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Data

*National Bureau of Statistics: profits of major industrial enterprises grew 0.9% y/y in the first eight months of 2025.

Co Focus

*Moore Threads Intelligent Technology (Beijing) Co., Ltd. successfully passed the review of the STAR Market listing committee of the Shanghai Stock Exchange for its IPO.

Industrial Economy

*NDRC along with six other departments jointly issued an implementation opinion on “AI + Transportation” to accelerate the innovation of intelligent products, which emphasizes speeding up the R&D of intelligent driving systems, remote driving cockpits and other products, while encouraging the development of new equipment such as drones and all-terrain vehicles.

*MIIT and other six departments jointly issued the “Work Plan for Stabilizing Growth in the Petrochemical and Chemical Industry (2025-2026)”, which calls for strict control over the addition of new oil refining capacity and the rational determination of the scale and pace for adding new production capacity for ethylene and paraxylene.

*The Monetary Policy Committee of the PBoC convened its Q3 regular meeting for 2025, which called for intensified efforts to revitalize the stock of unsold commercial housing and unused land, aiming to consolidate the stabilizing trend in the real estate market.

Finance

*NDRC along with five other departments jointly issued the “Several Measures on Strengthening the Cultivation of Innovative Digital Economy Enterprises”, which emphasizes intensified efforts to support eligible high-quality digital innovation enterprises in achieving listing and financing.

Sept 26 Block Trade Info

*Discount

-Intsig Info (688615 CH) saw 1 block trade worth 100.33mn at 150.50yuan per share, 2.59pct discount from last closing.

-Hygon Info (688041 CH) saw 6 block trades worth 126.89mn at 243.55yuan per share, 6.00pct discount from last closing.

-Advanced Micro-Fabrication Equipment (688012 CH) saw 6 block trades worth 243.76mn at 264.96yuan per share, 8.63pct discount from last closing.

-Kuang-Chi Tech (002625 CH) saw 4 block trades worth 272.83mn at 47.04yuan per share, 2.49pct discount from last closing.

*Flat

-Zijin Mining Group (601899 CH) saw 2 block trades worth cny 183.58mn at 27.40yuan per shr, flat from last closing.

-CATL (300750 CH) saw 5 block trades worth cny 227.10mn at 380.40yuan per shr, flat from last closing.

*Premium

-Pudong Development Bank (600000 CH) saw 1 block trade worth cny 781.64mn at 12.43yuan per shr, 1.47pct premium from last closing.

Disclaimer

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