A · Important
[September 16 morning news selection]
1. "Qiushi" magazine published an important article "Speech at the Symposium on Strengthening Basic Research" by Xi Jinping, General Secretary of the CPC Central Committee, President of the State, and Chairman of the Central Military Commission. The article emphasizes that basic research is the source of the entire scientific system, the general organ of all technical issues, and the forefront of global scientific and technological competition. An important criterion for measuring a country's scientific and technological strength is the level of basic research. To become a world power in science and technology, basic research must be carried out.
2. The spokesperson of the Ministry of Foreign Affairs announced that Iranian Foreign Minister Araghchi will visit China on September 16, and Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, will hold talks with him.
3. Several insiders in the banking industry confirmed to reporters that relevant departments are stepping up efforts to publish a compilation of industry cases for technology companies to standardize data statistics on technology loan indicators for commercial banks.
4. According to tracking data, as of yesterday's close, the Shanghai and Shenzhen stock exchanges' full-day turnover was 1,612.717 billion yuan, a decrease of 16.458 billion yuan from the previous day, refreshing the previous single-day turnover of 1,614.395 billion yuan set on April 7 for the year.
5. The China Iron and Steel Industry Association issued a proposal for the steel industry to comprehensively carry out self-discipline to control production and reduce inventories. It mentioned that we should strictly implement production control, adhere to self-discipline to control production and reduce inventory, and give full play to the role of the industry's price supervisory team.
6. The State Administration for Market Regulation and the Ministry of Culture and Tourism convened an administrative guidance meeting for the online hotel booking platform service industry to guide industry platform companies to strictly implement compliance responsibilities, prevent and resolve industry competition risks, and maintain a healthy and orderly tourism market environment.
7. At 14:26 on September 15, the Zhuque-2 improved Yao-7 carrier rocket was launched from the Dongfeng Commercial Aerospace Innovation Test Zone, successfully sending a total of 10 satellites from the 19th Qianfan Polar Orbit group into the predetermined orbit. The flight test mission was a complete success.
8. An internal executive of Geely said that in the battery sector, the company is currently sorting out several of its companies, which may be merged into Geely Automobile's listed company in the long run.
9. According to reports, ByteDance’s revenue in the first half of the year increased by 30% year-on-year to US$120 billion; net profit in the first half of this year dropped to US$20 billion as the company accelerated its investment in artificial intelligence.
10. Are high-end MLCCs purchased from overseas products and then OEMed? Fenghua Hi-Tech responded: Do not believe in rumors released through unofficial channels.
11. Xingyun Technology announced that it plans to increase the procurement budget for server equipment and parts in 2026 from no more than 7 billion yuan to no more than 20 billion yuan. Hangcha Group announced that it plans to raise no more than 2.259 billion yuan for forklift robot smart factory projects and other projects.
12. Hua Ci Co., Ltd. clarified that the powder sold by the company to Chaozhou Sanhuan is still in the small-volume verification stage and has not yet been supplied in batches.
13. Caesars Travel announced that its wholly-owned subsidiary was defrauded of 26.95 million yuan in contracts. It has reported the case to the public security agency and has opened a case for investigation.
14. The three major U.S. stock indexes collectively closed down. The Nasdaq fell 0.78%, the Dow fell 0.63%, and the S&P 500 fell 0.45%, hitting a new closing low since August.
15. U.S. Energy Secretary Wright believes that the Saudi East-West Pipeline will resume operation soon, and the reopening of the pipeline is expected to be completed within a few days.
16. The U.S. Senate failed to advance the Digital Asset Market Clarity Act (CLARITY Act) on September 15, local time, with a vote of 50 in favor and 49 against.
17. OpenAI is in preliminary discussions with investors for a new round of financing that could value the ChatGPT developer at more than $1.2 trillion before its initial public offering (IPO).
18. Apple is reported to have accepted Samsung Electronics’ quotation for memory chips in the first quarter of 2027: DRAM is close to US$2.0/Gb, and NAND is close to US$0.33/Gb, an increase of 30%-40% from the quotation in the third quarter of this year.
19. Qualcomm is re-opening in-depth discussions with Samsung Electronics on 2nm advanced process foundry. This means that Snapdragon 8 Elite Gen6 may no longer be exclusively manufactured by TSMC.
20. The Nvidia GeForce RTX 60 series graphics cards equipped with Rubin architecture are currently said to be confirmed to be launched in the first half of 2027.
21. U.S. bond yields continued to rise during the session yesterday, with the 10-year Treasury bond yield rising to 5.033% and the 30-year Treasury bond yield exceeding 5.40%, both hitting new highs since 2007.
22. The settlement price of international crude oil futures closed sharply higher. The October WTI crude oil futures contract rose 4.38% to US$105.83 per barrel. Brent crude oil futures November contract rose 2.9% to US$108.75 per barrel. U.S. diesel futures settled above $5.26 a gallon, a record high.
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