利好密集来袭！“中国版英伟达”过会

Monetary Policy and Market Stability - The People's Bank of China (PBOC) held its 110th Monetary Policy Committee meeting, emphasizing the need for proactive and targeted monetary policy to stabilize the capital market and enhance liquidity [1][2] - The meeting highlighted the importance of guiding large banks to support the real economy and ensuring that small and medium-sized banks focus on their core responsibilities [2] Economic Data Improvement - In August, profits of large industrial enterprises increased by 20.4% year-on-year, reversing a previous decline of 1.5% in July, indicating a positive trend in the industrial sector [3] - Cumulative profits from January to August showed a slight increase of 0.9% year-on-year, reflecting the effectiveness of macroeconomic policies and a unified national market [3] Policy Support for Key Industries - Multiple government departments issued support policies for various sectors, including non-ferrous metals, artificial intelligence in transportation, and the digital economy, aiming to enhance investment precision and effectiveness [4][5] - The Ministry of Industry and Information Technology and other agencies released plans to stabilize growth in the petrochemical industry, focusing on high-end supply and key product breakthroughs [5] Bond Market Developments - The PBOC, along with the China Securities Regulatory Commission and the State Administration of Foreign Exchange, announced support for foreign institutional investors to engage in bond repurchase transactions, enhancing liquidity management in the bond market [6] - This initiative is seen as a significant step towards the high-level opening of China's bond market, increasing the attractiveness of RMB-denominated bonds [6] IPO and Market Activity - The Shanghai Stock Exchange approved the IPO application of Moore Threads, which aims to become the first domestic GPU company listed, reflecting improved efficiency in the review process for technology companies [7] - Zhongji Xuchuang announced a share reduction plan by its major shareholder and declared a cash dividend, indicating ongoing corporate actions in the market [8] Upcoming Market Events - The National Bureau of Statistics is set to release the PMI report, with market attention on whether the index can return to the expansion zone after recording 49.4 in August [11] - The U.S. government faces a potential shutdown, which could impact global markets, alongside the upcoming non-farm payroll report critical for assessing future interest rate paths [11]