A-share Evening Hotspots | Top-level document on developing new quality productive forces released! Covers artificial intelligence, digital economy, Siasun Robot&Automation, etc.

Evening Breaking News Roundup 1. Top-level document on developing new quality productive forces released! Covers artificial intelligence, digital economy, Siasun Robot&Automation, etc. Importance: To accelerate the development of new quality productive forces, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on Developing New Quality Productive Forces." The opinions deploy 19 key measures, covering five aspects: vigorously advancing scientific and technological innovation, promoting deep integration of scientific and technological innovation with industrial innovation, focusing on advancing innovation in development models, solidly advancing institutional and mechanism innovation, and deepening innovation in talent work mechanisms. Among them, it is proposed to fully implement the "AI+" initiative. Advance the transformation of traditional industries through artificial intelligence, and accelerate the application of new-generation intelligent terminal scenarios such as intelligent connected new energy vehicles, AI phones and computers, and humanoid Siasun Robot&Automation. Accelerate innovation in digital and intelligent technologies such as artificial intelligence, break through foundational theories and core technologies, and strengthen the efficient supply of computing power, algorithms, and data. Promote deep integration of the real economy and the digital economy. Improve systems for determining data property rights ownership, market transactions, rights and interests distribution, and interest protection, implement pilot demonstration projects related to data elements, and fully unleash the potential of data elements. 2. After 12 years, public fund operation measures revised, ten highlights of the changes Importance: The measures for the operation and management of public funds have undergone a systematic revision after 12 years. The China Securities Regulatory Commission issued the "Measures for the Operation and Management of Publicly Offered Securities Investment Funds (Draft for Comment)," the "Provisions on Relevant Issues Concerning the Implementation of the Measures for the Operation and Management of Publicly Offered Securities Investment Funds (Draft for Comment)," and the "Content and Format Guidelines for Securities Investment Fund Information Disclosure No. 6: Content and Format of Fund Contracts (Draft for Comment)," and solicited public opinions. This revision covers three major directions. First, adhere to a problem-oriented approach, improve regulatory requirements for fund investment operations, and consolidate fund managers' responsibilities. Second, support the development of equity funds, improve investment operation arrangements for equity funds, provide space for product innovation, and help introduce more medium- and long-term capital. Third, optimize some regulatory indicators and mechanisms to improve the flexibility of fund operations. 3. Ministry of Finance: Effectively implement a more proactive fiscal policy to support comprehensive expansion of domestic demand Importance: The Ministry of Finance released the report on the implementation of China's fiscal policy in the first half of 2026, stating that it supports the comprehensive expansion of domestic demand. Support the advancement of "Two Major" construction and "Two New" work, and improve implementation mechanisms. Optimize and implement the package of fiscal and financial coordinated policies to boost domestic demand, improve departmental coordination and central-local linkage working mechanisms, and better encourage household consumption and leverage private investment. Make coordinated use of ultra-long-term special government bonds, local government special bonds, central budget investment, and other funds, focusing more on key areas such as new quality productive forces and new urbanization, investing more in areas of strategic significance and conducive to raising total factor productivity, and vigorously supporting the construction of major engineering projects determined by the "15th Five-Year Plan" outline. 4. China-EU outcomes and consensus list released, both sides reach understanding on hybrid vehicle trade Importance: From October 8-9, 2026, Chinese Minister of Commerce Wang Wentao and European Commission Commissioner for Trade and Economic Security Maros Sefcovic held the second regular meeting of the China-EU Trade and Investment Consultation Mechanism in Beijing. The two sides held pragmatic and productive discussions and formed a list of outcomes and consensus. The two sides agreed to convene the third regular meeting of the mechanism in March 2027, and before that the two sides will maintain close communication, including holding a ministerial-level video conference in January. The outcomes and consensus list mentioned that both sides will continue to explore the possibility of reducing tariffs on certain goods within the framework of WTO rules. Both sides will continue to strengthen communication and cooperation under the trade monitoring mechanism and further actively leverage the role of the dialogue mechanism to enhance mutual understanding. After intensive consultations, both sides reached an understanding on hybrid vehicle trade in a manner consistent with WTO rules. 5. Another batch of A-share companies report good earnings! Multiple stocks expected to see doubled net profit in first three quarters Importance: Several more A-share listed companies disclosed third-quarter earnings forecasts, with multiple stocks expected to see doubled net profit in the first three quarters. Among them, China Jushi Co., Ltd. expects net profit in the first three quarters to increase by 100%-110% year-on-year, Shenzhen hongfuhan Technology expects net profit in the first three quarters to increase by 108%-145% year-on-year, and DELTON expects net profit in the first three quarters to increase by 100%-107% year-on-year. A Soochow research report shows that growth directions with larger prior declines and still-intact prosperity may have higher elasticity. However, as the market trend deepens, capital will gradually shift from "oversold repair" to "performance verification," and third-quarter reports will become a key variable affecting the structure of the October market. In terms of allocation, it is recommended to "use technology as the offensive direction and balance other directions." In the technology sector, priority should be given to AI hardware directions whose current prosperity is most easily verified by third-quarter reports. 6. Sudden positive news! U.S. optical communication giant once staged a strong rally, how to view the industry chain outlook? Importance: As of 21:30, the three major U.S. stock indexes opened higher collectively, with the Dow up 0.1%, the Nasdaq up 0.55%, and the S&P 500 up 0.3%. Optical communication leader Lumentum rose more than 6%. In terms of news, Lumentum Holdings CEO Michael Hurlston said on Friday that the company's optical device capacity through early 2029 has been completely sold out, and demand for some products still cannot be met by about 70% next year. Recently, the latest Goldman Sachs report significantly raised its forecast for the global optical module market, expecting the market size to reach $67.7 billion, $131.4 billion, and $148.5 billion in 2026, 2027, and 2028, respectively, up 33%, 81%, and 115% from previous forecasts; shipments in the same period are expected to be 548 million, 691 million, and 729 million units, respectively. 7. Apple cuts iPhone 18 Pro series orders? Supply chain company responds Importance: On October 9, reports said that because a sharp rise in memory chip costs forced Apple to raise prices, dampening consumer demand, Apple has asked some suppliers to cut component production for the newly released iPhone 18 Pro and iPhone 18 Pro Max. In response, a China Securities Journal reporter sought verification from an Apple supply chain company. A person from the Apple supply chain company said that Apple recently gave new shipment guidance, with iPhone 18 Pro orders reduced somewhat, but iPhone 18 Pro Max orders increased somewhat. At present, overall order volume changes are not significant. A CMSC research report said that the correlation between iPhone sales and pricing is limited, and sales are instead more affected by device feature upgrades. Opportunities to Watch Ahead The editor has sorted through investment opportunities attracting market attention and found that semiconductors and other sectors are drawing attention. 1. SK Hynix bets on demand growth, plans to accelerate construction of Gwangju semiconductor cluster SK Hynix plans to start construction of its South Korean Gwangju semiconductor park as soon as possible, betting that chip demand will continue to grow rapidly. SK Group Chairman Chey Tae-won said on Friday while inspecting the planned site of the Gwangju semiconductor park: "We expect chip demand to continue growing at a fairly rapid pace." He did not disclose a specific start date but stressed that the company will "push forward as quickly as possible" and is expected to announce a construction timetable soon. For the industry, JPMorgan predicted in its latest research report that even if only historical seasonal growth is maintained in the second half, global semiconductor revenue for the full year 2026 is still expected to reach $1.5 trillion to $1.6 trillion, a year-on-year increase of more than 90%. The World Semiconductor Trade Statistics (WSTS) forecast is even more positive, raising the full-year figure to $1.51 trillion, up 89.9% year-on-year, about 55% higher than its previous estimate. In addition, the following sectors are also worth watching: 2. Advanced packaging | Nvidia may adopt Intel's Foveros packaging technology. 3. New energy vehicles | CPCA: September new energy wholesale estimated at 1.67 million units, up 12% year-on-year. Positive and Negative Announcements from Listed Companies For positive announcements, the editor reminds readers to watch Wuliangye Yibin disclosing cumulative repurchases of 16.1278 million shares, etc.; for negative announcements, note that Fujian Newchoice Pipe Technology and Zhejiang Sunriver Culture Tourism are both under CSRC investigation, etc. Positive announcements 1. Wuliangye Yibin: As of September 30, cumulative repurchases reached 16.1278 million shares, with total payment of about 1.2 billion yuan 2. Sungrow Power Supply: As of September 30, cumulative repurchases reached 3.0476 million shares, costing 325 million yuan 3. Suzhou Dongshan Precision Manufacturing: As of September 30, cumulative repurchases reached 255,200 shares, with total transaction amount of 49.9948 million yuan 4. Shenzhen Kinwong Electronic: Third-quarter net profit expected to increase 205%-265% year-on-year 5. MicuRx Pharmaceuticals: Signed exclusive licensing and platform cooperation agreement with ClearideBio for MRX-23 Negative announcements 1. ST Nachuan: 2023 annual report suspected of information disclosure violations, under CSRC investigation 2. Zhejiang Sunriver Culture Tourism: Actual controller Yu Faxiang under CSRC investigation 3. ST Lingnan: Closing price below 1 yuan for 19 consecutive trading days, facing delisting risk due to par value 4. Jiangsu Gdk Biological Technology: Full-year revenue may be below 100 million yuan and may trigger delisting risk warning 5. Kunming Chuan Jin Nuo Chemical: Expected net profit in first three quarters to decline 40.87%-47.44% year-on-year This article is reprinted from "Tencent Zixuangu." GMTEight editor: Xu Wenqiang.