Shanghai Stock Exchange Suspends Trading Accounts of Some 'Shengu' Investors for Abnormal Trading

1. State Council Calls for Boosting Silver Economy Consumption Scenarios

Premier Li Qiang chaired a State Council executive meeting on September 18, emphasizing the need to comprehensively and objectively understand the impact of population aging. The meeting called for deeper implementation of the national strategy to actively respond to aging, and for advancing the comprehensive development of aging-related industries. Key measures include cultivating new consumption scenarios for the "silver economy" to better meet the needs of elderly consumers, thereby promoting both public welfare and domestic demand expansion.

The meeting also highlighted the importance of sports events in satisfying diverse lifestyle needs and improving quality of life. It urged increasing the supply of high-quality sports events, optimizing the use of sports facilities and event resources, and coordinating the development of competitive, professional, and mass-participation sports events.

2. Ten Government Departments Issue Measures to Boost RV Consumption

On September 18, the General Office of the State Council forwarded a notice from the Ministry of Culture and Tourism and nine other departments on promoting RV (recreational vehicle) consumption. The measures include launching an RV consumption promotion campaign, encouraging regions with suitable conditions to refine RV consumption policies, promoting new RV lifestyles, and fostering RV consumption culture. Pilot cities for auto circulation and consumption reform are encouraged to include RV consumption as a reform task, while pilot cities for new consumption models may include eligible RV campsites in their support scope.

3. China and U.S. in Communication on Year-End Leaders' Interaction

At a regular press briefing on September 18, Foreign Ministry Spokesperson Guo Jiakun responded to a question from Bloomberg News regarding a potential visit by Chinese leaders to the United States. Guo stated that China and the U.S. are in communication regarding arrangements for leaders' interactions within the year.

4. Securities Transaction Stamp Tax Revenue Up 82% in Jan–Aug

According to Ministry of Finance data released on September 8, national general public budget revenue from January to August totaled 15.6633 trillion yuan, up 5.7% year-on-year. Within this, securities transaction stamp tax revenue reached 216 billion yuan, a year-on-year increase of 82%. National general public budget expenditure for the same period was 18.1451 trillion yuan, up 1.2% year-on-year.

5. Shanghai Stock Exchange Suspends Trading Accounts of Certain "Shengu" Investors

The Shanghai Stock Exchange (SSE) announced that since its listing on September 17, Shengu Group's stock price has experienced significant volatility. Some investors engaged in abnormal trading behavior that disrupted normal trading order. The SSE has imposed self-regulatory measures, including suspending account trading for the relevant investors.

Separately, China Railway Assembly, Kangzhi Pharmaceutical, and *ST Jiuding have been placed under investigation by the China Securities Regulatory Commission (CSRC). Beijing Tianqing, a subsidiary of Jingcheng Holding, also received a notice of investigation on the same day.

6. Sources: ChangXin Memory Technologies Plans Entry into Flash Memory Market

According to reports cited by China News Service, Chinese chipmaker ChangXin Memory Technologies (CXMT) is preparing to enter the flash memory market. Sources indicate that CXMT plans to establish an R&D production line for NAND flash memory at a new factory in Beijing. The company has also set up a research institute in Beijing, with projects including NAND development.

The global flash memory market is currently dominated by Samsung Electronics and other foreign competitors. According to TrendForce data, Samsung held a 29.3% market share in Q2, making it the world's largest NAND flash supplier, followed by SK Hynix and Micron Technology.

7. Ministry of Culture and Tourism Supports Cultural Enterprises in Financing via IPOs, Equity, and Bonds

The Ministry of Culture and Tourism recently released the "15th Five-Year Plan for Cultural Industry Development." The plan calls for innovation in cultural financial services and products, and for better alignment of financial services with cultural industry needs. It encourages banking institutions to increase credit support for cultural enterprises, supports financial institutions in developing products tailored to the cultural sector, and backs eligible cultural enterprises in raising funds through IPOs, equity, and bonds. The plan also urges venture capital firms to increase investment in early- and growth-stage cultural enterprises, and encourages insurance companies to offer insurance products for cultural enterprises.

Investment Opportunities in Focus

AI + Manufacturing: Ministry of Industry and Information Technology Launches Action Plan

On September 18, the Ministry of Industry and Information Technology (MIIT) held a party meeting and a cadre conference, emphasizing the need to coordinate high-quality development with high-level security. The MIIT called for deeper integration of technological and industrial innovation, accelerated breakthroughs in key core technologies, and implementation of a new round of high-quality development actions for key manufacturing supply chains. The ministry also stressed advancing in the direction of intelligence, green development, and integration, launching an "AI + Manufacturing" initiative to accelerate the development of next-generation intelligent manufacturing, energy-saving and carbon-reduction actions, and green factory expansion plans.

Brokerage Insight: Xiangcai Securities recommends focusing on three areas:

• Application Layer: AI application companies with sustainable profitability, as the industry shifts from technology iteration to commercial monetization, particularly in AI agent commercialization.
• Model Layer: Domestic large-model developers with continuous iteration capabilities, as the gap with overseas leaders narrows.
• Computing Power Layer: The rise of domestic large models directly drives demand for domestic computing power, benefiting domestic AI chips and computing power leasing.

Other Sectors to Watch

• Low-Altitude Economy: Hangzhou has issued a draft for public comment on measures to support high-quality development of the low-altitude economy.
• AI Healthcare: Alibaba's AI model, recognized as the world's first expert-level general medical imaging model by Science, can identify 146 diseases using a single model.

Corporate Announcements: Positive and Negative

Positive Announcements

1. Foxconn Industrial Internet: Completed a 1 billion yuan share buyback at a price range of 59.91 yuan to 66.40 yuan per share.
2. Fushun Special Steel: Expects net profit of 350 million to 430 million yuan in the first three quarters, turning from a loss to a profit year-on-year.
3. China Nuclear Engineering: Subsidiary signed a contract for nuclear island installation work on Units 3 and 4 of the Taishan Nuclear Power Plant in Guangdong.
4. Weiming Environmental Protection: Won a 281 million yuan waste-to-energy project.

Negative Announcements

1. China Railway Assembly: Received a CSRC investigation notice for suspected violations of information disclosure regulations.
2. Kangzhi Pharmaceutical: Received a CSRC investigation notice for suspected violations of information disclosure regulations.
3. Baiyin Nonferrous: Major shareholder CITIC Group plans to reduce its stake by up to 1%.
4. Seewo: Specific shareholders Zhu Xin and Zhu Xun plan to reduce their combined stake by up to 0.85%.

This article is republished from "Tencent Self-Selected Stocks." Editor: Xu Wenqiang (Zhito Finance).