Domestic News
1. Shenzhen officials refuted rumors of lifting purchase restrictions in Shenzhen's core area.
2. President Xi Jinping spoke with US President Trump by phone.
3. Shanghai optimized and adjusted policies related to the city's pilot program for a property tax on individual housing.
4. The State Administration for Market Regulation decided to initiate an investigation into Chengdu Kuaigou Technology Co., Ltd. in accordance with the law.
5. 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.
6. The Ministry of Commerce and nine other departments issued the "Notice on Further Promoting the Expansion and Upgrading of Urban 15-Minute Convenience Living Circles."
7. Xiaomi Automotive Technology Co., Ltd. recalled some SU7 standard-edition electric vehicles to further improve the reliability of its assisted driving features.
8. The Ministry of Industry and Information Technology and three other departments issued a work plan to stabilize growth in light industry, proposing that from 2025 to 2026, the scale of key industries will steadily increase, and the operating efficiency of enterprises will remain basically stable.
9. The State Council Executive Meeting: Discussed the implementation of domestic product standards and related policies in government procurement and discussed the "Revised Draft Law of the People's Republic of China on Banking Supervision and Administration."
10. The People's Bank of China: Effective immediately, 14-day open market reverse repurchase operations will be adjusted to fixed quantities, interest rate bidding, and multiple price levels. The operation duration and scale will be determined based on liquidity management needs.
International News
1. Trump signed an executive order imposing a new fee of $100,000 on H-1B visas.
2. Sources: Congo is considering extending its cobalt export ban for at least two months.
3. The Republican appropriations bill passed by the US House of Representatives failed in the Senate.
4. US senators seek to increase pressure on Russia by imposing sanctions on the "Shadow Fleet."
5. OpenAI and Luxshare Precision reached an agreement to jointly produce future OpenAI devices.
6. The US Chief Justice ordered Federal Reserve Governor Tim Cook to respond to Trump by September 25.
7. Musk responded to reports that XAI raised $10 billion at a $200 billion valuation: "This is fake news."
8. The Bank of Japan maintained interest rates; two members proposed a 25 basis point rate hike; and launched an ETF sales program, reducing holdings by 330 billion yen annually. 9. 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).
10. The European Commission adopted its 19th sanctions package against Russia, lowering the crude oil price ceiling to $47.6 per barrel and proposing a ban on Russian liquefied natural gas imports on January 1, 2027, a year earlier than originally planned.
11. Federal Reserve - ① Fed Governor Milan: We believe interest rate cuts will continue in the coming months. We will work to convince other policymakers to cut rates more quickly; ② Fed Governor Kashkari: Two more rate cuts this year would be appropriate.
