In October, China's SME development index increased by 0.3 points, marking the largest monthly increase since March last year. Additionally, green loans in China grew rapidly, with a balance of 35.75 trillion yuan as of the end of the third quarter, up 25.1% year-on-year.

China's central and local governments are speeding up the implementation of policies to support the private economy, while the number of registered private enterprises in the country has surpassed 55 million. The National Development and Reform Commission is enhancing communication mechanisms and promoting private capital participation in major infrastructure projects.

China's exports in October increased by 12.7% year-on-year to $309.06 billion, reaching a 27-month high. Imports fell by 2.3% to $213.34 billion. The trade surplus was $95.73 billion, the third highest in history. In the first 10 months of 2024, China's total import and export value was $5.07 trillion, up 3.7% year-on-year.

The offshore yuan rose for the second consecutive day, with short-term implied volatility surging. The total number of private economic entities in China reached 180,864,800 as of the end of September, marking a significant increase over the past decade. The Ministry of Industry and Information Technology encourages mergers and reorganizations of high-quality new energy vehicle enterprises to enhance industry concentration and combat unfair competition.

China's commodity price index in October showed significant positive changes in economic operation, with prices rising 3% month-on-month. The Caixin services PMI rebounded to 52, a three-month high, indicating improved market demand and economic vitality.

China's IoT connections are expected to surpass 3 billion this year, and the marine GDP grew by 5.4% in the first three quarters, reaching 7.7 trillion yuan. The State-owned Assets Supervision and Administration Commission aims to ensure the successful completion of central enterprise reform and development goals. The Ministry of Industry and Information Technology is selecting the first batch of advanced and applicable technologies. Internationally, the 'Trump deal' faced skepticism, causing the dollar to fall and U.S. bonds to rise. Singapore's MAS is promoting tokenization in financial services, and Japan successfully launched its new H3 rocket.

China's manufacturing PMI rose to 50.3 in October, returning to the expansion range. The real estate market saw a surge, with 'Silver Oct.' surpassing 'Golden Sep.' for the first time since 2007. The Ministry of Commerce plans new consumption policies, and the 12th Session of the 14th NPC Standing Committee discusses several key laws.

In the first three quarters, China's total social logistics reached 258.2 trillion yuan, growing 5.6% year-on-year. The manufacturing PMI price index saw a significant rebound in October, with the purchase price index and ex-factory price index rising by 8.3 and 5.9 percentage points, respectively.

China's imports and exports in national pilot free trade zones increased by 11.99% in the first three quarters. The IATA aviation industry financial settlement system will be the first to use digital yuan, promoting its internationalization in the global aviation industry. The 136th Canton Fair's third phase launches with 11,703 exhibitors, while Transport Canada lifts restrictions on Chinese mainland airlines.

The RMB reached a two-month low on Monday, pressured by rising US Treasury yields and a depreciating yen. The yen fell 1% to a three-month low, and Japan's ruling coalition lost its majority in the House of Representatives for the first time since 2009. In other news, China's social logistics grew by 5.6% year-on-year in the first three quarters, and BRICS countries are accelerating standardization to eliminate trade barriers.

China's Council for the Promotion of International Trade criticizes US and EU economic restrictions, violating WTO rules. Meanwhile, Beijing's industrial enterprises saw a 19.1% year-on-year profit increase in the first three quarters.

In the third quarter, the civil aviation industry received 200 million passengers, showing a positive trend. The Agricultural Bank of China has provided over 30 billion yuan in loans to key grain areas. Policies for soybean processing subsidies and reserve purchases are planned. 48,000 old urban communities were renovated nationwide. The e-port visa pilot will expand to all of Shanghai Pudong.

EY China Chairman highlights China's significant role in the global financial system, noting its leading position in banking assets, stock, bond, and insurance markets. President Xi Jinping returns to Beijing after attending the 16th BRICS Summit. Other domestic news includes Charles Schwab's observations on China's newly wealthy, the opening of a 24-hour self-service government center in Hengqin, and insurance companies focusing on product innovation. Internationally, the US Baltimore bridge collision freighter agrees to $102 million in compensation, Musk's net worth surges, and Morgan Stanley appoints Ted Pick as Chairman.

IBM reported a Q3 net loss of $330 million, leading to a post-market stock drop. QFII investments favored non-ferrous metals, basic chemicals, and agriculture. Foreign institutions are actively researching and investing in A-shares, focusing on electronics, chemicals, and machinery sectors.

The Central Meteorological Observatory issued a blue warning for Typhoon Tanmei, which is approaching the Philippines. Meanwhile, the 'Swap Facility for Securities, Funds, and Insurance Companies' has been quickly implemented, boosting stock market activities. Xie Chuntao led a CPC delegation to Denmark, and China's representative opposed unilateral coercive measures at the UN. Qualcomm and Google are collaborating on automotive AI products, with Mercedes-Benz set to use Qualcomm chips.