B["Little Bear" strengthened to super typhoon level No impact on Chinese waters in the future] October 11th: Typhoon No. 29 this year "Little Bear" strengthened into a super typhoon level yesterday (10th) night. Its center was located at 5 o'clock this morning on the northwest Pacific Ocean about 1,540 kilometers southeast of Tokyo, Japan, in the north Latitude 24.2 degrees, longitude 148.6 degrees, the maximum wind force near the center is level 16 (55 meters/second), the minimum air pressure in the center is 930 hPa, the radius of the wind circle of level 7 is 200~350 kilometers, the radius of the level 10 wind circle is 100~120 kilometers, and the radius of the level 12 wind circle is 60 kilometers. It is expected that "Little Bear" will move north-west at a speed of 15 to 20 kilometers per hour. It will begin to move northeastward on the 12th, heading towards the ocean east of Japan. Its intensity will gradually weaken and it will gradually transform into an extratropical cyclone. There will be no impact on China’s waters in the future. This year's No. 28 typhoon "Nolo" (tropical storm level) has transformed into an extratropical cyclone early this morning, and the Central Meteorological Observatory stopped numbering it at 5:00 on the 11th. B[Combining Leniency and Strictness to Optimize M&A Supervision, China’s First Platform Centralized Hearing Implemented] On October 10, the State Administration for Market Regulation recently held a public hearing on Meituan’s acquisition of the equity in Malt Field. This is the first public hearing in the field of concentration review in China. It is reported that the combined share of both parties in the delivery aggregation platform market exceeds 50%. Upon review, the concentration may restrict small and medium-sized merchants from independently selecting shipping capacity, crowd out third-party shipping capacity providers, and strengthen Meituan’s market control. To this end, the applicant submitted a conditional commitment plan. In order to ensure objectivity and fairness, the General Administration held hearings based on three considerations: First, it involves the interests of merchants, transport operators, riders and other parties, and opinions need to be fully listened to; second, the mechanism of damage to platform economic competition is complex and requires face-to-face cross-examination and debate; third, it is to explore public hearings and improve the level of legalization of law enforcement. The hearing was held on September 18, and invited representatives from Taobao flash sales, JD.com, flash sales, UU errands, industry associations, merchants and riders, experts and scholars to participate. All parties conducted cross-examination debates focusing on the enforceability of the commitment plan and the protection of rights and interests, and achieved the expected results. In the next step, the General Administration will adhere to equal emphasis on development and regulation, promote review in accordance with the law, protect the rights and interests of small and medium-sized merchants and riders, prevent "involution" competition, and continue to explore a public hearing mechanism. (CCTV Finance) B[Typhoon "Noro" moves west-northwest "Little Bear" will gradually strengthen] October 8th, the center of this year's No. 28 typhoon "Noro" (severe tropical storm level) was located on the northwest Pacific Ocean about 1,830 kilometers southeast of Tokyo, Japan, at 8 a.m. today (8th). It is 26.7 degrees north latitude and 155.9 degrees east longitude. The maximum wind force near the center is level 10 (28 meters/second). The lowest air pressure in the center is 982 hPa. The radius of the level 7 wind circle is 240-280 kilometers and the radius of the level 10 wind circle is 60-80 kilometers. It is expected that "Nolo" will move west-northwest at a speed of 25-30 kilometers per hour, with its intensity maintained or slightly enhanced. After 10 days, it will gradually turn to move north-east and transform into an extratropical cyclone. It will have no impact on China's waters in the future.
The center of this year's No. 29 typhoon "Little Bear" (severe tropical storm level) was located on the northwest Pacific Ocean about 3,000 kilometers southeast of Tokyo, Japan, at 8 a.m. today (8th), at 16.8 degrees north latitude and 161.3 degrees east longitude. The maximum wind force near the center was level 10 (28 meters/second), the minimum air pressure at the center was 982 hPa, the radius of the level 7 wind circle was 150-220 kilometers, and the radius of the level 10 wind circle was 30-50 kilometers. It is expected that "Little Bear" will move westward at a speed of 15-20 kilometers per hour, gradually increase in intensity, and will have no impact on China's waters in the future. B[Glass substrate concept is active, Vogel Optoelectronics is approaching the daily limit] On September 23, the glass substrate concept is active, Vogel Optoelectronics is approaching the daily limit, Dier Laser, Caihong Shares, Linuo Medical Kit, and BOE A are following the rise. In terms of news, Chen Yanshun, chairman of BOE, announced at the 2026 BOE Global Innovation Partners Conference that the company’s R&D investment will exceed 80 billion yuan and procurement expenditure will exceed 800 billion yuan in the next five years. It is clear that investment plans for two mass production lines of glass-based perovskite devices and glass-based packaging carrier boards will be finalized within the next year. B[BOE A: The glass-based packaging carrier board test line has been fully operational, and the 24-layer products have been sent to customers for verification] On September 22, BOE A (000725.SZ) released an investor relations activity record sheet announcement. The company’s glass-based packaging carrier board test line has been fully operational, and the production of 24-layer substrates with a size of more than 100×100 mm has been completed, and it has passed the in-factory reliability test. We are currently working with customers to conduct electrical performance tests after chip upgrading. We will package the carrier board with real CPU and GPU chips and put them into the server for operation. The decision-making conditions for mass production include customer order volume and yield guarantee, and the target is to achieve mass production investment conditions in the first half or first quarter of next year. The company has invested nearly 1 billion yuan to build a pilot line to achieve TGV drilling, copper plating, ABF layering and back-end full chain pull-out. Regarding the MicroLED short-distance optical interconnection system, the functional verification demo construction from light source emission to optical fiber coupling and 19-core optical fiber transmission has been completed. It is expected to complete the full system and eye diagram display from emission to reception by the end of the year. In the next year, we will promote platform construction and industrial investment in short-distance optical interconnection products and optoelectronic co-sealing technology. The BOM cost of LCD panels is expected to rise by 5%-8% in the second half of the year, and the company will absorb the pressure by adjusting product prices. The "mirror-like traceless" OLED flexible screen has a 60% reduction in crease depth and slope, a 50% increase in mechanical strength, and can withstand repeated bending at temperatures below minus 40°C. It has been certified by SGS and is used in the brand's flagship series of products in cooperation with domestic leading customers. B["Top 500 Chinese Private Enterprises in 2026" Released] On September 22, the All-China Federation of Industry and Commerce released the "Top 500 Chinese Private Enterprises in 2026" in Tianjin. The results showed that JD.com, Alibaba (China) Co., Ltd., and Hengli Group Co., Ltd. ranked among the top three. The reporter learned that this year the All-China Federation of Industry and Commerce organized the 28th survey of large-scale private enterprises. A total of 6,350 companies with operating income of more than 1 billion yuan in 2025 participated. Among them, the top 500 companies with operating income are the "Top 500 Chinese Private Enterprises in 2026." According to the survey results, the total operating income of the top 500 private enterprises was 44.93 trillion yuan, with an average household income of 89.851 billion yuan, an increase of 4.35% over the previous year; net profit was 1.83 trillion yuan, with an average household income of 3.652 billion yuan, an increase of 1.31%; the total tax payment reached 1.30 trillion yuan, and there were 254 enterprises with tax payments exceeding 1 billion yuan, accounting for 50.80% of the top 500 companies. B[Agency: Cost pressure adds to weakening demand, and the utilization rate of large-generation panels is expected to increase to 79.6% in October] September 21, according to TrendForce’s latest panel industry research, affected by the surge in AI demand, the upstream material production capacity of the panel industry has been squeezed, which is expected to cause the total cost of TV panels to increase by 4% to 7% in the fourth quarter of 2026. At the same time, due to increased cost pressure from downstream customers and peak season stocking coming to an end in the third quarter, TV panel demand (unit) is expected to decrease by 4% quarter-on-quarter in the fourth quarter. Faced with the dual changes of rising costs and weakening demand, the three major panel manufacturers, BOE (BOE), TCL CSOT (TCL CSOT) and HKC (Huike), respectively decided to use the National Day holiday to implement production cuts in response to the decline in client demand. It is estimated that the utilization rate of large-generation lines of fifth generation and above will decrease by 4.2 percentage points month-on-month to 79.6% in October. B[Main Fund Monitoring: Net outflows from the electronics sector exceed 11 billion yuan] On September 17, the tracking data showed that today’s main funds had a net inflow into the transportation equipment, optical optoelectronics, building materials and other sectors, and a net outflow from the electronics, non-ferrous metals, semiconductor and other sectors, of which the electronic sector had a net outflow of 11.029 billion yuan. In terms of individual stocks, Muxi Shares-U ranked first with net purchases of 2.704 billion yuan, BOE A, Shanzi Hi-Tech, and Tianfu Communications ranked first in net inflows of main funds; Changxin Technology ranked first in net sales of 1.970 billion yuan, and Shengyi Technology, Zijin Mining, and Yongding Co., Ltd. ranked first in net outflows of main funds. B[Main Fund Monitoring: Net Buying of Muxi Shares Exceeds 1.9 Billion] On September 17, market tracking data showed that in early trading today, main funds had a net inflow into sectors such as transportation equipment, optics and optoelectronics, and building materials, and a net outflow from sectors such as electronics, nonferrous metals, and semiconductors. Among them, the net outflow from the electronics sector exceeded 6.4 billion yuan. In terms of individual stocks, Muxi Co., Ltd.-U ranked first with a net purchase of more than 1.9 billion yuan by main funds. BOE A, Shanzi Hi-Tech, and Hengtong Optoelectronics ranked first in net inflows of main funds; Changxin Technology suffered a net sale of more than 1.6 billion yuan, and Zijin Mining, Yongding Shares, and Youyan New Materials ranked first in net outflows of funds. B[The concept of glass substrates fluctuated and rose, and Vogel Optoelectronics hit the daily limit] On September 17th, the concept of glass substrates fluctuated and rose, Vogel Optoelectronics hit the daily limit, and Linuo Medicine Packet, BOE A, Rainbow Shares, and Red Star Development followed suit. On the news, on September 11, Corning announced that due to the impact of exchange rates and inflation factors, the company will implement price adjustments of 15% or more for display glass substrate products priced in Japanese yen globally, and will take effect in the fourth quarter of 2026. B[Third-party institutions overtake the curve and reshape the fund agency market structure] September 16th, under the favorable conditions in the equity market in the first half of the year, public fund agency agencies seized the window period and actively expanded the scale of non-monetary funds and equity funds, and achieved remarkable results. As of the end of June, Ant (Hangzhou) Fund Sales Co., Ltd. became the first fund sales institution in the market with non-monetary fund holdings exceeding 2 trillion yuan. China Merchants Bank Co., Ltd.'s non-goods fund holdings also exceeded 1.5 trillion yuan for the first time. The two giants join hands to lead the market. In addition, a number of third-party independent fund sales institutions such as Teng'an Fund Sales (Shenzhen) Co., Ltd., Shanghai Jiyu Fund Sales Co., Ltd., and Jingdong Kentrui Fund Sales Co., Ltd. have "overtaken the curve", and their non-monetary fund retention scale rankings have significantly improved in the first half of the year; fund sales subsidiaries of public equity institutions have also begun to take shape. E Fund Sales (Guangzhou) Co., Ltd., which just launched business in December 2025, has ranked among the top 100 fund sales institutions. A[The State Administration for Market Regulation and the Ministry of Culture and Tourism held an administrative guidance meeting for the online hotel reservation platform service industry] The State Administration for Market Regulation and the Ministry of Culture and Tourism held an administrative guidance meeting for the online hotel reservation platform service industry to guide platform companies in the industry to strictly implement their compliance responsibilities, prevent and resolve industry competition risks, and maintain a healthy and orderly tourism market environment.
The meeting pointed out that fair competition is the cornerstone of the rule of law in the market economy, and compliance management is the lifeline of enterprise development. In recent years, China's online hotel booking platform service industry has developed rapidly, playing an active role in facilitating people's lives and promoting tourism consumption. At the same time, competition risks cannot be ignored. As key players in the industry, online hotel reservation platform companies should strictly abide by the legal bottom line, adhere to fair competition, strengthen compliance management, and promote the healthy development of industry standards.
The meeting required that all platform companies must strictly abide by the Anti-Monopoly Law of the People's Republic of China, the Anti-Unfair Competition Law of the People's Republic of China, the E-Commerce Law of the People's Republic of China, the Tourism Law of the People's Republic of China and other legal provisions, use the case as a lesson, make comparisons and self-examination, and consciously prevent and resolve "involvement" issues and competition risks such as exclusive cooperation and "the lowest price on the entire network". It is necessary to enhance compliance awareness, build a solid bottom line for compliance operations and safe development, improve long-term compliance mechanisms, jointly create a market order of high quality, low prices, and healthy competition, effectively safeguard the legitimate rights and interests of consumers, and promote the win-win development of multiple entities within the platform ecosystem.
The heads of platform companies such as Meituan, Douyin, JD.com, Ctrip, Tongcheng, and Fliggy, as well as relevant responsible comrades from the market supervision departments in Beijing, Shanghai, Jiangsu, Zhejiang and other places attended the meeting. B[Director of the National Data Administration Liu Liehong presided over a symposium on embodied intelligence] On September 10, Liu Liehong, Secretary of the Party Leadership Group and Director of the National Data Administration, presided over a symposium on embodied intelligence. At the meeting, representatives from the Institute of Automation of the Chinese Academy of Sciences, Beijing Institute of General Artificial Intelligence, Nimbus Intelligence, JD.com, DeepinSmart, Shijingshan Humanoid Robot Data Training Center, Xinghai Chart, Independent Variables, Beijing Humanoid Robot Innovation Center and other companies expressed opinions and suggestions around "data-empowered embodied intelligence development". Xia Bing, member of the Party Leadership Group and Deputy Director of the National Data Administration, attended the meeting. Currently, the embodied intelligence industry is booming, showing data-driven characteristics, and the demand for high-quality, diverse, and large-scale data continues to grow. The National Data Administration will adhere to a problem orientation, grasp industry development trends, strengthen scientific layout and development guidance, promote the construction of embodied intelligence data standards in a timely manner, guide local data systems to carry out relevant work in an orderly manner, promote the healthy development of the industry, actively support enterprises to increase data investment, and better empower the development of embodied intelligence. The main responsible comrades of the Digital Technology and Infrastructure Construction Department of the National Data Administration attended the meeting. B[All Chiba Jewelry online stores have been emptied, clerk responded] On September 11, the sponsoring brokerage Northeast Securities issued a risk warning announcement stating that it was unable to contact Lin Mingjie, the actual controller of Chiba Jewelry, and his wife Gao Xiaosong for unknown reasons. Chiba Jewelry’s official flagship stores on JD.com, Taobao, Xiaohongshu and other platforms have no products for sale. Among them, all products of Qianye Jewelry on JD.com and WeChat stores have been cleared. On September 11, a reporter called a number of Chiba Jewelry offline stores in Beijing as a consumer. The clerks all said that some Chiba Jewelry franchise stores are still operating normally. An employee of a Qianye jewelry franchise store in Haidian District, Beijing, said: "We are a franchise store and have our own boss. The brand selects several manufacturers, and the franchise store purchases goods directly from the manufacturers. Currently, it does not affect customers' consumption and purchase in the store." (China-Singapore Jingwei) B[Main Fund Monitoring: Computer Sector Net Outflows Exceeded 5.7 Billion] On September 8, market tracking data showed that today's main funds had a net inflow into industrial metals, non-ferrous metals, basic chemicals and other sectors, and a net outflow from the computer, electronics, IT services and other sectors, of which the computer sector had a net outflow of 5.743 billion yuan. In terms of individual stocks, Zhongji InnoLight ranked first with net purchases of 1.426 billion yuan, Moore Thread-U, GigaDevice, and Xingsen Technology ranked first in terms of net inflows of main funds; Ningde Times ranked first in net sales of 1.352 billion yuan, and Hikvision, Tsinghua Unigroup, and BOE A ranked first in terms of net outflows of main funds. B[Main Fund Monitoring: Ningde Times’ net sales exceeded 1.7 billion] On September 8, market tracking data showed that in early trading today, main funds had a net inflow into sectors such as communications, nonferrous metals, and industrial metals, and a net outflow from sectors such as computers, electronics industries, and medicine. Among them, the net inflow of the communications sector exceeded 4.1 billion yuan. In terms of individual stocks, Zhongji InnoLight ranked first with a net purchase of more than 1.4 billion yuan of main funds, GigaDevice, Xingsen Technology, and Moore Thread-U received the largest net inflows of main funds; CATL suffered a net sale of more than 1.7 billion yuan, and Changxin Technology, BOE A, and Hikvision ranked first in net outflows of funds. B[Report: China’s smart glasses online sales fell 15.3% year-on-year in July] September 7th, according to Luotu Technology’s latest “China Smart Glasses Online Retail Market Monthly Tracking” report, in July 2026, on JD.com, Tmall, and Dou On the three major e-commerce platforms in China, the monitored retail sales of the smart glasses market were 74,000 units, down 15.3% year-on-year and 20.9% month-on-month; retail sales reached 130 million yuan, down 25.8% year-on-year and 43.0% month-on-month. Luotu Technology believes that it cannot be judged that the entire smart glasses track has entered a downward cycle at present, but should be understood as a phased correction after the pulse in the second quarter and a phased rest in the high-speed growth track. B[Hong Kong stocks opened higher and moved higher, and the Hang Seng Technology Index closed up more than 2%] On September 4, Hong Kong stocks opened higher and moved higher, closing sharply higher. The Hang Seng Index rose 1.74%, a cumulative gain of 0.26% this week; the Hang Seng Technology Index rose 2.27%, a cumulative decline of 0.77% this week. Vanke Group rose by more than 6%, Meituan Group rose by more than 5%, Baidu Group rose by more than 4%, NetEase and JD.com Group rose by more than 3%, and Alibaba rose by more than 2%. Xiyin fell more than 9%, and Huahong Grace fell more than 8%.
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