Shanghai Stock Exchange: This week, special attention will be paid to stocks with abnormal fluctuations and delisting risks such as *ST Zhengping, *ST Yazhen, as well as stocks with significant fluctuations such as Hefu China and Tianpu shares.

From December 1st, 2025 to December 5th, 2025, the Shanghai Stock Exchange took self-regulatory measures against 121 cases of market manipulation, false declarations, and other abnormal trading activities. They issued warnings on delisting risk for stocks like *ST Zhengping and *ST Yazhen with abnormal fluctuations, and closely monitored stocks with large fluctuations such as Hefu China and Tempus Holdings. They conducted special inspections on 25 listed companies' major events, and reported 8 cases of suspected illegal activities to the China Securities Regulatory Commission.