另据wind，鲍威尔同日在一场公开讲话中表示，当前资产价格整体处于"较高水平"，引发市场对估值过 热的担忧，主要股指随即转跌。 市场上，当地时间9月23日，美股三大指数集体收跌，道指跌0.19%，纳指跌0.95%，标普500指数跌 0.55%。 （原标题：鲍威尔发声！美股三大指数收跌，英伟达市值蒸发超8900亿元） 据央视新闻报道，当地时间9月23日，美联储主席鲍威尔就政策动向及经济形势表态，指出就业市场下 行风险增大，是促使美联储上周采取降息行动的关键原因。 鲍威尔表示，此举是政策立场转向"中性"的一步，并强调未来政策没有预设方向。他承认当前通胀水平 仍略高于目标，8月核心PCE通胀率预计为2.3%，其中商品价格上涨主要反映了关税影响，而非广泛的 通胀压力。 鲍威尔同时指出，消费者支出已出现放缓迹象，企业信心受不确定性影响，劳动力市场活力有所减弱。 他判断，关税可能会在未来几个季度导致通胀有所上升，但关税带来的通胀可能"相对短暂"，美联储将 防范一次性物价上涨演变为持续性问题。 大型科技股普遍下跌，甲骨文跌超4%，亚马逊跌超3%，英伟达跌超2%，市值一夜蒸发1259亿美元（约 合人民币8954亿元），特斯拉 ...

Market Overview - On September 23, the A-share market showed signs of recovery after hitting a low, with the ChiNext index rising by 0.21% while the Shanghai Composite Index and Shenzhen Component Index fell by 0.18% and 0.29% respectively. The total trading volume in both markets reached 2.49 trillion yuan, an increase of 372.9 billion yuan compared to the previous trading day [2][3]. Sector Performance - Defensive sectors performed well throughout the day, with bank stocks rising against the trend. The port and shipping sector experienced fluctuations but ended positively, while the semiconductor sector rebounded towards the end of the trading session. Conversely, high-profile stocks showed signs of divergence, with tourism, Huawei, and small metals sectors declining [2]. International Market Trends - In the U.S., major stock indices fell on September 23, with the Dow Jones Industrial Average down by 0.19%, the S&P 500 down by 0.55%, and the Nasdaq Composite down by 0.95%. The decline was attributed to comments from Federal Reserve Chairman Jerome Powell regarding high stock valuations [6][5]. Commodity Prices - International oil prices increased on September 23, with light crude oil futures for November delivery rising by $1.13 to $63.41 per barrel, a gain of 1.81%. Brent crude oil futures also saw an increase of $1.06, closing at $67.63 per barrel, up by 1.59% [4]. Key Economic Insights - The OECD projected a global economic growth rate of 3.2% for 2025, an increase of 0.3 percentage points from its previous forecast in June. However, growth is expected to slow to 2.9% in 2026 [7]. Regulatory Developments - The State Administration for Market Regulation and the National Internet Information Office are finalizing the "Live E-commerce Supervision Management Measures," which will clarify the legal responsibilities of various stakeholders in the live e-commerce sector and enhance regulatory oversight [8]. Industry Events - The 7th High Energy Density Solid-State Battery Key Materials Technology Conference was held in Suzhou, focusing on solid electrolytes, electrode materials, and the industrialization of solid-state batteries. The conference aimed to foster collaboration among enterprises, research institutions, and end-user industries [10]. Institutional Perspectives - According to招商证券, there is a focus on the new technology cycle and the progress of societal intelligence, particularly in AI and its applications. 兴业证券 noted that the lithium battery sector is experiencing a price stabilization and production expansion slowdown, which could lead to improved profitability in the industry [11].

Core Points - A new round of financial policies has been introduced, initiating a new market trend in A-shares, with major indices experiencing significant growth and over 1,400 stocks doubling in value [1][3]. Market Overview - The total market capitalization of A-shares has increased from 70.79 trillion yuan to 103.92 trillion yuan, adding 33.13 trillion yuan [4]. - Major indices have shown remarkable growth, with the North China 50 Index leading at a 158.01% increase, followed by the Sci-Tech 50 Index at 118.85% and the ChiNext Index at 103.50% [3][4]. Industry Performance - All 31 first-level industries in the Shenwan classification have recorded gains, with the electronics, media, and comprehensive sectors leading with increases of 203.35%, 177.08%, and 129.05% respectively [6][7]. - Traditional cyclical sectors such as oil and petrochemicals have lagged, with increases of less than 10% [6]. Individual Stock Performance - A total of 5,137 stocks have risen, with 1,431 stocks doubling in value, and 38 stocks increasing by over 500% [9]. - Notable stocks with over 500% gains include Shangwei New Materials (1720.5%), *ST Yushun (1133.01%), and Shenghong Technology (1061.66%) [10]. Small-cap Stocks - The Wind Micro-cap Index has surged by 118.15%, with over 70% of the doubling stocks having a market capitalization of less than 5 billion yuan [12]. Declining Stocks - Despite the overall positive trend, 187 stocks have declined, with the worst performer, Zitian Tui, dropping by 96.2% due to severe financial fraud [12][13]. Future Outlook - Analysts suggest that while the current bull market is not over, a pause is expected in the short term, with market dynamics likely to shift based on policy developments in the fourth quarter [19].

记者丨张嘉钰 王应贵 编辑丨陈思颖 和佳 据央视新闻报道，当地时间9月23日，美联储主席鲍威尔就政策动向及经济形势表态，指出就业市场下 行风险增大，是促使美联储上周采取降息行动的关键原因。 鲍威尔同时指出，消费者支出已出现放缓迹象，企业信心受不确定性影响，劳动力市场活力有所减弱。 他判断，关税可能会在未来几个季度导致通胀有所上升，但关税带来的通胀可能"相对短暂"，美联储将 防范一次性物价上涨演变为持续性问题。 另据wind，鲍威尔同日在一场公开讲话中表示，当前资产价格整体处于"较高水平"，引发市场对估值过 热的担忧，主要股指随即转跌。 市场上，当地时间9月23日，美股三大指数集体收跌，道指跌0.19%，纳指跌0.95%，标普500指数跌 0.55%。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 46292.78 | 22573.47 | 6656.92 | | -88.76 -0.19% -215.51 -0.95% -36.83 -0.55% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 8391.62 | 24848.00 | 67 ...

国家医疗保障局开展真实世界医保综合价值评价试点工作 这里是《21健讯Daily》，欢迎与21世纪经济报道新健康团队共同关注医药健康行业最新事件！ 政策动向 9月23日，国家医疗保障局办公室发布《关于开展真实世界医保综合价值评价试点工作的通知》。通知 提出，试点先行地区要在国家医保局统一部署下，按照"顶层设计、实践验证、决策应用"的工作思路， 通过在评价规范标准、技术方法、应用场景的实践探索以及相关数据、人才支撑体系拓展建设，到2027 年底，推进十个选题的研究落地，形成一套以价值为导向、基于真实世界研究的医保综合价值评价体 系，并在全国范围推广。 21点评：这是一场涉及理念、技术和制度的系统性变革。通过构建科学的评价体系、优化数据治理、深 化三医联动等，试点将推动医保从"被动支付"向"主动购买价值"转型，提高医保基金使用效率，赋能医 药行业高质量发展。 药械审批 恒瑞医药：阿得贝利单抗注射液新适应症上市许可申请获国家药监局受理 9月23日，恒瑞医药(600276.SH)公告称，公司子公司上海盛迪医药有限公司收到国家药监局下发的《受 理通知书》，公司阿得贝利单抗注射液新适应症的药品上市许可申请获国家药监局受理。 ...

1、央行行长潘功胜会见来访的桥水基金创始人瑞·达利欧。双方就国际经济形势及金融市场动态等交换了看法。会后，达利欧就债务周期等话题 与央行、外汇局工作人员进行了交流。 2、国新办23日举行新闻发布会，教育部负责人介绍，中国已经建成规模最大且高质量的教育体系，今年学前一年免费政策已惠及1200多万儿童。 建成世界上规模最大的职业教育体系，供给了现代产业70%以上的新增高素质高技能人才。高等教育毛入学率已达到60.8%，进入普及化阶段。 3、国内成品油调价年内第六次搁浅。9月23日24时新一轮成品油调价窗口开启，据国家发改委价格监测中心监测，本轮调价周期内，调价金额每 吨不足50元，本次汽、柴油价格不作调整。 4、工信部："十五五"时期，要加快打造一批新兴支柱产业；建立未来产业投入增长机制，加强前沿技术研发和应用推广，开辟人形机器人、脑机 接口、元宇宙、量子信息等新赛道，创建一批未来产业先导区。 （原标题：鲍威尔透露降息关键原因；台风"桦加沙"今日将登陆广东｜南财早新闻） 今日关注 根据省气象台此前预测，24日起，随着台风逼近，广东全域都将被台风8级风圈覆盖，南部沿海甚至有超14级大风。24日，珠三角和粤西市县风力 ...

在全球化与数字化交汇的时代浪潮中，一批中国企业正以技术为桨、以用户为舵，驶向更广阔蓝海。 近日，21世纪经济报道专访万兴科技副总裁张铮，深入了解公司出海战略与全球化布局。 从0到1破局 张铮：2003年万兴科技成立，即锚定海外市场，这一战略源于对全球软件格局的洞察。彼时国内软件市 场处于付费习惯与版权保护的双重培育期，而海外市场已具备三大优势：成熟的知识产权保护体系、完 善的在线支付基础设施，以及国际巨头对新兴线上渠道覆盖不足形成的差异化竞争空间。 基于此，万兴科技转向海外，依托互联网流量红利构建"轻资产、高效率"模式。首款产品Photo2VCD上 线海外平台后，凭借技术优势首年即实现百万元级营收，验证了中国软件通过互联网服务全球的可行 性。 其中，AIGC软件A股上市公司万兴科技（300624.SZ），早期曾凭借一款Photo2VCD在海外市场单日收 获订单、首年实现百万元营收，如今以AI大模型为底座构建覆盖全球的多产品矩阵。 在其出海战略的背后，是一条清晰可辨的演进路径：从产品出口阶段的流量开拓，到本地化深耕阶段的 品牌信任建立，再到AI与技术生态阶段的全球协同创新。 张铮：公司全球化发展历经三大战略阶段 ...

Core Viewpoint - The recent price increase in the express delivery sector, initiated by major companies like Jitu, Zhongtong, and Yuantong, reflects a broader trend driven by policy and cost pressures, aiming to curb long-standing low-price competition in the industry [1][3]. Price Increase Details - Five leading express companies have raised the collection prices in Shanghai by 0.2 to 0.4 yuan per order [1]. - Similar price adjustments have occurred in key e-commerce regions such as Zhejiang and Guangdong, indicating a widespread trend [1][3]. - The price hikes primarily target low-priced orders below cost, while personal parcel rates remain unaffected [1]. Cost Pressures and Industry Response - The express delivery industry has been facing rising costs, including increased wages for delivery personnel and higher transportation and packaging expenses [5]. - The average price for express services has decreased by nearly 8% year-on-year, with major companies experiencing a decline in per-order revenue [5]. - Companies are shifting from a volume-driven strategy to a quality-focused approach to maintain profitability [5][6]. Financial Impact on Companies - The price increase is expected to enhance station revenues and improve the income of delivery personnel [4]. - For instance, a single station estimates that a 0.1 yuan increase in per-order revenue could lead to an additional 1.5 million yuan in monthly income [4]. Market Dynamics and Regional Variations - The price increase has not been uniformly adopted across all regions, with core areas like Guangdong and Zhejiang implementing changes while non-core areas maintain previous pricing strategies [6]. - The disparity in e-commerce density affects the pace of price adjustments, with some regions still engaging in price competition to attract customers [6]. Effects on Related Industries - The rise in express delivery costs has led to the cancellation of shipping insurance by some merchants, particularly in the high-return apparel sector, which may impact sales conversion rates [7]. - The cancellation of shipping insurance could also affect reverse logistics, which has been a significant revenue source for express stations [7]. Future Outlook - While the price increases may improve profit margins, the long-term effectiveness in curbing low-price competition remains uncertain, as consumer acceptance of higher prices is crucial [7].

政策与资金双重利好 今年前三季度，港股将有6只超大型新股上市，包括5只A+H新股及1宗从A+H上市公司分拆出来的上市项目，另有4只大型新股上市，包括1只 以同股不同权形式上市的中概股。 2024年4月19日，中国证监会发布五项资本市场对港合作措施，明确支持内地行业龙头企业赴香港上市。这些措施在2023年实施的境外上市备 案管理制度规则基础上，进一步支持内地企业利用两地市场与资源规范发展。同年12月，香港联交所发布《有关优化首次公开招股市场定价及 公开市场的建议》咨询文件，提出降低A+H股发行人的H股最低上市门槛等建议，从而进一步拓宽内地企业赴港股的融资渠道。 今年以来，港股IPO市场认购盛况空前，"超额认购王"纪录屡创新高。其中，大行科工以7558倍的认购倍数领先，而紧随其后的布鲁可和银诺 医药分别获得6000倍和5342倍的踊跃认购。 9月23日，德勤中国资本市场服务部发布《2025年前三季度中国内地和香港新股市场回顾与展望》（下称"报告"），报告指出，以集资额计 算，港交所预计将蝉联全球新股集资榜首。 德勤预计，今年前三季度，香港将迎来66只新股上市，集资总额达1823亿港元。新股数量较去年同期的45只增 ...

Core Insights - OpenAI is collaborating with Luxshare Precision and GoerTek to enter the AI hardware market, with a focus on consumer-grade AI devices [1][2] - The stock prices of Luxshare Precision and GoerTek have experienced significant fluctuations due to market reactions to OpenAI's hardware ambitions, with Luxshare's stock rising by 51.6% over the past month [1][2] - OpenAI plans to develop AI hardware such as smart glasses, digital voice recorders, and wearable badges, with initial products expected to launch by late 2026 or early 2027 [1][2] Company Developments - Luxshare Precision's stock reached a historical high of 65.12 yuan on September 23, 2023, following reports of its strategic partnership with OpenAI [1] - GoerTek's stock saw a 7.73% increase on September 22, 2023, but experienced a 2.82% decline the following day, indicating market volatility [2] - OpenAI has recruited over 20 employees from Apple for its consumer hardware initiatives, including key personnel with over a decade of experience at Apple [2] Industry Trends - The AI hardware market is witnessing a surge in interest, with major players like OpenAI and Meta leading the charge in developing innovative products [6] - The global wearable device market is projected to exceed 200 million units by 2025, with smart audio devices expected to surpass 500 million units, indicating strong growth potential [8] - The competition in the smart glasses market is intensifying, with various manufacturers, including internet companies and traditional eyewear firms, vying for market share [9]