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. A[September 30 morning news selection]
1. The Ministry of Finance, the People's Bank of China, and the State Administration of Financial Supervision issued a notice that China will implement interest discounts for residents using newly issued commercial personal housing loans to purchase houses starting from October 1. The loan size that can enjoy discount interest can be up to 1 million yuan, and the financial department will provide an annual discount of 1 percentage point, with a maximum period of 5 years.
2. On the basis of giving full play to the effectiveness of various existing policies, the People's Bank of China decided to further adjust and improve several monetary policy tools, including lowering the mortgage supplementary loan (PSL) interest rate by 0.25 percentage points. The one-year mortgage supplementary loan interest rate was reduced from 1.75% to 1.5%; the mortgage supplementary loan support area was expanded to include the construction of "six networks" such as water network, new power grid, computing power network, new generation communication network, urban underground pipe network, and logistics network into the mortgage supplementary loan support area ; Increase the re-loan quota for scientific and technological innovation and technological transformation by 200 billion yuan, and increase the re-loan support ratio from 60% to 100%; increase the re-loan quota to support agriculture and small businesses by 500 billion yuan, of which the re-loan quota for private enterprises will increase by 300 billion yuan.
3. The spokesperson of the Ministry of Commerce responded to a reporter's question regarding media reports that relevant EU member states are pushing the European Commission to create a European version of the "301" tool. The spokesperson said that China will pay close attention to the EU's follow-up movements. If the EU insists on introducing discriminatory restrictions on Chinese companies or products, China will resolutely respond and defend the legitimate rights and interests of Chinese industries.
4. Foreign Ministry Spokesperson Guo Jiakun presided over a regular press conference. A reporter from TASS asked: The Kremlin spokesperson said that the APEC summit in Shenzhen provided a good opportunity for the heads of state of Russia, China and the United States to hold a trilateral meeting. What is China’s comment on this? Guo Jiakun said that as the host of APEC this year, China is willing to work with all parties to jointly promote the APEC China Year to achieve fruitful results and make new contributions to promoting economic growth in the Asia-Pacific and the world.
5. Cheng Fubo, Secretary and Director of the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council, published a signed article in "New Industrialization" stating that we will further develop key areas such as artificial intelligence and new materials, cultivate cutting-edge tracks such as quantum technology, nuclear fusion energy, and biological manufacturing in advance, and promote the development of emerging industries to "build momentum."
6. According to market tracking data, as of the close, the Shanghai and Shenzhen stock exchanges’ full-day turnover was 1,409.197 billion yuan, a decrease of 293.6 billion yuan from the previous day, a new low since July 8, 2025, and a shrinkage of more than 64% from the historical volume of 3,941.484 billion yuan set on January 14, 2026.
7. TrendForce research shows that HBM and traditional DRAM are still competing for limited advanced process and wafer production capacity. The HBM price outlook for next year has been revised upward, and the annual comprehensive average selling price is expected to increase by 121%.
8. Luchang Technology announced that the controlling shareholder Zoomlion plans to change its control rights and the stock will be suspended from trading. Huazhijie announced that it plans to acquire 83.5% of Greming’s shares and the stock will resume trading. The Institute of Construction Research announced that it is planning for major events and the stock will be suspended from trading.
9. Enhua Pharmaceuticals announced that it has granted Somnivera exclusive rights to an innovative drug under development for the treatment of sleep disorders, and is entitled to receive milestone payments of up to US$507 million.
10. Corson Technology announced that it plans to raise no more than 1.102 billion yuan in additional capital to acquire 53.26% of the equity of Zhangu Technology, a liquid-cooled precision metal structural parts company.
11. Shandong Gold announced that the chairman proposed to repurchase A shares worth 300 million to 400 million yuan. Dongyangguang announced that the controlling shareholder proposed to repurchase shares of 600 million to 1.2 billion yuan. China Automotive Research Institute announced that the controlling shareholder plans to increase its shareholding by 60 million yuan to 120 million yuan.
12. All three major U.S. stock indexes closed slightly lower, with the Dow Jones Industrial Average falling 0.26%, the S&P 500 Index falling 0.17%, and the Nasdaq Composite Index falling 0.09%. AI hardware stocks generally rose. Lumentum rose by more than 5%, Corning and Marvell Technology rose by more than 4%, ARM, Meta, Coherent, and Ciena rose by more than 3%, and SK Hynix rose by more than 2%.
13. Trump stated that he will sign a strong artificial intelligence order and rename "artificial intelligence" to "super intelligence" through an executive order. Trump said that he has signed an artificial intelligence document and is considering establishing a 10-member committee to oversee artificial intelligence.
14. Many Federal Reserve officials have called for continued interest rate increases. Federal Reserve Governor Barr said that it may be necessary to continue to raise interest rates; policies need to be recalibrated. The basic situation is that further policy adjustments may be needed. Fed's Williams said that if the economy meets expectations, it may raise interest rates again this year.
15. Traders have reduced their bets on the Federal Reserve raising interest rates in October. The market currently believes that the probability of the Federal Reserve raising interest rates in October is about 50%, which is lower than the previous expectation of about 70%.
16. The United States announced that it will provide up to 40 million barrels of crude oil from the Strategic Petroleum Reserve to increase market supply.
17. U.S. Treasury yields continued to surge during the session on Tuesday. The 30-year Treasury bond yield rose to 5.6%, continuing to hit a new high since 2002. Barclays expects the U.S. 30-year Treasury yield to rise to 6%.
18. Samsung Electronics plans to start mass production of the third-generation 2nm process in 2028, and launch mass production of the 1.4nm process in 2029.
19. People familiar with the matter said that OpenAI’s annual recurring revenue (ARR) is reported to be close to US$70 billion, an increase of more than 70% from the beginning of the third quarter. OpenAI enterprise sales have more than doubled since July.
20. OpenAI launched the all-weather autonomous agent Dots and the GPT-6.1 Sol model, and will launch the GPT‑6.1 Sol ultra-fast version in the next few days. A[State-owned Assets Supervision and Administration Commission of the State Council: Further develop key areas such as artificial intelligence and new materials, and cultivate cutting-edge tracks such as quantum technology in advance] On September 29, Cheng Fubo, Secretary and Director of the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council, published a signed article in "New Industrialization" stating that we will actively cultivate and strengthen strategic emerging industries. Emerging industries and future industries are key forces leading the construction of a modern industrial system. At present, the emerging industries and future industrial layout of central enterprises need to be improved and accelerated. Some industries have not yet formed competitive advantages. Greater efforts must be made to create emerging pillar industries. In accordance with the idea of "leading a group, catching up with a group, and cultivating a group", we will coordinate and promote differentiated layout, continue to consolidate the advantages of new energy, aerospace and other industries, further develop key areas such as artificial intelligence and new materials, and cultivate cutting-edge tracks such as quantum technology, nuclear fusion energy, and bio-manufacturing in advance to promote the development of emerging industries. B[Ministry of Science and Technology: Systematic layout of a batch of major national science and technology tasks] September 29th, at the press conference on the theme of "Getting Started with the 15th Five-Year Plan" held by the State Council Information Office today (29th), Minister of Science and Technology Yin Hejun introduced that a batch of major national science and technology tasks will be systematically laid out in close compliance with the requirements of the "15th Five-Year Plan" plan and deployment. The first is to strengthen basic research. Closely follow the world's scientific frontiers and deploy basic theoretical research on mathematical theories and applications, and the control of physical states. Focusing on scientific issues in key fields such as biology, materials, energy, and information, we will deploy basic research tasks such as synthetic biology, materials genome, controllable nuclear fusion, and intelligent scientist systems.
The second is in leading scientific and technological research. Focusing on cutting-edge areas such as artificial intelligence, quantum technology, and biomanufacturing, key areas such as integrated circuits and industrial motherboards, and strategic areas such as deep sea, deep space, and deep earth, the entire chain will promote key core technology research.
The third is to improve the well-being of the people. Focusing on blue sky, clean water and good food, tasks such as environmental pollution prevention and control, resource recycling, agricultural biological breeding, and food safety are deployed; focusing on health, tasks such as innovative drug research and development, high-end medical equipment, and aging response are deployed.
The fourth is to ensure the safety of key areas. In response to major natural disasters and extreme climate changes, tasks such as disaster monitoring and early warning, risk prevention and control, emergency rescue, meteorological and ocean forecasting are deployed. In order to improve social security capabilities, tasks such as public health security and production safety are deployed. A[September 24 morning news selection]
1. On the afternoon of September 23, local time, President Xi Jinping arrived in Washington by special plane and paid a state visit to the United States at the invitation of US President Trump. When Xi Jinping and his wife Peng Liyuan arrived at Andrews Air Force Base in Washington, they were warmly welcomed by Trump and his wife Melania.
2. The central bank announced that overnight reverse repurchase operations will be carried out from September 28 to October 8, with the daily operation volume not exceeding 1,000 billion yuan; MLF operations of 800 billion yuan will be carried out on September 24, with a term of one year.
3. Yu Xiaohui, Vice Minister of the Ministry of Industry and Information Technology, said that it is necessary to adhere to application-driven, moderately advanced, and systematic promotion of the construction of new generation communication networks, promote the evolution of broadband networks to dual 10G, promote the construction of low-orbit satellite Internet systems, coordinate and optimize the layout of international sea and land networks, promote the expansion and improvement of computing power facilities, strengthen computing network collaboration and computing power interconnection, and better support the construction of integrated computing power networks.
4. The 2026 National Symposium on Green and Low-Carbon Development of Industry and Information Technology was held on September 23 in Yichang City, Hubei Province. The meeting emphasized the need to accelerate the carbon peaking action in the industrial sector and enhance the industry's green value creation capabilities, green equipment product supply capabilities, green and low-carbon technological innovation capabilities, and intelligent and green integrated development capabilities.
5. Sources in the supply chain revealed that TSMC has decided to adjust the price of Wafer Out according to different processes starting from January 2027, with an increase of about 3%-6%.
6. Huaqin Technology stated on the interactive platform that the super node product Q3 has begun to enter the high-speed growth stage of rapid volume increase, and Q4 will continue to increase volume.
7. Unilever issued an announcement on abnormal stock trading fluctuations. The company's vector network analyzer frequency coverage range is up to 9GHz, and it does not yet have the testing capabilities required to report the application scenario.
8. Sidik announced that it plans to invest 1.652 billion yuan in the construction of a high-end functional BOPET base film expansion project with an annual output of 103,000 tons, and large-scale production of MLCC release film base films and other products.
9. Hangyang Co., Ltd. announced that it plans to invest 50 million yuan to participate in the investment of Star Ring Energy Concentration, which can substantially participate in the field of controllable nuclear fusion.
10. Yibo Technology announced that it plans to build the second phase of the Zhuhai board factory project with no more than 800 million yuan, focusing on the medium and large-volume production of mid-to-high-end PCB products.
11. Xingyun Technology announced that its wholly-owned subsidiary signed an 872 million yuan intelligent computing resource leasing service contract.
12. The three major U.S. stock indexes collectively closed down, with the Nasdaq falling 1.13%, the S&P 500 falling 0.75%, and the Dow Jones Industrial Average falling 0.68%. Major European stock indexes closed collectively lower, with Germany's DAX30 index falling 0.59%.
13. "Big Short" Michael Burry recently published a post on the Substack platform and disclosed that he has increased his short positions on memory chip giant Micron Technology, cloud computing service provider Nebius, iShares Semiconductor ETF and data analysis agency Palantir, and emphasized that this operation is "quite large."
14. Mohsin Rezai, Secretary of Iran’s Supreme National Security Council, said that as long as Iran’s conditions are not met, the Strait of Hormuz will not be reopened and no negotiations will take place.
15. After the release of the US PMI data, the market expected that the probability of the Federal Reserve raising interest rates by at least 25 basis points at the October meeting rose to about 75%, from about 53% before the data was released.
16. Musk pointed out in an exclusive interview that the number of humanoid robots in the world may reach 10 billion in the next 15 years and 100 billion in the next 20 years.
17. SpaceX is reported to have stopped accepting reservations for Falcon 9 rockets after 2028. With the Falcon 9 withdrawing from the market, rocket launch capacity may be in short supply before 2030. B[Hangyang Co., Ltd.: Plans to invest 50 million yuan to participate in the investment in Xinghuan Energy Concentration, which can substantially participate in the field of controllable nuclear fusion] On September 23, Hangyang Co., Ltd. (002430.SZ) announced that the company plans to jointly invest in Shanghai Xinghuan Energy Concentrating Technology Co., Ltd. (referred to as "Xinghuan Concentrating Energy") with Zhejiang Hangzhou Turbine Power Technology Group Co., Ltd. and other investors. Among them, the company invested 50 million yuan to acquire 0.66% of the equity of Xinghuan Energy. By investing in Xinghuan Energy, the company can substantially participate in the field of controllable nuclear fusion, have in-depth contact with and study existing controllable nuclear fusion technology paths, and carry out targeted and experimental technology research and development for key nodes in each technology path that are related to the company's business and have common characteristics, helping the company to explore new markets and investment opportunities in the field of nuclear fusion. A[Nova Fusion completes 1.2 billion Pre-A series financing Setting three records for domestic private nuclear fusion financing scale, speed and valuation] On August 31, Nova Fusion Energy Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Nova Fusion") completed a total of 1.2 billion yuan in Pre-A series financing (including Pre-A and Pre-A+ rounds). So far, Nova Fusion has created 16 companies Within the month, it has completed three rounds of financing: 500 million yuan angel round, 700 million yuan angel + round, and 1.2 billion yuan Pre-A series. The cumulative financing scale has reached 2.4 billion yuan, and the post-investment valuation has exceeded 10 billion. It has refreshed the domestic private nuclear fusion track's three records of financing scale, speed and valuation. The company's valuation ranks first among domestic private nuclear fusion companies. In this Pre-A series of financing, Meituan Longzhu and Hillhouse Ventures continued to increase their investment, and Lenovo Ventures and Guozhong Capital entered the game as new strategic investors. "Nova One" has completed the engineering design and core component development and has fully entered the final assembly and integration stage. The team is sprinting towards the first plasma discharge at the end of 2026, with the goal of becoming the first private enterprise in China to achieve a fusion temperature of 100 million degrees Celsius. (Reporter Guo Songqiao)
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