[Selected midday news on November 13] 1. As of midday closing, the Shanghai Stock Exchange Index rose 0.22%, the Shenzhen Component Index fell 0.56%, and the ChiNext Index fell 1.47%. 2. Hong Kong stocks closed at noon, with the Hang Seng Index down 0.92% and the Hang Seng Technology Index down 1.75%. 3. Zhao Haijun, co-CEO of SMIC, said that this year’s full-year revenue is expected to exceed US$12 billion, an increase of nearly 30% compared with the same period last year. At present, the development of AI is "in the ascendant", and the demand for computing power exceeds supply. The current industry consensus is that 2027 will be a year of very tight production capacity, which is expected to last until the middle to the second half of 2028. 4. According to US media reports on the 12th, senior congressional Democrats confirmed that after the Democrats formally take control of Congress in January next year, many senior officials in the Trump administration, including Secretary of State Rubio, may become targets of investigation and impeachment.