Pre-market report on A shares | Commercial aerospace welcomes three major positives! Musk calls out again, surging over 400%! Two bullish stocks will be suspended today.

Pre-market News 1. Commercial space flight welcomes three major benefits! Musk says Starship will make space costs drop by 99% Category: Industry Sentiment Impact: Positive Commercial space flight has been continuously benefiting lately. First, Musk stated that SpaceX hopes to achieve fully reusable rockets this year through the "Starship" technology, making space costs drop by 99%. In the domestic market, Beijing has issued a document encouraging mergers and reorganization of satellite data upstream and downstream companies. Xu Ming, CEO of Galactic Aerospace, stated that by 2035, the global space economy is expected to reach $1.8 trillion. In terms of companies, China Aerospace IPO has achieved a major breakthrough. 2. Up more than 400%! Two bull stocks Zhejiang Fenglong Electric and Jiamei Food Packaging both suspended trading for investigation today Category: Company Sentiment Impact: Negative Zhejiang Fenglong Electric and Jiamei Food Packaging, two bull stocks, announced last night that they would suspend trading for investigation starting today, with an expected suspension time of no more than 5 trading days. This is the second time this month that the two major bull stocks have announced a trading halt for investigation. Zhejiang Fenglong Electric has been continuously trading at the limit up for 17 consecutive trading days from December 25, 2025, to January 23, 2026, with a price increase of 405.74%. Jiamei Food Packaging has seen a price increase of 408.11% from December 17, 2025, to January 23, 2026. 3. CSRC cracks down hard, individual investors manipulating the securities market fined over 1 billion yuan Category: Market Sentiment Impact: Positive Recently, the CSRC has been rigorously investigating malicious violations in the field of private equity funds, including illegal activities such as illegal fundraising, embezzlement, self-financing, and interest transfer that violate the "bottom line" and "red line" of private equity fund regulation. The CSRC has imposed administrative penalties on Yu Han for manipulating the securities market, totaling over 1 billion yuan in fines. Zhejiang Ruifengda Asset Management Company, actual controller Sun Wei, and others were fined over 28 million yuan, with 5 responsible persons fined over 13 million yuan. 4. New regulations on public fund performance benchmarks implemented: farewell to the era of "style drift," linking returns with compensation Category: Market Sentiment Impact: Positive Recently, the China Securities Regulatory Commission officially released the "Performance Benchmark Guide for Publicly Offered Securities Investment Funds," and the Fund Industry Association simultaneously released the "Operational Rules for Publicly Offered Securities Investment Fund Performance Benchmark." The core idea of this new regulation is to completely reverse the situation where the benchmark is neglected. More importantly, the new regulations once again emphasize that the future compensation of fund managers will be directly linked to beating the benchmark, rather than short-term market rankings.