[Selected Night News on November 5th] 1. The State Council’s report on financial work: Support Central Huijin to play its role as a stabilization fund and consolidate and improve the capital market stabilization mechanism. 2. The Shanghai Stock Exchange held a special symposium on mergers, acquisitions and reorganizations to gather market forces to help listed companies improve quality and efficiency. 3. The number of private equity asset management registrations and establishment scale increased month-on-month in September, with 4,525 registrations hitting a record high in a single month. Brokerages and asset management subsidiaries contributed more than 70% of the increase. 4. JPMorgan Chase: The valuation of storage stocks deviates from fundamentals, and the industry boom may continue until 2028. 5. The inflation rate in the Eurozone hit a new high since 2023 in October, and expectations for an interest rate hike in December have increased. 6. Company news: ① BeiGene: Q3 net profit increased by 304% year-on-year and 67% month-on-month. ② King Kong Photovoltaic: The subsidiary plans to sign a computing power cloud service contract of no more than 1.536 billion yuan. ③4 Days and 3 Boards Gravity Media: As of the end of October, the AI ​​short drama business revenue accounted for less than 0.1% of the company's audited revenue in 2025. ④ Huahong Grace: Net profit in the third quarter increased by 136% year-on-year and 222% month-on-month.