A[Morning News Selection on October 19th]
1. Premier Li Qiang chaired an executive meeting of the State Council on the 16th. The meeting pointed out that it is necessary to continuously deepen and expand the "artificial intelligence +" action, strengthen technological research and algorithm innovation; it is necessary to control low-price and disorderly competition in accordance with laws and regulations, and improve supporting rules such as industry cost surveys and prohibiting low-price dumping.
2. The Ministry of Commerce and the Ministry of Science and Technology announced on the 16th that they plan to revise the "China's Catalog of Prohibited and Restricted Export Technologies" to include some artificial intelligence, biomedicine, and photovoltaic technologies.
3. Four departments including the Ministry of Industry and Information Technology organized discussions with more than 30 automobile companies to strengthen the innovative design and R&D testing and verification management of automobile products.
4. The 2026 Financial Street Forum Annual Meeting will be held in Beijing’s Financial Street from October 19th to 22nd. Pan Gongsheng, Ding Xiangqun, Wu Qing, and Zhu Hexin will attend the 2026 Financial Street Forum Annual Meeting and deliver keynote speeches.
5. Pan Gongsheng attended the 54th International Monetary and Financial Committee meeting. The meeting held that the rapid development of artificial intelligence technology has exacerbated the risk of differentiation, and the world economy still faces downward risks.
6. The 6th RISC-V China Summit will be held from October 18th to 20th at the Shenzhen Convention and Exhibition Center (Futian). Frost & Sullivan estimates that China's RISC-V main control chip market will reach approximately 219.4 billion yuan in 2030.
7. Morgan Stanley said that in 2027, the scale of new computing power in the data centers of ultra-large-scale cloud vendors and emerging clouds will surge by 48% year-on-year, reaching 32 gigawatts.
8. Frost & Sullivan, an international consulting organization, recently released the "2026 Global Humanoid Robot Market Research Report". In the first half of this year, global sales of humanoid robots reached 36,000 units, exceeding the 35,000 units in the whole of 2025; market revenue reached US$540 million.
9. Changxin Technology announced that in the first three quarters, it had a pre-profit of RMB 131 billion to RMB 132.5 billion year-on-year, and the chairman proposed to repurchase shares of RMB 1 billion to RMB 2 billion.
10. Dingtai High-tech announced that the chairman proposed to repurchase A shares for 50 million to 100 million yuan; Montage Technology announced that the independent directors proposed to repurchase A shares for 300 million to 500 million yuan; Zhongke Shuguang announced that the chairman proposed to repurchase the company's shares for 300 million to 500 million yuan; Haiguang Information announced that the chairman proposed to repurchase 500 million to 800 million yuan of shares; Shengyi Technology announced that the chairman proposed to repurchase A shares for 200 million to 300 million yuan.
11. Shenghong Technology announced that the actual controller proposed that the company repurchase A shares for 150 million to 300 million yuan; OmniVision Group announced that it planned to repurchase A shares for 250 million to 500 million yuan; Shandong Gold announced that it planned to repurchase shares for 300 million to 400 million yuan to cancel and reduce registered capital.
12. Sihui Fushi announced that its net profit in the third quarter increased by 217% year-on-year; Welgo announced that its net profit in the third quarter increased by 462% year-on-year; Kexiang announced that its net profit in the first three quarters was 244 million yuan; Yongtai Technology announced that its net profit in the first three quarters increased by 1,222% year-on-year.
13. Demingli announced that it expected net profit in the first three quarters to be 8.65 billion yuan to 8.95 billion yuan year-on-year; Jialichuang announced that net profit in the first three quarters was expected to increase by 79%-118% year-on-year; Hengtong Optoelectronics announced that net profit in the first three quarters was expected to increase by 151%-168% year-on-year; Jinhaitong announced that net profit in the first three quarters was expected to increase by 148% to 172% year-on-year.
14. Shengyi Electronics announced that net profit in the first three quarters is expected to increase by 68%-75% year-on-year; Tengjing Technology announced that net profit in the third quarter is expected to increase by 61.68%-76.38% year-on-year; Shengyi Technology announced that net profit in the first three quarters is expected to increase by 164%-181% year-on-year.
15. Shenhao Technology announced that its subsidiary signed a purchase contract for computing power equipment worth 881 million yuan; Dataport announced that it plans to purchase computing power services of no more than 1 billion yuan.
16. Shenghe Resources announced that it plans to transfer 51% of the equity of four rare earth smelting and separation subsidiaries to China Rare Development.
17. The market has reduced expectations for the Federal Reserve to raise interest rates in October. After Federal Reserve Chairman Warsh's "dovish" speech, the probability of raising interest rates dropped from about 27% to less than 15%.
18. Trump signed an executive order on the 16th local time to suspend the implementation of a new round of large-scale sanctions against the Russian economy passed by the US Congress.
19. Trump said in an interview at the White House on the 15th that the United States may launch another attack on Iran’s nuclear facilities, including the underground nuclear facility in Haoshan.
20. According to reports, India has ordered state-owned fuel retailers to stop purchasing ethanol produced from sugar and the main sugar cane raw material, a move that may help curb rising sugar prices. The ban will come into effect in India's new supply year starting on November 1.
21. Last Friday, the three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.34%, the Nasdaq Composite fell 2.14%, and the S&P 500 Index fell 1.09%. Popular technology stocks generally fell. The Storage Concept Index fell 6.28%. The Philadelphia Semiconductor Index fell 3.83%, marking the eighth consecutive trading day of decline. SanDisk, Western Digital, and SK Hynix fell more than 6%.
22. Last Friday, the settlement price of WTI crude oil futures increased by 3.51%, and the settlement price of Brent crude oil futures rose by $3.94. COMEX gold futures closed up 0.4%, while COMEX silver futures fell 0.04%.
23. When talking about the shock in the AI market, Huang Renxun said: "This will all pass." Huang expressed optimism, saying the benefits of the technology would soon allay investor concerns.
24. According to people familiar with the matter, SoftBank Group is considering acquiring Allied Universal, the largest security services company in the United States, and founder Masayoshi Son is exploring ways to implement AI-driven robots across the industry.
25. The artificial intelligence company OpenAI is laying out the humanoid robot research and development track. Sam Altman disclosed the progress of related projects. The project will focus on the research and development of robot intelligent systems as its core research direction. A[Overnight global news you need to know on Saturday: The Nasdaq fell more than 2% and popular technology stocks generally fell; Huang Renxun said that the AI market shock "all this will pass"; technology reporter Gurman said Apple launched the iPhone Duo too early]
1. The three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.34%, the Nasdaq Composite fell 2.14%, and the S&P 500 Index fell 1.09%. Popular technology stocks generally fell. The Storage Concept Index fell 6.28%. The Philadelphia Semiconductor Index fell 3.83%, marking the eighth consecutive trading day of declines. SanDisk, Western Digital, and SK Hynix fell more than 6%.
2. Jen-Hsun Huang talks about the shock in the AI market: “This will all pass.” Huang expressed optimism, saying the benefits of the technology would soon allay investor concerns.
3. Technology reporter Gurman said that Apple apparently launched the iPhone Duo prematurely due to limited supply, just to make it available earlier. He believes that Apple knew that reasonable supply would not be available until November at the earliest.
4. Morgan Stanley said that in 2027, the scale of new computing power in the data centers of hyperscale cloud vendors (Hyperscalers) and emerging clouds (neocloud) will surge by 48% year-on-year, reaching 32 GW.
5. U.S. President Trump said in an interview at the White House on the 15th that the United States may launch another attack on Iran’s nuclear facilities, including the underground nuclear facility in Haoshan.
6. According to the U.S. Department of the Treasury, the U.S. budget deficit in September was US$26.9 billion, the fiscal deficit in fiscal year 2026 will be US$1.99 trillion, and the fiscal deficit in fiscal year 2025 will be US$1.78 trillion.
7. U.S. bank deposits increased to $19.771 trillion from $19.694 trillion in the previous week.
8. According to multiple US media reports on the 16th, Katie Zakaria, who took office less than a week ago, will no longer serve as White House press secretary.
9. Lawmakers on Capitol Hill in the United States have proposed legislation that would block President Trump’s Russian diesel deal.
10. According to a document, the United States will provide up to 17 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). Crude oil will be provided through a swap program, in which participants borrow crude oil first and return it at a later date, with delivery times from November to January next year.
11. On the evening of the 16th local time, a huge explosion was heard in Aden, Yemen, and it was suspected that it was attacked by a missile from the Houthi armed forces.
12. Standard & Poor's confirmed the Netherlands' "AAA/A-1+" rating with a stable outlook; it raised Egypt's rating to B3.
13. According to people familiar with the matter, SoftBank Group is considering acquiring Allied Universal, the largest security services company in the United States, and founder Masayoshi Son is exploring ways to implement AI-driven robots across the industry.
14. The settlement price of WTI crude oil futures was US$101.41 per barrel, an increase of US$3.44, or 3.51%. Brent crude oil futures settled at $109.86 per barrel, up $3.94, or 3.72%.
15. COMEX gold futures closed up 0.4% at US$4,186.7 per ounce; COMEX silver futures fell by 0.04% at US$57.135 per ounce.
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