[Morning News Selection on October 12] 1. The Central Committee of the Communist Party of China and the State Council recently issued the "Opinions on Developing New Productivity". The opinion proposes to fully implement the "artificial intelligence +" action. Accelerate the application of new generation intelligent terminal scenarios such as intelligent connected new energy vehicles, artificial intelligence mobile phones and computers, and humanoid robots; strengthen the efficient supply of computing power, algorithms, data, etc.; vigorously promote the application of artificial intelligence in various industries; ensure that artificial intelligence is safe, reliable, and controllable. 2. The China Securities Regulatory Commission held an expert symposium on capital markets and financial situations on the 10th to listen to opinions and suggestions. Experts at the meeting suggested: continue to strengthen the construction of market stabilization mechanisms, further expand medium and long-term funding sources, channels and market entry methods, develop and expand patient capital, etc. 3. Zheng Shanjie, director of the National Development and Reform Commission, chaired a symposium on private enterprises on the 10th. Zheng Shanjie said that the National Development and Reform Commission will increase counter-cyclical adjustments, promote the early start of construction of clear major projects such as the "15th Five-Year Plan" and the "Six Networks" construction implementation plan, and stimulate the release of domestic demand potential. 4. Four departments including the Ministry of Industry and Information Technology jointly issued the "Notice on Further Strengthening the Management of Innovative Design and R&D Testing and Verification of Automotive Products (Draft for Comments)". It is mentioned that automobile manufacturers are not allowed to make false, exaggerated or misleading publicity, and are not allowed to induce drivers to ignore their safe driving responsibilities; they are not allowed to equip fully hidden door handles, and are not allowed to use folding displays, flexible displays, etc. 5. The Ministry of Finance released the "Report on the Implementation of China's Fiscal Policy in the First Half of 2026" on the 9th. It is proposed that a more proactive fiscal policy will be effectively implemented to support the all-round expansion of domestic demand. 6. The Ministry of Finance recently arranged to use local government debt balance limit of 550 billion yuan to improve counties and districts’ general public budget security capabilities and support local governments to expand effective investment. 7. The China Securities Regulatory Commission revised and issued the "Measures for the Operation and Management of Publicly Offered Securities Investment Funds (Draft for Comments)" after a lapse of 12 years. It plans to lower the threshold for the establishment of equity funds, hybrid funds, and FOF from 200 million yuan to 50 million yuan, and plans to lift the mandatory liquidation line of "200 million yuan in three years" for sponsored funds and equalize the exit conditions with ordinary funds. 8. According to dealers, wholesalers and terminal retailers in Henan, Shandong, Guangdong, Anhui and other places, overall channel inventory is still being reduced. The inventory of some interviewed wine merchants has dropped by about 10%-20% year-on-year. The turnover of large single products of famous wines is relatively fast, and some terminal inventories have been controlled within 1-2 months. 9. This week (October 12 to 16), many companies have lifted their bans. Shaanxi Energy and Jinke Co., Ltd. have the largest number of shares lifted, accounting for more than 80% of the total number of shares lifted this week. In addition, the market value of five stocks of Shougang Holdings-U, Dapuwei-UW, Jinke, Jerry Technology, and Changjiang Nengke has exceeded 1 billion yuan. 10. Yuexin Semiconductor announced that it will be listed on the GEM on October 13. 11. Luxshare Precision announced that the company and Luxshare Technology are involved in the Section 337 investigation and are still in the early stages of filing the case. Fii Industrial announced that the U.S. International Trade Commission has launched a Section 337 investigation into the company and its holding subsidiaries, involving a "vertical power supply system" patent. 12. Guanghe Technology announced that its net profit in the first three quarters is expected to increase by 100%-107% year-on-year; Jingwang Electronics announced that its net profit in the first three quarters is expected to increase by 205%-265% year-on-year; Hongfuhan announced that its net profit in the first three quarters is expected to increase by 108%-145% year-on-year; China Jushi announced that its net profit in the first three quarters is expected to increase by 100%-110% year-on-year. 13. Tianfu Communications announced in response to rumors of restrictions on overseas import and export policies: Currently, relevant policies do not restrict optical device products and do not affect the company's business. 14. The Shanghai Stock Exchange issued a supervisory letter to Dongbai Group. Dongbai Group announced on the same day that its wholly-owned subsidiary Dongbai Chuangzhi plans to acquire 52.67% of the equity of Kuailing Optoelectronics, a light detection chip company, for 316 million yuan. 15. Beibu Gulf Port announced that it plans to acquire 100% equity of Henggang Terminal, and the stock will resume trading today. 16. Xiontao Co., Ltd. announced that its solid-state battery business has not yet entered the mass production stage. 17. Harbin Pharmaceutical Co., Ltd. announced that the company’s director and president were placed on file and a lien was implemented. 18. Bohai Leasing announced that a subsidiary of its holding subsidiary Avolon plans to purchase 140 B737 MAX series aircraft from Boeing, with a total value of no more than US$26.953 billion. 19. The three major U.S. stock indexes collectively closed higher last Friday, with the Dow Jones Industrial Average rising 0.83%, the Nasdaq Composite Index rising 0.64%, and the S&P 500 Index rising 0.59%. Most popular technology stocks rose. Amazon rose by more than 3%, Microsoft and Tesla rose by more than 2%, Apple fell by more than 1%, and AMD and Intel fell by more than 2%. Popular Chinese concept stocks generally rose, with Century Internet rising nearly 7%, Li Auto, Alibaba, and Miniso rising more than 5%. 20. The airport in Riyadh, the capital of Saudi Arabia, was attacked consecutively on Saturday and Sunday, killing 12 people and injuring more than 300 people. The Houthis claimed responsibility and said the attack was a response to "Saudi aggression." Trump said the United States might consider joining a Saudi-led military campaign and changed his tune to say he would not rule out attacking Iran before the midterm elections. 21. The United States and Russia have reached an arrangement to allow Russia to export diesel. Trump said that relevant diesel will enter the global market starting this month, with a total volume of approximately 13.5 million barrels. 22. Trump said on Sunday that Russia and Ukraine agreed to implement an "energy ceasefire" immediately. Zelensky responded that Ukraine supported the arrangement, while stressing that Russia must also abide by it. 23. A University of Michigan survey showed that the U.S. consumer confidence index fell to a five-month low in October, with inflation expectations rising slightly. The United States will release CPI data for September on Wednesday. Rising gasoline prices are expected to accelerate overall inflation, but core price pressures have eased, which is expected to support the Federal Reserve's view that it will not raise interest rates this month. 24. Nvidia is in preliminary negotiations with Reflection AI, a US open weight model developer, to discuss acquiring the startup or further increasing investment. Amazon is in talks to acquire artificial intelligence startup Decart AI, a deal that could be worth about $7 billion. 25. Micron Technology’s board of directors approved expanding the size of the stock repurchase plan to US$35 billion, which will take effect in December. 26. Anthropic disclosed new misconduct by its AI model, some involving US government websites. Microsoft's CEO has called for an "emergency brake" mechanism for advanced artificial intelligence to prevent agent models from spiraling out of control. 27. The yield premium between France and Italian government bonds reached a new high since the creation of the euro last Friday. Well-known economist Krugman warned that France's deteriorating public finances may trigger a European debt crisis. Bundesbank officials also believe that the risk of the European debt crisis has risen sharply.