Russia's central bank's gold and foreign exchange reserves totaled $731.2 billion for the week ending October 24, compared with $742.4 billion in the previous week.

Volkswagen: We will continue to explore alternative procurement options.

Domestic News: 1. Xi Jinping will meet with US President Trump in Busan, South Korea on October 30th (local time). 2. The State Administration of Foreign Exchange launched nine policy measures in three areas to support cross-border trade. 3. Huang Renxun stated that the US needs to export AI chips to China; the Ministry of Foreign Affairs responded. 4. Did China purchase soybeans from the US for the first time this harvest season? The Ministry of Foreign Affairs responded. 5. Kweichow Moutai: Third-quarter net profit was 19.224 billion yuan, a year-on-year increase of 0.48%. 6. The special fund for the development of strategic emerging industries of central state-owned enterprises was launched, with an initial scale of 51 billion yuan. 7. China Insurance Industry Association: The current research value for the guaranteed interest rate of ordinary life insurance products is 1.90%. 8. Ministry of Finance: From January to September, the total operating revenue of state-owned enterprises increased by 0.9% year-on-year, while the total profit decreased by 1.6% year-on-year. 9. Trump expressed optimism about the meeting between the Chinese and US leaders; the Ministry of Foreign Affairs stated its willingness to work with the US to achieve positive results. 10. Trump wants to lower tariffs in exchange for China curbing fentanyl exports; Foreign Ministry: The US should create the necessary conditions for cooperation. International News: 1. Federal Reserve October meeting: 25 basis point rate cut as expected; Milan supports 50 basis point cut; Schmid hopes to hold rates steady, ending balance sheet reduction on December 1st; Powell stated that a December rate cut is not a certainty, officials are seriously divided on December policy, and the data vacuum caused by the government shutdown has made more people cautious, tending to hold rates steady. Powell also mentioned that this is still a risk management rate cut, and the current AI boom is different from the last dot-com bubble. 2. Middle Eastern Gulf countries collectively announce 25 basis point rate cuts. 3. Trump: Failed to coordinate meeting time with Kim Jong-un. 4. British Prime Minister Starmer opens the door to raising major UK taxes. 5. Microsoft, Google, and Meta release earnings reports on the same day, market reactions are mixed. 6. US announces new round of sanctions against Russia, focusing on two oil companies. 7. The Bank of Canada cut interest rates by 25 basis points as expected, while hinting at a pause in rate cuts. 8. South Korea and the US reached a trade agreement, with South Korea investing $350 billion in the US, including $200 billion in cash. 9. Overnight market activity: Nvidia's market capitalization surpassed $5 trillion, becoming the first company globally to reach this milestone; gold continued to fall to around $3,920 after Powell's hawkish remarks; Bitcoin broke below $110,000; and US Treasury yields generally rose by more than 10 basis points.