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Tide News | Piaget’s “Elegant and Unrestrained”限时体验展 has opened, Buccellati’s heritage exhibition has commenced, A. Lange & Söhne’s Shanghai flagship store has reopened, and Henglong has signed a commercial project agreement for No. 1038 Nanjing West Road
The Piaget 'Elegance Unleashed'限时体验展 features an immersive high jewelry exhibition alongside the newly unveiled boutique.
Mainland property stocks surged sharply in the afternoon, with Vanke leading the rally. It was reported that Vanke would discuss the extension of its bond maturities today.
Notably, the meeting of holders to deliberate on this proposal was convened today. According to reports, a broker representative stated that this creditors' meeting is crucial for Vanke's relief efforts.
Express News | Mainland property stocks listed in Hong Kong performed strongly, with China Jinmao, Radiance Holdings, and Vanke Enterprise surging over 9%, Sunac China rising more than 7%, and Agile Group Holdings gaining over 6%.
China Index Academy: In November, the total number of units opened by the TOP30 enterprises in the scale ranking increased to 1.409 million.
As of November 2025, the total number of operational units among the TOP30 companies has increased to 1.409 million, while the total number of managed units has grown to 2.007 million.
Related to A-shares! Goldman Sachs: Adjustments to multiple FTSE Russell index constituents will trigger US$850 million in capital flows.
①FTSE Russell announced the review and changes for the FTSE China 50 Index, which will take effect on December 19, 2025; ②Goldman Sachs estimates that this change will trigger over US$850 million in fund flows, with significant passive investment inflows expected for companies in sectors such as metal producers and healthcare.
Who is swimming naked as the tide goes out? Goldman Sachs warns: severe oversupply will cause aluminum, lithium, and iron ore prices to plummet by 2026, with only copper prices standing strong.
Since the beginning of this year, driven by macro tailwinds such as expectations of interest rate cuts by the Federal Reserve, the depreciation of the US dollar, and improved growth prospects in China, prices of industrial metals have surged across the board. On Wednesday, copper prices even briefly hit a new all-time high of $11,540 per ton. According to Wind Trading Platform, Goldman Sachs issued a warning in its December 3 report: This tide fueled by speculative sentiment is about to recede, and aside from copper, the industrial metals market is set to face significant oversupply. Copper (Bullish): Although the recent breakout above the historical level of $11,000 per ton is unsustainable, copper remains Goldman Sachs' "metal of choice." This is due to demand from power grids and AI infrastructure.