Group 1: Trade Relations and Economic Policies - The Ministry of Commerce of China announced that it will take necessary measures to safeguard its rights in response to the U.S. unilateralism, including imposing special port fees on U.S. vessels [5][6] - Following the U.S. announcement of a 100% tariff on China, global financial markets experienced significant turmoil, with the Dow Jones dropping 878 points (1.90% decline) and the Nasdaq falling 3.56%, resulting in a loss of approximately $700 billion in market value within three minutes of the announcement [6][8] - China's central bank has increased its gold reserves for the 11th consecutive month, with the gold reserves reaching 7.406 million ounces by the end of September, reflecting a month-on-month increase of 4,000 ounces [6][7] Group 2: Housing and Urban Development - The Minister of Housing and Urban-Rural Development, Ni Hong, stated that efforts are underway to transform old houses into "good houses" through renovation, focusing on five key aspects: good standards, good design, good materials, good construction, and good maintenance [7][8] - The shift in housing policy indicates a strategic transition towards improving existing urban infrastructure rather than merely expanding new developments, emphasizing quality of living over quantity [8] Group 3: Manufacturing and Economic Development - A joint implementation plan for promoting service-oriented manufacturing innovation from 2025 to 2028 has been released by seven government departments, aiming to enhance the integration of advanced manufacturing and modern services [9][10] - The plan outlines a roadmap for the next four years, with goals to strengthen the role of service-oriented manufacturing in high-quality development, including the establishment of 20 standards, 50 leading brands, and 100 innovation hubs by 2028 [10] Group 4: Tax Policies and Corporate Restructuring - The Ministry of Finance and the State Taxation Administration released guidelines on tax incentives for corporate mergers and acquisitions, aimed at reducing compliance costs and clarifying applicable policies for various types of restructuring [11] - The guidelines expand the scope of applicable entities to include "public institutions" and introduce clearer execution timelines, enhancing the accessibility of tax policies for businesses undergoing restructuring [11] Group 5: Foreign Exchange Reserves - China's foreign exchange reserves reached $33,387 billion by the end of September, marking an increase of $16.5 billion (0.5%) from the end of August, the highest level since December 2015 [12]

Core Viewpoint - The Ministry of Industry and Information Technology of China, along with six other departments, has issued an implementation plan aimed at promoting the innovative development of service-oriented manufacturing from 2025 to 2028, with a goal to create an upgraded version of service-oriented manufacturing by 2028 [1] Group 1: Objectives and Goals - By 2028, the plan aims to establish 20 standards, create 50 leading brands, and build 100 innovation development hubs, while widely promoting typical models of service-oriented manufacturing and continuously optimizing the industrial ecosystem [1] - The plan emphasizes the integration of manufacturing and services across various dimensions, enhancing the production service industry in key areas [1] Group 2: Definition and Importance - Service-oriented manufacturing is defined as a new industrial form that integrates services deeply into the entire lifecycle of manufacturing products, reshaping the value chain and extending the industrial chain [1] - Since 2016, service-oriented manufacturing has shown positive results, contributing to the high-quality development of the manufacturing sector, although challenges remain in technology supply, standardization, and application balance across industries [1] Group 3: Key Tasks - The implementation plan outlines seven main tasks, including strengthening key common technology research, fostering key production service industries, and promoting the application of service-oriented manufacturing models [2] - Key production service industries highlighted in the plan include technology services, industrial design, software and information services, production finance services, intellectual property services, and energy-saving and environmental protection services [2]

Core Viewpoint - The implementation plan for service-oriented manufacturing aims to enhance its role in high-quality development of the manufacturing industry by 2028, including the establishment of 20 standards, creation of 50 leading brands, and development of 100 innovation hubs [1] Group 1: Definition and Importance of Service-oriented Manufacturing - Service-oriented manufacturing involves the integration of service elements into manufacturing, transitioning from merely selling products to offering "products + services" [1] - Various service-oriented manufacturing models, such as customized services and lifecycle services, are widely adopted, enhancing product value [1] - Companies like Shaanxi Blower Group and Haier have successfully shifted towards service-oriented models, with Haier's scenario brand achieving over 5.1 billion yuan in transaction volume last year [1] Group 2: Challenges in Transitioning to Service-oriented Manufacturing - The transition to service-oriented manufacturing is complex, facing challenges such as weak supply capabilities for key technologies, an incomplete standard system, and difficulties in statistical monitoring [2] Group 3: Policy Support for Service-oriented Manufacturing - The implementation plan targets weaknesses in technology, standards, application scenarios, and industrial ecology, aiming to unleash the vitality of business entities and stimulate innovation [3] Group 4: Future Potential of Service-oriented Manufacturing - Service-oriented manufacturing has significant potential for stabilizing growth and expanding domestic demand, enhancing competitiveness and innovation in the manufacturing sector [4] - It addresses the shift in consumer demand from functional satisfaction to experience prioritization, contributing to a more comprehensive consumer experience [4] - The successful realization of service-oriented manufacturing's potential requires a collaborative effort, particularly a shift in manufacturing companies' operational thinking towards a customer-centric approach [4]

Key Points - The article discusses various important news and events affecting the market and specific companies, including new stock offerings, government responses to trade tensions, and significant corporate developments [8][9][11][12][26][27]. Group 1: Market and Economic Updates - A new stock, Marco Polo, is available for subscription today with a price of 13.75 yuan per share and a maximum subscription limit of 32,000 shares per account [8]. - The State Council Information Office will hold a press conference on October 13, 2025, to discuss import and export data for the first three quarters of 2025 [8]. - The Ministry of Commerce responded to the U.S. threat of imposing a 100% tariff, emphasizing that high tariffs are not the correct approach for U.S.-China relations and urging dialogue to resolve differences [8][9]. Group 2: Industry Developments - Seven departments, including the Ministry of Industry and Information Technology, released a plan to promote service-oriented manufacturing innovation from 2025 to 2028, focusing on enhancing information infrastructure and integrating AI with manufacturing [9]. - The retail sales of passenger cars in September reached 2.239 million units, a year-on-year increase of 6%, with cumulative sales for the year at 17.004 million units, up 9% [9]. - The Shanghai Stock Exchange reported that new A-share accounts opened in September totaled 2.9372 million, a month-on-month increase of over 280,000 accounts and a year-on-year increase of over 60% [9]. Group 3: Corporate News - Wentai Technology announced that its core semiconductor asset, Nexperia, is facing restrictions from the Dutch government, impacting its operations and management [11]. - The China Securities Regulatory Commission (CSRC) is taking administrative action against *ST Yuancheng for financial misconduct, proposing fines totaling 37.4546 million yuan and initiating delisting procedures due to significant violations [12]. - Several companies, including Hahai Huadong and Zhongzhou Special Materials, reported minimal revenue from nuclear fusion-related products during recent market fluctuations [14][18].

Core Viewpoint - The article discusses the emergence and significance of service-oriented manufacturing as a new industrial form that integrates manufacturing and services, aiming to enhance productivity and competitiveness in the manufacturing sector [1][4]. Group 1: Definition and Importance of Service-Oriented Manufacturing - Service-oriented manufacturing involves the integration of service elements into manufacturing, transitioning from merely selling products to offering "products + services" [1]. - The approach is becoming a crucial direction for manufacturing development, as evidenced by various companies implementing customized services and solutions [2]. Group 2: Current Applications and Impact - Companies like Shaanxi Blower (Group) Co., Ltd. and Haier Smart Home Co., Ltd. have successfully transitioned to providing engineering design and customized smart home solutions, respectively, with significant revenue contributions from service offerings [2]. - Data from the Ministry of Industry and Information Technology indicates that service business contributions to revenue growth for selected service-oriented manufacturing enterprises reached 60% [2]. Group 3: Challenges in Transition - The transition to service-oriented manufacturing is complex, facing challenges such as weak supply capabilities for key technologies, lack of a robust standard system, and difficulties in statistical monitoring [3]. Group 4: Policy Support and Future Goals - The government has emphasized the importance of policy innovation to support the development of service-oriented manufacturing, with specific goals set for 2028, including the establishment of 20 standards and the creation of 50 leading brands [4]. - The implementation plan outlines seven main tasks and three special actions to address technological, standardization, and application challenges [4]. Group 5: Potential for Growth - Service-oriented manufacturing holds significant potential for stabilizing growth and expanding domestic demand, as it enhances manufacturing competitiveness and meets evolving consumer preferences for experience over mere functionality [5]. - Experts suggest that the shift towards service-oriented manufacturing can provide consumers with a more comprehensive and convenient experience, thereby stimulating consumption [5]. Group 6: Need for Collaborative Efforts - To fully realize the potential of service-oriented manufacturing, a collaborative effort is required, particularly in shifting manufacturing companies' operational mindset from product-centric to customer-centric approaches [6].

Market Performance - A-shares showed mixed performance in the first two trading days after the National Day holiday, with the Shanghai Composite Index closing at 3897.03 points, up 0.37%, while the Shenzhen Component Index and the ChiNext Index fell by 1.26% and 3.86% respectively [2][3] - Over 54% of stocks rose during the week, with 47 stocks gaining over 15% and 14 stocks dropping more than 15% [2] International Market Trends - Major U.S. stock indices experienced significant declines on October 10, with the Dow Jones down 878.82 points (1.90%), the S&P 500 down 182.60 points (2.71%), and the Nasdaq down 820.20 points (3.56%) [3][5] - European stock indices also fell, with the FTSE 100 down 81.93 points (0.86%), the CAC 40 down 123.36 points (1.53%), and the DAX down 369.79 points (1.50%) [4] Commodity Prices - International oil prices saw a notable decline, with WTI crude oil falling by $2.61 to $58.90 per barrel (down 4.24%) and Brent crude down $2.49 to $62.73 per barrel (down 3.82%) [4] Regulatory Developments - The Chinese Ministry of Commerce responded to the U.S. announcement of a 100% tariff on certain Chinese exports, emphasizing that China's export control measures are a normal legal action to safeguard national security [6] - The Chinese government criticized the U.S. for its discriminatory practices and excessive use of export controls, which it claims harm legitimate business interests and disrupt international trade [6] Industry Insights - The Shanghai government announced measures to accelerate the development of industries such as silicon photonics, 6G, fourth-generation semiconductors, and brain-like intelligence [9] - The Ministry of Housing and Urban-Rural Development reported that the approved loan amount for white list projects has exceeded 7 trillion yuan, supporting the construction and delivery of commercial housing projects [10] Trust Industry Updates - Trust companies have been instructed to investigate their reverse repurchase leverage ratios and ensure compliance with regulatory limits [11] Service-Oriented Manufacturing - A new implementation plan aims to enhance the role of service-oriented manufacturing in high-quality development by 2028, focusing on key tasks such as technology innovation and standard system construction [12][13] Market Outlook - Analysts predict that the market will continue its upward trend, supported by stable inflows of capital and expected earnings growth in the third quarter [18]

Group 1 - The Ministry of Commerce stated that China's export control on rare earths is not a ban, and applications that meet regulations will be permitted [1] - The Ministry of Commerce expressed that high tariffs imposed by the U.S. are not the correct approach to engage with China, emphasizing that China is unwilling to fight but is not afraid to do so [1] - The Ministry of Commerce urged the U.S. to reconsider its actions regarding the 301 investigation into China's shipbuilding industry and to seek solutions through equal consultation and cooperation [1] Group 2 - The Ministry of Industry and Information Technology and six other departments released a plan to promote service-oriented manufacturing innovation from 2025 to 2028, focusing on enhancing new information infrastructure and the integration of 5G and industrial internet [3] - The Ministry of Housing and Urban-Rural Development reported that the approval amount for loans on the national whitelist projects has exceeded 7 trillion yuan, effectively supporting the construction and delivery of commercial housing projects [4] Group 3 - The China Securities Regulatory Commission announced adjustments to the margin trading and securities lending ratios for certain stocks, effective from October 13 [9] - Semiconductor companies like SMIC and Baidu Storage saw their margin trading ratios adjusted to 70% and 50%, respectively [9] Group 4 - Qualcomm is under investigation by China's market regulator for failing to legally declare its acquisition of Autotalks, which may violate the Anti-Monopoly Law [10] - The National Tobacco Monopoly Administration is conducting a disciplinary review and investigation into its deputy director for serious violations [11] Group 5 - Companies such as SystImmune and Bristol-Myers Squibb have triggered a milestone payment of $250 million due to their collaboration [13] - Mingyang Smart Energy plans to invest 14.21 billion yuan to establish the UK's first integrated wind turbine manufacturing base in Scotland [13] Group 6 - Several companies reported significant increases in net profits for the first three quarters, including Northern Rare Earth with a projected increase of 273%-287% [14] - Allwinner Technology expects a net profit increase of 213%-307% in the third quarter [14] Group 7 - The U.S. stock market saw declines, with the Dow Jones falling by 1.9% and the Nasdaq dropping by 3.56%, marking the largest single-day drop since April [20] - Gold prices reached a historical high, surpassing $4,060 per ounce, with domestic gold jewelry prices exceeding 1,180 yuan per gram [21]

第一财经每日早间精选热点新闻，点击「听新闻」，一键收听。 【今日推荐】 特朗普：若俄乌冲突无法解决 可能会供乌"战斧" 当地时间12日，美国总统特朗普表示，若俄乌冲突无法解决，他可能会向乌克兰提供"战斧"导弹。 对高通公司立案调查 市场监管总局：相关事实清楚、证据确凿 市场监管总局反垄断二司负责人就对高通公司违反《中华人民共和国反垄断法》立案调查事回答了记者提 问。2023年5月，高通公司宣布收购Autotalks公司。2024年3月12日，市场监管总局根据《反垄断法》第二十 六条规定，书面通知高通公司要求其进行申报，未申报或者申报后获得批准前不得实施集中。2025年6月， 高通公司在未进行申报、也未与市场监管总局作任何沟通的情况下，完成对Autotalks公司的收购。接到举报 后，市场监管总局进行了核实，高通公司也承认了相关事实。在相关事实清楚、证据确凿的基础上，市场 监管总局依法对高通公司收购Autotalks公司违法实施经营者集中事宜进行立案调查。 加沙地带停火协议第一阶段生效 以称准备好接收所有被扣押人员 以色列与巴勒斯坦伊斯兰抵抗运动（哈马斯）将于13日开始进行被扣押人员互换。有以色列媒体称，以方 ...

Core Viewpoint - The Ministry of Industry and Information Technology and six other departments have released the "Implementation Plan for Promoting Innovative Development of Service-Oriented Manufacturing (2025-2028)", aiming to enhance the integration of "5G + industrial internet" and establish a service-oriented manufacturing upgrade by 2028 [1][3]. Group 1: Objectives and Goals - By 2028, the plan aims to complete the formulation of 20 standards, create 50 leading brands, and establish 100 innovation development highlands, with a focus on enhancing the role of service-oriented manufacturing in high-quality development of the manufacturing sector [3]. - The plan emphasizes the widespread adoption of typical service-oriented manufacturing models and the continuous emergence of new models, optimizing the industrial ecosystem and promoting rapid development of productive service industries [3]. Group 2: Key Tasks and Actions - The plan outlines seven main tasks, including strengthening key common technology research, promoting the development of productive service industries, and establishing a service-oriented manufacturing standard system [3][4]. - Three special actions are proposed: enhancing service-oriented manufacturing brand promotion, conducting innovative demonstration actions for integrated application scenarios, and fostering shared manufacturing [2][3]. Group 3: Implementation Strategies - The plan encourages enterprises to increase innovation investment and focuses on common technology breakthroughs in areas such as demand perception, integrated R&D design, and intelligent operation monitoring [4]. - It aims to strengthen cooperation among leading enterprises and their upstream and downstream partners, establishing stable collaborative relationships in production, supply, and sales [4].

Core Viewpoint - The Ministry of Industry and Information Technology, along with six other departments, has released the "Implementation Plan for Deepening the Innovation and Development of Service-Oriented Manufacturing (2025-2028)", emphasizing the integration of manufacturing and services as a key direction for the development of the manufacturing industry [1][2]. Summary by Sections Development of Service-Oriented Manufacturing - Since 2016, the Ministry of Industry and Information Technology has implemented various guidelines to promote service-oriented manufacturing, achieving positive results that enhance the high-quality development of the manufacturing sector [2]. - However, challenges remain, including weak supply capabilities of key technologies, an incomplete standard system, uneven application of typical models across industries, and difficulties in statistical monitoring [2]. Goals of the Implementation Plan - By 2028, the role of service-oriented manufacturing in high-quality development will be further enhanced, with goals to establish 20 standards, create 50 leading brands, and build 100 innovation development hubs [2]. - The plan aims to optimize resource allocation, expand new development spaces, extend industrial chains, and enhance value chains, laying a solid foundation for a service-oriented manufacturing system with Chinese characteristics and global standards [2]. Key Tasks and Actions - The plan outlines seven main tasks, including strengthening key common technology research, promoting the growth of key productive service industries, and advancing the construction of a unified standard system [4][5]. - Three special actions are proposed: enhancing shared manufacturing platforms, improving service-oriented manufacturing brand recognition, and innovating application scenarios [7]. Industry Expert Insights - Experts highlight that the integration of advanced manufacturing and modern services through service-oriented manufacturing breaks traditional industry boundaries, optimizing resource allocation and promoting collaborative development [3][6]. - The development of key productive service industries is seen as foundational for achieving high-quality service-oriented manufacturing, creating a precise industrial ecosystem [6][7].