Domestic News
1.
Li Qiang attended the 28th ASEAN-China-Japan-ROK Leaders' Meeting. He emphasized the importance of properly resolving differences through dialogue and consultation, jointly safeguarding free trade and the multilateral trading system, opposing all forms of protectionism, and continuously advancing regional economic integration.
2. Wang Yi spoke with US Secretary of State Rubio by phone.
3. The Ministry of Foreign Affairs responded to the China-US economic and trade consultations: The two sides agreed to further finalize specific details and fulfill their respective domestic approval procedures.
4. The National Bureau of Statistics: From January to September, the total profits of industrial enterprises above a designated size nationwide reached 5,373.2 billion yuan, a year-on-year increase of 3.2%.
5. Foreign media reported that the Chinese and US heads of state will meet in South Korea. The Ministry of Foreign Affairs responded: China and the US maintain close communication regarding the meeting; if there is further information, China will release it promptly.
6. Ministry of Commerce: China firmly opposes the UK's designation of 11 Chinese companies based on Russia-related issues.
7. The China Securities Regulatory Commission issued the "Work Plan for Optimizing the Qualified Foreign Investor System." 8. The China Securities Regulatory Commission (CSRC) has introduced policies and measures to protect small and medium-sized investors, further improving the protection mechanism for small and medium-sized investors in the capital market.
9. Wu Qing: The CSRC will initiate and implement deepening reforms of the ChiNext board (Growth Enterprise Market).
10. Pan Gongsheng: We will explore mechanisms to provide liquidity to non-bank institutions under specific circumstances.
11. Pan Gongsheng: We will study and implement policy measures to support individuals in repairing their credit, with plans to implement them early next year.
12. Pan Gongsheng: The central bank will resume open market trading of treasury bonds.
13. The National Development and Reform Commission: Domestic gasoline and diesel prices will be lowered at midnight on October 27th, by 265 yuan and 255 yuan per ton, respectively.
International News
1. US President Trump: I am not considering running for a third term in 2028.
2. Qualcomm releases new chips, entering the data center market to challenge Nvidia.
3. Argentina's Merval stock index surged 20% following Millet's election victory. 4. Tesla's board chairman said Tesla (TSLA.O) could risk losing CEO Elon Musk if a $1 trillion pay package is not approved.
5. Zelenskyy said he and his allies will work out a ceasefire plan within seven to ten days.
6. A Philippine central bank official stated that gold reserves are "excessive" and that some should be sold for profit.
