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[Selected morning news on November 5] 1. When asked about his views on the US mid-term elections at a regular press conference on the 4th, Foreign Ministry Spokesperson Mao Ning said that the mid-term elections are the internal affairs of the United States. China is willing to continue to work with the United States to safeguard and implement the important consensus reached by the two heads of state, strengthen communication, properly handle differences, expand cooperation, and build a "constructive strategic and stable relationship between China and the United States based on respect, fairness, and reciprocity." 2. Today, the People's Bank of China will launch a 300 billion yuan buyout reverse repurchase operation with a fixed quantity, interest rate bidding, and multiple price winning bids. The period is 3 months (91 days) and the expiration date is February 4, 2027 (extended in case of holidays). 3. Recently, rumors about regulatory supervision providing “informal” window guidance to investment banks and suspending IPOs have continued to ferment. The reporter learned from many industry insiders that some brokerages have received arrangements that will slow down or even suspend the IPO process, but it is most likely to be tightened rather than "one size fits all." 4. Five departments including the National Development and Reform Commission issued the “Action Plan for Implementing a Comprehensive Conservation Strategy”. It is proposed to accelerate the layout of a number of rare and precious metal resource recycling projects and promote the recovery and high-value utilization of valuable components. Promote the recycling of waste plastics, waste textiles, etc. By 2030, the annual utilization of bulk solid waste will reach about 4.5 billion tons. 5. China Academy of Information and Communications Technology, Huawei, Alibaba, Tencent, Xiaomi and other 20 units jointly issued the "Self-discipline Convention on Intelligent Development" yesterday. It mentioned the construction of intelligent interconnection infrastructure. Continuously reduce the cost of cross-domain discovery and connection of agents, support the interconnection and collaboration of agents, and accelerate the empowerment of agents in various industries. 6. The "Brain-Computer Interface Technical Standards and Industrial Application Reference Specifications (1.0)" were officially released recently. The formulation and release of the "Brain-Computer Interface Technical Standards and Industrial Application Reference Specifications (1.0)" marks a substantial step in the construction of consensus and specifications for China's brain-computer interface industry. 7. China Academy of Information and Communications Technology, Huawei, Alibaba, Tencent, Xiaomi and other 20 units jointly issued the "Self-discipline Convention on Intelligent Development" yesterday. It mentioned the construction of intelligent interconnection infrastructure. Continuously reduce the cost of cross-domain discovery and connection of agents, support the interconnection and collaboration of agents, and accelerate the empowerment of agents in various industries. 8. Tianshan Shares announced that the China Securities Regulatory Commission decided to file a case against the company due to suspected violations of information disclosure laws. Jiangsu Leili announced that Su Da, the actual controller, was placed on file by the China Securities Regulatory Commission for suspected violations of information disclosure and shareholding reduction. 9. Demingli announced that it planned to distribute a cash of 6 yuan for every 10 shares, totaling 191 million yuan. The controlling shareholder promised to extend its holdings for one year and not reduce its holdings of the company's shares. 10. BYD issued a statement stating that relevant rumors such as "replacement and discontinuation of the God's Eye smart driving program" are false information and insists on self-research on the entire stack. 11. The three major U.S. stock indexes collectively closed higher. The Nasdaq rose 1.44%, the Dow Jones Industrial Average rose 3.03%, and the S&P 500 Index rose 1.58%. Large technology stocks surged, with Microsoft and Amazon rising by more than 6%, and Apple rising by more than 5%. AI concept stocks bucked the trend and fell. In the storage sector, Seagate Technology fell by more than 8%, Micron Technology and SanDisk fell by 7%, and Western Digital fell by more than 6%. 12. Trump said that the election defeat was indeed caused to a large extent by the conflict with Iran, but if he had it to do over again, he would still make the same decision. Trump also said he might be able to get along with Democrats and that if they impeached him, it would destroy the Democratic Party. 13. Jeffries, the Democratic leader of the U.S. House of Representatives, said that he will push for the passage of legislation to end Trump's tariff measures and end the Iran war. 14. U.S. ADP employment increased by 86,000 in October, which is expected to increase by 67,000, and the previous value increased by 90,000. 15. Apple plans to further reduce employees’ artificial intelligence usage limits. The daily AI usage quota for some engineers has been reduced from US$300 to US$200. The company has also cut its budget for internal AI use to control spending. 16. Qualcomm’s adjusted earnings per share in the fourth fiscal quarter were US$2.17, compared with US$3 in the same period last year; adjusted revenue was US$10.44 billion, a year-on-year decrease of 7.3%. The company expects first-quarter revenue of US$10.4 billion to US$11.2 billion, and adjusted earnings per share of US$2.15 to US$2.35. 17. International oil prices fell sharply. The settlement price of Brent crude oil futures for January delivery fell by 8.67% to US$94.62 per barrel; WTI for December delivery fell by 8.29% to US$88.12 per barrel.
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[National Development and Reform Commission: The development of future industries must be tailored to local conditions and cannot be "all-inclusive"] On November 3, the National Development and Reform Commission held a series of press conferences for the "15th Five-Year Plan" to introduce the cultivation and growth of new driving forces. Ren Zhongbao, deputy director of the Innovation and High-tech Development Department of the National Development and Reform Commission, said that we must adhere to goal orientation and problem orientation, make overall plans, adapt measures to local conditions, cultivate gradients, and effectively do a good job in future industrial development related work. Different from previous scientific and technological revolutions, the new round of scientific and technological revolution and industrial transformation presents the characteristics of multiple breakthroughs, group breakthroughs, cross-integration, etc., and has given birth to many future industrial development directions. It is impossible for us to develop future industries "all-inclusive". The Party Central Committee and the State Council comprehensively studied and judged future science and technology development trends, the foundation of China's science and technology and industrial development, and the demand factors for future economic and social development, and clearly proposed that during the "15th Five-Year Plan" period, we should focus on the development of future industries such as quantum technology, biomanufacturing, hydrogen energy and nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communications. We must follow the requirements of the national game of chess, strengthen overall planning, support local conditions, and choose subdivided areas with local foundations and comparative advantages for development.
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[Yiwei Lithium Energy's third quarterly report is released: volume and profit increase at the same time Revenue and non-net profit increased by 63.08% and 111.38% year-on-year] On October 23, Yiwei Lithium Energy disclosed its third quarter report for 2026, achieving revenue of 73.390 billion yuan, a year-on-year increase of 63. .08%; net profit attributable to the parent company was 5.240 billion yuan, a year-on-year increase of 86.11%; non-net profit after deduction was 4.095 billion yuan, a year-on-year increase of 111.38%. Both revenue and profit hit a record high in a single quarter. Total shipments of power energy storage batteries were 133.69GWh, a year-on-year increase of 61.07%, of which power battery shipments were 66.17GWh, a year-on-year increase of 91.30%. The company is the first domestic enterprise to achieve mass production of 46 series large cylinders and is a core supplier of BMW. It has been equipped with new generation models such as iX3 and i3, and has been exclusively equipped with Hongqi G919. According to third-party data, the company's domestic power battery installation volume rose to fourth in the third quarter, and its energy storage shipments ranked among the top three in the world. On October 20, the company released the all-solid-state "Longquan No. 3 2.0" and two-wheeled vehicle sodium power solutions. The volume energy density of Longquan No. 3 2.0 reaches 1045Wh/L and can be used in the field of implantable brain-computer interfaces. The company's rich multi-scenario technology reserves lay a solid foundation for long-term growth.
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[Eight Departments: Strengthening the Layout of Industrial Basic Frontier Technology Innovation] On October 22, eight departments including the Ministry of Industry and Information Technology issued the "15th Five-Year Plan for Improving Industrial Basic Capabilities", which mentioned that the layout of industrial basic frontier technology innovation should be strengthened. Aiming at cutting-edge fields such as quantum technology, biomanufacturing, hydrogen energy and nuclear fusion energy, brain-computer interface, embodied intelligence, sixth generation mobile communications (6G), deep space, deep sea, deep earth and polar regions, and following the idea of ​​“scenario traction, foundation first”, we will proactively lay out a number of key basic product innovation tasks to enhance original and disruptive basic technologies and product supply capabilities. Encourage enterprises in the industrial basic field to cooperate closely with national laboratories, national key laboratories, national scientific research institutions, and high-level research universities, actively explore multiple technological routes, accelerate the cultivation of typical application scenarios, strengthen the concept verification, commercialization verification and engineering industrialization adaptation of the industrial basic cutting-edge technology, and promote the efficient transformation of cutting-edge technology innovation results.
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[General Office of the CPC Central Committee and General Office of the State Council: Explore diverse technological routes, typical application scenarios, and feasible business models in cutting-edge fields such as quantum technology, biomanufacturing, hydrogen energy and nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communications] On October 21, the General Office of the CPC Central Committee and the General Office of the State Council released the "Opinions on Promoting the Deep Integration of Scientific and Technological Innovation and Industrial Innovation". It pointed out that original and disruptive technological innovations should be used to cultivate and strengthen emerging industries and future industries. Strengthen basic theoretical research and underlying technology research and development, carry out mining and screening of disruptive technologies, and accelerate scientific discoveries and technological breakthroughs. Implement industrial innovation projects, integrate the construction of innovative facilities, technology research and development, and product iterative upgrades, accelerate the development of new energy, new materials, aerospace and other strategic emerging industries, build strategic emerging industry clusters with unique characteristics and complementary advantages according to local conditions, and strive to create emerging pillar industries. Promote the healthy and orderly development of the low-altitude economy. In cutting-edge fields such as quantum technology, biomanufacturing, hydrogen energy and nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communications, explore diverse technical routes, typical application scenarios, and feasible business models, accelerate the industrialization and commercialization of cutting-edge technologies, and cultivate future industries.
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[National Development and Reform Commission: Establish a future industry investment growth and risk sharing mechanism to form new economic growth points as soon as possible] October 20th, Ren Zhongbao, deputy director of the Innovation and High-tech Development Department of the National Development and Reform Commission, said at a press conference on the 20th that he would support future industry breakthroughs and seize the "commanding heights." Every technological revolution and industrial change will give birth to a number of new industries that reshape the global competitive landscape and bring about a qualitative leap in productivity. At present, a new round of scientific and technological revolution and industrial transformation are developing in depth. Quantum technology, biological manufacturing, brain-computer interface, hydrogen energy and nuclear fusion energy, embodied intelligence, sixth-generation mobile communications, etc. all show bright development prospects. We must adhere to the path of deep integration of technological innovation and industrial innovation, establish future industrial investment growth and risk-sharing mechanisms, explore diversified technical routes, typical application scenarios, feasible business models, and market supervision rules, form new economic growth points as soon as possible, and firmly seize rare historical opportunities.
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[Morning News Selection on October 20th] 1. Pan Gongsheng said that he will work with the State Administration of Financial Supervision and the China Securities Regulatory Commission to launch large-amount redemption liquidity support tools for non-bank institutions. 2. Wu Qing said that we should promote the further improvement of the long-term assessment mechanism suitable for long-term investment and expand the sources of medium and long-term funds. It also stated that the penalty rules for illegal holding reductions should be improved, and guidance on advance compensation in the securities market should be formulated and released to better protect the legitimate rights and interests of small and medium-sized investors. 3. Ding Xiangqun stated that all financial activities will be subject to supervision in accordance with the law. We will solidly advance various measures for institutional opening-up in the financial sector and support more foreign-funded institutions and long-term capital to develop businesses in China. 4. Zhu Hexin said that China’s door to opening up is opening wider and wider, and the foreign-related economic structure has undergone profound changes. Taking into account the new needs of enterprises, the State Administration of Foreign Exchange plans to launch a batch of incremental measures to support enterprises to better participate in international cooperation and competition. 5. Eleven departments including the central bank issued a document stating that they will make good use of the social security science and technology innovation fund that has been established to provide financial support for the science and technology innovation field in a stable and orderly manner. 6. The Ministry of Commerce and other three departments will optimize and adjust export control measures for drone-related items. A spokesman for the Ministry of Commerce stated that the drone-related items involved in this measure have obvious dual-use attributes, both military and civilian. China has optimized and adjusted relevant measures in accordance with laws and regulations to safeguard national security and interests and fulfill international obligations such as non-proliferation. 7. The Ministry of Commerce and the General Administration of Customs implement export controls on shield boring machines and other items. A spokesman for the Ministry of Commerce stated that the items related to this measure have obvious dual-use attributes, and China's implementation of export control measures in accordance with laws and regulations is in line with international practice. 8. The China Securities Regulatory Commission issued the "Implementation Rules for Administrative Penalties in Cases of Illegal Transfer of Securities"), which will be effective from December 1, 2026. 9. The reporter learned that the first batch of 18 active ETFs under public offerings in China have been approved and will be launched this Friday. 10. The International Organization for Standardization released the international standard for the brain-computer interface reference architecture led by China: "Information Technology Brain-Computer Interface Reference Architecture". This international standard is another important achievement China has achieved in the field of international standardization of brain-computer interfaces. 11. Recently, Anhui Province issued the "Anhui Province Action Plan for Strengthening Intellectual Property Protection of Advanced Photovoltaic and New Energy Storage Industries (2026-2027)", which implements full-chain protection of intellectual property rights around advanced photovoltaic and new energy storage industries, breaks the "involution" competition in the industry, and empowers the construction of new energy industry clusters in the province. 12. Data from Goldman Sachs’ prime brokerage business unit show that hedge funds have reduced their holdings of technology stocks at the fastest rate in at least a decade. In the five trading days ended October 15, hedge funds reduced their positions in technology stocks by the largest amount since Goldman Sachs began keeping statistics in 2016. 13. Shengyi Electronics announced that it plans to repurchase the company's shares for 100 million to 200 million yuan; Pengding Holdings announced that it plans to repurchase the company's shares for 300 million to 500 million yuan. 14. Xiechuang Data announced that Xiechuang Intelligent Computing, a wholly-owned subsidiary, signed a computing power cloud service agreement not exceeding 37.49 billion yuan. 15. Three Gorges New Materials announced that it plans to acquire 100% equity of Zhuhai Saiwei, a lithium battery electrolyte company. 16. Haiguang Information announced that its net profit in the first three quarters increased by 45.12% year-on-year; Shanshui Technology announced that its net profit in the third quarter increased by 17.05% year-on-year; its operating revenue in the first three quarters increased by 17.65% year-on-year. 17. The Houthi armed forces in Yemen stated on the 19th that they had carried out six military operations against Saudi Arabia in the past 48 hours. 18. Iranian President Pezeshchiyan met with Russian Foreign Minister Lavrov on the evening of the 19th local time. The two sides discussed bilateral relations as well as the latest regional and international situations. 19. Trump told the media at the White House on the afternoon of the 19th local time that he believed someone other than Ukrainian President Zelensky should negotiate on behalf of Ukraine to seek an end to the war with Russia. 20. NVIDIA completed a record-breaking simulation of fault-tolerant quantum computing at the Jülich Supercomputing Center. This 104-qubit simulation is the most comprehensive simulation of a fault-tolerant quantum computing system to date. 21. Micron Technology announced that it will hold a technical webinar at 8 a.m. local time on the 21st to discuss technological innovations in the fields of DRAM, HBM and NAND. 22. Apple has confirmed that it will hold a new product launch conference on the 28th, when it plans to launch the company's first touch-screen MacBook. 23. According to people familiar with the matter, Nscale Co., Ltd. is negotiating with Anthropic to cooperate in computing power supply. The total value of this transaction is expected to reach approximately US$45 billion. 24. The three major U.S. stock indexes closed with mixed gains. The Dow fell 0.07%, the Nasdaq rose 1.11%, and the S&P 500 rose 0.41%. Popular technology stocks generally rose, with storage and semiconductor sectors leading the gains. SanDisk rose more than 5%, Amazon rose nearly 5%, SK Hynix and Marvel Technology rose more than 4%, and Tesla and NanoVis Semiconductor rose more than 3%. 25. The settlement price of the November contract of WTI crude oil futures increased by 2.22%, and the settlement price of the December contract of Brent crude oil futures fell by 0.28%. COMEX gold futures closed down 0.5%, and COMEX silver futures fell 0.13%.
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[Selected midday news on October 19th] 1. As of midday closing, the Shanghai Composite Index rose 0.16%, the Shenzhen Composite Component Index fell 0.18%, and the ChiNext Index fell 1.07%. 2. The National Bureau of Statistics announced the performance of the national economy in the first three quarters of 2026. According to preliminary calculations, the GDP in the first three quarters was 107.1071 billion yuan, a year-on-year increase of 4.6% at constant prices. 3. Data from the National Bureau of Statistics show that in September, the added value of industries above designated size actually increased by 5.5% year-on-year, and the growth rate accelerated by 0.3 percentage points from the previous month. From January to September, the total retail sales of consumer goods was 37,000.1 billion yuan, a year-on-year increase of 1.1%. In the first three quarters, the national fixed asset investment (excluding rural households) was 33,411.5 billion yuan, a year-on-year decrease of 7.2%, which was the same as from January to August. From January to September, the national real estate development investment was 5.3364 billion yuan, a year-on-year decrease of 20.6% 4. Nine departments including the Ministry of Commerce issued opinions on accelerating the promotion of business through science and technology, which mentioned that we should accelerate the promotion of business through science and technology, implement in-depth the "artificial intelligence + manufacturing" special action, and accelerate the transformation of cutting-edge scientific and technological achievements such as brain-computer interfaces and embodied intelligence into the market. 5. The latest round of defense for fund investment advisory qualifications started this week, with dozens of securities firms conducting it in batches.
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[Investment Calendar: Reminder of major capital market events on Friday] ①A total of 1 new stock was listed today, which is Nanfang Dairy (920196) on the North Exchange. ② The State Council Information Office held a press conference on October 16 on the preparations for the 9th China International Import Expo. ③The 2026 World Clean Energy Equipment Conference "Power Generation Equipment Safe Operation and Intelligent Operation and Maintenance Innovation and Development Conference" will be held on October 16. ④The Super Intelligence Conference (Xi’an Station) and the Xi’an High-tech Zone Artificial Intelligence Ecological Chain Signing Ceremony will be held on October 16. ⑤The 25th China International Wine Expo will be held from October 16th to 18th. ⑥NVIDIA: NVIDIA RTX Spark laptop will be officially launched globally on October 16. ⑦The 2026 Brain-Computer Interface Frontier Technology and Industrial Transformation Conference will be held from October 16th to 17th. ⑧2026 Chishui River Forum will be held in Maotai Town, Kweichow Province from October 16th to 18th. ⑨The results conference of the Guangdong-Hong Kong-Macao Greater Bay Area Generative Artificial Intelligence Security Development Joint Laboratory will be held in Guangzhou on October 16. ⑩ The advanced version of STEPX Neo, a large-scale model of the native smartphone, will be officially launched on October 16. ⑪It is reported that Federal Reserve Chairman Warsh will deliver a speech at the International Monetary Fund (IMF) on October 16, local time. ⑫ Today Hikvision, Sunnong Development, and Satellite Chemical will disclose their third quarter results. ⑬ Today, 2 billion yuan of 7-day reverse repurchase expires. ⑭The Eurozone CPI and other data for September will be released today.
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[Jingyu Medical publishes research data on the world's first approved brain-computer interface dual-target drug addiction treatment DBS system at ISAM] October 2nd, at the 28th International Society of Addiction Medicine (ISAM) Global Conference being held recently, Ning Yihua, Chairman of Jingyu Medical, was one of the recipients. Invited representatives of Chinese companies published the long-term follow-up data of the company's brain-computer interface dual-target drug addiction treatment DBS system Neurestora®: the 6-month compliance rate (non-relapse rate) reached 80%, and the 7-year long-term stable abstinence rate reached 69%. The first batch of patients have been followed for more than 10 years. The product also demonstrates sustained and long-lasting neuroplastic remodeling - 1.5 to 2 years after DBS implantation, most patients can stop stimulation, remove the DBS device from the body, maintain long-term abstinence, and return to normal life. Ning Yihua said long-term follow-up has proven the product’s therapeutic potential for patients with severe addiction. Note: Jingyu Medical is an enterprise in the field of brain-computer interfaces for the treatment of addiction and mental diseases. In December 2025, the company's Neurestora® was approved by the China Food and Drug Administration for marketing. It is used for relapse prevention and auxiliary treatment of patients with refractory moderate to severe opioid addiction, becoming the world's first brain-computer interface dual-target DBS system approved for the treatment of drug addiction.
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[Ministry of Science and Technology: During the “15th Five-Year Plan” period, the research and development of cutting-edge technologies such as artificial intelligence, quantum technology, biotechnology, and brain-computer interface will be strengthened] September 29th, Minister of Science and Technology Yin Hejun said at a press conference of the State Council Information Office on September 29th that during the “15th Five-Year Plan” period, key and core technologies will be fought to provide strong support for high-quality development and high-level security. Focus on the long-term development needs and strategic needs of the country, implement the major national science and technology projects that have been launched, and condense and deploy a number of major national science and technology projects for 2035. Focus on scientific and technological issues in national economic and social development, and comprehensively launch the implementation of the “15th Five-Year Plan” national scientific and technological key projects. The entire chain promotes research in key areas such as integrated circuits, industrial motherboards, and high-end instruments, and solves all stuck problems in the innovation chain. Strengthen the research and development of cutting-edge technologies such as artificial intelligence, quantum technology, biotechnology, and brain-computer interfaces to seize the commanding heights of scientific and technological development.