A-share evening hot spots | The State Council's heavyweight! It is related to the marketization of factors.

1. State Council approves 10-element comprehensive reform pilot of market-oriented allocation of factors Importance: On September 11th, the State Council issued a reply on the implementation plan of the comprehensive reform pilot of market-oriented allocation of factors in some regions nationwide: it agreed to conduct pilot projects of comprehensive reform of market-oriented allocation of factors in Beijing City sub-center, key cities in southern Jiangsu, Hangzhou-Ningbo-Wenzhou, Hefei urban agglomeration, Fuzhou-Xiamen-Quanzhou, Zhengzhou City, Changsha-Zhuzhou-Xiangtan, nine cities in the mainland part of the Guangdong-Hong Kong-Macau Greater Bay Area, Chongqing City, and Chengdu City within two years from today. 2. CPI "off the charts", initial claims steal the show, will the Fed continue rate cuts? Importance: In August, the seasonally adjusted CPI in the United States recorded a monthly rate of 0.4%, the highest since January, higher than the market's expectations and the previous value of 0.3%; the annual rate recorded 2.9%, the highest since January, in line with market expectations, and slightly increased from the previous value of 2.7%. The seasonally adjusted core CPI recorded a monthly rate of 0.3%, consistent with market expectations and the previous value; the annual rate recorded 3.1%, also meeting expectations and remaining unchanged from the previous value. At the same time, in the week ending September 6th, initial jobless claims in the United States reached 263,000, the highest since October 23, 2021, with the market expecting 235,000 and the previous value being revised down from 237,000 to 236,000. US short-term interest rate futures rose after the CPI data was released, with traders becoming more convinced of the Fed's rate cuts, fully pricing in three rate cuts by the end of 2025. Interest rate futures pricing reflects the bet that the Fed will cut rates by 25 basis points four times in a row by January next year. 3. Mexico plans to impose 50% tariffs on China and other countries, Foreign Ministry responds Importance: On September 11th, regarding Mexico's plan to impose 50% tariffs on some goods from China and other countries, Chinese Foreign Ministry spokesperson Lin Jian responded during a regular press briefing that China has always advocated inclusive economic globalization, firmly opposes the imposition of restrictions on China for various reasons under coercion from others, and infringing on China's legitimate rights and interests. (Continued...)