U.S. stocks opened lower, with the Dow Jones Industrial Average down 0.04%, the S&P 500 up 0.04%, and the Nasdaq up 0.1%. Nvidia (NVDA.O) rose 0.8% after reaching a non-exclusive technology licensing agreement with Groq. Mining stocks followed the re

Domestic News: 1. China takes countermeasures against 20 US military-related companies and their senior managers. 2. The People's Bank of China releases the "China Financial Stability Report (2025)". 3. Ministry of Industry and Information Technology: The core artificial intelligence industry will exceed one trillion yuan in scale this year. 4. State Administration for Market Regulation conducts guidance on regulating price competition in the photovoltaic industry. 5. The National Venture Capital Guidance Fund is launched to guide financial capital to invest in long-term, hard technologies. 6. A spokesperson for the Ministry of Industry and Information Technology revealed that the added value of industries above designated size is expected to increase by 5.9% year-on-year. 7. National Energy Administration: As of the end of November, the national cumulative installed power generation capacity reached 3.79 billion kilowatts, a year-on-year increase of 17.1%. 8. National Development and Reform Commission: For the "new three" industries—new energy vehicles, lithium batteries, and photovoltaics—the key lies in regulating order and innovation-driven development. 9. Ministry of Industry and Information Technology: Developing emerging pillar industries such as integrated circuits, new displays, new materials, aerospace, low-altitude economy, and biomedicine. 10. The Ministry of Finance and three other departments issued the "Guiding Opinions on Further Leveraging the Role of the Government-Backed Financing Guarantee System to Strengthen Support for Employment and Entrepreneurship." 11. A spokesperson for the Ministry of Foreign Affairs answered a reporter's question regarding countermeasures against the US arms sales to Taiwan, urging the US to cease its dangerous actions of arming Taiwan, stop undermining peace and stability across the Taiwan Strait, and stop sending wrong signals to "Taiwan independence" separatist forces. 12. The Shenzhen Stock Exchange issued the "Notice on Reducing and Exempting Relevant Fees in 2026," introducing several fee reduction measures for 2026, with the total fee reduction expected to exceed 800 million yuan. 13. The National Bureau of Statistics: After final verification, the total GDP in 2024 was 134,806.6 billion yuan, a decrease of 101.8 billion yuan from the preliminary estimate. 14. The Shanghai Stock Exchange issued the "Shanghai Stock Exchange Issuance and Listing Review Rules Application Guidelines No. 9—Commercial Rocket Enterprises Applicable to the Fifth Set of Listing Standards for the Science and Technology Innovation Board." 15. The General Office of the State Financial Supervision and Administration Bureau issued the "Implementation Plan for High-Quality Development of Digital Finance in the Banking and Insurance Industries." 16. The State Administration for Market Regulation revised and issued regulations to prevent the abuse of administrative power to exclude or restrict competition. 17. China's first batch of Level 3 autonomous vehicles began large-scale operation on public roads. 18. Based on the experience gained from pilot programs in some regions, the People's Bank of China and the State Administration of Foreign Exchange decided to promote the integrated RMB and foreign currency cash pooling business of multinational corporations nationwide. 19. Zheng Zhaojie, Director of the National Development and Reform Commission, chaired a symposium with private enterprises to solicit opinions and suggestions on next year's economic work. 20. The China Securities Regulatory Commission (CSRC) seriously investigated and punished the serious financial fraud case of Changyao Holdings. International News: 1. The Japanese Cabinet approved a record initial budget for fiscal year 2026, totaling 122.3 trillion yen. 2. South Korea's special prosecutor's team is seeking a 10-year prison sentence for Yoon Seok-yeol on charges of obstructing arrest. 3. Iranian state media: Iran seized a foreign oil tanker carrying smuggled fuel in the Gulf. 4. Saudi Arabia launched airstrikes on military outposts belonging to the Southern Transitional Council in Yemen's southeastern Hadramawt province. 5. Japanese Prime Minister Sanae Takaichi: Japan expects to achieve its first primary fiscal surplus in 28 years in fiscal year 2026. 6. Ukraine says Trump and Zelensky plan to meet on Sunday to finalize a peace agreement. 7. The ceasefire between Thailand and Cambodia will begin on December 27th local time, followed by a 72-hour monitoring period. 8. US stocks held steady, spot gold rose to a record high of $4533.4 per ounce, and spot silver rose more than 4%.

The Nikkei 225 index closed up 342.60 points, or 0.68%, at 50,750.39 on Friday, December 26.