Happy Mid-Autumn Festiva

Across the boundless land of our motherland, we jointly celebrate this grand National Day; with determined efforts, we forge ahead to embark on a new journey together

On September 17 (U.S. local time), the Federal Open Market Committee (FOMC) announced a 25-basis-point cut to the target range of the federal funds rate, lowering it to 4.00%-4.25%. This marks the Federal Reserve's first interest rate cut in 2025 and its first policy adjustment since December last year.

On September 11 local time, the three major U.S. stock indices simultaneously hit record highs: the Dow Jones Industrial Average closed up 1.36%, the Nasdaq Composite rose 0.72%, and the S&P 500 Index gained 0.85%.

On September 3 local time, the Nasdaq exchange announced proposed changes to its listing standards. The proposed rules have now been submitted to the U.S. Securities and Exchange Commission (SEC) for review.

In 2025, the fundraising amount of SPACs accounted for 37% of the total scale of U.S. IPOs, a substantial increase of 21 percentage points compared to three years ago.

Eastern Time on July 10, Youlan International successfully listed on NASDAQ via the SPAC method, with the stock symbol "YOUL".