Breakfast | This Week's Biggest Puzzle: Will the Fed Raise Interest Rates? Strong Sales for iPhone 15

Good morning! A wonderful day starts with making money.

Today, the Tokyo Stock Exchange is closed for Respect for the Aged Day.

Market: Overnight and This Morning

This week, major events are happening in global markets as the Super Central Bank Week approaches.

The Federal Reserve leads more than 10 central banks in announcing the latest interest rate decisions. The September Loan Prime Rate (LPR) is released. The central bank's open market operations have 704 billion yuan of reverse repurchase agreements maturing. The Hangzhou Asian Games opens. The 8th Huawei Global Connectivity Conference is held.

What Happened to Blue-chip Stocks and Hot Stocks

Guo Mingxi: Maintaining the expectation of shipping approximately 80 million units of iPhone 15 this year

Since the pre-orders for iPhone 15 Pro Max started on Friday, the demand for this device has been "strong," and the expected shipping target for iPhone 15 this year remains at approximately 80 million units.

KKR acquires a 20% stake in a Singapore telecom data center subsidiary for a record price of 1.1 billion Singapore dollars.

Geely Holdings denies rumors of establishing an electric vehicle factory in Indonesia

Geely Holdings Group issued a statement denying recent media reports that Geely intends to establish an electric vehicle factory in Indonesia. These reports are inaccurate, and the company currently has no specific plans to invest in and build a factory in Indonesia.

Internet giants' performance collectively rebounds in the second quarter of this year

The total net profit increased by 46.352 billion yuan compared to the same period last year, and the total revenue increased by 130.3 billion yuan. Internet giants' revenue mainly comes from advertising, gaming, and e-commerce. Industry insiders predict that the recovery of internet giants will be even more pronounced in the third quarter and the second half of the year.

"Vietnam's Tesla" to expand business in Asia

VinFast announced plans to expand to seven markets in Asia, including Indonesia, with the goal of starting deliveries next year and establishing a factory in Indonesia by 2026, which will be its third factory globally.

UK consumers sue Google for violating competition law, seeking £7.3 billion in compensation

UK consumers have recently launched a collective lawsuit against US internet giant Google, accusing the company of violating competition law, stifling competition in the search engine market, harming the interests of enterprise users, and causing harm to consumer interests.

China Harbour Life Insurance takes over all assets and liabilities of Evergrande Life Insurance

China Harbour Life Insurance, a nationwide state-owned insurance company, has officially announced its establishment and has taken over all assets and liabilities of Evergrande Life Insurance, including policies.

IPO Opportunities

Fourth Paradigm launches Hong Kong IPO on the Hong Kong Stock Exchange

183.9 million shares will be globally offered for sale in Hong Kong, with an offering price range of HK$55.60 to HK$61.16. Trading is expected to begin on September 28 on the Hong Kong Stock Exchange.

Neusoft Xikang initiates IPO

Neusoft Xikang plans to globally offer 134 million shares, with an offering price ranging from HK$5.91 to HK$4.76. The IPO will take place from September 18 to 21, and the shares are expected to start trading on September 28. Zhongxu Future Initiates IPO

Zhongxu Future plans to globally issue 18.976 million shares, with an expected offering price ranging from HKD 14.00 to HKD 11.00. The IPO will be held from September 18th to 21st, and the shares are expected to start trading on the Main Board of the Stock Exchange of Hong Kong on September 28th.

Cheche Technology's Overseas Listing Approved through SPAC

The International Cooperation Department of the China Securities Regulatory Commission recently issued a notice regarding the overseas issuance and listing filing of Cheche Technology Inc. The company plans to list on the NASDAQ Stock Exchange in the United States through a merger with the overseas special purpose acquisition company Prime Impact Acquisition I, with a simultaneous issuance of up to 97,794,936 common shares.

Macro: Taking You Around the World

99% Probability of No Rate Change by the Fed This Week

According to CME's "Fed Watch," there is a 99% probability that the Federal Reserve will maintain interest rates at 5.25%-5.50% in September, while the probability of a 25 basis point rate hike to 5.50%-5.75% is 1%.

Goldman Sachs: Unlikely for the Fed to Raise Rates in November

Goldman Sachs expects the Federal Reserve to raise its forecast for US economic growth at this week's meeting from 1% to 2.1%. It also anticipates a downward revision of the unemployment rate forecast by 0.2 percentage points to 3.9% and a downward revision of the core inflation rate forecast by 0.4 percentage points to 3.5%.

Over 90% of Hong Kong GEM Stocks in Decline, Urgent Call for Reform

On September 15th, the S&P Hong Kong GEM Index closed at 25.3 points, with a year-to-date decline of 30%. Regulatory authorities have repeatedly expressed the need for reform in the Hong Kong GEM market. Industry insiders believe that substantial reforms are necessary, including market positioning, listing requirements, and eligible types of companies, which are all of great concern to investors.

Hong Kong Stock Market Liquidity Task Force Holds Another Meeting to Discuss Future Research Direction

Chairman Tang Jiacheng stated that the task force will focus on discussing proposals that can be implemented or put into effect in the short term, and exchange views on future research directions. Detailed discussions on short-term recommendations will be conducted in order to submit detailed proposals as soon as possible before the announcement of the policy address.

Some Hong Kong Banks Raise Interest Rates on HKD Time Deposits

HSBC and Bank of China Hong Kong have both raised their interest rates on 6-month HKD time deposits to 4.2 basis points. As for small and medium-sized banks, the highest rate is 4.7 basis points, with interest of HKD 11,750 for a deposit of HKD 500,000. Even with a low threshold, the highest rate is 4.35 basis points.

Significant Increase in Hotel Bookings in Mainland China, Beijing's Bookings Up 5.4 Times

U.S. Auto Workers' Strike Enters Its Third Day

On Friday, workers at factories in Michigan, Ohio, and Missouri went on strike. If the strike spreads to more factories, it could result in billions of dollars in losses. There are still significant differences between the union and Detroit automakers' executives. Negotiations are expected to resume on Monday.

Australian Gas Workers Hold Second Strike

The Offshore Alliance, a union coalition in Australia, has announced that workers at Chevron's Western Australian liquefied natural gas plant have begun their second 24-hour strike. The workers officially commenced a comprehensive 24-hour strike the previous day, which may continue until mid-October.

"G77 and China" Summit Adopts the "Havana Declaration": Calls for Comprehensive Reform of the International Financial Structure.

Mainland Real Estate Tax Legislation Postponed

The Legislative Plan of the 14th National People's Congress Standing Committee has been released. The highly anticipated legislation on real estate tax and revision of the personal income tax law did not appear in this legislative plan.

Mainland Lifts Restrictions on Real Estate Purchases

In early September, over 20 provinces and cities introduced nearly 30 policies, accounting for nearly half of the policy frequency in August. More and more cities are focusing on policy adjustments related to lifting restrictions on sales and purchases. Among them, Nanjing, Zhengzhou, Shenyang, and Dalian have completely lifted restrictions on purchases.