GMT EIGHT - OPPORTUNITIES IN CHINA

A-shares Opening News | Three Major Indices Open Lower, Technology Sector Weakens at Opening

The Shanghai Composite Index opened down 0.31% at 3939.09 points, the Shenzhen Component Index opened down 0.60% at 13641.18 points, and the ChiNext Index opened down 0.91% at 3324.33 points. The STAR 50 Index opened down 0.67% at 1569.46 points.

Bank of America: Nvidia and Broadcom have the widest holdings, while Micron and AMD saw significant increases from active funds.

Bank of America stated that among actively managed fund managers in the U.S., Nvidia and Broadcom have the most "extensive" holdings in the semiconductor sector, while Micron Technology and AMD have also seen a significant increase in their holding ratios.

The world's first case! The "bridging" plan of pig kidneys to human kidneys has been validated. "First stock in organ regeneration" True Health Medical (02697) has positioned itself in the critical link of external organ support.

On September 3, The Lancet published the world's first human study on "pig kidney as a bridge, human kidney as a baton," marking a significant step forward in xenotransplantation from laboratory exploration to clinical validation.

The U.S. diesel market is brewing a "perfect storm" with interest rate hikes and the midterm elections! EIA warns: the peak demand has not yet arrived, prices have already hit a new high, and inventories have fallen to a 23-year low.

U.S. diesel inventories are expected to drop to a 2003 low before the peak in demand arrives.

Brokerage Morning Meeting Highlights | This super strong El Nio is the core variable supplied by Shenzhen Agricultural Power Group globally.

Galaxy Securities stated that the current super El Nio is a key variable in the global agricultural supply.

A-share Pre-market Report | DeepSeek Launches Multiple Initiatives! Preparing for Science and Technology Innovation Board IPO, New Model to be Released Today

According to reports, DeepSeek has selected CITIC Securities to fully prepare for its listing on the STAR Market. Insider sources reveal that it is expected to officially submit its IPO application materials within this year.

SIMCERE PHARMA (02096) invested HKD 10.7033 million to repurchase 929,000 shares, demonstrating the company's confidence in its long-term development.

Xiansheng Pharmaceutical announced that on September 9, it repurchased 929,000 shares at a price ranging from HKD 11.480 to HKD 11.554 per share, with a total repurchase amount of HKD 10.7033 million.

INSILICO (03696): The company's leading AI-driven candidate innovative drug Rentosertib has completed the enrollment of its first patient in a Phase III clinical trial for idiopathic pulmonary fibrosis.

EASR Intelligent (03696) announced that its leading AI-driven candidate innovative drug, Rentosertib (also known as ISM001-055/INS018_055), has completed the enrollment and administration of the first patient in the Phase III clinical trial (GENESIS-IPF-3) at Peking Union Medical College Hospital. On the same day, Shanghai Pulmonary Hospital also completed the enrollment of its first patient in the trial.

"The least sexy investment strategy" is just right! With the bond market collapsing and the stock market going crazy, investors are facing a good opportunity for rebalancing.

Financial advisors suggest that, in the context of a global bond sell-off, stock markets hovering near historical highs, and investors grappling with geopolitical uncertainties, it may be particularly suitable to consider portfolio rebalancing at this time.

STAR SPORTS MED (01609): Obtained EU MDR certification and multiple overseas market product registration approvals.

Tianxing Medical (01609) announced that it has recently received the certification for the new EU Medical Device Regulation (CE MDR), becoming the first sports medicine manufacturer in China to obtain CE MDR certification for its entire product line.

LIFETECH SCI (01302): The LantvalTM Aortic Valve Replacement System has entered the Innovative Medical Management device special review process.

Xianjian Technology (01302) announced that on September 9, 2026, the company received a formal written notice from the National Medical Products Administration (NMPA) confirming that the LantvalTM aortic valve replacement system, co-developed by the companys subsidiary Shenzhen Jianxin Medical Technology Co., Ltd. and the National Center for Cardiovascular Diseases at Fuwai Hospital of the Chinese Academy of Medical Sciences, has entered the special review process for innovative medical devices by the NMPA. This product is suitable for surgical treatment of patients with aortic stenosis or stenosis accompanied by regurgitation and is the worlds first fully integrated dry valve design (suture-free) aortic valve replacement product. This marks the company's eighteenth product to enter this procedure at the NMPA.

"Talk about it after the election"? Trump admits that high oil prices will be "held off until the midterms," putting pressure on the Republican Party's election prospects.

U.S. President Donald Trump expects that military conflict with Iran will continue until after the midterm elections in November, and a significant drop in gasoline prices will not occur before then.

Zhongjin: In September, global assets face multiple challenges. It is recommended to increase allocations in Chinese and American tech stocks and gold when prices are low.

The trend in the AI industry has not yet reversed; recent adjustments are more due to pressures from funding and sentiment rather than a fundamental deterioration in profit trends.

European Central Bank Council Member Nagel: AI will become the "touchstone" for Europe's future.

Nagel stated in Berlin that artificial intelligence (AI) will become the "touchstone" for testing whether Europe can unite and fully unleash its potential.

J.P. Morgan (JPM.US) is approaching a market value of $1 trillion, while competitor Bank of America cheers: still very cheap!

Bank of America analysts stated that even if JPMorgan Chase's market value reaches $1 trillion, it would still be cheap.

Trump pressures the Federal Reserve to "cut interest rates to save the economy," while the market bets on a 60% probability of a rate hike in September.

On the eve of the Federal Reserve's monetary policy meeting scheduled for September 15-16, U.S. President Trump and senior officials of his administration have been vocal, urging the central bank not to raise interest rates, and even calling for a reduction in the benchmark rate.

Hong Kong: Strengthening the Position of an International Innovation and Technology Hub Based on Heung Yee Kuk and the San Tin Technopolis

On September 8, the World Intellectual Property Organization announced the top 100 innovation clusters in the "2026 Global Innovation Index," with the "Shenzhen-Hong Kong-Guangzhou" cluster ranking first in the world again.

Hong Kong Investment Promotion Agency: Linking the Asian Gold Market Hong Kong to Build a New Platform for Regional Gold Industry Cooperation

The Hong Kong Investment Promotion Agency stated that Hong Kong has three core advantages in developing an international gold trading center.

Hong Kong Stock Concept Tracking | In August, global gold ETFs attracted $18 billion, and Goldman Sachs predicts gold prices will rise to $4,900 by the end of 2026 (including concept stocks)

Gold prices are expected to rise to $4,900 per ounce by the end of 2026, driven by strong demand from central banks seeking to diversify their foreign exchange reserves, according to a recent report from Goldman Sachs Research.

Hong Kong Stock Concept Tracking | The price of thermal coal continues to rise; institutions suggest paying attention to supply contraction and low inventory levels (with related stocks)

Guotai Junan believes that the bottom of the coal sector has been established in 2025. In 2026, with supply disruptions both domestically and internationally, supply and demand will tighten, leading to a significant increase in the price central and a clear improvement in the fundamentals.

Ping An Insurance (02318) will distribute a mid-term dividend of 0.98 yuan per share on October 16.

China Ping An (02318) announced that the company will distribute a midterm dividend of RMB 0.98 per share for the six months ended June 30, 2026, on October 16, 2026.

LINGBAO GOLD (03330) subsidiary intends to acquire a 50% minus one share equity in TABAR ISLANDS HOLDINGS PTY LTD for AUD 410 million and corresponding royalty obligations.

Lingbao Gold (03330) announced that on September 10, 2026, buyer Lingbao Gold International Limited (a wholly-owned subsidiary of the Company) entered into a share sale agreement with seller St Barbara Limited, pursuant to which the buyer conditionally agrees to acquire (subject to its terms and conditions) and the seller conditionally agrees to sell the target shares (representing the remaining 50%-1 share equity in the target company TABAR ISLANDS HOLDINGS PTY LTD). Upon completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of the Company, and the Company will beneficially own 100% of the equity in the target company.

The identity of the S&P 100 components will come to an end! NIKE, Inc. Class B (NKE.US) urgently clarifies: it remains a component of the S&P 500.

Nike is set to be removed from the S&P 100 index, ending its nearly 18-year history as a constituent. In response to some market concerns raised by this news, Nike's investor relations team emphasized that this adjustment only pertains to the S&P 100 index, and Nike remains a component of the S&P 500 index.

Apple Inc. (AAPL.US) welcomes the "foldable screen era"! The $1999 iPhone Duo debuts with AI fully penetrating the hardware ecosystem.

Apple held its annual autumn product launch on Wednesday, officially unveiling the company's first foldable phone, the iPhone Duo, along with the iPhone 18 Pro series, Apple Watch Series 12, Apple Watch Ultra 4, and AirPods 5.

Overnight US stocks | The three major indexes continued to decline, while the settlement price of Brent crude futures rose above $101. SK Hynix (SKHY.US) increased by 7%.

As of the market close, the Dow Jones Industrial Average fell 405.41 points, a decline of 0.77%, closing at 52,380.66 points; the S&P 500 index dropped 37.16 points, a decline of 0.48%, closing at 7,636.36 points; the Nasdaq fell 168.07 points, a decline of 0.64%, closing at 26,253.34 points.

The return of oil prices to $100 has sparked inflation concerns, prompting traders to significantly increase their bets on interest rate hikes by the European and Bank of England.

As international energy prices continue to rise, intensifying concerns about persistently high inflation in the coming year, traders are significantly increasing their bets on further interest rate hikes by the European Central Bank and the Bank of England.

"Smart money" is making a major move into U.S. stocks! Bank of America clients recorded the sixth highest net purchases in history in a single week, with technology stocks gaining favor once again.

According to the latest client fund flow data from Bank of America, clients net bought US stocks for the second consecutive week last week, with the inflow scale reaching the highest level since mid-July, making it the sixth largest weekly net inflow since the bank began tracking weekly data in 2008.

Can a threefold buyback not suppress it? The U.S. Treasury plans to buy $6 billion in U.S. debt, and the 10-year yield has risen to 4.84%.

The U.S. Treasury announced on Wednesday that it will purchase $6 billion in U.S. Treasury bonds through a repurchase operation, which is three times the size of regular repurchase operations.

A-shares Evening Highlights | Risk Alert Sounded! Oil prices once again stand above $100, "triple kill" in stocks, bonds, and currencies approaches.

Tensions between the U.S. and Iran are escalating! Oil prices break the $100 mark for the first time since July. A "triple kill" in stocks, bonds, and exchange rates is upon us.

Besen te stated, "I am the dealer"! Expectations for a rate hike by the Bank of Japan have surged, but the yen's rising momentum faces the risk of unmet expectations.

U.S. Treasury Secretary Janet Yellen has been continuously and publicly pressuring Japan to tighten its monetary policy, frequently signaling strong support for the yen, which is rapidly driving up market expectations for the future interest rate path of the Bank of Japan.

US Stock Market Move | Alphabet Inc. Class CA (GOOGL.US) fell nearly 3%, hitting a new low since July 27.

On Wednesday, Google A (GOOGL.US) dropped nearly 3% in early trading, hitting a new low since July 27, currently priced at $330.25.

YIDU TECH (02158): Yidu Cloud wins the bid for the localization adaptation and upgrade project of the data platform for Shanghai Pulmonary Hospital.

Yidu Technology (02158) announced that its subsidiary, Yidu Cloud (Beijing) Technology Co., Ltd., has recently received a bid winning notice for the localization adaptation and upgrade project of the data platform for Shanghai Pulmonary Hospital, with a total project amount of approximately 3.57 million RMB. This result has been announced on the national public resources trading platform (Shanghai).

US Stock Market Move | The most significant press conference in over a decade is coming, and Apple Inc. (AAPL.US) has dropped nearly 1% in early trading.

On Wednesday, Apple (AAPL.US) fell nearly 1% in early trading, with its stock price weakening for three consecutive days, currently reported at $313.32.

LEE'S PHARM (00950) has entered into an exclusive licensing agreement with 1cBio to develop, produce, and commercialize OC-3 in mainland China and other regions.

Lee's Pharmaceutical Holdings Limited (00950) announced that its wholly-owned subsidiary, Lee's Pharmaceutical (Hong Kong) Limited, has entered into an exclusive licensing agreement with 1cBio, Inc. (1cBio, a biotechnology company based in the United States that develops precision drugs to address significant unmet needs) to develop, manufacture, and commercialize OC-3 in mainland China, Hong Kong, Macau, Taiwan, and several other Southeast Asian countries. OC-3 is a PARP1 inhibitor used for the treatment of cancers with DNA homologous recombination repair deficiencies, including prostate cancer, ovarian cancer, breast cancer, and pancreatic cancer with known mutations in DNA repair genes such as BRCA1, BRCA2, or PALB2.

The off-season for semiconductor sales can't stop the AI wave! Bernstein reveals that both storage volume and price are on the rise, adding nuclear fuel to the AI computing power bull market.

The WSTS data resonates with Bernstein's bullish outlook on storage: the expansion of AI computing power demand provides a foundation for sales, limited supply enhances pricing power, and product upgrades along with long-term agreements improve profit structure.

US Stock Market Move | UnitedHealth Group Incorporated (UNH.US) fell nearly 5% in early trading on reports that a portion of its Optum Health business equity will be sold to TPG.

On Wednesday, UnitedHealth (UNH.US) dropped nearly 5% in early trading, marking the largest intraday decline since January 27, and is now reported at $383.54.

US Stock Market Move | Dell Technologies, Inc. Class C shares (DELL.US) rose over 4% in early trading, setting a new all-time high.

On Wednesday, Dell Technologies (DELL.US) rose over 4% in early trading, hitting a new all-time high, currently reported at $558.61.

US Stock Market Move | Optical communication concept stocks rose, with Marvell Technology, Inc. (MRVL.US) up more than 6%.

Optical communication concept stocks continue to show strong momentum.

US Stock Market Move | SK Hynix (SKHY.US) expanded its early gains to 5%, reaching a new all-time high.

On Wednesday, SK Hynix (SKHY.US) expanded its initial gains to 5%, reaching a record high since its listing, now reported at $195.36, with a total market value of $1.43 trillion.

The dream of Bitcoin mining companies for "Mining in America" has shattered! Mining companies are shifting to the construction of AI data centers, with scarce electricity becoming the key to remolding valuations.

Due to the rapid development of artificial intelligence and the crash of cryptocurrency, Donald Trump's plan to concentrate Bitcoin mining activities in the United States is falling apart. Compared to October last year, the computing power consumed by Bitcoin mining has decreased by 18%.

JXR (01951): Plans to further develop a translational medicine platform primarily focused on women's health.

Jin Yan Sheng Zhi (01951) announced that, building on its existing clinical and reproductive medicine capabilities, the group plans to further develop a translational medicine platform primarily focusing on women's health. This platform will integrate the group's existing innovation center, genetic testing center, affiliated research platforms, clinical networks, and expertise in reproductive medicine, aiming to promote the translation of research findings into clinical applications.

Data center tax-free dividends change! More than a dozen states in the U.S. are re-evaluating tax incentives, as the expansion of AI computing power faces obstacles.

For the theme of AI computing power investment, policy changes primarily affect where to build, the cost of construction, and when to achieve a return on investment. The incentives for data centers in Ohio cover computing equipment, cooling systems, power equipment, and some building materials, so the scope of adjustments could span the entire campus.

86% of the constituent stocks reported earnings that exceeded expectations! The AI boom has sparked an increase in S&P 500 earnings, raising the full-year growth forecast to 32%.

The full-year profit expectations for the S&P 500 index are on the rise, thanks to the wave of artificial intelligence and the stronger-than-expected earnings performance in the first half of the year.

US Stock Market Move | The personal AI agent Muse Meta (META.US) opened with a rise of over 6%.

On Wednesday, Meta (META.US) opened more than 6% higher, marking its largest increase since August 3, currently valued at $640.95.

The Ministry of Commerce responded to the U.S. accusation that Chinese AI companies are distilling industrial scale: it is an act of technological hegemony.

The spokesperson of the Ministry of Commerce responded to reporters' questions regarding the U.S. announcement on cybersecurity related to the distillation activities of Chinese artificial intelligence companies in the U.S.

Trump unleashes a combination of strategies for the midterm elections: strongly pushing for tax cuts and the "MAHA movement," with the pharmaceuticals and processed foods sectors bearing the brunt of it.

Trump's plan needs to alleviate voters' concerns about the 2026 election by reminding them of the significant achievements made in 2025.

From daily leverage to hourly leverage! The lessons from South Korea are not far behind, as Wall Street attempts even more extreme retail trading tools.

Defiance ETFs has submitted documents to the U.S. Securities and Exchange Commission (SEC) to launch a series of leveraged funds aimed at amplifying the price movements of certain individual stocks by two timeshowever, the measurement unit is calculated not by day, but by hour.

JNBY (03306) released its annual results, with a profit attributable to shareholders of 999 million yuan, an increase of 11.7% year-on-year.

Jiangnan Buyi (03306) announced its annual performance results for the year ending June 30, 2026, with revenue of 6.046 billion yuan, a year-on-year increase of 9%; the profit attributable to shareholders reached 999 million yuan, an 11.7% increase from the previous year; the basic earnings per share were 1.93 yuan, and a final dividend of 1.06 Hong Kong dollars per share and a special dividend of 0.75 Hong Kong dollars per share are proposed.

JNBY (03306) will distribute a special dividend of HK$0.75 per share on October 16.

Jiangnan Buyi (03306) announced that it will distribute a special dividend of HKD 0.75 per share on October 16, 2026.

JNBY (03306) will distribute a final dividend of HK$1.06 per share on October 16.

Jiangnan Buyi (03306) announced that it will distribute a final dividend of HKD 1.06 per share for the year ending June 30, 2026, on October 16, 2026.

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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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Xiamen Releases Twelve Measures to Promote Exchange and Cooperation with Taiwan

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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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