UBS (UBS.N): Global wealth management business added $38 billion in assets in the third quarter.

Key News 1. The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." 2. The State Administration of Foreign Exchange: Encouraging banks to include more SMEs related to new trade formats in the scope of high-quality enterprises. 3. The Bureau of Small and Medium-sized Enterprises of the Ministry of Industry and Information Technology: Revising the standards for classifying SMEs. 4. Lu Songbin, Chairman of the Beijing Stock Exchange: Accelerating the launch of the Beijing 50 ETF. 5. The "Implementation Opinions of Beijing Municipality on Promoting the Inflow of Medium and Long-Term Funds into the Market" was issued. 6. Ministry of Finance: From January to September, the total operating revenue of state-owned enterprises increased by 0.9% year-on-year, while total profits decreased by 1.6% year-on-year. Individual Stock News 1. Data on main force capital flows shows that LONGi Green Energy received the largest net inflow of main force capital at 2.07 billion yuan, followed by Shanzi High-Tech, Sungrow Power, Lead Intelligent Equipment, and Eastmoney Information. ZTE Corporation received the largest net outflow of main force capital at 1.713 billion yuan, followed by GigaDevice, Kweichow Moutai, SMIC, and China Merchants Bank. 2. Xianju Pharmaceutical: The company's injectable vecuronium bromide is expected to be selected in the 11th batch of national centralized drug procurement. 3. BYD's first K-Car model, the Racco, debuts in the Japanese market. 4. Shangtai Technology: By the end of 2026, the company will have an integrated production capacity of over 500,000 tons of artificial graphite anode materials. 5. Weiwan Sealing: Orders have been placed for sealing products used in semiconductor processing equipment. 6. Jiangsu Shentong: Small-batch orders have been received for special valves used in nuclear fusion scientific devices, etc. 7. Sungrow Power: Domestic energy storage capacity is expected to increase by approximately 130 GWh this year. 8. Sungrow Power: NVIDIA's white paper mentions SST (Special Storage Technology) with large-scale energy storage solutions, in which the company has an advantage.

Market News: UniCredit announced it will reduce assets managed by Amundi and pay a fine. The company plans to reduce Amundi's assets to near zero by the end of the contract and withdraw all client funds by mid-2027.