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According to Golden Ten Data on January 2, Jens Naervig Pedersen, a foreign exchange and interest rate strategist at Danske Bank, stated in a report that global market liquidity is expected to remain light this week but may rebound next week. The strategist pointed out: "Looking ahead, as more economic data is released, market liquidity should improve next week." Key data next week includes important U.S. labor market figures, such as the December non-farm payrolls report to be released on January 9 and the ISM survey. During the year-end period, many market participants take vacations or close positions, which usually results in lower market liquidity.

1. The Big Short's Michael stated at the beginning of the month that Tesla's "valuation is ridiculously high," but said he has not shorted it. 2. China Passenger Car Association: From December 1 to 28, national retail sales of new energy passenger vehicles reached 1.192 million units, a year-on-year increase of 5%. 3. Tesla has significantly reduced electric vehicle prices in South Korea, with the maximum reduction reaching $6,490. 4. Tesla's global Supercharger network has surpassed 75,000 units, delivering a record-high 6.7 TWh of electricity throughout 2025. 5. Xiaomi Auto responded to the removal of some YU7 configurations: optimizing production processes, with no impact on after-sales service. 6. National standards for automotive solid-state batteries are soliciting public opinion, and the term "semi-solid-state battery" has been removed. 7. JCET's automotive-grade chip packaging and testing factory has started production lines, accelerating mass production and product introduction. 8. Chery once again denied cooperation with Dreame: both parties have not signed a cooperation agreement. 9. Shanghai: In 2026, the purchase of non-operational new energy vehicles will be granted a dedicated license quota free of charge. 10. Heilongjiang: New energy vehicles can receive a subsidy of up to 15,000 yuan, and digital products can receive a subsidy of up to 1,500 yuan. 11. EVE Energy: The 21GWh large cylindrical passenger car power battery project has been postponed to December 31, 2027. 12. Lithium battery industry prices are rising across the board: reports indicate that the shortage of power batteries has eased, but energy storage batteries remain scarce.

According to Golden Ten Data on January 2, Industrial Securities pointed out that the Hong Kong stock market will continue its bull market trend in 2026, with the market rhythm resembling a "torch climbing a mountain"—rising with fluctuations. The main investment themes will focus on "growth momentum aggregation + value restructuring dividends." From a fundamental perspective, the net profit year-on-year growth rate of Hong Kong Stock Connect constituent stocks is expected to reach 7.3% in 2026, with sectors such as information technology, consumer discretionary, and healthcare leading in growth rate. Profit improvement will provide solid support for the market. Additionally, the dual returns of "asset appreciation + exchange gains" brought by the appreciation of the RMB will further attract global capital back to Hong Kong stocks, driving valuation recovery to deeper levels.