Evening Major News Roundup
1. US August PCE Below Expectations, Market Trims Rate Hike Bets
Importance: ★★★★★
The US core Personal Consumption Expenditures (PCE) price index rose 0.2% month-over-month in August, versus an estimate of 0.3% and a prior reading of 0.2%. Core PCE increased 3.0% year-over-year in August, versus an estimate of 3.3% and a prior reading of 3.3%. The final estimate for US second-quarter real GDP annualized came in at 2.2%, versus an expectation of 1.5% and a prior reading of 1.50%. Following the release of the August PCE report, traders reduced their bets on a Federal Reserve rate hike in October. In the markets, US stocks moved higher, while gold and silver rallied collectively.
2. Central Bank Acts! 1.2 Trillion Yuan Outright Reverse Repo Arrives
Importance: ★★★★
The central bank announced on September 30 that it will conduct a 1.2 trillion yuan outright reverse repo operation on October 8 through a fixed-quantity, rate-tender, multiple-price bidding method, with a term of 3 months (89 days). Wang Qing, chief macro analyst at Orient Gold诚, noted that macro policy is further tilting toward stabilizing growth, including accelerating government bond issuance and advancing the implementation of the 800 billion yuan new policy-based financial instruments, which requires the central bank to provide liquidity support. This means that in the short term, medium-term liquidity tools including the Medium-term Lending Facility (MLF) and outright reverse repos are expected to continue increasing in volume, supporting government bond issuance and bank matching credit extension.
3. Big Orders Keep Coming! Multiple A-share Companies Receive Positive News
Importance: ★★★
Big orders keep coming! On the evening of September 30, China Merchants Energy Shipping announced on the Shanghai Stock Exchange that its wholly-owned subsidiary Hong Kong Ming Wah recently signed 25-year long-term transportation agreements with customers for 6 VLOC bulk carriers, with a total amount estimated at no less than US$2.8 billion. On the same evening, Zhishang Technology announced on the Shenzhen Stock Exchange that the company recently signed a 2027 demand forecast cooperation memorandum with a PH customer. In addition, ST Doushen announced on the Shenzhen Stock Exchange that recently its wholly-owned grandchild company Doushen Hong Kong signed a cloud computing service agreement to provide cloud computing services to customers, with a total order contract amount of approximately US$119 million.
4. State Council General Office: Vigorously Develop Professional Leagues in Football, Basketball, Volleyball and More
Importance: ★★★
The Opinions of the General Office of the State Council on Developing Sports Events to Stimulate Consumption Vitality pointed out that by 2030, a modern event system with Chinese characteristics should be basically formed, a number of sports events with global influence should be cultivated, industrial coordination capacity should be significantly enhanced, event consumption vitality should be effectively stimulated, and strong support should be provided for high-quality economic and social development. Vigorously develop professional leagues in football, basketball, volleyball, table tennis, badminton, ice hockey, baseball, Go and more, and support the hosting of high-level professional events such as tennis, sailing, boxing, billiards, automobile, motorcycle and cycling.
5. Ministry of Commerce: Extends Trade Barrier Investigation Period on Relevant US Practices and Measures
Importance: ★★★
The Ministry of Commerce recently issued two announcements, respectively announcing decisions to extend the trade barrier investigation period regarding US practices and measures that disrupt global production and supply chains and US practices and measures that hinder green product trade. According to the Foreign Trade Law of the People's Republic of China and the Ministry of Commerce's Rules on Foreign Trade Barrier Investigation, on March 27, 2026, the Ministry of Commerce issued Announcements No. 17 and No. 18 of 2026, deciding to initiate a trade barrier investigation into US practices and measures that disrupt global production and supply chains and a trade barrier investigation into US practices and measures that hinder green product trade.
6. Apple Prepares to Officially Enter the Smart Home Market, Years of Layout Finally Land
Importance: ★★★
Apple plans to officially launch its long-prepared smart home product on October 13, a key product expansion move after new CEO John Ternus took office. According to people familiar with the matter, the core of this strategy is the smart home hub codenamed J490. Apple also plans to release the first update to HomePod mini since its debut in 2020, as well as a new TV box after 2022.
7. Review of Heavyweight Stocks Deeply Fallen in Recent Years, These Sectors Account for a Relatively High Proportion
Importance: ★★★
In recent years, many heavyweight stocks have continued to decline. Based on statistics for the past five-year interval and calculated by market value in September 2021, among heavyweight stocks with market value exceeding 100 billion yuan at that time, a total of 45 still have share prices in a halved state. According to statistics by Shenwan secondary industry classification, these 45 stocks are mainly concentrated in photovoltaic equipment and baijiu sectors, accounting for 15.56% and 11.11% respectively; the number of stocks in industries such as semiconductors, batteries, energy metals, biological products and medical services is also relatively high.
Opportunities to Watch in Advance
The market-focused investment opportunities identified include gaming and other sectors.
1. 206 Domestic Games Approved in September Batch
On September 30, according to the official website of the National Press and Publication Administration, in September 2026, a total of 206 domestic online games and 3 imported online games obtained licenses, including miHoYo's Yuanchu Zhi Jie, Kingnet's Dragon Nest: Awakening, 4399's Fireline Elite: Breakthrough and Dream Painting Block, Yoka Network's Three Kingdoms Kill: Destiny Chess Game, and Electronic Soul Network's I Am MT: Battle for Glory and I Cultivate Immortality in the Spirit Realm. In addition, 15 games involved license changes. A CITIC Securities research report stated that since 2025, generative AI has continued to lower the threshold for game development, pushing content production from labor-intensive toward intelligence-enhanced, and the industry supply side has thus seen significant expansion. However, the market has not therefore linearly entered a stage of value realization where a hundred flowers bloom; on the contrary, player attention, product differentiation and long-term operating capability have become even scarcer. CITIC Securities believes that AI will not simply dilute the value of the gaming industry, but will instead push the industry's value anchor from whether content can be produced to whether premium content can be continuously created, traffic can be acquired and commercialization can be realized. The gaming industry is moving from an era of capacity constraints to an era of scarcity revaluation, with leading companies benefiting the most.
In addition, the following sectors are also worth watching:
2. Tourism | Multiple scenic spots issue emergency notices: National Day tickets sold out.
3. Chemicals | Semiconductor demand ignites the market, isopropanol rises more than 40% in over two months.
4. Real Estate | Shenzhen home prices rise for six consecutive months.
Positive and Negative Announcements from Listed Companies
Among positive announcements, attention should be paid to Aoni Electronics signing a computing power order exceeding 1.8 billion yuan; among negative announcements, attention should be paid to Shareholder reduction in Shares Worth Buying.
Positive Announcements
1. Aoni Electronics: wholly-owned subsidiary signs a 1.821 billion yuan GPU computing power card procurement contract
2. Dongyangguang: controlling shareholder and concerted parties plan to increase holdings by 600 million to 1.2 billion yuan
3. Shengmei Shanghai: order backlog reached 17.073 billion yuan as of September 29, up 88.2% year-over-year
4. Zhishang Technology: signs a US$500 million optical fiber connector demand forecast cooperation memorandum
5. Songyuan Security: plans to repurchase shares for 50 million to 100 million yuan
Negative Announcements
1. Shares Worth Buying: Liu Feng plans to reduce no more than 1.9% of the company's shares
2. North Changlong: controlling shareholder and concerted parties reduce 1.32% of shares
3. New Industries: Tianjin Hongshan Juye plans to reduce no more than 1% of the company's shares
4. Tianwei Electronics: business of a special-field customer is restricted, expected to have a negative impact on company operations
5. Bestore: controlling shareholder Ningbo Hanyi pays 5 million yuan in liquidated damages in the first instance.
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