🌹【Morning News Highlights for August 19】
1. Li Qiang presided over the ninth plenary meeting of the State Council on August 18, deeply studying and implementing Xi Jinping's important speech on the current economic situation and economic work, emphasizing the need to unify thoughts and actions with the Central Committee's scientific judgment and decision-making on the situation, consolidate and expand the momentum of economic recovery, and strive to achieve the annual economic and social development goals. Li Qiang emphasized the need to focus on key points to strengthen the domestic economic cycle, continuously stimulate consumption potential, take strong measures to stabilize the real estate market, promote urban renewal and the transformation of urban villages and dilapidated houses, and release improvement demand through multiple channels.
2. According to the Anti-Subsidy Regulations of the People's Republic of China, on August 21, 2024, the Ministry of Commerce issued Announcement No. 34 of 2024, deciding to initiate an anti-subsidy investigation into imported dairy products originating from the European Union. Given the complexity of this case, the Ministry of Commerce has decided to extend the investigation period to February 21, 2026, in accordance with Article 27 of the Anti-Subsidy Regulations.
3. During yesterday's routine press conference at the Ministry of Foreign Affairs, a reporter asked about the meeting between Putin and Trump. In response, spokesperson Mao Ning stated that China supports all efforts that are conducive to peacefully resolving the crisis, welcomes the continued contact between Russia and the United States, and promotes the political resolution process of the Ukraine crisis.
4. Yesterday, the market value of A-shares broke through the 100 trillion yuan mark for the first time in history, with an increase of 14.5 trillion yuan this year.
5. The positive performance of A-shares has led to active changes in brokerage account openings. A reporter from the Financial Association found that most brokerages reported an increase in account openings yesterday, with some brokerages hitting a new high for daily account openings since August. Unlike the market on September 24, there was no significant surge in account openings yesterday, with the number of new clients generally increasing by 30% to 50% year-on-year, particularly for institutions with effective client acquisition channels, indicating a steady recovery in market trading enthusiasm.
6. Tesla China announced on its official Weibo that the Model Y L version is about to debut. According to reports from the Financial Association, the six-seat version of the MODEL Y L is expected to be launched in the third quarter, with an estimated price of around 400,000 yuan.
7. The China Automobile Dealers Association released the '2025 National Automobile Dealer Survival Status Survey Report for the First Half of 2025', showing that in the first half of 2025, only 30.3% of dealers met their sales targets, with 29.0% of dealers achieving less than 70% of their targets, and 40.7% of dealers achieving more than 70% but less than 100%.
8. The first low-altitude air route connecting Kunshan, Jiangsu, and downtown Shanghai is officially open, allowing for a 20-minute aerial direct connection between the two locations across provinces (cities) and rivers. Unlike other low-altitude routes, a major highlight of this line is its support for 'night flights.'
9. Industry insiders revealed that the Shenzhen Stock Exchange recently sent a special letter to member units, requesting member brokerages to assist in surveying the participation of clients with credit trading collateral securities accounts in shareholder meeting online voting. It is reported that this move aims to optimize the online voting mechanism for shareholder meetings of margin accounts in the Shenzhen market and enhance the user experience for members. The Shenzhen Stock Exchange is exploring the feasibility of establishing a dedicated voting channel for margin accounts to support member brokerages in bulk uploading formatted voting data.
10. The three major U.S. stock indices closed nearly flat, with the Nasdaq up 0.03%, the S&P 500 down 0.01%, and the Dow down 0.08%. Intel fell over 3%, ending its previous six-day rising streak. GoodRx surged over 37%, marking its best single-day performance since September 2020. Dayforce rose about 26%, with market news indicating that private equity firm Thoma Bravo is in talks to acquire this human resources management software company. Most popular Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index closing up 0.12%. European stocks closed mixed, with the Euro Stoxx 50 index down 0.25%.
