China-US Trade Talks Begin, LPR Unchanged, and Middle East Situation Roundup

September 20, according to Jinshi Data, key macro and industry news for Sunday were released successively. Domestically, the one-year and five-year Loan Prime Rates (LPR) both remained unchanged; ChangXin Memory Technologies announced the official mass production of its fifth-generation technology platform; the State Administration for Market Regulation deployed governance of livestream e-commerce and cracked down on malicious low-price competition.

Internationally, China-US trade consultations officially commenced in New York. Fed's Kashkari stated that inflation remains too high, and the task is to bring inflation back down to the 2% target. US Treasury Secretary Bessent said the Treasury's buyback operations aim to increase liquidity and manage the debt maturity structure. Regarding the Middle East situation, the Iranian Parliament Speaker emphasized that the Strait of Hormuz will remain closed until conditions are met; the Iranian military warned that any US attack would invite retaliation; Trump stated he is making a decision on the Iran issue.

[TechFlow]