【Top Headlines】 China’s Housing Ministry Vows to Stabilize Real Estate Market From December 22 to 23, the National Housing and Urban-Rural Development Conference was held in Beijing. The meeting emphasized that next year’s priorities include adhering to a steady progress approach, balancing investments in infrastructure and human capital, and advancing urban renewal. Key goals include improving urban governance, promoting high-quality real estate development, and accelerating construction industry upgrades.
Ukraine May Sanction Chinese Citizens; China Urges Correction At a press conference on December 23, Chinese Foreign Ministry spokesperson Lin Jian responded to reports that Ukraine plans to sanction Chinese citizens allegedly aiding Russia. Lin reiterated China’s neutral stance in facilitating peace talks and called on Ukraine to rectify its "mistaken actions."
U.S. Claims China Deploys Over 100 ICBMs; Beijing Dismisses Accusations A Pentagon draft report alleged China has loaded over 100 intercontinental ballistic missiles (ICBMs) into newly built silos without engaging in arms control talks. The Chinese Foreign Ministry dismissed the claims as "baseless hype" to justify U.S. nuclear modernization efforts.
DJI Added to U.S. "Restricted List"; China Condemns "Discriminatory" Move China opposed the U.S. Federal Communications Commission’s decision to include DJI and other non-American drones on its "Restricted List," calling it an unfair suppression of Chinese firms under the guise of national security.
NVIDIA to Ship H200 AI Chips to China Before Lunar New Year Sources revealed NVIDIA plans to deliver its second-most-powerful AI chip, the H200, to Chinese clients by mid-February 2026 (before Lunar New Year). Initial shipments may total 5,000–10,000 modules (40,000–80,000 chips), sourced from existing inventory.
Global Funds Grow Bullish on Chinese Assets for 2026 Goldman Sachs, JPMorgan, Morgan Stanley, and UBS are among institutions forecasting a rebound in Chinese equities in 2026, citing improved corporate earnings, tech innovation, and attractive valuations.
Renminbi Hits Over One-Year High The offshore RMB/USD rate breached 7.02 on December 23, its strongest since October 2024, driven by a weaker dollar and year-end corporate FX settlements. Analysts expect sustained but moderate RMB strength.
AUM Trading Volume Surpasses 406 Trillion Yuan, Setting Record As of December 22, AUM’s annual turnover hit 405.55 trillion yuan, a historic first above 400 trillion yuan. Four single-day sessions exceeded 3 trillion yuan in trades, with the daily average hitting 1.72 trillion yuan.
Long March 12A Rocket Debuts; First Stage Recovery Fails China’s reusable methane-fueled Long March 12A rocket successfully reached orbit on its maiden flight, but its first stage failed to land as planned. The cause is under investigation.
Radioactive Water Leak at Japan’s "Fugen" Reactor A leak of radioactive water occurred during decommissioning at Japan’s "Fugen" reactor, potentially exposing several workers. Authorities confirmed no contamination outside controlled zones.
【Corporate Updates】 JD.com Denies "Major Losses" in France Warehouse Theft JD.com stated operations have resumed normally after a robbery at its Paris warehouse, disputing reports of significant financial damage.
SMIC Raises Prices by ~10% on Select Capacity Chipmaker SMIC has increased wafer prices by approximately 10%, attributed to rising demand for mobile and AI applications, as well as higher material costs.
Insta360 Exposes Fake Reviews Targeting Its Drones Insta360’s legal team released evidence of coordinated smear campaigns, including paid negative reviews and duplicate criticism posts.
Sunac Completes $9.6B Offshore Debt Restructuring Sunac China announced the full resolution of its $9.6 billion offshore debt, reducing total liabilities by nearly 60 billion yuan after completing onshore bond restructuring earlier.
【Market Trends】 Lithium Battery Sector Rebounds After 2025 Downturn Commercial Space Launches Hit Record Highs in China Global Expansion: Lithium Firms Scout Overseas Mines Policy Boost for Solar Thermal Power Projects
【Strategies】 CMSC Foresees "Year-End to Spring" Rally CMSC predicts a market uptick in early 2026, driven by accelerated fiscal spending and institutional inflows into broad-based ETFs. Blue chips (CSI 300/SSE 50), industrials, and tech (domestic computing, space, nuclear fusion) are favored.
【IPO】 Jianxin Superconductor (科创板) priced at 18.58 yuan/share (P/E 61.97x), raising funds for MRI component R&D.
【Corporate Actions】 Notable Moves: - Bethel, Shida Shenghua plan Hong Kong listings. - BOE Energy Tech clears Beijing exchange IPO review. - Oriental Yuhong’s U.S. unit loses $1.72M in suspected fraud. - Deals: Ningbo Port buys Zhoushan terminal; Laiyen Bio acquires Beijing JinKangPu. - Shareholder Updates: Huaxin Cement, Bioland announce buybacks; Ziguang, Hangyu Micro face减持.
【Other Highlights】 - Lightron to expand quartz fiber fabric production. - Hybersi plans 2B yuan smart energy storage plant. - Xiangpiaopiao to build Thailand production base. - Wanrun New Energy designated lithium carbonate delivery hub.
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