信达国际港股晨报快-20250917

Market Overview - The Hang Seng Index faces resistance at 26,822 points, with recent agreements between China and the US easing trade tensions and expectations of interest rate cuts in the US due to weakening employment data [1][3] - The Hong Kong stock market remains active with a positive risk appetite, as capital rotates among different sectors [1] Short-term Sector Outlook - Focus on upcoming US Federal Reserve interest rate decisions and Hong Kong's Policy Address [2] Macro Focus - Chinese Premier Li Qiang supports increased R&D investment by enterprises and research institutions, emphasizing the need for core technology capabilities [3][9] - Nine Chinese departments have issued policies to expand service consumption and attract more inbound spending [3][9] - The People's Bank of China conducted a reverse repurchase operation of 287 billion yuan, maintaining a rate of 1.4% [9] - The national passenger car inventory decreased to 3.16 million units by the end of August [9] - The world's largest UHVDC project, the Tibet-Guangdong project, has commenced construction, expected to transmit over 43 billion kWh of clean energy annually [9] Company News - Tencent Holdings issued 9 billion yuan in bonds, with proceeds intended for general corporate purposes [11] - Chery Automobile is launching an IPO to raise up to 9.15 billion yuan, with funds allocated for R&D and market expansion [11] - Alibaba's founder Jack Ma is reportedly returning to the company, focusing on AI and competing in the food delivery market [11] - Alibaba's Lazada has integrated with Tmall, allowing merchants to easily enter Southeast Asian markets [11]