违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 中方敦促美方立即纠正错误做法，停止对中国企业的无理打压。中方将采取必要措施，坚决维护中国企业 的合法权益。 来源：商务部 责编：刘珺宇 校 对：高源 百万用户都在看 停牌！多只A股，集体公告！ 突然！俄罗斯，发动大规模袭击！ 证监会：立案！A股公司，公告！ 罕见！几百名将军，被召回！美军秘密会议，细节曝光 商务部新闻发言人就美商务部发布出口管制穿透性规则事答记者问。 有记者问：美东时间2025年9月29日，美商务部发布出口管制穿透性规则，对被列入美"实体清单"等的 企业持股超过50%的子公司追加同等出口管制制裁。请问中方对此有何评论？ 答：中方注意到有关情况。相关规则是美方泛化国家安全、滥用出口管制的又一典型例证。美方此举性质 极其恶劣，严重损害受波及企业的正当合法权益，严重冲击国际经贸秩序，严重破坏全球产业链供应链的 安全稳定，中方对此坚决反对。 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 ...

Core Viewpoint - MoonLake, a biotechnology company, experienced a significant stock drop of 89% after disappointing Phase III clinical trial results for its drug sonelokimab, leading to drastic reductions in target prices by major banks [2][5][6]. Group 1: Company Performance - MoonLake's market capitalization fell from approximately $3.98 billion to under $500 million following the trial results [7]. - The drug sonelokimab showed a response rate of 35% and 36% in two trials, compared to 18% and 26% in the placebo groups, which analysts deemed underwhelming [5][6]. - Analysts from Stifel and RBC downgraded MoonLake's ratings and target prices significantly, with Stifel lowering its target from $77 to $13 and RBC from $67 to $10 [6][7]. Group 2: Market Reaction - Following the announcement, UCB SA, a competitor, saw its stock rise over 20%, benefiting from MoonLake's poor results [7]. - The market for hidradenitis suppurativa (HS), which sonelokimab targets, is projected to grow from $2 billion to $15 billion by 2035, indicating potential for future competition [7]. Group 3: Acquisition Interest - Earlier in June, Merck had made a non-binding offer exceeding $3 billion for MoonLake, which was rejected, highlighting MoonLake's strong negotiating position at that time [8]. - Merck is actively seeking to diversify its revenue sources as its blockbuster drug Keytruda faces patent expiration in 2028 [9].

Group 1 - The core viewpoint of the article highlights President Trump's assertion that the U.S. film industry is being undermined by foreign productions, which he compares to "stealing candy from a baby" [1] - Trump criticizes California's governor as "weak and incompetent," suggesting that the state has been particularly hard hit by this issue [1] - To address this "long-standing and never-ending" problem, Trump proposes a 100% tariff on all films produced outside the U.S. [1]

华为又有新的人事调整。 券商中国记者获悉，9月29日，华为公司正式任命余承东担任公司产品投资评审委员会（IRB）主任，相关任 命文件由华为创始人任正非亲自签发。 分析人士认为，此次人事调整，被业内视为华为强化人工智能（AI）战略布局、聚焦核心业务突破的重要举 措。 目前，华为官网显示余承东职务仍为华为常务董事、终端BG董事长，尚未更新。对于上述消息，华为相关人 士表示暂无最新回应。 此外，余承东仍然负责华为终端业务和鸿蒙智行业务，是目前与消费者、用户沟通对话最多的华为高管之一， 具有商业化成功的经验和较强的战略执行力。业内人士认为，余承东担纲新职务，有望加速华为在AI芯片、 智能驾驶、大模型领域的突破，增强竞争力。 9月29日，余承东在其社交平台宣布鸿蒙5终端设备已突破2000万。余承东介绍，鸿蒙5终端设备从0到1000万， 华为用了将近10个月的时间，而从1000万到2000万，只用了短短2个月时间。 余承东表示，真的特别感谢大家 的支持。 近年来，中国AI热潮汹涌，国产大模型百花齐放，除了DeepSeek，阿里、腾讯、字节跳动等国产大模型你追 我赶，竞争进入白热化阶段，各大科技公司不甘落后。 今年6月，任 ...

Core Viewpoint - The article highlights the successful launch of the "Bainian Xiangshan" public welfare fixed-income product by CITIC Jiantou Securities, emphasizing the integration of financial services with social responsibility, aiming to create a sustainable ecosystem of commercial and social value [1][3]. Group 1: Event Overview - The "Bainian Xiangshan" initiative was launched in collaboration with the Guangzhou Charity Association and Securities Times, marking a significant step in promoting financial benevolence [1][3]. - The event on September 27 was a continuation of the "Spring Appointment" initiative from March, focusing on providing customized wealth management services to entrepreneurs [1][3]. Group 2: Product Details - The "Bainian Xiangshan" product operates on a model that combines investment returns with charitable donations, allowing clients to fulfill their wealth management needs while contributing to social causes [3][6]. - The product has been running steadily for six months, with donations being made as promised, showcasing its operational success [3][4]. Group 3: Community Engagement - The "Bainian Xiangshan · Ailei Children's Journey" event included an online evaluation and an offline meeting, where 31 volunteers helped finalize the list of beneficiaries and funding plans [3][4]. - The offline meeting featured interactive activities aimed at fostering connections between the supported children and donor families, enhancing mutual understanding and social responsibility [5][6]. Group 4: Future Initiatives - CITIC Jiantou Securities plans to continue inviting donors to support the "Ailei Action," promoting long-term partnerships and personalized growth tracking for students [6]. - The company emphasizes its commitment to social responsibility and aims to deepen its involvement in charitable activities beyond the initial product offerings [6].

Core Viewpoint - The Chinese government strongly opposes Japan's recent decision to add multiple Chinese companies to its export control "end user list," asserting that this action harms the interests of both countries' enterprises and lacks factual basis. The Chinese side welcomes Japan's removal of two companies from the list, viewing it as beneficial for mutual interests and expressing a willingness to enhance communication to facilitate the removal of more Chinese companies from the list [1]. Group 1 - Japan's Ministry of Economy, Trade and Industry updated its export control "end user list" on September 29, adding several Chinese companies while removing two others [1]. - The Chinese government urges Japan to immediately cease the unjust practice of listing Chinese companies without factual evidence [1]. - The removal of two Chinese companies from the list is welcomed by the Chinese side as it aligns with the common interests of both nations [1].

Core Viewpoint - DeepSeek has launched its updated model DeepSeek-V3.2-Exp, which significantly reduces API costs for developers by over 50% due to lower service costs associated with the new model [1][9]. Model Release and Features - The DeepSeek-V3.2-Exp model was officially released on September 29 and is available on the Hugging Face platform, marking an important step towards the next generation architecture [3]. - This version introduces the DeepSeek Sparse Attention (DSA) mechanism, which optimizes training and inference efficiency for long texts while maintaining model output quality [5][8]. - The model supports a maximum context length of 160K, enhancing its capability for handling extensive data [4]. Cost Structure and API Pricing - The new pricing structure for the DeepSeek API includes a cost of 0.2 yuan per million tokens for cache hits and 2 yuan for cache misses, with output priced at 3 yuan per million tokens, reflecting a significant reduction in costs for developers [9]. Open Source and Community Engagement - DeepSeek has made the DeepSeek-V3.2-Exp model fully open source on platforms like Hugging Face and ModelScope, along with related research papers [11]. - The company has retained API access for the previous version, V3.1-Terminus, to allow developers to compare performance, with the same pricing structure maintained until October 15, 2025 [11]. Upcoming Developments - There are indications that the new model GLM-4.6 from Z.ai will be released soon, which is expected to offer greater context capabilities [15][16].

"平安清华"微信公众号消息，清华大学党政办、保卫部、教师工作部、人事处、学生部、研工部、校团委9月 28日联合发布《关于严禁违规报备、违规载客入校的警示通报》： 近期，学校发生多起校内人员违规报备、违规载客入校的情况，部分人员参与"黑导""黄牛"活动牟利，严重扰 乱校园秩序、影响校园安全。学校已联动公安机关，依法依规依纪对相关人员作出处理。现将典型案例进行通 报，望全体人员引以为戒，遵守校园管理规定，共同维护平安和谐的校园环境。 【案例一】 一教职工与校外黑导勾连，通过违规报备方式组织团队入校参观并非法牟利，涉案金额大，被公安机关依法行 政拘留10日。根据学校相关管理规定，经研究决定，对该教职工予以解聘处理。 【案例二】 一教职工在网上发布招揽游客信息，其家属通过校内有证车辆搭载游客入校并非法牟利，涉案人数多，其本人 及家属均被公安机关依法行政拘留7日。根据学校相关管理规定，目前已取消其校园车证及家属入校权限，后 续将依规依纪进行处理。 【案例三】 3.各单位须切实履行主体责任，强化对所属人员的教育管理，按照"谁主管、谁负责；谁审批、谁负责；谁报 备、谁负责"的原则，督促所属人员严格遵守校园管理相关规定。学校 ...

Macro Dynamics - As of June 2025, China's banking sector has foreign financial assets totaling $17,721 billion and foreign liabilities of $15,377 billion, resulting in a net foreign asset of $2,344 billion. The net liabilities in RMB amount to $3,171 billion, while net assets in foreign currencies total $5,515 billion. The breakdown of foreign financial assets shows that loans and deposits account for $10,638 billion (60%), bonds for $4,526 billion (26%), and other assets for $2,557 billion (14%) [2]. Visa and Immigration Policies - China has introduced a new K visa category aimed at promoting exchanges and cooperation among young scientific and technological talents, with details to be announced by Chinese embassies and consulates [3]. - Starting September 29, South Korea has implemented a visa waiver policy for group tourists from China, allowing groups of three or more to enter without a visa for up to 15 days [5]. Financial Institutions - Roadhuas Securities has been fined HKD 2.1 million by the Hong Kong Securities and Futures Commission for improper handling of client funds, which included failing to maintain sufficient funds in independent client accounts on 12 occasions between February 2021 and July 2022 [6]. Market Data - On September 29, the A-share market saw all major indices rise, with the Shanghai Composite Index increasing by 0.9%, the Shenzhen Component by 2.05%, and the ChiNext Index by 2.74%. The total trading volume across the Shanghai and Shenzhen exchanges was CNY 21,781 billion, an increase of CNY 120 billion from the previous day [7]. - The margin financing balance in the two markets decreased by CNY 19.253 billion as of September 26, with the Shanghai Stock Exchange reporting a balance of CNY 12,188.55 billion and the Shenzhen Stock Exchange reporting CNY 11,815.43 billion [8]. Company Dynamics - China CNR Corporation announced several major contracts signed between July and September 2025, totaling approximately CNY 543.4 billion, which represents about 22% of the company's projected revenue for 2024 [11]. - The actual controller of *ST Muban has been placed under investigation by the China Securities Regulatory Commission for failing to disclose non-operational fund transactions, with the stock experiencing a 21.71% increase over four consecutive trading days [12]. - Visa has appointed Elaine Chang as the new president for the Greater China region, succeeding Shirley Yu, who is set to retire at the end of the year [13]. - JD Health announced the resignation of its CEO, Jin Enlin, effective September 29, 2025, with Cao Dong appointed as the new CEO [14]. - Hainan Duty-Free Company has increased its registered capital from CNY 1.2 billion to CNY 1.7 billion, marking a 42% increase [15][16]. - AstraZeneca plans to list its shares on the New York Stock Exchange while retaining its headquarters in the UK [17]. - XGIMI Technology has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the exclusive sponsor [18].

Core Viewpoint - The article highlights the release of the "Mechanical Industry Stabilization and Growth Work Plan (2025-2026)" by six government departments, aiming to promote high-quality development in the manufacturing sector, particularly in key areas such as industrial mother machines, agricultural machinery, and robotics [1][3][6]. Group 1: Policy Initiatives - The plan aims for the mechanical industry to maintain a stable and positive trend, targeting an average annual revenue growth rate of approximately 3.5%, with total revenue exceeding 10 trillion yuan by 2025-2026 [3]. - Specific measures include enhancing major technological renovations and large-scale equipment updates, focusing on replacing outdated equipment with more efficient and environmentally friendly alternatives [3][4]. - The plan emphasizes the promotion of intelligent manufacturing and the integration of new technologies such as artificial intelligence and quantum technology into equipment development [6][7]. Group 2: Market Response - Following the announcement, the robotics sector saw significant activity in the stock market, with nearly 20 related stocks hitting the daily limit or rising over 10% [2][8]. - The non-ferrous metals sector also experienced a collective surge, with an overall increase of more than 3.7% on the same day, driven by supportive policies in various industries [2]. Group 3: Industry Development Focus - The plan outlines the need to cultivate competitive small and medium-sized enterprises and industry clusters with international competitiveness, particularly in high-tech fields [3][7]. - It encourages the development of new economic models such as the "first economy," "ice and snow economy," and "smart tourism," expanding the application of specialized robots and smart equipment [5][6]. - The initiative aims to enhance the integration of artificial intelligence in healthcare, promoting the use of smart medical equipment and robotics in various healthcare scenarios [5][6].