- 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.
- November 7th Macroeconomic Index: China's IoT Connections to Exceed 3 Billion, Marine GDP Grows 5.4%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.
- The peak season for copper consumption is advancing, potentially driving copper prices higher in Q4. Qualcomm unveiled a new smartphone chip with improved performance. China's Ambassador for Disarmament highlighted severe challenges in international nuclear disarmament. The Fed's Schmid leans towards slowing interest rate cuts. Tesla faces a lawsuit over alleged copyright infringement during the Cybercab press conference.
- New funds are expected to accelerate their entry into the market as the 6-month opening period approaches. Private equity research is in full swing, with the consumer sector becoming a new favorite. The impact of new tools in the capital market on the bond market is moderate, and a fire at Shanghai Hongqiao Airport was suspected to be caused by a power bank.
- The A-share market experienced significant fluctuations, magnifying the risk of equity arbitrage strategies. Several banks' wealth management subsidiaries announced the early termination of products. The LPR is expected to see a 20 basis point reduction in October, aligning with macroeconomic policies. Chinese and Russian naval ships arrived in Qingdao after completing a joint exercise.
- Panda bond issuance has surpassed last year's total, with a 27.4% increase. The second batch of CSI A500 index funds is set to launch, and balanced allocation remains a key strategy for investment advisors in Q4.