A[Selected midday news on October 19th]
1. As of midday closing, the Shanghai Composite Index rose 0.16%, the Shenzhen Composite Component Index fell 0.18%, and the ChiNext Index fell 1.07%.
2. The National Bureau of Statistics announced the performance of the national economy in the first three quarters of 2026. According to preliminary calculations, the GDP in the first three quarters was 107.1071 billion yuan, a year-on-year increase of 4.6% at constant prices.
3. Data from the National Bureau of Statistics show that in September, the added value of industries above designated size actually increased by 5.5% year-on-year, and the growth rate accelerated by 0.3 percentage points from the previous month. From January to September, the total retail sales of consumer goods was 37,000.1 billion yuan, a year-on-year increase of 1.1%. In the first three quarters, the national fixed asset investment (excluding rural households) was 33,411.5 billion yuan, a year-on-year decrease of 7.2%, which was the same as from January to August. From January to September, the national real estate development investment was 5.3364 billion yuan, a year-on-year decrease of 20.6%
4. Nine departments including the Ministry of Commerce issued opinions on accelerating the promotion of business through science and technology, which mentioned that we should accelerate the promotion of business through science and technology, implement in-depth the "artificial intelligence + manufacturing" special action, and accelerate the transformation of cutting-edge scientific and technological achievements such as brain-computer interfaces and embodied intelligence into the market.
5. The latest round of defense for fund investment advisory qualifications started this week, with dozens of securities firms conducting it in batches. A[Reminder of important events in the capital market next week: The Financial Street Forum opens tomorrow, and Pan Gongsheng, Ding Xiangqun, Wu Qing, and Zhu Hexin will give keynote speeches]
1. The National Bureau of Statistics will release economic data such as third quarter GDP, September industrial added value, fixed asset investment, and social spending on October 19. On the same day, the National Bureau of Statistics will also release a monthly report on the sales price index of commercial housing in 70 large and medium-sized cities.
2. On October 20, the 1-year and 5-year loan prime rates (LPR) will be announced. In September, the 1-year LPR was 3.0%, and the 5-year and above LPR was 3.5%, which has remained stable for 16 consecutive months.
3. Next week (October 19th to October 23rd), a total of 46 companies will gradually lift their restricted shares, with a total of 2.489 billion shares lifted. Calculated based on the closing price on October 16th, the total market value of the lifted shares is 100.425 billion yuan. The top three companies in terms of market value after the lifting of the ban are: CSSC Special Gas (59.558 billion yuan), Qizhong Technology (10.989 billion yuan), and Runben Shares (6.088 billion yuan).
4. Two new stocks will be issued next week, including one on the Shenzhen Stock Exchange and one on the Beijing Stock Exchange. Specifically, Crown New Materials was issued on October 19, and Tianyuan Heavy Industry was issued on October 20.
5. The 2026 Financial Street Forum Annual Meeting is scheduled to be held in Beijing Financial Street from October 19th to 22nd. Pan Gongsheng, Governor of the People's Bank of China, Ding Xiangqun, Director of the State Financial Supervision Administration, Wu Qing, Chairman of the China Securities Regulatory Commission, and Zhu Hexin, Director of the State Administration of Foreign Exchange will attend the 2026 Financial Street Forum Annual Meeting and deliver keynote speeches.
6. The 33rd Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting will be held in Hong Kong, China from October 20 to 21. China's Minister of Finance Lan Fo'an will lead the Chinese delegation to attend and preside over the meeting, and Vice Minister Liao Min will speak on behalf of China.
7. The 19th China-EU Investment, Trade and Science and Technology Cooperation Fair was held from October 21st to 23rd at the China-Europe Center in Chengdu.
8. The World Intelligent and Connected Vehicle Conference will be held on October 21, the same day as the European Conference, focusing on autonomous driving and vehicle-road-cloud integration, and paying attention to the implementation and standards of high-end smart driving.
9. Nvidia’s official website shows that the GTC AI Conference will be held in Berlin from October 20 to 22, and Huang Renxun will deliver a keynote speech on the 21st. In addition, German Chancellor Mertz will meet with Huang Renxun on the evening of October 19. The topic will be directed to the German AI industry computing power cooperation, focusing on the new architecture and the scale of European cooperation.
10. The RISC-V China Summit will be held in Shenzhen from October 18th to 20th, focusing on the open source instruction set ecology and the progress of domestic substitution.
11. The Global Developers Pioneer Conference and Embodied Intelligence Skills Competition was held in Zhangjiang, Shanghai from October 23 to 25, bringing together more than 300 robotics companies and more than 200 teams.
12. Moderna and Merck will announce detailed phase III data on the personalized mRNA cancer vaccine combined with Keytruda in the treatment of postoperative melanoma on the 24th.
13. Many European countries have begun to implement winter time, and the trading hours of European financial markets and the release of economic data will be delayed by one hour compared to daylight saving time.
14. SpaceX will announce its second financial report after listing next Tuesday after the market closes. The market expects that its adjusted earnings per share will turn positive for the first time. Meta will announce its third-quarter results after the market close next Wednesday, local time, becoming an important window for observing the return on AI investment of large technology companies.
15. Lam Group and Texas Instruments will also disclose their results after the market closes next Wednesday, followed by Western Digital after the market closes next Thursday. The three companies provide windows into fab equipment investment, industrial and automotive chip demand, and the data storage market respectively. Procter & Gamble and American Express, which will debut next Thursday and Friday, will provide clues to observe the resilience of consumption.
16. Ningde Times will disclose its third quarterly report next week. Power battery and energy storage shipments are the anchors to verify the global new energy boom; Cambrian, Haiguang Information, Ping An Bank, and Tianqi Lithium will take over. On the Hong Kong stock market, China Mobile and China Telecom released their rankings this week.
17. South Korea’s third-quarter results period will officially start the week of October 19. The recent sharp retracement of memory chip stocks is creating mid-term buying opportunities. Samsung Electronics’ complete third-quarter financial report and conference call are scheduled for October 29, and SK Hynix’s third-quarter financial report and legal conference are expected to be released on October 28. B[The Institute of Artificial Intelligence of the China Academy of Information and Communications Technology jointly released the "Embodied Intelligence Development Report (2026)"] On October 16, according to the China Academy of Information and Communications Technology, during the Artificial Intelligence Industry Development Alliance 2026 Artificial Intelligence Industry Conference held from October 14 to 16, 2026, the Artificial Intelligence Institute of the China Academy of Information and Communications Technology, the Department of Electronic Engineering of Tsinghua University, and the Embodied Intelligence Testing Laboratory jointly released the "Embodied Intelligence Development Report (2026)" (Chinese version). And the "Embodied Intelligence Development Report (2026)" (English version) was released at the concurrent seminar of the third meeting of the International Telecommunication Union (ITU-T) Focus Group on Embodied Intelligence Standards (FG-EAI) on October 16, 2026. The report is based on the critical window period when embodied intelligence leaps from laboratory verification to large-scale application. It focuses on the new changes and new challenges in industrial development in the past year. It conducts systematic analysis from the clarification of the concepts of physical AI and embodied intelligence, cold thinking under the industrial boom, clarifying the four-element framework of embodied intelligence, analyzing the path evolution and business model from "performance" to "application", evaluation system and international standard progress. Finally, the future development is prospected from four aspects: technical architecture reconstruction, application scenario deepening, evaluation system improvement and safety ethics construction. B[Chen Jining met with Christian Fischer, Chairman of the Board of Directors of the German Bosch Group] On October 14th, Chen Jining, Secretary of the Shanghai Municipal Party Committee, met with Christian Fischer, Chairman of the Board of Directors of the German Bosch Group, and his delegation this morning. Chen Jining said that this year is the first year of the "15th Five-Year Plan". As China's economic center city, Shanghai firmly grasps the opportunities of digital, intelligent and green transformation, accelerates the optimization and upgrading of traditional industries, develops and expands emerging industries, and plans for future industries in advance, continuing to stimulate endogenous driving force for development and enhance economic resilience. We welcome the Bosch Group to better leverage its technological advantages, integrate its corporate development strategy more closely with Shanghai's industrial layout, strengthen docking and deepen cooperation in aspects such as industrial intelligent transformation, industrial robots, energy conservation and carbon reduction, and service companies going global, and work together to create a model for industrial transformation and green and low-carbon. We will create a more market-oriented, legal and international first-class business environment, listen to the opinions and suggestions of enterprises, provide high-quality and efficient services, and support enterprises to achieve better development in Shanghai.
Christian Fischer said that Shanghai's openness, inclusiveness and innovative vitality are impressive. The good business environment, complete industrial ecology and rich talent resources have helped Bosch achieve rapid development and enhanced its confidence in long-term development in China. We will continue to expand our business presence in Shanghai, improve our innovation capabilities, strengthen cooperation around the automotive industry, embodied intelligence, energy transformation, urban renewal, etc., and integrate more deeply into Shanghai's industrial ecology to contribute more to the transformation and development of the city. (Shangguan News) B[Focus on Artificial Intelligence Ethics "Research Report on Ethical Governance of Embodied Intelligence" released] On October 13th, the National Artificial Intelligence Standardization Group released the "Research Report on Ethical Governance of Embodied Intelligence" today (October 13). The report focuses on embodied intelligent ethical governance, systematically summarizes it, and proposes governance plans from the aspects of full life cycle governance, technical protection, and standard guidance. It is understood that embodied intelligence ethics is a branch of artificial intelligence ethics. The report sorted out six types of ethical risks, including damage to human autonomy, social relations and development rights, personal injury and public safety, privacy infringement and abuse of personal information, prejudice, discrimination and service exclusion, identity misrecognition and overestimation of abilities, unclear responsibility and difficulty in resuming events, etc. It divided five risk levels from R1 to R5 according to the severity of the damage consequences. Based on the risk categories, it proposed six basic governance principles: people-oriented, safe and controllable, privacy protection, fairness and inclusiveness, transparency and explanation, and traceable responsibility.
Zhang Shizong, deputy director of the Information Technology Research Center of the China Electronics Technology Standardization Institute: Integrate ethical requirements into project design, R&D integration, deployment and activation, operation services and decommissioning, and clarify the protection requirements and subject responsibilities of each link. In terms of technical protection, physical safety is ensured through movement restraint, sensory data is protected through collection control, and independent choices are guaranteed through identity prompts and exit functions. Zhang Shizong said that a standard system will be developed around basic commonality, governance technology, governance management and scenario application. China will accelerate the development of national standards such as the "Guidelines for Ethical Governance of Artificial Intelligence Embodied Intelligence" and systematically carry out standard research on risk classification and grading, protection function requirements, verification test methods and responsibility traceability mechanisms, and promote the integration of ethical governance requirements into the entire life cycle of embodied intelligent product project design, R&D integration, deployment and operation. (CCTV News) B[Zhiyuan launches new financing, valuation of 50 billion yuan, IPO suspended] On October 13, according to investors, the embodied intelligence unicorn company Zhiyuan Innovation recently launched a new round of financing, with a financing amount of about 1 billion to 1.5 billion yuan. This round of financing is nearing completion, and the latest valuation is about 50 billion yuan. In July 2026, Zhiyuan announced the launch of preparations for listing on the Hong Kong stock market. At that time, some investors said that Zhiyuan was expected to be listed as soon as August, with a target valuation of HK$40 billion to HK$50 billion. According to the relevant requirements of the Hong Kong Stock Exchange, if a company applying for listing completes new financing after submitting a form but before listing, unless it obtains a special exemption, the company applying for listing must wait 120 days after the financing is completed before it can be listed for trading. The aforementioned investors said that the new round of financing means that Zhiyuan will not be able to complete its IPO (initial public offering) within this year. Regarding new financing, valuation and IPO progress, the relevant person in charge of Zhiyuan said that there is no response yet. (Financial magazine) B[ASD Embodied Intelligent Innovation Center Unveiling and Full-Stack Empowerment Platform Accelerates Large-Scale Deployment of Humanoid Robots] October 13th, the 2026 ASD Ecological Partner Conference with the theme of "Embodied Ecology & Deployment of the Future" was held in Shanghai Smart Valley on October 13. Chairman of ASD Group, ASD Chen Lingqiao, director of Star Co., Ltd., said: "The main business of cookware is the foundation, Qianjiang robot is the base, and embodied intelligence is Astar's new growth curve for the future. The three are in the same line and empower each other within the Astar system." At the conference site, the Astar Intelligent Valley Embodied Intelligence Innovation Center was officially unveiled. It is reported that the center will focus on the research and development of embodied intelligence core technologies and scenario innovation, and promote the implementation and transformation of innovative results. At present, parts/complete machine manufacturing bases in Shenzhen, Shanghai, Taizhou and Jiashan have been established in the near future. At the same time, the launching ceremony of the "Embodied Ecology & Deploying the Future" Ecological Partner Alliance was also held simultaneously. Aistar will work with upstream and downstream partners in the industry chain to build an embodied intelligence ecosystem, promote the integrated collaboration of self-research of core components, complete machine manufacturing, scene deployment and market empowerment, and use ecological synergy to accelerate embodied intelligence from a single breakthrough to scale advancement. B[Jingjiawei: The CH37 series is advancing customer introduction and small batch production] On October 9, Jingjiawei stated on the interactive platform that the CH37 series is aimed at general markets such as embodied intelligence and edge computing. It has core advantages such as abundant AI computing power, flexible computing accuracy, and multi-modal perception fusion, and is suitable for scenarios with high multi-modal perception and low-latency requirements such as robots, industrial drones, and embodied intelligence. Currently, CH37 series products are continuing to promote customer introduction, small batch mass production, improvement of supporting software development and optimization, and sales promotion activities. B[Central Committee of the Communist Party of China and the State Council: Establish a mechanism for future industrial investment growth and risk sharing to guide social capital to continue to increase investment] On October 9, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on the Development of New Productivity". It pointed out that future industries should be planned forward-looking. Explore diverse technical routes, typical application scenarios, feasible business models, and market supervision rules to promote the development of future industries such as quantum technology, biomanufacturing, hydrogen energy and nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communications, and accelerate the formation of a relatively complete industrial ecosystem. Establish a mechanism for future industrial investment growth and risk sharing, make full use of existing fiscal policies to support future industrial development, and guide social capital to continue to increase investment. B[More than 70 training venues have been put into use. China's entire embodied intelligence industry chain is accelerating.] October 9th: Since the beginning of this year, China has continued to lay a solid foundation for the development of the embodied intelligence industry, accelerated the construction of training ground infrastructure, improved industry standards and regulations, and promoted embodied intelligence to accelerate from the laboratory to industrialization. At present, more than 70 self-made smart training venues have been built and put into use across the country, and more than 40 are under construction or planning, forming three core clusters in the Yangtze River Delta, Beijing-Tianjin-Hebei, and Pearl River Delta. While a large amount of practical training data is being collected at an accelerated pace, it has also been put into real machine training applications. In Shenzhen, wheel-arm humanoid robots trained based on actual training data can complete complex operations such as switching electrical cabinets and opening and closing industrial valves. B[2026 Global Developer Pioneer Conference will be held from October 23 to 25] "Science and Technology Innovation Board Daily" reported on the 30th that the 2026 Global Developer Pioneer Conference and the International Embodied Intelligence Skills Competition will be held at Shanghai Zhangjiang Science Hall from October 23 to 25. At the media briefing, Li Hui, member of the Standing Committee of the Shanghai Pudong New Area and deputy district mayor, said that the scale of Pudong's artificial intelligence industry still maintains rapid growth. In the first half of 2026, the scale of the artificial intelligence industry reached 109.6 billion yuan, a year-on-year increase of 17.8%, of which the output value of the artificial intelligence industry increased by 42%, and the industrial carrying capacity on the manufacturing side continued to increase. Pudong hopes to further organize Pudong’s nearly 1,800 artificial intelligence companies, more than 150 in-house intelligent companies, 137,000 cards of intelligent computing power, and industrial resources such as pilot testing and mass production into supply chains and innovative service capabilities that developers can directly call upon. (Kechuangban Daily reporter Huang Xinyi) B[Preview: The 2026 World Internet Conference Wuzhen Summit will be held from November 2 to 5] September 29th, the World Internet Conference held a press conference today (29th). The reporter learned from the press conference that the 2026 World Internet Conference Wuzhen Summit will be held in Wuzhen, Zhejiang Province from November 2 to 5. With the theme of "Open Source, Openness, Co-construction and Sharing - Working Together to Build a Community with a Shared Future in Cyberspace", this Wuzhen Summit will invite representatives from governments, international organizations, enterprises, experts and scholars from around the world to conduct in-depth exchanges around the concept and practice of open source and open development of artificial intelligence from multiple dimensions such as innovative development, security governance, civilizational exchanges, and international cooperation, and jointly explore how to further promote technology openness, innovation collaboration, and achievement sharing in the new stage of rapid development of artificial intelligence.
It is understood that this year’s Wuzhen Summit will also set up 27 sub-forums to conduct exchanges and discussions around topics such as global governance initiatives, cyberspace cooperation, theories and policies in the digital intelligence era, robots and embodied intelligence. The main forum will set up an "Artificial Intelligence Wuzhen Dialogue" session, inviting the world's leading technology companies, heads of well-known open source large model companies, and artificial intelligence scientists to have a dialogue on the same stage, and conduct exchanges around topics such as the construction of a global artificial intelligence open source ecosystem. B[Organization: Global humanoid robot shipments in the first half of 2026 are close to 25,000 units, a year-on-year increase of 432.1%] On September 29, the latest global humanoid robot tracking report released by International Data Corporation (IDC) showed that in the first half of 2026, global humanoid robot shipments were close to 25,000 units, a year-on-year increase of 432.1%. Industrial development has further moved from technology verification to commercial application exploration stage. Application scenarios continue to expand, accelerating the extension to industrial manufacturing, retail, transportation and logistics, leisure travel and home consumption; at the same time, industry competition is gradually shifting from ontology performance to embodied intelligent comprehensive capabilities. IDC predicts that global humanoid robot shipments will exceed 750,000 units in 2030, and the market will enter a stage of accelerated development of large-scale applications. B[The exhibition design plan of the China Pavilion at the 2027 World Expo has been basically determined] September 29th, today, the China Council for the Promotion of International Trade held a press conference. At the press conference, the spokesperson of the China Council for the Promotion of International Trade introduced the preparations for the China Pavilion at the Professional World Expo to be held in Belgrade, Serbia, in 2027. The spokesman said that at present, the exhibition design plan of the China Pavilion at the Belgrade World Expo has been basically determined. It will use the past, present and future as the main narrative lines, and set up three chapters of "Charming China, Endeavoring for Common Prosperity, and Intelligent Rebirth". The overall use of immersive, interactive and experiential display methods will be widely integrated into the latest application scenarios in the field of embodied intelligence in China, vividly showing the results of the creative transformation of China's excellent traditional culture, the vigorous development of China's sports and literature in the new era, and the innovative picture of technology empowering future life. B[September survey favors small-cap stocks, institutions actively explore market opportunities] September 29th, Wind data showed that as of September 28, more than 2,700 listed companies have received institutional surveys since September, a significant increase from August. Judging from the market value and industry conditions of the companies under investigation, institutions have significantly increased their attention to small-cap stocks with a market value of less than 10 billion yuan, and are more favorable to companies in the mechanical equipment, electronics, basic chemical industry and other sectors. Regarding future investment opportunities in related sectors, industry insiders believe that as the mass production of Tesla humanoid robots accelerates, embodied intelligence models are expected to achieve breakthroughs and bring investment opportunities; in the electronics sector, it is recommended to pay attention to industrial chain links such as AI computing power, memory chips, optical modules and optical chips; the basic chemical industry sector has entered the "batting zone", and upward demand will become an important marginal variable. (China Securities Journal) B[Anhui: Plans to enter the first echelon of humanoid robot production in the country by 2030] According to Anhui Daily, on September 28, the Anhui Provincial Government Information Office held a press conference and invited relevant responsible persons from the Provincial Department of Industry and Information Technology, the Provincial Department of Finance, the Provincial Development and Reform Commission, and the Provincial Department of Science and Technology to interpret the "Implementation Opinions on Promoting the High-Quality Development of the Robot Industry" recently issued by the Provincial Government General Office. The reporter learned from the press conference that Anhui will seize the strategic opportunities of the "15th Five-Year Plan" to build robots and embodied intelligence into emerging pillar industries. It plans to rank among the top in industrial robot production in the country by 2030, the first echelon in humanoid robot production in the country, and lead the country in the production of robots in more than 10 subdivided fields such as spray painting, explosion protection, and warehousing and logistics; by 2035, it will build a robot industry cluster with important national influence. B[The world's first embodied intelligent robot equipped with a nationally produced electronic architecture was unveiled] September 28th, a press conference for the embodied intelligent robot with a domestically produced electronic architecture was held in Yichang, Hubei Province on September 28. The world's first embodied intelligent robot equipped with a domestically produced electronic architecture was officially unveiled. The electronic architecture is the "intelligent nervous system" that determines the upper limit of the overall machine's performance, including the operating system, network, tool software and AI computing chips. According to experts, if a robot is regarded as a "person", then the electronic architecture is its nervous system - no matter how carefully the brain thinks, without the nervous system, action cannot take place. According to reports, this domestically produced electronic architecture can realize the isolation and integration of control and AI intelligent computing, build a nationally produced technology base from AI decision-making to physical execution, and provide technical options that can completely replace foreign solutions. B[Zibo City Embodied Intelligent Robot Training Field Put into Operation] September 27th, according to Zibo Daily, Zibo City Embodied Intelligent Robot Training Field was put into operation recently. It is reported that the training ground is jointly built by Zibo High-tech Zone and Shandong Zhixing Intelligent Embodied Co., Ltd., and has deployed more than 40 units (sets) of various types of robotic equipment, covering six real-life scenarios such as industrial welding, medical device sorting, power operation and maintenance, chemical inspection, ceramic flexible manufacturing, and medical maintenance patrols. It continues to carry out data collection for tasks such as navigation and obstacle avoidance, object grabbing, precision operations, and human-computer interaction, which will promote the deep integration of embodied intelligence with local advantageous industries.
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