Pre-market report on A shares | Amount reaches up to 6 billion yuan! Maotai's first repurchase since its listing.

Early Morning Major News Brief 1. Amount reaching up to 6 billion yuan! Kweichow Moutai to repurchase shares for the first time in 23 years and cancel them Kweichow Moutai plans to use no less than 3 billion yuan and not more than 6 billion yuan to repurchase company shares, and plans to cancel these shares to reduce registered capital. It is noteworthy that over the weekend, the wholesale price of Feitian Moutai scattered bottles has once again decreased, with industry expectations potentially prompting Kweichow Moutai to take price stabilization measures. 2. The China-U.S. Economic Working Group held its fifth meeting to discuss macroeconomic situations and policies of both countries The China-U.S. Economic Working Group held its fifth meeting in Beijing on September 19-20, discussing topics such as the macroeconomic situations and policies of both countries, and responses to global challenges. The Chinese side expressed serious concerns about U.S. tariffs on China, investment restrictions on China, sanctions involving Russia, and actions affecting the interests of Chinese companies. 3. The China Securities Regulatory Commission revises risk control indicators for securities companies, supporting high-quality securities companies to improve capital efficiency The CSRC issued revised regulations on the calculation standards of risk control indicators for securities companies, optimizing risk control indicators for high-quality securities companies. Industry insiders point out that this move is aimed at supporting high-quality securities companies to expand their capital space moderately, releasing nearly a trillion funds. 4. Internet users who fabricated and spread rumors related to bond repurchase are penalized; public security agencies target the "minor documents" of the capital market Public security authorities have investigated a case involving malicious fabrication and dissemination of rumors on the internet to attract attention, illegal profit-making, and disruption of social order. Liu, Chen, and Shao deliberately fabricated and spread false information concerning bond repurchases, misleading public perception, and suspected of disrupting financial order. Financial Calendar No new stock purchases and listings on both Shanghai and Shenzhen markets today. Reminder: The 2024 Shenzhen eVTOL Exhibition is scheduled to take place today.Demonstration project for coal quality classification and utilization of 100,000 tons/year.5. Bomin Electronics: Plans to acquire 86.8535% equity of BenChuang Electronics for not more than 250 million yuan. 6. Darbond Technology: Plans to acquire 53% equity of HengSuo Huawei, a semiconductor packaging material company. Negative announcements: 1. 13 consecutive days of trading suspension for Baoding Tianwei Baobian Electric: Currently not involving asset injection, business restructuring, major business cooperation, etc. 2. 4 consecutive days of trading suspension for Datang Telecom Technology: The asset sale in this restructuring has completed industrial and commercial change registration procedures. 3. 4 consecutive days of trading suspension for Beijing Electronic Zone High-tech Group: Discussion and heat on platforms such as stock forums have increased, with no changes in related business. 4. 7 consecutive days of trading suspension for Qingdao Topscomm Communication INC.: The company has not engaged in substantive cooperation with Huawei. 5. 4 consecutive days of trading suspension for Pengxin International Mining: Uncertainties exist in cooperation with Ganzhou Industrial Investment Group. 6. 2 consecutive days of trading suspension for Shenzhen Infogem Technologies: The transfer agreement will not result in a change of control of the company. 7. Shenzhen New Land Tool Planning & Architectural Design: Two shareholders plan to collectively reduce their shareholdings by no more than 4%. Regulatory restriction list: In terms of the lifting ratio, the companies with the highest lifting ratios this week are Shanghai Geoharbour Construction Group Co., Ltd., Hangzhou Wensli Silk Culture, Shandong Kaisheng New Materials, etc. Overseas markets: The US stock market closed with mixed gains and losses last Friday, with the Dow hitting a historic high again, and all three major indexes recording gains for the second consecutive week. In other markets, on September 20th, COMEX gold futures main contract rose by 31.60 US dollars per ounce, an increase of 1.21%, to 2646.20 US dollars per ounce; light crude oil futures delivered on the New York Mercantile Exchange closed at 71.00 US dollars per barrel, a decrease of 0.22%; London Brent crude oil futures closed at 73.69 US dollars per barrel, a decrease of 0.43%. This article is reprinted from "Tencent Stock Selection". Editor: Xu Wenqiang.