Industry Overview Upstream - Glass prices have declined significantly, and coal inventories have increased; egg prices have risen substantially [2] Midstream - The operating rates of PX and PTA have remained stable [3] Downstream - The movie box office is in the off - season, and the number of domestic and international flights has slightly decreased [4] Meso - level Event Overview Production Industry - The Minister of Science and Technology introduced that in the field of humanoid robots, breakthroughs have been made in overall machine technology, and progress has been achieved in key technologies such as multi - modal perception and brain - cerebellum models, promoting the in - depth integration with embodied intelligence and accelerating the application of humanoid robots in scenarios such as automobile manufacturing, logistics handling, and power inspection [1] Service Industry - The National Health Commission and the Ministry of Finance issued the "Administrative Specifications for the Child - Rearing Subsidy System (Trial)", streamlining the application and review processes, clarifying eligibility, optimizing the application procedures, and emphasizing the role of big - data review [1] Key Industry Price Indicators | Industry Name | Indicator Name | Price on 9/18 | Year - on - Year Change | | --- | --- | --- | --- | | Agriculture | Spot price: Corn | 2287.1 yuan/ton | - 0.87% | | | Spot price: Egg | 8.0 yuan/kg | 9.89% | | | Spot price: Palm oil | 9366.0 yuan/ton | 0.13% | | | Spot price: Cotton | 15329.5 yuan/ton | 0.45% | | | Average wholesale price: Pork | 19.6 yuan/kg | - 1.91% | | Non - ferrous Metals | Spot price: Copper | 80043.3 yuan/ton | - 0.19% | | | Spot price: Zinc | 22006.0 yuan/ton | - 0.72% | | | Spot price: Aluminum | 20906.7 yuan/ton | 0.13% | | | Spot price: Nickel | 123016.7 yuan/ton | - 0.24% | | | Spot price: Aluminum | 17062.5 yuan/ton | 1.26% | | | Spot price: Rebar | 3141.0 yuan/ton | 0.56% | | Ferrous Metals | Spot price: Iron ore | 807.6 yuan/ton | - 0.59% | | | Spot price: Wire rod | 3342.5 yuan/ton | 1.13% | | | Spot price: Glass | 14.3 yuan/square meter | 1.06% | | Non - metals | Spot price: Natural rubber | 14850.0 yuan/ton | - 1.38% | | | China Plastic City Price Index | 793.3 | - 0.24% | | | Spot price: WTI crude oil | 63.7 dollars/barrel | 0.05% | | Energy | Spot price: Brent crude oil | 67.5 dollars/barrel | - 0.04% | | | Spot price: Liquefied natural gas | 3854.0 yuan/ton | - 0.72% | | | Coal price: Coal | 781.0 yuan/ton | 0.51% | | | Spot price: PTA | 4644.0 yuan/ton | - 0.11% | | Chemical Industry | Spot price: Polyethylene | 7396.7 yuan/ton | 0.07% | | | Spot price: Urea | 1672.5 yuan/ton | - 0.07% | | | Spot price: Soda ash | 1262.5 yuan/ton | 0.00% | | | Cement price index: National | 131.5 | 0.43% | | Real Estate | Building materials composite index | 114.0 points | 0.89% | | | Concrete price index: National index | 91.8 points | - 0.62% | [38]

Core Viewpoint - The article discusses the "One-Quarter Hour Convenience Living Circle" initiative aimed at enhancing urban living conditions in China by 2030, with specific targets for community services and infrastructure development [1][2][4]. Group 1: Goals and Objectives - The initiative aims to establish 100 pilot cities for the convenience living circle by 2030, creating 10,000 well-structured and high-quality service areas, achieving over 90% resident satisfaction, and a 30% chain store rate [1][2]. - The plan includes integrating various service circles such as elderly care, shopping, fitness, and cultural activities to create a comprehensive living environment [2]. Group 2: Key Tasks and Innovations - The initiative emphasizes upgrading facilities, services, and management within the convenience living circles, extending coverage from cities to eligible county communities over three years [2]. - New planning strategies will incorporate convenience living circles into urban land use planning, focusing on community needs and resource allocation [3]. Group 3: Policy Integration and Support - The initiative includes policies to expand supply of essential facilities like supermarkets and pharmacies, and to integrate smart logistics services into public infrastructure [4]. - Financial incentives, tax benefits, and support for long-term care insurance are part of the policy framework to encourage the development of convenience living circles [4].

海南将免征归属地方收入的文化事业建设费 中新网海口9月18日电 (记者 王子谦)海南省财政厅副厅长周正18日透露，为支持产业发展，海南省人民 政府根据《中华人民共和国海南自由贸易港法》相关规定，决定自今年10月1日起，免征归属海南省地 方收入的文化事业建设费。 海南省新闻办公室当日召开《海南省人民政府关于免征文化事业建设费的通知》(简称《通知》)新闻通 气会。海南省财政厅、省委宣传部、省税务局相关负责人围绕免征文化事业建设费政策的制定背景、主 要内容及落实举措进行解读。 《中华人民共和国海南自由贸易港法》规定，海南自由贸易港可以根据发展需要，自主减征、免征、缓 征除具有生态补偿性质外的政府性基金。而文化事业建设费是针对广告服务和娱乐服务经营者征收的政 府性基金收入，由税务部门按经营者提供广告服务、娱乐服务取得的计费销售额的3%征收。 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 据悉，下一步，海南省财政厅、省委宣传部、省 ...

Company Performance - Workday experienced a significant gain of 6.9% after Elliott Investment Management disclosed a stake of over USD 2 billion and expressed support for its management [1][11] - General Mills reported better-than-expected profits for the latest quarter, but its revenue only matched forecasts, leading to a 1.9% drop in its stock [2][11] - RCI Hospitality Holdings saw a sharp decline of 10.2% following accusations of bribery and tax evasion by New York's attorney general [8][12] Market Overview - The S&P 500 remained virtually unchanged, hovering near its record set earlier in the week, while the Dow Jones Industrial Average rose by 211 points, or 0.5% [1][11] - The upcoming Federal Reserve interest rate decision is anticipated to be a key event, with expectations of a quarter-point cut [5][12] - International markets showed mixed results, with Japan's Nikkei 225 slipping 0.2% due to a 13.8% drop in exports to the US [9][10][12] Investment Activities - Workday announced an increase in its stock buyback program, allowing for up to USD 4 billion in purchases to return cash to investors [1][11] - StubHub is set to debut on the New York Stock Exchange with an initial public offering price of USD 23.50 per share [9][12]

Core Viewpoint - The "Shunyi Livable Life Festival" will take place from September 19 to 21, aiming to enhance the local housing market and promote the area's economic vitality through various activities and services [1] Group 1: Event Overview - The festival is organized by the Shunyi District Commerce Bureau, Housing and Urban-Rural Development Committee, and the Culture and Tourism Bureau [1] - A dedicated "Livable Life Exhibition Area" will feature quality real estate companies, financial institutions, and intermediary service providers to offer one-stop home buying consultation services [1] - The event will also include a Chinchin music party and craft beer section to create a new consumption scene focused on "music + food + leisure," boosting the night and holiday economy in Shunyi [1] Group 2: Economic Impact - The Shunyi District Commerce Bureau will collaborate with various merchants to provide consumer benefits, enhancing the local consumption environment [1] - The venue, Guomen No. 1, is a significant project for urban renewal and revitalization of existing spaces, previously serving as the main venue for the 7th China Flower Expo [1] - The partnership between Shunxin Group and Shouchuang Langyuan aims to develop Guomen No. 1 into a "city organic living center" integrating culture, commerce, and leisure [1] Group 3: Collaborative Efforts - The festival will be held concurrently with the Shunyi District Commodity Housing Exhibition and the Urban-Rural Quality Living Industry Demonstration Platform Launch, showcasing multi-department collaboration [1] - The initiative aims to allow citizens to experience the vibrant development of livable construction in Shunyi [1]

Market Movements - US stock index futures are all up, with Dow futures rising by 0.02%, S&P 500 futures up by 0.18%, and Nasdaq futures increasing by 0.22% [1] - European indices show declines, with Germany's DAX down by 0.54%, UK's FTSE 100 down by 0.26%, France's CAC 40 down by 0.15%, and the Euro Stoxx 50 down by 0.16% [2][3] - WTI crude oil prices increased by 0.54% to $63.64 per barrel, while Brent crude rose by 0.34% to $67.67 per barrel [3][4] Economic Insights - US retail sales for August are expected to show a month-on-month increase of 0.2%, with core retail sales projected to rise by 0.4% when excluding automobiles and gasoline [5] - The S&P 500 index, excluding technology stocks, has risen by 13% over the past year, while profits have only grown by 6.4%, indicating potential overvaluation in non-tech sectors [5] Company News - Oracle (ORCL.US) shares rose over 5% in pre-market trading as it is reportedly involved in a consortium to maintain TikTok's operations in the US [7] - Tesla (TSLA.US) is under investigation by the National Highway Traffic Safety Administration regarding potential issues with the electronic door handles of certain Model Y vehicles [8][9] - Nvidia's (NVDA.US) new RTX6000D chip for the Chinese market is facing low demand, with major tech companies showing little interest due to high pricing and perceived low value [9] - TSMC (TSM.US) saw its market share in the semiconductor foundry sector rise to 38% in Q2 2025, driven by strong AI demand and Chinese subsidies [10] - Google (GOOGL.US) faces challenges as the DOJ rejects its proposal to divest part of its advertising technology business, insisting on a complete separation of its AdX platform [10] - Corteva (CTVA.US) is reportedly considering splitting its seed and pesticide businesses, but this potential move has raised concerns among Wall Street analysts [11] - Disney (DIS.US) has acquired a 2% stake in Webtoon (WBTN.US) and will collaborate to develop a digital platform for classic comic content, leading to a pre-market surge of over 39% in Webtoon shares [11]

Group 1 - The core demographic of KTV consumers is shifting, with individuals aged 60 and above now accounting for 35% of the total consumer base [1] - The frequency of KTV visits among the elderly is 1.8 times higher than that of younger consumers, indicating a significant engagement from this age group [1] - Social media platforms, such as Xiaohongshu, show a growing trend of middle-aged and elderly individuals actively participating in KTV, with numerous posts highlighting their enthusiasm for singing [1]

Core Points - The 22nd China-ASEAN Expo will be held from September 17 to 21 in Nanning, Guangxi, with various measures to enhance the experience for domestic and international guests [1] Group 1: Accommodation and Dining - Discounts on accommodation and dining are offered during the expo period, with a 10% discount at 126 hotels and a 20% discount on dining (excluding beverages) [1][2] - Special discounts of 30% on accommodation are available for three days before and seven days after the expo [1] Group 2: Tourism and Cultural Experiences - Various scenic spots and cultural institutions will offer 50% off the first ticket for attendees from September 14 to 28 [2][3] - Local cuisine will be available at a 50% discount at designated restaurants for attendees [2] Group 3: Shopping and Entertainment - Attendees can enjoy a 10% discount on department store purchases and 5% off on specific electronics from September 14 to 28 [3] - Movie tickets will be available at 40% off, along with 50% off on selected snacks at participating cinemas during the same period [3] Group 4: Transportation and Promotions - The expo will encourage promotional activities in commercial areas and enhance public transport services, including extended metro hours and special bus routes [4]

Group 1 - The core point of the article is the restructuring of Rupert Murdoch's family trust, which now benefits his son Lachlan and the two daughters of Wendi Deng, while excluding his eldest daughter Prudence, second daughter Elizabeth, and youngest son James, who each receive $1.1 billion as compensation [2][6][20] - The new trust arrangement comes after a lengthy legal battle, with the court rejecting Murdoch's attempt to modify an irrevocable trust established in 1999 that granted equal control to his four children from his second marriage [4][5][6] - The new trust will hold significant voting shares in Fox Corporation and News Corp, giving Lachlan absolute control over the media empire, while the excluded siblings receive cash compensation funded by the sale of shares [6][20] Group 2 - The article outlines the background of Murdoch's family dynamics, including his five marriages and six children, which have influenced the current trust structure and inheritance disputes [2][4][12] - Lachlan Murdoch's rise to power is attributed to his long-standing relationship with his father and his ability to adapt to the family's "jungle law," while his siblings have had varying degrees of involvement and recognition within the family business [9][11][12] - The article highlights the financial implications of the new trust, with a total compensation of $3.3 billion for the excluded siblings, and the ongoing profitability of the media empire, which reported significant revenues and profits in recent years [20][21]

Group 1 - Huazhixiao, a domestic cosmetics brand, completed a Series B financing round exclusively invested by Proya, aimed at global expansion and supply chain integration [3] - Wei Yi Culture, focusing on immersive panoramic entertainment experiences, secured a multi-million angel round financing to develop key projects and operate its own IP [4] - Craft beer brand TAGSIU raised nearly 10 million in a Pre-A round to expand its retail channels and supply chain [7] Group 2 - INS New Park, a nightlife complex, raised nearly 300 million in Series A funding, achieving a post-investment valuation of 2.6 billion [8] - Health drink brand Haojise received strategic investment from Guoyang Fund, focusing on health food products [9] - ByteDance issued stock options to its Seed department employees, with monthly values ranging from 90,000 to 135,000 yuan, indicating a strong focus on AI business [10] Group 3 - Xiaohongshu is expected to double its annual profit to 3 billion USD, with a valuation reaching 31 billion USD, positioning it as a leader in the visual social platform sector [12] - LeKe, a fitness brand, ranked fifth globally in store count, with over 14 million registered members, reflecting a growing trend in affordable fitness options [14][15] - Pet service brand Pet Home announced its paid membership exceeded 100,000 within five months, indicating a positive trend in the pet economy [18] Group 4 - The summer box office in 2025 reached 11.943 billion yuan, surpassing the previous year's performance [22] - The global market for smart home cleaning robots saw a shipment of 15.352 million units in the first half of the year, a 33% increase year-on-year [23] - The AR market is expected to grow significantly, with global shipments projected to reach 600,000 units by 2025, driven by new product launches and decreasing prices [24]