[Morning News Selection on October 22] 1. On the afternoon of October 21, Premier Li Qiang met with Russian President Vladimir Putin in St. Petersburg. Li Qiang pointed out that China is willing to work with Russia to better leverage their complementary economic advantages, maintain the current good development trend of bilateral cooperation, strengthen practical cooperation in energy resources, economic and trade investment, transportation and other areas, achieve more positive results, and promote common prosperity between the two countries. 2. The General Office of the CPC Central Committee and the General Office of the State Council issued opinions on promoting the deep integration of scientific and technological innovation and industrial innovation. It is proposed to fully implement the "artificial intelligence +" action to promote the all-round empowerment of artificial intelligence in thousands of industries; to promote decisive breakthroughs in key core technologies such as integrated circuits, industrial motherboards, and high-end instruments. 3. The Shanghai Stock Exchange held a market mobilization meeting for the first batch of active ETFs yesterday. The meeting aimed to promote the joint efforts of all parties in the market to ensure the smooth operation of the first batch of active ETFs and guide medium and long-term funds to enter the market. 4. Shanghai issued the "Shanghai Urban Renewal Three-Year Action Plan (2026-2028)" to implement a complete renovation of 700,000 square meters of old housing and build iconic open spaces such as Little Lujiazui Public Space and Fuxing Island North. 5. Recently, the scale of ETFs has continued to rebound, and the 100-billion-level product camp has once again expanded. As of the close of trading on October 21, there were 5 ETFs with a market size exceeding 100 billion yuan. On October 20, the net inflow of stock ETFs was 10.792 billion yuan, of which the net inflow of broad-based ETFs was 11.504 billion yuan; the net inflow of credit bond ETFs was 7.407 billion yuan. The capital layout showed the characteristics of broad-based ETFs and credit bonds going hand in hand. 6. The latest report released by the Banking Industry Financial Management Registration and Custody Center shows that as of the end of the third quarter of 2026, a total of 147 banking institutions and 32 wealth management companies across the country have existing financial products, with a total of 54,300 existing products and a scale of 35.37 trillion yuan, a year-on-year increase of 10.08%. 7. Ukrainian President Zelensky expressed his willingness to reach a peace agreement on the basis of retaining at least 75% of territorial control. 8. The U.S. State Department confirmed on October 21, local time, that it had ordered the evacuation of non-emergency U.S. government employees and their families stationed in Saudi Arabia. 9. Company news: ① The Shanghai Stock Exchange issued regulatory warnings to Nanwei Software and relevant responsible persons. ② 4-connected board Dongan Power: It is not engaged in the flying car business and only matches the range extender for the flying car under development by its customers. ③Sanlian Runjian Co., Ltd.: The contract signing of the US$200 million Ciyuan cross-border service order has been completed. ④Wen's Co., Ltd.: Net loss in the first three quarters was 4.961 billion yuan, and the price of its main product, pigs, fell sharply. ⑤ Duan Yongping said he would continue to buy Bubble Mart. ⑥ Shijia Photonics: Net profit in the third quarter increased by 226% year-on-year. The data communication market is growing rapidly. 10. Google CEO said that even if customers now want to obtain computing power in 2027, it will be extremely difficult for Google to meet the demand. He remains confident in long-term computing power demand. 11. Jen-Hsun Huang’s GTC Berlin speech: AI factory deployment has been shortened to 14 days at the fastest, intelligent and physical AI are accelerating, and the computer industry is at the starting point of a new industrial revolution; the humanoid robot platform is expected to be launched in 2027. 12. The electronic components industry has entered a boom cycle. Samsung Electro-Mechanics' MLCC delivery time has increased to 52 weeks, and low-capacity and automotive MLCCs are also facing delivery delays. 13. NVIDIA upgraded the Isaac universal robot development platform and launched a new humanoid robot reference framework, simulation workflow and data tools, aiming to accelerate the development of universal robots. 14. Nvidia announced that it will expand substrate production capacity with supply chain partners such as Samsung Electro-Mechanics and Xinxing Electronics, and plans to increase substrate production capacity for related products to 2.5 times the current level in the next three years. 15. Google Cloud and NVIDIA announced the official commercial use of Vera Rubin infrastructure. Google Cloud plans to expand NVIDIA Vera Rubin-based infrastructure to multiple sites, deploying up to 960,000 Rubin GPUs. 16. SK Hynix completed 40 trillion won in share buybacks. This repurchase of shares accounts for approximately 3.3% of the company’s total issued shares and is the largest stock cancellation operation by a Korean listed company. 17. JPMorgan Chase doubled the target price of SpaceX from US$240 to US$500, corresponding to a market value of approximately US$6.8 trillion. 18. OpenAI updated its usage policy, effective from November 20, 2026, to clarify relevant rules for security model development and sensitive uses of artificial intelligence. 19. Tesla’s revenue in the third quarter was US$28.05 billion, a year-on-year decrease of 0.2%, of which the automotive division’s revenue was US$20.56 billion, a year-on-year decrease of 3%; third-quarter operating profit was US$718 million, a year-on-year decrease of 56%. 20. Meta’s third-quarter revenue was US$64.6 billion, a year-on-year increase of 26%; third-quarter operating profit was US$12.99 billion, a year-on-year decrease of 37%. 21. IBM’s third-quarter revenue was US$17.1 billion, a year-on-year increase of 4.7%, and is estimated to be US$16.83 billion; non-GAAP adjusted net profit from continuing operations was US$2.812 billion, a year-on-year increase of 12%; adjusted earnings per share was US$2.95, a year-on-year increase of 11%. 22. The winning bid yield for the US$13 billion of 20-year Treasury bonds issued by the U.S. Treasury Department was 5.469%, the highest level since the issuance of Treasury bonds of this period resumed in 2020. 23. The Panama Canal Authority said on the 20th that due to the closure of the Strait of Hormuz due to the war in the Middle East, the cargo volume of the Panama Canal hit a record high in the last fiscal year. 24. The three major U.S. stock indexes collectively closed higher. The Dow rose 0.69%, the Nasdaq rose 1.05%, and the S&P 500 rose 0.59%. Most popular technology stocks rose. Semiconductors, cryptocurrency concepts, and computer hardware sectors were among the top gainers. SpaceX rose by more than 7%, AMD rose by more than 9%, Dell Technologies rose by more than 5%, NanoVis Semiconductor and Circle rose by more than 4%, and Tesla rose by more than 3%. 25. The settlement price of WTI crude oil futures was US$97.15/barrel, down US$0.67, or 0.68%. Brent crude oil futures settled at $108.82 per barrel, up $0.03, or 0.03%. 26. COMEX gold futures closed up 0.41% at US$4,159.5 per ounce; COMEX silver futures rose by 0.2% at US$58.115 per ounce.