B[More than 30 positive announcements were issued on the Science and Technology Innovation Board in a single day, and multiple measures were taken to convey development confidence] "Science and Technology Innovation Board Daily" reported on the 8th. A reporter from the "Science and Technology Innovation Board Daily" noticed that today, companies on the Science and Technology Innovation Board intensively disclosed positive announcements, covering multiple categories such as performance forecasts, share repurchases and major orders, releasing positive signals to the market. In terms of performance, chip design company Jingchen Technology released a performance forecast, predicting net profit in the first three quarters of this year to be 1.26 billion to 1.31 billion yuan, a year-on-year increase of 80.58% to 87.74%, showing strong profit growth momentum. Relying on the launch of multiple product lines and the continued expansion of domestic and overseas customers, the company's operating income is initially estimated to exceed 10 billion yuan this year. In terms of repurchases, according to preliminary statistics, more than 30 science and technology innovation board repurchase progress announcements were unveiled tonight, with the total repurchase amount exceeding 3.2 billion yuan. Among them, the cumulative repurchase amount of Tebao Biotech has reached 407 million yuan, and the cumulative repurchase amount of Canadian Solar is 365 million yuan. The repurchases of listed companies with "real money" fully demonstrate their firm confidence in their own value. In addition, Wasion Information and Wanders respectively disclosed recent project bidding results, providing strong support for subsequent performance. (Kechuangban Daily reporter Zeng Le) B[On the first trading day after the National Day holiday, 20 funds will start subscriptions together] October 6th, October 8th is the first trading day after the holiday, and 20 funds will start subscriptions, forming the first small issuance peak in October. The 20 products include 7 passive index funds, 5 partial stock hybrid funds, 3 bond funds, 3 enhanced index funds, and 1 FOF fund and 1 REITs each. Investment themes cover GEM batteries, photovoltaics, artificial intelligence and other directions. In terms of investment themes, the technology growth direction is the most concentrated, involving many subdivisions such as chip design for the Science and Technology Innovation Board, artificial intelligence for science and technology entrepreneurship, software development, and robotics. Dividends and value styles are heating up at the same time, and new index products such as Yinhua CSI All Index Dividend Quality ETF, GF CSI Dividend Low Volatility ETF, and ABC China Securities Value 100 have been launched one after another. (China Securities Journal) A[Overnight global news you need to know on Friday: The United States will send more troops to the Middle East, Federal Reserve officials gave intensive speeches, the U.S. Treasury repurchased US$6 billion in longer-term Treasury bonds, and U.S. optical communications and memory chip stocks surged]
1. The situation in the Middle East
1. Trump said that the United States may increase its attack on Iran after the mid-term elections. And said that the Iran problem will end soon, no matter how it is.
2. According to reports, the United States will send up to 10,000 additional troops and a third aircraft carrier to the Middle East.
3. People familiar with the matter said that Iran’s foreign minister stated in private talks that Iran is willing to resume inspection personnel’s access to the bombed nuclear facilities in exchange for the lifting of sanctions.
4. According to reports, people familiar with the matter said that there was no negotiation on Iran’s nuclear program in recent meetings with mediators.
5. The Houthis said that Saudi Arabia has launched air strikes in many places in Yemen, but Saudi Arabia has not responded yet.
6. The fighting in the southwestern province of Yemen intensified, and 30 Houthi armed personnel were killed.
2. Speeches by Federal Reserve officials
1. Federal Reserve Governor Bowman said there is no need for further interest rate adjustments this year.
2. Federal Reserve Kashkari said that if the Federal Reserve continues to raise interest rates, it will bring different pressures to different areas of the economy.
3. Fed Jefferson said that inflation has been too high for too long and there is still a risk that it will remain high, but policymakers may need more time to judge whether further interest rate increases are necessary.
4. Fed Kashkari said that he is open to how quickly the Fed should raise interest rates; depending on the performance of the economy, the Fed may need to raise interest rates more than expected.
5. Federal Reserve Governor Cook said that the impact of supply shocks has been unexpectedly long-lasting and has become more significant in policy.
6. Federal Reserve official Collins said that economic growth is close to the trend level or above the trend level and will not predict the next meeting in advance.
7. Fed official Schmid said officials still have work to do on inflation.
8. Fed Williams said that artificial intelligence is affecting supply in ways that we do not yet fully understand.
3. Global market news
1. The U.S. Treasury Department conducted a liquidity repurchase operation of 10- to 20-year U.S. Treasury bonds worth $6 billion on October 1.
2. Traders have reduced their bets on the European Central Bank to raise interest rates and no longer fully digest the scenario of three interest rate hikes.
3. Traders no longer fully digest the possibility of the Bank of England raising interest rates four times before the end of 2027.
4. European Central Bank President Lagarde said that Europe must develop its own artificial intelligence capabilities.
5. Anthropic is reported to be planning a large-scale IPO before the Thanksgiving holiday, and plans to hold a pre-IPO investor day event on October 14.
6. According to reports, Nvidia and SoftBank have completed their last investment of US$10 billion in line with their respective commitments of US$30 billion in OpenAI’s last round of financing.
7. Microsoft launched mAI-transcribe-2-streaming and released the Mai-Transcribe model and Mai-Voice model.
8. Meta said that it will connect the personal AI agent Muse to AI glasses in the next few months.
9. Musk said that he would reduce the RAM of Tesla’s AI5 chip by half and reduce the RAM of the AI6 chip by one-third.
10. According to reports, Authentic is discussing acquiring Mattel for more than $20 per share.
11. Broadcom plans to provide up to US$42 billion in financing to Anthropic, which may become Broadcom’s largest chip design customer next year.
12. Samsung Electronics has raised the prices of most smartphones in the Galaxy S26 series.
13. U.S. Trade Representative Greer said that Europe should release some diesel stocks. Europe must act on overcapacity.
14. All three major U.S. stock indexes closed slightly higher, with the S&P 500 rising by 0.19%, the Nasdaq rising by 0.04%, and the Dow Jones Industrial Average rising by 0.04%. Optical communications and memory chip stocks surged, with Coherent rising by more than 10%, Ciena and lumentum rising by more than 7%, and SK Hynix rising by more than 5%. Nvidia rose more than 1%, hitting a new closing high since mid-May. Major European stock indexes closed down collectively, with Germany's DAX30 index falling 0.87%.
15. The settlement price of international crude oil futures closed sharply higher. WTI crude oil futures November contract rose 2.71%, Brent crude oil futures December contract rose 4.37%.
16. COMEX gold futures rose 0.5% to US$4,207.8 per ounce; COMEX silver futures rose 1.29% to US$61.35 per ounce. B[*ST Infineon: Signed a Reorganization Investment Agreement with Reorganization Investors] On September 17, *ST Infineon (002528.SZ) announced that the company signed a "Reorganization Investment Agreement" with 6 reorganization investors including China Science Holdings. The reorganization investors will subscribe for converted shares at 2.61 yuan per share, with a total investment of approximately 2.841 billion yuan. Among them, Guoke Holdings, as the lead investor, will gain control of the company. The investment funds from this restructuring are planned to be used to pay off debts, supplement working capital, etc., and strive to achieve an overall repayment rate of 80% of ordinary claims. The company reminded that there is still uncertainty about whether it can enter the reorganization process. If the reorganization fails, the company's shares will face the risk of being terminated from listing. Guoke Holdings is an industrial holding platform deeply involved in the field of integrated circuits. It has built a semiconductor manufacturing industry ecosystem with Hunan Guoke Microelectronics Co., Ltd. as the core, covering chip design, semiconductor materials, packaging and testing and other aspects. B[Two departments: Improving the level of artificial intelligence chip design] On September 15th, the Ministry of Industry and Information Technology and the National Development and Reform Commission issued the "15th Five-Year Plan for the Development of Electronic Information Manufacturing Industry". It mentioned that the design level of artificial intelligence chips should be improved and technological innovations such as tensor core data flow organization, mixed precision, dynamic sparse computing, and unified memory architecture should be strengthened. Focus on core performance indicators such as low latency, high throughput, and low power consumption, improve the comprehensive computing capabilities of general-purpose graphics processors (GPGPUs), application-specific integrated circuits (ASICs), SoCs and other processors, and lay out new routes such as soft-hard coupling inference chips. B[Beijing: Accelerate the construction of fifth-generation reduced instruction set architecture (RISC-V), chip, photovoltaic and electrical integration and other innovative platforms, continue to promote the iterative evolution of new architecture products such as storage and computing integration, and focus on cultivating an independent computing industry ecosystem] On September 9, the Beijing Municipal People's Government issued the "Beijing High-Precision Industry Development Plan during the "15th Five-Year Plan" Period. It pointed out that we should adhere to the integration of the whole chain, accelerate the upgrading of the whole stack, and create a "technical base" for self-reliance and self-reliance in high-level science and technology. We will make every effort to promote chip design capabilities to the forefront of the industry, accelerate the construction of fifth-generation reduced instruction set architecture (RISC-V), chip, photovoltaic and electrical integration and other innovative platforms, continue to promote the iterative evolution of new architecture products such as integrated storage and computing, and focus on cultivating an independent computing industry ecosystem. Build the country's leading comprehensive integrated circuit manufacturing base and improve the process yield and service efficiency of mass production lines. Develop advanced packaging technology, strengthen design and manufacturing linkage, and systematically build a full-stack delivery system. Establish domestic leading electronic design automation (EDA) tools and process design kit (PDK) supporting service capabilities, and accelerate the research and development and industrialization process of characteristic processes and measurement equipment. A[September 4 morning news selection]
1. Huang Ling, spokesperson of the Ministry of Commerce, said at a regular press conference held on the 3rd that the United States has repeatedly sanctioned Chinese companies and citizens on the grounds of involvement in Iran, despite China’s repeated representations. China is strongly dissatisfied with this and firmly opposes it. China urges the United States to immediately correct its wrongdoings and lift sanctions on relevant Chinese companies and citizens. China will firmly safeguard the legitimate rights and interests of our companies and citizens.
2. Ten departments including the Ministry of Industry and Information Technology issued the "15th Five-Year Plan for Promoting the Development of Small and Medium-sized Enterprises", which proposed that by 2030, the per capita operating income of small and medium-sized enterprises above designated size will increase by about 15% cumulatively; vigorously develop venture capital, and establish the second phase of the National Small and Medium-sized Enterprise Development Fund to drive social capital to invest in early, small, long-term, and hard technologies.
3. Shenzhen Securities Information Co., Ltd. is scheduled to release the GEM Chip Index on September 4. The GEM Chip Index (code 970096) selects the top 50 GEM stocks with average daily total market capitalization in the past six months as index samples among the GEM stocks whose companies are involved in chip-related fields such as semiconductor materials and equipment, chip design, chip manufacturing, chip packaging and testing.
4. At the "2026 World Power Battery Conference" held yesterday, the Equipment Industry Development Center of the Ministry of Industry and Information Technology released the "Power Battery Industry Development Index (2026)". Qu Guochun, director of the Equipment Industry Development Center, said that in the medium to long term, sodium batteries will replace some low-end lithium batteries, and the popularity of all-solid-state batteries depends on cost control in the industry chain.
5. We learned from a number of pharmaceutical companies that the 2026 national basic medical insurance drug catalog negotiation and bidding and the commercial insurance innovative drug catalog price negotiation will be launched on September 5 at the National People's Congress Conference Center.
6. Many banks have expressed that the "lender's age + loan term" should not exceed the threshold of 75 years. This also means that if this standard is followed, borrowers born before 1991 will no longer be able to apply for a 40-year personal mortgage loan when they apply for a new mortgage.
7. The IPO review status of Yangtze Memory Holdings Co., Ltd.’s initial public offering of shares and listing on the Science and Technology Innovation Board was changed to “inquiry”.
8. TSMC executives said that there are close to 20 wafer factories under construction around the world, and TSMC’s demand for chip manufacturing tools has almost doubled since the end of last year, a rate not seen in 30 years.
9. Xingyun Technology announced that it has signed a computing power leasing agreement worth 922 million yuan. Changdian Technology announced that it plans to raise no more than 6.5 billion yuan in additional capital for high-performance computing high-end advanced packaging platform expansion projects. Jingzhida announced that it recently signed a 1.576 billion yuan semiconductor testing equipment purchase agreement with a customer.
10. Jinlong Shares announced that it has reached preliminary intention to transfer 20% of Dongguan Securities shares.
11. Montage Technology announced that CXL3.2 chip will be imported into Samsung SK Hynix and PCIeSwitch will be taped out within the year.
12. Fosu Technology announced that it plans to invest 7.158 billion yuan to build two green high-end separator projects.
13. 4-Day 3-Board Jindi Co., Ltd. announced that the two liquid cooling projects of its subsidiary have not yet formed mass production capabilities, and no formal orders or agreements have yet been formed.
14. The three major U.S. stock indexes collectively closed higher, with the Dow Jones Industrial Average rising 1.18%, the Nasdaq Composite Index rising 1.4%, and the S&P 500 Index rising 1.06%. Cryptocurrency concept stocks and gold mining stocks strengthened; Tesla rose by more than 5%, and SpaceX rose by more than 6%.
15. Fed Governor Waller said that the CPI and PPI are expected to be "at reasonable levels" next month; the current interest rate setting can bring the United States back to the 2% inflation level; to give inflation a chance to fall back, we can wait for an interest rate meeting before making a decision.
16. Ukrainian President Zelensky said that the United States has confirmed that it will hold talks in Moscow and Kiev respectively, and Ukraine expects that the talks in Kiev will be held in the near future.
17. U.S. mortgage interest rates climbed to 6.71%, the highest level since July 2025.
18. According to data from the American Association of Investment Companies, the size of U.S. money market funds hit a record high of $7.98 trillion.
19. NVIDIA announced that the NVIDIA Rtx Spark Windows PC will be available in October 2026.
20. Volkswagen said that a survey as the basis for its 2030 strategic plan showed that the company will adjust its employee size within the group, involving the reduction of approximately 50,000 positions. B[IDAS 2026 Design Automation Industry Summit was held in Shanghai: Shanghai will accelerate EDA/IP breakthroughs and strengthen cutting-edge technological innovations such as AI EDA] September 1st, according to the Shanghai Economic and Information Technology Commission, on the morning of September 1st, the "IDAS 2026 Design Automation Industry Summit" was successfully held at Shanghai Zhangjiang Science Hall. The summit focused on industry development hotspots such as Tao's Law, system collaboration and innovation for discussions and exchanges. EDA is a basic software tool for chip design, manufacturing, packaging and other aspects, and it is also the basis for supporting the ecological construction of the integrated circuit industry. Under the guidance and support of the Ministry of Industry and Information Technology, Shanghai has actively formulated and implemented EDA/IP innovative development support policies, established industry merger and acquisition funds, established the Shanghai EDA/IP Innovation Center and the EDA Development Promotion Association, accelerated the improvement of the industrial ecology, and helped enterprises become bigger and stronger. In the next step, Shanghai will focus on the innovative development of the entire integrated circuit industry chain, accelerate the construction of platform carriers, accelerate EDA/IP breakthroughs, strengthen cutting-edge technological innovations such as AI EDA, support product application promotion, continue to optimize the industrial ecology, and accelerate the creation of an integrated circuit design automation innovation highland with international influence and competitiveness. A[MSCI China Index adjustment takes effect today, 33 stocks are included] After the market close on August 31, the MSCI China Index quarterly adjustment will officially take effect. 33 stocks were included and 32 stocks were removed. Previously, on August 12, local time, MSCI announced the results of the August 2026 index review of the MSCI stock index. The adjustment will take effect after the close of trading on August 31.
In this adjustment, the MSCI China Index newly included 33 stocks including Zhipu and Dingtai High-Tech, while excluding 32 stocks including Vanke A and Yonghui Supermarket. The 33 newly included targets cover multiple cutting-edge fields such as semiconductors, AI, medicine, new materials, and precision manufacturing. It is worth noting that 10 companies on the Science and Technology Innovation Board have been newly added to the MSCI China Index this time, 7 of which are from the semiconductor industry chain, covering all aspects of chip design, manufacturing, packaging and testing, equipment, materials, etc., highlighting the continued increase in the attractiveness of China's hard technology sector in the global capital market. (CCTV Finance)
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