A-share evening hot spots | Gold reaches $3700 for the first time, RMB against the dollar spot exchange rate hits a 10-month high again

1. 19 Measures to Expand Service Consumption! 9 Departments Issue Documents On September 16, the Ministry of Commerce and 9 other departments issued the "Several Policy Measures on Expanding Service Consumption," proposing 19 measures in five areas, including: launching a series of consumer promotion activities during the "Service Consumption Season"; supporting cross-border cooperation between high-quality consumer resources and well-known IPs; extending the operating hours of popular cultural and historical venues and scenic spots according to local conditions, optimizing reservation methods, and encouraging walk-in visits; optimizing student holiday arrangements and improving supporting policies, etc. 2. U.S. Department of Commerce Considers Imposing Tariffs on More Imported Car Parts According to Reuters, the U.S. Department of Commerce stated on Tuesday that, in the coming weeks, it will consider industry requests to impose tariffs on more imported car parts for national security reasons. In May of this year, President Trump imposed a 25% tariff on imported cars and car parts worth over $460 billion annually, but agreements have since been reached to lower tariffs on some countries. The U.S. Department of Commerce stated on Monday that domestic car or car parts manufacturers, or any industry association, can request additional tariffs on car parts. 3. Witnessing History Again! Gold Reaches $3700 Milestone for the First Time Due to market expectations that the Federal Reserve will restart interest rate cuts this week, the price of gold has hit a new high. As of 10 p.m., the spot price of gold rose above the $3700 milestone. Gold prices have risen significantly since August 20, with an accumulated increase of nearly $400. The decline in the U.S. dollar index to a seven-week low has also supported the rise in gold prices. Traders and industry experts believe that as gold continues to hit new highs, there are signs that its upward trend will continue until the end of this year. However, before it reaches the milestone of $4000 per ounce in 2026, a healthy correction is likely to occur. 4. Renminbi Reaches 10-Month High against the Dollar On September 16, the closing price of the renminbi against the dollar at 4:30 p.m. was 7.1163, an increase of 65 basis points from the previous trading day, marking a new high for the daytime closing price since November 6 last year. During the night trading session, the renminbi against the dollar once rose to 7.1138, setting a new intraday high since November 6 last year. Li Chao, chief economist at Zheshang, believes that the renminbi against the dollar may continue to appreciate in the second half of the year, and there may be a double bullish trend in the renminbi against the dollar and the U.S. dollar index. 5. When Will the Merger with Guoyuan Happen? Huaan Responds Rumors of a merger between Huaan and Guoyuan have attracted market attention. The investor relations event record released by Huaan on September 16 showed that several investors were concerned about the merger and asked about the progress. In response, Huaan stated that it will continue to focus on internal development, enhance core competitiveness, seize policy opportunities, and actively seek opportunities for external expansion around established strategic goals. Major events will be announced by the company in accordance with regulations. Guoyuan and Huaan are the only two A-share listed securities firms in Anhui Province, with the controlling shareholders being the Anhui Provincial State-owned Assets Supervision and Administration Commission. 6. Will the U.S. and Chinese Presidents Soon Have a Phone Call? Ministry of Foreign Affairs Responds Regarding President Trump's statement that he will talk with Chinese leaders this Friday, September 19, a spokesman for the Chinese Ministry of Foreign Affairs responded during a routine press conference on September 16 that China currently does not have any information to provide on this matter. 7. Roller Coaster Ride! From a 63% Increase to a 54% Drop, Transthera Loses Over a Trillion Hong Kong Dollars in a Day In the afternoon of September 16, TRANSTHERA-B (02617) unexpectedly plunged, with the stock price dropping by more than 50% at one point. By the end of the day's trading on the Hong Kong stock market, TRANSTHERA-B's stock price had fallen by 53.73%, reaching 192.000 Hong Kong dollars per share, with a market value of 76.2 billion Hong Kong dollars. By this calculation, TRANSTHERA-B's market value has dropped by over a trillion Hong Kong dollars from its peak. 8. Doubling Stocks Continue to Grow, These Directions Are Gathering Points As of the close of trading on September 16, excluding new stocks this year, there are currently 430 stocks with an annual increase of over 100%, an increase of nearly 3.9% from the previous count of 414 "doubling stocks" on the 15th. At the same time, their proportion in the entire A-share market has also risen to 8.02%, breaking through the 8% mark. When categorized by industry sectors, the 430 stocks that have doubled in value this year are mainly concentrated in the machinery equipment, automotive, and pharmaceutical and biotechnology sectors, with a relatively large number of stocks in the basic chemical industry, electronics, power equipment, computers, and non-ferrous metals. 1. U.S. Stock Market Shows Across-the-Board Decline, Tesla Rises Nearly 2% The U.S. stock market experienced a collective decline, with the Dow down 0.34%, the Nasdaq down 0.05%, and the S&P 500 down 0.09% by the time of writing at 10 p.m. On the market, Tesla rose by nearly 2%, with Musk announcing meetings next week with various departments to discuss AI, Siasun Robot & Automation, and other matters; TSMC rose over 1%, with Barclays raising the target price for the company to $325, up from $275 previously; and Oracle rose by nearly 4%, with the stock price increasing by about 40% in September, as sources mentioned that Oracle will retain its cloud transactions with TikTok based on a new agreement. 2. U.S. Treasury Secretary Mnuchin: Market Digesting Expectations of a 75 Basis Point Interest Rate Cut by Year-End On Tuesday, U.S. Treasury Secretary Mnuchin stated that the market is currently digesting expectations of a 75 basis point interest rate cut by year-end. Mnuchin remarked that the Federal Reserve has always had a lag in reaction, and that the 25 basis point rate cut has already been absorbed by the market, so it remains to be seen whether the Federal Reserve will take a neutral or accommodative stance. 3. Peace between Russia and Ukraine Still a Long Way Off? Several Russian Officials Pour Cold Water on U.S.-Russia-Ukraine Tripartite Summit Last month, President Trump met with Russian President Putin, Ukrainian President Zelensky, and leaders of several European countries. Following these meetings, he stated that he had begun arranging the "Put-Zel Meeting" and subsequently, a tripartite summit with the leaders of the U.S., Russia, and Ukraine. These remarks had briefly ignited hopes for peace between Russia and Ukraine. However, a month later, based on recent statements from several Russian officials, it seems that a "U.S.-Russia-Ukraine leaders' summit" is unlikely to take place in the near future. When looking at investment opportunities that are currently attracting market attention, brain-computer interfaces (BCIs) are worth considering. 1. China's Industry Standard on "Terminology for Medical Devices Using Brain-Computer Interface Technology" Officially Released According to CCTV News, the China National Medical Products Administration has recently approved the publication of the industry standard "Terminology for Medical Devices Using Brain-Computer Interface Technology." This is the first standard for brain-computer interface medical devices in China, laying the foundation for the high-quality development of the brain-computer interface medical device industry. Zhongtai stated that considering that brain-computer interfaces are currently in the early stages of commercialization, the current market is mainly dominated by thematic investment styles. From an industrial trend perspective, the bank advises focusing on different standards for invasive and non-invasive brain-computer interfaces, recommending attention to companies making rapid clinical progress with invasive technologies such as Jiangsu Apon Medical Technology, Wuhan Guide Infrared, and Shanghai Stonehill Technology, and focusing on companies making commercial progress with non-invasive technologies such as Xiangyu Medical, Innovative Medical Management, and Beijing Chieftan Control Technology Group. Apart from this, the following sectors are also worth watching: 2. Huawei Automotive | The new brand jointly created by GAC and Huawei is named "Honor." 3. Tourism, Consumption | Starting from October 1, 2025, Guizhou Province will implement a tax refund policy for outbound tourists. 4. Film and Television | The movie "731" premiered on September 18, with over 200,000 screenings on the first day and a presale box office of nearly 100 million yuan. Regarding positive announcements, Self-selecting Brother Enterprises shares that China Vanke Co., Ltd. received a loan of nearly 21 billion yuan from a major shareholder. On the negative side, Self-selecting NAURA Technology Group shares that the National Integrated Circuit Fund has reduced its stake to below 5%. Positive Announcements: 1. China Vanke Co., Ltd.: Shenzhen Iron Group provides a loan of up to 20.64 billion yuan to the company. 2. Brother Enterprises Holding: Expected increase in net profit by 207%-253% year-on-year in the first three quarters of 2025. 3. Longhorn Auto: Received about 2.477 billion yuan targeted order for global automotive brand ADAS camera perception system and AK2 radar system products. 4. Luxshare Precision Industry: One of the actual major shareholders and vice-chairman Wang Laisheng's completion of increased holdings totaling 200 million yuan. 5. RunJian Co., Ltd.: Intends to win bid for 1.11 billion yuan China United Network Communications project. Negative Announcements: 1. NAURA Technology Group: National Integrated Circuit Fund's shareholding ratio falls below 5%. 2. China Post Technology: Shareholder Guohua Satellite plans to reduce its holdings by no more than 3% of the company's shares. 3. CSI Solar Co., Ltd.: Shareholders Yuanhe Zhongyuan plan to reduce their holdings by a maximum of 2.04% of the company's total share capital. 4. Suzhou MedicalSystem Techology: Shareholder Weng Kang plans to reduce his holdings by no more than 1.7% of the company's shares. 5. Sichuan Gold: Shareholders Beijing Jinyang and Zijin Nanfang reduce their holdings by more than 1%. This article is a reprint from "Tencent Self-selecting Stocks", GMTEight editor: Xu Wenqiang.