Company Developments - DiAo Microelectronics has decided to terminate the issuance of shares and cash payment for the acquisition of 100% equity in Rongpai Semiconductor (Shanghai) Co., Ltd. and the related fundraising activities [5] - Guanghetong anticipates that the price increase of storage chips will impact its gross profit margin. The company has increased its inventory of storage chips and will continue to monitor market dynamics to make adjustments based on the actual situation of different products [5] - On December 6, New Oriental Group's chairman Yu Minhong addressed concerns regarding the well-being of employees who had publicly expressed issues, assuring that they are all working normally and that any legitimate problems will be promptly addressed [6] - On December 6, XianDao Intelligent issued a statement denying the occurrence of a reported incident involving a "solar equipment engineer facing serious personal harm in India," confirming that all overseas projects are operating normally and all dispatched employees are safe [6] - The China Securities Regulatory Commission disclosed that Guangdong Dongdao New Energy Co., Ltd. has initiated listing guidance, with CITIC Securities as the advisory institution. The report indicates that the controlling shareholder, Wu Qixiu, holds a direct shareholding of 23.09% [6] Industry Insights - The chairman of Guotai Junan Securities, Zhu Jian, has been appointed as the new president of the China Securities Association, focusing on enhancing the capital market's quality and the effective functioning of the securities industry [3] - The "Performance Assessment Management Guidelines for Fund Management Companies (Draft for Comments)" have been issued to further standardize performance assessment and compensation management in the fund industry, promoting stable operations and sustainable development [3] - The reform of abolishing the supervisory board among securities firms is nearing completion, with all 42 listed securities firms having undergone this reform, transferring core responsibilities to the audit committee of the board [3] - According to a report by CITIC Securities, since mid-November, an inventory turning point has been observed, coupled with expectations of interest rate cuts and domestic production reductions, leading to a potential acceleration of LME copper prices towards $12,000 per ton [3] - The stock private equity position index reached 82.97% as of November 21, 2025, marking a significant increase of 1.84% from the previous week and setting a new high for the year, maintaining above 80% for four consecutive weeks [4]