Domestic News:
1. Minister of Commerce Wang Wentao convened a roundtable meeting with some Chinese companies in the United States.
2. On September 25, the People's Bank of China will conduct a 600 billion yuan MLF operation with a one-year maturity.
3. The Chinese government will build a new high-temperature superconducting fusion facility in Shanghai, named "Huanliu-4."
4. The Ministry of Commerce, together with eight other departments, including the Cyberspace Administration of China and the Ministry of Finance, issued the "Several Policy Measures on Promoting Service Exports."
5. The Ministry of Commerce and eight other departments jointly issued the "Guiding Opinions on Vigorously Developing Digital Consumption and Creating a Better Life in the Digital Age."
6. The center of Typhoon Hakkar, the 18th typhoon of the year, made landfall on the coast of Hailing Island, Yangjiang City, Guangdong Province, around 5:00 PM on the 24th.
International News:
1. U.S. Treasury Secretary Benson: Federal Reserve interest rates have been too high for too long; we are entering an easing cycle. Powell should have signaled a 100 to 150 basis point rate cut. 2. The United States released the official document for its tariff agreement with the European Union. The United States officially lowered auto tariffs on EU goods, effective August 1, 2025.
3. The Kremlin stated: "Trump is a businessman who is trying to force the world to pay higher prices for American oil and gas."
4. An agreement in principle has been reached, and oil exports through the Iraq-Turkey pipeline are about to resume.
5. An EU spokesperson stated: "The European Commission will propose plans to increase import tariffs on Russian oil in due course."
6. Oracle plans to raise approximately $15 billion through a corporate bond issuance to support future investments.
7. Reports indicate that South Korean brokerages are expected to resume day trading services for US stocks in early November.
