A-share evening hot spots | The Central Bank speaks out! There is still room for reserve requirement ratio cut

The following is the text of the evening news: 1. People's Bank of China speaks out! There is still room for reserve requirement ratio cuts. Importance: The State Council Information Office held a series of themed press conferences on "promoting high-quality development" on the 5th. Zou Lan, director of the Monetary Policy Department of the People's Bank of China, stated that the average statutory reserve ratio of financial institutions is about 7%, and there is still some room for further reduction. In terms of interest rates, the central bank continues to promote the stability and reduction of the overall social financing costs, but it is also important to note that factors such as the shift of bank deposits to wealth management products and the narrowing of banks' net interest margins may constrain further declines in deposit and lending rates. 2. Tesla plans to launch FSD in China in the first quarter of next year. Importance: On September 5th, Tesla released a roadmap on the X platform, expecting to launch the Full Self-Driving (FSD) system in China and Europe in the first quarter of 2025, subject to regulatory approval. Currently, Tesla's FSD has entered the V12.5 stage. The new version, through end-to-end technology, can achieve more natural lane changes and urban intelligent driving. It also enhances visual monitoring of the driver when wearing sunglasses, as well as functions such as not requiring manual steering or acceleration on city streets. Industry analysts believe that Tesla's accelerated entry of FSD into China may be to further boost its sales. Relevant data shows that in the first half of this year, Tesla's revenue in China accounted for 20% of its global revenue, slightly down from the same period in 2023 (22.7%). 3. Xinhua News Agency: Central SOEs' investment in strategic emerging industries exceeded 1 trillion yuan in the first seven months. Importance: In the first seven months of this year, central enterprises have steadily increased their investment in strategic emerging industries, with investments exceeding 1 trillion yuan, a year-on-year increase of 24%. This accounts for 38% of total investment by central enterprises, demonstrating their strong momentum in the field of emerging industries. It is understood that these investments are mainly directed towards new generation information technology, artificial intelligence, aerospace, new energy, new materials, high-end equipment, biomedicine, quantum technology and other fields. Central state-owned enterprises are promoting industrial structure optimization and upgrading, nurturing new economic growth points through increased investment in these areas. 4. Five departments issue notice on "zero tariff" for medical devices in Hainan. Importance: With the approval of the State Council, the Ministry of Finance, the National Health Commission, the General Administration of Customs, the State Taxation Administration, and the National Medical Products Administration recently issued a notice on the "zero tariff" policy for drugs and medical devices in the Hainan Free Trade Port. Before the island is completely closed, medical institutions, medical education institutions, and pharmaceutical research institutes registered and recognized in the Boao Lecheng International Medical Tourism Pilot Zone in Hainan, when importing drugs and medical devices specified in this notice and using them according to regulations, are exempted from import tariffs and import value-added tax. 5. The first batch of ten China A500ETFs have arrived. Importance: The first batch of China A500ETFs may be distributed to 10 public funds. Morgan Asset Management, Huatai Bairui Fund, Fuguo Fund, CMB Fund, and Taikang Fund are expected to apply for listing on the Shanghai Stock Exchange, while Guotai Fund, YinHua Fund, Southern Fund, Jiashi Fund, and Invesco Great Wall Fund are expected to apply for listing on the Shenzhen Stock Exchange. It is reported that the 10 companies will submit their applications as soon as September 5th. In the view of many industry insiders, the issuance of China A500ETFs may once again see the same enthusiasm as the China A50ETF, attracting more incremental funds. So far this year, broad-based ETFs have shown significant capital inflows. According to Wind data, as of September 4th, net inflows into stock ETFs across the market have exceeded 700 billion yuan. 6. "Post-80s" investment bank CEO removed from the venue. Importance: On September 5th, Wang Zhaopeng, Executive General Manager of Shenwan Hongyuan Group Securities Underwriting Sponsorship Co., Ltd., was taken away from the venue by relevant authorities. Information shows that Wang Zhaopeng has been deeply involved in the third board business field since joining what was then Shenwan Securities after becoming a leader in Shenwan Hongyuan Group Securities Underwriting Sponsorship Company's new third board business and later the Beixiang Stock Exchange business. Publicly available information shows that Wang Zhaopeng was born in June 1980, making him a "post-80s" individual. In addition, the following news is also worth paying attention to: 7. Multiple major bank apps launch "adjustment of existing housing loan interest rates" feature? Actually the entrance was from last year. 8. Special national bonds held by the People's Bank of China are now being sold for the first time. 9. Tesla responds to rumors of Musk buying a house in Beijing: fake news. 1. US stock indices rise and fall unevenly, with NIO rising over 6%. The three major US stock indices rose and fell unevenly, as of the time of publication at 10 pm, the Dow Jones Index fell by 0.26%, the Nasdaq Index rose by 0.8%, and the S&P Index rose by 0.15%. In terms of individual stocks, NIO rose by over 6%, achieving new highs in Q2 revenue and deliveries; Tesla rose by nearly 5%, with plans to launch the Full Self-Driving (FSD) system in China and Europe in the first quarter of 2025; US Steel rose by over 2%, as Japan Steel stated that it had not received news of Biden preventing its deal with US Steel. 2. US August ADP employment adds 99,000 people, hitting a three-and-a-half-year low. Data shows that in August, the ADP employment increased by 99,000 people in the US, hitting the lowest level since January 2021, significantly below the expected 145,000 people and the previous value of 122,000 people. Some economists have stated that after two years of significant growth, the downward trend in the US job market has led to recruiting rates below normal levels. The next indicator to watch is wage growth, which is stabilizing after a significant slowdown following the pandemic. After the data was released, concerns about a recession resurfaced, leading to a short-term drop in US bond yields and the US dollar index. 3. Economists warn: A substantial rate cut by the Federal Reserve "is more harm than good" and may scare financial markets. At a time when the US stock market is once again volatile, an economist warns that a substantial rate cut by the Federal Reserve this month could trigger market panic and send out a wrong message of imminent economic recession risks. The Federal Reserve's interest rate meeting scheduled for September isThe meeting will be held on September 17th and 18th. Rate cut is already a sure thing, the only point of contention is the extent of the rate cut. Investors are currently closely monitoring economic data, and if this Friday's non-farm payroll report and next week's CPI index show a cooling of the labor market and inflation, it will support the Fed's decision to cut rates by 50 basis points this month.Self-selected brother analyzes the investment opportunities of the market and finds that the aerospace industry is receiving attention. 1. China's Tianwen-3 mission is planned to be launched around 2028. On September 5th, at the main forum of the Second Deep Space Exploration (Tian Du) International Conference held in Huangshan, Anhui, Liu Jizhong, the chief designer of the Tianwen-3 mission, introduced that China's Tianwen-3 mission plans to implement two launch missions around 2028, achieving the return of Mars samples to Earth. Liu Jizhong introduced that the Tianwen-3 mission will carry out international cooperation in three aspects: international payload cooperation, sample and data sharing, and joint research on future planning. According to a CITIC SEC research report, China's aerospace industry has entered the "fast lane" of development, with the construction of new emerging constellations such as satellite internet and the trend of large launch vehicles with low costs leading commercial spaceflight into a new era. A new trillion-dollar market track is about to set sail, bringing huge development opportunities to related industrial chains. It is recommended to pay attention to investment opportunities in the following specific areas: satellite manufacturing, commercial rockets, ground equipment, operating services, etc. In addition, the following sectors are also worth paying attention to: 2. Computing Power | Huang Renxun claims that computing power for deep learning will increase by 1 million times in the next 10 years. 3. Artificial Intelligence | Central enterprises' investment in strategic emerging industries exceeded 1 trillion yuan in the first seven months. In terms of positive announcements, Self-selected Brother suggests paying attention to Gan & Lee Pharmaceuticals., who plan to repurchase shares. In terms of negative announcements, Kunshan Kersen Science & Technology, which has been up for nine consecutive days, warns of risks. Positive announcements: 1. Gan & Lee Pharmaceuticals.: Plans to repurchase shares with self-owned funds ranging from 150 million to 300 million yuan. 2. Jiangsu Guoxin Corp., Ltd.: The company has formulated the "Dual Enhancement of Quality Reward" action plan to stimulate the momentum for high-quality development. 3. Jilin Liyuan Precision Manufacturing: Bank accounts of the company have all been unfrozen. 4. Baotailong New Materials: Baotailong New Materials' mine has resumed production. 5. Ourpalm Co., Ltd.: Plans to repurchase shares with 50 million to 100 million yuan. 6. Winning Health Technology Group: Plans to repurchase shares with 40 million to 80 million yuan. Negative announcements: 1. Kunshan Kersen Science & Technology, up for nine consecutive days: Stock prices have significantly deviated from the company's fundamentals, posing risks of excessive irrational speculation. 2. Ways Electron, up for four consecutive days: The company does not produce VR terminal products. 3. HPGC Renmintongtai Pharmaceutical Corporation, up for two consecutive days: The company's main business includes pharmaceutical wholesale. 4. Qingdao Weflo Valve: The company and related responsible persons have received a warning letter from the Qingdao Securities Regulatory Bureau. 5. Lihe Technology: Shareholder Guoke Ruihua plans to reduce its shareholding by no more than 2.38%. 6. Jinneng Holding Shanxi Electric Power: Shareholders plan to reduce their holdings by no more than 31.0532 million shares. This article is compiled from "Tencent Stock Selection," edited by GMTEight: Xu Ran.