Friday, January 9, the main highlights from today's major financial newspapers are as follows:
China Securities Journal A major announcement from Guangzhou! Aiming to become a new hub for commercial aerospace. According to a January 8 announcement on the Guangzhou Municipal Government website, the "Guangzhou Plan for Accelerating the Construction of a Strong Advanced Manufacturing City (2024-2035)" has been issued. The plan outlines that Guangzhou will focus on the goal of "doubling its industrial added value by 2035," accelerate the promotion of new industrialization, cultivate and strengthen 15 strategic industrial clusters, vigorously develop six emerging pillar industries including intelligent connected new energy vehicles, ultra-high-definition video and new displays, biomedicine and health, green petrochemicals and new materials, software and internet, and intelligent equipment and robotics. It will also accelerate the cultivation of five strategic pioneering industries: artificial intelligence, semiconductors and integrated circuits, new energy and new energy storage, low-altitude economy and aerospace, and bio-manufacturing. Furthermore, the plan aims to expand and strengthen four distinctive and advantageous industries: fashion consumer goods, rail transit, ships and marine engineering, and intelligent construction and industrialized building.
Top performer Luxin Venture Capital, with 8 limit-ups in 10 days, states its stake in LandSpace is less than 1%. Luxin Venture Capital announced on the evening of January 8 that its stock price had surged 86.94% over the past 10 trading days, warning of significant risk of a subsequent decline following the sharp short-term increase. The announcement clarified that, as of now, the company's three participating equity investment funds collectively hold only a 0.89% stake in LandSpace Space Technology Co., Ltd. After equity attribution, the impact on the company's financial condition and operating results is minimal.
Major asset restructuring! Trading will not be halted. Northern Changlong announced on the evening of January 8 its intention to acquire a 51% stake in Shenyang Shunyi Technology Co., Ltd. through a cash payment. If the transaction is successfully completed, Shunyi Technology will become a controlling subsidiary of the company. This transaction is expected to constitute a major asset restructuring, but the company's stock trading will not be suspended.
Vanke announces Yu Liang's retirement. On the evening of January 8, Vanke A announced that Yu Liang has submitted a written resignation report to the board of directors, resigning from his positions as Director and Executive Vice President of the company due to reaching retirement age. Following his resignation from these positions, Yu Liang will no longer hold any role within the company.
Shanghai Securities News The "first shot" of central enterprise restructuring in 2026 is fired: Sinopec Group and China National Aviation Fuel Group implement a merger. According to a January 8 announcement on the official website of the State-owned Assets Supervision and Administration Commission (SASAC), approved by the State Council, China Petrochemical Corporation (Sinopec Group) and China National Aviation Fuel Group Corporation (CNAF Group) are to be restructured. From a supply chain perspective, the merger will create an "internal closed loop" by combining Sinopec Group's refining and chemical production capacity with CNAF Group's distribution network. This "combination of strengths" is expected to help reduce aviation fuel supply costs, enhance the competitiveness of China's aviation fuel industry, and promote the green and low-carbon transformation of the aviation sector.
Between consensus and divergence: How to find a new pivot for technology investment in 2026? Throughout the past year of 2025, bolstered by strong domestic policy support for technological innovation and industrial upgrading, coupled with expectations for a marginal improvement in the global liquidity environment, market risk appetite significantly increased. Technology stocks, led by artificial intelligence, experienced a robust rally. Looking ahead to 2026, what opportunities and challenges will the technology sector face? Has the development stage and investment focus of the AI industry quietly evolved? Beyond the main theme of AI, which other technology sub-sectors are poised to reach an industrial inflection point?
MiniMax lists on the Hong Kong Stock Exchange today, backed by long-term funds and tech giants. After just four years in operation, this AI company is entering the capital markets. A January 8 announcement from MiniMax showed that the company will issue shares at the upper price limit of HK$165 per share and list on the Hong Kong Stock Exchange on January 9. In pre-listing grey market trading, MiniMax's shares surged over 32% at one point during the session.
Southbound enthusiasm runs high: Over 10 A-share companies rush for H-share listings in the first week of the new year. At the start of 2026, the trend of A-share companies heading "south" to list in Hong Kong continues to gain momentum, with multiple companies making a push for H-share listings. Preliminary research by the Shanghai Securities News indicates that between January 1 and January 8, 2026, six A-share companies—including JCET Group, Great Power, Chint Electric, Desay SV, Xingye Silver & Tin, and Huasheng Lithium—have announced plans for H-share listings. Four other A-share companies—Kinwong Electronic, InventisBio, EVE Energy, and Inmyshow—have already submitted listing applications to the Hong Kong Stock Exchange. Furthermore, Lead Intelligent Equipment has obtained filing approval from the China Securities Regulatory Commission for its application to issue H-shares and list on the main board of the Hong Kong Stock Exchange.
Securities Times Guangzhou releases plan to accelerate building a strong advanced manufacturing city. On January 8, it was learned from the Guangzhou Municipal People's Government website that the General Office of the Guangzhou Municipal People's Government has issued the "Guangzhou Plan for Accelerating the Construction of a Strong Advanced Manufacturing City (2024-2035)". The plan proposes that by 2030, Guangzhou's construction as a strong advanced manufacturing city will reach a significant new level, with substantial progress in building a modern industrial system and a marked improvement in the overall efficiency of the industrial system, forming a new pattern characterized by trillion-yuan leadership, hundred-billion-yuan support, and ten-billion-yuan leaps. The industrial structure will be continuously optimized, quality and efficiency will see substantial leaps, and the levels of digitalization, intelligence, and green development will be significantly enhanced. Guangzhou aims to lead global industrial development in key sectors, move up to the mid-to-high end of the global value chain, build several world-class advanced manufacturing clusters, and ultimately establish itself as a strong advanced manufacturing city.
On-the-ground visit to the frenzy and anxiety in Shenzhen's Huaqiangbei memory market: Memory prices hit record highs, leaving merchants with mixed feelings. "I've been selling memory modules for over a decade and have never seen a market like this; it feels like the property speculation frenzy of years past. A memory module that cost 1,000 yuan in the first half of last year is now being speculated to over 5,000 yuan, and the price is still rising recently," a shop owner in Shenzhen's Huaqiang Electronic World told a Securities Times reporter. Since the second half of 2025, the memory market has entered a new cycle of a "super bull market," with prices for various types of memory modules generally increasing more than twofold, now surpassing the previous historical peak set in 2018.
Capital frenzy positions for commercial aerospace: "Must not miss the 2026 hotspot." Vast investment opportunities exist across the industry chain; a battle for "space computing power" is imminent. As the year turns, commercial aerospace, with strong momentum, is creating new waves in both primary and secondary markets. Recently, five companies dubbed the "Chinese versions of SpaceX"—LandSpace, Space Tianbing, Galactic Energy, i-Space, and Zhongke Aerospace—are collectively vying to become the "first stock of commercial rockets," with their valuations already reaching the tens of billions of yuan level.
Building a world-class aviation energy supplier: Sinopec and CNAF implement restructuring. On January 8, approved by the State Council, China Petrochemical Corporation and China National Aviation Fuel Group Corporation implemented a restructuring. Industry insiders told the Securities Times that this "combination of strengths" between Sinopec and CNAF is conducive to enhancing the security and capability of the national aviation energy supply, promoting the green and low-carbon transformation of aviation energy supply, and building a world-class aviation energy supplier.
Securities Daily Two companies penalized swiftly for "hype-chasing"; responsibilities of board secretaries for information disclosure further reinforced. On January 7, the Shanghai Stock Exchange issued "penalties" to two companies listed on the STAR Market. The two companies were found to have disclosed inaccurate and incomplete information regarding their "brain-computer interface" business on January 6, along with insufficient risk warnings. Both the companies and their board secretaries received regulatory warnings from the exchange.
AI computing power wave drives storage market growth in both volume and price. Driven by the AI wave, storage chip prices have continued to rise at the start of 2026. On January 8, a Securities Daily reporter observed on platforms like JD.com that the price of a 256GB DDR5 server memory module had already exceeded 50,000 yuan, with some even approaching 60,000 yuan.
Don't let "gimmick marketing" dictate automakers' performance tests. As China's automotive industry develops at high speed, the number of new car launches has hit a record high, and product update cycles continue to accelerate. However, alongside this, instances of "gimmick marketing" and "bizarre performance tests" by individual automakers have emerged from time to time, becoming a contentious topic within the automotive circle. High-speed ramp jumps, extreme rollovers, overloaded climbs, non-standard collision tests... it's evident that some test programs conducted by certain automakers have deviated from real-world driving scenarios. This inevitably raises the question: are these automakers demonstrating engineering prowess or simply creating hype? When "dare you" and "can you" replace "is it safe" and "is it reasonable," such "automotive marketing" has already strayed from the proper path.
KNOWLEDGE ATLAS lists on the Hong Kong Stock Exchange, marking a new stage of capital validation for the large language model industry. Since ChatGPT ignited the global AI frenzy, technological breakthroughs and computing power competition have dominated the race in the large model field, with significant market attention on which company would be the first to enter the capital markets. On January 8, Beijing KNOWLEDGE ATLAS Technology Co., Ltd. rang the bell for its listing on the Hong Kong Stock Exchange. On its first trading day, KNOWLEDGE ATLAS closed at HK$131.5, up approximately 13.17% from its issue price of HK$116.2.
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