The person in charge of the National Development and Reform Commission will attend the press conference, and the flow of people in the whole society during the National Day holiday will exceed 2 billion

【Market Data】

By the close of trading on September 30, the Shanghai Composite Index rose 8.06% to 3,336.5 points, the STAR 50 Index rose 17.88% to 872.37 points, the Shenzhen Component Index rose 10.67% to 10,529.76 points, and the ChiNext Index rose 15.36% to 2,175.09 points.

On Monday (October 7), the three major United States stock indexes closed down across the board. At the close, the Dow fell 0.94% to 41,954.24, the S&P 500 fell 0.96% to 5,695.94, and the Nasdaq fell 1.18% to 17,923.9.

In terms of international oil prices, as of the close of the day, the price of light crude oil futures for November delivery on the New York Mercantile Exchange rose by $2.76 to close at $77.14 per barrel, an increase of 3.71%; London Brent crude futures for December delivery rose $2.88, or 3.69%, to settle at $80.93 a barrel.

【Financial News】

1. According to the State News Network, the Information Office of the State Council will hold a press conference at 10 a.m. on October 8, 2024 (Tuesday), inviting Zheng Shajie, director of the National Development and Reform Commission, and Liu Sushe, Zhao Chenxin, Li Chunlin, and Zheng Bei, deputy directors of the National Development and Reform Commission, to introduce the relevant situation of "systematically implementing a package of incremental policies, solidly promoting the optimization of the upward structure of the economy, and the continuous improvement of the development trend", and answer questions from reporters.

2. According to the Securities Times, in the face of the bull market, the Shanghai Stock Exchange has taken new measures. On the evening of October 6, the Shanghai Stock Exchange announced that in order to further improve the efficiency of designated trading business, the time for accepting designated transaction declaration instructions was adjusted from 9:15 to 9:25, 9:30 to 11:30 and 13:00 to 15:00 on each trading day to 9:15 to 11:30 and 13:00 to 15:00 on each trading day. In this regard, a brokerage person explained that the key word is "designated transaction", which does not involve changes in the trading system and has no impact on customer transactions. The main purpose of this time adjustment is to facilitate the declaration of designated transactions for new account openings and improve efficiency, which is also a countermeasure to the surge in account opening during the holiday, which can be regarded as the system optimization of the Shanghai Stock Exchange. The new measure does not cancel the call auction and does not affect the opening time.

3. According to The Paper, China's foreign exchange reserves have increased for more than three consecutive months, while gold reserves have remained unchanged for five consecutive months. According to data released by the State Administration of Foreign Exchange on October 7, as of the end of September 2024, the size of the mainland's foreign exchange reserves was US$3,316.367 billion, an increase of US$28.152 billion, or 0.86%, from US$3,288.215 billion at the end of August. Gold reserve data released by the People's Bank of China on October 7 showed that gold reserves stood at 72.8 million ounces at the end of September, unchanged from the end of April, the end of May, the end of June, the end of July and the end of August.

4. Due to the outstanding money-making effect of A-shares before the National Day and the hot market transactions, which led to the failure of some investors' bank-securities transfers, in order to facilitate investors to enter the market after the holiday and meet the bank-securities transfer needs of customers after the holiday, on October 7, the surging news learned that GF Securities, CITIC Securities, Huatai Securities and other securities companies coordinated with banks to open the bank-securities business in advance, as early as 6:50.

5. According to the Securities Times, the recent strong performance of the A-share market has stimulated investors' enthusiasm for account opening and investment. In order to meet the needs of investors, during the National Day holiday, brokerages provide services with both hands × "online + offline", on the one hand, the vast majority of brokerages have launched 724-hour online account opening services; On the other hand, the business departments of some securities companies have arranged on-site duty for employees to fully protect the account opening and consulting needs of investors.

6. According to the China Securities Journal, the A-share market is about to usher in the first trading day of October. During China's National Day holiday, the Hong Kong stock market and US-listed Chinese concept stocks rose hand in hand, and the attention of Chinese assets in the global market continued to rise, and investors were looking forward to the continuation of the upward trend of A-shares before the National Day holiday. In the view of industry institutions, the current market is in the transition stage from the expected inflection point to the market inflection point, and in the future, with the continuous implementation of incremental policies, the price signal represented by housing prices is likely to confirm the inflection point within the year, and it is expected to open an annual bull market with the core characteristics of the credit cycle. In terms of allocation, in the short term, it is recommended to pay attention to the direction of deep decline and rebound, low-valuation varieties and some elastic varieties, and in the medium and long term, grasp the opportunities in the direction of science and technology, domestic demand, and going overseas.

7. According to CCTV News, China's Ministry of Housing and Urban-Rural Development revealed that during the National Day holiday, the number of visits to most real estate projects participating in promotional activities increased by more than 50% year-on-year. Specifically, from October 1 to noon on the 3rd, the number of new houses in Beijing increased by 92.5% compared with the same period last year, and the subscription volume tripled; The number of second-hand houses increased by 104.1% over the same period last year. The number of daily visits to some properties in Guangzhou exceeded 150 batches, which was twice as high as usual.

8. According to the China Securities Journal, the data of Lighthouse Professional Edition shows that as of 13:00 on October 7, the box office of the 2024 National Day file (October 1-October 7) exceeded 2 billion yuan. The box office results of "Volunteers: Battle for Survival", "749 Bureau" and "Road to Fire" were 823 million yuan, 353 million yuan and 346 million yuan respectively, ranking among the top three in the box office list of the National Day file in the film market. In this year's National Day file, the head films have driven the box office market effect significantly, and many masterpieces with box office and word-of-mouth have emerged. For the follow-up market trend, industry insiders said that after the stock of films is digested, the market lacks blockbusters, and the industry needs patience and confidence.

9. According to CCTV News, preliminary statistics from the Ministry of Transport show that from October 1 to 7, it is estimated that the total number of cross-regional personnel in the whole society will be about 2.008 billion, with an average daily increase of 4.1%.

10. According to The Paper, on the evening of October 7, Yibin Wuliangye Co., Ltd. announced that in accordance with the spirit of Document No. 61 [2024] of Yifu Ren of Yibin Municipal People's Government, nominated by the nomination committee of the board of directors, it was agreed to nominate Hua Tao as a candidate for non-independent director of the sixth board of directors of the company, and his term of office is the same as that of other directors; After being elected, he will also serve as a member of the Strategy Committee, the Overall Budget Management Committee and the Nomination Committee of the Board of Directors of the Company. Due to physical reasons, Jiang Wenge recently applied for resignation as a director of the company and relevant special committees under the board of directors, and the resignation report will take effect from the date of delivery to the board of directors. In addition, nominated by the Nomination Committee of the Board of Directors, the Board of Directors of the Company appointed Hua Tao as the General Manager of the Company, whose term of office is the same as that of other senior managers; Jiang Wenge no longer holds the position of general manager of the company.

11. According to The Paper, on October 7, Beijing time, the winners of the "2024 Nobel Prize in Physiology or Medicine" were announced. Sweden the Nobel Congress of the Karolinska Institute in Stockholm announced that the award was awarded to Victor Ambros of the University of Massachusetts Medical School ·United States and Gary Ruvkun of United States Harvard Medical School · for their discovery of microRNAs and their role in the regulation of post-transcriptional genes. They will share 11 million Sweden krona (about 7.45 million yuan).

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