Domestic News
1. President Xi Jinping spoke with US President Trump by phone.
2. The People's Bank of China: Effective immediately, 14-day reverse repurchase operations in the open market will be adjusted to a fixed-quantity, interest rate bidding, and multiple-price-level bidding system. The timing and scale of these operations will be determined based on liquidity management needs.
3. The State Council held an executive meeting to study the implementation of domestic product standards and related policies in government procurement, and discussed the "Draft Amendment to the Banking Supervision and Administration Law of the People's Republic of China."
4. The State Administration for Market Regulation has decided to initiate an investigation into Chengdu Kuaigou Technology Co., Ltd. in accordance with the law.
5. Shanghai has optimized and adjusted policies related to the pilot program for personal housing property tax.
6. Officials from the People's Bank of China, the Financial Regulatory Commission, and the China Securities Regulatory Commission will attend a press conference at 3:00 PM on September 22.
7. The Ministry of Commerce and nine other departments issued the "Notice on Further Promoting the Expansion and Upgrading of Urban "Quarter-Minute Convenient Living Circles."
8. Xiaomi Auto Technology Co., Ltd. has recalled some SU7 standard-edition electric vehicles to further improve the reliability of the assisted driving function. 9. The Ministry of Industry and Information Technology and three other departments issued a work plan for stabilizing growth in light industry, proposing that from 2025 to 2026, the scale of key industries will steadily increase, and corporate operating efficiency will remain basically stable.
10. Shenzhen officials denied rumors of lifting purchase restrictions in Shenzhen's core area.
International News
1. The Bank of Japan maintained interest rates, with two members proposing a 25 basis point rate hike; it launched an ETF sales program, with an annual reduction of 330 billion yen.
2. Federal Reserve Chairman Neel Kashkari: Two more rate cuts this year are appropriate.
3. Source: Congo is considering extending its cobalt export ban for at least two months.
4. US senators are seeking to increase pressure on Russia by imposing sanctions on the "Shadow Fleet."
5. The US Chief Justice gave Federal Reserve Governor Tim Cook a response to Trump by September 25.
6. The Republican version of the government appropriations bill passed the House of Representatives and will be sent to the Senate for deliberation. 7. Citigroup: We expect the gold bull market to continue in the near term and have raised our three-month target price to $3,800/oz (previously $3,600/oz).
8.
OpenAI has reached an agreement with Luxshare Precision to jointly produce future OpenAI devices. OpenAI plans to launch its first device in late 2026 or early 2027. OpenAI plans to invest $100 billion in backup servers.
9.
The European Commission adopted its 19th sanctions package against Russia, lowering the crude oil price ceiling to $47.6 per barrel. It also proposed broader sanctions against Russia's "shadow fleet" and a proposed ban on Russian liquefied natural gas imports on January 1, 2027, a year earlier than originally planned.
