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On September 22, the Hong Kong Stock Exchange (HKEX) continued to advance its listing mechanism reforms and launched a 10-week public consultation. The consultation document disclosed that the reforms involve simplified arrangements for various listed company transactions and spin-off listings. Following the previous phase of listing mechanism reforms targeting new shares, this second phase focuses on ongoing regulatory requirements for issuers after listing, covering three main areas: disclosable transactions, connected transactions, and spin-offs. The new rules aim to make it more flexible and efficient for Hong Kong-listed issuers to conduct significant acquisitions, sales, and spin-offs of subsidiaries. Under the current Hong Kong Stock Exchange Listing Rules, transactions by listed issuers are categorized according to percentages of assets, profits, revenue, and consideration: transactions reaching 5% but less than 25% are classified as "disclosable transactions," requiring only an announcement; transactions reaching 25% but less than 75% (sales) or 100% (acquisitions) are classified as "major transactions," requiring a circular and shareholder approval; larger transactions are categorized into "very substantial acquisitions" and "very substantial sales."On September 22nd, at the 2026 Hangzhou Yunqi Conference, Pingtouge announced its plans for the Yitian server CPU. In 2027, it will launch two generations of server CPUs, the Yitian 720 and Yitian 730, with continuously improving single-core performance. In the future, Pingtouge will also launch the Yitian 750 based on its second-generation self-developed core. This chip supports Pingtouges self-developed ICN inter-chip interconnect bus protocol, allowing direct interconnection with the Zhenwu AI chip via the ICN bus, further improving the collaborative efficiency between the CPU and the AI chip and meeting the computing power demands of the Agentic era.September 22nd - According to a Wall Street Journal survey of ten economists, nine expect the Indonesian central bank to keep its benchmark seven-day reverse repo rate unchanged at 5.75% on Wednesday. One economist predicts the central bank will raise rates by 25 basis points to 6.0%. HSBC economists stated in a report that the stability of the Indonesian rupiah may give the central bank room to hold rates steady at its September meeting. However, oil prices, El Niño, and the dollars performance could pose risks to inflation, the fiscal deficit, and the trade balance, and could weaken the rupiah later this year. HSBC expects the next central bank rate hike to occur in the fourth quarter, bringing the benchmark rate to 6.0%.On September 22, the new generation of Qianwen AI hardware made its debut at the Yunqi Conference, including the Qianwen AI Glasses N1 and N1 Pro, and the Qianwen AI clip-on earphones. Online pre-orders for the three new products opened on the same day, and they will be available for immediate purchase on October 13.European Central Bank Chief Economist Lane: We have not yet seen a second wave of inflation. Rising energy prices will push up food prices, and pressure on the service sector should remain under control. The economy will grow at a stable but moderate pace.

International gold prices rose slightly, but the bulls must flee in time!

Oct 26, 2021 11:03

On Wednesday (October 13), international gold prices strengthened slightly, and the yields of the U.S. dollar and 10-year Treasury bonds fell slightly to bring support. Investors are waiting for the US inflation data to be released to study and judge the Fed’s policy normalization path.

At GMT+8 14:38, spot gold rose 0.15% to US$1762.76 per ounce; the main COMEX gold contract rose 0.19% to US$1762.6 per ounce; the US dollar index fell 0.15% to 94.382.


With the increase in global inflationary pressures, money market prices are reacting in advance to actively raise interest rates. The US September CPI data will be released on Wednesday at 20:30 GMT+8, and the minutes of the Fed’s policy meeting on September 21-22 will be released at 2:00 GMT+8 on Thursday (October 14).

DailyFX exchange rate strategist Ilya Spivak said: "We will see the US Consumer Price Index (CPI) data and the important September Federal Open Market Committee (FOMC) meeting minutes, so I think that after this period of consolidation, gold Will be able to obtain a directional catalyst. If the CPI data further heat up, then we may see the Fed may need to speed up the interest rate hike expectations."

St. Louis Federal Reserve Chairman Brad said on Tuesday (October 12) that he supports the Fed starting to reduce the pace of asset purchases next month and end the plan next spring to raise interest rates if necessary to keep inflation down.

In an interview with CNBC, Brad said: “The argument that inflation naturally fades is reasonable, but I only want to give this scenario a 50% possibility.” He added that he hopes to keep inflation high or otherwise for the next few months. Be prepared for the possibility of further gains. "I just want to be prepared in case we have to act in advance so that we can take action next spring or summer as a last resort."

Jeffrey Halley, senior market analyst for OANDA Asia Pacific, said in a report that risk aversion was also increasing before the US earnings season. The threat of the Fed's reduction of stimulus should limit gold's gains, and it will continue to trend downward in the coming weeks.

The International Monetary Fund (IMF) on Tuesday lowered the growth prospects of the United States and other major industrialized countries, and said that continued supply chain disruptions and price pressures hindered the recovery of the global economy from the new crown epidemic.

The IMF said that US economic growth may shrink further because its forecast assumes that the US Congress will approve President Biden’s 10-year US$4 trillion infrastructure and social expenditure plan. Lawmakers are now trying to reach a consensus on a smaller plan, and the IMF said that a significant reduction in the size of the plan would weaken the growth prospects of the United States and its trading partners.

The Democratic-controlled U.S. House of Representatives finally approved a bill passed by the Senate on Tuesday to temporarily increase the government’s borrowing limit to $28.9 trillion and postpone the risk of default until at least early December.

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