Evening hot topics in A-shares | Two departments take action, PricewaterhouseCoopers faces maximum penalty

The following is the main text of the evening news: 1. August Financial Data Released, Central Bank: Further Reduce the Comprehensive Financing Cost On Friday, September 13, the People's Bank of China released data showing: - Chinese new RMB loans in January-August totaled 14.43 trillion RMB, compared to 13.53 trillion RMB previously. RMB deposits increased by 12.88 trillion RMB. Among them, household deposits increased by 9.65 trillion RMB, non-financial corporate deposits decreased by 2.88 trillion RMB, fiscal deposits increased by 960.6 billion RMB, and non-banking financial institution deposits increased by 3.59 trillion RMB. - Total social financing increment in January-August was 21.9 trillion RMB, compared to 18.87 trillion RMB previously. - China's M2 money supply in August increased by 6.3% year-on-year, unchanged from before, while M1 money supply in August decreased by 7.3% year-on-year, further expanding from July's 6.6% decrease. According to officials from the Central Bank, looking at the data for August, there are three main characteristics: rational growth in financial total, continuous optimization of credit structure, and continued decline in interest rates at low levels. Next, the People's Bank of China will adhere to a supportive monetary policy stance to create a good monetary and financial environment for economic recovery. The monetary policy will be more flexible and moderate, precise and effective, increase regulatory intensity, accelerate the effectiveness of financial policy measures already implemented, introduce some incremental policy measures, further reduce corporate financing and household credit costs, and maintain reasonable liquidity. 2. Delay How Long, How to Implement? Experts Interpret Delayed Retirement Reform Document On September 13, the Standing Committee of the National People's Congress voted on and released a decision on the gradual implementation of the legal retirement age. Specific actions include: - Men will retire at the age of 63, female cadres at 58, and female workers at 55. - Can choose flexible early or postponed retirement, not exceeding 3 years. - The minimum payment period for basic pension has increased to 20 years. - Paying pension insurance premiums for those nearing retirement and unemployed. - Special types of workers can apply for early retirement. 3. Ministry of Finance, Securities Regulatory Commission Take Action: PwC Fined 440 Million Recently, the Ministry of Finance and the Securities Regulatory Commission imposed heavy fines on PwC. The Ministry of Finance imposed administrative penalties of confiscation of illegal proceeds and a fine of 116 million RMB for PwC's illegal activities related to the 2018 audit of Evergrande Real Estate. Additionally, PwC was warned, its business operations suspended for 6 months, and its Guangzhou branch revoked. The Securities Regulatory Commission issued an administrative penalty to PwC for its lack of diligence in auditing Evergrande Real Estate's annual report and bond issuance, confiscating all business income during the period in question totaling 27.74 million RMB, and imposing the maximum fine of 297 million RMB, totaling a fine of 325 million RMB. 4. Shanghai: Supporting Leading Financial Technology Companies to Merge The Shanghai Municipal People's Government recently issued the "Action Plan for High-Quality Advancement of the Global Financial Technology Center Construction in Shanghai." It mentions strengthening direct investment support for financial technology companies, supporting leading financial technology companies to integrate industry chain resources through mergers and acquisitions, and supporting financial technology companies to engage in cross-border mergers and integrate high-quality overseas project resources. Supporting original research on financial technology technologies, focusing on areas such as artificial intelligence, cloud-native, blockchain, privacy computing, quantum computing, and promoting the fundamental technological research and original innovation of financial science and technology. 5. Chinese Companies Lead 6G Standardization Work for the First Time On September 12, at the 105th meeting of the 3rd Generation Partnership Project (3GPP) Business and Systems Technical Specification Group (SA) in Melbourne, Australia, the first 6G standard project of the 3GPP the 6G scenario use case and demand research project was approved. This project marks the official entry into the substantive stage of global 6G standardization work, with support from over 90 companies globally, more than twice the number of companies supporting the 5G demand project. Additionally, the participation of government departments, research institutions, vertical industries, and terminal companies significantly increased, from 8 during the 5G era to 46; satellite companies' participation also increased from 0 during the 5G era to 9 in the 6G era. 6. EU Plans to Reject! Ministry of Commerce Responds On September 12, a spokesperson for the European Commission announced that the proposed price commitment solutions from the China Machinery Industry Association and all electric vehicle manufacturers regarding the EU's anti-subsidy case for electric vehicles did not meet the requirements, and the EU intends to reject the relevant price commitment applications. In response, the Ministry of Commerce stated that China took note of the EU's statement. The European Commission disregarded the sincerity and efforts of the Chinese industry, proposing to reject the flexible solution suggestions without thorough communication. China is deeply disappointed by this. On the one hand, the EU claims to be willing to solve through dialogue, but on the other hand, they quickly and hastily reject China's suggestions without giving any specific reasons, showing no sincerity in moving towards a solution together. If a consensus cannot be reached in the end, the responsibility lies entirely with the EU. In addition, the following news is also worth noting: 7. The Standing Committee of the National People's Congress published a decision to amend the Statistics Law of the People's Republic of China. 8. US Stocks Opened High and Rose, with Pinduoduo Falling by Over 2% US stocks opened high and rose, with the Dow Jones index up by 0.46%, the Nasdaq index up by 0.28%, and the S&P index up by 0.31% as of 22:00. In terms of individual stocks, some Chinese concept stocks fell, with Pinduoduo falling by over 2% and Alibaba falling by over 1%. Oracle rose by nearly 3%, exceeding expectations for 2026 fiscal year revenue guidance; Boeing fell by over 2% as around 33,000 Boeing workers decided to strike. 9. White House: Proposed Establishment of Artificial Intelligence Data Center Infrastructure Working Group.The White House released a statement on the 12th local time, stating that today, as part of the responsible innovation comprehensive strategy of the Biden-Harris administration, the White House convened leaders from large-scale enterprises, artificial intelligence (AI) companies, data center operators, and utility companies to discuss measures to ensure that the United States continues to lead the world in the field of artificial intelligence.To promote public-private partnerships around the development of artificial intelligence data centers in the United States, the White House announced several new actions after the meeting. Among them, the White House is launching a new Artificial Intelligence Data Center Infrastructure Working Group to coordinate government-wide policies. A U.S. judge dismissed two charges against Trump On Thursday (September 12) local time, a judge in Georgia dismissed three charges brought by prosecutors in a 2020 Georgia election interference case, two of which involve former President and Republican presidential candidate Trump. After the judge withdrew two more charges, Trump is currently facing 8 charges in the case. Trump's lawyers released a statement on Thursday saying that Trump and his legal team in Georgia had won again. Selected Brother analyzes the investment opportunities in the market and finds that photovoltaics are receiving attention. 1. Shanghai: Accelerating the construction of onshore wind energy and photovoltaic power station projects Shanghai Development and Reform Commission issued a notice on matters related to the development and construction of renewable energy in Shanghai by 2024. It proposes to accelerate the construction of onshore wind energy and photovoltaic power station projects. The planned onshore wind power capacity in various districts this year is 24.841 megawatts, and the photovoltaic power station capacity is 48.896 kilowatts, which Shanghai Power Company has assessed can be fully guaranteed for consumption and all included in the 2024 onshore wind energy and photovoltaic power station development and construction plan. Regarding the photovoltaic industry, Minsheng Securities pointed out that domestic and foreign demand expectations are strong; the technological iteration of the industrial chain is accelerating, emphasizing differentiation advantages, and each manufacturer is expected to build differentiation advantages through continuous research and development, while continuously expanding downstream application scenarios. It is recommended to focus on three main lines: 1) The battery cell link with potential technological changes and disruption is recommended by LONGi Green Energy Technology, JA Solar Technology, Jinko Solar, Trina Solar Co., Ltd., focusing on Risen Energy, Shanghai Aiko Solar Energy, Qingdao Gaoce Technology, Suzhou Maxwell Technologies, Wuxi Dk Electronic Materials Co., Ltd., TCL Zhonghuan Renewable Energy Technology, and Hainan Drinda New Energy Technology. 2) It is recommended to focus on the inverter links that benefit deeply from the high demand for light and storage Sungrow Power Supply, Jiangsu Goodwe Power Supply Technology Co., Ltd., Ginlong Technologies, Ningbo Deye Technology, Hoymiles Power Electronics Inc., Yuneng Technology; focusing on Sungrow Power Supply, Arctech Solar Holding, Sineng Electric that are expected to benefit from large power plants. 3) It is recommended to focus on auxiliary material companies with logical room for market share improvement, recommend Wetown Electric Group, focus on Suzhou YourBest New-type Materials, Jiangsu Tongling Electric; recommend the EVA film and high-purity quartz sand links with tight supply and demand balance, recommend Hangzhou First Applied Material, Shanghai Hiuv New Materials Co., Ltd., Cybrid Technologies Inc., focusing on Jiangsu Pacific Quartz, etc. In addition, the following sectors are also worth paying attention to: 2. Artificial Intelligence | The White House announces the establishment of a new Artificial Intelligence Data Center Infrastructure Working Group. 3. 6G | Global 6G standardization work enters a substantive stage. 4. Pharmaceutical | National Medical Products Administration: Encourages multinational companies to transfer original research chemical drugs to domestic production. In terms of positive announcements, Selected Brother suggests focusing on Chongqing Sokon Industry Group Stock's acquisition of Longsheng New Energy equity, and in negative announcements, Baoding Tianwei Baobian Electric, which has been halted 7 times in 10 days, warns of risks. Positive Announcements 1. Chongqing Sokon Industry Group Stock: Intends to issue shares to purchase 100% equity of Longsheng New Energy 2. Goertek Inc.: Intends to spin off its controlling subsidiary Geoway to the main board of the Hong Kong Stock Exchange 3. Nextool Technology: Plans to repurchase shares for 20-30 million Yuan 4. Zhejiang Risun Intelligent Technology: Plans to repurchase company shares for 10-20 million Yuan 5. Greattown: Subsidiary signs a 750 million Yuan contract for advanced computing technology services Negative Announcements 1. Baoding Tianwei Baobian Electric, which has been halted 7 times in 10 days: The integration plan still needs to go through internal decision-making procedures and obtain approval from relevant regulatory authorities. 2. Lontrue Co., Ltd.: Investigated by the China Securities Regulatory Commission for suspected violations of laws and regulations on information disclosure 3. Enjoyor Technology: Investigated by the China Securities Regulatory Commission for suspected violations of laws and regulations on information disclosure.The regulatory commission initiates an investigation.4. Chongqing Hifuture Information Technology: The company's stock will be subject to additional risk alerts. 5. Shanghai STEP Electric Corporation: Director Jin Xinhai of the company has been arrested on suspicion of embezzlement. 6. Lecron Industrial Development Group: The company is under investigation by the China Securities Regulatory Commission for alleged illegal information disclosure.