🌹September 4th Domestic News Highlights
1. Recently, the Ministry of Finance and the People's Bank of China held the second head meeting of the joint working group. The meeting conducted in-depth discussions on topics such as financial market operations, government bond issuance management, central bank treasury bond trading operations, and improving the offshore RMB treasury bond issuance mechanism. The next step is to continue promoting the stable and healthy development of China's bond market and jointly ensure that fiscal and monetary policies are implemented effectively.
2. A senior executive at Goldman Sachs recently stated that investor sentiment has significantly improved, and there is still room for growth in the Chinese stock market. The President of Goldman Sachs Asia Pacific (excluding Japan) noted that while some long-term investors are still seeking clearer policy signals, the inflow of funds into hedge funds has improved.
3. On September 3rd, the Hong Kong Stock Exchange announced that the conversion deduction rates for RMB to HKD and RMB to USD will remain at 2.6% after market close on September 5, 2025.
4. The Ministry of Commerce of China has determined that U.S. fiber optic manufacturers and exporters, by changing trade models, export related cutoff wavelength displacement single-mode fiber (G.654.C fiber) to China without sufficient commercial reason, undermining the effectiveness of existing anti-dumping measures and constituting a circumvention of the anti-dumping measures on imports of non-dispersion shifted single-mode fiber originating from the U.S. According to relevant regulations, starting from September 4, 2025, the current anti-dumping tax rate on imports of non-dispersion shifted single-mode fiber from the U.S. will apply to related cutoff wavelength displacement single-mode fiber originating from the U.S.
5. FTSE Russell announced on September 3rd that there will be quarterly review changes to indices such as the FTSE China 50, effective after market close on September 19th. The FTSE China A50 Index will include BeiGene, New Ease, WuXi AppTec, and Zhongji Xuchuang, while excluding China Nuclear Power, China Unicom, Guodian NARI, and Wanhua Chemical.
6. China Securities Index Co., Ltd. will officially release the CSI A500 Growth Index and CSI A500 Value Index on September 10, 2025. The CSI A500 Growth Index selects the top 100 securities based on growth factor scores from the CSI A500 index sample. The CSI A500 Value Index selects the top 100 securities based on value factor scores from the CSI A500 index sample.
7. On September 3rd, Zhongji Xuchuang surged over 10%, with a total market value rising to 473.548 billion yuan, surpassing Orient Wealth (420.862 billion yuan) for the first time and jumping to second place in the total market value of the ChiNext.
8. According to sources, OPEC+ will consider further increasing oil production in a meeting this Sunday in an effort to regain market share.
9. The China Banking Association has released the China Financial Leasing Industry Development Report (2025), which states that by the end of 2024, financial leasing companies have become the largest holders of domestic aircraft orders; domestic ships have accounted for the vast majority of new ship orders from financial leasing companies.
10. The three major U.S. stock indices showed mixed performance, with the Dow Jones Industrial Average down 0.05%, the S&P 500 index up 0.51%, and the Nasdaq Composite index up 1.02%. Google rose over 9%, marking its best single-day performance since April 9, setting a record high. Apple closed up 3.8%, marking its largest increase in nearly a month.
