Core Viewpoint - The article discusses the extensive experience of a partner at RIA Advisors, highlighting a contrarian approach to investment analysis and commentary on market and economic trends [1] Group 1: Company Overview - RIA Advisors is based in Houston, Texas, and focuses on investment management, private banking, and venture capital [1] - The company publishes a weekly subscriber-based newsletter, RIA Pro, which covers economic, political, and market topics relevant to investors [1] Group 2: Investment Philosophy - The investment philosophy emphasizes a common-sense approach and clear explanations, often diverging from mainstream views [1] - The managing partner's experience spans over 25 years, providing a wealth of knowledge in analyzing investor psychology and macroeconomic factors [1] Group 3: Communication and Outreach - The company maintains a daily blog that reaches thousands of readers, including both individual and professional investors [1] - The newsletter and blog serve as platforms for disseminating insights on how economic and political developments impact personal finance and investment strategies [1]

Core Insights - The article addresses common investment challenges such as market volatility, missing out on quality stocks, and ineffective style switching, emphasizing the need for a solution [1] - "Investment Hui" is introduced as a professional platform designed to help investors navigate these challenges by providing expert insights and practical strategies [1] Group 1: Investment Challenges - Investors are often trapped by market fluctuations and unclear directions, leading to difficulties in making informed decisions [1] - The inability to identify industry trends and quality investment opportunities results in missed chances for profit [1] - Style switching can lead to poor performance, making stable profits seem unattainable [1] Group 2: Investment Hui Offerings - "Investment Hui" features top-tier experts including chief economists, strategy analysts, and industry researchers who provide valuable insights [1] - The platform offers two participation plans to cater to different investor needs, promoting a structured approach to investment learning [1] - Key benefits include direct access to expert analysis, real-time interaction during live sessions, and practical application of learned methods in actual investments [1] Group 3: Pricing and Packages - A limited-time package is available for 1999 yuan, offering access to four live sessions, interactive Q&A, and lifetime access to recorded content [1] - Individual session purchases are priced at 799 yuan, allowing investors to select specific topics of interest [1]

Core Viewpoint - The article emphasizes the challenges investors face in navigating market volatility, identifying industry trends, and achieving stable profits, while introducing "Investment Hui" as a solution to these investment dilemmas [1]. Group 1: Investment Hui Offerings - "Investment Hui" provides three core benefits aimed at enhancing investment learning and decision-making [2]. - Two participation plans are available to cater to different needs: a four-session package priced at 1999 yuan (originally 2599 yuan) that includes access to four live sessions, real-time interaction, and permanent playback [4]. - A single session can be purchased for 799 yuan, allowing participants to choose one out of four live sessions, which includes interaction and playback options [6]. Group 2: Professional Value and Learning Outcomes - The program features insights from top analysts who simplify institutional-level research logic for participants [5]. - The live interaction aspect is highlighted as a unique opportunity for real-time Q&A with experts, ensuring participants do not miss out on valuable insights [5]. - The learning outcomes are designed to be practical, enabling participants to apply the knowledge gained directly to their investment strategies [5].

Report Information - Report Date: September 27, 2025 [1] - Report Title: High - frequency Economic Weekly (2025.9.21 - 2025.9.27) [3] - Analysts: Huang Weiping, Luan Qiang [1] - Research Support: Wang Zheyi [1] Industry Investment Rating No industry investment rating information is provided in the report. Core View The report shows that personnel flow has declined while demand has improved month - on - month. Industrial production is generally stable, personnel and freight flows have changed, consumption shows a mixed picture, investment in construction and the real - estate market has improved, exports have seen some fluctuations, and there have been some important policies and events during the period [3]. Summary by Directory 1. Big - class Assets - This week, bond indices generally declined. The China Bond 7 - 10 - year China Development Bank Bond Index fell the most, with a weekly decline of 0.19%. - Most stock indices rose. The Science and Technology Innovation 50 Index rose the most, with a weekly increase of 6.47%. - Commodities showed mixed performance. The Nanhua Precious Metals Index rose the most, with a gain of 4.48%, while the Nanhua Black Index fell the most, with a decline of 1.95%. - Most foreign currencies depreciated against the RMB. The Japanese yen had the largest decline, with a weekly decline of 0.95%, and the US dollar appreciated against the RMB, with a weekly increase of 0.31% [3] 2. Industrial Production - Production is marginally stable. From the upstream, the weekly coal consumption in the national power plant sample area decreased by 1.27% month - on - month, the weekly operating rate of petroleum asphalt plants increased by 5.70 pcts to 40.10%, the weekly blast furnace operating rate increased by 0.47 pcts to 84.47%, and the weekly crude steel output decreased by 0.67%. - In the real - estate chain, the weekly operating rate of rebar decreased by 2.31 pcts to 40.65%, the operating rate of float glass remained flat at 76.31% compared with last week, and the mill operation rate remained flat at 38.55% compared with last week. - In the consumer goods chain, the operating rate of polyester filament remained flat at 91.54% compared with last week, the PTA operating rate decreased by 0.81 pcts to 76.48%, and the methanol operating rate increased by 0.12 pcts to 79.51%. - In the automotive chain, the operating rate of automobile semi - steel tires decreased by 0.08 pcts to 73.58%, and the operating rate of automobile all - steel tires increased by 0.06 pcts to 65.72% [3] 3. People and Goods Flow - Personnel flow has significantly declined. The 7 - day moving average (7DMA) of the national migration scale index decreased by 7.21% week - on - week. The 7DMA of domestic flight operations decreased by 2.93% week - on - week, and the 7DMA of international flight operations decreased by 1.01% week - on - week. The passenger volume in Beijing and Shanghai increased, while the subway passenger volume in Guangzhou and Shenzhen decreased. - Freight prices decreased slightly. The 4 - week moving average (4WMA) of the road logistics freight rate index decreased by 0.04% week - on - week, and the total volume was higher than the same period in previous years [3] 4. Consumption - Automobile wholesale and retail sales increased year - on - year. In the previous period, the year - on - year growth rates of passenger car market wholesale and retail sales were 6.00% and 9.00% respectively, and both the 4WMA of the wholesale year - on - year growth rate and the 4WMA of the retail year - on - year growth rate increased. - The film box office and the number of moviegoers decreased. The weekly film box office decreased by 55% week - on - week, and the 7DMA of the number of moviegoers decreased by 55% week - on - week. - Agricultural product prices showed a mixed performance. The weekly price of pork decreased by 0.31%, while the weekly price of vegetables increased by 4.23% [3] 5. Investment - Construction showed good performance. The weekly cement inventory - to - capacity ratio increased by 0.4 pcts, the weekly cement price index increased by 2.97%, and the weekly cement shipment rate increased by 0.4 pcts. The rebar inventory decreased by 2.8% week - on - week, the proportion of profitable steel mills nationwide decreased by 0.9 pcts week - on - week, and the apparent demand for rebar increased by 5.0% week - on - week. - The real - estate market improved. The 7DMA of the commercial housing transaction area in 30 large and medium - sized cities increased by 21.2% week - on - week. The transaction areas of first - tier, second - tier, and third - tier cities all increased. The 7DMA of the second - hand housing transaction area in 16 cities increased by 1.6% week - on - week, and the national second - hand housing listing price index decreased by 0.1% week - on - week. The land transaction area in 100 cities increased, and the land transaction premium rate decreased week - on - week [3] 6. Exports - Port throughput increased slightly. The weekly port cargo throughput increased by 0.1%, and the weekly container throughput increased by 0.2%. - Most shipping indices declined. The BDI index increased by 2.54% week - on - week, while the SCFI index and the CCFI index decreased by 6.98% and 2.93% respectively week - on - week [3] 7. Important Policies/Events - On September 22, the LPR quotation remained unchanged. - On September 22, the State Council Information Office held a press conference to introduce the development of the financial industry during the 14th Five - Year Plan period, without involving short - term policy adjustments. - On September 24, the central bank announced an operation of 600 billion MLF on September 25. - On September 26, the central bank's third - quarter monetary policy meeting continued to emphasize a "moderately loose" monetary policy [3]

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The overall industrial production is stable, with some indicators showing upward trends and others showing downward trends. Personnel flow has significantly declined, and freight prices have slightly decreased. Automobile sales have increased year-on-year, and price performance is differentiated. Construction is performing well, and the commercial housing market has improved. Port throughput has increased, while most shipping indices have declined. Bond indices have generally fallen, most stock indices have risen, commodities have shown mixed performance, and most foreign currencies have depreciated [1]. Summary According to the Table of Contents 1. Large - scale Assets - This week, bond indices generally declined, most stock indices rose, commodities showed mixed performance, and most foreign currencies depreciated. The China Bond 7 - 10 - year China Development Bank Bond Index fell the most, with a weekly decline of 0.19%. The Sci - tech Innovation 50 Index rose the most, with a weekly increase of 6.47%. The Nanhua Precious Metals Index rose the most among commodities, with a gain of 4.48%, while the Nanhua Black Index fell the most, with a decline of 1.95%. Most foreign currencies depreciated against the RMB, with the Japanese yen having the largest decline of 0.95%, and the US dollar appreciated against the RMB, with a weekly increase of 0.31% [1][6]. 2. Industrial Production - Production is marginally stable. From the upstream perspective, the weekly coal consumption in the national power plant sample area decreased by 1.27% week - on - week, the operating rate of petroleum asphalt plants increased by 5.70 pcts to 40.10% week - on - week, the blast furnace operating rate increased by 0.47 pcts to 84.47% week - on - week, and the crude steel output decreased by 0.67% week - on - week. In the real estate chain, the rebar operating rate decreased by 2.31 pcts to 40.65% week - on - week, the float glass operating rate remained flat at 76.31% compared with last week, and the mill operating rate remained flat at 38.55% compared with last week. In the general consumer goods chain, the polyester filament operating rate remained flat at 91.54% compared with last week, the PTA operating rate decreased by 0.81 pcts to 76.48% week - on - week, and the methanol operating rate increased by 0.12 pcts to 79.51% week - on - week. In the automotive chain, the operating rate of automobile semi - steel tires decreased by 0.08 pcts to 73.58% week - on - week, and the operating rate of automobile all - steel tires increased by 0.06 pcts to 65.72% week - on - week [1][9]. 3. People and Goods Flow - Personnel flow has significantly declined, and freight prices have slightly decreased. The 7 - day moving average (7DMA) of the national migration scale index decreased by 7.21% week - on - week. The 7DMA of the number of domestic flights decreased by 2.93% week - on - week, and the 7DMA of the number of international flights decreased by 1.01% week - on - week. The passenger volumes in Beijing and Shanghai increased, while the subway passenger volumes in Guangzhou and Shenzhen decreased. The 4 - week moving average (4WMA) of the road logistics freight rate index decreased by 0.04% week - on - week, and the total volume was higher than the same period in previous years [1][32]. 4. Consumption - Automobile sales have increased year - on - year, and price performance is differentiated. Both the year - on - year wholesale and retail sales of automobiles increased. In the previous period, the year - on - year sales of passenger cars in the wholesale and retail markets increased by 6.00% and 9.00% respectively compared with last year, and both the 4WMA of the year - on - year wholesale growth rate and the 4WMA of the year - on - year retail growth rate increased. The weekly box office of movies decreased by 55% week - on - week, and the 7DMA of the number of moviegoers decreased by 55% week - on - week. Agricultural product prices showed differentiation, with the pork price decreasing by 0.31% week - on - week and the vegetable price increasing by 4.23% week - on - week [1][46]. 5. Investment - Construction is performing well, and the commercial housing market has improved. The cement inventory - to - capacity ratio increased by 0.4 pcts week - on - week, the cement price index increased by 2.97% week - on - week, and the cement shipment rate increased by 0.4 pcts week - on - week. The rebar inventory decreased by 2.8% week - on - week, the proportion of profitable steel mills nationwide decreased by 0.9 pcts week - on - week, and the apparent demand for rebar increased by 5.0% week - on - week. Overall, the terminal demand for construction is performing well. The 7DMA of the commercial housing transaction area in 30 large - and medium - sized cities increased by 21.2% week - on - week. By city tier, the commercial housing transaction areas in first - tier, second - tier, and third - tier cities all increased. The 7DMA of the second - hand housing transaction area in 16 cities increased by 1.6% week - on - week, and the national second - hand housing listing price index decreased by 0.1% week - on - week. The land transaction area in 100 cities increased, and the land transaction premium rate decreased week - on - week [1][55]. 6. Export - Port throughput has increased slightly, and most shipping indices have declined. The weekly port cargo throughput increased by 0.1% week - on - week, and the container throughput increased by 0.2% week - on - week. The BDI index increased by 2.54% week - on - week, while the SCFI index and CCFI index decreased by 6.98% and 2.93% respectively week - on - week [1][73].

Core Points - President William Ruto of Kenya departed for New York on September 20 to attend the 80th United Nations General Assembly, focusing on multilateralism and advocating for reforms in the global financial system [1] - Ruto aims to promote inclusive reforms within the United Nations and address global peace and security challenges, particularly in regions like Sudan, South Sudan, the Democratic Republic of the Congo, Somalia, and Haiti [1] - The agenda includes advocating for African representation in the UN Security Council, where Africa currently holds only non-permanent member seats [1] - During the high-level meetings, Kenya will also discuss the multinational security support mission for Haiti [1] - The General Assembly runs from September 9 to September 29, with the high-level segment from September 22 to 29 being the core focus [1] - Ruto plans to strengthen bilateral relations with the United States and other countries, seeking new partnerships to promote investment, innovation, and sustainable growth [1]

Group 1 - The event held on September 26 in Shenyang focused on economic and trade cooperation between Liaoning Province and Mongolia, attracting over 50 Mongolian guests [1] - The event highlighted Liaoning's advantages in foreign trade layout, industrial development direction, and policy environment, while Mongolian representatives introduced their investment environment [1] - Four cooperation projects in the fields of economy and education were signed during the event [1] Group 2 - The Liaoning Fair featured a dedicated Mongolian national pavilion for the first time, showcasing 11 companies organized by the Mongolian Chamber of Commerce with products such as cashmere clothing, liquor, beer, organic skincare, canned beef, and whey sugar [1] - Cultural performances including horsehead fiddle, throat singing, and long tune attracted a large audience, facilitating discussions and procurement [1] - Key attendees included Vice Governor Li Qiang from Liaoning and significant Mongolian figures such as the Governor of Suhebaatar Province and the President of the Chamber of Commerce, who delivered speeches [1]

Group 1 - The atmosphere of the offline meeting in Shanghai was notably positive, largely attributed to Tesla's strong performance, with one-third of attendees owning a Tesla and the rest expressing admiration [2] - The meeting included a review of key decisions made in the first half of the year, such as the strategic buying of the Nasdaq and Philadelphia Semiconductor in April, the shift in outlook for the A-share market, and the belief in an improving economic cycle in China [2] - Future predictions and judgments were shared, along with an internal research methodology aimed at identifying the next major companies like Amazon, Tesla, Apple, and Nvidia, referred to as "Lao Xu's Business Cycle Model" [2] Group 2 - Investment and asset allocation are crucial for long-term wealth growth, with insights from two financial planners discussing three major asset transfer trends and the current real estate market [3] - Specific asset planning cases were presented, providing practical advice that resonated with attendees [3] - Successfully managing investment and asset allocation can position families to achieve stable asset growth, with the potential to outperform over 90% of the population [5] Group 3 - The company will take a break from offline meetings in October, with plans to announce the November meeting location once confirmed [8]

Group 1 - The article introduces Nikkei BP, a leading B2B media company in Japan, established in April 1969, focusing on management, professional technology, and lifestyle [3]. - Nikkei BP aims to meet diverse customer needs through its specialized content in the aforementioned fields [3]. Group 2 - The article promotes a book titled "Investing is Surprisingly Interesting," which serves as a guide for beginners in the stock market, emphasizing the importance of understanding stock price movements and market dynamics [6]. - The book targets individuals looking to achieve stable returns in investments and aims to equip them with necessary skills and knowledge applicable beyond the stock market [6].

Group 1 - The forum "Phoenix Bay Area Finance Forum 2025" was held in Guangzhou, focusing on the theme "New Pattern, New Path" and gathering global elites from politics, business, and academia to explore development trends [1] - Lin Yuan, Chairman of Shenzhen Linyuan Investment, participated in the forum and discussed the significant increase in production efficiency across various industries due to advancements in technology [2] - Lin Yuan predicted that if productivity and efficiency expand by 100 times driven by technologies like artificial intelligence, money will become meaningless, and the value of spiritual and experiential assets will surpass that of material wealth [2]