A-share Market Performance - A-shares saw collective gains across the three major indices from September 22 to September 26, with the Shanghai Composite Index closing at 3828.11 points, up 0.21% for the week [2][3] - The Shenzhen Component Index closed at 13209.00 points, up 1.06%, while the ChiNext Index ended at 3151.53 points, up 1.96% [2][3] - Over 30% of stocks experienced gains during the week, with 126 stocks rising over 15% and 50 stocks declining over 15% [2] Sector Performance - According to the Shenwan industry classification, sectors such as electric equipment, non-ferrous metals, electronics, environmental protection, media, and public utilities saw increases [2] - Conversely, sectors including social services, comprehensive, retail, light industry manufacturing, and textiles and apparel experienced declines [2] International Market Overview - The New York stock market indices rose on September 26, with the Dow Jones Industrial Average increasing by 299.97 points to close at 46247.29 points, a gain of 0.65% [4][5] - The S&P 500 index rose by 38.98 points to 6643.70 points, up 0.59%, and the Nasdaq Composite increased by 99.37 points to 22484.07 points, up 0.44% [4][5] - European indices also saw gains, with the FTSE 100 rising by 70.85 points to 9284.83 points, up 0.77%, and the CAC 40 increasing by 75.26 points to 7870.68 points, up 0.97% [4][5] Commodity Prices - International oil prices increased, with light crude oil futures for November delivery rising by $0.74 to $65.72 per barrel, a gain of 1.14% [4][5] Economic Policies and Initiatives - The State-owned Assets Supervision and Administration Commission (SASAC) held a meeting to discuss the economic operation of state-owned enterprises, focusing on stabilizing electricity and coal prices and preventing excessive competition [6] - The Ministry of Commerce announced that starting January 1, 2026, export licenses will be required for pure electric passenger vehicles to promote healthy trade in new energy vehicles [6] - The People's Bank of China suggested enhancing monetary policy regulation to improve effectiveness and match monetary supply growth with economic growth [7][8] Industry Growth Plans - The Ministry of Industry and Information Technology (MIIT) and other departments issued a growth plan for the non-ferrous metals industry, targeting an average annual growth of around 5% in value added from 2025 to 2026 [9] - A similar plan for the petrochemical industry was also released, emphasizing policy support and financial backing for technological innovation and equipment upgrades [9] Industrial Profit Trends - From January to August, profits of large-scale industrial enterprises in China grew by 0.9%, reversing a previous decline, with significant growth observed in August [10] Market Outlook - Analysts from Everbright Securities expect the A-share market to continue rising post-holiday, with a focus on the TMT sector as a key driver [11] - Open-source Securities suggests a dual-driven market with technology leading, and recommends focusing on high P/E stocks as the market transitions [11][12]