A[September 1 morning news selection]
1. On the afternoon of August 31, local time, President Xi Jinping met with Russian President Vladimir Putin during the 2026 Shanghai Cooperation Organization Summit in Bishkek.
2. Premier Li Qiang of the State Council chaired an executive meeting of the State Council on August 31 to study the work related to promoting high-quality development of investment. The meeting pointed out that standardizing investment promotion is an important part of building a unified national market. We must continue to work hard and achieve long-term results, clarify the specific behaviors encouraged and prohibited by the government's investment promotion, and pay close attention to various tasks on the basis of summarizing practical experience.
3. Seven departments including the Ministry of Commerce issued implementation opinions on promoting the expansion and upgrading of commodity consumption. By 2030, the total retail sales of consumer goods will reach about 60 trillion yuan, and the retail sales of trillion-level categories such as automobiles, home appliances, communication equipment, textiles and clothing will continue to grow.
4. The General Office of the Ministry of Industry and Information Technology issued a notice on launching a special action to cultivate artificial intelligence application service providers, exploring the use of first purchase, first use, risk compensation and other models to increase the procurement of large models, agents, tokens and other services to improve the quality and efficiency of intelligent use of models in the industry.
5. The Ministry of Finance announced that the total operating revenue of state-owned enterprises from January to July was 46,446.64 billion yuan, a year-on-year decrease of 2.4%; the total profit was 2,508.99 billion yuan, a year-on-year increase of 0.6%. From January to July, taxes and fees payable by state-owned enterprises were 3.66156 billion yuan, a year-on-year increase of 5.0%.
6. Online platform data shows that the average air ticket price in the first week of September dropped 35% from the summer peak and was 50% cheaper than the first day of the National Day. The climate in various places is suitable, opening the "golden leakage period". There are currently a large number of 10% off economy class tickets on sale. For example, direct air tickets from Beijing to Taiyuan, Shanxi and other places on September 1 (including engine fuel costs) have dropped below 300 yuan.
7. Hebei Province recently issued the “Hebei Province “15th Five-Year Plan” Basic Surveying and Mapping Plan. According to the plan, from 2026 to 2030, Hebei will optimize the spatial layout of the provincial Beidou navigation and positioning reference station network, and regularly carry out dynamic updates of the surveying and mapping reference framework to ensure the stable and reliable operation of the base station network. In five years, Hebei will realize Beidou real-time normal high-release services.
8. ByteDance increased the price of Doubao shares from $14.85 per share in June to $17.02 per share, and increased the number of Doubao shares issued, and employees can adjust the proportion of Doubao shares in the total package.
9. Suiyuan Technology announced that the company’s initial public offering of shares was listed on the Science and Technology Innovation Board. The issuance price was 142.18 yuan per share, the number of shares issued was 43.035173 million, and the total amount of funds expected to be raised was 6.119 billion yuan.
10. Huawei Investment Holdings Co., Ltd.’s revenue in the first half of the year was 467.819 billion yuan, compared with 427.039 billion yuan in the same period last year; R&D expenses were 121.382 billion yuan, compared with 96.950 billion yuan in the same period last year; net profit was 23.427 billion yuan, compared with 37.05 billion yuan in the same period last year.
11. Zhipu’s revenue in the first half of the year was 953.9 million yuan, a year-on-year increase of approximately 400%; gross profit was 251.6 million yuan; operating loss was 2.15 billion yuan.
12. We learned from China Jushi that the company has officially raised the price of electronic cloth in September, with the price of thick cloth rising by 15% and thin cloth rising by 20%.
13. Ingenic Co., Ltd. released an investor relations activity record announcement. In the third quarter, DRAM prices continued to rise and demand was strong and supply was tight. Price increases are expected to continue in the fourth quarter.
14. Xiangshan Shares announced that it plans to issue shares and pay cash to acquire 100% of the equity of Wuluo Wisdom, and the stock is suspended. Sichuan Jiuzhou announced that it plans to acquire 6.2472% equity of Jiuzhou Optoelectronics to form industrial linkage with it in fields such as high-speed optical modules. International Composites announced that it plans to raise no more than 5 billion yuan to invest in projects such as high-performance electronic fiber cloth.
15. Zhongji InnoLight announced that it plans to repurchase shares worth 4 billion to 8 billion yuan for equity incentives or employee stock ownership plans.
16. The three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.7%, with a cumulative gain of 1.34% in August. The Nasdaq fell 0.12%, with a cumulative gain of 3.93% in August. The S&P 500 Index fell 0.33%, with a cumulative gain of 2.62% in August.
17. US President Trump announced a new drug pricing agreement; nine pharmaceutical companies promised to sell at low prices. Currently, 26 companies have signed up to participate in the plan, covering 90% of the pharmaceutical market.
18. The General Staff of the Iranian Armed Forces issued a statement stating that Iran will never tolerate any acts of aggression on the premise of respecting the national sovereignty of its neighboring countries and will respond more strongly to such acts.
19. Goldman Sachs predicts that the average price of humanoid robots will drop from US$41,800 in 2025 to US$21,300 in 2035.
20. Nvidia CEO Jensen Huang said that the VeraRubin platform can bring Nvidia more than 40 billion US dollars in revenue per gigawatt. A[Overnight global news you need to know on Tuesday: Affected by the situation between the United States and Iran, Brent oil prices stood at US$90 per barrel; Huang Renxun said that VeraRubin can bring more than US$40 billion in revenue per gigawatt to Nvidia]
1. The three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.7%, rising 1.34% this month; the Nasdaq fell 0.12%, rising 3.93% this month; the S&P 500 fell 0.33%, rising 2.62% this month. The utility sector led the decline, and cryptocurrency concept stocks rose; Amazon fell more than 2%, and the company was sued by the U.S. Federal Trade Commission; Tesla rose more than 5%, hitting a new high in more than a month.
2. The U.S. Federal Trade Commission and more than 20 states will accuse Amazon of seeking billions of dollars in revenue by manipulating advertising prices on its retail platform.
3. U.S. President Trump announced a new drug pricing agreement; nine pharmaceutical companies promised to sell at low prices. Currently, 26 companies have signed up to participate in the plan, covering 90% of the pharmaceutical market.
4. U.S. Treasury Secretary Bessent said that he will meet with his Canadian counterpart during the G20 summit.
5. The large Saudi oil tanker Cedar was intercepted while passing through the southern channel of the Strait of Hormuz.
6. The General Staff of the Iranian Armed Forces issued a statement stating that Iran will never tolerate any acts of aggression on the premise of respecting the national sovereignty of its neighboring countries and will respond more strongly to such acts.
7. Nvidia CEO Jensen Huang said that the VeraRubin platform can bring Nvidia more than $40 billion in revenue per gigawatt.
8. Goldman Sachs predicts that the average price of humanoid robots will drop from US$41,800 in 2025 to US$21,300 in 2035.
9. Nvidia will invest US$3.5 billion in chip manufacturer MediaTek; Alphabet participated in MediaTek’s record-breaking US$3.9 billion overseas convertible bond issuance.
10. The U.S. Strategic Petroleum Reserve crude oil inventory decreased by approximately 3.1 million barrels last week to 286.6 million barrels.
11. Affected by the situation between the United States and Iran, international oil prices rose. WTI crude oil futures closed at US$85.76 per barrel, an increase of 2.83%; Brent crude oil futures closed at US$90.49 per barrel, an increase of 2.71%.
12. Most major European stock indexes closed lower, with the British FTSE 100 index rising by 0.29%, the French CAC40 index falling by 0.65%, and the German DAX30 index falling by 1.09%.
13. Apple’s Phil Schiller steps down as head of App Store and product launches.
14. Microsoft and Humain have expanded their strategic cooperation and plan to jointly launch Humain One products integrating Microsoft 365.
15. AWS will launch its first cloud infrastructure region in Saudi Arabia by December 2026. A[Reminder of important events in the capital market next week: China’s official PMI data for August will be released on Monday; US non-agricultural data for August will be released on Friday; Suiyuan Technology will open subscriptions on Wednesday. The “Four Domestic GPU Tigers” will gather in the capital market]
1. On August 31, China’s official PMI data for August was released, including manufacturing PMI, non-manufacturing business activity index, etc. Previously, China's manufacturing PMI was 49.2% in July.
2. The August non-farm employment report will be released on Friday (September 4). Nonfarm payrolls unexpectedly dropped by 23,000 in July, the worst rate of the year, and the market expected an increase of 55,000 in August. This data can reflect the stability of the job market and whether high inflation is transmitted to wages. Investors will use this to judge the possibility of the Federal Reserve raising interest rates as early as September.
3. From August 31 to September 1, under the auspices of the Kyrgyz Republic, the meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization will be held in Bishkek. The heads of state will review current international and regional hot issues, discuss the development of multilateral cooperation, and the prospects for cooperation in areas such as political security, economy and trade, transportation, energy, digitalization, artificial intelligence, people-to-people and cultural exchanges, and sustainable development.
4. The G20 Finance Ministers and Central Bank Governors Meeting will be held from August 31 to September 1 in Asheville, North Carolina, USA, and will be chaired by Bessant. This is also the first major appearance of the United States re-leading the multilateral agenda after eschewing the South African-led G20 process last year.
5. Three new stocks will be issued next week (August 31st to September 6th), including 2 on the Science and Technology Innovation Board and 1 on the Beijing Stock Exchange. Specifically, Baimeike was issued on August 31; Suiyuan Technology was issued on September 2; and Sinovac was issued on September 3. Among them, Suiyuan Technology, Moore Thread, Muxi Technology, and Biren Technology are collectively known as the "Four Little Dragons of Domestic GPUs." Previously, the closing gains of Moore Thread, Muxi Shares, and Biren Technology on the first day of listing were 425.46%, 692.95%, and 75.82% respectively.
6. The MSCI index will take effect after the closing of August 31 after the August index review and adjustment results. Among them, the MSCI China Index newly included 33 targets such as Zhipu, and excluded 32 targets such as GCL Technology and Kingdee International. Of the 33 stocks included this time, 31 are from A shares.
7. Broadcom’s financial report performance next week will affect artificial intelligence (AI) trading trends. Other companies worthy of attention include Dell Technologies, HP Enterprise, Lululemon, Medtronic, etc. Chinese concept stock NIO will also release results.
8. Shein is scheduled to IPO in Hong Kong on September 1. Documents show that Shein will raise US$1.7 billion through the Hong Kong IPO and issue approximately 280 million shares at a price of HK$48.56 per share.
9. Baidu’s dual primary listing on the Hong Kong Stock Exchange and Nasdaq will take effect on September 1. According to the company's announcement, this move has improved the liquidity and financing flexibility of the two places. The return of Chinese concept stocks to the benchmark continues to have significance. Pay attention to the sentiment of the Hong Kong stock technology sector.
10. Next week (August 31-September 6), a total of 31 companies will gradually lift their restricted shares. Calculated based on the closing price on August 28, the top three companies in terms of market value after the release of the ban are: Aerospace Intelligent Manufacturing (6.05 billion yuan), Honghe Technology (3.46 billion yuan), and Juren New Materials (1.13 billion yuan).
11. The 2026 World Power Battery Conference will be held in Yibin, Sichuan from September 3 to 4. It aims to promote global green, low-carbon and sustainable development and accelerate the high-quality development of the power battery and new energy vehicle industries.
12. The 2026 China International Consumer Electronics Expo will be held in Qingdao from September 4th to 6th. With the theme of "AI Leading the Intelligent Future", the expo aims at the forefront and future trends of today's global consumer electronics industry.
13. The 14th Semiconductor Equipment Materials and Core Components Exhibition (CSEAC2026) will be held in Wuxi from August 31 to September 2. It is an exhibition in the field of semiconductor equipment materials and core components. The exhibition planning exceeds 70,000 square meters and gathers more than 1,300 domestic and foreign companies, covering wafer manufacturing equipment, packaging and testing equipment, core components and materials, and other fields. Overseas exhibitors account for 16%.
14. The G20 Science and Technology Ministerial Meeting will be held in North Carolina, USA, from September 1st to 2nd. Technology giants such as Musk, Huang Jensen, and Altman will attend.
15. The Federal Reserve will release the latest Beige Book on economic conditions on September 3. At the same time, many members of the Federal Open Market Committee will speak on the economic outlook and monetary policy. The market will pay attention to its hints on the timing of interest rate cuts.
16. Tesla will release Cybercab, a self-driving model without a steering wheel and pedals, in Austin on September 3, local time.
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