]

三是坚持改革攻坚，不断提高资本市场制度包容性吸引力。启动实施深化创业板改革，加快科创 板"1+6"改革举措落地。推动私募基金行业高质量发展，尽快落地商业不动产REITs试点，研究推出新的 重点期货品种。坚持扶优限劣，加快打造一流投资银行和投资机构。稳步扩大制度型开放，优化合格境 外投资者制度和互联互通机制，提高境外上市备案质效。 四是坚持严监严管，切实提升监管执法效能。强化科技赋能监管，继续重拳惩治财务造假、内幕交易、 市场操纵、挪用侵占私募基金财产等证券期货违法违规行为。推动出台上市公司监管条例，积极配合修 订证券公司、证券投资基金等重点领域法律法规。 五是坚持全面从严，纵深推进证监会系统党风廉政建设。坚决维护党中央集中统一领导，进一步落实党 对资本市场的全面领导，扎实推进中央巡视整改和作风建设常态化长效化。全力支持配合驻证监会纪检 监察组加大案件查办力度，强化重点领域公权力监督制约。坚持严管厚爱结合、激励约束并重，加快打 造"三个过硬"的监管铁军。 （文章来源：证券时报） 近日，中国证监会党委书记、主席吴清主持召开党委（扩大）会议，传达学习中央经济工作会议精神， 结合全国金融系统工作会议要求，研究部署证监 ...

Group 1: Autonomous Driving - China's first batch of L3 conditional autonomous driving vehicles has received approval for road testing in designated areas of Beijing and Chongqing, marking a significant step towards commercialization [1] - The two approved models include an electric sedan capable of 50 km/h in congested traffic and another capable of 80 km/h on highways and urban expressways, both limited to specific routes [1] Group 2: Financial Sector Reforms - The China Securities Regulatory Commission (CSRC) has initiated reforms to enhance the inclusivity and attractiveness of the capital market, focusing on the implementation of the "1+6" reform measures for the Sci-Tech Innovation Board [3][10] - The CSRC aims to promote high-quality development in the private equity fund sector and expedite the pilot program for commercial real estate REITs [10] - A new round of corporate governance initiatives will be launched to encourage quality companies to increase dividend payouts and share buybacks [11] Group 3: Company Financials - Cambrian Technology plans to use approximately 2.78 billion yuan from its capital reserve to offset accumulated losses, with the aim of bringing its negative retained earnings to zero by the end of 2024 [8] - TCL Technology intends to acquire a 10.7656% stake in Shenzhen Huaxing Semiconductor for 6.045 billion yuan, increasing its ownership from 84.21% to 94.98%, to enhance its competitiveness in the semiconductor display industry [12] Group 4: Currency and Real Estate Market - The onshore and offshore RMB against the USD reached a 14-month high, with the onshore rate peaking at 7.0500 and the offshore rate at 7.046, indicating a favorable external environment for the RMB [13] - In November 2025, the sales prices of commercial residential properties in 70 major cities in China showed a month-on-month decline, with first-tier cities experiencing a 0.4% decrease in new residential prices [14]

证监会12月15日消息，近日，中国证监会党委书记、主席吴清主持召开党委(扩大)会议，传达学习中央 经济工作会议精神，结合全国金融系统工作会议要求，研究部署证监会系统贯彻落实举措。 会议强调，坚持改革攻坚，不断提高资本市场制度包容性吸引力。启动实施深化创业板改革，加快科创 板"1+6"改革举措落地。推动私募基金行业高质量发展，尽快落地商业不动产REITs试点，研究推出新的 重点期货品种。坚持扶优限劣，加快打造一流投资银行和投资机构。稳步扩大制度型开放，优化合格境 外投资者制度和互联互通机制，提高境外上市备案质效。 ...