A-shares welcomed 2026 with a "strong start," rallying upwards immediately after the opening of the first trading day! On January 5th, the Shanghai Composite Index surged by 0.9%, briefly reclaiming the 4000-point level during the session for the first time in 34 trading days.
In the early session, the semiconductor industry chain experienced volatile gains, with strong performances seen in the equipment, materials, and wafer foundry segments. Advanced Micro-Fabrication Equipment Inc. China, Sili-Tech, and Dongwei Semiconductor rose by over 10%, while Hua Hong Company, SMIC, Tuojing Technology, Huahai Qingke, Zhongke Feice, and Shengmei Shanghai followed with gains. The positive sentiment was fueled by news: Hua Hong Company released a draft proposal for a share issuance to acquire a 97.5% stake in Huali Microelectronics, and Advanced Micro-Fabrication Equipment Inc. China disclosed a plan to issue shares and pay cash to acquire a 64.69% stake in Hangzhou Zhonggui Electronics, with its shares resuming trading on January 5th.
The insurance sector also showed strength, with New China Life Insurance rising over 5% and China Pacific Insurance climbing more than 3%, both continuing to hit new all-time highs. Ping An Insurance, China Life Insurance, and PICC Group were among the top gainers. This movement followed recent data from the National Financial Regulatory Administration showing that the insurance industry's total premium income for the first 11 months of 2025 reached 5.7629 trillion yuan, a year-on-year increase of 7.6%. Specifically, life insurance companies achieved premium income of 4.1472 trillion yuan, up 9.1% year-on-year, while property and casualty insurers recorded premium income of 1.6157 trillion yuan, a growth of 3.9%.
The robotics concept remained active, with Wuzhou Xinchun achieving its 4th consecutive daily limit-up and Siling Intelligence Drive surging over 15%, both also setting new historical highs. Hanwei Technology, Lens Technology, Redick, and Bojie Shares also saw significant upward moves. The catalyst was a Morgan Stanley forecast predicting that China's humanoid robot shipments could reach 14,000 units this year, with volumes expected to double annually in the coming years and surpass one million units by 2034.
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Editor: Ling Chen
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