At the close of the morning session, domestic futures contracts showed mixed results. Platinum fell over 10%, palladium fell over 9%, fuel oil and Shanghai silver fell nearly 2%, while low-sulfur fuel oil (LU), Shanghai lead, coking coal, ferrosilico

A U.S. federal judge informed the Trump administration that it must apply for funding for the Consumer Financial Protection Bureau.

1. China's December Manufacturing Purchasing Managers' Index (PMI) was released, rising into expansion territory, indicating a recovery in the manufacturing sector. 2. Childcare subsidies for 2026 will be fully open for application starting January 5th. 3. The National Development and Reform Commission (NDRC) announced that the 2026 early-batch list of key projects and central government budget investment, totaling approximately 295 billion yuan, has been issued. 4. The Ministry of Commerce announced that subsidies for each household appliance will not exceed 1,500 yuan, and subsidies for each digital and smart product will not exceed 500 yuan. 5. ICBC, ABC, and BOC announced that interest will be paid on the balance of digital RMB real-name wallets starting January 1, 2026. Individual Stock News 1. According to data on main capital flows, BlueFocus saw the largest net inflow of main capital at 2.746 billion yuan, followed by Leo Group, Aerospace Electronics, China Satellite, and Sunway Communication. Foxconn Industrial Internet saw the largest net outflow of main capital at 2.099 billion yuan, followed by Tianfu Communication, Sungrow Power, Saiwei Electronics, and Invik. 2. Moore Threads increased its capital to 470 million yuan, an increase of approximately 18%. 3. ZTE Chairman Fang Rong: Overseas markets still have great potential; the terminal business is firmly committed to expanding into major markets. 4. Beijet: Demand for antimony continues to grow in the commercial aerospace sector. 5. Kailong High-Tech: Orison Testing has entered Geely Automobile Research Institute's supplier system. 6. Pingo Group: Jiangyuan D20 Pro 128GB data center GPU boards have been delivered in batches. 7. Shudao Equipment: Currently engaged in gas equipment supply business with two domestic aerospace base-related companies.