Core Viewpoint - In 2025, the Chinese stock market showed remarkable performance, with the Shanghai Composite Index increasing by 18.4% year-on-year, reaching 3968.84 points by December 31, 2025 [1] Group 1: Performance of Xiamen Listed Companies - In 2025, 70 listed companies in Xiamen performed well, with 42 companies outperforming the market [1] - 15 listed companies in Xiamen reached historical highs in stock prices, reflecting strong operational fundamentals and growth potential [2] - The total market capitalization of the 70 listed companies in Xiamen was 9030.35 billion, a 44.1% increase compared to the previous year [2] - 30 companies had a market capitalization exceeding 100 billion, accounting for over 40% of the total, with Xiamen Tungsten leading at 651.86 billion [2] - 56 companies saw an increase in market capitalization, with 13 companies experiencing growth exceeding 100% [2] Group 2: New Listings and Recognition - In 2025, Xiamen added 6 new listed companies, the highest in nearly four years, including 2 A-share companies [5] - Among the 70 listed companies, 26 were recognized as national "specialized and innovative" small giant enterprises, and over 80% were high-tech enterprises [6] - Several Xiamen listed companies received honors, including Xiamen Tungsten and Jibite, recognized for best practices in corporate governance [7][9] - The number of listed companies in Xiamen has surpassed 100, with 70 being domestic listed companies, representing about 40% of the provincial total [10]

Core Viewpoint - The market sentiment is bullish, driven by expectations of profit growth, lower interest rates, and advancements in AI technology [1] Group 1: Market Sentiment - Investors are optimistic about profit growth, indicating a positive outlook for corporate earnings [1] - Lower interest rates are anticipated, which could enhance borrowing and spending [1] - The influence of AI is seen as a significant factor propelling the market upward [1]

Group 1 - Chinese stocks have experienced significant growth over the past year, largely driven by a massive stimulus announcement from the politburo and monetary policy authorities [1] - The stimulus injection has led to a notable increase in share prices, marking a pivotal moment for the market [1] Group 2 - The article emphasizes the importance of analyzing macro drivers of various asset classes, including stocks, bonds, commodities, currencies, and cryptocurrencies [1] - It highlights the role of empirical data in creating evidence-based narratives to support investment decisions [1]