A-share Evening Highlights | Good News Arrives! Ten Departments Release Major Announcement to Establish Phase II of the National Small and Medium-sized Enterprise Development Fund

Evening Heavyweight News Overview 1. Good News! Ten departments have released a significant announcement to establish the second phase of the National SME Development Fund Importance: The Ministry of Industry and Information Technology and nine other departments issued a notice on the "14th Five-Year Plan for Promoting the Development of Small and Medium Enterprises," increasing support for direct financing. There is a strong push to develop venture capital, establishing the second phase of the National SME Development Fund to encourage social capital to invest early, invest in small amounts, invest long-term, and invest in hard technology. Galaxy Securities pointed out that relevant market entities will seize development opportunities: firstly, providing more financing support for technology-oriented small and medium enterprises in the startup and growth periods, particularly for specialized, refined, and innovative "little giants." Secondly, it brings cooperation opportunities for VC and PE institutions with early-stage investment and industry research capabilities. At the same time, it may expand certain business space for securities firms in fund management, project investment, listing cultivation, and M&A exits. 2. Change in interest rate hike probability! Federal Reserve Governor Waller signals a reduction in Fed rate hike bets Importance: On the evening of September 3, Beijing time, Federal Reserve Governor Christopher Waller stated in a speech regarding inflation outlook that his next decision on interest rates will "largely depend on" the inflation data for August to be released next week. He noted, "If the inflation data is hotter than expected, I will consider supporting a rate hike," and emphasized that even a slight acceleration in inflation could lead him to support a tighter policy. Waller mentioned that recent data shows "some signs of moderation in inflation," but currently, inflation is still above the Fed's target of 2%. Traders lowered their bets on Fed rate hikes following Waller's statements. 3. What happened? International oil prices surged sharply Importance: On September 3, Beijing time, international oil prices spiked. Data showed that NYMEX WTI crude oil futures rose more than 2% during intraday trading, having previously dipped over 1%; ICE Brent crude reached a high of $97.48 per barrel during intraday trading, the highest since June 3. According to CCTV news, on the 3rd local time, the Iranian military announced that it had used missiles and drones to attack the satellite communication systems, equipment warehouses, and fighter jet hangars at the U.S. base in Kuwait, causing casualties. The statement emphasized that Iran would respond resolutely and devastatingly to any attack by U.S. forces. 4. This year's third round! Analog chip giant Texas Instruments to implement price increases on multiple products Importance: On September 3, market information indicated that Texas Instruments issued a price adjustment notice to customers on September 1, raising prices on various products within its product portfolio by varying degrees. Texas Instruments stated that the price adjustments are driven by market dynamics and rising costs across the supply chain. This marks Texas Instruments' third round of price increases this year. Previously, the company issued price increase notices in March and May. According to Shanghai Securities News, the third round of price increases for analog and power semiconductors this year is unequivocal, albeit with some differences in timing among manufacturers. 5. A single share might earn 280,000 Yuan! Suiryan Technology announces lottery results Importance: Suiryan Technology announced their lottery results, with a total of 20,657 winning numbers, where each winning number can subscribe to 500 shares of Suiryan Technology A-shares. The offering price is 142.18 Yuan per share with a total of 43,035,173 shares to be issued, expecting to raise a total of 6.119 billion Yuan. Suiryan Technology is collectively referred to as one of the "Four Little Dragons of Domestic GPUs" alongside Moore Threads, Muxi Co., and BIREN TECH. Previously, the closing price increases on the first day of listing for Moore Threads and Muxi Co. were 425.46% and 692.95%, respectively. If Suiryan Technology sees an increase of over 400% on its first day of trading, the floating profit from one subscription (500 shares) would exceed 280,000 Yuan. 6. Ministry of Commerce: China urges the U.S. to lift sanctions on related Chinese companies and citizens Importance: According to a report by CCTV News, this afternoon (September 3), the Ministry of Commerce held a regular press conference where the spokesperson reiterated that China firmly opposes unilateral sanctions that lack any basis in international law and are not authorized by the United Nations Security Council. The U.S., despite China's repeated negotiations, has sanctioned Chinese companies and citizens on multiple occasions under the pretext of Iran, which has led to strong dissatisfaction from China, and it firmly opposes these actions. The U.S. unilateral sanctions improperly interfere with normal economic and trade exchanges between relevant countries and severely disrupt global energy security and stable supply. China urges the U.S. to immediately correct its erroneous practices and lift sanctions on the relevant Chinese companies and citizens, as China will firmly safeguard the legitimate rights and interests of its enterprises and citizens. 7. A-share trading volume drops below 2 trillion again; what are the recent trends of margin traders? Importance: On September 3, the trading activity in A-shares continued to cool, with total market turnover recorded at only 1.78 trillion Yuan, nearly 40 billion Yuan less than September 2, marking the lowest figure in nearly five months since April 7 and also the third-lowest single-day turnover of the year. Margin balance, as an important force in the market, remains a focal point for investors. As of September 2, the total market margin balance was 2.63 trillion Yuan, at a relatively low level this year. Regarding individual stocks, as of September 2, there are 29 stocks that have seen net margin purchases exceeding 100 million Yuan since September. The top among these include Sharetronic Data Technology, Contemporary Amperex Technology, Zhongji Innolight, Mango Excellent Media, and Hangzhou Changchuan Technology. 8. Zhongji Innolight continues share buybacks for three consecutive days, amounting to over 800 million Yuan Importance: Zhongji Innolight has recently continued to advance its share buyback plan. Since the initial buyback on September 1, the company has executed buybacks for three consecutive trading days, repurchasing approximately 960,000 shares for a total expenditure of about 803 million Yuan. 9. The 2026 National Medical Insurance Negotiation will be held on September 5 Importance: According to information from several pharmaceutical companies, the negotiations for the 2026 National Basic Medical Insurance Drug Lists pricing and commercial insurance innovative drug catalog will commence on September 5 at the National People's Congress meeting center. Preliminary communications between the National Medical Insurance Bureau and negotiating companies were completed last week. This year, price negotiations for the commercial insurance innovative drug catalog will be conducted simultaneously, establishing a new version of the commercial insurance innovative drug catalog. Industry insiders anticipate that this year's national medical insurance catalog adjustment negotiations will last for 4 to 5 days. Investment Opportunities to Watch The Custom Selection Brother identifies investment opportunities in the market, with particular attention given to autonomous driving. 1. Cybercab to be officially launched; Morgan Stanley considers it crucial Tesla will officially launch its autonomous taxi, Cybercab, this Thursday local time. This release is expected to mark a significant breakthrough for Tesla in the business, enabling it to catch up with competitors like Waymo. Morgan Stanley analyst Andrew Percoco noted on Wednesday that the launch of Cybercab will be more critical than previous product demonstrations, given that this business represents a value of $120 per share in Tesla's price target of $400, thus making it highly significant. China Securities Co., Ltd. pointed out that 2026 will serve as a crucial watershed for China's intelligent driving, transitioning from functional competition to institutionalized commercial landing. With L3 moving from pilot projects to formal operations and L4 technologies maturing, the industrial coordinates are shifting to three main lines running in parallel, where L4/Robotaxi is entering a phase of large-scale verification under the resonance of China and the U.S., with Robotaxi, intelligent driving chips, and lidar expected to benefit significantly. In addition, the following sectors are also worth monitoring: 2. Consumer Electronics | Institutions: Rising costs of memory are expected to increase the pricing range for the iPhone 18 series by 10% to 20%. 3. Real Estate | Chongqing seeks opinions: Promoting the renovation and transformation of aging communities. Positive and Negative Announcements from Listed Companies On the positive side, the Custom Selection Brother suggests paying attention to Shenzhen SEICHI Technologies securing nearly 1.6 billion Yuan in an order, among others; on the negative side, note that Feilong Auto Components recently had major shareholders reduce their stakes. Positive Announcements 1. Shenzhen SEICHI Technologies: Recently signed a semiconductor testing equipment procurement agreement worth 1.576 billion Yuan with a certain client. 2. Beijing Asiacom Information Technology: A subsidiary signed a computational power leasing agreement worth 922 million Yuan. 3. Montage Technology: Introduced CXL3.2 chips into next-generation products from Samsung and SK Hynix. 4. Guangdong Hec Technology Holding: Major shareholder secured a loan to increase holdings of no more than 540 million Yuan. Negative Announcements 1. Feilong Auto Components: Recently, major shareholder Wanxi Holdings reduced their stake by 0.9% of the total share capital. 2. Hoshine Silicon Industry: The major shareholder completed a 3% reduction in shares; this reduction plan has been fully implemented. 3. Zhejiang Yingfeng Technology: Linghang Investment reduced its holdings by 3.9473 million shares. 4. *ST Konka: Plans to voluntarily terminate its listing, with stocks to be suspended from trading starting Friday. This article is reproduced from "Tencent Self-Selected Stocks," edited by GMTEight: Xu Wenqiang.