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[New Mutual Recognition Model for Imported Fruit Supervision between China and Peru Piloted for the First Time on the Chancay-Shanghai Shipping Route] Recently, 12.2 tons of fresh blueberries were loaded into refrigerated containers at the Port of Chancay, Peru, and shipped to Shanghai via COSCO Shipping Lines' WSA5 express voyage. Unlike previous shipments, this batch of blueberries is the first to pilot the mutual recognition model for imported fruit supervision using cold-processing probes. As a core hub for Peruvian fruit imports, Shanghai Port handles over 70% of China's Peruvian fruit imports and is a crucial gateway connecting agricultural trade between China and Peru. (China News Network)

[Han Zheng Attends and Addresses the 81st Session of the UN General Assembly] On September 26, 2026, local time, Vice President Han Zheng attended and addressed the general debate of the 81st session of the United Nations General Assembly at the UN headquarters in New York. Han Zheng pointed out that the current international situation is complex and volatile, with protracted geopolitical conflicts, a widening development gap, and a multitude of global challenges. President Xi Jinping proposed the Global Development Initiative at the 76th UN General Assembly, and subsequently put forward the Global Security Initiative, the Global Civilization Initiative, and the Global Governance Initiative, providing strategic guidance for building a community with a shared future for mankind. More and more countries are willing to join hands, shoulder historical responsibilities, address difficulties and challenges, and enhance the common well-being of humanity. (Xinhua)

[First Grain-Carrying Foreign Vessel Successfully Navigates Chaozhou Port] The Greek-flagged vessel "Alfa Pride," carrying 69,000 tons of soybeans, successfully berthed at the Chaozhou Asia-Pacific Fuel Storage Public General Terminal (Distribution Base) on the 26th, having departed from Singapore. This marks the first time a foreign trade vessel directly importing soybeans has berthed at the terminal since it was approved as the first designated supervision site for imported grain in eastern Guangdong and western Fujian in August this year, signifying a new breakthrough in the "direct ocean transport" of imported grain through Chaozhou Port. (China News Network)

[Guangzhou Railway Bureau Expects 3.144 Million Passengers on First Day of Mid-Autumn Festival Holiday] On the first day of the Mid-Autumn Festival, the Guangzhou Railway Bureau saw its peak passenger flow, with an estimated 3.144 million passengers transported, an increase of 926,000 passengers, or 41.7%, compared to the same day last year. On the first day of the holiday, short- and medium-distance passenger flow showed a trend of radiating from major cities such as Guangzhou, Shenzhen, and Changsha to surrounding towns; long-distance passenger flow was mainly directed towards popular destinations such as Wuhan, Shanghai, and Nanchang, with a high concentration of outbound passengers at major railway stations such as Guangzhou South, Guangzhou East, and Shenzhen North. (Guangzhou Daily)

[Copper Strong, Silver Weak: Silver's Potential for Catch-Up Gains Attracts Attention] ⑴ While copper led the price increase, silver prices lagged significantly. ⑵ Despite copper hitting record highs, silver is still in a pullback from its peak. ⑶ If this lag is corrected, silver's upside potential is significant. ⑷ Silver has experienced a supply shortage for six consecutive years, and most of its production is as a byproduct of other minerals, making a sudden increase in output unlikely. ⑸ From a market perspective, rigid industrial demand and supply provide fundamental support for silver. If copper maintains its strength and drives a catch-up rally, the correction of the gold-silver ratio may become a focus of attention.

[Dollar Breaks Above 100, But 5% US Treasury Yield Changes Pricing Logic] ⑴ A proprietary foreign exchange framework indicates that the dollar regained momentum after the Fed's September decision, with the dollar index rebounding from a low of approximately 98.86 on September 8th, breaking through the psychological level of 100, and reaching approximately 101.1 on September 23rd. ⑵ Meanwhile, the yield on the 10-year US Treasury note has risen to around 5%, a significant increase from the low of less than 1% in 2020. ⑶ The dollar has recently been supported by strong factors including resilient US growth, a hawkish Fed stance, oil prices at $100, and geopolitical safe-haven demand. ⑷ However, the institution does not believe the dollar will break out in one direction. At these yield levels, rising term premiums increasingly represent tighter financial conditions, not just better US growth. ⑸ Its Q4 framework therefore indicates a high-level two-way consolidation; the dollar's short-term strength may continue, but the market may have already priced in more Fed tightening than ultimately realized. (6) From a market perspective, the positive correlation between the US dollar and US Treasury yields may weaken under the dominance of term premium. Going forward, attention should be paid to the two-way impact of the Fed’s actual interest rate hike path and changes in financial conditions on the US dollar.