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2025-10-29 Wednesday

2025-11-04

10:08:30

[Ministry of Finance: State-owned enterprises' taxes and fees payable reached 4,414.54 billion yuan in the first nine months of 2025, a year-on-year increase of 0.5%] The Ministry of Finance released the economic performance data of state-owned and state-controlled enterprises nationwide from January to September 2025. From January to September, the total operating revenue of state-owned enterprises reached 61,329.05 billion yuan, a year-on-year increase of 0.9%. The total profit of state-owned enterprises reached 3,167.03 billion yuan, a year-on-year decrease of 1.6%. From January to September, the taxes and fees payable by state-owned enterprises reached 4,414.54 billion yuan, a year-on-year increase of 0.5%.

10:07:25

The Trump administration ruled out the possibility of selling offshore oil and gas leases on the U.S. East Coast.

10:06:09

US President Trump: Republicans and Democrats should work together on healthcare issues.

10:05:57

Trump says US ready to help Jamaica cope with Hurricane Melissa

10:05:54

The Nikkei 225 index has just broken through the 51,300.00 mark, currently trading at 51,301.18, up 2.15% on the day.

10:03:37

[10.57 Million New Urban Jobs Created Nationwide in the First Three Quarters] The Ministry of Human Resources and Social Security announced today that from January to September, 10.57 million new urban jobs were created nationwide, achieving 88% of the annual target, and the employment situation remained generally stable. In the first three quarters, a total of 19.6 billion yuan in job stabilization subsidies were distributed nationwide, and 16.6 billion yuan was spent on training and other employment promotion expenditures. One-time job creation subsidies of 900 million yuan were distributed to 140,000 enterprises, benefiting 600,000 college graduates and other young people. As of the end of September, the number of people participating in basic old-age insurance, unemployment insurance, and work-related injury insurance nationwide reached 1.074 billion, 248 million, and 304 million, respectively. From January to September, the total revenue of the three social insurance funds was 6.69 trillion yuan, and the total expenditure was 6.04 trillion yuan, with a cumulative balance of 9.85 trillion yuan at the end of September. As of the end of September, the number of people holding social security cards nationwide reached 1.39 billion, covering 98.9% of the population, of which 1.1 billion used electronic social security cards. (CCTV News)

10:03:12

US President Trump: Japanese Prime Minister Sanae Takaichi is great. I think she is an amazing woman. She is very sharp, very smart, and very energetic.

10:02:56

[Ministry of Finance: State-owned Enterprises' Total Operating Revenue Up 0.9% Year-on-Year in January-September, Total Profits Down 1.6% Year-on-Year] The Ministry of Finance released data on the economic performance of state-owned and state-controlled enterprises nationwide from January to September 2025. The data shows that from January to September, the total operating revenue of state-owned enterprises reached 61,329.05 billion yuan, a year-on-year increase of 0.9%; total profits reached 3,167.03 billion yuan, a year-on-year decrease of 1.6%; and taxes and fees payable by state-owned enterprises reached 4,414.54 billion yuan, a year-on-year increase of 0.5%. At the end of September, the asset-liability ratio of state-owned enterprises was 65.2%, an increase of 0.2 percentage points year-on-year.

10:00:02

Trump: (Third term president) Based on what I read, I think I shouldn't run. The law clearly states that you cannot run for a third term.

09:58:56

Ministry of Finance: From January to September, the total operating revenue of state-owned and state-controlled enterprises nationwide increased by 0.9% year-on-year, while total profits decreased by 1.6% year-on-year.

09:58:48

US President Trump: We have the strongest economy in history, and energy prices have dropped significantly. Everything is falling. Beef prices are a little high, and we will also let it come down.

09:58:00

US President Trump: Democrats caused the government shutdown, and at some point, they will come back. I think they are "beaten up badly" right now. But all they have to do is say, "Let's get back on track," and everything will be back. There's nothing to sign, nothing to talk about.

09:57:17

[Chongqing: Support large natural gas users with an annual consumption of more than 10 million cubic meters to independently choose the gas supply path] The "Chongqing City Comprehensive Reform Pilot Action Plan for Market-oriented Allocation of Factors (Draft for Public Comment)" is open for public comments. It mentions improving the reform of the natural gas system. Support the Chongqing Petroleum and Natural Gas Exchange Center to expand the scale of transactions, explore the implementation of a filing system for related transaction products in the oil and gas industry chain, and study and promote the linkage between the oil and gas futures and spot markets. Explore the direct sale of overseas oil and gas resources, promote cross-border RMB settlement of oil and gas trade, and publish and promote the China Onshore Natural Gas Price Index. Support large natural gas users with an annual consumption of more than 10 million cubic meters to independently choose the gas supply path. Accelerate the independent operation and fair opening of natural gas pipeline facilities

09:56:55

[Ministry of Industry and Information Technology's Small and Medium Enterprises Bureau: We are revising the classification standards for small and medium-sized enterprises] On October 29, Liang Zhifeng, director of the Small and Medium Enterprises Bureau of the Ministry of Industry and Information Technology, said at the 2025 Financial Street Forum Annual Meeting that in recent years, the development of small and medium-sized enterprises has been promoted mainly from the aspects of improving the policy and regulatory system, establishing a gradient cultivation system, and improving the public service system for small and medium-sized enterprises. In terms of policies and regulations, there is currently the "Small and Medium-sized Enterprises Promotion Law of the People's Republic of China", and the new version of the "Regulations on Guaranteeing the Payment of Funds to Small and Medium-sized Enterprises" was also issued and implemented this year. "We are revising the classification standards for small and medium-sized enterprises, and we are also implementing the spirit of the Fourth Plenary Session of the 20th CPC Central Committee and formulating the '15th Five-Year Plan' for the development of small and medium-sized enterprises." Liang Zhifeng said

09:56:31

US President Trump: It is worth noting that Nvidia (NVDA.O) stock price hit a new high and the stock market also reached an all-time high yesterday. All of our markets have performed well, and almost every market is climbing.

09:53:47

The South Korean presidential office announced that Amazon Web Services (AWS) plans to invest at least $5 billion in South Korea by 2031. Seven global companies will invest a total of $9 billion in South Korea over the next five years.

09:52:36

South Korean Presidential Office: Amazon Cloud Services will invest at least $5 billion in South Korea by 2031. Amazon Cloud Services' investment in South Korea will be used to build new artificial intelligence data centers.

09:51:59

US President Trump: We have achieved peace in the Middle East. If necessary, we can easily eliminate Hamas, which will mean the end of Hamas. But we prefer to choose peaceful means.

09:51:43

[Capital Economics: Strong underlying inflation in Australia reduces the likelihood of further easing of policy by the central bank] Capital Economics analyst Marcel Thieliant said in a commentary that the strength of potential inflation in Australia reduces the likelihood of further easing of monetary policy by the Reserve Bank of Australia. The revised average CPI accelerated from 0.6% in the second quarter to 1.0% in the third quarter. Thieliant pointed out that RBA Governor Bullock said earlier this week that a month-on-month growth rate of at least 0.9% would constitute a "significant" upward surprise. Overall, the RBA will almost certainly keep its policy rate unchanged at its meeting next week. Thieliant added, "With economic activity now rebounding, the current risks are clearly tilted towards a smaller rate cut than the two 25 basis point cuts that we currently estimate."

09:49:57

US President Trump: Hamas is only a small part of the Middle East agreement. If Hamas does not behave, they will be eliminated.

09:49:14

[International Giant Announces: 14,000 Layoffs] On October 28th, local time, according to media reports such as ABC and the Associated Press, Amazon announced that it would cut approximately 14,000 corporate positions, representing 4% of its approximately 350,000 employees. Amazon executives stated that the layoffs are aimed at improving decision-making efficiency and shifting resources to core businesses. It is reported that affected employees will be notified on the same day, and the company will provide internal transfer opportunities for up to 90 days, priority recruitment support, severance pay, health insurance and other compensation measures. Amazon reportedly has a total global workforce of approximately 1.56 million, the vast majority of whom are warehouse workers, with approximately 350,000 employees working in white-collar positions. (CCTV)

09:47:57

Toyota executives: During the first Trump administration, we invested approximately $10 billion. We did not mention the same amount, but we said our intention to invest and create jobs remains unchanged.

09:47:34

Quantum technology concept stocks rose rapidly, Guodun Quantum hit a new high during the session. Quantum technology concept stocks rose rapidly, Guodun Quantum hit a new high during the session, Shenzhou Information hit the daily limit, and USTC Guochuang rose by more than 10%. Western Superconducting, Xin'an Century, and Fujitec followed suit.

09:47:01

Spot silver rose 1.01% on the day, reaching $47.50 per ounce; COMEX silver futures were last quoted at $47.63 per ounce, up 0.65% on the day.

09:45:51

The Nikkei 225 index just broke through the 51100.00 mark and was last at 51080.93, up 1.72% on the day.

09:43:54

1. According to a recent report by Raja Abdalla, an analyst at Bahana Sekuritas, the Indonesian stock market is facing multiple positive factors and is expected to receive a significant boost. 2. The report points out that the global monetary policy environment is shifting towards easing, particularly the potential interest rate cuts by the Federal Reserve, which will be a key driving force. This trend is expected to reignite global investors' risk appetite, guiding international funds into emerging markets such as Indonesia. At the same time, domestic liquidity in Indonesia remains ample, while bank deposit rates are trending downwards. This environment is likely to drive a large amount of domestic funds from deposit accounts to the stock market, further strengthening the market's upward momentum. 3. Based on the above analysis, the brokerage firm reiterated its positive outlook on the Indonesian stock market and maintained its target of 9100 points for the Jakarta Composite Index by 2026. The index closed at 8092.63 points, indicating that the market still has considerable upside potential.

09:42:13

Liquid cooling server concept is active, Industrial Foxconn hit the daily limit, continuing to set a new historical high, with a total market value exceeding 1.6 trillion yuan. Previously, Chunzhong Technology and Kangsheng Shares hit the daily limit, and Rongyi Precision, Invic, Haohua Technology, Dingtong Technology and others followed suit.

09:41:59

my country's total logistics costs reached 14.2 trillion yuan in the first three quarters, with steady improvement in logistics efficiency. The China Federation of Logistics and Purchasing (CFLP) today (the 29th) released logistics data for the first three quarters of this year. Total logistics costs reached 14.2 trillion yuan in the first three quarters, a year-on-year increase of 4.3%, a 0.6 percentage point drop from the first half of the year. The ratio of total logistics costs to GDP was 14.0%, a 0.1 percentage point drop from the same period last year. Cai Jin, President of the CFLP, stated that this 0.1 percentage point reduction represents a reduction of approximately 100 billion yuan in logistics costs from the first three quarters of this year, demonstrating significant progress in reducing logistics costs. (CCTV News)

09:41:20

The Nikkei 225 index rose 2.00% on the day, closing at 51225.31.

09:40:10

The Nikkei 225 index just broke through the 51200.00 mark and was last at 51221.75, up 2.00% on the day.

09:40:08

Toyota executives: We have told the US that Toyota will continue to invest and create jobs in the US

09:39:29

US President Trump: The trip so far has been enjoyable.

09:38:43

South Korea's central bank governor said GDP growth could exceed 1% in 2025, higher than the previous forecast of 0.9%.

09:38:18

Toyota executive: We haven't explicitly stated we will invest $10 billion in the U.S. over the next few years.

09:37:39

[Computing power hardware stocks opened higher collectively, Zhongji Xuchuan, Xinyi Sheng, and Foxconn Industrial Internet set new highs] Computing power hardware stocks opened higher collectively, Zhongji Xuchuan, Xinyi Sheng, and Foxconn Industrial Internet set new highs, Shenghong Technology, Jingwang Electronics, and Shengyi Electronics opened higher.

09:34:59

The main Brent crude oil futures contract just broke through the $64.00/barrel mark and was last reported at $64.01/barrel, down 0.65% on the day.

09:34:06

[China Securities Regulatory Commission: Improve the issuance and listing mechanism of the Beijing Stock Exchange, and make good use of the fourth set of listing standards for non-profit enterprises] Shang Qingjun, a first-level inspector of the Public Company Supervision Department of the China Securities Regulatory Commission, said this at the 2025 Financial Street Forum Annual Meeting on October 29. As the "main battlefield" for serving innovative small and medium-sized enterprises, the Beijing Stock Exchange and the New Third Board need to continue to conduct in-depth research on the characteristics, development laws and capital market needs of such enterprises, and continuously improve the adaptability of institutional mechanisms and product services. On the one hand, improving the issuance and listing mechanism of the Beijing Stock Exchange, making good use of the fourth set of listing standards for non-profit enterprises, and optimizing the disclosure requirements for innovative attributes will not only strongly support technological innovation in cutting-edge fields and break through the "bottleneck" problem, but also effectively serve the transformation and upgrading of traditional industries and help "fill in the gaps, stabilize the chain and strengthen the chain." On the other hand, give full play to the "nursery" role of the New Third Board, optimize the access system, improve the tiered arrangement, stimulate market vitality, highlight the cultivation, standardization and service functions, and improve the quality of listed companies.

09:33:46

[National Bureau of Statistics: Basic Research Investment to Maintain Rapid Growth in 2024, with Enterprises Maintaining a Solid Leading Role in Technological Innovation] Lin Mei, a statistician from the Department of Social Sciences and Culture of the National Bureau of Statistics, interpreted the 2024 China Innovation Index. Data shows that basic research investment will maintain rapid growth. Increasing investment in basic research is a crucial foundation for enhancing original innovation capabilities. In 2024, my country's basic research funding reached 250.09 billion yuan, a 10.7% increase over the previous year, continuing its rapid double-digit growth momentum. This growth rate was 1.8 percentage points higher than the overall growth rate of R&D funding, accounting for 6.88% of R&D funding, a record high. Enterprises will maintain a solid leading role in technological innovation. In 2024, enterprises will contribute 77.1% to the growth of R&D expenditure in the whole society, becoming the main force driving the growth of R&D expenditure in my country. Among them, R&D expenditure of industrial enterprises above designated size will be 2.25477 trillion yuan, an increase of 7.5% over the previous year. Among industrial enterprises above designated size, 303,000 enterprises have carried out technological innovation activities, accounting for 60.6%, an increase of 0.1 percentage points over the previous year.

09:33:30

[China Securities Regulatory Commission: Researching and Optimizing the New Share Issuance System and Steadily Expanding the Market Maker Team] Shang Qingjun, First-Class Inspector of the Public Company Supervision Department of the China Securities Regulatory Commission, delivered a keynote speech titled "Deepening Reform and Innovation, Optimizing Market Functions, Strengthening Standardized Supervision, and Promoting the Innovation and Development of Small and Medium-sized Enterprises with High-quality Financial Services" at the 2025 Financial Street Forum Annual Meeting on October 29th. Shang Qingjun emphasized the importance of dynamic market balance and the cultivation and expansion of patient capital. Prioritizing enhancing the investment value of listed companies, maintaining the normalization of IPOs and listings on the Beijing Stock Exchange, improving "full-chain" issuance supervision arrangements, and strengthening the accountability of each link. Researching and optimizing the new share issuance system and steadily expanding the market maker team will provide more market participation opportunities and investment convenience. At the same time, actively guiding various types of medium- and long-term funds into the market, promoting the establishment of specialized funds in more localities to participate in market development, and strengthening the professional investor base. Focusing on bottlenecks in the "fundraising, investment, management, and exit" process of private equity funds, targeted efforts will be made to streamline circulation and attract more patient capital adhering to a "long-term approach" to innovative small and medium-sized enterprises.

09:33:13

[CSRC: Number of Qualified Investors on Beijing Stock Exchange Increases by 40% Since Early 2024] Shang Qingjun, a first-level inspector of the Public Company Supervision Department of the China Securities Regulatory Commission (CSRC), delivered a keynote speech entitled "Deepening Reform and Innovation, Optimizing Market Functions, Strengthening Standardized Supervision, and Promoting the Innovative Development of SMEs with High-Quality Financial Services" at the 2025 Financial Street Forum Annual Meeting on October 29. Shang Qingjun introduced that the agglomeration effect of innovation entities is prominent, and innovation investment continues to increase. Among the 280 listed companies on the Beijing Stock Exchange, more than 80% are strategic emerging industries and advanced manufacturing enterprises, and 53% are national-level specialized and innovative "little giant" enterprises. The average R&D intensity of listed companies is 4.5%, which is 2.86 percentage points higher than the average level of enterprises above designated size. The investment and financing ecosystem has been optimized, and market vitality has been significantly enhanced. The overall operating and development of listed companies on the Beijing Stock Exchange is good. In the first half of this year, more than 80% of the companies achieved profitability, with a median net profit of approximately RMB 15 million. Listed companies actively reward investors, with cumulative cash dividends of approximately RMB 5 billion, and 13 companies implementing share buybacks, significantly improving investors' sense of gain. Correspondingly, the enthusiasm of all parties in the market has increased significantly, with the number of qualified investors increasing by 40% since the beginning of 2024. In the first half of this year, the Beijing Stock Exchange's average daily turnover reached nearly 30 billion yuan, demonstrating increasing market vitality and attractiveness, and a continuously improving ecosystem.

09:32:09

The Nikkei 225 index just broke through the 51,100.00 mark and was last at 51,100.17, up 1.75% on the day.

09:31:29

The most active liquefied petroleum gas (LPG) futures contract rose 1.01% intraday, closing at 4304 yuan/ton.

09:31:12

[China's Innovation Index increased by 5.3% in 2024 compared to the previous year] According to the calculation of the research team of "China Innovation Index Research" of the Social Science and Culture Department of the National Bureau of Statistics, China's Innovation Index in 2024 was 174.2 (with 2015 as 100), an increase of 5.3% over the previous year [1]. In terms of different fields, the innovation environment index, innovation input index, innovation output index and innovation effectiveness index were 186.0, 162.6, 215.8 and 132.4 respectively, an increase of 4.9%, 5.1%, 8.1% and 1.9% over the previous year respectively. The results show that China's innovation index will maintain steady growth in 2024, my country's scientific and technological innovation capabilities will continue to improve, innovation output will grow rapidly, and new development momentum will continue to grow, providing strong support for high-quality economic development. The innovation input index was 162.6, an increase of 5.1% over the previous year. Looking at the evaluation indicators, all four indices in this field showed growth; among them, the per capita funding index for basic researchers grew relatively quickly, increasing by 6.6% compared to the previous year; the ratio of enterprise R&D expenditure to operating revenue, the full-time equivalent of R&D personnel per 10,000 people, and the ratio of R&D expenditure to GDP increased by 4.7%, 4.6%, and 4.5% respectively compared to the previous year.

09:30:39

The Shenzhen Component Index just broke through the 13500.00 mark and is currently trading at 13500.51, up 0.52% on the day.

09:25:18

The Shanghai Composite Index opened at 3990.27 points in the morning, up 0.05%; the CSI 300 Index opened at 4701.04 points in the morning, up 0.19%; the Shenzhen Component Index opened at 13484.01 points in the morning, up 0.40%; the ChiNext Index opened at 3263.98 points in the morning, up 1.07%; the SME Board Index opened at 14414.34 points in the morning, up 0.09%

09:24:40

[Russian President's Press Secretary: The prospects for restarting Russia-Ukraine negotiations cannot be assessed] On the 28th local time, Russian President's Press Secretary Peskov stated that Russia is currently unable to assess the prospects for restarting Russia-Ukraine negotiations. As the Russian side has emphasized many times before, the fundamental reason for the suspension of negotiations is Ukraine's lack of willingness to continue dialogue. Ukrainian President Zelensky said that day that Ukraine is ready for negotiations but will not give up land. Russian President's Press Secretary Peskov: At present, we cannot assess the prospects for resuming the negotiation process. As we have repeatedly stated, the suspension of negotiations at this stage is due to Ukraine's unwillingness to continue the negotiation process, unwillingness to answer the questions we raised, and unwillingness to respond to the draft documents we submitted. (CCTV)

09:22:24

Hong Kong markets are closed today for the Double Ninth Festival. CNY HIBOR (Hong Kong Interbank Offered Rate) will not be updated.

09:21:55

The People's Bank of China: Today, a 7-day reverse repurchase operation of 557.7 billion yuan was carried out, with a bid volume of 557.7 billion yuan and a winning volume of 557.7 billion yuan. The operating interest rate was 1.40%, the same as before.

09:20:51

AFP, citing Gaza's civil defense department, reported that the death toll from the Israeli attack on Gaza has risen to 30.

09:20:33

A delegation led by Russian Deputy Prime Minister Alexei Overchuk arrived in South Korea to attend the Asia-Pacific Economic Cooperation (APEC) summit.

09:20:02

OECD Secretary-General: Global economic growth prospects face significant downside risks

09:19:11

The China Federation of Logistics and Purchasing (CFLP) today (the 29th) released logistics data for the first three quarters of this year. Specifically, total industrial product logistics volume increased by 5.6% year-on-year in the first three quarters, contributing 81% to the growth of total social logistics. The core pillar of industrial logistics demand continues to consolidate, with the upgrading sector driving this growth particularly strongly. In terms of physical volume, logistics volume for products such as industrial control computers and systems, 3D printing equipment, and industrial robots increased by over 30%. Import logistics operations are showing signs of recovery. Demand for imported high-end manufacturing components remains strong, with import logistics volume for electromechanical products such as machine tools and integrated circuits maintaining high growth rates of 13% and 8.9%, respectively.

09:17:48

[Ministry of Science and Technology: Notice on Launching an Innovation Points-Based "Challenge-Based" System] The General Office of the Ministry of Science and Technology issued a notice on launching an innovation points-based "challenge-based" system. To effectively promote the implementation of the "Several Policy Measures to Accelerate the Construction of a Science and Technology Finance System to Strongly Support High-Level Scientific and Technological Self-Reliance," and to encourage local governments to conduct pilot programs and carry out distinctive science and technology finance innovation practices, the Ministry is now organizing the "challenge-based" innovation points-based system. Pilot programs will be conducted within the existing policy framework, completing the tasks listed through various innovative methods such as formulating specific implementation policies and conducting reform pilots. At the same time, local governments will be supported in promoting and elevating their innovative practices and best practices. Central-local government collaboration and science and technology finance synergy will empower policy implementation, accelerate the formation of replicable and scalable experiences, and transform science and technology finance policies and measures into concrete and effective measures for science and technology innovation entities to obtain financial support, thereby promoting the construction of a science and technology finance system and mechanism adapted to scientific and technological innovation.

09:17:21

[U.S. Vice President: The United States believes that "small-scale conflicts" may continue between Israel and Hamas] Fox News quoted Vance's statement as saying: "This does not mean that there will not be some small-scale conflicts... But I believe that despite this, the president's (Trump) peace plan will remain." Vance previously stated that the United States learned that "Hamas attacked an IDF soldier" and expected Israel to take retaliatory measures.

09:17:16

The Nikkei 225 index just broke through the 51,000.00 mark and was last at 51,000.46, up 1.56% on the day.

09:16:44

Could the recent plunge in gold be a fakeout? Key bullish levels revealed, awaiting the Fed's final word. Details>

09:15:55

On October 29th, the central parity rate of the RMB in the interbank foreign exchange market was as follows (2/2): RMB/South African Rand: 2.4201, down 88.00 points; RMB/Korean Won: 201.9200, up 15.00 points; RMB/UAE Dirham: 0.5182, up 2.10 points; RMB/Saudi Riyal: 0.5291, up 2.90 points; RMB/Hungarian Forint: 46.9903, down 272.03 points; RMB/Polish Złoty: 0.5122, down 0.10 points; RMB/Danish Krone: 0.9042, up 3.00 points; RMB/Swedish Krone: 1.3226, up 5.00 points; RMB/Norwegian Krone: 1.4080, up 5.00 points. The RMB was quoted at 5.9183 against the Turkish lira, up 32.50 points; the RMB was quoted at 2.6007 against the Mexican peso, up 69.00 points; the RMB was quoted at 4.5614 against the Thai baht, down 358.00 points.

09:15:55

On October 29, the central parity rate of the RMB against the US dollar in the interbank foreign exchange market was as follows (1/2): The Swiss Franc was quoted at 8.9342 against the RMB, up 110.01 points; the US Dollar was quoted at 7.0843 against the RMB, down 13.00 points; the Euro was quoted at 8.2582 against the RMB, down 40.01 points; 100 Japanese Yen was quoted at 4.6613 against the RMB, up 154.00 points; the Hong Kong Dollar was quoted at 0.9120 against the RMB, down 2.80 points; the British Pound was quoted at 9.4071 against the RMB, down 540.00 points; the Australian Dollar was quoted at 4.6663 against the RMB, up 153.00 points; the New Zealand Dollar was quoted at 4.0986 against the RMB, down 6.00 points; and the Singapore Dollar was quoted at 5.4799 against the RMB, up 69.00 points. The Canadian dollar was quoted at 5.0836 against the Chinese yuan, up 128.00 points; the yuan was quoted at 0.5914 against the Malaysian ringgit, down 17.00 points; and the yuan was quoted at 11.1671 against the Russian ruble, up 95.00 points.

09:15:33

The central parity rate of USD/CNY today was 7.0843, down 13 points from 7.0856 in the previous trading day. The USD/CNY closed at 7.0989 yesterday against the onshore RMB and 7.0952 yesterday against the offshore RMB.

09:15:32

Toyota executives: We are still discussing reverse imports from the United States internally

09:15:22

In the first three quarters, the total national social logistics volume reached 263.2 trillion yuan, a year-on-year increase of 5.4%. The China Federation of Logistics and Purchasing released logistics data for the first three quarters of this year today (the 29th). In the first three quarters, the total national social logistics volume reached 263.2 trillion yuan, a year-on-year increase of 5.4%. Specifically, the total logistics volume of industrial products increased by 5.6% year-on-year in the first three quarters, contributing 81% of the growth in total social logistics volume. The core pillar of logistics demand in the industrial sector continues to consolidate, with the driving role of upgrading sectors being particularly evident. In terms of physical volume, the logistics volume of products such as industrial control computers and systems, 3D printing equipment, and industrial robots increased by over 30%. Import logistics operations are showing signs of recovery. Demand for imported high-end manufacturing components remains strong, with import logistics volume of electromechanical products such as machine tools and integrated circuits maintaining high growth rates of 13% and 8.9% respectively. Furthermore, driven by policies such as large-scale equipment upgrades, logistics demand related to the new energy industry chain is growing rapidly. In the first three quarters, the production and logistics volume of new energy products such as new energy vehicles, automotive lithium-ion batteries, and solar cells increased by 29.7%, 46.9%, and 14.0%, respectively. (CCTV News)

09:14:58

South Korea's Ministry of Science and Technology: The United States and South Korea signed a memorandum of understanding on technology prosperity, including accelerating artificial intelligence innovation

09:13:10

[my country's Logistics Micro-Entities Maintain Resilience in the First Three Quarters] The China Federation of Logistics and Purchasing released logistics operation data for the first three quarters of this year today (September 29). A survey of key logistics enterprises shows that despite a complex external environment, logistics micro-entities have demonstrated strong resilience this year. In the third quarter, driven by the traditional peak season and pro-consumption policies, the operating conditions of logistics enterprises showed a marginal recovery and improvement. From January to September, the logistics business revenue of key logistics enterprises increased by 4.5% year-on-year, 0.1 percentage points higher than that from January to August, indicating a more active logistics business. While steadily expanding revenue, enterprises continued to promote refined operations and cost control. In the first three quarters, the cost per 100 yuan of operating revenue was 95.5 yuan, a decrease of 0.2 yuan compared to the first half of the year, and the revenue profit margin rebounded to 3.3%, a slight improvement compared to the previous quarter. The growth momentum in sub-sectors such as express delivery and cross-border logistics was particularly evident. In the first three quarters, the integrated logistics business revenue of key logistics enterprises increased by 14.7% year-on-year, and its proportion in the enterprise's revenue composition increased. (CCTV News)

09:10:48

According to a report by the American website Axios, senior officials in the Trump administration stated that they do not believe the alleged staged discovery of the hostage's body by the Palestinian Hamas movement constitutes a major violation of the ceasefire agreement.

09:08:15

Toyota executives: Toyota's chairman and US President Trump did not discuss investment amounts or the importation of US cars into Japan yesterday.

09:06:43

[Russian Media: Belarus Says Russian "Hazel" Missile Will Enter "Combat Readiness" Status in December] According to Russian media outlets such as Izvestia and RIA Novosti, Belarusian Presidential Press Secretary Esmont stated on the 28th that Russia's new "Hazel" medium-range hypersonic missile will enter "combat readiness" status in Belarus in December. Esmont stated that the military briefed Belarusian President Lukashenko on this matter that day and confirmed that the arrangements would be implemented in December.

09:06:29

SK Hynix: The high-bandwidth memory (HBM) market is expected to grow at an average annual rate of 30% over the next five years.

09:06:16

Spot gold just broke through the $3,970.00/ounce mark and was last trading at $3,969.85/ounce, up 0.44% on the day. The main COMEX gold futures contract was last trading at $3,983.80/ounce, up 0.02% on the day.

09:02:46

[China's first automotive chip standard verification platform put into use] On the 28th, China's first national-level automotive chip standard verification pilot service platform was put into use in Shenzhen, marking a new step in my country's automotive-grade chip quality verification and evaluation capabilities. This platform has 13 professional laboratories, including automotive-grade chip environment and reliability laboratories, failure analysis laboratories, information security laboratories, and performance testing laboratories. It is equipped with more than 80 sets of testing equipment and has the verification test capabilities for more than 30 automotive chip standards. It is understood that in the future, my country will use this platform to formulate unified evaluation methods for automotive-grade chips, build a unified standard verification platform, deeply cultivate key common technologies for automotive-grade chip testing, promote the quality improvement of China's automotive chips, and contribute China's intelligent connected new energy vehicle solutions to the global industrial ecosystem. (CCTV News)

09:00:52

[2025 APEC CEO Summit Opens] On October 29th local time, the 2025 APEC CEO Summit opened in Gyeongju, South Korea. The theme of this summit is "Bridge, Business, Beyond". 20 thematic meetings will be held to discuss topics such as regional economic integration, artificial intelligence and digital transformation, and sustainability. It is reported that more than 1,700 people will attend the summit. APEC was established in 1989 and currently has 21 members. It is the highest-level, most extensive and most influential economic cooperation mechanism in the Asia-Pacific region.

09:00:31

SK Hynix: Server customer memory inventory declines, DRAM inventory is extremely low

08:59:57

South Korean President Lee Jae-myung: Will propose artificial intelligence initiatives at the APEC summit

08:58:40

Is this week's Fed rate cut a foregone conclusion? Internal divisions escalate, and the jobs data black hole and QT finale are fueling market volatility! Details>

08:55:44

Air Force One, the presidential plane of the United States, took off from Tokyo and headed to South Korea.

08:55:34

SK Hynix: Memory manufacturers' shift to HBM production has led to a shortage of traditional memory supply. Some customers are looking to sign long-term contracts, and capital expenditure will increase significantly in 2026. New capacity additions next year will focus on HBM, while NAND production will concentrate on the conversion to advanced processes.

08:54:31

South Korean President Lee Jae-myung: The trade environment today is vastly different from what it was 20 years ago. Facts have proven that mutual trust is key to achieving common prosperity during times of crisis, and supply chain cooperation is crucial.

08:53:03

Spot platinum just broke through the $1,590.00/ounce mark and was last trading at $1,589.55/ounce, up 1.17% on the day. The main Nymex platinum futures contract was last trading at $1,593.9/ounce, up 0.57% on the day.

08:51:34

[Likelihood of a Short-Term Interest Rate Cut in Australia Almost Ruled Out] Data shows that driven by rising housing and travel costs, Australia's consumer prices in the September quarter saw their biggest increase in over two years. This unexpected surge in core inflation has virtually ruled out the possibility of a near-term interest rate cut. The Australian Bureau of Statistics reported that the CPI rose 1.3% quarter-on-quarter in the third quarter, higher than the market expectation of 1.1%; year-on-year, it jumped from 2.1% to 3.2%, partly due to base effects and energy subsidies. The revised average core inflation for the quarter was 1.0%, higher than the expected 0.8%, an unwelcome signal for the Reserve Bank of Australia, which had hoped for a figure closer to 0.6%. On an annual basis, core inflation rose from 2.7% to 3.0%, marking the first acceleration since the high of 6.8% at the end of 2022.

08:50:42

South Korean President Lee Jae-myung: Business leaders in the Asia-Pacific region will work together to achieve common prosperity and hope to jointly seek solutions to the crisis at the APEC CEO Summit.

08:50:10

Choi Tae-won, Chairman of South Korea's SK Group: The global economy faces various challenges such as supply chain shifts. Deepening trade and investment partnerships is crucial for Asia-Pacific countries. Business leaders in the Asia-Pacific region are working together to achieve common prosperity.

08:49:28

Futures markets indicate an 8% probability of a rate cut by the Reserve Bank of Australia next week, compared to a 40% probability before the CPI data release.

08:48:52

The Nikkei 225 index has just broken through the 50,800.00 mark, currently trading at 50,790.87, up 1.14% on the day.

08:47:07

Australia's September Bureau of Statistics CPI annual rate - seasonally adjusted

Previous : 3% Forecast : -

Published Value 3.50%

08:47:06

Australia's weighted CPI annual rate for September released by the Bureau of Statistics

Previous : - Forecast : -

Published Value 3.50%

08:47:05

Australia's September Bureau of Statistics CPI monthly rate - seasonally adjusted

Previous : - Forecast : -

Published Value 0.30%

08:47:05

Australia's September Bureau of Statistics CPI monthly rate - seasonally adjusted

Previous : - Forecast : -

Published Value 0.30%

08:46:29

Data released by the Australian Bureau of Statistics showed that Australia's CPI rose 1.3% month-on-month in the third quarter, the biggest increase since March 2023.

08:43:32

Spot platinum just broke through the $1,600.00/ounce mark and was last trading at $1,600.15/ounce, up 1.85% on the day. The main Nymex platinum futures contract was last trading at $1,600.8/ounce, up 1.01% on the day.

08:43:32

The annualized cut-off average annual rate of the Australian Bureau of Statistics' CPI for September

Previous : 2.60% Forecast : -

Published Value 2.80%

08:41:50

Australia's September Bureau of Statistics CPI annual rate - seasonally adjusted

Previous : 3% Forecast : -

Published Value 3.50%

08:41:49

Australia's September Bureau of Statistics CPI monthly rate - seasonally adjusted

Previous : 0.10% Forecast : -

Published Value 0.30%

08:41:41

Spot gold just broke through the $3,980.00/ounce mark and was last trading at $3,980.04/ounce, up 0.70% on the day. The main COMEX gold futures contract was last trading at $3,993.00/ounce, up 0.25% on the day.

08:39:30

Australia's weighted CPI annual rate for September released by the Bureau of Statistics

Previous : 3% Forecast : 3.10%

Published Value 3.50%

08:36:32

[Study Shows Musk's Partisan Politics Costs Tesla 1 Million Fewer Cars in the US] Since acquiring Twitter (later renamed X) in 2022, Tesla CEO Elon Musk's highly partisan political actions have severely damaged Tesla's sales in the United States, highlighting the deep intertwining of Tesla's fate and his personal image. A working paper by Yale University economists at the National Bureau of Economic Research (NBER) suggests that without what researchers call the "Musk partisan effect," Tesla's sales in the US between October 2022 and April 2025 would have increased by 67% to 83%, or approximately 1 million to 1.26 million vehicles. The study found that this effect also boosted sales of competing electric and hybrid vehicles by approximately 17% to 22% as Democratic-leaning buyers turned away from Tesla. Yale researchers believe the decline in Tesla sales is related to Musk's increasingly partisan behavior, including his donations of approximately $300 million to Republican candidates and his leadership of the Department of Government Efficiency (DOGE) during the Trump administration. The report cited surveys showing that Musk's political stance has alienated environmentally conscious Democratic buyers, who have historically been Tesla's strongest base.

08:36:17

[Australia's Lynas will build a new heavy rare earth plant in Malaysia] Australia's Lynas Rare Earths will reportedly build a new heavy rare earth separation facility in Malaysia to meet the needs of buyers of these critical minerals. The Australian miner intends to start producing samarium early next year and then increase production of other heavy rare earths. Samarium is an essential material for magnets required for defense technologies such as the F-35 fighter jet. Lynas has been producing so-called light rare earths in Malaysia since 2012. Lynas recently raised approximately A$932 million (equivalent to US$614 million), pledging to accelerate expansion in what it calls a rapidly changing market. The newly announced plant will be able to separate up to 5,000 tons of heavy rare earth raw materials each year, which Lynas will purchase from its Mt Weld deposit in Australia and other yet-to-be-developed sources such as ionic clay deposits in Malaysia.

08:35:10

The Nikkei 225 index just broke through the 50900.00 mark and was last at 50900.92, up 1.36% on the day.

08:32:13

Australia's central bank's CPI weighted median quarterly rate for the third quarter

Previous : 0.60% Forecast : 0.90%

Published Value 1%

08:31:56

Australia's central bank CPI weighted median annual rate for the third quarter

Previous : 2.70% Forecast : 2.70%

Published Value 3%

08:31:42

Australia's central bank CPI cut-off average quarterly rate for the third quarter

Previous : 0.60% Forecast : 0.80%

Published Value 1%

08:31:36

Australia's central bank CPI cut-off average annual rate for the third quarter

Previous : 2.70% Forecast : 2.70%

Published Value 2.80%

49

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