B[The price of self-paid influenza vaccines has generally rebounded, and the price of free vaccines has stabilized at around 9 yuan/tube] On October 11, reporters recently visited community health service centers in Shenzhen, Shanghai, and Nanjing and found that the number of appointments for some outpatient clinics was tight, but the vaccine inventory was relatively sufficient. In terms of price, the selected prices of some trivalent split vaccines in Shanghai range from 86.4 yuan to 96.4 yuan per dose. Self-funded influenza vaccines (non-immunization program) such as Hualan Vaccine, Changchun Biotech, Zhejiang Tianyuan, Fosun Yalifeng, and Beijing Sinovac have seen price increases to varying degrees; while the prices of some government procurement projects for key groups (immunization program vaccines) are still around 9 yuan/tube. An official from a head flu vaccine company told reporters that the company's production this year has increased significantly compared with previous years, and plans to exceed 25 million doses. However, due to the adjustment of virus strains, the batch release progress has been delayed compared with previous years. Xiaocai's note: In February 2026, the World Health Organization announced the recommended components of the northern hemisphere influenza vaccine for 2026-2027, and no longer included B/Yamagata viruses in the recommended formula. The vaccination guide for this epidemic season released by the Chinese Center for Disease Control and Prevention in September showed that the influenza vaccines on the market in China in 2026-2027 only include trivalent inactivated vaccines and trivalent live attenuated vaccines. (Reporters Lu Afeng and Yu Miao) B[Activity increased during the “Golden September and Silver Ten” period, and transactions in Beijing, Shanghai, Guangzhou and Shenzhen are picking up] On September 28th, during the Mid-Autumn Festival holiday, reporters conducted on-site visits to the property markets in first-tier cities. During the “Golden September and Silver Ten” period, the activity of the property markets in Beijing, Shanghai, Guangzhou and Shenzhen increased to varying degrees compared to usual times. Many developers have launched strong preferential activities, such as "fixed price", "free property fee", "free parking space" and other discounts. Judging from the current reservation situation, the number of store visits increased significantly during the Double Festival. Some new projects with scarcity attributes have increased in popularity, but this popularity is not evenly distributed. Favorable policies have been issued frequently, and the property market in first-tier cities has maintained a stable and positive trend. However, the overall recovery of the market needs further verification. (China Securities Journal) B[China Association of Automobile Manufacturers: The top ten MPV manufacturers sold a total of 528,000 units from January to August] September 21, according to news from the China Association of Automobile Manufacturers on September 21, from January to August, the top ten MPV manufacturers sold a total of 528,000 units, accounting for 79% of the total MPV sales. Among the above ten companies, compared with the same period last year, the sales of Great Wall Motors and Geely Automobile increased to varying degrees, Chery Automobile re-focused on MPVs, and the sales of other companies declined to varying degrees. A[September 21 morning news selection]
1. Premier Li Qiang chaired an executive meeting of the State Council on September 18. The meeting pointed out that it is necessary to deeply implement the national strategy of actively responding to the aging population; it is necessary to increase the supply of high-quality sports events and promote the integrated development of sports events, cultural tourism, and business; it is necessary to rely on scientific and technological innovation to improve the level of medical rehabilitation and nursing, and to develop more intelligent rehabilitation technologies and equipment.
2. On the morning of September 20, local time, the economic and trade teams of China and the United States began holding Sino-US economic and trade consultations in New York, USA.
3. At the 2026 World Manufacturing Conference, Changxin Technology announced the official mass production of the fifth-generation technology platform. The 24GB LPDDR5X products based on this platform have entered formal mass production and have fully entered domestic mainstream flagship mobile phones.
4. The 2026 World Manufacturing Conference opened in Hefei, Anhui on September 20. Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, said in his opening speech that he will vigorously develop open source base models and vertical models to consolidate the software and hardware foundation of the new generation of intelligent manufacturing.
5. On September 18, Eastern Time, the United States signed the "Graham Sanctions on Russia and Iran Act of 2026" into law. The law comprehensively strengthens sanctions against Russia, extends sanctions against Iran, and clarifies that third countries that import Russian oil or natural gas can impose so-called "secondary tariffs" of up to 100%. In this regard, the spokesperson of the Chinese Ministry of Commerce stated that China has always opposed unilateral sanctions that lack United Nations authorization and international legal basis.
6. Data released by the Ministry of Finance showed that the national general public budget revenue from January to August was 15,663.3 billion yuan, a year-on-year increase of 5.7%; the securities transaction stamp tax from January to August was 216 billion yuan, a year-on-year increase of 82%.
7. Ten departments including the Ministry of Culture and Tourism issued "Several Measures to Promote RV Consumption." It is proposed that tourism companies are encouraged to integrate RV sales and cultivate and expand the RV consumer market; there is no mandatory scrappage period for small and micro non-operating self-propelled RVs.
8. Recently, some media reported that the EU hopes that China will voluntarily restrict the export of hybrid vehicles to Europe, otherwise it may face higher tariffs. In response, a spokesman for the Ministry of Commerce stated on September 18 that China firmly opposes this.
9. In August 2026, China's total social electricity consumption exceeded one trillion again, reaching 1,033.2 billion kilowatt hours, a year-on-year increase of 1.7%; the electricity load reached a record high of 1.56 billion kilowatts, 49.69 million kilowatts higher than the maximum load of the previous year.
10. "Beijing's Action Plan to Accelerate the Economic Development of Ci Yuan (2026-2028)" was recently released. It is mentioned that we will promote the adaptation and optimization of models and chips, and support technical research on dedicated chips for inference, model lightweighting, and edge deployment.
11. The reporter learned from a number of express delivery companies that starting from 0:00 on September 20, many express delivery companies in the Anhui region will increase the minimum price of a single ticket by 0.15 yuan based on the original execution price of express delivery services.
12. Recently, the Beijing Municipal Administration for Market Regulation launched an investigation into four online hotel travel booking platform companies including Tongcheng based on the work deployment and preliminary verification results of the State Administration for Market Regulation.
13. Recently, the China Securities Regulatory Commission plans to reward "whistleblowers" who provide clues to 17 cases in accordance with the "Securities Law" and other relevant laws and regulations.
14. Since the listing of the new Shengu Group on September 17, the stock price has fluctuated significantly. Some investors have had abnormal trading behaviors that affect the normal order of stock trading during the trading of the stock. The Shanghai Stock Exchange has adopted self-regulatory measures such as suspending account transactions for relevant investors in accordance with regulations.
15. Tianfu Communications announced that it plans to use no more than 8 billion yuan of idle self-owned funds for cash management.
16. Xinhua Media announced that it plans to issue shares to purchase 100% of the shares of Interface, and the stock will resume trading on Monday.
17. Shenghe Resources issued a clarification announcement stating that the controlling shareholder does not intend to transfer the company’s controlling stake to any external party. Huaxi Nonferrous Metals announced that the actual controller will be changed to China Minmetals, and the stock will resume trading on Monday. Oak Shares announced that it planned to issue shares and pay cash to purchase control of Suzhou Qitian. The stock was suspended on Monday.
18. Fuxiang Co., Ltd. announced that its net profit in the first three quarters is expected to be 350 million yuan to 430 million yuan, turning a loss into a profit year-on-year.
19. Fii Industrial announced that it has completed a 1 billion yuan share repurchase plan, with the repurchase price ranging from 59.91 yuan/share to 66.40 yuan/share. BGI Jiutian announced that the fourth largest shareholder, Big Fund, plans to reduce its holdings by no more than 1% of its shares.
20. Geke Micro announced that it plans to raise no more than 4.2 billion yuan in additional capital for 12-inch CIS integrated circuit specialty process expansion projects. Ruijie Networks announced that it plans to raise no more than 2.6 billion yuan for research and development and industrialization projects of high-speed Internet systems for large-scale intelligent computing clusters. Aihua Group announced that it plans to raise no more than 1.88 billion yuan in additional capital for projects such as the expansion of high-end capacitor production capacity.
21. Last Friday, the three major U.S. stock indexes closed with mixed gains. The Nasdaq rose 0.39%, the S&P 500 rose 0.17%, and the Dow fell 0.18%. The Philadelphia Semiconductor Index rose rapidly in late trading, closing up 2.78%. Storage concept stocks generally rose. SanDisk rose by about 11%, Coherent rose by more than 7%, Seagate Technology rose by more than 6%, Western Digital rose by more than 4%, and Micron Technology rose by more than 3%.
22. U.S. President Trump posted on social media on the 19th that he would form an “artificial intelligence army.” Trump also criticized radical Democrats in the post for “attempting to destroy artificial intelligence,” saying, “We will never hinder or stifle the development of this impressive industry in any way.
23. According to people familiar with the matter, Anthropic’s annual revenue is expected to exceed US$100 billion this year, a significant increase from US$65 billion in July. People familiar with the matter said Anthropic could release IPO-related financial documents as soon as the next few weeks and is expected to start stock trading as early as November.
24. On the evening of September 19, local time, Mohsin Rezai, Secretary of Iran’s Supreme National Security Council, said that Iran has listed seven conditions for the US government to start any negotiations. Rezai said that the conditions proposed by Iran for negotiations are that the United States ends all wars against Iran, unfreezes frozen Iranian assets, and ends the naval blockade.
25. U.S. President Trump posted on social media platforms on the afternoon of September 18, Eastern Time, that the United States had reached an agreement with Denmark and Greenland and that the United States had gained permanent security control over Greenland. A[Beijing filed an investigation into four online hotel travel booking platform companies in accordance with the law] On September 19th, we learned from the Beijing Municipal Administration for Market Regulation that recently, in accordance with the work deployment and preliminary verification of the State Administration for Market Regulation, the Beijing Municipal Administration for Market Regulation issued a The Fair Competition Law, the E-Commerce Law of the People's Republic of China and other laws and regulations stipulate that Hangzhou Taomei Aviation Services Co., Ltd., Tongcheng Network Technology Co., Ltd., Tujia Online Information Technology (Tianjin) Co., Ltd., and Beijing Sankuai Information Technology Co., Ltd. are under investigation for suspected related illegal activities. 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. A[Reminder of important events in the capital market next week: China’s August economic data is coming; changes in multiple index constituent stocks have taken effect; the suspense of interest rate hikes by the Federal Reserve and Bank of Japan is to be announced]
1. The National Bureau of Statistics will release August industrial added value, fixed asset investment, social retail and other economic data on September 15 (Tuesday).
2. The People's Bank of China will carry out overnight reverse repurchase operations from September 14 to September 17, using fixed interest rates and quantity bidding, with the daily operation volume not exceeding 600 billion yuan.
3. Wind data shows that a total of 2.798 billion restricted shares will be listed next week. Based on the closing price on September 11, the market value is approximately 47.693 billion yuan, which is less than the increase in volume this week. Looking at individual stocks, six companies will be lifted from the ban next week with a market value exceeding 1 billion yuan, namely Tongling Nonferrous Metals, China Ceramics Electronics, Zhuzhou Smelting Group, Muxi Co., Ltd., Shengke Communications, and Caidee Industrial. Among them, Tongling Nonferrous Metals and China Ceramics Electronics have exceeded 10 billion yuan.
4. Wind data shows that 3 new stocks will be issued next week, including 1 on the Shenzhen Stock Exchange Main Board, 1 on the GEM, and 1 on the Beijing Stock Exchange. Specifically, the one issued on September 14th was Kaida Heavy Industry; the one issued on September 16th was Hongfucheng; the one issued on September 18th was Liqin Resources.
5. The Shanghai Stock Exchange and China Securities Index Co., Ltd. announced that they have decided to adjust the index samples such as the Science and Technology 50, which will take effect after the market closes on September 11, and the new components will be officially launched at the opening of September 14 (Monday). Ruichuang Microna, Huafeng Technology, Yitang Technology, Yingshi Innovation, and Shenghe Jingwei were added to the Science and Technology Innovation 50 Index.
6. An announcement from the Hong Kong Stock Exchange Index Company shows that the Hong Kong Stock Exchange Technology 100 Index will include 10 stocks including WeRide, Pony.ai, and Shenghong Technology, and exclude 14 stocks including Alibaba Health, China Literature Group, and Tongcheng Travel. The changes will be implemented after the market closes on September 11 and will take effect on September 14 (Monday).
7. FTSE Russell previously announced changes to the review of the FTSE China Index Series. The FTSE China A50 Index included China Microelectronics Corporation and Shengyi Technology, and excluded Muyuan Holdings and Wanhua Chemical. FTSE Russell also announced the changes to the FTSE China 50 Index on the same day, including Huahong Grace H shares and Montage Technology H shares, and excluding Kuaishou and SF Holding H shares. The above changes will take effect after the market closes on September 18 (Friday).
8. The 23rd China-ASEAN Expo will be held in Nanning, Guangxi from September 17 (Thursday) to September 21, with the theme of "Sharing 3.0 Opportunities and Creating a Better Life Together."
9. The Federal Reserve will announce the FOMC interest rate decision at 02:00 a.m. on September 17 (Thursday), Beijing time, and Chairman Kevin Warsh will hold a press conference at 02:30. The market expects that the probability of the Federal Reserve raising interest rates next week is about 90%, and will focus on the quarterly economic forecast summary and dot plot.
10. The Bank of Japan will announce an interest rate decision on September 18 (Friday), and Governor Kazuo Ueda will hold a post-meeting press conference.
11. The U.S. stock market will usher in the "Triple Witching Day" on September 18 (Friday): three types of contracts, namely stock index futures, stock index options and individual stock options, will expire at the same time, usually accompanied by increased trading volume and intensified late-trading volatility.
12. South Korea’s major stock exchanges will open trading for almost all local stocks until 8 pm on September 14 (Monday).
13. The U.S. Senate will vote on the new version of the stable currency "CLARITY Act" on September 15.
14. Anthropic is reported to have hinted that it will hold a developer conference in mid-September and plans to announce a product roadmap. B[Partial changes in the tourism sector, Guilin Tourism 5 consecutive boards] On September 11th, there were partial changes in the tourism sector in early trading, Guilin Tourism 5 consecutive boards, Qujiang Cultural Tourism rose by the daily limit, Tianmu Lake rose by more than 3%, Huangshan Tourism, Tianfu Cultural Tourism, Tibet Tourism, Zhangjiajie and others narrowed their declines. In terms of news, Tongcheng Travel data shows that the monthly search popularity of keywords for Mid-Autumn Festival and National Day travel surged 116% month-on-month; Ctrip platform data shows that during the Double Festival, the volume of air tickets and hotel orders increased significantly year-on-year, and the number of inquiries and bookings for group tours in popular destinations increased day by day. Off-peak travel and high-quality group products were the most popular. B[Notice from the Beijing-Tianjin-Hebei Consumers’ Association: 10 airlines and 5 online ticketing platforms have completed ticket overbooking rectification] September 8th, Beijing Market Supervision Official Weibo reported on September 8th that recently, the Beijing-Tianjin-Hebei Consumers’ Association issued a notice on ticket overbooking and rectification stating that as of August 31, 10 airlines that had previously been interviewed Airlines and five online ticketing platforms have all completed the rectification of overbooking tickets on schedule. Outstanding issues in overbooking rule notification, on-site handling, compensation arrangements and complaint mechanisms have been targeted. Consumers can clearly understand the overbooking rules when purchasing tickets, and there are clear solutions and compensation guarantees when encountering overbooking. Previous investigations have found that in the area of overbooking of air tickets, there are problems such as too small risk warning text, hidden locations, and unclear compensation standards. On July 24, the Beijing-Tianjin-Hebei Consumers Association organized a joint interview with 10 airlines including Air China, China Southern Airlines, China Eastern Airlines, Hainan Airlines, Xiamen Airlines, Tianjin Airlines, Sichuan Airlines, Juneyao Airlines, Spring Airlines, and Hebei Airlines, as well as five online ticketing platforms including Tongcheng, Ctrip, Fliggy, Qunar, and Meituan, requiring that rectifications be completed before August 31. B[Tourism concept continues to be strong, Yunnan Tourism 2 consecutive boards] On September 3, the tourism concept continued to be strong, Yunnan Tourism 2 consecutive boards, Zhangjiajie hit the daily limit, Tibet Tourism hit the daily limit, Qujiang Cultural Tourism, Western Region Tourism, Nanjing Business Travel followed suit. On the news, according to Tongcheng travel data, the popularity of Mid-Autumn Festival and National Day travel bookings has increased year-on-year. The search popularity for the keywords "Mid-Autumn Festival" and "National Day" on the platform increased by 116% month-on-month, and the popularity of booking Mid-Autumn Festival and National Day products more than 30 days in advance increased by more than 20% year-on-year. According to Cathay Haitong's calculations, taking 3 days of leave between the two holidays can result in 13 consecutive days of leave, which is expected to release demand for long-term domestic travel, outbound travel and in-depth travel.
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