[Morning News Selection on October 30] 1. The Fifth Plenary Session of the 20th Central Committee of the Communist Party of China will be held in Beijing from October 26 to 29, 2026. The plenary session decided that the 21st National Congress of the Communist Party of China will be held in Beijing in the second half of 2027. 2. The first batch of active ETFs started raising funds on October 23. As of 15:00 on October 29, 9 active ETFs in the Shanghai stock market have successfully completed the raising, with a total subscription fund of more than 19.5 billion yuan and a raised fund of 18 billion yuan (each fund raising limit is 2 billion). There are active ETFs that started building positions yesterday. 3. In response to media reports that the EU is studying the extension of the trade understanding arrangement reached between China and the EU in the field of hybrid vehicles to the chemical industry and other fields, Ministry of Commerce spokesperson Huang Ling said that China firmly opposes any protectionist behavior that abuses trade defense tools. If the EU insists on going its own way and adopts discriminatory restrictive measures against Chinese products, China will take all necessary measures to firmly safeguard its own interests and the legitimate rights and interests of enterprises. 4. On October 28, Eastern Time, the U.S. Department of Homeland Security announced that it would add three Chinese entities to the entity list of the Uyghur Forced Labor Prevention Act. A spokesman for the Ministry of Commerce stated that the U.S. should immediately stop political manipulation and smear attacks, and stop unreasonable suppression of Chinese companies. China will take necessary measures to firmly safeguard its own interests. 5. The Ministry of Commerce and other four departments issued notices to further improve the level of trade liberalization and facilitation of the Hainan Free Trade Port. 6. The U.S. core PCE rose 3.1% year-on-year in September, and the Federal Reserve may raise interest rates by 25 basis points in December. 7. The preliminary value of the seasonally adjusted annualized rate of GDP in the United States in the third quarter was 3.4%, which was estimated to be 3.2%, and the previous value was 2.2%. 8. The European Central Bank kept the deposit mechanism interest rate, main refinancing interest rate, and marginal lending rate unchanged at 2.50%, 2.65%, and 2.90% respectively, in line with market expectations. 9. Company news: ① Xinyi Sheng’s Q3 net profit increased by 61% year-on-year and decreased by 19% month-on-month. ② Zhongji InnoLight announced that its net profit in the third quarter was 8.587 billion yuan, a year-on-year increase of 173.74%. It was announced on the same day that it plans to change the use of 5 billion yuan of repurchased shares to cancellation, and 5.6531 million A shares will be cancelled. ③Shenghong Technology: Net profit in the third quarter fell 52% year-on-year and 66% quarter-on-quarter. ④Puran Shares: Q3 net profit increased by 3876% year-on-year and 26% month-on-month. ⑤Shengyi Technology: Q3 net profit increased by 238% year-on-year and 61% month-on-month. ⑥ Longsys: Net profit in the third quarter increased by 437% year-on-year and decreased by 44% month-on-month. ⑦ Huagong Technology: Net profit in the third quarter increased by 17% year-on-year and decreased by 12% month-on-month. ⑧China Microelectronics Corporation announced that the chairman proposed to repurchase shares worth 400 million to 500 million yuan. ⑨ Huahong Grace announced that the chairman and president of the board of directors proposed to repurchase shares of 300 million to 500 million yuan. ⑩ GigaDevice announced that its net profit in the third quarter was 4.209 billion yuan, a year-on-year increase of 729%. 10. According to Iranian news, US Vice President Vance sent a letter to Mohsin Rezai, Secretary of Iran’s Supreme National Security Council. Iran has received the letter but has not yet responded. 11. Brad Cooper, commander of the U.S. Central Command, reported to U.S. President Trump on military action options against Iran at the White House. U.S. Secretary of Defense Hegseth and Chairman of the U.S. Joint Chiefs of Staff Dan Kaine also participated in the meeting. 12. The preliminary vote count for the Israeli Knesset election has been completed. The right-wing ruling coalition led by Israel's current Prime Minister Netanyahu won 53 seats, and the opposition camp led by former Chief of Staff of the Defense Forces Eisenkot won 48 seats. 13. Russian President Vladimir Putin said that Russia supports any steps to restore relations with European countries. We do not want a situation like the Strait of Hormuz to occur in the Baltic Sea. 14. The three major U.S. stock indexes collectively closed down, with the Nasdaq falling 1.38%, the Dow falling 0.25%, and the S&P 500 falling 0.3%. Google fell 12%, losing $479 billion in market value. Storage, optical communications, cloud services and other sectors all fell. SanDisk and Micron Technology fell by about 5%, Marvell fell by 13%, NEBIUS fell by more than 5%, and CoreWeave fell by nearly 5%. 15. International oil prices fell. WTI for December delivery fell by 0.8%, with a settlement price of US$102 per barrel; the December Brent contract that expired on Friday fell by 0.4%, with a settlement price of US$114.88 per barrel; the more active January contract fell by 0.8%, with a settlement price of US$110.80 per barrel. 16. International precious metals fell. The spot gold price fell 1.13% to US$4,021.23 per ounce; the spot silver price fell by 3.34% to US$52.14 per ounce. 17. Intel fell more than 20% after the bell. The company's quarterly revenue outlook was worse than analysts' expectations. Demand for personal computer processors was sluggish and lucrative data center components faced supply chain problems. 18. Amazon fell 12% after the market closed. Amazon spent more than US$77 billion on property and equipment in the third quarter, far exceeding analysts' estimates. The company is promoting the construction of data centers to meet the demand for artificial intelligence services. The huge expenditure caused Amazon's free cash outflow of US$42.4 billion. 19. SanDisk expects second-quarter revenue of 12.2 billion to 12.6 billion US dollars, with an estimate of 12.1 billion US dollars; the adjusted gross profit margin is expected to be 84.5% to 85.5%, with an estimate of 84.8%; the adjusted earnings per share is expected to be 55 to 57 US dollars, with an estimate of 52.72 US dollars. 20. According to ICE Data Services, Google’s five-year credit default swap (CDS) quote rose by 5.3 basis points to 84 basis points per year, the largest increase since September 21.