Domestic News:
1.
The Central Bank's Monetary Policy Committee held its regular meeting for the third quarter of 2025. The committee recommended strengthening monetary policy regulation in the next phase to enhance its foresight, targetedness, and effectiveness. The committee also recommended observing and assessing the performance of the bond market from a macroprudential perspective, focusing on changes in long-term yields.
2. The Central Bank and three other government departments supported foreign institutional investors permitted to conduct spot bond trading in the Chinese bond market to conduct bond repurchase transactions.
3. The Ministry of Commerce and four other government departments implemented export licensing for pure electric passenger vehicles, effective January 1, 2026.
4. The State-owned Assets Supervision and Administration Commission of the State Council held a symposium on the economic performance of state-owned enterprises, emphasizing the need to take the lead in resolutely resisting involutionary competition.
5. The State Administration for Market Regulation held a symposium on promoting the healthy development of the online food delivery industry.
6. Moore Thread, the "first domestic GPU stock," successfully passed its IPO on the Science and Technology Innovation Board (STAR Market).
International News
1. The US core PCE price index rose to 2.9% in August, unchanged from the previous month and in line with market expectations. U.S. personal spending rose 0.6% in August, the highest monthly rate since March 2025.
2. According to the Islamic Republic News Agency (IRNA), Iran and Russia signed a $25 billion agreement to build four nuclear power plants in Iran.
3. U.S. President Trump: If the government has to shut down, then shut it down. The economy is performing well and prices are falling.
4. The European Commission: We have secured a 15% cap on U.S. tariffs on EU-origin pharmaceuticals.
5. Federal Reserve Chairman Barkin: Upcoming data will determine whether the Fed should cut interest rates further.
