What happened in the past 24 hours｜September 28, 2026
【Key highlights of the day】
1. Updated industrial profit data: In January to August, China’s industrial enterprises above designated size nationwide recorded total profits of RMB 5,271.98 billion, up 15.7% year-on-year. The figures are based on comparable terms. The cumulative data reflect the first eight months; they do not represent the month-on-month growth rate.
2. The PBOC conducted a reverse repo operation worth RMB 139 billion with a 7-day maturity, using a fixed interest rate and quantity bidding, meeting the needs of primary dealers in full. The operation size and the final changes in market liquidity should be understood separately.
3. Suda Laser (速腾聚创) announced that its E2 and EM4 LiDARs have officially been integrated with NVIDIA Holoscan Sensor Bridge. This disclosure concerns product-platform integration progress and does not provide any new order or profit data.
【A-shares/China assets】
1. On Monday morning, China’s tech sector weakened: the ChiNext index fell by more than 3%, the STAR Market 50 index dropped by more than 2%, and sectors such as batteries, communications equipment, and semiconductors came under pressure. This is an intraday snapshot, not the closing outcome.
2. Power and complete-vehicle (automobile) sectors rose against the trend: Zhejiang Xinneng and Zotye Auto hit the daily limit. Stock movement diverged across sectors; localized gains cannot be taken to represent the whole market.
【Overseas markets】
1. At the open on Monday, Japan’s Nikkei 225 rose 0.31% to 66,569.63 points. South Korea’s KOSPI opened down 0.28%, and then the intraday decline widened to 1%. All of the above are opening or intraday information.
2. Japan’s 2-year government bond yield rose by 4 basis points during the day to 1.975%. Yield increases are related to price movements and should not be directly interpreted as the central bank having already adjusted policy rates.
【Change reminders】
1. On September 28, the RMB/USD central parity rate was set at 6.7399, up by 90 pips. The central parity is an exchange-rate reference and is not the same as the actual price at which individuals execute foreign exchange transactions.
2. Central government reserve cotton sales will stop starting September 30. From September 28 to 29, reserve cotton will be re-allocated at a minimum sales price of RMB 16,341 per ton. Pay attention to the difference between scheduled dates and the eventual transaction results.
【Domestic leads】
1. The China Meteorological Administration’s Central Meteorological Observatory warned that a stronger cold front will affect the Jiangnan region and areas north of it from the north, with temperatures dropping by around 10°C in parts of Inner Mongolia; rainfall will continue from West China to the Jianghuai region. Check local weather before traveling.
【Overseas leads】
1. A report by the Financial Times said that Indonesia has lowered the minimum trading price for stocks, aiming to improve liquidity by allowing lower-price trades. The rule change does not guarantee improved trading volume or price performance.
Source: Compiled from publicly available information on the internet. For research and study only; not investment advice.
【Key highlights of the day】
1. Updated industrial profit data: In January to August, China’s industrial enterprises above designated size nationwide recorded total profits of RMB 5,271.98 billion, up 15.7% year-on-year. The figures are based on comparable terms. The cumulative data reflect the first eight months; they do not represent the month-on-month growth rate.
2. The PBOC conducted a reverse repo operation worth RMB 139 billion with a 7-day maturity, using a fixed interest rate and quantity bidding, meeting the needs of primary dealers in full. The operation size and the final changes in market liquidity should be understood separately.
3. Suda Laser (速腾聚创) announced that its E2 and EM4 LiDARs have officially been integrated with NVIDIA Holoscan Sensor Bridge. This disclosure concerns product-platform integration progress and does not provide any new order or profit data.
【A-shares/China assets】
1. On Monday morning, China’s tech sector weakened: the ChiNext index fell by more than 3%, the STAR Market 50 index dropped by more than 2%, and sectors such as batteries, communications equipment, and semiconductors came under pressure. This is an intraday snapshot, not the closing outcome.
2. Power and complete-vehicle (automobile) sectors rose against the trend: Zhejiang Xinneng and Zotye Auto hit the daily limit. Stock movement diverged across sectors; localized gains cannot be taken to represent the whole market.
【Overseas markets】
1. At the open on Monday, Japan’s Nikkei 225 rose 0.31% to 66,569.63 points. South Korea’s KOSPI opened down 0.28%, and then the intraday decline widened to 1%. All of the above are opening or intraday information.
2. Japan’s 2-year government bond yield rose by 4 basis points during the day to 1.975%. Yield increases are related to price movements and should not be directly interpreted as the central bank having already adjusted policy rates.
【Change reminders】
1. On September 28, the RMB/USD central parity rate was set at 6.7399, up by 90 pips. The central parity is an exchange-rate reference and is not the same as the actual price at which individuals execute foreign exchange transactions.
2. Central government reserve cotton sales will stop starting September 30. From September 28 to 29, reserve cotton will be re-allocated at a minimum sales price of RMB 16,341 per ton. Pay attention to the difference between scheduled dates and the eventual transaction results.
【Domestic leads】
1. The China Meteorological Administration’s Central Meteorological Observatory warned that a stronger cold front will affect the Jiangnan region and areas north of it from the north, with temperatures dropping by around 10°C in parts of Inner Mongolia; rainfall will continue from West China to the Jianghuai region. Check local weather before traveling.
【Overseas leads】
1. A report by the Financial Times said that Indonesia has lowered the minimum trading price for stocks, aiming to improve liquidity by allowing lower-price trades. The rule change does not guarantee improved trading volume or price performance.
Source: Compiled from publicly available information on the internet. For research and study only; not investment advice.