Market Overview - The Hang Seng Index faces resistance at 26,822 points, with recent agreements between China and the US easing trade tensions and expectations of interest rate cuts in the US due to weakening employment data [1][3] - The Hong Kong stock market remains active with a positive risk appetite, as capital rotates among different sectors [1] Short-term Sector Outlook - Focus on upcoming US Federal Reserve interest rate decisions and Hong Kong's Policy Address [2] Macro Focus - Chinese Premier Li Qiang supports increased R&D investment by enterprises and research institutions, emphasizing the need for core technology capabilities [3][9] - Nine Chinese departments have issued policies to expand service consumption and attract more inbound spending [3][9] - The People's Bank of China conducted a reverse repurchase operation of 287 billion yuan, maintaining a rate of 1.4% [9] - The national passenger car inventory decreased to 3.16 million units by the end of August [9] - The world's largest UHVDC project, the Tibet-Guangdong project, has commenced construction, expected to transmit over 43 billion kWh of clean energy annually [9] Company News - Tencent Holdings issued 9 billion yuan in bonds, with proceeds intended for general corporate purposes [11] - Chery Automobile is launching an IPO to raise up to 9.15 billion yuan, with funds allocated for R&D and market expansion [11] - Alibaba's founder Jack Ma is reportedly returning to the company, focusing on AI and competing in the food delivery market [11] - Alibaba's Lazada has integrated with Tmall, allowing merchants to easily enter Southeast Asian markets [11]

Group 1 - Chery Automobile plans to globally offer 297 million shares, with 29.74 million shares for Hong Kong and 268 million shares for international sale, along with an overallotment option of 44.61 million shares [1] - The subscription period is from September 17 to September 22, with a maximum offer price of HKD 30.75 per share and an entry fee of approximately HKD 3,106 [1] - The total expected fundraising amount is HKD 8.699 billion, with a net amount of HKD 8.441 billion, aimed at R&D for various passenger car models, next-generation vehicles, advanced technologies, overseas market expansion, and enhancing production facilities in Wuhu, Anhui [1] Group 2 - The company has introduced cornerstone investors including JSC International Investment Fund SPC, HHLR Advisors, Shanghai Jinglin Asset Management, CICC Financial Trading, Huangshan Jiantou, and Jinghui Ruiying, with a minimum subscription of approximately 149 million shares at the offer price [2] - Chery Automobile is expected to be listed on the main board by September 25, 2025, with China International Capital Corporation, Huatai Financial Holdings, and GF Securities as joint sponsors [2] - The company reported net profits of CNY 11.953 billion, CNY 14.135 billion, and CNY 4.650 billion for the fiscal years 2023, 2024, and the first quarter of 2025, reflecting year-on-year changes of 90.76%, 18.25%, and 71.46% respectively [2]

Group 1 - Chery Automobile (09973.HK) plans to globally offer 297 million shares, with 29.7397 million shares for Hong Kong and 268 million shares for international sale, along with an overallotment option of 44.6095 million shares [1][2] - The subscription period is from September 17 to September 22, with a maximum offer price of HKD 30.75 per share, and an entry fee of approximately HKD 3106.00 for 100 shares [1][2] - The total expected fundraising amount is HKD 8.699 billion, with a net amount of HKD 8.441 billion, intended for R&D of various passenger car models, next-generation vehicles, advanced technologies, overseas market expansion, working capital, and facility upgrades in Wuhu, Anhui [1][2] Group 2 - The company has introduced cornerstone investors including JSC International Investment Fund SPC, HHLR Advisors, Shanghai Jinglin Asset Management, CICC Financial Trading Limited, Huangshan Jiantou (Hong Kong) International Investment, and Jinghui Ruiying (Hong Kong) Limited, committing to subscribe for approximately 149 million shares at the offer price [2] - Chery Automobile is expected to be listed on the main board by September 25, 2025, with China International Capital Corporation Hong Kong Securities, Huatai Financial Holdings (Hong Kong), and GF Securities (Hong Kong) as joint sponsors [2] - The company reported net profits of CNY 11.953 billion, CNY 14.135 billion, and CNY 4.650 billion for the fiscal years 2023, 2024, and the first quarter of 2025 respectively, with year-on-year changes of 90.76%, 18.25%, and 71.46% [2]

乘联分会崔东树：8月末全国乘用车行业库存316万辆、库存42天环比降4天 9月16日，乘联分会秘书长崔东树发文表示，2025年8月末全国乘用车行业库存316万辆，较上月下降13 万辆。4月行业库存350万辆创近两年新高，以旧换新推动的车市零售较高，但厂家生产相对谨慎；5-8 月车企相对更理性控制生产，减少对经销商的库存压力，形成5-8月持续去库存。8月乘用车行业整体库 存下降到316万辆，总体相对小幅下降。其中厂家库存占比23.9%，较上月提升0.3个百分点，行业库存 下降的主要是渠道库存，经销商压力缓解。 崔东树：预测未来几个月厂家总销量相对较好，因此根据2025年8月底的库存与未来销量综合预估的现 有库存支撑未来销售天数42天，相对于2023年8月的52天、2024年8月的42天，今年8月的总体库存压力 明显下降。 中国长安汽车与中国国新签署战略合作协议 9月16日，据长安汽车消息，9月12日，中国长安汽车集团有限公司与中国国新控股有限责任公司签署战 略合作协议。中国长安汽车党委书记、董事长朱华荣表示，希望双方在投融资、业态培育等领域持续深 化协同合作，共同推动科技创新和产业创新深度融合。中国国新党委书记 ...

（央视新闻） 央视记者当地时间16日获悉，美国国家公路交通安全管理局对约17.4万辆2021款特斯拉Model Y电动车 展开调查，原因是该车型的电动车门把手可能存在失灵问题，构成安全隐患。 美国国家公路交通安全管理局称，这一问题可能与车辆低压电池供电不足有关。如果确认其存在严重安 全隐患，该机构或将要求特斯拉召回相关车辆。 ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 天眼查资料显示，重庆长安汽车股份有限公司，成立于1996年，位于重庆市，是一家以从事汽车制造业 为主的企业。企业注册资本992179.9422万人民币。通过天眼查大数据分析，重庆长安汽车股份有限公 司共对外投资了119家企业，参与招投标项目5000次，财产线索方面有商标信息3129条，专利信息5000 条，此外企业还拥有行政许可962个。 国家知识产权局信息显示，重庆长安汽车股份有限公司取得一项名为"挡位控制方法、装置、设备及存 储介质"的专利，授权公告号CN116857359B，申请日期为2023年06月。 ...

Core Viewpoint - The article discusses the purchasing experience and opinions of a consumer regarding the Jaguar XFL 90th Anniversary Edition, highlighting both the positive aspects and the challenges faced during the buying process [1][2][21]. Purchase Details - The consumer purchased the Jaguar XFL 90th Anniversary Edition for a total of ¥51,234 after financing, with a monthly payment of ¥4,600 [2]. - The official price of the vehicle was ¥495,400, with a discount bringing the price down to ¥255,300, and a loan amount of ¥240,000 [2]. - Additional costs included a purchase tax of ¥22,769, insurance of ¥10,165, and a registration fee of ¥3,000 [2]. Vehicle Comparison - The consumer compared several models before deciding on the Jaguar XFL, including the Mercedes-Benz E300L, BMW 530Li, Audi A6L, Cadillac CT6, and Volvo S90 T8, ultimately rejecting them for various reasons related to personal preferences and family opinions [5][8][9][10][11]. Delivery Experience - The delivery experience was fraught with issues, including a price increase of ¥20,000 due to policy changes and receiving a vehicle that had been damaged during transport [13][15][16]. - The consumer expressed frustration over being forced to accept a damaged vehicle, despite being the first to place an order [15][16]. Vehicle Performance and Features - The Jaguar XFL is noted for its striking exterior design and acceptable interior quality, but it has significant drawbacks in terms of ride comfort and driving dynamics, described as "very bumpy" [17][19]. - The vehicle's technology features were criticized as lacking, with specific complaints about the inability to adjust headlight height and minimal seat ventilation [18]. Target Audience - The vehicle is deemed suitable for younger consumers who prioritize style and emotional value over practicality, while it is not recommended for those seeking a reliable family car or who are concerned about fuel efficiency and maintenance costs [20][22].

Group 1 - Alibaba is reportedly negotiating with WeChat to allow Taobao to open mini-programs within WeChat for direct transactions, with Taobao offering WeChat Pay without password as a trade-off [3] - A Beijing court ruled in favor of a car owner against Tesla, ordering the company to provide complete driving data from the 30 minutes prior to an accident, emphasizing consumer rights [4][5] - Intel's China chairman Wang Rui is set to retire, marking a planned management transition following the appointment of Wang Zhichong as vice chairman [6] Group 2 - Xiaomi is adjusting the sales structure for its SU7 Ultra model, previously exclusive to Ultra Master, now available to all Xiaomi car sales [8] - The monthly active user count for Doubao has surpassed DeepSeek, leading the AI app rankings in China [9] - JD.com's founder Liu Qiangdong expressed a desire for healthy competition in the food delivery sector, emphasizing the importance of business strategy over personal conflicts [9] Group 3 - ByteDance denied rumors of shutting down its Shanghai studio and laying off 300 employees, clarifying that the studio remains operational [9] - XPeng's eVTOL aircraft experienced an incident at an airshow, but no injuries were reported, and an investigation is underway [9] - Taier's parent company, Jiumaojiu Group, plans to complete the transformation of its fresh fish stores by the end of 2026, aiming to enhance customer experience [11] Group 4 - OpenAI has appointed Mike Liberatore, former CFO of xAI, to oversee its financial operations [11] - AI robotics company Figure completed a Series C funding round exceeding $1 billion, with a post-money valuation of $39 billion [17] - Databricks Ventures has invested in AI and data consulting firm Indicium, aiming to enhance collaboration on advanced AI features [17] Group 5 - The global semiconductor equipment market's top 10 companies generated over $64 billion in revenue in the first half of 2025, reflecting a 24% year-on-year growth [29]

从数量上看，与上一年相比，深圳企业入选500强总数不变，均为27家。其中，新增2家，分别是优合产 业有限公司（第383位，2024年度营收646.38亿元）和欣旺达（300207）电子股份有限公司（第439位， 2024年度营收560.21亿元）；退榜2家。 上榜深企展现了极强的创新能力和高强度的研发投入。500强企业共投入研发费用1.73万亿元，平均研 发强度创1.95%的历史新高。而深圳上榜企业研发投入远超平均水平。其中，华为2024年研发投入达 1796.87亿元，位列全国第一位；比亚迪以531.95亿元的研发投入位列第二位。 从行业分布看，深圳上榜企业呈现多元化布局，且在新兴产业领域表现突出。这些企业涵盖互联网、电 子信息、智能制造、消费电子等多个细分行业，与深圳"20+8"产业布局高度契合。新能源领域企业表现 尤为亮眼。比亚迪2024年全球累计销售新能源汽车427.21万辆，同比增长41.26%，业务遍及全球110多 个国家和地区，蝉联全球新能源车市场销量冠军。欣旺达则凭借卓越的业绩表现与持续的创新实力，首 次入围即荣列第439位，并同步入选"2025中国战略性新兴产业领军企业100强"（第83位） ...

每经记者|李星 每经编辑|陈柯名 余婷婷 北京市大兴区人民法院的一纸判决书，再次让四年前上海车展中站在特斯拉"车顶维权"的女车主张亚周被业内关注。 9月16日，北京市大兴区人民法院就张亚周诉特斯拉汽车销售服务（北京）有限公司等买卖合同纠纷一案作出判决。张亚周提供的判决书显示，法院责令 特斯拉汽车销售服务（北京）有限公司、特斯拉（上海）有限公司共同于判决生效之日起十日内，向其提供车辆识别代号为5YJ3E7EA7LF550391的特斯 拉Model3车辆于2021年2月21日发生交通事故前三十分钟的完整行车数据。 图片来源：受访者供图 2021年2月，张亚周的父亲驾驶一辆特斯拉Model 3发生追尾事故。同年4月，张亚周身穿"刹车失灵"字样T恤，在2021上海车展首日站在特斯拉车顶高 喊"特斯拉刹车失灵"，引发广泛关注。 张亚周自2021年2月其父亲驾驶特斯拉发生追尾事故后，持续要求特斯拉提供完整行车数据却屡遭拒绝。"四年了，真的是太难了。"9月16日晚间，张亚周 接受《每日经济新闻》记者独家专访时感叹，"这四年来，我与特斯拉打官司，一直在输、一直在输，今天终于赢了特斯拉一次"。 在接受记者采访过程中，张亚周多次 ...