B[Step 5 Preview weights are open] On October 15th, according to Step News, the Step 5 Preview weights were officially released today. This time, BF16 and FP8 model weights, technology blogs, and supporting open source development tools will be opened. According to reports, Step 5 Preview is designed for long-range Agent tasks, using a sparse MoE architecture, with a total parameter volume of 600B and only 27B of activation parameters per token. It supports 1 million token context windows and natively supports text and visual input. Currently, model weights have been launched on Hugging Face and ModelScope, and provide adaptation support for a variety of chip platforms and inference frameworks. B[Partial changes in the semiconductor equipment sector, Oriental Jiasheng's straight daily limit] On October 15th, there were partial changes in the semiconductor equipment sector during the session, with Oriental Jiasheng's straight daily limit. Previously, it reached the daily limit of Pure Technology, and Haichuan Intelligent, Jingyi Equipment, Juzi Technology, Xinlai Materials, Torrens, etc. followed suit. On the news, JPMorgan Chase predicts that the global wafer manufacturing equipment (WFE) market will reach US$163 billion in 2026, a year-on-year increase of 31%; it will further increase by 38% to US$225 billion in 2027; it will reach US$263 billion in 2028, a year-on-year increase of 17%. B[Main Fund Monitoring: Xinyi Sheng’s net sales exceeded 1.2 billion] October 15th, the market tracking data showed that in early trading today, the main funds had a net inflow into the pharmaceutical, chemical and pharmaceutical, food and beverage industries and other sectors, and a net outflow from the electronics, semiconductor, communications and other sectors, of which the electronic sector had a net outflow of over 9.1 billion yuan. In terms of individual stocks, N Lianya ranked first with net purchases of more than 400 million yuan by main funds, Huanrui Century, Kweichow Moutai, and Shanghai Electric Co., Ltd. ranked first in net inflows of main funds; Xinyi Sheng suffered net sales of more than 1.2 billion yuan, and Zhongji InnoLight, Changxin Technology, and Cambrian ranked first in net outflows of funds. B[Pan Gongsheng attended the fourth central bank governors’ meeting between China and the GCC and held a series of bilateral meetings] October 15th, according to the official website of the central bank, on October 14, 2026, Pan Gongsheng, governor of the People’s Bank of China, attended the fourth central bank governors’ meeting between China and the Gulf Cooperation Council (GCC) member states in Bangkok, Thailand. All parties conducted in-depth exchanges on topics such as investment transactions, cross-border payments, and deepening cooperation between the People's Bank of China and the central banks of the GCC countries. The central bank governors of participating countries said that China and the GCC countries have close economic, trade and financial ties. The current international situation is complex and ever-changing, and it is of great significance to further deepen economic and financial cooperation between the two sides. The two sides will continue to promote local currency cooperation, deepen cross-border payment cooperation, expand two-way investment, strengthen financial market infrastructure connectivity, and strengthen communication and coordination in international economic and financial affairs.
During the meeting, Pan Gongsheng met with Khalid, Governor of the Central Bank of the United Arab Emirates, Bandar, Governor of the Qatar Central Bank, Ahmed, Governor of the Central Bank of Oman, and Finance Minister Sultan. They exchanged views on bilateral financial cooperation and other issues, and renewed the bilateral local currency swap agreement with the Governor of the Qatar Central Bank. Vice President Xu Changneng attended the above meetings and interviews.10-15 10:55
B[2026 North Bund International Shipping Forum opens on October 20] October 15th, the 2026 North Bund International Shipping Forum will be held at the North Bund World Conference Hall in Hongkou District from October 20 to 21. It will continue to be co-sponsored by the Shanghai Municipal People's Government and the Ministry of Transport. The theme of the 2026 North Bund International Shipping Forum is "Common Challenges, Common Mission - Promoting the Resilient Development of Global Shipping". The forum includes two main forums: the opening ceremony, international shipping and international aviation, and five themed forums on maritime traffic safety, finance and insurance, digital intelligence, green and low carbon, and judicial arbitration. During the same period, Shanghai Pudong International Shipping Week, Global Maritime Forum Conference and other activities will be held, with a total of more than 60 events. (Published in Shanghai) B[He Qingwen, Chairman of CFFEX: Solidly advancing preparations for the RMB foreign exchange futures pilot] October 15th, today, at the 2026 Shanghai Derivatives Market Forum co-organized by the Shanghai Futures Exchange and CICC, He Qingwen, Chairman of CFFEX, delivered a speech saying that CFFEX is steadily advancing to expand opening up to the outside world. In April this year, QFI's participation in treasury bond futures trading was officially launched. Currently, a total of 39 QFIs have registered to include treasury bond futures in the scope of investment products, and 11 QFIs have been approved for treasury bond futures hedging quotas, promoting more international allocation funds to enter the Chinese bond market. Currently, in accordance with the unified deployment of the China Securities Regulatory Commission, CFFEX is solidly advancing preparations for the RMB foreign exchange futures pilot to ensure the smooth launch of the pilot. (Reporter Zhou Xiaoya) B[Hangzhou: Apply to withdraw housing provident funds for the renovation of self-occupied housing in the city, with a maximum limit of 250,000 yuan] On October 15th, the Hangzhou Housing Provident Fund Management Committee issued a notice on improving the policy on the use of housing provident funds. It is mentioned that households with deposited employees can apply to withdraw housing provident funds for the decoration of their own homes in this city by presenting the house decoration VAT invoices and decoration contracts issued by enterprises with professional contracting qualifications for construction decoration and decoration projects. The total amount withdrawn shall not exceed the value of the VAT invoice, and the maximum shall not exceed 250,000 yuan. For self-occupied houses that have obtained real estate ownership certificates for more than 15 years (inclusive) and undergo aging renovation, renovation and decoration, the total amount can be withdrawn based on the fixed quota of 1,000 yuan/square meter and the area of the house, without providing a value-added tax invoice or decoration contract. If a family of a deposited employee applies for renovation withdrawal again, it must be 10 years since the last renovation withdrawal. A[PCB concept continues to be active, Aohong Electronics continues to hit a record high on 11 boards in 19 days] On October 15th, the PCB concept continued to be active during the day, and Aohong Electronics continued to hit a record high on 11 boards in 19 days. Previously, Jinlu Electronics, Junya Technology, Chongda Technology, and Tianjin Pulin followed suit, and Jiayuan Technology, Eton Electronics, Sihui Fushi, Ultrasonic Electronics and other stocks rose by more than 5%. B[Hangzhou issues local implementation opinions on the reform of the commercial housing sales system] On October 15th, the Hangzhou Municipal Housing Security and Housing Administration Bureau, the Municipal Planning Resources Bureau, the Municipal Construction Committee, and the Zhejiang Financial Supervision Bureau jointly issued the "Implementation Opinions on the Implementation of the "Notice on Improving the Commercial Housing Sales System" (Trial)", improve the commercial housing sales system by strengthening the pre-sale management of commercial housing, orderly promoting the sales of existing commercial housing, implementing the host bank system, increasing financing support, optimizing land supply management, supporting project development in phases, and implementing phased completion filing. The "Implementation Opinions" require strengthening the supervision of pre-sale funds for commercial housing. The real estate administrative departments at the municipal and district levels shall perform the duties of supervising the pre-sale funds of commercial housing and undertake the specific work of supervising the pre-sale funds of commercial housing within their jurisdiction. For commercial housing projects that announce the transfer of state-owned construction land use rights after August 28, 2026, if pre-sales are implemented, the purchase funds such as deposits, down payments, personal housing loans, installment or one-time purchase payments, etc. paid by the home buyers should all be deposited into the fund supervision account opened by the agency under the real estate administrative department. Fund supervision will be lifted after the commercial housing project is completed and accepted, and supporting facilities such as water, electricity and water meet the delivery conditions.10-15 10:18
B[Zhang Yue, Deputy Director of the Futures Supervision Department of the China Securities Regulatory Commission: Cultivate more basic strategic varieties that meet market demand and have broad economic influence] October 15th, today, at the 2026 Shanghai Derivatives Market Forum co-organized by the Shanghai Futures Exchange and the China Financial Futures Exchange, Zhang Yue, deputy director of the Futures Supervision Department of the China Securities Regulatory Commission, delivered a speech, saying, It is necessary to enrich product supply, consolidate the spirit of development, keep up with the needs of enterprises and the development of the national economy, focus on serving national strategies, improve the layout of futures and options varieties, and focus on cultivating more basic strategic varieties that meet market demand, have wide radiating coverage, and have great economic influence. At the same time, "one product, one policy" will be used to refine existing varieties. In addition, it is necessary to expand opening up to the outside world, enhance international influence, steadily expand the scope of opening of specific products, expand the types of transactions that QFI can participate in, deepen overseas authorization of settlement prices, cross-border delivery cooperation, etc., optimize the international business rule system, strive to enhance rule stability and regulatory transparency, attract more overseas institutions to participate in the domestic futures market, and enhance the international competitiveness and recognition of Shanghai prices. (Reporter Zhou Xiaoya) B[Deputy Director of the Futures Supervision Department of the China Securities Regulatory Commission Zhang Yue: Always maintain a strict tone, zero tolerance and high pressure Strictly crack down on futures illegal activities] Today, at the 2026 Shanghai Derivatives Market Forum co-organized by the Shanghai Futures Exchange and the China Financial Futures Exchange, Zhang Yue, deputy director of the Futures Supervision Department of the China Securities Regulatory Commission, delivered a speech, saying that it is necessary to improve regulatory efficiency, adhere to the bottom line of the revolution, adhere to coordinated development and safety, establish a risk-based regulatory concept, promote three-dimensional monitoring of cross-temporary spot, cross-market and internal and external risks, cross-domestic and overseas risks, comprehensive management and control, and coordinated handling to ensure the safe and stable operation of the market. We must always maintain a strict tone and zero-tolerance high-pressure posture, severely crack down on futures illegal activities, effectively protect the legitimate rights and interests of traders, and maintain good market order. (Reporter Zhou Xiaoya) B[CICC: Improving the suitability of services for medium- and long-term capital entry into the market] On October 15, He Qingwen, Secretary of the CFFEX Party Committee and Chairman, stated at the "2026 Shanghai Derivatives Market Forum" that in recent years, CFFEX has implemented two rounds of action plans to improve the quality of institutional participation, implemented the medium- and long-term capital risk management plan for four consecutive years, actively promoted the revision of market entry policies, cultivated medium- and long-term capital strategic customers, strengthened relevant institutional training, and promoted more incremental funds to enter the capital market. In the first half of this year, the average daily holdings of medium and long-term funds increased by 11.6%. In the future, CFFEX will continue to adhere to the concept of integrating futures and cash and synergizing futures and cash, and continue to increase the efforts of medium and long-term funds to enter the market, so that medium and long-term funds can be used, wanted to be used, and make good use of financial futures to better meet their investment and development needs.
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