纸浆主力 (SHF_SP) 加自选

在商家和消费者普遍抱怨之后，中国发布了旨在遏制互联网平台不公平定价行为的法规草案。国家发展和改革委员会周六宣布的拟议规则旨在提高在线销售商品和服务定价的透明度和公平性。平台和商家必须“通过合同和订单等标准化手段商定和更改价格”，并被要求“遵守明确的定价规定，提高定价规则的透明度，及时披露费用变化，以更好地接受公众监督。”此举是对主要平台操纵价格以促进销售和误导消费者的指控的回应。该草案将公开征求公众意见一个月。

China has released draft regulations aimed at curbing unfair pricing practices on internet platforms, following widespread complaints from merchants and consumers. The proposed rules, announced by the National Development and Reform Commission on Saturday, seek to promote transparency and fairness in pricing for goods and services sold online. Platforms and merchants must “agree on and change prices through standardised means such as contracts and orders,” and are required to “adhere to clear pricing regulations, increase the transparency of pricing rules and promptly disclose fee changes to better accept public oversight.” The move responds to allegations that major platforms manipulate prices to boost sales and mislead consumers. The draft is open for public comment for one month.

周一，中国10年期政府债券收益率交易至1.78%左右，徘徊在四周来的最高水平附近，这得益于对美联储鸽派立场的乐观情绪。在周五举行的美联储年度杰克逊霍尔研讨会上，主席杰罗姆·鲍威尔在9月17日的会议上表示，可能会降息，理由是就业风险上升。投资者预计，美联储的潜在降息可能会导致美国收益率下降，使中国资产更具吸引力。此外，中国央行中国人民银行于8月25日通过其一年期中期贷款工具（MLF）向银行体系注入了6000亿元人民币，旨在保持充足的流动性，并表明更宽松的货币立场。展望未来，投资者等待中国最新的采购经理人指数和工业利润数据，以了解世界第二大经济体的健康状况。

China’s 10-year government bond yield traded to around 1.78% on Monday, hovering near its highest level in four weeks, supported by optimism surrounding the US Federal Reserve’s dovish stance. At the Fed’s annual Jackson Hole symposium on Friday, Chair Jerome Powell indicated a potential interest rate cut at the September 17 meeting, citing rising risks to employment. Investors anticipated that the Fed's potential rate cuts could lead to lower US yields, making Chinese assets more attractive. Additionally, China's central bank, the People's Bank of China, injected CNY 600 billion into the banking system on August 25 through its one-year medium-term lending facility (MLF), aiming to maintain ample liquidity and signaling a more accommodative monetary stance. Looking ahead, investors await China's latest purchasing managers' index readings and industrial profits data for fresh insights into the health of the world's second-largest economy.

沪深300指数升至4470.00点，为2022年7月以来的最高点。过去4周，沪深300指数上涨8.05%，过去12个月上涨34.42%。

CSI 300 increased to 4470.00 Index Points, the highest since July 2022. Over the past 4 weeks, Shanghai Shenzhen CSI 300 Index gained 8.05%, and in the last 12 months, it increased 34.42%.

周一，离岸人民币微涨至7.16美元左右，将上一交易日的涨幅扩大至四周来的最高水平，这得益于对美联储鸽派立场的乐观情绪。美联储主席杰罗姆·鲍威尔在杰克逊霍尔研讨会上表示，9月17日的会议上有可能降息，理由是就业风险上升，美元面临压力。在国内，中国国务院正在考虑制定一个路线图，以加强人民币的国际使用，包括可能引入人民币支持的稳定币，以促进全球采用，并挑战美元支持的稳定货币的主导地位。央行向银行体系注入6000亿元人民币进一步支撑了人民币，确保了充足的流动性，并表明了更为宽松的货币政策。市场现在期待即将公布的PMI数据，以了解该县的经济势头。

The offshore yuan edged higher to around 7.16 per dollar on Monday, extending gains from the previous session to its highest level in four weeks, boosted by optimism over the US Federal Reserve’s dovish stance. The greenback came under pressure after Fed Chair Jerome Powell suggested at the Jackson Hole symposium that a rate cut at the September 17 meeting is possible, citing rising risks to employment. Domestically, China’s State Council is considering a roadmap to enhance the international use of the yuan, including the potential introduction of yuan-backed stablecoins to boost global adoption and challenge the dominance of US dollar-backed stablecoins. The yuan was further supported by the central bank’s CNY 600 billion injection into the banking system, ensuring ample liquidity and signaling a more accommodative monetary stance. Markets now look ahead to the upcoming PMI figures for insights into the county’s economic momentum.