Group 1 - The U.S. stock market experienced a collective decline, with the Dow Jones down 0.19%, Nasdaq down 0.95%, and S&P 500 down 0.55%, driven by significant drops in major tech stocks like Oracle, Amazon, and Nvidia [5][6] - International oil prices surged, with WTI crude oil rising by 2.2% to $63.65 per barrel and Brent crude oil increasing by 1.85% to $67.19 per barrel [7] - The People's Bank of China Governor Pan Gongsheng met with Ray Dalio, founder of Bridgewater Associates, to discuss international economic conditions and financial market dynamics [9] Group 2 - The State Administration for Market Regulation announced the upcoming release of the "Live E-commerce Supervision Management Measures" to enhance regulation and protect consumer rights in the live e-commerce sector [11] - The National Energy Administration reported that China's total electricity consumption in August reached 10,154 billion kWh, a year-on-year increase of 5.0% [11] - Huawei's HarmonyOS announced the launch of the new model "Shangjie H5" starting at 159,800 yuan, with pre-orders exceeding 160,000 units, and the "Wenjie M7" starting at 279,800 yuan with pre-orders surpassing 230,000 units [19][20] Group 3 - Tianhong Fund announced a reduction in the custody fee rate for its Yu'ebao money market fund from 0.08% to 0.07%, effective September 23, 2025, aimed at enhancing investor returns [23] - Ford China announced the establishment of a new company in Shanghai to manage the marketing, sales, and service of Ford brand passenger cars and pickups, expected to commence operations on October 1, 2025 [25] - The restructuring of Kincor Holdings resulted in a change of control, with the new major shareholder acquiring 9.93 billion shares, representing 9.34% of the total share capital [28]

展望未来，受访者预计到2026年经济增速将回升至约2%，部分人认为这得益于特朗普政府所推行的减 税与放松监管政策。Jefferies美国首席经济学家Thomas Simons表示："到2026年下半年，政府在税收和 监管上的政策效果将推动经济回归增长轨道。" 股市高估忧虑加剧 投资者信心不足 智通财经APP获悉，在高通胀、高失业与经济放缓三重压力交织的"滞胀"阴影下，市场对美国经济前景 愈发悲观。然而，外媒最新5月美联储调查显示，多数受访者仍预计，美联储将在今年及明年降息以应 对不断加剧的经济疲软。 调查显示，在面对由关税引发的持续高物价，以及增长和就业同步减弱的局面时，65%的受访者认为美 联储将选择降息来应对经济疲软，即便通胀居高不下。相比之下，3月调查中仅有44%持此观点，当时 多数人认为美联储将维持利率不变。如今，仅有26%的人认为美联储会按兵不动，而仅有3%的专家认 为美联储会在滞胀环境下加息。 此次调查共计31位参与者，包括基金经理、市场分析师及经济学家。他们预测美联储联邦基金利率将在 2025年底降至3.71%，2026年底进一步降至3.36%，意味着将从当前的4.33%水平下调近100个基点。 ...