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On September 7th, according to Qichacha APP, Jiangxi Luyou Jushen Intelligent Technology Co., Ltd. was recently established. Its business scope includes: development of artificial intelligence application software, research and development of intelligent robots, integration services for artificial intelligence industry application systems, sales of artificial intelligence hardware, and sales of intelligent robots. Qichacha's equity penetration analysis shows that the company is jointly held by UBTECH and others.
Due to the Labor Day holiday in the United States, CBOT agricultural futures, ICE raw sugar, and cotton futures will be closed for one day; CME Group's precious metals and U.S. crude oil futures contracts will end early at 02:30 Beijing time on the 8th; ICE Brent crude oil futures contracts will end early at 01:30 Beijing time on the 8th.
On September 7th, the highest 7-day annualized yield of Tencent Wealth Management's "Current Account+" was 1.1130%, and the lowest was 0.6700%. The highest 7-day annualized yield of WeChat Pay's "Lingqian Tong" was 1.0900%, and the lowest was 0.8620%. The highest 7-day annualized yield of Alipay's "Yu'ebao" was 1.1060%, and the lowest was 0.9010%.
ANZ Senior Economist Jasmine Zheng: Therefore, we expect the number of job advertisements to gradually decline. However, given the resilience of the sector, we expect the rise in the unemployment rate to be moderate.
The People's Bank of China (PBOC) announced today that it conducted 500 million yuan of 7-day reverse repurchase operations, with a bid amount of 500 million yuan and a winning bid amount of 500 million yuan. The operation rate was 1.40%, unchanged from the previous rate.
September 7th - Over the next three days, cold air will continue to affect northern China, bringing heavy rainfall eastward. The Central Meteorological Observatory forecasts that today, parts of eastern Qinghai, central and southern Gansu, central and northern Shaanxi, central and northern Shanxi, central and western Hebei, western and southern Beijing, western Sichuan Basin, northeastern Heilongjiang, southwestern Yunnan, and southeastern Tibet will experience moderate to heavy rain, with some areas in central Shanxi and western Hebei experiencing torrential rain. In the coming days, the cold air will gradually move eastward and southward, bringing not only rainfall to northern China but also a significant drop in temperature from north to south. The temperature drop in northern China will be concentrated from today to the 9th, while southern China will also experience a cooling trend from the 9th to the 10th.
On Monday, September 7, the Hang Seng Index opened 2.1 points higher, or 0.01%, at 25,652.97; the Hang Seng Tech Index opened 11.73 points lower, or 0.26%, at 4,558.07; the H-share Index opened 6.97 points lower, or 0.08%, at 8,548.06; and the Red Chip Index opened 7.17 points lower, or 0.17%, at 4,206.29.
Hong Kong stocks opened higher, with the Hang Seng Index up 0.01% and the Tech Index down 0.26%. Tianshu Zhixin (09903.HK) opened up nearly 3.5%, Huahong Grace (01347.HK) opened up nearly 2%, and Baidu (09888.HK) and Hansoh Pharmaceutical (03692.HK) both rose more than 1.8%.
On September 7th, the General Office of the Chengdu Municipal Committee of the Communist Party of China and the General Office of the Chengdu Municipal People's Government released the "Implementation Opinions on Optimizing the Ecosystem for Scientific and Technological Innovation." The development goal is to simultaneously promote scientific and technological innovation and the transformation of scientific and technological achievements, focusing on key aspects such as cultivating key players, empowering platforms, transforming achievements, and providing essential support. This involves strengthening organized innovation, conducting systematic matchmaking, promoting high-quality transformation, and building an innovation ecosystem characterized by "active key players, well-developed platforms, smooth transformation, concentrated resources, and inclusive systems," thus forming a pattern where scientific and technological innovation leads industrial innovation. By 2028, the number of national and provincial specialized and innovative enterprises will significantly increase, the R&D intensity of the whole society will reach 4.3%, and the number of high-value invention patents per 10,000 people will reach 30.
Hang Seng Index futures opened 0.26% higher at 25,687 points, a premium of 46 points.
The Philippine peso fell to a record low of 62.719 against the US dollar.
On September 7, 2026, Liao Min, Vice Minister of Finance, met with a delegation of representatives from international investment institutions such as HSBC and Temasek in Beijing to exchange views on macroeconomic conditions and policies, China-US economic and trade relations, and other issues.
Futures Commentary by Everbright Futures: 1. Last week, precious metals faced challenges due to the resilience of the US economy, inflationary concerns amid high oil prices, and rising expectations of interest rate hikes following stronger-than-expected non-farm payroll data. CME data showed that interest rate hike expectations were still on the rise. If the FOMC does raise interest rates in September, it will mark a fundamental reversal of the policy tone of the easing cycle since 2024. However, the market's expectation for a September rate hike is still only above 60%, which means that the rate hike has not been fully priced in, or that the market is hesitant to "over-price" it. This may be because the rate hike cannot solve the problem of high oil prices caused by geopolitical conflicts, and is also constrained by the US debt issue. Therefore, although the environment was unfavorable for gold last week, the rebound in gold prices has not completely ended. In summary, there is considerable uncertainty surrounding the September Fed meeting, and gold prices may focus more on the performance of US economic and inflation data, and price movements may fluctuate. A flexible allocation strategy based on range-bound thinking is recommended. 2. Last week, a large number of US economic data were released, showing a divergent pattern of "slowing manufacturing expansion and unexpectedly strong employment." The Federal Reserve's Beige Book indicated moderate economic growth, with 10 of the 12 districts expanding. Following the data release, US Treasury yields rose across the board, with the 10-year yield climbing to approximately 4.8%, and market bets on a 25 basis point rate hike in September rising again to approximately 60%. 3. Geopolitically, the US-Iran conflict shows signs of escalation, with both sides exchanging barbs last week. The Iranian parliament explicitly stated that the Strait of Hormuz would not be open without Iran's consent; US Vice President Vance stated that the US would not negotiate with Iran as long as attacks on ships continued. On September 5th, the US military launched its first strikes against three Iranian oil tankers, marking an escalation of the conflict from "attacking facilities" to "attacking transportation routes"; the Iranian Revolutionary Guard subsequently launched ballistic missiles to strike a US aircraft carrier and destroyer. Currently, the number of ships navigating the Strait of Hormuz remains low.
The South Korean won rose 1% against the US dollar.
According to JLC Network Technology's calculations, as of the sixth working day on September 7th, the average price of benchmark crude oil was $91.25 per barrel, with a change rate of 4.04%. Domestic gasoline and diesel retail prices should be increased by 200 yuan per ton. The adjustments are based on: 1. the structure of domestic crude oil imports and the settlement benchmark commodities; 2. minor adjustments may be made during the pricing mechanism's operation based on import structure, etc., and JLC Network Technology will revise accordingly; 3. At 24:00 on August 28th, domestic gasoline and diesel retail prices were increased by 375 and 360 yuan per ton respectively. Based on the "ten working days" principle, the adjustment window for this round of prices is 24:00 on September 11th.
Futures News, September 7th: Crude oil prices remained high, with positive news and cost factors supporting fuel oil traders to maintain prices and increase sales. Downstream buyers, focused on immediate needs, operated cautiously, pushing market prices steadily upward. Overall market trading sentiment was positive, and domestic fuel oil negotiations are expected to continue their steady upward trend today.
On September 7, according to the Saudi Ministry of Foreign Affairs, Saudi Foreign Minister Faisal and British Foreign Secretary Miliband held a telephone conversation to discuss developments in the Middle East and emphasized the importance of easing tensions. In a statement, the Saudi Ministry of Foreign Affairs said that Faisal and Miliband reviewed bilateral relations and discussed the latest regional and international situation and its impact on security and stability. The statement also noted that "the two sides also discussed the importance of strengthening diplomatic efforts to ease tensions, enhancing the security of international waterways, and ensuring freedom of navigation."
The US non-farm payrolls report for August exceeded expectations, causing a sharp drop in spot gold and silver prices before a rebound. Currently, they are trading in a narrow range. A chart provides a quick overview of the pre-market prices of gold and silver, converted between domestic and international markets.
As of 8:30 AM Beijing time, spot platinum was down 0.08%, while spot palladium was up 0.10%.
Japanese chip-related stocks surged, with Kioxia up 7.3%, SoftBank Group up 5.4%, and Lasertec up 8.2%.
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