CSRC Cracks Down on Financial Fraud; Commercial Space "National Team" Makes Major Moves

1. The State Council Information Office will hold a press conference on January 6 regarding the promotion of green consumption.

2. Lenovo Group will jointly launch a major enterprise-level AI product with NVIDIA at its Tech World innovation conference on January 6.

3. A new round of adjustment for domestic refined oil prices will commence.

4. On the 5th, the State Council Information Office held a press conference introducing the progress and achievements over the past decade in developing the Yangtze River Economic Belt. Over the past ten years, the proportion of water with good quality in the Yangtze River Economic Belt has increased from 67% to 96.5%, and its share of the national GDP has risen from 42.2% to 47.3%.

5. According to CCTV News, on the 5th, a spokesperson for the Ministry of Foreign Affairs stated that China firmly supports the status of Latin America and the Caribbean as a Zone of Peace, opposes any actions that violate the purposes and principles of the UN Charter, infringe upon the sovereignty and security of other countries, opposes the use or threat of force in international relations, and opposes external forces interfering in the internal affairs of Latin American countries under any pretext.

6. On the 5th, the Ministry of Commerce and eight other departments issued a notice to implement the Green Consumption Promotion Action, including supporting the establishment of dedicated sales areas for green agricultural products and encouraging the purchase of green smart home appliances and non-fluorinated air conditioners certified as green products.

7. The China Federation of Logistics & Purchasing announced on the 5th that in December 2025, China's Bulk Commodity Price Index was 117.9 points, a month-on-month increase of 3.2%. This marks the eighth consecutive month of month-on-month growth, reaching a new high since June 2024.

8. Ministry of Industry and Information Technology: From January to November 2025, China's software business revenue exceeded 13 trillion yuan, a year-on-year increase of 13.3%. The total profit of the software industry increased by 6.6% year-on-year.

9. The China Securities Regulatory Commission (CSRC) held a cross-departmental work promotion symposium on the comprehensive prevention and punishment system for capital market financial fraud. The meeting concluded that the construction of the comprehensive prevention and punishment system for capital market financial fraud has entered a critical stage of deepening implementation. It is essential to adopt a problem-oriented and systematic approach to deliver a comprehensive set of measures for prevention and punishment.

10. On January 5, the first trading day of 2026, A-shares welcomed a "positive opening," with the Shanghai Composite Index reclaiming the 4,000-point mark. It recorded 12 consecutive daily gains, setting the longest winning streak since March 1992. At the close, the Shanghai Composite Index rose 1.38% to 4,023.42 points, the Shenzhen Component Index gained 2.24%, and the ChiNext Index surged 2.85%. Market turnover significantly increased by 500 billion yuan to 2.57 trillion yuan, reaching a nearly two-month high.

11. On January 5, the Hang Seng Index in Hong Kong edged up 0.03% to 26,347.24 points; the Hang Seng Tech Index rose 0.09%, while the Hang Seng China Enterprises Index fell 0.22%. Biotechnology and semiconductor sectors strengthened, while new energy vehicle concept stocks adjusted. Southbound funds recorded a net purchase of 18.723 billion HKD. Kuaishou and Xiaomi Group received net purchases of 1.556 billion HKD and 1.019 billion HKD, respectively; Tencent Holdings faced a net sale of 919 million HKD.

12. Goldman Sachs released its latest research report, "China 2026 Outlook: Exploring New Momentum," stating that China's real GDP growth rate in 2026 is expected to exceed market consensus forecasts. It recommends an overweight position in A-shares and Hong Kong stocks, projecting annual gains of 15% to 20% for the Chinese stock market in 2026 and 2027.

13. The Securities Association of China released the first batch of the 2026 IPO on-site inspection lottery list, which includes 11 companies: LandSpace, YueXin Semiconductor, Ruisem Technology, Pinzhun Laser, Jiuan Intelligence, China Salt Industry, Taosheng Technology, Lieqi Intelligence, Gaokai Technology, Hanhe Medical, and Luoyang Bearing. Science and Technology Innovation Board (STAR Market) IPO enterprises are the most numerous, with a total of 6 companies.

14. The Guiding Opinions on the Long-cycle Assessment of Annuity Funds have been officially issued. Previously, annuity funds were mostly assessed based on annual return rankings and absolute return targets. These new guidelines stipulate that the performance assessment of annuity funds should use the contract period as the assessment cycle, focus on medium- to long-term goals as the primary assessment basis, and include medium- to long-term indicators of three years or more as well as quantitative indicators.

15. Commercial space "national team" makes major moves. Recently, China Aerospace Science and Technology Corporation Commercial Rocket Co., Ltd. underwent a business registration change, increasing its registered capital from 1 billion yuan to 1.396 billion yuan. Among this, the contribution amount from China Aerospace Science and Technology Corporation increased from 510 million yuan to 906 million yuan, a rise of 77.6%.

16. Chow Sang Sang will adjust the prices of some priced gold jewelry starting January 6, with increases ranging from 200 yuan to 1,500 yuan.

17. Hyundai Motor's global sales in 2025 decreased by 0.1% year-on-year to 4,138,200 units. Kia's sales last year increased by 1.5% year-on-year to 3,135,800 units, setting a new annual record.

18. Hon Hai Precision Industry (Foxconn) reported December 2025 sales of 862.86 billion New Taiwan Dollars, a year-on-year increase of 31.8%. Fourth-quarter revenue grew 22.07% year-on-year to 2.6 trillion New Taiwan Dollars.

19. Regarding issues such as price increases by some air conditioner companies and plans for "aluminum replacing copper," Gree Electric Appliances promised that its household air conditioners will not see price hikes. Simultaneously, to meet the standard of its ten-year free warranty service for household air conditioners, the company currently has no plans related to "aluminum replacing copper."

20. Seres Group's new energy vehicle sales in December 2025 increased by 63.4% year-on-year. Cumulative sales for the full year grew by 10.63% year-on-year.

21. On January 5, local time, all three major U.S. stock indices closed higher. The Dow Jones rose 1.23% to 48,977.18 points, setting another historical high. The S&P 500 gained 0.64% to 6,902.05 points, and the Nasdaq increased by 0.69% to 23,395.82 points. Chevron rose over 5%, and Goldman Sachs Group gained more than 3%, leading the Dow's advance. The Wind US Tech Seven Giants Index rose 0.41%, with Tesla up over 3% and Amazon gaining nearly 3%. Most Chinese concept stocks rose, with Brainstorm Cell Therapeutics surging over 31% and Bit Digital rising over 8%.

22. CCTV News: On January 5, local time, Venezuelan President Nicolás Maduro, who is under U.S. forced control, and his wife made their first appearance at the U.S. District Court for the Southern District of New York. They pleaded "not guilty" to the so-called "charges" by the U.S. side. The judge required Maduro to appear in court again for a hearing on March 17.

23. CCTV News: Affected by U.S. oil blockades and sanctions pressure, the total volume of Venezuelan crude oil stranded at sea and unable to depart ports currently exceeds 17 million barrels, and domestic storage facilities are nearing capacity. Venezuela's state oil company, PDVSA, has begun forced cuts in crude oil production and initiated emergency measures to shut down some oil fields and well groups.

A reporter from 21st Century Business Herald learned that early last year, the National Healthcare Security Administration issued guidance on charging for brain-computer interface rehabilitation, which directly spurred the rapid development of the brain-computer interface industry. Currently, about 11 provinces and cities have introduced relevant charging standards for brain-computer interfaces, and many companies have also revealed their latest commercialization progress.