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Data

-PBoC: Jan-Aug new social aggregate financing accumulated by cny 26.56tn, up 4.66tn yoy. M2 up 8.8% yoy, M1 up 6% y/y and M0 up 11.7% yoy by end of Aug.

Financial

-MoF: ample room remains for fiscal policy to further drive growth, fiscal and tax policy tools will be used in innovative way to stimulate potential consumption and expand effective investment, “rich mine” of domestic demand will be well explored.

Sector News

-Changtian Phase III (Wuhan) Integrated Circuit Co., Ltd., with a registered capital of 20.72 bn yuan, has been officially established.

-The draft of the “National Standard for Pre-made Food Safety”, led by the National Health Commission, has passed expert review and will soon be open for public comments.

Co Focus

-Dongfeng Motor is advancing the development of third-generation solid-state batteries. Its independently developed 350 Wh/kg 1C solid-state battery product is expected to be first installed in a vehicle model by 2026, achieving a range of 1k km.

Sept 12 Block Trade Info

*Discount

-Kuang-Chi Tech (002625 CH) saw 3 block trades worth 223.69mn at 45.65yuan per share, 2.50pct discount from last closing.

-Centralcon Investment (000042 CH) saw 3 block trades worth 108.89mn at 8.19yuan per share, 5.97pct discount from last closing.

*Flat

-Hengli Petrochem (600346 CH) saw 1 block trade worth 199.98mn at 16.96yuan per share, flat from last closing.

-Inovance Tech (300124 CH) saw 1 block trade worth 129.08mn at 79.68yuan per share, flat from last closing.

*Premium

-Pudong Development Bank (600000 CH) saw 2 block trades worth 4.53bn at 13.81yuan per share, 1.54pct premium from last closing.

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