信达国际港股晨报快-20250915

Market Overview - The Hang Seng Index faces resistance at 26,822 points, with recent developments indicating a temporary easing of trade tensions between China and the US, as both sides agreed to extend a 90-day tariff truce [2] - The US Federal Reserve's Chairman Powell suggested potential adjustments to policy stance due to changing risk balances, alongside weaker employment data raising expectations for interest rate cuts [5] - Hong Kong's market remains active with a positive risk appetite, as capital rotates across different sectors [2] Company News - Tencent Holdings (0700) updates its global medium-term note program to $30 billion [4] - Alibaba's Qwen3-Next model training costs have decreased by 90% [4] - Meituan (3690) has launched its first AI agent for public testing, allowing users to order food using simple language commands [4] - Zijin Mining International and Botai Car Networking have uploaded their post-hearing information sets [4] - Bafang Group (1263) has submitted a delisting application to the Hong Kong Stock Exchange [4] Economic Indicators - The US Federal Reserve maintained interest rates in July, citing a slowdown in economic activity and high uncertainty, while the labor market remains stable [5] - In August, non-farm payroll growth was significantly below expectations, leading to market predictions of a 0.25% rate cut in September and two additional cuts later in the year [5] - China's new loans in August were lower than expected, with total new loans for the first eight months reaching 13.46 trillion yuan, indicating a year-on-year growth of 6.8% [9] - The People's Bank of China conducted a 600 billion yuan reverse repurchase operation to maintain liquidity in the banking system [9] Sector Focus - The automotive sector is set to see a sales target of approximately 32.3 million vehicles in 2025, with a focus on increasing the sales of new energy vehicles by about 20% [10] - The Ministry of Industry and Information Technology has issued a plan to stabilize growth in the automotive industry, emphasizing the need for improved supply quality and expanded domestic consumption [10] - The Chinese government is taking measures to support private investment, focusing on easing entry barriers and enhancing market competition [10]