► Bureau of Statistics: In August, CPI fell by 0.4% year-on-year and remained unchanged month-on-month. Among them, food prices rose by 0.5%. On the same day, pork prices fell by 16.1%, affecting the CPI decline by about 0.24 percentage points; PPI fell by 2.9% year-on-year, and remained the same month-on-month.
► Six departments including the Ministry of Industry and Information Technology: jointly deployed a special rectification campaign for network chaos in the automobile industry to improve the quality and efficiency of network chaos in automobile enterprises, urge enterprises to standardize marketing and publicity behavior, create a good public opinion environment, and escort the high-quality development of the automobile industry. The key issues to rectify mainly include: illegal profit making, exaggeration, false propaganda and malicious slander attacks.
► Canalys:In the first half of the year, In the first half of the year, the shipment of wearable wristband equipment in mainland China reached 33.9 million units, a year-on-year increase of 36%, and continued to rise strongly after a 33% increase in the second half of 2024. This growth trend hit a record high in the first half of the year's shipments of wearable wristband equipment market in mainland China.
Macroeconomic
1. Xinhuanet:Ali’s Gaode Map announced the launch of the first list of “Gaode Street Sweeping List” based on user behavior. Gaode Map covers more than 7 million restaurant locations across the country, and navigates to 13 million life service destinations. Gaode Street Sweeping List hopes to create a healthy ecosystem, indicating that it will never be commercialized. At the same time, the "Fireworks Good Store Support Plan" was launched, and users were encouraged to spend in the store by issuing subsidies of more than 1 billion yuan.
2. Southern Finance:The Animal Husbandry and Veterinary Bureau of the Ministry of Agriculture and Rural Affairs plans to hold a symposium on pig production capacity regulation enterprises on September 16, and 25 leading enterprises attended the meeting. The meeting will analyze and judge the current pig production situation, exchange measures and achievements for pig breeding enterprises to implement production capacity regulation requirements, and study and deploy pig production capacity regulation work in the second half of the year and next year.
3. China National Offshore Oil Corporation:The cumulative carbon sequestration volume of my country's first offshore carbon dioxide sequestration demonstration project located in the Pearl River Estuary Basin exceeded 100 million cubic meters, marking that my country's offshore carbon dioxide sequestration technology, equipment and engineering capabilities have matured. It is of great significance to accelerating the achievement of the national "dual carbon" goal and achieving green and low-carbon transformation in the economy and society.
4. CCTV News Client:World Cultural Heritage Application News frequently reported good news, Beijing Central Axis, Xixia Tombs, etc. were included in the World Heritage List, and the total number of Chinese World Heritage Sites reached 60. During the 14th Five-Year Plan period, my country has carried out the protection and restoration of 6 cultural relics and monuments in four countries including Cambodia; 49 joint Chinese and foreign archaeological projects involving 28 countries and regions are steadily advancing.
5. South Korea: will establish a public-private joint venture fund of 150 trillion won, and invest in high-tech industries such as AI, chips, robots, biopharmaceuticals, national defense, future automobiles and batteries. The initial planned scale was 100 trillion won.
Real Estate News
1. China Securities Finger Academy: August, The average price of second-hand residential properties in 100 cities fell by 0.76% month-on-month and 7.34% year-on-year;The average price of second-hand residential properties in the top ten cities fell by 0.59% month-on-month and 4.90% year-on-year, and the year-on-year decline narrowed by 0.19 percentage points.
2. The Paper: Shenzhen Huangting Plaza, with a starting price of over 3 billion yuan, was eventually sold out. The appraisal price of the subject matter for the foreclosure is approximately 4.361 billion yuan, and the starting price is approximately 3.052 billion yuan, which is equivalent to a 30% discount on the appraisal price. The auction attracted more than 47,000 people to watch, and only one person signed up, but it was eventually lost.
3. CCTV News Client:my country continues to improve the level of facilitation of real estate registration, realizes "cross-provincial handling" of mortgage registration and other businesses, and realizes "full-line handling" of high-frequency registration services in key areas such as the Yangtze River Delta; ""Only hand over the house and the certificate is submitted" covers more than 2,200 counties and cities, and resolves more than 15 million historical problems that affect house registration.
Stock Market Stocks
1. On Wednesday, the Shanghai Composite Index was 3812.22 points, with a 0.13% increase, with a turnover of 821.114 billion. The Shenzhen Component Index was 12557.68 points, up 0.38%, with a turnover of 1157.09 billion. The ChiNext Index was 2904.27 points, up 1.27%, with a turnover of 567.253 billion. Overall, the number of stocks rising and falling stocks in the entire market is basically the same, with the turnover of the two markets being 1.98 trillion yuan, a decrease of 140.4 billion yuan from the previous trading day. On the market, oil and gas, film and television, theaters, computing power and hardware sectors ranked among the top in the growth rate, while battery, non-ferrous metals, wind power sectors ranked among the top in the decline.
2. On Wednesday, the Hang Seng Index rose 1.01%, at 26,200.26 points. Hang Seng Technology Index rose 1.27%, to 5902.69 points. State-Enterprise Index rose 0.93%, at 9328.16 points. On the market, the semiconductor sector has recovered well, and Kewang stocks continued to have strong yesterday, film and television stocks ranked among the top gainers, and lithium mining stocks and new consumption concepts have rebounded significantly. Southbound funds net purchases of HK$7.566 billion. Among them, the Hong Kong Stock Connect (Shanghai) net purchase was HK$2.536 billion, and the Hong Kong Stock Connect (Shenzhen) net purchase was HK$5.03 billion.
3. As of September 10, there were 275 listed companies on the Beijing Stock Exchange, with no new additions on the same day. The total market value is 925.895 billion yuan and the transaction amount is 26.116 billion yuan.
4. Financing balance of the two markets:As of September 9, the financing balance of the Shanghai Stock Exchange was 1171.039 billion yuan, an increase of 4.78 billion yuan from the previous trading day; the financing balance of the Shenzhen Stock Exchange was 1124.758 billion yuan, an increase of 1.138 billion yuan from the previous trading day; the total of the two markets was 2295.797 billion yuan, an increase of 5.918 billion yuan from the previous trading day.
5. Zhuimi Technology: Starting from the end of next year, several of its businesses will be IPOed in batches on exchanges around the world. At present, each business company has separate IPO plans.
6. Goldman Sachs: In August, global hedge funds' net buying in China hit a new high since September last year; hedge funds' gross position in China reached a new high in two years. Global hedge funds' Chinese stock positions rose 76 basis points to a two-year high.
7. Cambrian:The 2025 semi-annual performance briefing will be held on September 18. Investors can send questions to the company's investor relations email before 16:00 on September 17 or ask questions in the pre-collected column of the Shanghai Stock Exchange Roadshow Center website.
8. Haoen Automobile Electric:The cooperation between the company and Nvidia is to jointly develop the robot brain control system. Both parties will jointly break through the development of the robot's "big and big brain" development, and create a new era of general robots and physical AI.
9. Cathay Haitong: has been approved by the China Securities Regulatory Commission to issue subprime corporate bonds of no more than 30 billion yuan.
10. Zhejiang Rongtai:The company's business sales in the field of robot parts are small, accounting for an extremely low proportion.
11. Zhiwei Intelligence: launches the Zhiqing series product line for robot brain domain controllers. Provides a variety of AI computing power options to meet customers with different computing power needs.
12. Zhujiang Co., Ltd.: intends to sell its holdings of 8.686 million Yibai Pharmaceuticals, 970,600 Oreide, 7716 China Ping An shares, and 4.7122 million Erkang Pharmaceuticals. Estimated revenue exceeds last year's net profit by 50%.
13. Goldwind Technology:It plans to invest about 18.92 billion yuan in wind power to build a wind power hydrogen-based amino alcohol project. The overall project is planned to build 3GW of wind power, and more than 80% of the power generated is used to electrolyze water to make green hydrogen.
14. Trina Solar:The holding subsidiary signed a 2.48GWh energy storage sales contract with three customers in China, Latin America and Asia-Pacific regions. This is the first GWh-level network-based project won in the overseas market.
15. Heavy Pharmaceutical Holdings:'s subsidiary drug Praguere Hydrochloride Tablets has been approved for clinical trials, adapting to prevent thrombosis in patients with acute coronary syndrome, stable angina pectoris, and old myocardial infarction after percutaneous coronary intervention. Currently available in more than 70 countries and regions around the world.
16. Dongyangguang: intends to jointly increase the capital of the joint venture with related parties to acquire 100% of Qinhuai Data China's equity. The transaction price is 28 billion yuan.
17. Shoukai Shares (6 consecutive boards): As of the end of June, the balance of interest-bearing liabilities due within one year was 18.571 billion yuan.
18. Tianjin Stocks (11 consecutive boards): abnormal fluctuations in stock trading, suspend trading again for verification. In addition, there is uncertainty about the change of the company's control, the acquirer has no asset injection plan, and the acquisition funds have not yet been in place.
Increase and reduce holdings
19. Top Group:The actual controller and its joint actors have recently reduced their holdings by 13.43 million shares, accounting for 0.7728% of the company's total shares.
20. Lanqi Technology: China Power Investment Corporation and its joint actors and Zhuhai Rongying plan to reduce their holdings by no more than 2% of the company's shares in total.
21. BYD: senior management and core personnel increased their holdings of a total of 488,200 shares of the company, and the total amount of increase was 52.3278 million yuan.
Wealth Focus
1. CCTV.com:At present, my country's short drama products have covered more than 200 countries and regions around the world, and are becoming a new growth point in the global digital content field. There are two main ways to go overseas for short dramas: one is to directly translate domestic short dramas into foreign languages and broadcast on overseas platforms; the other is to adapt the scripts localized abroad, produced and filmed in China, and exported overseas.
2. Douyin:Recently, the platform has noticed that Labubu-related products have problems such as fake goods, false propaganda, malicious hype, and after-sales disputes in a few live broadcast rooms and stores. As of September 10, a total of more than 200 illegal merchants and more than 600 illegal experts have been cleared, and all related products have been cleared out of the Douyin Mall Selected Alliance.
3. Li Xunlei, chief economist at China-Thailand International: Overall, there is still a certain undervaluation of A-shares compared with other markets. From the perspective of valuation alone, it should be said that there is still room for improvement. The overall peace in the decades since World War II has been driven by debt, and the United States, Japan and the European Union are all borrowing. The increase in debt will inevitably lead to over-issuance of currencies, which is beneficial to gold. If interest rate cuts occur next, it will further drive the price of gold.
Industry Observation
1. China National Radio:my country's GDP has exceeded 10 trillion. my country has become one of the countries with the most complete categories of marine industries. my country already has all 15 major marine industries, with large scale and good momentum. The total output of marine aquatic products ranks first in the world for 36 consecutive years.
2. Securities Times:The market size of my country's imported health food will exceed 430 billion yuan in 2025. Krill oil has performed outstandingly as a sub-category. In addition to being a health product, its value in marine biomedicine is also being continuously explored, and the scale of the industry continues to grow.
3. China Radio International:Recently, cases of chikungunya have been found in many regions of my country, posing a threat to public health. In order to solve the key problem of lack of a unified "rule" for virus detection and further improve the early monitoring and identification capabilities of the epidemic, my country has successfully developed four standard virus substances.
4. CCTV News Client:The State Council’s approval on the construction of the new Huangyan Island National Nature Reserve, Agrees to build the new Huangyan Island National Nature Reserve. The establishment of the Huangyan Island National Nature Reserve is an important guarantee for maintaining the diversity, stability and sustainability of the Huangyan Island natural ecosystem.
5. Ministry of Natural Resources:my country's oil, gas and uranium mines have achieved major breakthroughs in mineral exploration. The deep water in the deep basin and deep sea areas have become the main base for oil and gas reserves to increase production, supporting stable oil production of 200 million tons, and natural gas production has exceeded 240 billion cubic meters; several large uranium deposits have been newly discovered, effectively improving the level of security guarantee for uranium resources.
6. China Textile Import and Export Chamber of Commerce: From January to July, the overall textiles used in my country remained stable, with a total export of US$18.95 billion, a slight decrease of 0.09% year-on-year. The top five markets in my country's textile export are the United States, the European Union, ASEAN, Japan and Australia.
7. Omdia:The number of smartphone lenses is showing a downward trend. In the second quarter, smartphones shipped with an average of 3.19 cameras were equipped with a lower than 3.37 in the same period last year. This data includes both front and rear cameras. Since most phones still use single front lenses, the decline is mainly due to the decrease in the number of rear cameras.
8. IDC:The total investment in global big data IT in 2025 will be approximately US$413.4 billion, and is expected to exceed US$749.7 billion in 2029, with a five-year compound growth rate (CAGR) of approximately 16.4%. It is estimated that China's big data IT expenditure in 2029 is expected to be US$73.02 billion, accounting for about 10% of the world, ranking first in the world in terms of growth rate.
9. TrendForce:The second quarter, benefiting from the growth of pure electric vehicle sales, the global installed capacity of electric vehicle traction inverters reached 7.66 million units, an annual increase of 19%. Analysis of power mode, the installed capacity of BEV is 52%, ranking first again after the first quarter of 2024.
Company News
1. Interface News:At present, Foxconn Zhengzhou Port Area is in the period of mass production of iPhone 17 series products. As the scale of production gradually expands, the demand for manpower in the factory continues to rise. In the production workshop, nearly 200,000 workers implemented a two-shift system, screwing screws, filming, and assembling parts.
2. China News Service:7-Eleven Japanese company introduced a robot designed to save manpower for testing at a convenience store in Arakawa District, Tokyo. The robot replenishes bottled and canned alcohol to the shelves instead of employees, and is also responsible for cleaning the floors and windows. 7-Eleven is also testing the use of automated robots to provide door-to-door delivery services in some areas.
3. NIO: announced that it plans to issue 181.8 million Class A common shares, including the issuance of American Depositary Shares ("ADS"). Currently, it plans to invest in the research and development of core technologies of smart electric vehicles, develop its brand's future technology platform and models, and expand its battery replacement and charging network.
4. First Financial News: It is reported that Microsoft will introduce Anthropic's AI technology into the Office 365 suite. This move marks the official end of Microsoft's exclusive dependence on ChatGPT developer OpenAI in the field of office software.
5. First Financial News:Apple officially released an iPhone Air that only supports eSIM. China Telecom's eSIM mobile phone business is fully ready.It is expected that after receiving the official approval of the commercial trial of the Ministry of Industry and Information Technology in the near future, eSIM mobile phone business processing services, including iPhone 17, will be opened to users soon.
Global Vision
1. CCTV News Client: In August, the United States imported 301,000 bags of coffee from Brazil (60 kilograms per bag), a year-on-year decrease of 46% and a month-on-month decrease of 26%; at the same time, Germany imported 414,000 bags of coffee from Brazil that month, replacing the United States as the largest overseas market for Brazilian coffee that month.
2. US Department of Labor:From April 2024 to March this year, there were 911,000 fewer new jobs in the United States than the initial statistics, Shows that the actual performance of the US job market is weaker than previous data shows.
3. Xinhuanet:Iran reached an agreement with the International Atomic Energy Agency to resume cooperation between the two sides on the Iranian nuclear issue.
Financial Data
Domestic
1. New Third Board: On September 10, a total of 6,016 companies were listed, with no new additions on the day, with a transaction amount of 246 million yuan. The third-board index rose 0.16%, with a turnover of 194 million yuan.
2. Domestic commodity futures:As of the closing of the afternoon of September 10, most of them closed down, lithium carbonate fell nearly 5%, polycrystalline silicon fell more than 4%, palm oil fell more than 2%, soybean oil, coking coal, soybean, glass, and urea fell more than 1%. In terms of increase, industrial silicon, liquefied gas and fuel oil rose by more than 1%.
3. Treasury bonds: On September 10, the main contract of 2-year treasury bond futures TS2512 fell 0.04% to 102.350; the main contract of 5-year treasury bond futures TF2512 fell 0.15% to 105.425; the main contract of 10-year treasury bond futures T2512 fell 0.27% to 107.490. The interest rate of 10-year treasury bonds rose 3.51BP to 1.90%; the interest rate of 10-year treasury bonds rose 5.37BP to 2.01%.
4. Shanghai International Energy Trading Center:On September 10, the international copper price in Shanghai rose, with the main contract of 2510, closing at 70,910.00 yuan/ton, up 100.00 yuan, The increase was 0.14%.
5. Central Bank: On September 10, 304 billion yuan of 7-day reverse repurchase operation was launched, with an operating interest rate of 1.40%, the same as before. As 229.1 billion yuan of 7-day reverse repurchase expired on the same day, a net injection of 74.9 billion yuan was achieved on the same day.
6. Shibor: overnight report was 1.4250%, and up 0.60 basis points. The 7-day report was 1.4490%, down 1.80 basis points. The 3-month report was 1.5530%, up 0.20 basis points.
7. RMB:online RMB closed at 16:30 against the US dollar, at 7.1221, up 0.0379%, andthe RMB mid-price was 7.1062, down 0.0760%.
8. Shanghai Environmental Exchange:On September 10, the national carbon market carbon emission quota listing agreement transaction volume was 390,436 tons, with a turnover of 23.6464 million yuan, and a closing price of 63.55 yuan/ton, down 1.4%.
Foreign
9. Asia:Nikkei 225 index rose 0.87%, at 43837.67 points. Korea KOSPI index rose 1.67%, at 3314.53 points.
10. US stocks:Dow Jones Industrial Average closed down 0.48% to 45,490.92 points; Nasdaq closed up 0.03% to 21,886.06 points; S&P 500 closed up 0.30%, at 6532.04 points.
11. Europe:UK FTSE 100 closed down 0.19% at 9225.39 points; German DAX30 closed down 0.36% at 23632.95 points; French CAC40 closed up 0.15% at 7761.32 points.
12. Gold: COMEX gold futures fell 0.08% to $3,679.40 per ounce.
13. Crude oil:WTI October crude oil futures closed up 1.66%, at $63.67 per barrel; Brent November crude oil futures closed up more than 1.65%, at $67.49 per barrel.
14. Baltic dry bulk index: up 1.59% to 2112 points.
