A-shares experienced narrow-range consolidation. As of the morning close, the Shanghai Composite Index dipped 0.1% to 3,961.21 points. The Shenzhen Component Index gained 0.23%, while the ChiNext Index fell 0.06%. The Beijing Stock Exchange 50 Index dropped 0.68%, and the STAR 50 Index rose 0.5%. The CSI A500 Index advanced 0.13%. The total transaction value for A-shares in the morning session reached 1.3 trillion yuan.
On the liquidity front, the central bank announced that it conducted a 312.5 billion yuan 7-day reverse repo operation on December 30 using a fixed interest rate and quantity tender method. The operation rate was set at 1.40%, with bid and awarded amounts both reaching 312.5 billion yuan.
Regarding market news, the Central Rural Work Conference was held in Beijing from December 29 to 30. The conference analyzed the current situation and challenges facing work related to agriculture, rural areas, and farmers, and outlined the tasks for 2026.
The Ministry of Industry and Information Technology issued the "Guiding Opinions on Accelerating the Innovative Development of National New Internet Exchange Centers." It mentioned implementing regional coordination development strategies and major regional strategies, supporting the establishment of exchange centers in areas with strong demand, concentrated business, solid foundations, and significant regional advantages to achieve a balanced yet focused regional layout. To meet the high-quality requirements of computing power infrastructure, it emphasized strengthening the coordinated construction of exchange centers and national hub nodes of the integrated national computing power network, promoting the efficient flow of computing power across regions, networks, and industries. It also advocated for deploying and applying cutting-edge technologies such as artificial intelligence, 400G/800G optical transmission, lossless Ethernet, privacy-preserving computation, and quantum communication in exchange centers to enhance network switching efficiency and intelligent operational levels.
In terms of sectors, the commercial aerospace concept stocks remained locally active, with both China Satellite Communications Co., Ltd. and China Spacesat Co., Ltd. hitting new highs again. Film and television concept stocks performed strongly, with companies like Baina Qiancheng and Jinyi Film & Television hitting the daily upside limit.
Data from iiMedia Research showed that China's short drama market scale is projected to reach 67.79 billion yuan in 2025, a year-on-year increase of 34.40%, and is expected to exceed 150 billion yuan by 2030. While single-genre "wish-fulfillment" dramas once dominated the market, diverse and innovative themes are emerging as the industry develops and user aesthetics improve, with brand IP customization becoming mainstream. According to Ampere Analysis, subscription-based streaming platforms are soon set to become the largest contributing segment in the global television economy. By 2029, the global streaming market is expected to generate $190 billion in annual revenue from 2 billion paying subscribers, and the continued growth of streaming is also poised to drive the future development of long-form series.
Here, by integrating the latest research reports from several brokerages, four companies are introduced for reference only.
Baina Qiancheng Some of the company's leading series have already received recommendations from video platforms like Mango TV. Its cultural tourism business, building on the three already operational scenic spots, has newly signed several projects, which are expected to bring stable revenue growth.
BlueFocus As a leading enterprise in overseas advertising and marketing, the company is accelerating its Globalization 2.0 strategy. Partnerships with emerging media are optimizing rebates, its self-built programmatic platform BlueX is iterating rapidly, and the integration of AI with overseas expansion is opening up new growth avenues.
Xiechuang Data By building a technological foundation that integrates computing, connectivity, and storage, the company is progressively improving its AI infrastructure. The synergy across its various business segments is driving continuous growth in the company's performance.
Yeahmobi The company is a rare player in the industry capable of collaborating with various mainstream large language models and underlying computing power platforms, providing a full-process solution for overseas marketing—from computing power support to content production, and further to distribution, growth, and monetization.
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