上交所发布关于合格境外机构投资者和人民币合格境外机构投资者参与股票期权交易有关事项的通知： 一、合格境外投资者可以参与在上交所上市的交易型开放式指数基金期权（ETF期权）交易，交易目的限于套 期保值。 二、合格境外投资者可以申请现货多头套期保值、现货空头套期保值持仓限额。 来源： 人民财讯 责编：杨喻程 校 对：杨立林 百万用户都在看 利好来了！外围，突传重磅！ 涨停！A股盘中，集体异动！发生了啥？ 刚刚，集体爆发！海外，传来重磅利好！ 特朗普：征收100%关税！ 停牌！多只A股，集体公告！ 证监会：立案！A股公司，公告！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 三、合格境外投资者应当通过委托的期权经营机构向上交所报备计划使用的沪市A股证券账户，报备通过后再 开立对应的衍生品合约账户作为套期保值专用账户。 四、合格境外投资者应当通过委托的期权经营机构向 上交所 提交相关期权品种的套期保值额度申请。经 上交 所 核定额度后，方可参与套期保值交易，并应当持续符合 上交所 关于股票期权套期保值交易的要求。 五、接受合格境外投资者委托的期权经营机构，应当勤勉尽责，加强对合格 ...

Core Viewpoint - The National Social Security Fund achieved an investment return rate of 8.1% in 2024, with total investment earnings amounting to 218.42 billion yuan, surpassing historical averages [1][4][3]. Summary by Sections Investment Performance - The fund's average annual investment return since its establishment is 7.39%, with cumulative investment earnings reaching 1,900.998 billion yuan [5]. - The investment return of 8.1% for 2024 is higher than the historical average, with realized earnings of 43.651 billion yuan (realized return rate of 1.64%) and fair value changes of trading assets amounting to 174.767 billion yuan [4][3]. Asset Growth - By the end of 2024, the total asset size of the social security fund increased by 307.901 billion yuan compared to 2023, with both direct and entrusted investments growing [2][6]. - The total assets reached 3,322.462 billion yuan, with direct investment assets at 948.576 billion yuan (28.55% of total assets) and entrusted investment assets at 2,373.886 billion yuan (71.45% of total assets) [5][6]. Domestic and International Investment - Domestic investment assets increased by 216.068 billion yuan, while international investment assets rose by 91.833 billion yuan, leading to a 1.7 percentage point increase in the share of international investments [2][6]. - The fund maintained a stable exposure to stock market risks and increased allocations to fixed-income assets, benefiting from the downward trend in interest rates [6]. Local Pension Fund Performance - The local pension fund achieved an investment return rate of 5.52% in 2024, with total investment earnings of 105.688 billion yuan [8]. - The total assets of the local pension fund reached 28,396.52 billion yuan, with liabilities of 5,046.49 billion yuan and equity totaling 23,350.03 billion yuan [8].

Macro Dynamics - The People's Bank of China will conduct a 1.1 trillion yuan reverse repurchase operation on October 9, 2025, with a term of 3 months [2] - The National Development and Reform Commission has allocated 69 billion yuan in special bonds to support the consumption upgrade policy, completing the annual target of 300 billion yuan [3] - The Ministry of Finance and the Ministry of Commerce announced a funding subsidy of 200 million yuan for each international consumption center city to promote the construction of an international consumption environment [4][5] Financial Regulation - The National Financial Regulatory Administration supports the development of floating income health insurance and aims to enhance the payment flexibility for innovative drugs and medical devices [6] Foreign Investment - As of June 2025, China's net foreign assets stood at 38,090 billion USD, with total foreign financial assets at 110,645 billion USD and foreign liabilities at 72,555 billion USD [7] Trade Policy - On September 29, 2025, U.S. President Trump announced a 10% tariff on imported softwood lumber and a 25% tariff on imported cabinets and bathroom vanities, effective October 14, 2025 [8] Company Dynamics - China Life has completed the reduction of 50,789,400 shares in Hangzhou Bank, accounting for 0.70% of the total share capital, with a total reduction amount of 833 million yuan [9] - Guokong Operations has reduced its stake in Caida Securities by 3%, completing its share reduction plan [10][11] - S&P China received a warning letter from the Beijing Securities Regulatory Bureau for failing to adhere to consistency principles in its credit rating business [14] - Zhejiang Media holds a 0.015% indirect stake in Yushu Technology through a private equity fund, which does not significantly impact its operations [15] - OpenAI reported a revenue of 4.3 billion USD in the first half of the year, a 16% increase compared to the previous year, but incurred a loss of 13.5 billion USD due to high R&D costs [16] - Tonghuashun's shareholder, Kaishun, has completed the reduction of 699,100 shares, representing 0.13% of the total share capital [17] Market Data - The ChiNext Index rose over 12% this month, while the Sci-Tech Innovation 50 Index increased by over 11%, reaching a nearly four-year high [12] - The total margin balance in the two markets increased by 4.428 billion yuan as of September 29, 2025 [13]

据中共中央对外联络部网站"部领导"栏目显示，刘海星已任中联部部长。 刘海星，中共中央对外联络部部长，男，汉族，1963年4月生，大学学历，文学学士，中共党员。中共第 二十届中央委员。 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 F 来源：长安街知事 责编：杨喻程 校 对：杨立林 百万用户都在看 利好来了！外围，突传重磅！ 涨停！A股盘中，集体异动！发生了啥？ 刚刚，集体爆发！海外，传来重磅利好！ 特朗普：征收100%关税！ 停牌！多只A股，集体公告！ 证监会：立案！A股公司，公告！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 中共中央对外联络部是负责中国共产党对外工作的职能部 ...

新华社消息，政协第十四届全国委员会第四十一次主席会议9月30日下午在京召开。会议审议通过关于免去易 会满政协第十四届全国委员会经济委员会驻会副主任职务，撤销其委员资格的决定，提请全国政协十四届常委 会第十四次会议追认。 今年9月6日消息，易会满被查。 公开信息显示，易会满出生于1964年12月，高级管理人员工商管理硕士，中共党员。他是第二十届中央委员。 他曾任中国工商银行副董事长、行长、党委副书记等职，2016年5月任中国工商银行董事长、党委书记。2019 年1月，易会满任中国证券监督管理委员会主席、党委书记，2024年2月被免职，后转任全国政协经济委员会驻 会副主任。 来源：新华社、政事儿 F 百万用户都在看 利好来了！外围，突传重磅！ 涨停！A股盘中，集体异动！发生了啥？ 刚刚，集体爆发！海外，传来重磅利好！ 特朗普：征收100%关税！ 停牌！多只A股，集体公告！ 证监会：立案！A股公司，公告！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com ...

为认真贯彻习近平总书记有关"十五五"规划编制工作的重要指示精神和9月29日中央政治局会议精神，高质量 做好"十五五"资本市场规划思路和举措谋划工作，证监会党委书记、主席吴清在北京召开专题座谈会，与部分 上市公司、行业机构和中介机构代表、中国资本市场学会会员深入交流，充分听取意见建议。 座谈中，大家一致认为，"十四五"时期，我国资本市场实现了量质齐升，特别是新"国九条"和资本市 场"1+N"政策体系发布实施以来，资本市场基础制度和监管底层逻辑得到全方位重构，多层次市场体系更加完 备，市场功能不断健全，市场韧性明显增强，市场生态持续净化。会上，大家围绕如何做好"十五五"资本市场 规划、进一步全面深化资本市场改革提出了具体意见建议。主要包括：进一步深化发行上市、再融资、并购重 组等领域改革，完善政策执行机制，不断增强资本市场的吸引力和包容性；更大力度支持上市公司做优做强， 引导上市公司加大分红回购力度，进一步发挥机构投资者在上市公司治理中的作用，不断提升上市公司质量和 投资价值；支持优质证券基金公司等行业机构打造一流投资银行和投资机构，推动会计师、律师事务所等中介 机构高质量发展，加快提升综合实力和国际竞争力；进一 ...

9月30日，央行发布公告，为保持银行体系流动性充裕，2025年10月9日，中国人民银行将以固定数量、利率招标、多重价位中标方式开展11000亿元买断式逆回购操 作，期限为3个月（91天）。 看券商中国 知天下财经 弊中社 券商中国 X 券中社 扫码下载 券 中 社 A P P 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体, 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 | 来源：央行官网 | 责编：杨喻程 | | --- | --- | | 校 | 对：苏焕文 | | 百万用户都在看 | | | 利好来了！外围，突传重磅！ | | | 刚刚，集体爆发！海外，传来重磅利好！ | | | 特朗普：征收100%关税！ | | | 停牌！多只A股，集体公告！ | | | 证监会：立案！A股公司，公告！ | | 违法和不良信息举报电话：0755-8351403 ...

Group 1 - The article discusses the announcement by President Trump to impose high tariffs on imported bathroom products, cabinetry, and other wooden goods, indicating a shift towards protectionist trade policies [1] - The Chinese Foreign Ministry spokesperson, Guo Jia Kun, responded by stating that there are no winners in a trade war and that protectionism is not a viable solution [1] Group 2 - The article mentions a significant reaction in the market, with multiple A-shares announcing suspensions, indicating potential volatility in the stock market due to these tariff announcements [2] - The article highlights the ongoing tension in trade relations, suggesting that the situation may lead to further regulatory scrutiny and actions from the China Securities Regulatory Commission [2]

Group 1 - The article highlights the implementation of the "two new" policies by the National Development and Reform Commission (NDRC) and the Ministry of Finance, which has led to the issuance of long-term special bonds to support the consumption of old goods for new ones [1] - From January to August this year, 330 million people applied for subsidies under the old-for-new consumption policy, resulting in sales exceeding 2 trillion yuan [1] - Retail sales of household appliances, audio-visual equipment, cultural office supplies, furniture, and communication equipment saw significant year-on-year growth, with increases of 28.4%, 22.3%, 22.0%, and 21.1% respectively, contributing to a 4.6% year-on-year growth in total retail sales of consumer goods [1] Group 2 - The NDRC and the Ministry of Finance have allocated a total of 690 billion yuan in the fourth batch of special bonds to support the old-for-new consumption policy, completing the annual allocation of 300 billion yuan in central funds [1] - Future efforts will focus on organizing local governments to manage the pace of implementation, improve fund usage plans, ensure balanced and orderly expenditure of subsidy funds, and strengthen product quality and price supervision [1] - There will be strict measures against fraudulent activities related to subsidies to ensure the effective implementation of the old-for-new consumption policy [1]

Core Viewpoint - The article discusses recent favorable policies in the consumption sector, aimed at enhancing service consumption and creating new growth points in the economy through pilot programs in selected cities [1][2]. Group 1: Policy Announcements - The Ministry of Finance and the Ministry of Commerce have issued notifications to support new consumption formats, models, and scenarios, focusing on enhancing service quality and expanding service consumption [2][3]. - Approximately 50 cities will be selected for pilot programs, with a focus on large cities with significant population and development potential. The policy implementation period is set for two years [3]. Group 2: Support Directions - The first notification emphasizes three main areas for innovation: 1. Establishing a robust service system for new product launches, including the creation of launch centers and platforms in key commercial areas [4]. 2. Innovating diverse service consumption scenarios by integrating digital technologies like AI and the metaverse into various sectors such as entertainment and tourism [4]. 3. Supporting collaborations between quality consumption resources and well-known IPs to stimulate consumer potential through immersive shopping experiences [5]. Group 3: Financial Support - Central financial support for pilot cities includes funding of 4 billion yuan for super-large cities, 3 billion yuan for large cities, and 2 billion yuan for other cities, distributed in two batches based on performance evaluations [5][6]. - The second notification also provides financial assistance, with international consumption center cities receiving 2 billion yuan and other cities 1 billion yuan, following a similar funding distribution strategy [8]. Group 4: International Consumption Environment - The second notification aims to build an international consumption environment by enhancing high-quality consumption supply and creating international consumer-friendly business districts [9]. - It includes optimizing foreign payment services and improving the infrastructure for foreign currency exchange in key areas frequented by international visitors [9][10]. - The notification also emphasizes improving service levels in key locations by providing multilingual support and enhancing the overall experience for inbound tourists [10].