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Japan's 20-year government bond auction had a bid-to-cover ratio of 4.00, the highest since May 2020

[John Lee: Hong Kong will accelerate the development of the Hetao District] Hong Kong Chief Executive John Lee delivered a new policy address in the Legislative Council of the Hong Kong Special Administrative Region today (17th). John Lee said that the development of the Hetao District will be accelerated, and the five buildings will be put into use in succession from 2027. The "construction and occupation" model will be considered.

[Employee Medical Insurance Personal Account Balances Can Be Transferred] Personal medical insurance accounts can be used not only for personal use but also for family members. Insured individuals can use the medical insurance wallet transfer function to transfer funds from their personal medical insurance accounts to the medical insurance wallets of close relatives for use in medical treatment and drug purchases, enabling mutual use of personal medical insurance accounts among close relatives (including across provinces). (CCTV News)

A-Share Midday Market Review: ChiNext Index Rises 1.74% in Half-Day, with Lithography and Diversified Financial Sectors Gaining Significantly. The three major indices rose in the morning session. By midday, the Shanghai Composite Index rose 0.41%, the Shenzhen Component Index rose 1.02%, the ChiNext Index rose 1.74%, and the Beijing Stock Exchange 50 Index fell 0.1%. The three stock exchanges in Shanghai, Shenzhen, and Beijing had a half-day trading volume of 1.5619 trillion yuan, a 63.8 billion yuan increase from the previous day. Over 2,900 stocks rose across the board. Lithography, diversified financial, foldable screen, robotics, and battery sectors led the gains. Precious metals, cinema chains, liquor, and pork stocks led the declines. Lithography-related stocks surged in early trading, with Wavelength Optoelectronics, Yongxin Optics, and Kaimet Gas hitting their daily limit. Robotics-related stocks continued to be active, with Wanxiang Qianchao hitting its third consecutive limit-up and Joyson Electronics hitting its second consecutive limit-up. Haowen Automotive and Yian Technology also saw significant gains. The battery sector saw unusual intraday gains, with both CATL's A-shares and H-shares hitting record highs. In addition, the securities and diversified financial sectors all saw some intraday fluctuations. Meanwhile, gold stocks mostly adjusted, with Western Gold falling over 4%, and many other stocks, including Chifeng Gold, Hunan Gold, and Xiaocheng Technology, also saw declines.

[Bank of America Securities: Indonesia accelerates fiscal measures to support economic growth] Bank of America Securities said that if Indonesia's recent fiscal measures can be effectively implemented, it may raise its forecast for Indonesia's economic growth. Currently, Bank of America Securities expects Indonesia's economic growth rate to be 5% in 2025 and 5.2% in 2026. Economists Kai Wei Ang and Rahul Bajoria said in a report that a special ministerial team is accelerating the implementation of flagship projects while launching fiscal measures worth 16 trillion rupiah in the fourth quarter to support low-income households, gig economy workers and the tourism industry. The Ministry of Finance has allocated 200 trillion rupiah in excess cash to five state-owned banks. Combined with the Indonesian central bank's interest rate cuts, this may reduce loan interest rates, but as businesses remain cautious, overall loan growth may take some time to improve. They added that plans to establish a separate tax agency are moving forward and fiscal legislation may be updated next year, which makes investors and credit rating agencies closely watch fiscal developments.

The Shanghai Composite Index closed at 3877.55 points in the morning, up 0.41%; the CSI 300 Index closed at 4550.58 points in the morning, up 0.60%; the Shenzhen Component Index closed at 13197.01 points in the morning, up 1.02%; the ChiNext Index closed at 3140.76 points in the morning, up 1.74%; the SME Board Index closed at 14311.80 points in the morning, up 0.61%.