【智通财经9月22日早间新闻精选】 1、9月19日晚，国家主席习近平同美国总统特朗普通电话，就当前 中美关系和共同关心的问题坦诚深入交换意见，就下阶段中美关系稳定发展作出战略指引。通话是务 实、积极、建设性的。 2、国务院总理李强9月19日主持召开国务院常务会议，研究关于在政府采购中 实施本国产品标准及相关政策；会议讨论并原则通过《中华人民共和国银行业监督管理法（修订草 案）》，决定将草案提请全国人大常委会审议。 3、央行、金融监管总局、证监会、外汇局负责人将于 9月22日下午3点召开新闻发布会， 介绍"十四五"时期金融业发展成就。 4、商务部新闻发言人9月20日 就TikTok问题进展情况答记者问时表示，中方在TikTok问题上的立场是清楚的，中国政府尊重企业意 愿，乐见企业在符合市场规则基础上做好商业谈判，达成符合中国法律法规、利益平衡的解决方案。 5、央行9月20日发布公告称，即日起，公开市场14天期逆回购操作调整为固定数量、利率招标、多重价 位中标，操作时间和规模将根据流动性管理需要确定。 6、据报道，工信部将研究编制《"十五五"新型 电池产业发展规划》，加强产业发展统筹规划和系统布局，防范低水平重复 ...

重要的消息有哪些 国务院新闻办公室将于今日下午3时举行"高质量完成'十四五'规划"系列主题新闻发布会，请央行行长潘功 胜，金融监管总局局长李云泽，证监会主席吴清，央行副行长、国家外汇局局长朱鹤新介绍"十四五"时期金 融业发展成就，并答记者问。 商务部新闻发言人就TikTok问题进展情况答记者问表示，中方在TikTok问题上的立场是清楚的，中国政府尊 重企业意愿，乐见企业在符合市场规则基础上做好商业谈判，达成符合中国法律法规、利益平衡的解决方 案。 近日，网信部门对微博平台、快手平台采取约谈、责令限期改正、警告、从严处理责任人等处置处罚措施。 针对近期社会广泛关注的预制菜相关话题，国务院食安办高度重视，已组织工业和信息化部、商务部、国家 卫生健康委、市场监管总局等部门认真研究，加快推进预制菜国家标准制定，大力推广餐饮环节使用预制菜 明示，更好维护消费者知情权和选择权。 国家医保局发布第十一批国家组织药品集中采购文件。本次集采方案制定和修改过程中，充分遵循了"稳临 床、保质量、防围标、反内卷"的原则。文件提到，本次集采优化了价差控制"锚点"的选择，不再简单选用最 低报价。 上海市财政局网站发布《关于优化调整本市个 ...

Core Viewpoint - The A-share market has experienced a significant bull market since September 24, 2024, with major indices showing substantial increases, driven by policy support and improved investor confidence [2][3][8]. Market Performance - As of September 19, 2025, the Shanghai Composite Index has risen approximately 39%, the Shenzhen Component Index has increased by 61.7%, and the ChiNext Index has surged by about 102% since the "924" market [2][3][4]. - The total market capitalization of A-shares reached approximately 104 trillion yuan, an increase of about 36 trillion yuan over the past year [4][5]. Policy Impact - A series of financial policies announced by the central government aimed at supporting economic growth have been pivotal in boosting market confidence [2][3]. - The Central Political Bureau's meeting emphasized the need to enhance capital market support and facilitate the entry of long-term funds [3][8]. Sector Performance - All 30 sectors tracked by Citic have seen gains, with the top five sectors being Communication, Electronics, Computer, Media, and Machinery, which have risen approximately 120%, 108%, 99%, 88%, and 76% respectively [5][6]. - Conversely, sectors such as Coal, Oil & Gas, and Utilities have shown minimal growth, with increases ranging from 6% to 24% [5]. Individual Stock Performance - Over 5200 stocks have risen since the "924" market, with 3089 stocks increasing by more than 50% and 424 stocks rising over 200% [5][6]. - The top three performing stocks have seen increases exceeding 1000%, with the highest being 1710% [7]. Future Outlook - Analysts suggest that the current bull market has further potential, despite recent adjustments due to external factors like the Federal Reserve's interest rate changes [8][9]. - The market is expected to undergo structural shifts, with a potential focus on cyclical sectors and technology branches in the upcoming quarters [9].

一年多时间，雀巢罕见更换三任董事长背后。 全球商业界或许都存在一个疑问：谁能在全球最大食品饮料公司董事长位置上坐满三年？ 9月17日，瑞士巨头雀巢（Nestlé）董事会宣布，在公司工作46年的保罗·薄凯（Paul Bulcke）决定提前卸任董事会职务。现任副董事长巴勃罗· 伊斯拉（Pablo Isla）已于10月1日接任董事长一职。 这一变动发生在雀巢前CEO傅乐宏（Laurent Freixe）因与直接下属存在未公开的恋爱关系违反公司准则而被解雇仅仅两周后，而傅乐宏上任也 不过一年。换言之，一年多时间，雀巢换了3任董事长。 如此高频更换企业顶层管理也实属罕见，这也使得外界不得不对雀巢的未来产生了担忧。 虽然，保罗·薄凯的卸任虽早有预告，但速度之快仍令外界惊讶。今年6月，雀巢集团曾宣布薄凯将不再连任，并提名巴勃罗·伊斯拉为董事长。 但估计谁也没有料到，这一变动会来得如此之快。毕竟，薄凯在雀巢工作长达46年，从市场营销培训生逐步晋升至CEO及董事会主席。他主导 了多项战略调整，包括推动"回到根源"战略。 来自时尚零售领域的"新人"巴勃罗·伊斯拉，其职业生涯高光时刻在ZARA母公司Inditex集团。他于2005 ...

Market Overview - The market experienced fluctuations last week, with the Shanghai Composite Index falling by 1.30%, while sectors like power equipment, electronics, and communications continued to lead in gains, contrasting with the underperforming banking, non-banking, and food and beverage sectors [1] Broker Strategies - Guotai Junan Securities believes that the recent market adjustment presents an opportunity, asserting that the Chinese stock market will not stop here. They highlight the positive implications of the recent US-China talks and the potential for capital market reforms to accelerate, suggesting that the A/H share indices may reach new highs [2] - Guojin Securities indicates that a bull market is in the making, with a focus on cyclical opportunities in manufacturing and a shift from technology-driven growth to export-oriented growth as liquidity constraints ease [2] - Zheshang Securities anticipates continued consolidation in the Shanghai Composite Index, recommending a cautious approach and suggesting adjustments in sector allocations, particularly reducing exposure to technology and media while increasing positions in real estate and infrastructure [3] - Everbright Securities expects the A-share market to maintain a volatile pattern leading up to the National Day holiday, with a focus on structural balance amid potential profit-taking [4] - China Merchants Securities notes a historical pattern of financing trends around the National Day holiday, suggesting a potential rebound in market sentiment post-holiday, with a focus on sectors like solid-state batteries and AI [5] - Industrial Securities emphasizes a rotational investment strategy to navigate market volatility, advocating for a diversified approach across multiple sectors [6][7] - CITIC Securities highlights the clarity in market trading themes following the Fed's interest rate cut, with a focus on AI and domestic demand recovery as key drivers [8] - Huaxia Securities maintains a positive long-term outlook despite short-term fluctuations, emphasizing the importance of structural support from policies aimed at stabilizing the stock market [9] - Galaxy Securities recommends four main investment themes in the construction sector during the 14th Five-Year Plan period, focusing on urban renewal and digital transformation in construction [11]

Group 1 - Guanzhong Ecological is planning a change in control and will suspend trading from September 22, 2025, for up to two trading days [1] - Sunflower intends to acquire 100% equity of Xipu Materials and 40% equity of Beid Pharmaceutical, with trading resuming on September 22, 2025 [1] - Jintou City Development is adjusting its major asset restructuring plan [1] - Zhongke Tongda has terminated its major asset restructuring project [1] Group 2 - Huitian Co., Ltd. and other companies are planning to list in Hong Kong [2] - Taotao Automotive has approved its application for an initial public offering of H shares in Hong Kong [2] - Longxun Co., Ltd. is also planning to issue H shares and apply for listing in Hong Kong [2] Group 3 - Four companies will receive risk warnings, including Fudan Fuhua, which will change its stock name to ST Fuhua and be subject to a 5% price limit [3][4] - Juewei Food will also change its stock name to ST Juewei and be subject to a 5% price limit [3] - Chuangyi Information will change its stock name to ST Chuangyi and be subject to a 20% price limit [4] - Sikui will change its stock name to ST Sikui and be subject to a 20% price limit [4] Group 4 - Multiple companies are undergoing executive personnel changes, including China Petroleum, where Huang Yongzhang has resigned as president [6] - Huashan City A has seen the resignation of its chairman and vice chairman due to retirement and job changes [6] - China Ruilin's chairman has resigned due to age reasons [6] Group 5 - Sunflower is planning a major asset restructuring involving the acquisition of Xipu Materials and Beid Pharmaceutical, focusing on high-end semiconductor materials [9] - Jintou City Development is adjusting its major asset restructuring plan to sell real estate assets while retaining property management [10] - Zhongke Tongda has terminated its planned acquisition of a technology company due to failure to reach agreement on key terms [11] Group 6 - ST King Kong has been accepted for reorganization by the court, and its stock will be subject to additional delisting risk warnings [12] - ST New Power is under investigation by the China Securities Regulatory Commission for information disclosure violations [14] - Zhenlei Technology's chairman is under detention but the company states that control has not changed [14] Group 7 - Guotai Environmental has had its chairman's detention lifted, allowing him to resume duties [15] - Pingming Technology is planning a major matter that may lead to a change in control, resulting in continued suspension of trading [15] Group 8 - Shunhao Co., Ltd. plans to repurchase shares with a total amount between 100 million and 200 million yuan [16] - Baoli International is considering an investment in semiconductor testing equipment company Hongtai Technology [16] - Jindi Co., Ltd. is acquiring control of Guangzhou Yuni Precision Co., Ltd. [17] Group 9 - SF Holding reported a revenue of 24.787 billion yuan in August 2025, a year-on-year increase of 7.86% [18] - China Oil Engineering signed an EPC contract worth 513 million USD for a gas pipeline project in the UAE [18] - Linyang Energy is a recommended candidate for a procurement project with a total expected amount of approximately 142 million yuan [19] Group 10 - Wuzhou Transportation's major shareholder plans to increase its stake with a loan commitment of up to 153 million yuan [21] - Shanxi Fenjiu's shareholder plans to reduce its stake by up to 16.2006 million shares [21][22]

Group 1 - The State Council's Food Safety Office is actively promoting the establishment of national standards for pre-prepared dishes and advocating for clear labeling in the catering sector to protect consumer rights [1] - The National Medical Insurance Administration has released the 11th batch of national drug centralized procurement documents, emphasizing principles such as maintaining clinical stability and ensuring quality [3] - The Ministry of Industry and Information Technology is preparing the "15th Five-Year" new battery industry development plan to prevent low-level repeated construction and enhance industrial planning [4] Group 2 - The Shanghai Stock Exchange will review the IPO application of Moore Threads on September 26, 2025, focusing on the development of full-function GPU chips [5] - Four A-share companies, including Juewei Food and Chuangyi Information, will be marked as ST due to financial reporting discrepancies [7][8] - Major securities firms are analyzing market trends, with a focus on resource stocks, new production capabilities, and the globalization of Chinese manufacturing [9][10][11][12][13][14][15][16][17][18][19]

Group 1: Key Events - Chinese Premier Li Qiang met with a delegation of U.S. Congress representatives, emphasizing the importance of stable and healthy Sino-U.S. relations for mutual benefits and international expectations [2] - The State Council's Food Safety Office is actively promoting the establishment of national standards for pre-prepared dishes, addressing public concerns and enhancing consumer rights [3] - The National Medical Insurance Administration released the 11th batch of centralized drug procurement documents, adhering to principles of clinical stability, quality assurance, and prevention of market manipulation [5] Group 2: Market Analysis and Predictions - CITIC Securities suggests that the industry selection framework remains focused on "resources + new productive forces + going global," indicating a shift in resource stocks towards dividend attributes due to supply constraints and geopolitical tensions [13] - Guojin Securities believes that a bull market driven by recovering corporate profits is in the making, with opportunities in upstream resources and domestic demand-related sectors [14] - CITIC Jiantou Strategy highlights the "14th Five-Year Plan" as a key focus for investment opportunities, particularly in AI, new energy, and consumer sectors [15] - The market is expected to experience a "pre-holiday contraction and post-holiday surge" in financing, with potential for A/H shares to reach new highs [16][22] - Xinda Strategy notes that market fluctuations during a bull market often lead to changes in style, with a focus on sector rotation to manage volatility [19] Group 3: Regulatory and Policy Developments - The Ministry of Industry and Information Technology is preparing the "15th Five-Year Plan" for the new battery industry, aiming to prevent low-level redundant construction and enhance industry planning [6] - The upcoming press conference will discuss the achievements of the financial industry during the "14th Five-Year Plan" period, indicating a focus on financial sector development [4] Group 4: IPO and Corporate Developments - Moore Threads is set to hold its IPO review meeting on September 26, 2025, focusing on the development of full-function GPU chips [7] - Four A-share companies, including Juewei Food and Chuangyi Information, will be marked as ST due to financial reporting discrepancies [10][11]

每周 一 景：湖南衡阳衡山 点击右上角菜单，收听朗读版 【宏观】消费改善、生产偏弱 上周高频数据显示， 消费方面，整体以改善为主， 商品消费中汽车零售批发量、高端白酒价格等受旺季及基数效应回升，服务消费里城市内人口流动、电影 票房等改善，但城市间迁徙指数同比转负。投资方面，基建专项债发行快、项目合同额跌幅收窄，地产销售旺季回暖，因假期错位同比回升，但土地市场转 冷，开工建设数据仍处低位。进出口方面，受关税政策扰动，国内主要港口运价下跌。生产方面，各行业多数回落，发电、钢铁等行业受需求或利润影响调 整。库存方面以补库为主，物价呈工业品涨价、CPI分化态势。流动性方面，美元指数小幅上行，人民币温和升值。 被忽视的积极进展：中国经济预期正在从"L型"一竖迈向一横，经济社会发展的确定性上升。 目前市场共识对经济预期的认识仍十分谨慎，不仅约束了社会公 众的投资意愿，也令多数权重股、蓝筹股的股价仍处偏低水平。但是，在共识之外被忽视的是，中国上市公司营收和库存增长已连续两个季度企稳，从过去 的"一竖"走向"一横"。尽管目前快速回升可能性不高，但中国经济"L型"企稳的能见度越来越高。这意味着在经历调整和政策介入后，底在哪个位 ...

今年以来，百年食品饮料巨头雀巢集团持续面临人事变动。先是雀巢集团原CEO(首席执行官)Laurent Freixe(傅乐宏)因"办公室恋情"未披露而被解雇，新任CEO Philipp Navratil火速走马上任。 这背后是雀巢的中国市场业务在面临"阵痛期"。上半年，雀巢大中华区市场的有机增长率为-4.2%。 不仅仅是雀巢，今年以来，多家食品饮料外企都在调整中国业务。毕竟，中国市场对于食品饮料巨头而 言是一个不可忽视的存在，如今的调整是为了公司在市场变化中稳步前行。就"领头羊"雀巢集团来看， 它在中国市场遇到了哪些变化？集团具体做了哪些调整？ 雀巢中国高层再现变动 9月17日，《每日经济新闻》记者从雀巢中国方面确认，雀巢研发中国总经理孙忠伟将调任新职，现任 新加坡区域研发中心(服务东南亚市场)及冰淇淋研发团队负责人的Guglielmo Bonora将接任，该任命将 于2025年10月1日起生效。 记者查询发现，Guglielmo Bonora在雀巢工作已超过19年，他从内部审计师做起，此后曾负责营销、市 场等方面的业务，工作地点包括迪拜、新加坡等，在研发岗位上工作已有近5年。 雀巢集团又在当地时间9月16日宣 ...