A-share Evening Hotspots | A Major Reversal! U.S. Treasury Yields Plummet, Fed Rate Hike Path Dispute Resurfaces

Evening Heavyweight News Overview 1. Emphasizing the continued implementation of a moderately loose monetary policy! PBoC Governor Pan Gongsheng's latest statement Importance level: From August 31 to September 1, 2026, the G20 will hold its second Central Bank Governors' Meeting this year in Asheville, USA. People's Bank of China Governor Pan Gongsheng will attend and speak at the meeting. Pan Gongsheng stated that the People's Bank of China will continue to promote the transformation of the monetary policy framework, improve the interest rate system, and continue to implement a moderately loose monetary policy, creating a favorable monetary and financial environment for stabilizing the Chinese economy and ensuring the smooth operation of the financial market. 2. Major reversal! U.S. Treasury yields plummet Importance level: On the evening of September 2, U.S. Treasury yields for 2 to 30-year bonds fell sharply, while Dow and S&P index futures reversed their intraday losses and turned positive. International oil prices decreased, and FTSE China A50 index futures rose. In news, U.S. Treasury Secretary Scott Benecht stated, "Overall, prices are receding, and core inflation is well controlled." Benecht noted that the trade situation between the U.S. and Canada "has had almost no impact on U.S. prices." Additionally, as oil prices paused their consecutive rise, concerns about inflation driven by high energy prices have eased somewhat, lowering market pressures. 3. "Little Non-Farm" surprises, interest rate hike path controversies resurface Importance level: The U.S. private employment market has once again signaled a cooling, casting a shadow over the expectations for this Friday's non-farm payroll report and reigniting debates over the Federal Reserve's interest rate hike path. The ADP Research Institute reported on Wednesday that only 37,000 private sector jobs were added in August, significantly below the market expectation of 47,000 and the lowest monthly increase since January of this year. Meanwhile, wage growth data also weakened, further confirming the cooling trend in the employment market. 4. Zhongji Innolight's top ten shareholders, Zhang Jianping no longer included Importance level: On September 2, Zhongji Innolight announced the shareholding situation of the top ten shareholders and the top ten unrestricted shareholders regarding the repurchase of shares. As of August 31, 2026, individual shareholder Zhang Jianping has exited from the top ten shareholders. In Zhongji Innolight's semi-annual report, Zhang Jianping held 5.93 million shares, accounting for 0.53%, ranking as the ninth largest shareholder. It is worth noting that as of August 31, the tenth largest shareholder held 7.56 million shares, accounting for 0.64%. Based on this data, it cannot be determined whether Zhang Jianping has recently reduced his holdings, or if he passively exited the top ten shareholders due to an increase in other shareholders' holdings. 5. Suiyuan Technology: IPO online issuance hit rate 0.025% Importance level: On September 2, Suiyuan Technology revealed the situation and hit rate of its online issuance during its initial public offering (IPO) on the Science and Technology Innovation Board, with a total of 43.035173 million shares issued at an issue price of 142.18 yuan per share. There were 7.032045 million valid applications for the online issuance, amounting to 42.066 billion shares in valid applications. The total number of allocation numbers was 84.131758 million. Due to the preliminary effective subscription multiple exceeding 100 times, a callback mechanism was initiated, transferring 3.443 million shares from offline back to online. After the callback, the final online issuance was 10.3285 million shares, with a final hit rate of 0.0246%. 6. In August, 2.3973 million new A-share accounts were opened, down 10% year-on-year Importance level: On September 2, data from the Shanghai Stock Exchange showed that in August 2026, 2.3973 million new A-share accounts were opened, down 10.0% from 2.6503 million in August last year; a total of 25.214 million new accounts have been opened in the first eight months of 2026, an increase of 46.0% year-on-year. 7. FTSE China A50 index includes Advanced Micro-Fabrication Equipment Inc. China, and Shengyi Technology Importance level: FTSE Russell announced changes to the FTSE China Index series, with the FTSE China A50 index including Advanced Micro-Fabrication Equipment Inc. China and Shengyi Technology, while removing Muyuan Foods Group and Wanhua Chemical Group. The above changes will take effect after the close on September 18. Industry insiders point out that the FTSE Russell index serves as a tracking benchmark for many index funds globally. Once a stock is included in the index, funds that aim to "replicate the index" must purchase that stock around the effective date. Opportunities to Watch Investment opportunities of interest have been identified in the market by selecting stocks, particularly in non-ferrous metals. 1. Indonesia's largest nickel industrial park may cut production by up to 40% due to El Nio-induced water supply constraints Reports indicate that due to drought caused by the El Nio phenomenon, the water supply for the nickel smelting plant in Indonesia's largest nickel industrial park, Morowali Industrial Park, is limited. Media relations officer Dedy Kurniawan stated that if a new water source cannot be found, the industrial park might have to reduce production by as much as 30% to 40%. Sinolink noted that the demand for resource products is a fluid issue, representing a continuously operating and adjusting material flow network. Economic development and functional demands drive demand flow, while supply chain transmission and material substitution converge demand. Circular stock, structural adaptation, and technological progress continuously redirect demand. The firm is optimistic about segments of non-ferrous metals capable of self-adapting and switching to benefit from the energy transition and technological revolution, giving the sector a "buy" investment rating. In addition, the following sectors are also worth attention: 2. Quantum Technology | A domestic team in China has achieved breakthroughs in self-developed superconducting quantum computers, with transmission efficiency reaching 98%. 3. Integrated Circuits | Beijing: Focus on areas such as integrated circuits, biomedicine, aerospace, and high-end equipment. 4. Data Centers | Berkshire CEO Abel sees artificial intelligence data centers as an important opportunity for Berkshire Hathaway Energy. Positive and Negative Announcements from Listed Companies In terms of positive announcements, attention is drawn to Sanan Optoelectronics' controlling shareholder creditors withdrawing bankruptcy reorganization applications, among others; on the negative side, note Zhongji Innolight's controlling shareholder pledging shares to repay debts, etc. Positive Announcements 1. Sanan Optoelectronics: Controlling shareholder creditors withdraw bankruptcy reorganization application, granted by the court. 2. Midea Group Co., Ltd.: As of August 31, the total repurchase amount of A-share stock reached 8.02 billion yuan. 3. Sungrow Power Supply: Has repurchased a total of 3.0476 million shares, costing 325 million yuan. 4. Foxconn Industrial Internet: Has repurchased a total of 14.0102 million shares, costing 887 million yuan. 5. Beijing Creative Group: Subsidiary wins a bid for a data center project in Thailand worth approximately 91.53 million yuan. Negative Announcements 1. Zhongji Innolight: Controlling shareholder pledges 728,000 shares to repay debts. 2. Heilongjiang Agriculture: Deputy General Manager Li Dongguang placed under detention. 3. Zhejiang Rongtai Electric Material: Controlling shareholder and associated persons propose to reduce holdings by no more than 1.68%. 4. Feilong Auto Components: Controlling shareholder Wanxi Holdings reduced 0.8% of shares from July 23 to September 2. 5. Hunan Nucien Pharmaceutical Co., Ltd.: Shareholder Guangzhou Qianyuan plans to reduce holdings of no more than 3% of the company's shares. This article is reproduced from "Tencent Self-Selected Stocks," GMTEight edited by Xu Wenqiang.