Important financial news affecting the market during the holidays are:

 Li Keqiang said he has the confidence and ability to keep the economy operating within a reasonable range and promote sustained and healthy economic development. The central bank lowered the interest rate of the first set of individual housing provident fund loans by 0.15 percentage points; Before the end of next year, residents can enjoy personal income tax rebate; Supervision encourages banks to further increase medium - and long-term loans to the manufacturing industry, and 21 national banks are expected to add 1 trillion to 1.5 trillion yuan in August to December; The Hang Seng Index surged 1,000 points on Wednesday, while the technology index jumped 7%; Byd sold 201,300 new energy vehicles in September, an increase of 183.07%. Haitian food industry issued a statement to deny the "double standard".

macroeconomy

 He stressed that to let China's large aircraft fly in the blue sky, bearing the will of the country, the dream of the nation and the expectations of the people, we must give full play to the advantages of the new national system, adhere to safety first, quality first, consistent, finish, and work for a long time, make greater breakthroughs in key core technologies, accelerate large-scale and serialized development, and steadily promote the construction of a manufacturing power. We will make unremitting efforts to build a modern socialist country in an all-round way and realize the Chinese dream of great national renewal.

Li Keqiang: We have the confidence and ability to keep the economy operating within the proper range and promote sustained and sound economic development

Li Keqiang pointed out that China is still the world's largest developing country and there is still a long way to go to achieve modernization. No matter how the international situation changes, we will concentrate on running our own affairs well and let the Chinese people live a better life. This year, due to the impact of unexpected factors, the Chinese economy has encountered new downward pressure, but on the whole, it has shown a steady recovery. We have the confidence and ability to keep the economy operating within the proper range and promote sustained and sound economic development. China owes its rapid development to reform and opening up. Going forward, we will continue to deepen reform and open wider to inject strong impetus into development. We will continue to promote the reform of "deregulated services", treat all types of market players equally, and create a market-oriented and law-based international business environment. We will promote global collaboration on science and technology innovation with a more open attitude, so as to bring more benefits to the world through innovation.

At the end of September, the scale of China's foreign exchange reserves was 3,029 billion US dollars, a decrease of 0.85%

By the end of September 2022, the scale of China's foreign exchange reserves was 3,029 billion US dollars, down 25.9 billion US dollars, or 0.85%, from the end of August. In September 2022, cross-border capital flows were generally stable, and domestic foreign exchange supply and demand continued to be basically balanced. In the international financial market, influenced by the monetary and fiscal policies of major countries, macroeconomic data and other factors, the US dollar index further rose, and global financial asset prices fell sharply. Due to the combined effect of exchange rate translation and asset price changes, the scale of foreign exchange reserves decreased slightly in the month.

The supervision encourages banks to further increase the medium - and long-term loans to the manufacturing industry. 21 national banks are expected to add 1 trillion to 1.5 trillion yuan in August to December

Securities Times reporters learned from a number of information sources that the regulatory authorities have recently encouraged banks to further increase credit in the manufacturing industry, medium - and long-term loans, real estate and other areas. Among them, in terms of medium and long-term loans to the manufacturing industry, 21 national banks are required to encourage another 1 trillion to 1.5 trillion yuan from August to December on the basis of about 1.7 trillion yuan of medium and long-term loans to the manufacturing industry, and the growth rate of medium and long-term loans to the manufacturing industry of various banks is not less than 30% in principle. Some bankers revealed that their internal daily report to the management of the day of the whole system of manufacturing medium and long-term loan data; Another banker reflected that the relevant ministries will collect statistics and inform the banks of medium - and long-term loans in the manufacturing industry on a weekly basis.

October fund outlook: It is expected to maintain loose MLF shrinkage operation or will continue

After the capital level smoothly crossed the end of the quarter, whether there will be a trend upward in the fund interest rate in October, whether the RMB exchange rate will hinder monetary policy, has become the focus of market attention. Citic Securities estimates that without taking into account the maturity of the medium-term lending facility (MLF) and reverse repos, there was a liquidity gap of about 400 billion yuan in October. Specifically, the supply pressure of government bonds has eased. With reference to the local bond issuance plan announced by some provinces and cities and the historical law of national debt issuance, it is expected that the overall net financing of government bonds in October is about 300 billion yuan; In October, fiscal revenues often exceeded expenditures, and tax rebates were basically completed, leaving a gap of 200 billion yuan. The demand for cash withdrawal is weakened, M0 may decrease by nearly 100 billion yuan, and the impact of foreign exchange funds outstanding is still weak; It is expected that RMB deposits excluding non-bank deposits will decrease by 500 billion yuan in October, and the corresponding payment pressure will be reduced by about 40 billion yuan.

Global market

Other global stock markets and asset performance during the "National Day" holiday: International crude oil prices rose the largest weekly increase since March

"National Day" holiday European and American stock markets first rose and then fell, the overall closed mainly up. Opec + announced a sharp production cut to boost oil prices, and international crude oil prices posted their biggest weekly gain since March.

Hong Kong stocks Hang Seng Index rose 3% during the National Day, civil aviation and energy stocks were strong

The Hang Seng Index closed down 1.51 per cent at 17,740.05, up 3 per cent in the four trading days during the National Day holiday. The Hang Seng Technology Index fell 3.30% today, and gained 2.6% during the National Day holiday. In terms of individual stocks, ideal Automobile fell nearly 15% today, Kingsoft software fell more than 15%, and NiO fell more than 10%. Today, the three major new forces of car manufacturing led the Hong Kong auto sector, Ideal Automobile (02015.HK) fell 14.75%, NIO (09866.HK) fell 10.47%, Xiaopeng Automobile (09868.HK) fell 6.04%, Great Wall Motor (02333.HK) fell more than 5.75 percent, BYD shares (01211.HK) fell 3.66 percent.

U.S. nonfarm payrolls rose 263,000 in September, higher than expected

U.S. nonfarm payrolls rose 263,000 in September, compared with estimates of 255,000 and 315,000 in August. The U.S. unemployment rate came in at 3.5 percent in September, versus 3.7 percent in the previous estimate. Average hourly earnings in the U.S. rose 5.0% year-over-year in September, versus expectations of a 5.0% increase. The Fed funds rate showed a 92 percent chance of a 75 basis point hike in November, up from 85.5 percent before the September payrolls report.

Credit Suisse offered to buy back up to SFr3 billion in cash

Credit Suisse Group announced on October 7 that Credit Suisse International has offered to repurchase a portion of OpCo's senior debt securities in cash for an amount of approximately CHF 3 billion. Credit Suisse announced on the same day that it was making cash offers for eight senior debt securities denominated in euros or sterling for a total consideration of up to €1bn. At the same time, Credit Suisse also announced a separate cash tender offer for 12 dollar-denominated senior debt securities for up to $2bn. Both offers are subject to various conditions set forth in their respective offer memoranda. These offers will expire on November 3, 2022 and November 10, 2022, respectively.

Latest announcement from the European Central Bank! Worry sends many signals

"The 75 basis point rate hike is seen as a proportionate response to further upward revisions in the inflation outlook and an important signal. It demonstrates the Committee's determination to bring inflation back to its 2 percent objective in a timely manner." The minutes of the ECB's September monetary policy meeting, released on October 6, said. The ECB announced in September that it was raising all three key eurozone interest rates by 75 basis points, the biggest increase since the euro was launched in 2002. The pace of interest rate rises, near the "biggest in history", has failed to bring inflation down. Under the haze of "gas", the eurozone inflation data continue to deteriorate, and the signs of economic recession are becoming more and more obvious.

The prototype of Tesla's humanoid robot Optimus is expected to sell for less than $20,000

Tesla CEO Elon Musk kicked off AI Day 2022 with the official unveiling of the humanoid robot Optimus prototype. Tesla has shown videos of humanoid robots moving boxes, watering plants and moving metal rods in car factories. Musk said that Optimus Prime is a very powerful robot, its production is very high, the future could reach millions of units; It is expected to cost much less than the car, possibly less than $20,000.

"Core" cool cool! What happened to the US chip giant Explosion?

The chip giants are flashing a barrage of red flags. First of all, the US chip giant AMD suddenly warned that it expected its third quarter revenue to be about $5.6 billion, much lower than expected ($6.71 billion), which directly led to a share price plunge of more than 13.8%, and the market value of more than $15.18 billion (about $108 billion) in a single day. The total market value fell to about $94.34 billion. In addition, South Korean chip giant Samsung Electronics also "exploded". On October 7, local time, Samsung disclosed a preliminary results report showing that operating profit in the third quarter fell 32%, the first decline in nearly three years. Overnight US stocks closed, the chip sector collective tumbled, the Philadelphia semiconductor index and semiconductor industry ETF SOXX closed down 6.1%, 6%.

Financial capital

Northbound funds in the third quarter of strong inflows into the two main lines of consumption and new energy these stocks net buying ranks first

Under the resonance of the uncertainty interwoven at home and abroad, the northbound capital turned into a net outflow again in the third quarter. With the uncertainty factors at home and abroad again intertwined resonance, the pace of northbound capital allocation of A-shares slowed down again in the third quarter, with A total net outflow of 19.6 billion yuan during the period. On the one hand, the accelerated tightening expectation of the US Federal Reserve, the pressure on the RMB exchange rate, the concern about the game of great powers and other factors have repeatedly disturbed the risk appetite of northbound funds; On the other hand, the pace of recovery after the epidemic in China has slowed down, and the downward pressure on real estate still exists, or to a certain extent, the willingness to increase the allocation of funds to the north has been suppressed.

Which tickets are surveyed in September? The robot concept is the most eye-catching! These companies rushed to break the threshold before the release of Optimus Prime

At the beginning of the fourth quarter, how is the organization likely to be laid out in this important window? The September survey could provide a clue. In a number of manufacturing stocks, robot concept stocks appear particularly "eye-catching". The Tesla robot "Optimus Prime" of all parties concerned only revealed its true face on October 1, Beijing time, but institutions have participated in the research of robot concept stocks in September. Yiheda and Eston attracted 574 and 557 institutions to research in September, respectively, and the Jingshan light machine, which combines perovskite and robot concepts, attracted 378 institutions to research.