EUR/USD
1.14859
0.096%
Gold
4376.53
0.805%
Oil
95.469
-1.085%
USD/JPY
156.726
0.486%
GBP/USD
1.33935
0.269%
GBP/JPY
209.919
0.759%
Real-time News
On September 20th, the State Taxation Administration released the latest tax data, showing that in the first eight months of this year, tax revenue collected by tax authorities nationwide increased by 5.9% year-on-year. The data shows that in the first eight months of this year, the Producer Price Index (PPI), which is highly correlated with tax revenue, rose by 2% cumulatively, driving rapid growth in tax revenue calculated at current prices. Meanwhile, the capital market has been generally active this year, with the average daily turnover of A-shares reaching 2.7 trillion yuan in the first eight months, a 72.8% increase compared to the same period last year, leading to rapid growth in related taxes and industry tax revenue. Specifically, securities transaction stamp tax increased by 82%, and personal income tax on restricted stock transfers increased by 59.7%. Tax revenue from the securities industry increased by 65.6% year-on-year, while tax revenue from the insurance industry and other financial industries increased by 14.6% and 18.5% respectively. Tax revenue from other industries was also boosted by increased returns from stock market investments by related companies. Furthermore, since the beginning of this year, the government has also standardized some tax incentives that are not in line with high-quality development or the current situation, contributing to the increase in tax revenue.On September 20th, according to Russian sources, Moscow Mayor Sergei Sobyanin announced on social media that over 150 Ukrainian drones had attacked Moscow and its surrounding areas since the early hours of the morning, with most being shot down by Russian air defense systems. Furthermore, according to the Kyiv Military Authority, air raid sirens were issued in the early hours of the 20th in Kyiv, the Ukrainian capital, due to the threat of missiles and drones.According to TASS: The mayor of Moscow said that facilities at the Moscow oil refinery have been damaged by ongoing drone attacks.On September 20th, at the 2026 World Manufacturing Convention, Changxin Technology announced the official mass production of its fifth-generation technology platform. According to reports, Changxin Technology has achieved a 11.95nm half-pitch for the active area of the memory array, a 45:1 aspect ratio for the memory capacitor, and a core energy area height reduced to 6762nm. Simultaneously, the fifth-generation process platform has significantly improved memory density, increasing the output per wafer by more than 50% compared to the previous generation platform under the same conditions. 24GB LPDDR5X products built on this platform have entered mass production and are widely used in mainstream flagship smartphones from Chinese manufacturers.September 20th - According to the China Association of Automobile Manufacturers (CAAM), from January to August, the top ten passenger car manufacturers sold a total of 4.014 million vehicles, accounting for 67.9% of total passenger car sales. Among these ten companies, SAIC Motor and Tesla saw varying degrees of sales growth compared to the same period last year, while the sales of the other companies all declined to varying degrees.
