[Morning News Selection on October 26] 1. Premier Li Qiang chaired an executive meeting of the State Council on October 23. The meeting pointed out that it is necessary to accelerate the construction of a child-friendly society, continue to improve marriage, childbirth, parenting, education and other policies, optimize fiscal and taxation, social security, housing and other support measures for families, and strive to stabilize the size of the new-born population. 2. The Shanghai Stock Exchange website released the "Announcement on Revising the Compilation Plan of the Shanghai Stock Exchange Series Composite Index" on September 24. The revision will be implemented on October 26. According to the "Announcement", some revisions to the compilation plan of the Shanghai Composite Series Composite Index include: increasing the weight limit rule that the weight of a single sample does not exceed 15%. 3. On October 23, the U.S. Department of the Treasury released a new version of proposed rules on foreign investment restrictions. In this regard, a spokesperson of the Chinese Ministry of Commerce said that the proposed rules discriminatoryly expand the scope of investment restrictions in China and increase the intensity of restrictions, which is a typical generalized national security approach. China firmly opposes this, will pay close attention to the subsequent development of the situation, and reserves the right to take corresponding measures. 4. According to tracking data, in the afternoon of last Friday (October 23), many broad-based ETFs continued to increase their volume, and the turnover of GEM ETF E Fund (159915) exceeded 19.5 billion yuan. , hitting a new high since October 9, 2024. CSI 300 ETF Huatai-Berry (510300) and Kechuang 50 ETF Huaxia (588000) both had transactions exceeding 15 billion. 5. Data released by the Ministry of Finance shows that in the first three quarters, stamp taxes on securities transactions were 239.1 billion yuan, a year-on-year increase of 65.1%. 6. The Central Cybersecurity and Informatization Commission issued the "National Informatization "15th Five-Year Plan"". It is proposed that by 2030, the land, sea, air and space three-dimensional network system will be basically formed, the new generation communication network will be fully completed, the commercial use of sixth generation mobile communications (6G) will be launched in due course, and the national blockchain network will be basically completed. 7. The General Office of the State Council recently issued the "Opinions on Adapting the Development of Artificial Intelligence Technology to Help Build an Employment-Friendly Development Model." It is proposed to strengthen the employment creation effect of artificial intelligence and accelerate the development of new occupations in the field of artificial intelligence. 8. The central bank announced that on October 26, the People’s Bank of China will launch a 700 billion yuan MLF operation with a term of one year. 9. The China Securities Regulatory Commission approved the establishment of Citi Securities (China) Co., Ltd. Citi China is registered in Shanghai with a registered capital of RMB 1.2 billion and is 100% funded by Citigroup Global Financial Holdings Co., Ltd. Its business scope includes securities brokerage, securities investment consulting, securities underwriting and sponsorship, and securities self-operation. 10. Cambrian announced that its net profit in the third quarter increased by 148% year-on-year and 8% month-on-month. Cambrian released an announcement on the company's recent production and operations on the same day, saying that currently, the market demand for artificial intelligence computing power continues to be strong and can support the company's steady growth in business. 11. Demingli announced that its net profit in the third quarter increased by 2903% year-on-year and 2% month-on-month. Huasheng Lithium Battery announced that its net profit in the third quarter increased by 801% year-on-year and 148% month-on-month. Fenghua Hi-Tech: Net profit in the third quarter increased by 470% year-on-year and 74% month-on-month. Benchuan Intelligent announced that its net profit in the third quarter increased by 438% year-on-year and 103% month-on-month. Guangxun Technology announced that its third quarter net profit increased by 103% year-on-year. Yunhan Core City announced that its net profit in the third quarter is expected to increase by 545%-613% year-on-year. 12. Tianqi Lithium announced that its net profit in the third quarter increased by 1,324% year-on-year and decreased by 42% quarter-on-quarter. 8-Day 4-Ban Huaca Co., Ltd. announced that its net profit in the third quarter fell by 43.60% year-on-year. 13. Rongbai Technology announced that it plans to invest 3.603 billion yuan to build a Xiangyang integrated sodium cathode material project with an annual output of 200,000 tons. Yuneng Holdings announced that its subsidiary plans to invest in the Puyang comprehensive energy project, with a dynamic total investment of 13.927 billion yuan. 14. Langte Intelligent announced that it plans to acquire 51% of Chengdu Aojie's equity for 663 million yuan. The target company focuses on passive optical components in the field of optical communications. Huaneng Hydropower announced that it plans to acquire 100% of the equity of HNYL Company held by the controlling shareholder for RMB 8.701 billion. Gao Zhengmin announced that he is planning to issue shares to purchase assets and other matters, and the stock will be suspended from today. Huaxin Co., Ltd. announced that it is planning to change its controlling shareholder and the stock will be suspended from trading today. Keris announced that it plans to purchase 100% of the shares of Honggang Optoelectronics, and the stock will resume trading today. 15. Sanan Optoelectronics announced that the actual controller Lin Xiucheng was arrested with the approval of the procuratorate. Lin Xiucheng has not held any position in the company since July 10, 2017, and will not have a major impact on the company's production and operations. 16. Tianfu Communications announced that it plans to repurchase shares for 100 million to 150 million yuan for cancellation. 17. The three major U.S. stock indexes collectively closed down last Friday. The Dow Jones Industrial Average fell 1.24%, with a cumulative weekly increase of 0.41%; the Nasdaq fell 0.21%, with a cumulative weekly decline of 0.71%; the S&P 500 Index fell 0.52%, with a cumulative weekly decline of 0.47%. Most popular technology stocks fell on Friday, with Google falling more than 1%, Amazon and Meta falling nearly 1%, the storage sector rising, SK Hynix rising more than 4%, and Micron Technology rising more than 2%. 18. It is reported that S&P Dow Jones Indices in the United States has introduced new regulations to adjust the rules for dividing growth stocks and value stocks. The new regulations will include intangible assets, expected earnings, and free cash flow into the evaluation factors of value stocks; the evaluation criteria for growth stocks will no longer refer to the rising momentum of individual stocks in the past 12 months. 19. U.S. President Trump said in Florida on October 24, local time, that the United States may take action against Iran again at any time, and may also reach an agreement. 20. OpenAI stated that it will train cutting-edge artificial intelligence models in an environment without access to the Internet before establishing adequate security protection measures. Anthropic executives warned that AI tools are "industrializing" vulnerability discovery and that cybersecurity risks may worsen. 21. Bank of America strategists said that investor risk aversion may continue until mid-November, and the market needs to fully factor in the possibility that the Democrats will win control of both the House of Representatives and the Senate. 22. This week will usher in the interest rate decisions of the Federal Reserve, the European Central Bank and the Bank of Japan. Institutions are generally expected to remain on hold but continue to maintain a hawkish stance, leaving room for further interest rate increases in December. 23. As concerns about the artificial intelligence bubble intensify, Goldman Sachs lowers its target for the Korean stock market Kospi index in the next 12 months from 12,000 points to 9,000 points.