Market Overview - On September 3, 2025, the A-share market showed mixed results, with the Shanghai Composite Index closing at 3813.56 points, down 1.16%, while the Shenzhen Component Index fell 0.65% to 12472 points, and the ChiNext Index rose 0.95% to 2899.37 points. Over 4500 stocks declined, with total trading volume at 2.36 trillion yuan, a decrease of 510 billion yuan from the previous trading day [1] - The Hong Kong stock market experienced a downward trend, with the Hang Seng Index closing at 25343.43 points, down 0.6% or 153.12 points, and total trading volume at 26.76 billion HKD. The Hang Seng China Enterprises Index and the Hang Seng Tech Index also fell by 0.64% and 0.78%, respectively [1] - In the U.S. stock market, the performance was mixed, with the Nasdaq Composite Index rising over 1% due to strong performances from Google and Apple. The Dow Jones Index fell 0.05% to 45271.23 points, while the S&P 500 Index increased by 0.51% to 6448.26 points [1] Important News - On September 3, 2025, the Ministry of Finance and the People's Bank of China held their second joint meeting to enhance the coordination of fiscal and monetary policies. The meeting acknowledged the achievements since the establishment of the joint working group last year and discussed topics such as financial market operations, government bond issuance management, and the offshore RMB bond issuance mechanism. Both parties agreed that the collaboration between fiscal and monetary policies is crucial for addressing the current complex market environment and supporting economic recovery [1] Investment Sentiment - On September 3, 2025, a senior executive from Goldman Sachs expressed optimism about the Chinese stock market, noting a significant improvement in investor sentiment. The executive highlighted that the current rebound in the Chinese stock market has solid support, with inflows from hedge funds improving. A major driving force behind the market's rise is the large number of retail investors with substantial savings [2]