Financial Morning Brief: December 22

Deep News12-22 07:42

• Chongqing issued China's first official L3 autonomous driving license plate, "Yu AD0001Z," awarded to Changan Automobile. • Sanya Phoenix International Airport in Hainan set a record high in passenger throughput in 2025, with international passenger volume surging 46.6% year-on-year. • The total scale of ETFs exceeded 5.8 trillion yuan for the first time, hitting a historic high, with over 60% being equity ETFs and cross-border ETFs accounting for about 16%.

• The South-to-North Water Diversion Project marked its 11th anniversary of full operation. China South-to-North Water Diversion Corporation reported cumulative water transfers exceeding 84.5 billion cubic meters to northern regions. The company is accelerating key national water network projects to enhance connectivity and optimize water resource allocation.

• CNOOC announced that Bohai Oilfield, China's largest offshore oilfield, achieved a record high of 40 million tons of oil and gas equivalent in 2025, bolstering national energy security. CNOOC Tianjin Branch noted accelerated capacity construction, with multiple key projects, including Kenli 10-2 and Bozhong 26-6, rapidly advancing.

• China's air cargo sector showed strong growth in 2025, with total cargo and mail volume reaching 9.243 million tons from January to November, up 13.6% year-on-year. International routes drove the expansion, surging 21.8%.

• ETF market scale surpassed 5.8 trillion yuan, led by equity ETFs (over 3.7 trillion yuan), followed by cross-border ETFs (900 billion yuan, ~16%) and bond ETFs (743 billion yuan).

• Public funds' participation in private placements exceeded 34 billion yuan in 2025, with floating profits nearing 11 billion yuan, reflecting a 32% return. Analysts expect continued attractiveness amid policy support and market demand.

• Sanya Phoenix International Airport set a new record with 21.849 million passengers in 2025, including 895,000 international travelers (+46.6%), highlighting Hainan’s appeal as a free trade port.

• Zhengzhou Xinzheng International Airport surpassed 1 million tons in annual cargo throughput, marking a milestone in its development as a global air logistics hub.

• Changan Automobile received China's first L3 autonomous driving license plate, "Yu AD0001Z," signaling its leadership in next-gen autonomous technology.

• AI firm MiniMax filed for a Hong Kong IPO, reporting revenue of $34.6 million (2023), $305.23 million (2024), and $534.37 million (Jan-Sept 2025).

• UK Prime Minister Keir Starmer and US President Donald Trump discussed Ukraine and Middle East developments in a phone call.

• US authorities intercepted a third Panama-flagged oil tanker, "Bella 1," near Venezuela, citing sanctions compliance.

• France plans to arrange talks between President Emmanuel Macron and Russian President Vladimir Putin to pursue "lasting peace," with transparency for Ukraine and Europe.

• Japanese opposition leaders criticized the ruling coalition’s proposal to ease arms export restrictions, warning of dangerous consequences.

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