Closing Review: Shanghai Composite Index falls 0.26%, barely holding above 4100 points. Semiconductor industry chain explodes.

On January 16th, the market rose again in the afternoon and then fell back, with the three major indexes collectively closing lower. In terms of sectors, the semiconductor industry chain continued to strengthen, with stocks such as Huicong Technology, Boqi International, and Jiangbolong all rising by over 10%; the CPO sector was active, with stocks like Sanan Optoelectronics, Changdian Technology, and Tongfu Microelectronics all hitting the limit up; the humanoid robot sector was active, with stocks like Wuzhou Xinchun and Ningbo Huaxiang all hitting the limit up; on the downside, the AI application sector saw a collective decline, with stocks like Kunlun Wanwei and Bluefocus Communication falling by over 10%, and many stocks like Xinhua Du and Oriental Pearl hitting the limit down; the tourism and hotel sector experienced a pullback, with China CYTS Tours Holding leading the decline. Overall, there were more declining stocks than rising stocks in both markets, with over 2900 stocks falling. At the close, the Shanghai Composite Index was at 4101.91 points, down 0.26%; the Shenzhen Component Index was at 14281.08 points, down 0.18%; and the ChiNext Index was at 3361.02 points, down 0.20%. In terms of market performance, semiconductors, storage chips, and advanced packaging led the gains, while short video and Sora concepts, as well as cultural media sectors, led the declines.
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16/01/2026

State-owned Assets Supervision and Administration Commission of the State Council: Focus on strengthening the leading role of state-owned enterprises in technological innovation, cultivating technological leading enterprises, accelerating the application of research results, and fostering a good innovation ecosystem.

The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) held a meeting in Beijing for local state-owned assets supervision and administration authorities. The meeting emphasized the need to solidly carry out the key tasks of state-owned assets and state-owned enterprises by 2026, ensuring a good start and progress in the 15th Five-Year Plan. Efforts should be made to promote quality improvement, efficiency enhancement, and stable growth, strengthen goal-oriented leadership, improve growth quality, enhance market development, tap growth potential, and facilitate economic circulation. The meeting also stressed the importance of strengthening the role of state-owned enterprises in technological innovation, nurturing leading technology companies, accelerating the application of research results, and fostering a favorable innovation ecosystem. Additionally, there should be an emphasis on optimizing the layout and restructuring of the state-owned economy, focusing on promoting the concentration of state-owned capital, optimizing and upgrading traditional industries, and building new pillar industries. Furthermore, the implementation of further deepening reforms of state-owned assets and enterprises should be advanced, improving the modern enterprise system with Chinese characteristics and enhancing market-oriented operation mechanisms. Efforts should also be made to promote professional, systemic, legal-based, and efficient supervision, improving the state-owned assets supervision system, and effectively strengthening the supervision of overseas state-owned assets. Attention should be given to preventing and resolving major risks, adhering to the principles of risk prevention and control, effectively preventing and controlling risks in key areas, establishing a long-term mechanism, and ensuring that the bottom line of no systematic risk occurs is firmly held.
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15/01/2026

Li Qiang met with Canadian Prime Minister Justin Trudeau.

Li Qiang pointed out that China and Canada have strong economic complementarity, and the cooperation between the two countries has strong internal dynamics and great potential. China is willing to strengthen strategic alignment with Canada, continue to restore and promote exchanges at all levels and in all areas, make good use of the dialogue mechanisms between the two governments in economy, trade, science and technology, agriculture, etc., promote stable growth in bilateral trade, improve trade facilitation, deepen cooperation in clean energy, digital technology, modern agriculture, aviation and aerospace, advanced manufacturing, finance and other fields, and cultivate more new economic growth points. China welcomes more Canadian companies to invest in China and hopes that Canada will provide a fair, non-discriminatory business environment for Chinese companies investing in Canada. Both sides should continue to actively support exchanges and cooperation in education, culture, tourism, sports, youth, and local areas, facilitate people-to-people exchanges, and carry forward and deepen the friendly feelings between the people of the two countries. China is willing to strengthen cooperation with Canada in the framework of the United Nations, World Trade Organization, G20, Asia-Pacific Economic Cooperation and other frameworks, jointly uphold multilateralism and free trade, promote the improvement of global governance, and move the international order in a more just and rational direction.
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15/01/2026

Closing Review: The Shanghai Composite Index closed down 0.33% with lower trading volume, and many high-performing stocks hit the limit down.

As of the close, the Shanghai Composite Index fell 0.33% to 4112.60 points, the Shenzhen Component Index rose 0.41% to 14306.73 points, the ChiNext Index rose 0.56% to 3367.92 points, and the CSI 50 Index fell 2.28% to 1544.84 points. The total market turnover was 2.91 trillion yuan, a decrease of 1.0754 trillion yuan from the previous day. In terms of sector themes, the precious metals, energy metals, and storage chip sectors were active, while the commercial aerospace and AI application sectors adjusted. In the market, the precious metals sector continued to strengthen, with Sichuan Gold hitting the daily limit up and Hunan Silver rising nearly 6%. The energy metals sector rose, with Huayou Cobalt Industry rising more than 6%. The storage chip sector strengthened in the afternoon, with Blue Arrow Electronics hitting the limit up, and Kangqiang Electronics, Bai'ao Chemical, Tsinghua Unigroup, and Sanfu Shares all hitting the limit up. The commercial aerospace sector adjusted, with National Electronics, Star Ring Technology hitting the limit down, Star Map Control falling more than 21%, and Leike Defense, Changjiang Communication, Aerospace Electronics and other stocks hitting the limit down. The AI application sector adjusted, with Tianlong Group, Worth Buying, Hongbo Medicine, Huaren Health and others hitting the limit down, and several stocks such as Tongda Sea and Guangha Communication falling more than 10%.
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15/01/2026
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