September 5 Domestic news highlights
1. The General Office of the State Council issued opinions on releasing the potential of sports consumption and further promoting the high-quality development of the sports industry. By 2030, the development level of the sports industry will greatly increase, with a total scale exceeding 7 trillion yuan. The opinions propose to strengthen sports enterprises and expand the number of large sports enterprises.
2. The head of the Trade Relief Investigation Bureau of the Ministry of Commerce answered reporters' questions regarding China's first anti-circumvention investigation, stating that in response to applications from domestic enterprises, on March 4, 2025, the Ministry of Commerce issued a notice on the initiation of the first anti-circumvention investigation, legally launching an anti-circumvention investigation on imported related single-mode optical fiber products originating from the United States with a cutoff wavelength shift, and based on the investigation results, decided to implement anti-circumvention measures from September 4, 2025.
3. To maintain ample liquidity in the banking system, on September 5, 2025, the People's Bank of China will conduct a 1 trillion yuan reverse repo operation through a fixed quantity, interest rate bidding, and multiple price levels for three months (91 days).
4. The Ministry of Industry and Information Technology and the State Administration for Market Regulation issued the Action Plan for Steady Growth of the Electronic Information Manufacturing Industry (2025-2026), which points out the need to strengthen efforts in key areas such as CPU, high-performance artificial intelligence servers, and hardware-software collaboration, and to conduct adaptability testing for AI chips and large models.
5. On September 4, the Agricultural Bank's total market value rose to 2.55 trillion yuan, surpassing the Industrial and Commercial Bank of China (2.49 trillion yuan) for the first time and becoming the 'market value champion' in A-shares. At the same time, the Agricultural Bank's total market value has increased by a cumulative 721.9 billion yuan this year, ranking first in growth among A-shares.
6. It is reported that the Chinese AI company DeepSeek plans to officially launch its AI agent by the end of 2025 to seize the next generation of human-computer interaction entry points. In response, DeepSeek has not provided any comments.
7. In response to public concerns regarding issues in advertising and marketing by some car manufacturers, the China Advertising Association issued a statement on September 4, pointing out that bottomless marketing in the automotive industry is a manifestation of internal competition and that it needs to hit the 'brake pedal.'
8. Huawei's extraordinary master release of the Mate XTs foldable phone is equipped with the Kirin 9020 chip and HarmonyOS 5.0, starting from 17,999 yuan. This is the first public display of Huawei's Kirin chip in four years.
9. Li Zhiying, head of Greater China equities at UBS Wealth Management, stated in an online briefing that China's AI development is showing two major highlights: substantial progress in AI monetization capabilities and accelerated progress in chip localization.
10. U.S. stocks rose on Thursday, with weaker-than-expected labor market data boosting interest rate cut prospects, overshadowing the impact of disappointing earnings from several technology companies. By the close, the S&P 500 index rose 0.83%, reaching a new closing high, the Dow Jones index rose 0.77%, and the Nasdaq Composite index rose 0.98%. Chip stocks strengthened, with Western Digital up over 5% and Micron Technology up over 4%. Major tech stocks also strengthened, with Amazon up over 4%, marking the largest increase since May.
