“Pre-market must-read | CICC’s “three-in-one” restructuring has been approved; New shares can be subscribed today with the “high school signing rate” option.”

CICC announced that its “three-in-one” restructuring plan (merging Dongxing Securities and Cinda Securities) has been approved by the China Securities Regulatory Commission. The related stocks will be officially suspended trading starting from September 15. The Ministry of Industry and Information Technology issued the “15th Five-Year Plan for the Development of the Information and Communication Industry,” aiming to build a new generation of communication networks by 2030 and enhance the modernization level of the industry. The Ministry of Industry and Information Technology, in conjunction with the State Administration for Market Regulation, issued a notice to regulate payment arrangements for automotive enterprise suppliers, clarifying the start date of payment terms, acceptance deadlines, and payment methods. Data from the central bank showed that China’s gold reserves reached 76.73 million ounces at the end of August, with foreign exchange reserves amounting to 343.8325 billion US dollars. Huawei announced on July the Mate XT 2 three-foldable phone equipped with the Kirin 9050 Pro chip; ChangXin Technology responded to market rumors, stating that it is expanding its server business and advancing the verification of domestic DUV lithography machines. Due to the American Labor Day holiday, U.S. stock markets were closed for one day. The Nikkei 225 index opened down 0.84%, while the Korean KOSPI index rose 0.72%.