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International
-The heads of China and the United States held in-depth exchanges of views on the constructive, stable strategic relationship between China and the United States and major international and regional issues, reaching consensus on eight outcomes, including: The two sides agreed to build “a constructive, stable strategic relationship between China and the United States based on respect, fairness and reciprocity”. The two heads of state agreed that Iran should honor its commitment not to develop nuclear weapons, and that no country or institution may impose tolls on international waterways. The two heads of state recognized the positive role of the China-US economic and trade consultation mechanism and the outcomes of consultations between the two countries’ economic and trade teams, including establishing and advancing mechanisms such as a trade council, reaching a reciprocal tariff reduction arrangement worth USD 30 billion, extending the validity of the outcomes of the Kuala Lumpur economic and trade consultations, and instructed relevant parties to implement them. The two sides agreed to launch the China-US Artificial Intelligence Dialogue to exchange views on the risks and benefits associated with artificial intelligence. The next dialogue will take place in November this year. The two sides agreed to set up a communication channel for AI-related incidents.
AI Industry
-The International Monetary Fund (IMF) stated in its latest annual report that global artificial intelligence (AI) investment led by the private sector could exceed $2 trillion this year, making it one of the most powerful drivers of economic growth in recent years.
-The frenzy of AI capital spending by hyperscale cloud companies is shifting the debate from “how much to spend” to the core question of “how much revenue can be generated in return”. According to the latest Goldman Sachs research, for the six major hyperscale cloud firms to achieve a 15% ROIC on approximately $1.73 trillion of AI computing capital expenditure between 2026 and 2027, they need to generate a total of around $1.42 trillion in revenue from 2028 to 2030.
Financial
-The Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd. have revised the compilation methodology for the SSE Composite Index Series. The revisions include introducing a rule capping the weight of any single constituent sample at 15%.
Data
-China’s total outbound direct investment across all industries reached 778.47 billion yuan in the first eight months of 2026, down 0.6% year-on-year, equivalent to USD 113.39 billion, representing an increase of 3.9%. Of this amount, non-financial direct investment stood at 595.06 billion yuan, a drop of 14.4%.
Sep 24 Block Trade Info
*Discount
-Rongtai Electric Material (603119 CH) saw 30 block trades worth 166.91mn at 51.91yuan per share, 8.30pct discount from last closing.
-Valin Steel (000932 CH) saw 2 block trades worth 144.85mn at 3.45yuan per share, 2.54pct discount from last closing.
-WUS Printed Circuit (002463 CH) saw 2 block trades worth 142.60mn at 124.05yuan per share, 3.16pct discount from last closing.
For more insights, please visit Orient Futures Singapore’s research platform, 繁微.
