TENCENT-BACKED XIAOE INC. REFILES FOR HONG KONG IPO

Domestic News: 1. During his inspection tour in Beijing, Li Qiang emphasized the need to promote the deep integration of artificial intelligence and advanced manufacturing to accelerate the cultivation and shaping of new drivers and advantages for economic development. 2. The China Securities Regulatory Commission (CSRC) announced it will further promote the deepening reform of the Beijing Stock Exchange. 3. Six departments, including the Ministry of Commerce, issued a notice on strengthening and optimizing tax refund measures for departing tourists to expand inbound consumption. 4. my country's "Sun Chasing Project" has made significant progress, laying the foundation for building "wireless charging stations" in space. 5. The Ministry of Industry and Information Technology (MIIT) issued implementation measures for capacity replacement in the steel industry, proposing that the national ratio of ironmaking and steelmaking capacity replacement should not be less than 1.5:1. 6. The National Bureau of Statistics reported that the added value of industrial enterprises above designated size nationwide increased by 5.6% year-on-year from January to April. In April, the sales price of newly built commercial housing in first-tier cities rose by 0.1% month-on-month. International News: 1. The UK increased its holdings of US Treasury bonds in March, while China and Japan reduced their holdings. 2. The US Treasury Secretary announced a further 30-day extension of the sanctions waiver for Russian seaborne oil shipments. 3. Judge dismisses Elon Musk's lawsuit against OpenAI and its CEO Altman. 4. IMF: Raises UK economic forecast, but political turmoil could impact economic growth. 5. UK Prime Minister Starmer emphasizes he will not resign, stating he still plans to run in the next UK general election. 6. Warsh will be sworn in as Federal Reserve Chairman on Friday, with Trump presiding over the ceremony. 7. Japanese Finance Minister Satsuki Katayama: G7 will not consider coordinated action on bond sell-offs; each country must be responsible for its own market conditions. 8. South Korean court partially approves Samsung's application for an injunction against its union. The Samsung union confirmed the strike will proceed as planned (Thursday) and negotiations will continue on Tuesday. 9. Middle East situation— ① Trump announced the cancellation of the planned military strike against Iran scheduled for tomorrow (September 19). Middle Eastern countries believe the US and Iran can reach a highly acceptable agreement that includes a clause prohibiting Iran from possessing nuclear weapons. These countries are demanding a short window of two to three days. If no agreement is reached, they are prepared to launch a large-scale strike against Iran. ② Sources say the US has agreed to temporarily waive oil sanctions on Iran during negotiations, a claim denied by US officials. ③ Iran has submitted a new 14-point negotiating text to the US through Pakistan. Iran reportedly proposed a long-term, multi-phase ceasefire and the unconditional transfer of enriched uranium to Russia. ④ Iranian sources say the US has shown flexibility on Iran's limited nuclear activities but has only agreed to unfreeze a quarter of Iran's assets according to a phased timetable. ⑤ Trump says he is not considering making any concessions to Iran. ⑥ Iran discloses details of Supreme Leader Mojtaba's injury: it did not result in disfigurement or permanent disability.

Hang Seng Index futures closed down 0.21% at 25,558 points in overnight trading, a discount of 117 points.