The ChiNext Index fell 1%, the Shenzhen Component Index fell 0.83%, the Shanghai Composite Index fell 0.28%, and the Hainan sector saw a pullback.

Important News 1. The one-year and five-year LPRs remain unchanged. 2. The Ministry of Finance: The implementation period of the fiscal subsidy policy for personal consumer loans will be extended to the end of 2026; credit card installment payment services will be included in the scope of fiscal subsidy support. 3. The Ministry of Finance: The central government will inject 5 billion yuan into the financing guarantee fund. 4. The National Development and Reform Commission: It will study and formulate an implementation plan for the strategy of expanding domestic demand from 2026 to 2030. 5. The National Development and Reform Commission: It will study the establishment of a national-level M&A fund to strengthen government investment and fund layout planning. 6. Xueqiu (a Chinese investment platform) is launching a special campaign to rectify illegal information related to the capital market, severely cracking down on illegal activities such as excessive speculation, inducing herd behavior, and even market manipulation. Individual Stock News 1. According to data on main capital flows, Shanghai Electric Power saw the largest net inflow of main capital at 795 million yuan, followed by China Power Construction, Shanzi High-Tech, Gree Electric Appliances, and Wolong Electric. New Easun saw the largest net outflow of main capital at 2.169 billion yuan, followed by Zhongji Xuchuang, Shenghong Technology, China Satellite, and Sungrow Power. 2. Gree Electric Appliances will begin mass production of silicon carbide chips for automotive applications; Dong Mingzhu stated that half of the chips will be supplied to GAC Group in the future. 3. Luoniushan: The suspension of centralized procurement services by the logistics department of its controlling shareholder does not affect the listed company. 4. Yutong Optics: The company provides lenses to InStone 360's Shadowling drones. 5. Zhongtai Shares: The company supplies launch pad equipment to LandSpace. 6. Taili Technology: Several robot manufacturers have contacted the company. 7. Huichuan Technology: The company raised prices for some products starting January 8th. 8. Zhangyuan Tungsten: Raised its long-term contract purchase price for the second half of January.

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