A-share Evening Hotspots | Major Bullish News! The Central Bank "Shoots Four Arrows at Once" What Signal Does It Send?

Evening Major News Quick Overview 1. Major Bullish News! The Central Bank "Shoots Four Arrows at Once" What Signal Does It Send? Importance: On September 29, a batch of bullish news arrived. The central bank "shot four arrows at once": cutting the interest rate on pledged supplementary lending (PSL) by 0.25 percentage points; expanding the areas supported by pledged supplementary lending; increasing the relending quota for scientific and technological innovation and technological upgrading by 200 billion yuan; and increasing the relending quota for agriculture and small businesses by 500 billion yuan. In response, Dong Ximiao, chief economist at Zhaolian, believes that the above adjustments generally convey a signal that monetary policy remains moderately accommodative, focuses on structural precision, and emphasizes efficiency gains from existing stock. Specifically: First, the policy does not follow the old path of "flood-like stimulus," but instead uses structural tools such as pledged supplementary lending and relending to implement targeted rate cuts, expand coverage, and increase volume, precisely channeling financial resources into key areas and weak links such as the "six networks," scientific and technological innovation, equipment renewal, "agriculture, rural areas, and farmers," small and micro businesses, and the private economy; Second, the policy balances stabilizing growth with promoting transformation, both stabilizing the short-term economy by expanding effective investment and boosting domestic demand, and fostering medium- and long-term growth momentum by supporting scientific and technological innovation and industrial upgrading; Third, the policy emphasizes coordination and efficiency, reducing banks' liability costs and funds occupation, enhancing financial institutions' willingness to lend, and preserving room for subsequent aggregate policies; Fourth, it separately lists and increases the relending quota for private enterprises, clearly releasing a signal of support for the development of the private economy, which helps stabilize expectations and boost confidence. 2. Central government finance unveils mortgage interest subsidy policy for the first time in history Importance: The Ministry of Finance, the People's Bank of China, and the National Financial Regulatory Administration made clear that a mortgage interest subsidy policy for residents purchasing homes will be implemented starting October 1, with the policy period tentatively set at one year. This is the first time central government finance has provided interest subsidies for commercial personal housing loans. Eligible first-home commercial personal housing loans can enjoy an annualized interest subsidy of 1 percentage point, with a maximum subsidy period of 5 years, equivalent to one-third of the preferential interest rate; taking a long-term loan of 1 million yuan as an example, the cumulative interest payment reduction can be nearly 50,000 yuan at most. 3. Ministry of Science and Technology latest statement: push the building of a science and technology powerhouse to new heights Importance: On September 29, Minister of Science and Technology Yin Hejun said at a press conference held by the State Council Information Office that the "15th Five-Year Plan" period is a key period of tough struggle for building a science and technology powerhouse, and that the main line will be accelerating high-level scientific and technological self-reliance and self-strengthening and leading the development of new quality productive forces, with original and leading scientific and technological breakthroughs as the main direction, to push the building of a science and technology powerhouse to new heights. Focus will be placed on six areas: strengthening foundations, grasping breakthroughs, shaping industries, benefiting people's livelihoods, strengthening systems, and promoting cooperation. 4. SASAC: Further step up efforts in key areas such as artificial intelligence and new materials Importance: Cheng Fubo, secretary of the Party Committee and director of the State-owned Assets Supervision and Administration Commission of the State Council, said in a signed article published in "New-Type Industrialization" that strategic emerging industries should be actively cultivated and strengthened. At present, the layout of central enterprises in emerging industries and future industries still needs to improve in quality and accelerate, and some industries have not yet formed competitive advantages. Greater efforts must be made in building emerging pillar industries, continuously consolidating advantages in industries such as new energy and aerospace, further stepping up efforts in key areas such as artificial intelligence and new materials, and cultivating frontier tracks such as quantum technology, nuclear fusion energy, and biomanufacturing in advance, so as to promote the development of emerging industries and "accumulate strength to gain momentum." 5. Will the heads of state of China, the United States, and Russia meet during APEC in Shenzhen? Foreign Ministry responds Importance: Foreign Ministry spokesperson Guo Jiakun presided over a regular press conference. A TASS reporter asked that the Kremlin spokesperson said the APEC summit held in Shenzhen provides a good opportunity for a trilateral meeting of the heads of state of Russia, China, and the United States, and asked for China's comment. Guo Jiakun said that as the host of APEC this year, China is willing to work with all parties to jointly promote fruitful outcomes of APEC China Year and make new contributions to promoting economic growth in the Asia-Pacific and the world. "Regarding the issue you mentioned, I currently have no information to provide." 6. Latest private fund survey: more than 50% hold heavy positions through the holiday, A-shares may see a mild recovery after the holiday Importance: As the National Day long holiday approaches, A-shares are about to enter a long holiday market closure. Against the backdrop of overseas markets still trading and uncertainty in overseas asset prices and geopolitical factors, whether to hold stocks or cash through the holiday has once again become the focus of institutional investors. According to the latest survey of private fund institutions, despite obvious market adjustments before the holiday, more than half of private funds still choose to hold stocks through the holiday with relatively high positions. At the same time, in terms of specific allocation strategies, the "barbell" approach has attracted more institutional attention, that is, allocating to high-dividend, low-valuation assets at one end to enhance defense, and positioning in high-prosperity technology growth directions at the other end to seek elasticity. 7. Multiple A-share companies buy back shares and increase holdings Importance: On the evening of September 29, multiple listed companies conveyed confidence to the market by releasing buyback plans or announcing buyback progress. Beijing Sifang Automation bought back about 1.69 million shares for the first time; Huaqin Co.,Ltd. bought back 1.057 million A-share shares for the first time; GigaDevice Semiconductor Inc. bought back 390,000 A-shares, spending 141 million yuan. In addition, shareholders or senior executives of several other companies increased their holdings. The controlling shareholder of China Automotive Engineering Research Institute plans to increase its holdings by 60 million yuan to 120 million yuan, and the controlling shareholder of Hainan Expressway plans to increase its holdings of the company's shares by 45 million yuan to 90 million yuan. 8. Twelve departments: implement a batch of key multimodal transport projects Importance: The Ministry of Transport and 11 other departments jointly issued the "Action Plan for Promoting High-Quality Development of Multimodal Transport and Optimizing and Adjusting the Transport Structure (2026-2030)," which proposes implementing a batch of key multimodal transport projects. Relying on the main framework of the national comprehensive multidimensional transport network's "6 axes, 7 corridors, and 8 channels," it will focus on coal, iron ore, grain, and other key national materials, and strengthen the functions of comprehensive freight corridors. Opportunities in Advance The editor sorted through market-watched investment opportunities and found that culture and media, among others, are drawing attention. 1. 13 films assemble for the National Day holiday slate; total pre-sale box office of new films nearly 35 million yuan As the 2026 Mid-Autumn Festival film slate concludes, the National Day holiday slate (October 1-October 7) is about to take over. According to Maoyan Professional Edition data, 13 films have been scheduled for the National Day holiday, covering genres such as comedy, science fiction, crime, suspense, romance, and animation, continuing the trend of diversification on the supply side. As of the reporter's deadline, the total box office of new films for the National Day holiday (including pre-sales and previews) was nearly 35 million yuan. Zheshang pointed out in a mid-September in-depth report on media and the internet that AI comic dramas have achieved commercial mass production, while AI long-form dramas and AI films will open up entirely new incremental space. Regulators took the lead in relaxing the first case of "production, review, and broadcast in parallel," and hit products are expected to emerge later. Considering the diversification of long-video platforms and satellite TV stations, the profit elasticity of hit products is relatively considerable. Therefore, film and television platforms and production companies both have opportunities for value revaluation, and one should not limit oneself only to the comic drama track. In addition, the following sectors are also worth watching: 2. Agricultural planting | Monitoring by the China Meteorological Administration: a super strong El Nio event will form around November. 3. Infrastructure | China will advance the construction of a large hydropower base in Southwest China. Listed Company Positive and Negative Announcements For relatively positive announcements, the editor reminds users to watch Guangdong Hec Technology Holding and Shandong Gold Mining's share buyback plans, among others; for relatively negative announcements, note that the deputy general manager of Shenzhen Longsys Electronics reduced holdings of company shares, among others. Relatively Positive Announcements 1. Guangdong Hec Technology Holding: controlling shareholder proposes buying back 600 million to 1.2 billion yuan of shares 2. Shandong Gold Mining: chairman proposes buying back 300 million to 400 million yuan of A-share shares 3. China Automotive Engineering Research Institute: controlling shareholder plans to increase holdings by 60 million yuan to 120 million yuan 4. Yangtze Optical Electronic: signs a 147 million yuan polarization-maintaining optical fiber product sales order Relatively Negative Announcements 1. Shenzhen Longsys Electronics: deputy general manager Zhu Yu reduced 598,000 company shares, and the reduction plan has been completed 2. Sanbo Hospital Management: shareholders holding more than 5% cumulatively reduced 1.69% 3. ShuYu Civilian Pharmacy Corp.,Ltd.: Shuyu Jinyun cumulatively reduced 1.47% 4. Jiangsu Gian Technology: multiple shareholders collectively reduced 473,600 shares This article is reprinted from "Tencent Zixuangu." GMTEight editor: Xu Wenqiang.