GMT EIGHT - OPPORTUNITIES IN CHINA

POWERLONG (01238) had a total contracted sales of approximately 4.43 billion yuan in the first eight months, a year-on-year decrease of 9.7%.

Baolong Properties (01238) announced that the group's contracted sales in August 2026 (including those from jointly controlled entities and associates) were approximately RMB 460 million, a year-on-year decrease of 23.59%, with a contracted sales area of approximately 55,000 square meters. For the eight months ending August 31, 2026, the group's total contracted sales (including those from jointly controlled entities and associates) amounted to approximately RMB 4.43 billion, a year-on-year decrease of 9.7%, with a total contracted sales area of approximately 441,400 square meters.

POLY PROPERTY (00119) achieved a cumulative contract sales amount of approximately 29.3 billion yuan in the first 8 months, a year-on-year decrease of 17.7%.

Poly Real Estate Group (00119) announced that in August 2026, the group achieved a contracted sales amount of approximately RMB 3.1 billion, with a contracted sales area of about 114,000 square meters, and a contracted average sales price of approximately RMB 27,540 per square meter.

Germany's stock market "catch-up trading" has come to a halt: MDAX underperforms DAX, and the 500 billion stimulus is difficult to realize.

The weak performance of the German economy may seem somewhat unreasonable, considering the large-scale stimulus measures injected by the government.

Hong Kong Monetary Authority: By the end of August, Hong Kong's official foreign exchange reserves totaled $442.9 billion.

As of the end of August 2026, Hong Kong's official foreign exchange reserves amounted to $442.9 billion.

The State Administration of Foreign Exchange: At the end of August, China's foreign exchange reserves reached 34,383 billion USD, an increase of 0.57% month-on-month.

As of the end of August 2026, China's foreign exchange reserves amounted to $343.83 billion, an increase of $19.5 billion from the end of July, representing a rise of 0.57%.

Ministry of Industry and Information Technology: Launch 6G commercial services at the right time, and build a new generation of communication networks with leading performance by 2030.

On September 7, the Ministry of Industry and Information Technology issued a notice regarding the publication of the "14th Five-Year Plan for the Development of the Information and Communication Industry."

Strong non-farm payrolls deliver "rate hike" ammunition, will CPI prompt the Federal Reserve to pull the trigger? The September rate hike script faces a crucial test.

Recent statements by Federal Reserve Chair Waller and one of the Fed governors have indicated that the burden of proof has shifted only a significant unexpected decline in the CPI could prevent the Federal Reserve from resuming interest rate hikes.

Ministry of Commerce: Preliminary determination that the investigated products imported from Japan are being dumped; temporary anti-dumping measures will be implemented in the form of a cash deposit.

On September 7, the Ministry of Commerce announced its preliminary ruling on the anti-dumping investigation of imported dichlorodihydrosilane originating from Japan.

A-share closing review | ChiNext index opened high and continued to rise by 3.41%, with a collective outbreak in computing hardware.

On September 7, the three major indices of A-shares collectively closed higher, with the Innovation and Entrepreneurship Index leading the gains after opening high and rising further, while the Shanghai Composite Index fluctuated and closed basically flat.

Germany's industrial output plummeted by 1.1%, marking the largest decline in nearly a year, while the automotive industry experienced a drastic drop of 9.2%.

Data shows that Germany's output fell by 1.1% in July, while economists had previously predicted a growth of 0.2%. The data for June initially indicated a slight increase, which has now been revised to zero growth.

The new British Chancellor, Hunt, faces a major test of his budget: can fiscal discipline and growth commitments be reconciled?

On October 28, the UK's new Chancellor of the Exchequer, Jeremy Hunt, will deliver his first budget. The bond market is closely watching fiscal discipline, as growth pressures test governance wisdom.

Is the global asset revaluation window opening? Trump's approval rating has hit a new low, and economic grievances have become the biggest variable in the midterm elections.

A poll by the UK's Financial Times shows that Trump's approval rating has fallen to a historic low.

Jensen Huang said emphatically, AGI has arrived! He praised OpenAI for the release of GPT-6 Astra.

NVIDIA (NVDA.US) CEO Jensen Huang publicly stated after OpenAI released GPT-6 Astra that "general artificial intelligence (AGI) has arrived."

Goldman Sachs: China's large banks strengthen capital through a second round of injection, favoring China Construction Bank Corporation (00939) and Bank Of China (03988)

Goldman Sachs believes that the new round of capital injection further strengthens the capital adequacy of domestic banks, providing greater flexibility for future loan growth and shareholder returns.

The Hong Kong Monetary Authority: Hong Kong will continue to deepen carbon reduction effectiveness and enhance climate resilience to solidify its position as a sustainable financial hub.

The Hong Kong Monetary Authority will continue to update the classification directory, guided by market development, public policy, industry priorities, and the latest technological advancements, in order to consolidate Hong Kong's position as a sustainable financial hub in the region.

Goldman Sachs warns: If attacks on vessels in the Middle East escalate, oil prices could rise to 120 dollars.

Goldman Sachs warned that if shipping attacks in the Middle East escalate further, international oil prices could climb to $120 per barrel. The bank also recommended that investors capitalize on related gains by going long on natural gas and diesel.

Chan Mau Bo: Hong Kong is a rapidly emerging hub of innovation that complements the advantages of cities in the Greater Bay Area.

Hong Kong's Financial Secretary Paul Chan Mo-po attended the opening ceremony of the "Co-creation and Co-investment Industry Acceleration Summit" hosted by the Hong Kong Science and Technology Parks Corporation. He stated that Hong Kong's exports of electronic products and semiconductors are experiencing strong growth, and there is a vigorous demand in the capital market for the listing of artificial intelligence companies.

The Hong Kong Monetary Authority has launched a public consultation on the prototype for Phase 2B of the Hong Kong Sustainable Finance Classification Framework.

The Hong Kong classification directory is an important tool that provides market participants with a foundation for decision-making in green and sustainable finance.

RIBOLIFE-B (06938) has been included in the Hang Seng Composite Index constituents and added to the list of stocks eligible for the Hong Kong Stock Connect.

Reborn Life Sciences-B (06938) announced that, according to the announcement from Hang Seng Indexes Company Limited, the company's shares have been included in the constituents of the Hang Seng Composite Index, and have also been added to the list of securities eligible for southbound trading under the Mutual Market Access between Hong Kong and mainland China (Stock Connect), effective from September 7, 2026.

IMPACT THERAP-B (07630) has been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect securities list.

Yinpai Pharmaceutical-B (07630) announced that, according to the announcements issued by the Shanghai Stock Exchange and Shenzhen Stock Exchange, the company's H shares have been included in the list of qualified securities for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs, effective from September 7, 2026.

CREALIGHTS (01191) has been included in the Stock Connect program for Hong Kong stocks.

Haiguangxin Zheng (01191) announced that, according to the notices on the adjustment of eligible securities under the Stock Connect scheme issued by the Shanghai Stock Exchange on September 4, 2026, and the Shenzhen Stock Exchange on September 7, 2026, the company has been included in the list of eligible securities under the Stock Connect programs, effective from September 7, 2026. After being included in the list, eligible investors in mainland China will be able to buy and sell shares directly through the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

XUNLONG SCITECH (06715) will distribute an interim dividend of 0.75 yuan per share on November 11.

Sturgeon Dragon Technology (06715) announced that the company will distribute a mid-term dividend of RMB 0.75 per share for the first half of 2026 on November 11, 2026.

BIDU-W (09888) Class A ordinary shares have been included in the Stock Connect Program between Shenzhen and Hong Kong.

Baidu Group-W (09888) announced that, according to the "Announcement on the Adjustment of the List of Stock Connect Securities under the Shenzhen-Hong Kong Stock Connect" released by the Shenzhen Stock Exchange on September 7, 2026, the companys Class A ordinary shares have been included as securities under the Shenzhen-Hong Kong Stock Connect, effective from September 7, 2026.

HQVT (01392) has been included in the list of securities eligible for Hong Kong Stock Connect.

Haqing Zhiyuan (01392) announced that, according to the announcement regarding adjustments to the list of Hong Kong Stock Connect eligible securities released by the Shanghai Stock Exchange and Shenzhen Stock Exchange, the shares issued by the company and listed on the Hong Kong Stock Exchange Limited have been included in the list of eligible securities for Stock Connect (hereinafter collectively referred to as Hong Kong Stock Connect), effective from September 7, 2026.

ASCLETIS-B (01672) has been included in the Hong Kong Stock Connect list under the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs.

Singlera Pharmaceuticals-B (01672) announced that, according to recent announcements from the Shanghai Stock Exchange and the Shenzhen Stock Exchange, the company's ordinary shares traded on The Stock Exchange of Hong Kong Limited have been included in the list of eligible securities under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (collectively referred to as Stock Connect) program, effective from September 7, 2026. After being included in the list, qualified investors in mainland China will be able to trade the company's shares through the Stock Connect channel.

TONGGUAN GOLD (00340) has been included in the list of securities eligible for Hong Kong Stock Connect.

Tongguan Gold (00340) announced that, based on (i) the "Notice on the Adjustment of the Hong Kong Stock Connect Securities List" published by the Shanghai Stock Exchange on September 7, 2026, and (ii) the "Announcement on the Adjustment of the Securities List under the Shenzhen-Hong Kong Stock Connect" published by the Shenzhen Stock Exchange on September 7, 2026, the company's shares have been included in the securities list of the Hong Kong Stock Connect and will take effect from September 7, 2026.

HENLIUS (02696) has been included in the list of stocks eligible for the Hong Kong Stock Connect.

Fuhong Hanlin (02696) announced that, based on the notices issued by the Shanghai Stock Exchange and the Shenzhen Stock Exchange regarding the adjustment of underlying stocks for the Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect respectively, the company has been included in the list of underlying stocks eligible for the Hong Kong Stock Connect. This adjustment will take effect from September 7, 2026.

VIEWTRIX TECH (03310) has been added to the list of securities eligible for Northbound Stock Connect.

Cloud Yinggu Technology (03310) announced that, according to the relevant provisions of the "Implementation Measures for the Shanghai-Hong Kong Stock Connect" and the "Implementation Measures for the Shenzhen-Hong Kong Stock Connect," the company's H shares listed on the Hong Kong Stock Exchange will be included in the list of eligible securities for Stock Connect (collectively referred to as Hong Kong Stock Connect) starting from September 7, 2026.

The crypto investment tycoon who has made a thousand times profit has made a significant move: selling Solana and shifting to a heavy investment in Bitcoin.

Morgan Creek Capital Management founder and Chief Investment Officer Mark Yusko stated that he has reduced his holdings in Solana, while at the same time, the proportion of his holdings related to Bitcoin has been soaring.

The 10-year U.S. Treasury yield approaches the 4.8% threshold, with cross-asset "stress tests" imminent.

The yield on 10-year U.S. Treasuries is approaching the critical level of 4.8%. If it continues to break through this threshold, it may have a "substantial impact" on other asset classes.

A-share midday | The Shanghai Composite Index fell 0.24%, the ChiNext Index rose 2.63%, and there was a surge in limit-up for computing hardware.

The market shows a divergent pattern of "strong depth in Shenzhen, weak Shanghai, growth leading the surge, and heavyweights correcting."

The surge in data center construction is likely to exacerbate inflationary pressures, forcing the Reserve Bank of Australia to maintain high interest rates.

The construction boom of data centers in Australia may lead to demand exceeding the economic supply capacity, thereby driving up inflation and forcing the Reserve Bank of Australia to maintain higher interest rates.

JLL: In the first eight months of the year, the sale of retail properties valued at HKD 20 million or more in Hong Kong recorded approximately HKD 8 billion, showing a slight improvement in momentum.

According to data from JLL, transactions involving shops priced at 20 million Hong Kong dollars or more amounted to approximately 20 billion Hong Kong dollars in 2022. The following years have shown a downward trend, with last year's figure recorded at about 11.2 billion Hong Kong dollars. In the first eight months of this year, approximately 8 billion Hong Kong dollars were recorded, indicating a slight improvement.

The Hong Kong dollar interbank offered rates have risen across the board, with the one-month rate increasing by 1.208 basis points to 2.85476%.

On September 7, the Hong Kong dollar interbank offered rates rose across the board, with the one-month HIBOR related to mortgage loans reported at 2.85476%, an increase of 1.208 basis points.

The Hong Kong Securities and Futures Professionals Association supports reforming Hong Kong's tax incentives for corporate treasury centers and advocates for deeper alignment with policies such as cross-border fund pools with the mainland.

Chen Zhi-Hua, the president of the Hong Kong Securities and Futures Professional Association, stated that he recommends the government encourage Corporate Treasury Centers (CTCs) to integrate the allocation of funds with the Hong Kong securities market, bond market, and fund management tools while optimizing CTCs. For example, CTC funds could be invested in Hong Kong dollar/Renminbi money market funds, high-rated bonds, and other corresponding supportive measures.

To support the yen's "ammunition"? Japan's foreign reserves dropped by $87.8 billion in August, possibly selling U.S. bonds for funding.

Japanese authorities may have used part of their foreign securities within the foreign exchange reserves, including U.S. Treasury bonds, to fund their record-scale currency intervention efforts in the past month.

The update on the Tao Law paper is here, and the interpretation has arrived.

Huawei's semiconductor head He Tingbo updated the (Tao) Law paper. Previously, on May 25, Huawei released version V1 of the Tao Law, and on July 4, it updated to version V2. In less than four months, Huawei has published three academic papers on the Tao Law.

HUAYAN ROBOTICS (01021) is officially included in the Hong Kong Stock Connect starting today.

Hua Yan Robotics (01021) officially joins the Hong Kong Stock Connect starting today.

The dollar's rise is unstable, expectations for interest rate hikes by the European and Japanese central banks are warming up, and traders are waiting for the CPI data.

On Monday, despite an increase in market expectations for a rate hike by the Federal Reserve, the dollar's performance remained unstable.

A-share Opening Report | Four Major Indexes Open Higher Together, Communication and Electronics Lead the Gains

Today, the major indices of A-shares opened higher across the board, with the ChiNext Index and the STAR 50 both opening more than 1% higher, leading the gains. The Shanghai Composite Index opened 0.32% higher at 3942.51 points.

Micron Technology (02041) officially listed on the Hong Kong Stock Exchange, with three major businesses collaborating to create another benchmark for the Hong Kong stock market's medical device sector.

On September 7, the medical equipment new stock Microtech (02041) was officially listed on the main board of the Hong Kong Stock Exchange.

Arbitrage opportunities for "expensive protection" in a calm U.S. stock market: SocGen suggests selling short-term tail volatility but warns of the risk of a sharp downturn.

Socit Gnrale stated that the short-term option premiums for the S&P 500 index have surged, creating attractive opportunities for selling volatility strategies, but it is necessary to hedge against downside risks.

Goldman Sachs remains bullish on the South Korean stock market: Driven by the AI memory boom, potential gains could reach 80%.

Goldman Sachs strategist Timothy Moe maintains his bullish outlook on the South Korean stock market, believing that investors underestimate the duration of the benefits that artificial intelligence (AI) brings to the country's memory chip manufacturers.

Shenzhen Stock Exchange: Genscript Biotech (01672) and Xizhi Technology (01879) will be included as eligible stocks for the Hong Kong Stock Connect under the Shenzhen-Hong Kong Stock Connect.

According to the relevant provisions of the "Implementation Measures for Shenzhen-Hong Kong Stock Connect" by the Shenzhen Stock Exchange, the list of eligible securities for the Hong Kong Stock Connect will be adjusted and come into effect on September 7, 2026.

The net loss expanded by 372% year-on-year, combined with changes in inventory. After a significant drop in the stock price of MICOT PHARMA-B (02335), is it worth investing?

On August 28, MicuRx Pharmaceuticals disclosed its 2026 H1 financial report. During the reporting period, the company achieved other income of 1.335 million yuan, an increase of 9.25% year-on-year; the company's net loss for the period was 231 million yuan, an increase of 372.08% year-on-year.

Norwegian Sovereign Wealth Fund May Cut $80 Billion in U.S. Treasury Holdings, High-Rated Mortgage-Backed Securities Likely to Become New Favorites

The Norwegian sovereign wealth fund, with a scale of $2.3 trillion, has suggested reducing its holdings in government bonds and reallocating funds to higher-yielding fixed-income assets.

After the non-farm payrolls report, the U.S. stock market is: Inflation data will test interest rate hike expectations, and Apple's foldable iPhone makes its debut.

After a brief respite, investors will face a busy and intensive trading week ahead.

The AI bubble is facing a "trial"! Bank of America provides a "trade guide" for the midterm elections: warning that U.S. stocks may encounter a 10% correction, with three major scenarios outlining investment logic.

Bank of Americas Hartnett sounds the alarm for the midterm elections: a Democratic sweep could trigger a more than 10% correction in U.S. stocks, and the AI bubble faces "judgment day."

YUNJI (02670) has officially been included in the Hong Kong Stock Connect, marking an opportunity for the leading company in embodied intelligence to undergo a value reevaluation.

On September 4, 2026, according to an announcement from the Shanghai Stock Exchange, Yunji (02670) (Beijing Yunji Technology Co., Ltd.) has been added to the Hong Kong Stock Connect list. The related adjustment will officially take effect on September 7.

CICC: Who is the "smart money"?

Since 2026, the Hong Kong stock market and surrounding markets, including A-shares, have continued to show divergent performances, exhibiting a typical "seesaw" effect.

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Citigroup: Initiates "Buy" rating for Zijin Mining International (02259), optimistic about production growth and gold price outlook.

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Ganfeng Lithium: Progress on Subsidiary's Involvement in Investment Limited Partnership Matters

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Zhichun Technology (603690.SH) plans to transfer part of its shares in the affiliated company Weidun Crystal Phosphate for 20 million yuan.

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Yuncong Technology: The company is deeply involved in the national standardized pilot project "Shanghai Virtual-Real Integration Embodied Intelligence Training Ground" and the "Humanoid Robot Qilin Training Ground" project.

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