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On December 31, under the overall guidance of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange revised its "Stock Listing Rules" and "Standardized Operation Guidelines" for the Main Board and the Science and Technology Innovation Board, and solicited public opinions. The main revisions include: establishing a full-process regulatory system for the appointment, performance, and dismissal of company secretaries; further improving the protection of company secretaries' performance of their duties; guiding company secretaries to better perform their duties; fully leveraging the role of company secretaries in information disclosure, corporate governance, and internal and external communication and coordination; and promoting the improvement of the quality of listed companies. The revisions also refine relevant regulations for directors and senior executives, improve the regulatory system for directors and senior executives, and comprehensively regulate their appointment, performance, and departure, urging directors and senior executives to faithfully and diligently perform their duties; improve the incentive and restraint mechanism for directors and senior executives, requiring listed companies to formulate remuneration management systems that stipulate that the remuneration of directors and senior executives is commensurate with the company's operating performance and individual performance, promoting a better alignment of interests between directors, senior executives, and the company; and further regulate the behavior of controlling shareholders and actual controllers, strictly limiting competition from related parties that may have a significant adverse impact on listed companies.

On December 31, Jiaze New Energy announced that it plans to repurchase company shares for RMB 220 million to RMB 440 million, with a repurchase price not exceeding RMB 6.63 per share.

Xi Jinping: In the past year, the rights and interests of newly employed groups have been further protected, age-friendly renovations have brought convenience to the elderly, and families with children have received an additional 300 yuan subsidy per month.

Xi Jinping: This year, what is unforgettable is that we solemnly commemorated the 80th anniversary of the victory of the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War, and established the Taiwan Retrocession Memorial Day. The grand national ceremony was majestic and awe-inspiring; the glory of victory will forever be recorded in history, inspiring the Chinese people to remember history, cherish the memory of our martyrs, treasure peace, and create a better future, thus凝聚起 the immense power for the great rejuvenation of the Chinese nation.

Singapore Prime Minister Lawrence Wong: The economy is benefiting from a surge in demand for chips and electronic products related to artificial intelligence.

On December 31, Jiaheng Household Chemicals announced that on December 31, 2025, Zeng Bensheng signed a share transfer agreement with Hangzhou Pinbianyi, under which Hangzhou Pinbianyi intends to acquire 19,555,200 shares, representing 19.40% of the company. On the same day, Zeng Bensheng also signed agreements with Wenzhou Cangxiao and Hangzhou Runyi respectively, transferring 5,241,600 shares (5.20%) and 5,140,800 shares (5.10%), totaling 29.70% of the shares, at a price of RMB 33.21 per share. Zeng Bensheng relinquished voting rights for 25.79% of the shares. Hangzhou Pinbianyi plans to launch an irrevocable partial tender offer to all shareholders other than itself and its concerted parties at RMB 33.21 per share, for 21,268,800 shares, representing 21.10%, with a total estimated cost not exceeding RMB 706 million. A performance bond of RMB 141 million has already been deposited. The tender offer period is 30 calendar days. The company's stock will resume trading on January 5, 2026.

On December 31, Meitu (01357.HK) announced that all conditions precedent to the subscription agreement have been fulfilled and the transaction was completed on December 31, 2025. Following the completion of the transaction, the Company has issued convertible bonds with a principal amount of US$250 million to the subscriber in accordance with the terms of the subscription agreement.

On December 31, the General Administration of Customs issued an announcement regarding import declarations for beef products subject to safeguard measures. The announcement stipulates that consignees of imported goods or their agents declaring imported beef subject to safeguard measures as specified in Article 2 of Announcement No. 87 of 2025 issued by the Ministry of Commerce should complete the declaration according to the customs declaration form specifications after the means of transport carrying the imported beef has entered the country. According to Article 3 of Announcement No. 87 of 2025, "Methods for Implementing Safeguard Measures," the special safeguard measures for beef under the Free Trade Agreement between the Government of the People's Republic of China and the Government of Australia are suspended during the period of safeguard measures in effect. The relevant provisions of Announcement No. 207 of 2019 issued by the General Administration of Customs concerning special safeguard measures for beef under the China-Australia Free Trade Agreement are also suspended simultaneously.

On December 31, EU High Representative for Foreign Affairs and Security Policy Maria Kalas stated that Russia's claims of recent attacks on key Russian government facilities in Ukraine are a deliberate attempt to divert attention. Moscow is trying to undermine the actual progress made by Ukraine and its Western partners in the peace process. Kalas emphasized that since the outbreak of the Russia-Ukraine conflict, Russia has indiscriminately attacked Ukrainian infrastructure and civilians, and its baseless accusations should not be accepted by anyone.

On December 31st, the Ministry of Housing and Urban-Rural Development released the "Opinions on Improving Housing Quality." The document proposes improving industrial support. It encourages real estate development companies and construction engineering companies to transform into integrated providers of "good housing," streamlining the industrial chain from R&D, design, production, construction, decoration, operation and maintenance, to services, and cultivating new productive forces in the industry. It also calls for selecting regions with a certain foundation to create industrial clusters covering multiple fields such as building materials, home furnishings, and home appliances, innovating product systems and service models. Furthermore, it advocates conducting pilot projects to cultivate new growth points in green building, accelerating the upgrading of green building standards, and driving the healthy development of upstream and downstream industrial chains. Finally, it emphasizes improving the standardization and serialization of building components and parts, gradually establishing a professional, large-scale, and information-based production system based on standardized components.

On December 31st, the Ministry of Housing and Urban-Rural Development released the "Opinions on Improving Housing Quality." The document proposes developing new construction methods. It calls for accelerating the deep integration of the construction industry with advanced manufacturing technologies and next-generation information technologies, and promoting intelligent construction, green construction, and prefabricated decoration on a larger scale. It also calls for expanding the application scenarios of digital technologies in engineering, promoting the application of Building Information Modeling (BIM) technology throughout the entire process of housing design, construction, and operation, and promoting the application of intelligent construction equipment. Furthermore, it emphasizes accelerating the reduction and resource utilization of construction waste. New urban housing should be fully constructed as green buildings, increasing the proportion of high-star green buildings. The document also promotes energy conservation and carbon reduction in building operations, strengthens the management of building energy efficiency quotas, establishes a building energy efficiency rating system, and compiles carbon emission statistical accounting standards. Finally, it promotes the electrification of building energy use, conducts pilot projects for building-integrated photovoltaics, strengthens the utilization of renewable energy, and accelerates the transformation of building energy consumption structure.

On December 31st, the Ministry of Housing and Urban-Rural Development released the "Opinions on Improving Housing Quality." The document proposes enhancing architectural design standards. It calls for rationally planning the spatial layout of residential communities and reserving appropriate space for future public service facilities. It guides designers to conduct refined and integrated housing designs based on living functions, safety, performance, quality, and experience, optimizing unit designs, improving functional zoning, rationally planning circulation, improving lighting and ventilation, and enhancing indoor space utilization and living comfort. It encourages construction and design units to consider the needs of different groups, developing and designing housing products that are fully functional, rationally laid out, convenient, and comfortable to meet diverse living needs. It promotes technologies such as separating the main structure from the pipeline system, variable partitions, and same-floor drainage to improve housing durability and adaptability. It also promotes design methods based on artificial intelligence and strengthens integrated collaborative design across all disciplines.

According to Hong Kong Stock Exchange documents, Husong Technology Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.

On December 31, Evergrande Auto (00708.HK) announced that the Group continues to explore methods for managing its cash resources, including the sale of its non-core assets to support its operations. Meanwhile, several of the Company's subsidiaries are facing bankruptcy liquidation proceedings. In the past three months, several courts have issued orders appointing administrators and/or approving bankruptcy reorganization plans for some of these subsidiaries. At the Company's request, trading in the shares on the Main Board of the Stock Exchange of Hong Kong has been suspended from 9:00 a.m. on April 1, 2025, and will remain suspended until further notice.