[Selected morning news on November 11] 1. Zhang Guoqing, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, visited Shanghai from the 9th to the 10th. He emphasized that it is necessary to solidly promote the deep integration of technological innovation and industrial innovation, continue to improve industrial innovation capabilities, and better serve and support high-quality economic development. 2. Foreign Ministry Spokesperson Guo Jiakun hosted a regular press conference yesterday. When asked by an AFP reporter about the situation regarding the meeting between the heads of state of China, Russia and the United States, Guo Jiakun said that China has maintained communication with relevant parties regarding the meeting between the heads of state of China, Russia and the United States. Another reporter asked about the meeting between the Chinese and American presidents. Guo Jiakun said that China and the United States are in communication on the arrangements for the interaction between the two heads of state during the year. 3. The Shanghai Municipal Bureau of Oceanography issued the "Shanghai Marine Economic Development "15th Five-Year Plan" Implementation Plan", which proposes that the added value of the marine industry will not be less than 350 billion yuan by 2030; accelerate the development of marine observation equipment, marine satellite communications, etc.; promote the research and development and application of key equipment such as marine sensors and marine intelligent robots; and promote the Lingang Submarine Data Center to explore a new integration model of "offshore wind power + submarine computing power". 4. The Ministry of Natural Resources and the National Development and Reform Commission issued implementation opinions on "artificial intelligence + natural resources", which proposed that by 2028, the demonstration application of artificial intelligence in the field of natural resources will be realized, and high-quality data sets, large models and intelligent entities will be built in key directions such as spatio-temporal geographical information, land spatial planning and governance, oceans, geology and minerals, and forestry and grasslands. 5. Huawei's new storage system is about to launch commercial trials, and warm and cold data storage has become a new battlefield. With the expansion of AI applications, the focus of competition in the storage industry is changing. The technology has moved from laboratory verification to the joint verification stage of real customer scenarios. 6. Graphics card prices continue to fall. The price of Huaqiangbei RTX 5080 dropped from 18,000 yuan to 14,000 yuan; the RTX 5060, the mainstream model with the largest shipment volume, has been slightly adjusted by about 200 yuan compared to last month. 7. Data shows that China’s total computing power has reached 3.1 million PFLOPS, ranking second in the world. 8. Alibaba announced that it plans to spin off its wholly-owned subsidiary Pingtouge (Shanghai) Technology Co., Ltd. and list it independently on the main board of the Hong Kong Stock Exchange. Pingtou Ge has submitted a listing application (Form A1) to the Hong Kong Stock Exchange in a confidential form on September 11, 2026. 9. Qingdao Food announced that the controlling shareholder plans to transfer 29.24% of its shares for 965 million yuan, and Tsingtao Brewery Group will become the new controlling shareholder. Guangdong Expressway A announced that it plans to acquire 25% equity each in Guangzhou-Zhuhai Section Company and Yue-Zhaozhou Company for 1.437 billion yuan. After the transaction is completed, it will hold 100% and 50% equity respectively. 10. Jiuri New Materials announced that it plans to join investors to increase capital in Photoconcentration Technology and acquire 100% equity of photoinitiator company IGM. Huali Group announced that it plans to invest no more than US$500 million in optical communications company O-Net Technologies to acquire no more than 25% of the latter’s equity. 11. Hesai Technology announced its third quarter results, with revenue of 1.068 billion yuan, a year-on-year increase of 34.3%, and lidar shipments increased by 65.3% year-on-year. 12. ST Longda announced that the China Securities Regulatory Commission decided to file a case against the company due to suspected violations of information disclosure laws and regulations. 13. The three major U.S. stock indexes collectively closed down, with the Nasdaq falling 0.74%, the Dow Jones Industrial Average falling 0.3%, and the S&P 500 Index falling 0.38%. NVIDIA fell more than 5%, and has fallen more than 9% in the past two trading days; the Philadelphia Semiconductor Index fell 0.35%, and Intel and ARM fell more than 2%. 14. The U.S. consumer price index (CPI) increased by 0.4% month-on-month in October, with an estimate of 0.3% and the previous value of 0.6%. The U.S. core consumer price index (CPI) increased by 0.3% month-on-month in October, and is expected to increase by 0.2%, compared with the previous value of 0.3%. 15. Anthropic said it plans to IPO on Nasdaq with a target market value of about US$1 trillion; the IPO is expected to determine the issuance price next Wednesday and start trading next Thursday. 16. Citigroup lowered the target price of Nvidia from US$315 to US$285; Wells Fargo lowered the target price of Nvidia from US$315 to US$300 while maintaining an "overweight" rating; Mizuho lowered the target price of Nvidia from US$315 to US$250. 17. After the release of U.S. inflation data in October, traders’ expectations for the Federal Reserve to raise interest rates in December remained at 100%. Traders are increasing bets that the Federal Reserve will raise interest rates at least twice by mid-2027. 18. CoreWeave’s revenue in the third fiscal quarter was US$3.66 billion, compared with market estimates of US$3.56 billion; full-year revenue is expected to be US$13 billion to US$13.3 billion, compared with US$12 billion to US$13 billion previously expected. 19. Dallas Fed President Logan said she still believes at least two 25 basis point interest rate hikes are needed, but the pace may need to be faster than the Fed's actions this fall. 20. As bets on interest rate hikes by the Federal Reserve intensified, international precious metals weakened. Spot gold prices fell 2.59% to US$4,033.57 per ounce; spot silver prices fell by 3.50% to US$51.54 per ounce.