cr holdings announced in the evening that as of September 8, 2024, four executive directors of the company (who collectively hold approximately 2.2% equity interest in the company in accordance with the Securities and Futures Regulation XV) have committed to the company that they will not sell any equity interests in the company during the period from September 8, 2024 to March 7, 2025 ("lock-up commitment"). Each executive director may terminate his lock-up commitment by giving the company written notice five calendar days in advance.

Super typhoon 'Moji' has caused some impact on the coastal areas of Guangxi. In Beihai City, various departments have entered the post-disaster repair phase. Due to the impact of typhoon 'Moji', the 10 kV 920 koda line in Ma'antang branch was disconnected, affecting 650 surrounding households and 5 shrimp ponds. On the morning of the 8th, when the typhoon weakened, the repair team of Beihai Power Supply Bureau carried out repair work. After 6 hours of continuous repair, the branch resumed power supply. Up to now, Guangxi has mobilized nearly 0.02 million personnel, 714 emergency generators have been repaired, and 95% of the users affected by the typhoon in Guangxi power grid have restored power supply. (CCTV News)

Starting from September 8th, the flights, sea transportation, and local transportation to and from Hainan will gradually resume in an orderly manner, helping accelerate post-disaster recovery and ensuring normal production and daily life.

On September 8, the Qiaomo Port, which connects Zhuhai and Macau, celebrated its third anniversary. Over the past three years, the border inspection departments of Zhuhai and Macau have continuously cooperated closely in law enforcement and have continuously improved their level of service. Approximately 68 million passengers have been processed, effectively promoting the interconnectedness of the South China Greater Bay Area and allowing more residents of Hong Kong and Macau to enjoy the achievements of the integrated development of the Greater Bay Area. (CCTV News)

Ping An Securities research reports pointed out that the overall PB ratio of A-shares is 14.38%, reaching a peak in nearly ten years, representing the position of PB ratio from the dimension of enterprise operation bankruptcy and liquidation; the forward PE ratio of the whole A-shares is 15.39 times, at a low level of about 8% in nearly ten years; the stock-bond risk premium is better than the 95% level in nearly ten years; these data indicate that the current market is in an extremely pessimistic position, with the market at a low valuation level and relatively attractive, with limited downside potential. In terms of external environment, there is hope for the gradual introduction of policies to boost domestic demand in September, although the intensity may be relatively mild, the intention to maintain economic growth will continue to be released; the price signals are temporarily difficult to see a turning point, more positive factors need to be accumulated to completely reverse expectations. Looking at the driving factors for the repair of market pessimistic sentiment, after the risk landing of A-share semi-annual and quarterly reports, they temporarily enter a period of performance vacuum; the expansion of Huijin's shareholding range and the intervention of the central bank in the yield curve, the consistent expectation of dividend increase is temporarily affected, and the market style is expected to undergo a phase of balance restoration.

China Merchants Securities research report pointed out that there have been some changes in the market style since the end of August, with obvious adjustments in dividend assets. After the end of the semi-annual report, the market has also begun to lay out new directions, and there have been obvious increases in consumer, manufacturing, and technology growth sectors. Looking ahead, China Merchants Securities believes that the current profitability tends to be low growth and low volatility, and pursuing high intrinsic return rate and upward trend in specific sectors is still the choice for the future market. In terms of industry, it is recommended to focus on areas that are expected to stabilize first, such as automotive, home appliances, and retail in the consumer services sector; power grid equipment and machinery equipment in the mid-to-high-end manufacturing industry; and electronics and pharmaceuticals in the technology and pharmaceutical sector.

According to the data, Tesla's market share in the electric car market in China has dropped from 9% a year ago to 6.5% in July this year, and since 2019, Tesla has never released new electric cars in China. In response, Tesla CEO Musk replied "stupid" and emphasized that the Tesla Shanghai factory is running at maximum capacity.

On the evening of September 8th, Innocare (688428) announced that the company recently successfully completed the "Phase 2 end" meeting with the US Food and Drug Administration (FDA) regarding the clinical development of ombutinib for the treatment of multiple sclerosis (MS), and reached an agreement with the FDA to initiate Phase 3 clinical research on ombutinib in patients with primary progressive multiple sclerosis (PPMS). This is an important milestone for the company's commitment to develop innovative and effective treatments to meet the unmet clinical needs of MS patients. The FDA also recommended that the company initiate a second Phase 3 clinical trial for secondary progressive multiple sclerosis. The company will accelerate the progress of the above projects and strive to bring these urgently needed therapies to MS patients as soon as possible to improve their quality of life.

According to the latest views of China International Capital Corporation, the market has shown more bottom features, but confidence repair still requires more positive factors support. In recent times, the A-share market has continued to be weak, with a greater adjustment in major broad-based indices, and a lack of overall market theme, resulting in a correction in previous strong sectors. From the recent market environment perspective: 1) the profitability of A-share listed companies still needs to be repaired. With the disclosure of interim reports by listed companies, the year-on-year growth rates of revenue and profits in the first half of the year have shown negative growth, non-financial enterprise ROE continues to decline, capital expenditure growth turned negative in the second quarter, and cash flow quality declined, reflecting the need for improvement in corporate profitability and future expectations. 2) Investors are looking for further expansion of stable growth policies. Recently announced August manufacturing PMI data reflects the continued weakness in domestic demand, and high-frequency data on real estate continues to weaken. In combination with the interim reports of listed companies, the current environment requires further expansion of stable growth policies. 3) Overseas disruptive factors have increased marginally. This week, the US released economic data for August, with weak ISM manufacturing PMI, ADP employment data, and non-farm payroll data causing concerns about a slowdown in the US economy and leading to a pullback in major global stock markets. In addition, the second round of US presidential debates and the possibility of a US interest rate cut in September may also affect domestic investor risk preferences.

Innocare announced that the company has successfully completed the 'End-of-Phase 2' (EOP2) meeting with the United States Food and Drug Administration (FDA) regarding the clinical development of ocrelizumab for the treatment of multiple sclerosis (MS). The company has reached an agreement with the FDA to initiate a Phase 3 clinical study of ocrelizumab in patients with primary progressive multiple sclerosis (PPMS).