**Pre-Market Highlights** 1. **Lithium Iron Phosphate Industry Plans Collective Price Hike; Analysts Say Supply-Demand Turning Point Reached** *Type: Industry Sentiment | Impact: Positive* Reports indicate a collective price hike in the lithium iron phosphate sector, with multiple leading firms issuing clear price increase notices to customers. Longpan Technology confirmed its sales team is actively negotiating price adjustments with clients. Kaiyuan Securities notes robust demand for energy storage, signaling a supply-demand inflection point in the lithium battery industry.

2. **NDRC Director Zheng Shanjie: "Extraordinary Measures" to Breakthrough in Core Tech R&D** *Type: Macro Sentiment | Impact: Positive* National Development and Reform Commission (NDRC) Director Zheng Shanjie emphasized accelerating high-level self-reliance in technology and fostering advanced productive forces. He called for "extraordinary measures" to achieve decisive breakthroughs in key core technologies across critical sectors, alongside strengthening domestic circulation and boosting consumption.

3. **Deputy Director of Central Financial Office Wang Jiang: Enhance Listed Firms’ Dividend Stability and Predictability** *Type: Macro Sentiment | Impact: Positive* Wang Jiang, Deputy Director of the Central Financial Office, advocated for a healthier capital market by improving regulatory adaptability and ensuring stable, sustainable, and predictable dividends from listed companies. He stressed rigorous risk management and high-quality financial development to advance China’s financial strength by the "15th Five-Year Plan" period.

4. **NVIDIA CFO Interview: OpenAI’s $100B Deal Not Finalized; Leadership Gap "Absolutely Not Narrowing"** *Type: Corporate Sentiment | Impact: Positive* NVIDIA CFO Colette Kress clarified that the $100B collaboration with OpenAI remains at the letter-of-intent stage and is excluded from current revenue guidance. She asserted NVIDIA’s lead in AI chips is "absolutely not narrowing," projecting FY2025 revenue between $350B-$400B based on demand.

**Investment Calendar** French President Macron’s visit to China.

**Institutional Views** - **East Money**: Year-end rallies may start early amid weak markets; focus on semiconductors and energy storage. - **Cinda Securities**: Policy front-loading could advance spring rally timing, with liquidity improvements likely in Q1 2025. - **Huaxi Securities**: Market remains range-bound; prioritize themes like commercial aerospace and AI applications tied to the "15th Five-Year Plan."

**Key Market Themes** 1. **Amazon Unveils Faster, More Efficient AI Chip, Challenging Google and NVIDIA** *Type: Market Buzz* Huaxin Securities highlights the rise of domestic AI chips, with full-industry chain integration from advanced manufacturing to AI model upgrades by tech giants like ByteDance, Alibaba, and Tencent.

2. **Five Ministries Push Data Element Disciplines and Digital Talent Development** *Type: Policy Focus* Shanghai Securities notes accelerated policy rollout for data elements, emphasizing public data governance and cross-border opportunities in sectors like authorized data operations and "Data Element X."

3. **First Regional Ice-Snow Industry Regulation Released as Winter Tourism Heats Up** *Type: Market Buzz* Jianghai Securities sees vast potential in ice-snow industries, with seasonal demand and policy support benefiting related listed firms.

**Corporate Announcements** - *Positive*: - Xi’an Yicai to invest ¥12.5B in Wuhan silicon materials base. - Wasion Information wins three power projects totaling ¥65.33M. - Design Institute secures 17 contracts worth ¥251M. - *Negative*: - Guomai Culture reports ~¥40M loss on film investments. - Tianfu Communications executives plan to sell up to 475K shares. - Daming City’s controlling shareholder has 10.13% shares frozen.

**Global Markets** Bitcoin and tech stocks rebounded, lifting U.S. indices slightly (Intel +8%). Optical comms star Acacia surged 10.12% to a record high, while the Nasdaq Golden Dragon China Index dipped 0.65%.