Key Market Insights: Positive and Negative Influences on Stock Trends as of September 26, 2025

Key Information for Investors: Factors Influencing Stock Market Positives or Negatives

Date: September 26, 2025

Financial News:

Market Insights

1. Macro News: On September 25, local time, Premier Li Qiang held discussions in New York with American friendly groups. He emphasized that the China-U.S. relationship is the most significant bilateral relationship globally, and both nations can and should become partners and friends. The differences in market structures and the strong complementarity of industrial structures between China and the U.S. highlight their important roles in the international industrial chain. Enhanced economic and trade cooperation between the two countries will lead to mutual benefits that can also benefit the world. American business representatives expressed optimism about China’s economic development and indicated plans to expand investments in China to foster cooperation and mutual understanding.
2. Commerce Department Announcement: The Ministry of Commerce announced that it has included three U.S. companies—Saronic Technology, Alcon, and International Marine Engineering—on the unreliable entity list, and added three entities, including Huntington Ingalls Industries, to the export control list.
3. Trade Investigations: Preliminary evidence indicates that the Mexican government plans to raise import tariffs on products from non-free trade partners, including China. The Ministry of Commerce will initiate a trade investment barrier investigation regarding these measures starting September 25, 2025. Additionally, it has identified that imports of pecans from Mexico and the U.S. are being sold to China at prices below normal value, prompting an anti-dumping investigation.
4. Central Bank Updates: On September 25, Zou Lan, Deputy Governor of the People’s Bank of China, stated at the Hong Kong Fixed Income and Currency Forum that the central bank will support various foreign institutional investors in conducting bond repurchase transactions in China’s bond market, enhancing the efficiency of using renminbi bonds.
5. Foreign Exchange Trading Center: The China Foreign Exchange Trading Center will optimize the “Swap Connect” operational mechanism under the guidance of the People’s Bank of China. Measures include improving the dynamic assessment mechanism for daily net limits and raising the daily net limit to 45 billion yuan starting October 13, 2025.

Industry News

1. Chip Development: During the “2025 Annual Speech” event, Lei Jun stated that chips are crucial for Xiaomi‘s success, committing to a decade of self-developed mobile SoCs with an investment of at least 50 billion yuan. The new Xiaomi 17 series phones were launched, with starting prices of 4,499 yuan for the base model, 4,999 yuan for the Pro model, and 5,999 yuan for the Pro Max model.
2. Food Safety Guidelines: The Ministry of Education and the State Administration for Market Regulation jointly issued guidelines to standardize the procurement and acceptance management of bulk food materials in school canteens, addressing food safety issues in schools and enhancing the food safety system.
3. Short Drama Regulation: Han Dong, Deputy Director of the National Radio and Television Administration, announced plans to establish a classification and tiered management mechanism for micro-short dramas to regulate their development, with a new management method being drafted for legal protection.
4. Quality Supervision: Wang Shengli, Director of the Quality Supervision Department, indicated that the market regulation authority will conduct a national quality supervision project for photovoltaic components and electric vehicles to curb irrational competition and prevent risks associated with low-priced, low-quality products.
5. Digital RMB International Operations: The international operating center for digital renminbi has officially started in Shanghai, offering three major business platforms: cross-border digital payment, blockchain services, and digital asset platforms.
6. Industry Concerns: The case of a fund manager being administratively detained has raised eyebrows, specifically concerning Xie Wenzeng of the Western Profit Bond Fund. The fund company confirmed that Xie engaged in illegal gambling activities. On September 25, the company decided to terminate his position and labor contract.
7. Fund Market Growth: The China Securities Investment Fund Association reported that as of August 2025, the total scale of public funds in China reached 36.25 trillion yuan, marking the fifth historical high this year.
8. Copper Industry Meeting: The third council’s fifth meeting of the Copper Branch of the China Nonferrous Metals Industry Association was held on September 24 in Xiong’an New Area, Hebei. Chen Xuesen, Vice President of the Association, noted that the relevant state departments are expediting research to strengthen standardized management measures for copper smelting capacity construction.

Company News

1. Ganfeng Lithium: Announced that its subsidiary, Ganfeng Lithium Battery, is raising capital and bringing in investors.
2. Newwise: Announced that its subsidiary received approval for a clinical trial for a drug treating mild Alzheimer’s disease.
3. Pingmei Shenma Group: Announced that its controlling shareholder plans to implement a strategic reorganization.
4. Shangwei New Materials: Announced that its stock trading has been suspended for investigation due to abnormal fluctuations.
5. Xiamen International Trade: Confirmed on an interactive platform that it holds 0.67% of Moore Threads through an investment fund.
6. Baoli Tianheng: Announced that its innovative drug, iza-bren, has been included in the breakthrough therapy list.
7. Lvtian Machinery: Clarified that it has no business relationship or cooperation with Zhuhai Lvtian Machinery Co., Ltd.
8. Tianenkang: Announced that its subsidiary received clinical trial approval for a cream to treat rosacea, a first in China.
9. Helen Zhe: Stated on an interactive platform that the launch of new iPhone models led to accelerated updates of related production equipment.
10. Purtai: Confirmed it has delivered dry-process and solid-state battery electrode devices to major domestic and foreign clients.
11. Hanyu Pharmaceutical: Plans to raise no more than 968 million yuan for the development of Semaglutide and other projects.
12. Yuexiu Capital: Mentioned on an interactive platform that Moore Threads is one of its investment projects.

Global Markets

1. On Thursday, U.S. markets saw all three major indices decline for the third consecutive day: the Dow Jones fell by 0.38%, the Nasdaq decreased by 0.5%, and the S&P 500 dropped by 0.5%. Notably, Oracle’s shares fell over 5%, Tesla dropped more than 4%, while Intel surged nearly 9%. Most popular Chinese stocks saw gains, with the Nasdaq Golden Dragon China Index rising 0.42%, NIO up 4.92%, and XPeng up 4.61%.
2. WTI crude oil futures closed down by 0.02%, at $64.98 per barrel, while Brent crude oil futures rose by 0.16%, closing at $69.42 per barrel.
3. COMEX gold futures rose by 0.33%, closing at $3,780.5 per ounce; COMEX silver futures increased by 2.89%, reaching $45.47 per ounce.
4. Assets in U.S. money market funds have surged to a record $7.31 trillion.

Investment Opportunities

1. Aliyun Infrastructure Expansion: Recently, Aliyun announced plans to expand its global infrastructure, adding new data centers in Brazil, France, and the Netherlands. This initiative aims to support the growing demand for AI and cloud computing services. In the first quarter of fiscal year 2026, Alibaba reported cloud revenue of 33.398 billion yuan, a 26% year-on-year increase, marking the highest growth rate in three years.
2. Storage Industry Growth: Reports indicate that installed capacity for new energy storage increased by over 60% year-on-year in the first half of the year. The project in Gansu aims to achieve a total scale of 200MW/800MWh, with the first phase set for 100MW/400MWh.

Suspensions and Restorations

1. Suspension: 688585 Shangwei New Materials
2. Restoration: None

Important Announcements

1. Cyris: Issued H-shares, approved by the China Securities Regulatory Commission.
2. Pingmei Shenma Group: Controlling shareholder planning a strategic reorganization.
3. Shenma Co., Ltd: Controlling shareholder planning a strategic reorganization.
4. Ganfeng Lithium: Plans to raise up to 2.5 billion yuan by bringing in investors.
5. Tianqi Mould: The actual controller will change to the Urumqi State-owned Assets Supervision and Administration Commission.

Refinancing

1. Hanyu Pharmaceutical: Plans to raise no more than 968 million yuan for various projects.
2. Pan-Asia Micro透: Plans to raise no more than 699 million yuan.

Buybacks and Reductions

1. Qibin Group: Plans to buy back shares worth 100 million to 200 million yuan.
2. Zhengzhong Design: Controlling shareholder plans to reduce holdings by up to 3%.
3. Baia Shares: One of the actual controllers plans to reduce holdings by up to 2%.
4. Milkewei: Actual controller and shareholders plan to collectively reduce holdings by up to 4.02%.

Major Contracts

1. China Oil Engineering: Signed a $2.524 billion EPC contract for a seawater pipeline project in Iraq.
2. Century Hengtong: Won a 1.065 billion yuan procurement project with China Mobile in Liaoning.
3. State Grid Information and Communication: Subsidiary won a 605 million yuan procurement project from the State Grid.

Other News

1. Dongjie Intelligent: Signed a framework agreement with Malaysian construction company PTTSG.
2. Boyin Special Welding: Phase one of its production base in Vietnam has been put into operation.
3. Changqing Group: Plans to invest 571 million yuan in the second phase of its cogeneration project in Maoming.
4. Oriental Yuhong: Plans to invest 600 million yuan in a new materials industry chain project in Shanglin County.