Domestic News:
1. Wang Yi held talks with South Korean Foreign Minister Cho Hyun in Beijing.
2. Li Zhen, Deputy Director of the State-owned Assets Supervision and Administration Commission of the State Council: We will vigorously promote the strategic and specialized restructuring and integration of state-owned central enterprises.
3. The Ministry of Commerce: We will issue a series of special documents, including those on the high-quality development of the accommodation industry and the integrated development of railways and tourism, to expand service consumption.
4. Huo Ruirong, Vice Chairman of the Shanghai Stock Exchange: We will promote the expansion of the fifth set of standards for the Science and Technology Innovation Board (STAR Market) to include related industries such as commercial aerospace, artificial intelligence, and the low-altitude economy.
5. Ministry of Finance: Stamp duty revenue from securities transactions increased by 81.7% year-on-year from January to August; national general public budget revenue reached 14,819.8 billion yuan, a year-on-year increase of 0.3%.
6. John Lee: We will promote Hong Kong as an international gold trading market; expand gold storage, and build a regional gold reserve hub with the goal of exceeding 2,000 tons within three years.
7. The Ministry of Industry and Information Technology is soliciting public opinions on standards related to integrated driving assistance for intelligent connected vehicles. The standards require systems to have both hands-off and gaze-off detection capabilities. International News:
1. Federal Reserve September Interest Rate Meeting
—① Announced a 25 basis point rate cut, with Milan the only vote dissenting and supporting a 50 basis point cut. ② Powell stated that labor market risks are tilted to the downside, and the rate cut can be interpreted as a risk-management measure; the 50 basis point cut did not receive widespread support; and reiterated the temporary impact of tariffs on inflation. ③ The median dot plot suggests a cumulative rate cut of three 75 basis points this year and one next year. Milan hopes for a cumulative rate cut of 150 basis points this year. ④ Powell continued to implicitly express concerns about stagflation.
2. The EU announced sanctions against Israel.
3. Saudi Arabia and Pakistan signed a mutual defense agreement.
4. Several Gulf countries in the Middle East followed the Fed's rate cut.
5. The Brazilian central bank maintained its benchmark interest rate at 15%, in line with expectations.
6. US Treasury Secretary Bensoner previously listed two properties as "primary residences," consistent with the reasoning behind Tim Cook's dismissal. 7. The Bank of Canada cut its benchmark interest rate by 25 basis points to 2.50%, in line with market expectations, and removed forward guidance for a rate cut from its policy statement.
8. Overnight market—Spot gold hit a new high of $3,707 before plummeting $60. Silver briefly fell over 3%. The Chinese concept stock index rose nearly 3%. The US dollar and US Treasury yields rose after the interest rate meeting, with the 10-year yield falling below 4% at one point.
