Group 1 - The meeting between Chinese Vice Premier He Lifeng and a U.S. congressional delegation indicates a strategic direction for stabilizing China-U.S. relations, emphasizing mutual respect and cooperation [5] - The U.S. stock market saw all three major indices rise, with the Dow Jones up 0.14%, Nasdaq up 0.7%, and S&P 500 up 0.44%, marking new closing highs [5] - International precious metals futures experienced a general increase, with COMEX gold futures rising by 2.03% to $3781.20 per ounce and silver futures up by 3.17% to $44.32 per ounce [6] Group 2 - The People's Bank of China reported that as of the end of June, the total assets of the banking sector reached nearly 470 trillion yuan, ranking first in the world [10] - The China Securities Regulatory Commission (CSRC) announced plans to deepen reforms in the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange, aiming to enhance the capital market's attractiveness and competitiveness [11] - The Shanghai Stock Exchange aims to promote long-term capital inflows to stabilize and activate the capital market, supporting the development of new productive forces [12] Group 3 - The announcement of the acquisition of Shenzhen Zhuoyu Technology by China First Automobile Works (FAW) is significant for FAW's strategy in the advanced driver-assistance systems (ADAS) sector [18] - Huawei's upcoming WATCH GT 6, featuring a new high-silicon stacked battery, promises a 50% increase in battery life compared to its predecessor, potentially enhancing user experience in the smartwatch market [20] - BYD's response to Warren Buffett's divestment from the company emphasizes a mature perspective on stock investment, highlighting the normalcy of buying and selling in the market [22] Group 4 - Xiaomi's upcoming launch of the Xiaomi 17 series on September 25, along with CEO Lei Jun's annual speech, is expected to positively impact the company's market performance and strategic direction [23] - Li Auto's restructuring of its autonomous driving department may influence the company's future technological advancements and product development in the smart driving sector [24] - DeepSeek's update to version 3.1 aims to improve user experience and demonstrates the company's commitment to technological development, potentially leading to industry innovation [25]

Core Viewpoint - Xiaomi has officially announced the launch of the new Xiaomi 17 series, which includes three models, aligning with Apple's iPhone 17 series in terms of model quantity and design features [1][3]. Group 1: Product Launch and Features - The Xiaomi 17 series replaces the previously anticipated Xiaomi 16 series and introduces a new small-screen version, the Xiaomi 17 Pro, alongside the standard and Pro Max versions [1]. - The design of the Xiaomi 17 series closely resembles that of the iPhone 17 series, featuring a secondary display in the Pro models, reminiscent of the Xiaomi 11 Ultra [1][3]. - The official launch event is scheduled for September 25, with key specifications and design details already revealed by company executives [3]. Group 2: Pricing Strategy - The starting price for the Xiaomi 17 standard version is expected to remain at 4499, the same as the previous Xiaomi 15, while the Pro and Pro Max versions may see a price increase, with the Pro starting at approximately 5299 and the Pro Max at around 5999 [3][5]. - Overall, the pricing strategy positions the Xiaomi 17 series as more affordable compared to the iPhone 17 series, which is seen as a competitive advantage in the market [5]. Group 3: Technical Specifications - All models in the Xiaomi 17 series will be equipped with the latest Qualcomm Snapdragon 8E Gen5 processor, achieving benchmark scores exceeding 4 million [7]. - The series will feature a Leica imaging system, the new Surge OS 3.0, and battery capacities exceeding 7000 mAh, along with support for fast charging [7].

Core Insights - Xiaomi's CEO Lei Jun has pre-released the design of the Xiaomi 17 standard version ahead of the product launch event on September 25, highlighting its features and design improvements [1][3] Group 1: Product Features - The Xiaomi 17 standard version features a 6.3-inch flat screen, continuing the "golden size" trend from the Xiaomi 13 series, and has achieved a breakthrough in screen-to-body ratio and visual aesthetics with ultra-elliptical corner design and 1.18mm narrow bezels [1] - The device adopts a pure flat screen design, which enhances the convenience of applying screen protectors and effectively reduces the risk of screen breakage compared to 2.5D curved screen models like the iPhone [1] - The phone's dimensions are controlled at 8.06mm in thickness and weighs only 191g, featuring a micro-arc transition design for a comfortable grip and lightweight feel [1] Group 2: Camera and Build Quality - The rear camera module incorporates iPhone-like cold-etched glass technology, creating a seamless design that significantly enhances the overall refinement of the device [3] - The Xiaomi 17 series will launch three models: the standard version as the "strongest small screen flagship," the Pro version focusing on "small size technology imaging peak," and the Pro Max version targeting the high-end market with "top-tier imaging technology flagship" positioning [3]

Core Insights - Xiaomi's founder Lei Jun announced his sixth annual speech scheduled for September 25, focusing on the theme of "Change" [1] - The speech will highlight significant advancements in Xiaomi's core businesses, specifically the Xiaomi automotive project and the Xiaomi玄戒 chip [1] - This year marks the 15th anniversary of Xiaomi's founding, and the company is undergoing unprecedented transformations, moving from a smartphone manufacturer to a leading global technology ecosystem [1] Group 1 - The annual speech will address the breakthroughs in Xiaomi's automotive production and the key technological advancements in the玄戒 chip [1] - Lei Jun expressed the pressure he feels during preparation, emphasizing the importance of engaging storytelling and resonating with the audience [1] - The upcoming speech is seen as a response to the growing curiosity about Xiaomi's future direction and strategic ambitions [1] Group 2 - Lei Jun confirmed that he will continue to hold annual speeches as long as there is an audience willing to listen [1] - The event is expected to reveal behind-the-scenes details of Xiaomi's technological challenges and achievements [1] - Anticipation for the speech is increasing among industry professionals and users alike as the date approaches [1]

Core Points - Xiaomi Group's CEO Lei Jun will hold his sixth annual speech on September 25, 2023, at 7 PM, with the theme "Change" [1][2] - The speech will focus on the development of Xiaomi's玄戒 chip and the story behind Xiaomi's automotive venture, generating significant interest from the industry and fans [1][2] - Last year's speech centered on "Courage," detailing the challenges faced in Xiaomi's decision to enter the automotive sector and the technological achievements made [1] Summary by Sections Annual Speech Details - Lei Jun's upcoming speech is highly anticipated, with a focus on the theme of "Change" [2] - The event will explore the development journey of Xiaomi's玄戒 chip and the automotive project [1][2] Previous Year’s Highlights - In the previous year's speech, Lei Jun discussed the difficult decision-making process for entering the automotive industry and the team's perseverance during the pandemic [1] - The speech also featured the launch of several new products, including the Xiaomi MIX Fold4, MIX Flip foldable phones, Redmi K70 Supreme Edition, and the Xiaomi SU7 Ultra prototype car [1] - The Xiaomi SU7 Ultra prototype car, equipped with a V8s motor, achieved a remarkable acceleration of 0 to 100 km/h in 1.97 seconds, with plans to challenge the Nürburgring Nordschleife [1]

Group 1 - Xiaomi's CEO Lei Jun announced the official launch of the Xiaomi 17 series on September 25, featuring three models: Xiaomi 17, Xiaomi 17 Pro, and Xiaomi 17 Pro Max [1] - The Xiaomi 17 is described as "the strongest standard flagship in Xiaomi's history," while the Xiaomi 17 Pro is termed "the most exquisite small-sized technology imaging flagship," and the Xiaomi 17 Pro Max is labeled "the strongest technology imaging flagship in Xiaomi's history" [1] - All models will be equipped with the new Xiaomi Surge OS 3, indicating a generational upgrade in product capabilities [1] Group 2 - Xiaomi Group's President Lu Weibing announced the upcoming release of the Xiaomi 17 series, with Lei Jun emphasizing that the series aims to compete directly with the iPhone [4] - Lei Jun will also hold the sixth annual speech on the same night, themed "Change," where he will share insights on the Xiaomi Surge chip and Xiaomi's automotive developments [4] - This year marks the 15th anniversary of Xiaomi's founding, with Lei Jun stating a long-term investment plan of at least 50 billion over ten years for chip development, supported by a research team of over 2,500 people and an expected R&D investment of over 6 billion this year [8]

Group 1 - The core theme of Xiaomi's upcoming annual presentation on September 25 is "Change," where the company will introduce the Xiaomi 17 series smartphones and potentially unveil news about the玄戒 chip and Xiaomi's automotive developments [1][4] - This year marks the 15th anniversary of Xiaomi, and CEO Lei Jun aims to communicate the company's significant transformations and breakthroughs in the automotive sector and the玄戒 chip during the presentation [4] - The Xiaomi 17 series will launch three models: Xiaomi 17, Xiaomi 17 Pro, and Xiaomi 17 Pro Max, featuring the new "妙享背屏" and the latest Snapdragon 8 Gen 2 mobile platform [4][6] Group 2 - The Xiaomi 17 standard version features a 6.3-inch ultra-oval R corner flat screen with a 1.18mm ultra-narrow bezel and weighs only 191g [6] - The Pro series models are expected to be priced between 5000 to 6000 and 6000 to 7000, with the potential for higher pricing based on demand [8] - The new Xiaomi Pad 8 series will include features such as split-screen quick switching and support for PC-level applications, enhancing user experience [10] Group 3 - The Xiaomi Pad 8 Pro will have an 11.2-inch LCD screen, 67W fast charging, and will run on the new 澎湃 OS3 system, boasting a high AnTuTu score of 3 million, indicating a 69% performance improvement over the previous generation [14]

Core Insights - Anta Sports made its first appearance on the Hong Kong Stock Connect active trading list in nearly a month on September 22, 2023 [2][3] - The total trading volume of active stocks on the Hong Kong Stock Connect reached HKD 446.44 billion, accounting for 32.80% of the day's total trading amount, with a net buying amount of HKD 77.54 billion [2] - Alibaba-W led the trading volume with HKD 90.45 billion, followed by SMIC and Shankai Holdings with HKD 89.67 billion and HKD 55.25 billion respectively [2] Trading Activity Summary - Anta Sports had a trading volume of HKD 8.08 billion and a net buying amount of HKD 1.23 billion, with a closing price of HKD 94.65, reflecting a daily decline of 2.22% [2][3] - The most frequently listed stocks in the past month include Alibaba-W and Meituan-W, each appearing 21 times, indicating strong interest from Hong Kong Stock Connect funds [2] - Other notable stocks on the active trading list include Tencent Holdings, Xiaomi Group W, and Huahong Semiconductor, with respective trading volumes of HKD 34.23 billion, HKD 28.92 billion, and HKD 7.91 billion [2][3]

Market Overview - On September 22, the Hang Seng Index fell by 0.76%, with southbound trading totaling HKD 136.09 billion, comprising HKD 74.41 billion in buying and HKD 61.68 billion in selling, resulting in a net buying amount of HKD 12.736 billion [1] Southbound Trading Details - Southbound trading through the Stock Connect (Shenzhen) recorded a total transaction amount of HKD 50.073 billion, with buying at HKD 27.328 billion and selling at HKD 22.745 billion, leading to a net buying of HKD 4.583 billion [1] - Southbound trading through the Stock Connect (Shanghai) had a total transaction amount of HKD 86.020 billion, with buying at HKD 47.087 billion and selling at HKD 38.933 billion, resulting in a net buying of HKD 8.154 billion [1] Active Stocks - Alibaba-W was the most actively traded stock with a total transaction amount of HKD 90.45 billion and a net buying of HKD 26.14 billion, while SMIC and Shankai Holdings followed with transaction amounts of HKD 89.67 billion and HKD 55.25 billion respectively [1] - The top net buying stock was the Tracker Fund of Hong Kong (盈富基金) with a net buying amount of HKD 28.64 billion, despite a closing price drop of 0.88% [1] - Meituan-W had the highest net selling amount of HKD 3.85 billion, with a closing price decline of 2.26% [1] Continuous Net Buying - Alibaba-W and Pop Mart were the only two stocks with continuous net buying for more than three days, with Alibaba-W having a total net buying of HKD 604.43 billion over 22 days, and Pop Mart with HKD 21.28 billion over 3 days [2] Summary of Active Stocks on September 22 | Code | Name | Transaction Amount (HKD million) | Net Buying (HKD million) | Daily Change (%) | | --- | --- | --- | --- | --- | | 02800 | Tracker Fund | 300062.61 | 286406.81 | -0.88 | | 09988 | Alibaba-W | 904530.67 | 261418.50 | 0.06 | | 02828 | Hang Seng China Enterprises | 86111.09 | 86061.50 | -1.48 | | 06088 | FITHONTENG | 240377.57 | 45123.01 | 17.83 | | 00412 | Shankai Holdings | 552511.40 | 42858.63 | 29.76 | | 00981 | SMIC | 896702.36 | 31778.65 | 5.16 | | 01810 | Xiaomi Group-W | 289237.11 | 15351.09 | -1.06 | | 00700 | Tencent Holdings | 342267.30 | 13464.57 | -0.23 | | 02020 | Anta Sports | 80758.47 | 12271.30 | -2.22 | | 01347 | Hua Hong Semiconductor | 79088.60 | 10589.67 | 3.57 | | 02228 | Crystal International | 158175.95 | 6579.02 | 8.06 | | 09992 | Pop Mart | 152325.56 | 1922.21 | -1.40 | | 03690 | Meituan-W | 382208.58 | -38469.29 | -2.26 | [2]

Market Overview - On September 22, the Hang Seng Index fell by 0.76%, closing at 26,344.14 points, while southbound funds through the Stock Connect recorded a net purchase of 12.736 billion HKD [2][5]. Trading Activity - The total trading volume for the Stock Connect on September 22 was 136.093 billion HKD, with a net purchase of 12.736 billion HKD. Specifically, the Shanghai Stock Connect had a trading volume of 86.020 billion HKD and a net purchase of 8.154 billion HKD, while the Shenzhen Stock Connect had a trading volume of 50.073 billion HKD and a net purchase of 4.583 billion HKD [2][3]. Active Stocks - In the Shanghai Stock Connect, the top active stock was SMIC, with a trading volume of 5.839 billion HKD, followed by Alibaba-W and Shankai Holdings, with trading volumes of 5.349 billion HKD and 4.155 billion HKD, respectively. The largest net purchase was in the Yingfu Fund, amounting to 2.864 billion HKD, despite its closing price dropping by 0.88% [2][3]. - In the Shenzhen Stock Connect, Alibaba-W led with a trading volume of 3.696 billion HKD, followed by SMIC and Tencent Holdings, with trading volumes of 3.128 billion HKD and 1.823 billion HKD, respectively. Alibaba-W also had the highest net purchase of 1.063 billion HKD, while Meituan-W recorded the largest net sell of 180 million HKD, closing down by 2.26% [3][4]. Stock Performance - The performance of key stocks included: - SMIC: Trading volume of 5.839 billion HKD, net sell of 9.108 million HKD, with a daily increase of 5.16% [3]. - Alibaba-W: Trading volume of 5.349 billion HKD, net buy of 1.551 billion HKD, with a daily increase of 0.06% [3]. - Shankai Holdings: Trading volume of 4.154 billion HKD, net buy of 248.74 million HKD, with a daily increase of 29.76% [3]. - Meituan-W: Trading volume of 2.193 billion HKD, net sell of 20.462 million HKD, with a daily decrease of 2.26% [3][4].