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[Ministry of Commerce: Accelerating the Cultivation of New "Digital + Service" Business Forms and Models] At a press conference held by the State Council Information Office, Vice Minister of Commerce Sheng Qiuping stated that the Ministry of Commerce will accelerate the cultivation of new "digital + service" business forms and models, vigorously develop digital life services, digital cultural services, and digital health services, and promote the deep integration of digital technology and service consumption to better unleash the potential of service consumption. Sheng Qiuping explained that the Ministry of Commerce will accelerate the cultivation of new "digital + service" business forms and models, vigorously develop digital life services, digital cultural services, and digital health services, and promote the deep integration of digital technology and service consumption to better unleash the potential of service consumption. (Ministry of Commerce)

[ICBC: Announcement Regarding the Suspension of Applications for Certain Ruyi Gold Accumulation Services] ICBC issued an announcement today stating that, due to the impact of macroeconomic policies and in accordance with relevant risk management requirements, starting November 3, 2025, ICBC will suspend accepting applications for account opening, active accumulation, new fixed-term accumulation plans, and physical withdrawals for Ruyi Gold Accumulation services. The execution, redemption, and account closure of existing customers' valid fixed-term accumulation plans will not be affected. Please refer to subsequent announcements regarding the resumption of related services.

[ING: South Korean Exports Still Poised for Growth Next Year; 2026 GDP Forecast Raised] ING senior economist Min Joo Kang wrote in a report that despite expected slowdowns in US demand, South Korean exports are still expected to grow next year. The tariff reduction agreement reached between South Korea and the US last week may help alleviate pressure on South Korean auto exports. Kang is optimistic that major South Korean chipmakers have already secured orders for 2026, while also noting that South Korean shipbuilders have consistently received substantial orders in recent years. Based on a more optimistic outlook for exports and domestic demand, ING has raised its 2026 GDP growth forecast for South Korea from 1.8% to 2.0%.

[National Immigration Administration: Five More Ports in Guangdong Province Added to the 240-Hour Visa-Free Transit Policy] The National Immigration Administration today released 10 immigration and entry-exit management service policy measures. Starting November 5, 2025, five more ports in Guangzhou—Pazhou Passenger Port, Hengqin, Hong Kong-Zhuhai-Macau Bridge, Zhongshan Port, and the West Kowloon Station of the Guangzhou-Shenzhen-Hong Kong Express Rail Link—will be added to the 240-hour visa-free transit policy, increasing the total number of ports of entry eligible for the policy from 60 to 65.

[Analyst: RBA Likely to Hold Rates Steady; High House Prices and Weak Employment Complicate Outlook] Analyst James Glynn stated that the Reserve Bank of Australia (RBA) faces a series of worrying economic data this week. Given the increasingly complex economic outlook, the bank is almost certain to keep the cash rate unchanged at 3.60% on Tuesday. It is expected to signal that further rate cuts will not be reconsidered until next year. Last week's third-quarter inflation data almost completely eliminated market expectations of another rate cut at this week's meeting, with some economists even completely ruling out further cuts. Inflationary pressures remain widespread, and some analysts believe that the relatively controlled price increases in recent quarters have been due to government subsidies artificially suppressing electricity prices to some extent. More worryingly, core inflation has returned to the upper limit of the RBA's 2% to 3% target range. Furthermore, national house prices rose at their fastest pace in over two years in October. However, the recent significant rise in the unemployment rate complicates the situation further. But given the signs of a moderate economic recovery this year, the weakness in the labor market may currently be considered a secondary issue.

[National Immigration Administration: Expanding the Scope of Ports Eligible for 24-Hour Direct Transit Without Inspection] The National Immigration Administration today released 10 immigration and entry-exit management service policy measures. Starting November 5, 2025, the 24-hour direct transit without entry-exit border inspection measures will be replicated and promoted at 10 international airports: Tianjin Binhai International Airport, Dalian Zhoushuizi International Airport, Nanjing Lukou International Airport, Fuzhou Changle International Airport, Qingdao Jiaodong International Airport, Wuhan Tianhe International Airport, Nanning Wuxu International Airport, Haikou Meilan International Airport, Chongqing Jiangbei International Airport, and Kunming Changshui International Airport. Passengers holding international connecting tickets within 24 hours who are transiting through any of the above airports directly to a third country or region without leaving the airport will be exempt from entry-exit border inspection procedures.