Zhitong Hong Kong stocks have known for a long time | New car builders have released their September report card, and the fourth batch of 69 billion yuan of consumer goods trade-in funds has been issued
[Today's headlines]
The People's Bank of China will launch a 110 billion yuan buyout reverse repurchase operation
The People's Bank of China issued an announcement on September 30 stating that in order to maintain abundant liquidity in the banking system, the People's Bank of China will launch a 110 billion yuan buyout reverse repurchase operation on October 9 using fixed amounts, interest rate tenders, and multiple price wins for a period of 3 months. The reporter learned that a 3-month buyout reverse repurchase of 800 billion yuan will expire in October. As a result, the People's Bank of China launched a 110 billion yuan buyout reverse repurchase operation on October 9, which means a 3-month buyout reverse repurchase in October and an additional 300 billion yuan renewal. Wang Qing, chief macro analyst at Dongfang Jincheng, believes that the People's Bank of China is carrying out a buyout reverse repurchase operation to continue to inject liquidity into the market, sending a signal of continuous strengthening of quantitative policy tools, and at the same time helping to smoothly issue government bonds and better meet the credit financing needs of enterprises and residents.
[General outlook]
Popular Chinese securities generally rose, COMEX gold futures continued to reach record highs
Overnight, the Dow Jones Industrial Average rose 43.21 points from the previous trading day, or 0.09% to close at 46441.1 points; the S&P 500 stock index rose 22.74 points to close at 6711.2 points, or 0.34%, a new closing high; and the Nasdaq Composite Index rose 95.15 points to close at 22755.16 points, or 0.42%. Most of the big tech stocks rose, with Intel up more than 7%. According to sources familiar with the matter, Intel is in early-stage negotiations to include AMD with its factory customers; AstraZeneca rose nearly 10%, Micron Technology, and Lilly rose more than 8%, MSD and Roche rose more than 7%, Pfizer, Novo Nordisk rose more than 6%, and Asmack rose more than 3%.
Popular Chinese securities generally rose, Baidu and Century Internet rose more than 4%, and JD rose more than 3%. COMEX gold futures continued to reach a record high of 24.30 US dollars in the same month, an increase of 0.63% to 3897.5 US dollars/ounce.
[Hot Topics Preview]
The National Development and Reform Commission issued the fourth batch of 69 billion yuan of ultra-long-term special treasury bonds this year to support trade-in funds for consumer goods
The Zhitong Finance App learned that recently, the National Development and Reform Commission, together with the Ministry of Finance, issued the fourth batch of 69 billion yuan of ultra-long-term special treasury bonds this year to support trade-in funds for consumer goods. At this point, all 300 billion yuan of central funding for the whole year has been disbursed. In the next step, all relevant departments will further organize local authorities to rationally grasp the pace of work, improve fund use plans, spend subsidy funds in a balanced and orderly manner, strengthen product quality and price supervision, crack down on illegal and irregularities such as fraudulent compensation, implement consumer goods trade-in policies in a smooth and orderly manner, and promote the practical use of subsidy funds and see results.
US government shuts down with no employment report on Friday
It is expected that the current government shutdown will prevent the release of Friday's monthly employment report. This report on non-farm payrolls data is critical for investors and the Federal Reserve, which is deciding whether to cut interest rates again. According to an emergency plan from the US Department of Labor, which is responsible for publishing employment reports, economic data will not be released as scheduled if the government shuts down. A US Department of Labor spokesperson confirmed on Tuesday that Thursday's report on the number of people applying for unemployment benefits for the first time each week will also not be released.
In September, Macau Lucky Gaming's gross revenue of MOP 18.289 billion increased 6% year over year
The Zhitong Finance App learned that on October 1, the Macau Gaming Supervision and Coordination Bureau announced that the gross revenue of Macau Lucky Gaming in September was 18.289 billion patacas, an increase of 6% over the previous year. Macau's gross gaming revenue for the first nine months of this year reached MOP 181,341 billion, an increase of 7.1% over the previous year.
Apple is betting on AI glasses and shelving headset upgrades to compete against Meta
Apple has suspended plans to upgrade its Vision Pro headset and turned resources to a more urgent project: developing smart glasses that can compete with Meta Platforms products. According to people familiar with the matter, Apple originally planned to launch a lighter and cheaper version of the headset codenamed N100 in 2027, but last week it was announced internally that the project personnel would be transferred to the eyewear R&D department. According to reports, Apple is developing at least two smart glasses. The first model, codenamed N50, needs to be used with an iPhone. It is not equipped with a display. It is expected to debut as early as next year and go on sale in 2027. Another version with a display was originally scheduled to be released in 2028, and is now also speeding up development, and may directly challenge Meta's newly launched Ray-Ban Display smart glasses.
Price increased 10 times in 2 months! A number of wrapping paper companies have issued price increase letters
Recently, a number of wrapping paper companies issued a new round of price adjustment letters. According to incomplete statistics, this is the 10th price increase since August. Since July, paper companies have been issuing paper price increase letters one after another. Since August alone, individual paper companies have issued 10 price increase letters for wrapping paper types such as kraft paper and corrugated paper, with each increase ranging from 30 yuan to 50 yuan per ton. The reporter learned that the increase in demand brought about by the advent of the “Double Festival” combined with the rise in the price of raw waste paper from travel materials has jointly boosted the price of raw paper. It involves the Hong Kong stock Nine Dragons Paper (02689), etc.
The BEST host of China's nuclear fusion device has been fully constructed
A key breakthrough has been achieved in the construction of the BEST project of the compact fusion energy experimental device in Hefei, Anhui. The key component of the BEST device main engine, the Dewar base, was successfully developed and successfully delivered. It was successfully accurately positioned and installed in the BEST device host lobby, marking a new stage in the main engineering construction of the project. According to reports, the device will be the first international demonstration of nuclear fusion power generation. By 2030, it is expected to light up the first light through nuclear fusion. The concept of controlled nuclear fusion involves the Hong Kong stock Shanghai Electric (02727).
New car builders release report cards for September
Up to now: 1. Ideal cars: 33,951 vehicles were delivered in September, and a total of 93,211 vehicles were delivered in the third quarter. 2. Xiaomi cars: In September 2025, more than 40,000 Xiaomi cars were delivered. 3. Rantu Auto: Delivered 15,224 vehicles in September, a cumulative year-on-year increase of 85% in January-September. 4. Extreme Krypton Auto: Delivered 51,159 vehicles in September, up 8.5% year over year. 5. Zhiji Auto: Sales volume in September was 11,107 units, up 81.8% month-on-month, a record high for the brand. 6. Zero Sports Auto: 66,657 units were delivered in September, up more than 97% year on year. Monthly sales exceeded the 60,000 mark for the first time. 7. GAC Toyota: Sales volume reached 71,220 units in September and 56,7515 units in January-September, positive year-on-year growth. 8. NIO Auto: Delivered 34,749 vehicles in September, setting a new single-month record, up 64.1% year over year. 9. Xiaopeng Motor: A total of 41,581 new cars were delivered in September, an increase of 95% over the previous year. The monthly delivery volume exceeded 40,000 units, a record high.
Keystone Capital (00804) plans to acquire the entire issued share capital of Jumbo Company Limited for HK$40 million
According to Zhitong Finance App News, Keystone Capital announced that on September 30, 2025, the company (as the buyer) signed an agreement with the seller Joint System Limited. The company conditionally agreed to buy and the seller conditionally agreed to sell shares (all issued share capital of the target company Jumbo Company Limited) at a cost of HK$40 million. This fee will be paid through the issuance and allocation of 13.986 million price shares. The issue price for each share is HK$2.86.
VALA (02051): New model Vala Home officially released and pre-orders open
Zhitong Finance App News, VALA issued an announcement. On September 20, 2025, the company and Chongqing Ruichi Auto Industrial Co., Ltd. officially jointly announced the first domestic six-seater new energy camper with inclined roof — Vala Home. Vala Home can meet the potential needs of more customers by leveraging R&D from major manufacturers, innovative design and affordable prices, as well as the versatility of MPVs, the residential properties of motorhomes, and the low cost advantages of new energy vehicles. Recently, at the “2025 World Intelligent Industry Expo” held in Chongqing, Vala Home attracted a large number of visitors to stop and experience, and was also reported by authoritative media such as CCTV News Channel, and its novelty and practicality were recognized.
“Dong Yan”, a complex solution containing L-carnosine solution water light needle independently developed by Zihuan Pharmaceutical (00460), was approved for listing by the State Drug Administration
Zhitong Finance App News, Sihuan Pharmaceutical issued an announcement. The injectable sodium hyaluronate complex solution (trade name: Dong Yan) independently developed by the Group's subsidiary Qiyan Space Biotechnology (Jilin) Co., Ltd. (Jiyan Space) has officially obtained a Class III medical device registration certificate from the China National Drug Administration. This product combines the benefits of water light acupuncture with kinetic properties. It is the first water light needle with L-carnosine approved in China in recent years to temporarily improve dry skin and dull skin tone.
[Individual stock prices are clear]
Zijin Gold International (02259): Benefiting from the continued rise in international gold prices
Zijin Gold International is a gold mining enterprise of Zijin Mining outside of China. It is mainly engaged in gold exploration, mining, refining and sales, etc., and holds interests in eight gold mines in Central Asia, South America, Oceania and Africa. The eight mines are Buritika Gold Mine, Norton Gold Field Gold Mine, Rosbell Gold Mine, Aurora Gold Mine, Gilau/Taro Gold Mine, Akim Gold Mine, Left Bank Gold Mine, and Pogra Gold Mine. In addition, Zijin Mining announced in June this year to acquire a large-scale gold mine in Raygorodok, Kazakhstan for 1.2 billion US dollars. Currently, the project delivery work is progressing in an orderly manner.
Lee Eun Young of DBS Group Research reports that Zijin Gold International, a miner specializing in gold mining, is expected to continue to outperform its peers in terms of profitability and profit growth. The Hong Kong-listed company consolidated the overseas gold assets of parent company Zijin Mining. Strong gold reserves are expected to support the strong growth potential of Zijin Gold International, she said. Lee predicts that by 2025, Zijin Gold International's profit margin before interest, taxes, depreciation, and amortization will rise to 58.1%, higher than the 48% peer average. She also predicts that by 2027, Zijin International Gold's net profit compound annual growth rate will reach 51%, far exceeding the average of its peers of 44%.