[Selected morning news on November 4th] 1. The 25th Session of the Standing Committee of the 14th National People's Congress held its second plenary session on the morning of the 3rd at the Great Hall of the People in Beijing. The meeting heard a report on financial work by Pan Gongsheng, governor of the People's Bank of China, commissioned by the State Council. Pan Gongsheng pointed out that it is necessary to maintain the smooth operation of financial markets such as stocks, bonds, and foreign exchange, and to maintain the bottom line of preventing systemic financial risks. 2. The Ministry of Foreign Affairs responded to relevant reports that "NVIDIA requires its partners to provide at least 51% of its services to non-Chinese companies": All parties should cooperate in accordance with the principles of fairness, transparency, and non-discrimination. 3. On the day when the 100 billion yuan swap facility quota was launched, securities firms took the lead in showing their respective “claim sheets.” Cathay Haitong and CITIC Securities have successively disclosed that they each won a bid of 10 billion yuan, Soochow Securities won a bid of 5 billion yuan, and SDIC Securities won a bid of 6 billion yuan. What is worth looking forward to is that several brokerages have stated that the swap facility will be used to increase holdings of stocks and stock ETFs. 4. According to data from the Shanghai Stock Exchange, 1.5006 million new A-share accounts were opened in October 2026, a decrease of 21.51% month-on-month and a year-on-year decrease of 35.04%. In the first 10 months of 2026, a total of 28.6265 million new households have been opened. 5. Data shows that the volume of popular broad-based ETFs continued to increase in late trading yesterday. The CSI 300 ETF Huatai-Berry has a turnover of 8.8 billion in the last half hour, and a total turnover of over 19 billion in the whole day, the highest level since January 28, 2026. The transaction volume of SSE 50 ETF China exceeded 12.9 billion, the highest volume since January 28, 2026, and the transaction volume of CSI 1000 ETF South exceeded 12.4 billion, the highest volume since January 21, 2026. 6. The Development and Reform Commission of Guangdong Province issued the "Implementation Plan for Expanding Consumption in Guangdong Province." It is proposed to encourage listed companies to establish and improve normalized dividend mechanisms and strengthen the market value management of state-controlled listed companies. Support commercial banks to make good use of structural monetary policy tools such as refinancing for service consumption and elderly care, relending to support agriculture and small businesses, and rediscount, and increase credit support in the fields of service consumption and elderly care. 7. Shanxi Provincial Energy Bureau held a special meeting on increasing coal production and ensuring supply in the province. The meeting emphasized that we must strictly implement the 17 new coal regulations and make every effort to promote the orderly resumption of coal production and increase production and ensure supply while ensuring safety. 8. The price increase of electronic cloth in November has hit the financial circle. A number of leading listed companies in electronic fabrics responded that electronic fabrics and electronic yarns are on the market as the market goes, and are still on an upward trend in November, with relevant production capacities at full production. 9. Zhongji InnoLight said that the vast majority of customers have not revised their demand or orders, some customers have made product structural adjustments, and some customers' 1.6T demand has even increased compared to before. Rumors that a foreign securities firm downgraded the company's rating and target market value are untrue. 10. Xiechuang Data released an investor relations activity record announcement. In terms of storage business, there is a very shortage of DDR. Because HBM takes up a large amount of production capacity, the price increase trend will remain unchanged for at least the next three years. The recent quotation has been increased by 30% and has been accepted. 11. Shanying International announced that Wu Mingwu, the company’s actual controller and chairman, was suspected of insider trading and short-term trading, and the China Securities Regulatory Commission decided to file a case against him. Pinming Technology announced that the actual controller Mo Xujun was put on file by the China Securities Regulatory Commission for suspected manipulation of the securities market. 12. Guosheng Technology announced that its important holding subsidiaries have temporarily suspended production, and there is a risk of other risk warnings being implemented. 13. Youzu Network announced that its subsidiary signed a 4.225 billion yuan GPU product purchase contract. 14. Guangxun Technology issued a clarification announcement, stating that rumors of material shortages and production shutdowns were untrue. Ongoing research projects around optical transmission, optical interconnection and other directions are advancing in an orderly manner. 15. Yunnan Germanium Industry announced that its subsidiary signed a long-term supply agreement with AOI for a total of 900,000 pieces of indium phosphide substrates. The contract value in 2027 is approximately 1.305 billion yuan. 16. The three major U.S. stock indexes closed with mixed gains, with the Dow Jones Industrial Average falling 0.38%, the Nasdaq Composite Index rising 0.83%, and the S&P 500 Index rising 0.37%. Chip stocks rose, with the Philadelphia Semiconductor Index rising by 2.64%, SanDisk rising by more than 4%, and Broadcom and AMD rising by more than 3%. 17. U.S. President Trump said in an interview on the 3rd that the United States has no immediate plans to attack Iran and said he was "satisfied" with the U.S.-Iran stalemate. 18. Iran denied reports that it was about to reach an agreement with the United States, saying that there had been no new progress in the agreement with the United States. 19. AMD’s adjusted earnings per share in the third quarter were US$2.09, compared with US$1.20 in the same period last year; revenue was US$13.38 billion, a year-on-year increase of 45%; data center revenue was US$8.55 billion, a year-on-year increase of 97%. 20. According to reports, Anthropic engineers found that the time required to design chips using Claude was significantly shorter than the traditional workflow. Related comparisons involved the chip design processes of Nvidia, AMD and other companies. 21. Saudi Aramco President and CEO Amin Nasser said on the 3rd that the company has been exploring the expansion of the east-west oil pipeline that bypasses the Strait of Hormuz, and preliminary engineering design has been launched. 22. International oil prices fluctuated and fell. WTI for December delivery fell by 0.4%, with a settlement price of US$96.09 per barrel; Brent for January delivery fell by 1.1%, with a settlement price of US$103.60 per barrel.