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Financial
*PBOC: Gold reserves rose to 76.73 million ounces at end-August, marking the 22nd consecutive month of purchases.
*China’s foreign exchange reserves stood at US$3,438.325 billion at the end of August, up US$19.549 billion from the previous month.
Industrial Economy
*MIIT issued the 15th Five-Year Plan for the information and communication sector, which proposes to deploy 10,000-card and 100,000-card-plus AI computing clusters in an orderly manner, and step up efforts to adapt domestic AI chips, targeting RMB 3.8 trillion in cumulative infrastructure investment by 2030 and AI computing power scale of 9,800 EFLOPS.
*Huawei unveiled the Mate XT 2 tri-fold smartphone in Guangzhou on the 7th, powered by the latest Kirin 9050 Pro chip, the world’s first flagship chip to implement the “Tao’s Law” and adopt logic folding technology, delivering a leapfrog improvement in chip performance.
*Goldman Sachs sharply raised its optical module market forecasts. It projects the global optical module market to reach approximately $67.7 billion, $131.4 billion and $148.5 billion in 2026‑2028, representing upward revisions of 33%, 81% and 115% from prior estimates.
Sep 7 Block Trade Info
*Discount
-Advanced Micro-Fabrication Equip (688012 CH) saw 22 block trades worth 332.92mn at 321.54yuan per share, 4.14pct discount from last closing.
-ASR Microelectronics (688220 CH) saw 44 block trades worth 296.46mn at 85.41yuan per share, 6.71pct discount from last closing.
-Grace Fabric Tech (603256 CH) saw 22 block trades worth 288.27mn at 108.62yuan per share, 10.00pct discount from last closing.
For more insights, please visit Orient Futures Singapore’s research platform, Finoview.

