**Market Overview**
Following last week's intense short-selling pressure, bullish forces began to emerge after withstanding the downturn. Both mainland and Hong Kong markets rebounded positively today, with the Hang Seng Index closing up 0.85%.
U.S. August seasonally adjusted non-farm payrolls recorded only 22,000 new jobs, significantly below market expectations of 75,000. A 25 basis point Fed rate cut is now virtually certain, and if inflation data remains subdued, a 50 basis point cut becomes possible.
Innovative pharmaceutical stocks saw direct catalysts, with Fosun Pharma (02196), CanSino Biologics (06185), WuXi Biologics (02269), and CMS (00867) all gaining over 6%.
**International Developments**
External conditions remain challenging. Around 6 PM local time on September 7, Japanese Prime Minister and Liberal Democratic Party President Ishiba held an emergency press conference at the Prime Minister's residence, announcing his decision to resign from the LDP presidency. Caught between U.S. and domestic pressures with no viable solutions, he chose to step down voluntarily.
France's government also faces instability. Prime Minister François Bayrou's administration may collapse on Monday, triggered by his attempts to gradually reduce France's massive debt. Currently, France's total government debt has reached 3.35 trillion euros, projected to hit 116% of economic output this year, making it one of the eurozone's highest debt levels. Interest payments have surged from 26 billion euros in 2020 to 66 billion euros, exceeding education or military budgets.
Trump announced on Sunday his readiness to advance the second phase of sanctions against Russia, hinting at potential intensified sanctions on Russian territory or oil buyers, likely targeting India primarily.
OPEC seized the opportunity to increase production and capture Russian market share. On September 7, OPEC announced that eight major oil-producing countries among OPEC and non-OPEC members decided to increase daily production by 137,000 barrels in October. Oil shipping leader COSCO SHIPPING Energy (01138) surged over 9% again.
**Domestic Restructuring**
China continues promoting world peace and conducting mutually beneficial trade with nations globally. Domestically, active measures are being taken for internal restructuring. Former CSRC Chairman Yi Huiman was investigated after overseeing 1,700 IPOs during his 5-year tenure, with the 3,000-point level breached 20 times.
Additionally, China's Foreign Ministry announced sanctions against Japanese Senator Ishiihara, freezing his movable and immovable assets and other properties within China. The Foreign Ministry criticized Ishiihara for "betraying his origins, selling his conscience, colluding with anti-China forces, and provocative troublemaking."
Strict crackdowns on various harmful elements are necessary to set the record straight and restore confidence in the stock market.
**Tech Giants Rally**
A positive development today was the active rebound of major internet giants. Bloomberg journalist Mark Gurman revealed the latest progress on Apple Intelligence's China version. Due to internal and external issues, Apple failed to launch the domestic Apple Intelligence as planned mid-year, but continues working toward this goal. Alibaba will continue as the foundational model provider for domestic Apple Intelligence services, while Baidu AI will support Siri and visual intelligence, equivalent to OpenAI's role in non-domestic versions. Apple plans to launch by year-end.
On September 5 evening, Alibaba's Tongyi Qianwen launched Qwen3-Max-Preview (Instruct) with 1T parameters, its largest model to date, achieving significant enhancements in Chinese-English understanding, complex instruction following, and tool calling, while substantially reducing knowledge hallucinations.
Today, Alibaba (09988) rose over 4%, Baidu (09888) surged over 9%, and Tencent (00700) gained nearly 2%.
**Robotics and AI Focus**
Over the weekend, Tesla's board approved a $1 trillion compensation plan to keep Musk focused on the company. This massive compensation plan mentions cumulative delivery of 1 million robots as a product target. Tesla also opened a Weibo account named 'Tesla AI', posting its first message showcasing the new Optimus humanoid robot.
Variable Robotics announced securing 1 billion yuan in A+ round funding. Robotics enthusiasm resurged, with Sanhua Intelligent Controls (02050) surging over 15% today following inclusion in the Hang Seng Composite Index. Microport Cardiorobotics-B (02252) gained over 10%, with institutions predicting full-year installations could reach 45 units.
**Energy Sector Developments**
The National Development and Reform Commission and National Energy Administration released implementation opinions on promoting high-quality "AI+" energy development. By 2027, an initial energy-AI integration innovation system will be established. By 2030, AI applications in energy will reach world-leading levels.
Key energy stocks include: Longyuan Power (00916), CGN New Energy (01811), Huaneng Power (00902), China Power (02380), and China Resources Power (00836).
**Individual Stock Spotlight: CMS (00867)**
CMS achieved strong performance in H1 2025 with revenue of approximately 4.0 billion yuan (up 10.8% YoY) and net profit of about 930 million yuan (up 3.1% YoY). The company's strategic transformation shows initial success, with exclusive/branded and innovative products generating combined revenue of 2.9 billion yuan (up 20.6% YoY), representing 62.1% of total pharmaceutical sales.
CMS has successfully commercialized 5 innovative drugs, with two additional products expected to receive approval in 2025. The pipeline includes multiple blockbuster candidates entering late-stage clinical development in China, expected to be commercialized within 1-3 years. The company has cumulatively developed approximately 40 differentiated innovative pipeline projects, including 20 self-developed projects.
**Featured Stock Performance**
SKYWORTH GROUP (00751) surged over 34% today. On September 5, at the IFA 2025 exhibition, SKYWORTH GROUP showcased over 100 AI smart home appliance products across multiple categories including smart displays and smart home devices. The surge may relate to the founder's mention last year of plans to spin off certain innovative businesses for separate listings in 2025.