
Market Performance - The Shanghai and Shenzhen stock markets opened higher on September 29, with significant gains in the afternoon driven by the securities sector [1] - The Shanghai Composite Index closed at 3862.53 points, up 0.90%, with a trading volume of approximately 968.2 billion [1] - The Shenzhen Component Index reached a new high, closing at 13479.43 points, up 2.05%, with a trading volume of about 1193.3 billion [1] - The ChiNext Index also hit a new closing high at 3238.01 points, up 2.74%, with a trading volume of around 574.7 billion [1] Sector Performance - Strong performance was noted in the lithium battery supply chain stocks during the morning session, with significant gains in sectors such as energy metals, non-ferrous metals, lithium mining, sodium batteries, solid-state batteries, engineering machinery, diversified finance, precious metals, steel, photovoltaic equipment, and insurance [1] - Conversely, sectors such as cultural education and leisure, chemical fiber, and coal experienced declines [1] Regulatory Developments - The China Household Electrical Appliances Association issued an initiative to eliminate disorderly price competition and promote a healthy market environment, emphasizing fair competition and high-quality development [3] - The association called for strict adherence to product quality standards and improved service levels across the industry, while opposing unfair competition practices [3] Drug Regulatory Oversight - The National Medical Products Administration announced intensified regulatory efforts in the pharmaceutical sector, focusing on traditional Chinese medicine, online sales, and medical aesthetics [4] - The administration aims to enhance clinical trial supervision and expedite the market entry of urgently needed drugs, while also tightening regulations in key areas [4]