The three major indices of A-shares showed mixed results in early trading. As of the midday break, the Shanghai Composite Index rose 0.21%, the Shenzhen Component Index fell 0.25%, and the Chinext Price Index declined 0.2%. Additionally, small-cap stocks underperformed, with the micro-cap index down 5.38%. The total market turnover at midday was 998.7 billion yuan, an increase of 77.9 billion yuan from the previous day, with over 4,500 stocks in the entire market declining.

On the market, banking stocks surged, with the Industrial And Commercial Bank Of China rising over 3% to reach a new high, with a market cap exceeding 2.4 trillion yuan. Agricultural Bank Of China and China Construction Bank Corporation also reached new highs. Cultivated diamond concept stocks soared, with Power Diamond and Henan Huanghe Whirlwind hitting the daily limit. A research team from Peking University made significant breakthroughs in the field of diamond thin film material preparation and applications. AI application stocks continued to fall, with cultural media and short drama game sectors leading the declines; Guangdong Guangzhou Daily Media, Visual China Group, and TVZone Media all hitting the daily limit. The Internet E-commerce Concept adjusted, with Guangxi Xinxunda Technology Group falling over 12%, and Nanji E-Commerce and Shanghai Lily&Beauty Cosmetics both down over 9%. Real estate stocks broadly declined, with RongFeng Holding Group hitting the limit down to reach a two-month low, while Langold Real Estate and Zhongtian Service fell over 9%.

Banking stocks surged, with the Industrial And Commercial Bank Of China rising over 3% to reach a new high.

The Industrial And Commercial Bank Of China rose over 3%, reaching a historic new high, with a market cap exceeding 2.4 trillion yuan. Agricultural Bank Of China and China Construction Bank Corporation also reached new highs, while Bank Of Jiangsu achieved a stage new high. CITIC SEC's Research Reports suggest that after significant meetings in December, the market's policy contention will ease, and within the framework of large asset configurations in RMB, banking stocks will remain a strong direction of certainty. The end of the year and the beginning of the year will enter the season for increasing allocations for Insurance, with banking varieties expected to remain the direction for increased allocation due to high dividends, low volatility, and stable operations.

Cultivated diamond concept stocks soar, Lili Diamond hits the daily limit.

Lili Diamond and Henan Huanghe Whirlwind hit the daily limit, Huifeng Diamond rises over 24%, Sf Diamond Co., Ltd. and Beijing Worldia Diamond Tools rise over 10%. On the news front, on December 19, Peking University Dongguan Optoelectronics Research Institute released the latest research results. The joint research team formed with Southern University of Science and Technology and the University of Hong Kong made significant progress in the preparation and application of diamond film materials, successfully developing a method for mass production of large-sized ultra-smooth flexible diamond films. This discovery marks a major leap in the field of diamond film technology, providing new possibilities for the future application of diamond films in various fields such as electronics and optics.

AI application directions continue to decline, cultural media and short drama game sectors lead the decline.

Guangdong Guangzhou Daily Media, Visual China Group, TVZone Media, and Simei Media hit the daily limit; Beijing Baination Pictures, Zhewen Interactive Group, Omnijoi Media Corporation, and Ciwen Media Co.,Ltd. all fell over 9%.

The real estate sector declines, RongFeng Holding Group hits the daily limit, reaching a two-month low.

RongFeng Holding Group hits the daily limit, creating a two-month low. Langold Real Estate and Zhongtian Service fall over 9%, Yang Guang Co., Ltd., Beijing Dalong Weiye Real Estate Development, Beh-Property, Tande Co., Ltd. and other stocks fall over 5%.