The PBOC issued its '15th Five‑Year' reform and development plan, calling for a rationally distributed, well‑governed, advanced, reliable and resilient financial infrastructure system. Key measures include improving central bank service quality and efficiency; upgrading financial statistics, payments, treasury and cash‑service systems; steady development of the digital renminbi; promotion of high‑quality credit‑reporting services; strengthened anti‑money‑laundering supervision; and reinforcing l

A股多支高溢價LOF大幅下跌，全球芯片LOF（501225）觸及跌停，當前溢價率爲18.02%。國投白銀LOF（161226）當前跌幅爲5.9%，當前溢價率爲19.55%。

CHINA STATE PLANNER and the National Energy Administration issued the Coal Industry Development “15th Five-Year” Plan. By 2030 the plan targets a stronger coal supply backstop, optimized production layout and a higher share of advanced capacity; nationwide large modern coal mines to account for 87% of capacity and intelligent/automated mine capacity to rise to 75%. The plan also seeks materially improved safety, greener and more efficient coal use, accelerated development of coal‑based diversified industries, a coal consumption peak with enhanced dynamic supply‑demand balancing and storage/distribution systems, and upgraded industry governance to establish a modern coal sector and advance high‑quality development.