Artificial Intelligence
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Industrial Economy
 
*China’s central finance rolls out its first-ever interest subsidy program for commercial home loans, effective Oct 1 for a one-year tentative implementation with no cap on total funding. Targeting first-home buyers, the policy applies to both new and pre-owned houses with floor area ≤120 sqm and purchase price ≤cny 1.5mn.
 
*SASAC: Further push development in key sectors including AI and new materials, and proactively foster cutting-edge tracks such as quantum technology.
 
*Trump will issue an executive order to rename “Artificial Intelligence” to “SuperIntelligence”, vowing not to stifle AI development.
 
*OpenAI launches Dots, an always-on AI agent running on a GPT-6-based Astra model, capable of proactively handling research, coding, and document drafting.
 
*Chinese scientists have developed single-beam multidimensional optical storage technology, opening new options for massive volume data storage.
 
Financial
 
*PBOC tweaks several monetary policy tools: The 1-year PSL rate is cut from 1.75% to 1.5%. The relending quota for scitech innovation and technological upgrading is raised to RMB1.4 trillion. Construction of the “six networks”, including new-type power grids, computing power networks and new-generation communication networks, is added to PSL-supported areas.
 
Sep 29 Block Trade Info
 
*Premium
 
-Valin Steel (000932 CH) saw 3 block trades worth 138.56mn at 3.44yuan per share, 1.18pct premium from last closing.
 
-Liuzhou Iron & Steel (601003 CH) saw 4 block trades worth 60.59mn at 3.50yuan per share, 1.16pct premium from last closing.
 
*Discount
 
-Changhua Holding Group (605018 CH) saw 2 block trades worth 51.14mn at 10.88yuan per share, 9.93pct discount from last closing.
 
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