This morning, the A-shares opened quite steadily. The Shanghai Composite Index hovered in the positive territory, while the ChiNext Index rose even more sharply, directly surpassing 1%. The computing power hardware sector is picking up again, commercial aerospace is also gaining momentum, and the brokerage sector continues to see activity. Fujian local stocks are also quite lively. However, resource stocks like coal, oil & gas, and precious metals are underperforming, and the phosphorus chemical sector is also trending downward. Overall, the number of gainers is greater than the losers, with more than 2,800 stocks in Shanghai, Shenzhen, and Beijing markets combined showing gains. In the first half hour after the market opened, turnover reached 67.58 billion yuan, over 17 billion more than the same time yesterday, with a clear increase in trading volume.

The CPO concept surged again today. Dongtian Micro rose more than 10% and hit a record high, while Tianfu Communication, Tengjing Technology, and Yuanjie Technology also followed higher. According to a brokerage research report, current AI computing power demand is extremely strong, and global optical modules are upgrading to 800G and 1.6T. Optical isolators are a core component in optical modules for protecting lasers, but the upstream Faraday rotators are in tight supply worldwide, becoming a bottleneck and limiting production capacity expansion.

Financial stocks have performed well over the past two days. Industrial Securities hit the limit-up, Ruida Futures achieved two consecutive limit-ups, and Northeast Securities, BOC Securities, and Huatai Securities are also moving higher. Regulators have released some positive signals, stating that they will strengthen classified supervision, optimize evaluation metrics for high-quality institutions, moderately relax capital and leverage limits, and improve capital utilization efficiency.

Fujian local stocks remain actively traded. Anjoy Foods has achieved five consecutive limit-ups, Shuhua Sports three consecutive limit-ups, Fujian Jinsen two consecutive limit-ups, with Dongbai Group and Haixia Innovation also rising. On the news side, the "Fujian Province Private Economy Promotion Ordinance" was passed on November 27 and will take effect on January 1 next year.

The commercial aerospace concept continues last week's strong momentum. Shunhao Co. hit a one-word limit-up, achieving six limit-ups in seven days; Longzhou Co. is on a four-day streak, and Western Materials has two consecutive limit-ups. Over the weekend, there were two satellite launches—on December 6 in Hainan, the Long March 8A rocket launched 14 groups of low-orbit satellite internet satellites; on December 5 in Jiuquan, the Kuaizhou 1A launched traffic VDES satellites A and B. This round of news has boosted sentiment in the sector.

The solid-state battery sector strengthened during the session, with Liyuanheng leading the gains, up more than 15%. Recently, Liyuanheng signed a strategic cooperation agreement with Sweden’s Quintus to jointly develop solid-state battery isostatic pressing equipment and promote industrialization. Naco Nor, Xianhui Technology, and Defu Technology also rose.

The memory chip sector is also moving higher amidst fluctuations. Chengbang Co. hit the limit-up, Maiwei Co. rose more than 10%, and Demingli, Baiwei Storage, and Jiangbolong also performed well.

On a side note, while it appears on the surface that fund manager salaries are being restricted, the actual effect is an acceleration of the herd phenomenon. The recent performance of the CPO concept is a typical example, with capital becoming increasingly concentrated.