China's railway department on Sunday implemented a new train timetable for railways across the country, after which 13,028 passenger trains are scheduled, 230 more from the previous one.
After the adjustment, cross-border trains increased significantly, with the number of daily cross-border EMU trains on the Guangzhou-Shenzhen-Hong Kong High-Speed Railway increasing to 242.
The new timetable also strengthened the link between mainland and Hong Kong. For the first time, EMU trains from Xi'an North Station, Wuhan Station, and Jieyang Station to Hong Kong West Kowloon Station were put into operation. The round-trip travel time of high-speed trains and EMU sleeper trains between Beijing West and Hong Kong West Kowloon was shortened by 33 minutes and 59 minutes respectively.
The running time of trains heading south from north has been greatly shortened under the new timetable. For example, the fastest time between Hohhot, capital of the Inner Mongolia Autonomous Region in north China, and Chengdu in southwest China's Sichuan Province will be shortened to 10 hours and 43 minutes, about 13 hours shorter than before.
"We will upgrade 10 pairs of high-speed trains, including the G920 from Shenyang to Beijing and the G3603 from Changbaishan station to Beijing's Chaoyang station, into Fuxing intelligent EMUs, which will provide a more comfortable and quieter riding environment," said Guo Shuang, a staff member of the National Railway Shenyang Bureau.
After the adjustment, the total number of freight trains running on railways nationwide will reach 22,859, an increase of 91 from before, to ensure the transportation of key materials during the Spring Festival travel rush.
Additional freight trains will run on multiple railways linking Lanzhou in northwest China's Gansu Province to improve the transportation capacity of coal from Xinjiang. The total number of freight trains for direct bulk delivery will exceed 400, providing strong support for winter energy supply and the smooth operation of the national economy.
China updates train timetable for railways across country
China's stock market demonstrated robust performance in 2025 with new records in various sectors.
Against the backdrop of global liquidity easing and evolving industrial policies, the A-share market experienced a landmark year. Multiple key metrics - including total market capitalization, trading volume, as well as margin trading and short selling balances - achieved historic breakthroughs, demonstrating remarkable vitality and resilience.
In terms of overall performance, as of Dec. 31, 2025, the total market capitalization of A-shares reached approximately 118.91 trillion yuan, marking a net increase of 25.30 trillion yuan from the year's opening level of 93.61 trillion yuan. This represents a growth rate of 27.03 percent, according to data from financial information provider Wind.
In 2025, major A-share indices extended their annual gains compared to 2024.
On Dec. 31, 2025, the Shanghai Composite Index stood at 3,968.84 points, marking an annual increase of 18.41 percent - the largest annual gain since 2020. The Shenzhen Component Index rose 29.87 percent for the year, while the ChiNext Index surged 49.57 percent. The Beijing Stock Exchange 50 Index recorded an annual gain of 38.80 percent, while the STAR Market 50 Index rose 35.92 percent for the year.
As major indices rose, market trading activity intensified. Throughout 2025, the A-share market recorded a total trading value of approximately 420 trillion yuan, marking a growth of over 60 percent compared to the previous year and nearly doubling the 2023 annual value. It also marked the first time in history that the annual trading value surpassed the 400 trillion yuan threshold.
The margin trading and short selling scale in the A-share market expanded rapidly in 2025. As of the year end, the outstanding margin trading and short selling balance in the A-share market increased by 690.7 billion yuan during the year to reach 2.5 trillion yuan, setting a new historical high.
Notably, the growth in the balance was primarily driven by the increase in the financing balance. Although the short selling balance also increased in 2025, its cumulative growth for the year was less than 10 billion yuan, with the absolute value of the short selling balance remaining at a low level in recent years.
As market sentiment continued to heat up, major sectors in the A-share market saw increases. Key industry sectors rose to varying degrees, with over half posting annual increases exceeding 30 percent.
Boosted by sharp rises in precious metal prices, the nonferrous metals sector delivered standout performance throughout 2025. Defense and military, telecommunications, machinery and equipment, automotive, power equipment, and electronics sectors also ranked among the top annual gainers. Sectors like food and beverages, coal, and banking showed relatively weaker annual performance but still managed modest gains.
Against the backdrop of a broad market rally, individual stocks also rose, with many delivering standout performances. Data indicates that over 4,200 A-shares saw price increases in 2025, accounting for more than three-quarters of the total. Specifically, after excluding newly listed stocks, over 500 A-shares still doubled in value, with more than 100 stocks achieving annual gains exceeding 200 percent.
China's stock market demonstrates strong performance with multiple new records in 2025
