中国发展网讯国庆、中秋临近，为及时掌握民生商品价格走势和餐饮住宿价格变化情况，确保节日市场 供应充足、价格平稳。山东省滨州市发展和改革委联合市市场监管局，开展了节前市场价格专项巡视、 巡查工作。 巡查组先后到全福元、银座、舜和、美伦等大型商超和餐饮酒店实地了解粮、油、肉、蛋、奶、蔬菜、 月饼等民生商品供应情况和酒店住宿价格变化情况，并针对当前重要时间节点民生商品供需和餐饮住宿 价格波动情况向相关经营单位负责人提出了具体要求和改进建议。现场巡查了解到，节前市场供应充 足、消费需求旺盛、价格秩序良好、无异常价格波动，总体呈现供需两旺的繁荣景象。 市发展改革委将持续关注节日市场民生商品和餐饮住宿价格变化情况，做好保供稳价各项工作。进一步 强化监测预警，密切关注重要民生商品价格走势，加大市场巡查力度和频率，对苗头性、倾向性异常价 格问题做到及时发现，第一时间报告；坚持对50种居民生活消费品价格执行日监测、日报告制度；及时 向社会发布重要价格信息，引导市场消费、稳定价格预期；积极协同相关部门做好节日期间民生商品供 需调度，保障供应稳定，促进价格平稳运行；联合市场监管部门严厉打击囤积居奇、哄抬物价的违法行 为，维护正常市 ...

Group 1: Strategy Overview - The report emphasizes a transition towards a bull market, driven by recovering demand for physical assets amidst supply constraints, particularly in the copper market [3][9][12] - Recent disruptions in copper supply, notably from the Grasberg mine, are expected to create price elasticity for future manufacturing demand recovery [9][12] - The report highlights a shift from a focus on financial assets to physical assets, indicating a potential new cycle for resource commodities [4][12] Group 2: Key Companies and Industries - **Engineering Machinery: Hengli Hydraulic (601100.SH)** is positioned for growth due to increased overseas demand and domestic infrastructure projects, with a favorable outlook for its core business [14] - **Non-Banking Financial: Sichuan Shuangma (000935.SZ)** is transitioning to an innovative drug CDMO model, with significant growth potential from its investment projects and pharmaceutical capacity expansion [15][16] - **Food and Beverage: Angel Yeast (600298.SH)** is expected to benefit from overseas expansion and improved domestic demand, with a favorable cost environment [17] - **Transportation: Juneyao Airlines (603885.SH)** is set to gain from industry supply-demand improvements and reduced interest expenses, with positive short-term catalysts from seasonal demand [18] - **Retail: Gu Ming (1364.HK)** is leveraging a unique store expansion strategy in the competitive milk tea market, with significant growth potential in coffee products [19] - **Media and Internet: Tencent Holdings (0700.HK)** is integrating AI across its ecosystem, enhancing its competitive edge and driving growth through high-margin businesses [20][21] - **Electronics: Lante Optics (688127.SH)** is experiencing strong demand in various sectors, with supply constraints on production equipment [22] - **Computing: Hikvision (002415.SZ)** is seeing a recovery in operating quality and profitability, with a focus on AI-driven products [23] - **Pharmaceuticals: Innovent Biologics (9969.HK)** is a leader in hematology and autoimmune therapies, with significant growth potential from its core products [24] - **Defense and Military: Guobo Electronics (688375.SH)** is positioned to benefit from growth in military and satellite internet sectors, with a strong market outlook [25]

为保障2025年中秋国庆期间重要民生商品量足价稳，9月24日，泉州市发改委党组书记、主任洪武强率 队前往鲤城区平价商店和价格监测点，实地察看大润发商场温陵店，检查台风后市场供应恢复与节前平 价商店启动准备工作。 检查组深入市场一线，重点察看粮、油、肉、蛋、蔬菜、水果等生活必需品的供应储备与货源组织情 况。洪武强详细询问商户台风后货源组织、物流运输及价格变动，要求加强产销衔接，确保节日市场供 应充裕、运行平稳。 编辑：肖秋思 二审：刘惜勤 三审：肖瑞波 根据《泉州市发展和改革委员会关于2025年中秋、国庆期间启动平价销售方式的通知》，全市平价商店 将于9月28日至10月8日启动，对六大类商品执行价格优惠（粮油肉蛋水果低于同期市场均价10%，蔬菜 低于15%）。检查组一行现场对即将启动的平价销售机制进行前期督导，仔细核对商品品类、价格及优 惠标识，要求商户确保标识清晰、价格透明、环境整洁，将惠民政策落到实处。 ...

Core Points - The article discusses the measures taken by the Urat Front Banner Market Supervision Administration in collaboration with various departments to regulate market prices and consumer order during the upcoming National Day and Mid-Autumn Festival [1][3] - The focus is on preventing excessive packaging and ensuring fair pricing, particularly for traditional products like mooncakes [3][7] Group 1 - The price inspection covers key areas such as tourist attractions, large supermarkets, farmers' markets, and food processing plants [3] - In tourist areas, enforcement personnel check ticket prices, project fees, and the clear pricing of goods, emphasizing the need for fair pricing during peak travel times [3] - In supermarkets and farmers' markets, the inspection focuses on essential goods like rice, flour, oil, and vegetables, ensuring compliance with clear pricing regulations and checking for false discounts [3] Group 2 - Special attention is given to mooncakes, with checks on clear pricing and excessive packaging, urging merchants to maintain traditional pricing and avoid "sky-high mooncakes" [3] - The Urat Front Banner Market Supervision Administration plans to increase the frequency of price supervision and inspections in key areas and for key products to ensure consumer confidence during the holidays [7]

Group 1 - The A-share market opened lower, with the Shanghai Composite Index down 0.03% and the ChiNext Index down 0.56%. Active sectors included industrial metals and controllable nuclear fusion, while sectors like photolithography machines, port shipping, and semiconductors saw significant declines [1] - CITIC Securities suggests that the next wave of investment opportunities will focus on resources, new productive forces, and overseas expansion. Resource stocks are expected to shift from cyclical to dividend attributes due to supply constraints and global geopolitical tensions, leading to a restructured valuation system [1] - The report emphasizes the globalization of China's manufacturing leaders, which is anticipated to convert market share advantages into pricing power and profit margin improvements, resulting in market capitalization growth that surpasses domestic economic fundamentals [1] Group 2 - Guotai Junan Securities believes that a bull market driven by the recovery of China's profit fundamentals may be in the making. The easing of liquidity constraints is expected to create new market scenarios, with opportunities in Hong Kong stocks that may experience a rebound after stagnation [2] - The report highlights that cyclical opportunities in manufacturing (non-ferrous metals, machinery, chemicals) will become a mid-term focus, preparing for a transition into a genuine bull market [2] - Recommendations include focusing on upstream resources (copper, aluminum, oil, gold), capital goods (engineering machinery, heavy trucks, lithium batteries, wind power equipment), and raw materials (basic chemicals, fiberglass, paper, steel) as they benefit from improved domestic conditions and overseas interest rate cuts [2]

Core Viewpoint - The 18th typhoon "Haikashan" has developed into the strongest typhoon globally this year, expected to make landfall in Guangdong, impacting local weather and prompting citizens to stock up on essential supplies [1][3]. Group 1: Typhoon Impact and Response - The Central Meteorological Administration has issued an orange alert for typhoon "Haikashan," which has been classified as a super typhoon for over 40 hours [1]. - Heavy rainfall and strong winds are anticipated in Guangdong, Guangxi, and Hainan, lasting until Friday [1]. - Local governments are urging citizens to purchase essential goods reasonably and avoid excessive stockpiling [3][4]. Group 2: Supply and Demand Management - Guangzhou's business sector reports sufficient inventory of essential goods, with prices stable and supply channels open [4]. - Shenzhen's business sector has increased the supply of essential goods by 2-3 times the usual demand to ensure availability [4][5]. - Zhuhai has implemented a monitoring mechanism for essential goods supply, ensuring smooth circulation and addressing any shortages promptly [6]. - Shantou and Huizhou report stable prices and sufficient inventory of essential goods, with measures in place to prevent price gouging [7][8]. - Dongguan's business sector has prepared for a 7-10 day supply of essential goods, coordinating with major retailers to meet demand [9]. - Jiangmen has activated an emergency plan for essential goods supply, ensuring continuous availability and monitoring for any price manipulation [10].

视频丨张迎 据央视新闻报道，9月23日上午，中央气象台继续发布台风橙色预警。目前，今年第18号台风"桦加沙"超强台 风级别已持续超40个小时，已经发展成为今年全球范围内的最强台风。"桦加沙"预计将于明日在广东深圳到 徐闻一带沿海登陆。 记者丨 魏彤 编辑丨蒋韵 张嘉钰 受"桦加沙"影响，广东、广西、海南多地将会陆续下起大到暴雨，局地大暴雨。强风雨天气将持续至本周 五。 随着台风"桦加沙"逼近，广东省多地许多市民纷纷前往各大商超储备生活物资。多地发布提醒，生活必需品 量足价稳，无需过度囤货。 广州市 南方财经记者从广州市商务局了解到，目前全市主要生活必需品商业库存充足，价格总体平稳，供应渠道畅 通，完全能够满足台风期间市民日常生活需求， 广大市民朋友可根据实际需要合理采购和储备物资，无需过 度囤货 。 广州连锁经营协会积极行动，要求各会员商超企业确保人员安全，加大粮、油、米、面、肉菜等生活必需品 的备货量，可以充分满足市民的日常生活需求， 目前华润万家、钱大妈、西亚兴安、胜佳超市、广百超市、 东山百货、8字连锁、喜士多便利店、朴朴超市等全市1000多家商超门店及生鲜电商平台企业正常营业，量足 价稳 。【详见： ...

A股三大股指集体高开，沪指涨0.05%，创业板指涨0.1%。盘面上，贵金属、消费电子、脑机接口等板 块涨幅居前。 国金证券：真正的牛市还未开始 国金证券认为中国盈利基本面回升的牛市行情可能正在孕育。 目前， 降息后正在开启新的场景转换， 两类机会可以关注：一方面是流动性压制解除后， 6-8 月滞涨的港股或有补涨行情;另一方面，成长投 资会逐步从科技驱动走向出口出海。 制造业顺周期(有色，机械，化工)的机会将成为中期主线，准备好 换挡后进入真正的牛市。 中期维度推荐保持不变：第一，同时受益于国内反内卷带来的经营状况改善、海外降息后制造业活动修 复与投资加速的实物资产：上游资源(铜、铝、油、金)、资本品(工程机械、重卡、锂电、风电设备)以 及原材料(基础化工品、玻纤、造纸、钢铁);第二，盈利修复之后内需相关领域也将逐渐出现机会：食品 饮料、猪、旅游及景区等;第三，保险的长期资产端将受益于资本回报见底回升，其次是券商。 机构看后市 中信证券：下一波的线索 目前整体的行业选择框架依然是围绕资源+新质生产力+出海。资源股在供给受限以及全球地缘动荡的 预期推动下，从周期属性转向偏红利属性会带来估值体系重构，博弈美联储降息 ...

Summary of Key Points from Conference Call Industry Overview - The focus is on the **gold market** and its price dynamics influenced by macroeconomic factors and geopolitical events [1][2][3]. Core Insights and Arguments - **Gold Price Trends**: After breaking the $3,500 per ounce mark at the end of August, market attention on gold has significantly increased, aligning with expectations that the price movements are driven by different factors in the first and second halves of the year [2][3]. - **Impact of Tariffs**: The conclusion of the China-US Geneva Agreement in May reduced tariff uncertainties, leading to a decrease in the political risk premium that previously supported gold prices [2][4]. - **US Labor Market Data**: A downward revision of US labor market data has raised concerns about economic performance, which in turn supports gold prices as it increases expectations for Federal Reserve rate cuts [2][5]. - **Geopolitical Factors**: The weakening of geopolitical pricing and a significant decline in global demand expectations have contributed to volatility in the commodity markets, including gold [3][4]. - **Federal Reserve Policy**: The potential for the Federal Reserve to cut rates without waiting for significant inflation decreases is a key factor influencing gold prices, with expectations of a terminal rate around 3% [8][9]. - **Inflation and Stagflation**: The current economic slowdown may support gold prices, with market concerns about stagflation, which typically benefits gold [8][9]. Important but Overlooked Content - **Long-term Debt Risks**: The resignation of Federal Reserve officials and increasing long-term debt risks have heightened market concerns about the independence of the Fed and the sustainability of developed countries' debt levels, contributing to rising gold prices [6][10]. - **Future Price Predictions**: For 2026, key factors to monitor include US labor data, global long-term debt risks, and geopolitical tensions, which will significantly impact gold prices [5][12]. - **Market Sentiment**: The upcoming US-China meetings may provide optimistic news, but the market has already priced in the easing of trade uncertainties, limiting the potential for significant gold price corrections [10][11]. Conclusion - The gold market is currently influenced by a complex interplay of economic data, geopolitical events, and Federal Reserve policies, with expectations of continued price support in the near term due to anticipated rate cuts and economic conditions. Future price movements will depend heavily on the evolution of these factors.

Group 1 - The energy sector has strengthened the guarantee of energy supply for people's livelihoods since the "14th Five-Year Plan," enhancing the accessibility, happiness, and safety of energy use for the public [1] - The supply of electricity, gas, and oil for daily life has been reinforced, with the process of electric energy substitution for terminal energy consumption continuously advancing [3] - Charging infrastructure now covers 98% of highway service areas nationwide, improving the convenience of energy use for the public [3] Group 2 - The government has been addressing urgent issues related to energy use for the public, continuously optimizing the business environment for electricity consumption [6] - Over the past five years, the cumulative investment savings for users have exceeded 300 billion [6] - The construction of distribution networks has been strengthened, with over 40,000 problematic lines and transformer stations rectified to address frequent power outages [6]