A-share Pre-market Briefing | Financial Street Holdings Forum Opens Today, Real Money to Boost Confidence! Multiple Companies Disclose Share Buyback Matters

Pre-market Briefing 1. Financial Street Holdings Forum Opens Today! Pan Gongsheng, Ding Xiangqun, Wu Qing, and Zhu Hexin to Deliver Keynote Speeches Type: Macro Sentiment Impact: Positive The 2026 Financial Street Holdings Forum Annual Meeting will be held from October 19 to 22 in Beijing at Financial Street Holdings. PBOC Governor Pan Gongsheng, NFRA Director Ding Xiangqun, CSRC Chairman Wu Qing, and SAFE Director Zhu Hexin will attend and deliver keynote speeches. In addition, on October 21, the CSRC will host a main forum focusing on "Building First-Class Investment Institutions, Serving High-Quality Development of the Capital Market, and Sharing New Opportunities in Investing in China." 2. Real Money to Boost Confidence! Hygon Information Technology and Dawning Information Industry Lead, Multiple Companies Disclose Share Buyback Matters Type: Company Sentiment Impact: Positive On the evening of October 18, multiple A-share companies including Shengyi Technology, Hygon Information Technology, and Dawning Information Industry released announcements on share buyback and share increase plans, using real money to boost market confidence. Among them, the Chairman of Shengyi Technology proposed a share buyback of RMB 200 million to 300 million; the Chairman of Hygon Information Technology proposed a buyback of RMB 500 million to 800 million; and the Chairman of Dawning Information Industry proposed a share buyback of RMB 300 million to 500 million. 3. Tech Stock Selloff Wave Sweeps Back Across US Equity Market! Nasdaq Fell Over 2% Last Friday, Semiconductor Index Fell for Eight Consecutive Days Type: Market Sentiment Impact: Negative Last Friday, the tech stock selloff wave swept back across the US equity market, with the Nasdaq falling over 2%. Safe-haven funds continued to flow into defensive names such as pharmaceuticals and retail. Nvidia-backed emerging cloud service provider CoreWeave fell over 11% on Friday, and the Philadelphia Semiconductor Index closed lower for the eighth consecutive trading day, marking its longest losing streak since 2008. This morning, South Korea's KOSPI opened more than 3% lower. SK Hynix fell 4%, and Samsung Electronics fell 3%. 4. State Council Executive Meeting: Continuously Deepen and Expand the "AI+" Initiative, Enabling AI Technology to Better Real Productivity Type: Industry Sentiment Impact: Positive Last Friday evening, the State Council Executive Meeting heard a report on the progress of the "AI+" initiative. The meeting noted that the "AI+" initiative should be continuously deepened and expanded. Emphasis should be placed on empowering applications, strengthening supply-demand alignment with a focus on the real economy, encouraging joint R&D, advancing pilot-scale testing and validation, and increasing efforts in scenario cultivation, so that AI technology can be better translated into real productivity. Investment Calendar State Council Information Office to Brief on Economic Conditions for the First Three Quarters Investment Tips Investment Tips: I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. Jim Rogers Institutional Views 1. Founder: The market is expected to build up for a rebound in the future; focus on investment opportunities in new quality productive forces and value-balanced directions. 2. Shenwan Hongyuan Group: Signals that the short-term adjustment is in its final stage have already appeared; the market has already oversold, and a small-scale rebound can be expected. 3. China Securities Co., Ltd.: Sentiment is sluggish; stay light on positions and wait for opportunities; focus on sectors such as banks, utilities, and the AI industry chain. Positive and Negative Outlook 1. "Wish-style" coding capability upgraded! DeepSeek launches: opens self-developed search API Type: Market Hot Topic Guotai Haitong: Software vendors that deeply engage in customers' core businesses, transform industry experience into reliable agent capabilities, and possess strong delivery capabilities are expected to benefit from upgrades of existing products and new demand for intelligent services. AI applications are expected to transition from technology investment into enterprise revenue growth and profitability improvement. 2. Orders and shipments already scheduled into next year! Apple's first foldable phone opens for pre-order Type: Market Hot Topic Huaxi: Apple has released its first foldable phone, with per-unit value rising sharply compared with bar-type phones; the foldable screen-related industry chain deserves close attention. In addition, affected by memory shortages, prices of the entire iPhone lineup have risen significantly, and domestic memory companies are expected to take on more spillover orders. 3. National Data Group may be officially inaugurated in the coming days, a key step in market-oriented reform of data elements Type: Market Hot Topic Guolian Minsheng: The establishment of the National Data Group is expected to promote the shift of public data from fragmentation to unified coordination, transforming data resource advantages into AI industry advantages. Vendors with capabilities in data element operations, governance, and security are expected to benefit fully. Announcement Express Positive Announcements 1. Victory Giant Technology: The actual controller proposed a buyback of RMB 150 million to 300 million of the company's A-share shares. 2. Shenzhen Techwinsemi Technology: Net profit for the first three quarters is expected to be RMB 8.65 billion to RMB 8.95 billion, turning profitable year-on-year. 3. Hengtong Optic-Electric: Net profit for the first three quarters is expected to be RMB 5.97 billion to RMB 6.37 billion, up 151.27%-168.1% year-on-year. Negative Announcements 1. Luenmei Quantum: The company and relevant shareholders received a case filing notice from the CSRC. 2. Beijing SPC Environment Protection Tech: Company director Wei Yuan is suspected of serious violations of discipline and law and is under disciplinary review and supervisory investigation. 3. ST Jiayuan: Received a penalty decision from the CSRC and was fined RMB 6 million. Overseas Markets Editor's note: The three major US stock indices all closed lower last Friday, with the Dow down 0.34%, the Nasdaq down 2.14%, and the S&P 500 down 1.09%. Popular tech stocks fell broadly, and the Philadelphia Semiconductor Index dropped 3.83%, its eighth consecutive trading day of decline. SanDisk, Western Digital, and SK Hynix fell more than 6%. This article is reprinted from "Tencent Zixuan Stocks". Edited by GMTEight: Li Fo.