Bank of Communications (03328.HK): In the third quarter of 2025, operating revenue was RMB 66.5 billion, up 4.23% year-on-year, and net profit was RMB 23 billion, up 2.46% year-on-year.

1. Plans to Meet Hungarian Prime Minister – US President Trump plans to meet with Hungarian Prime Minister Viktor Orbán on November 8. 2. Claims to “Defeat” Climate Hoax —Trump: I (we!) have just won the battle against the climate change hoax. Microsoft (MSFT.O) co-founder Bill Gates has finally admitted he was completely wrong on this issue. It took courage to do so, and we are all grateful for that. 3. Approves South Korea to Build Nuclear-Powered Submarine in the US —US President Trump announced on October 29 that a trade agreement had been reached with South Korea. Speaking at a dinner hosted by South Korean President Lee Jae-myung, Trump also revealed that he had approved South Korea to build a nuclear-powered submarine, which will be constructed in the United States. 4. Resume Nuclear Weapons Testing —On October 30, during a visit to South Korea, US President Trump stated that the United States would “immediately” resume nuclear weapons testing. It is noted that Trump made this statement after Russia announced the successful testing of a new strategic weapon. 5. Wishing for a Brighter Future for Both China and the US —Trump stated that US-China relations have always been good and will be even better in the future, expressing his hope for a brighter future for both countries. China is the US's largest partner, and the two countries can accomplish many great things together in the world. He anticipates even greater achievements in US-China cooperation in the future. 6. Looking Forward to Visiting China Early Next Year —On October 30th local time, President Xi Jinping met with US President Trump in Busan. The two heads of state agreed to maintain regular exchanges. Trump looks forward to visiting China early next year and invited President Xi to visit the United States. 7. Meeting with Canadian Prime Minister Carney —Canadian Prime Minister Carney stated that he and US President Trump had a "very good" conversation in South Korea on the 29th local time. Trump posted on social media, "We didn't come to South Korea to see Canada." 8. Demanded to Remove Tariffs on Canada —The US Senate passed a resolution on the 29th demanding the removal of US tariffs on Canada. This vote of 50 in favor and 46 against is the latest in a series of votes taken by Congress this week to end the national emergency declared by Trump. 9. Quietly Paying Overdue WTO Dues – According to the Financial Times, the Trump administration has paid over $25 million in overdue dues to the World Trade Organization. 10. Planning a Rare Midterm Political Rally in Las Vegas —Sources involved in the discussions revealed that President Trump's advisory team is considering Las Vegas as the venue for next year's Republican midterm convention. This move aims to help the Republican Party retain its slim majority in both houses of Congress.

Bank of Japan Governor Kazuo Ueda: (Regarding the US economy) The impact of tariffs is only slowly emerging.