★ Macro Developments ★ The PBOC has outlined plans to advance RMB internationalization and enhance capital account openness in its Q3 2025 monetary policy report. Key measures include accelerating financial market reforms, expanding the bond market’s "tech board," and improving corporate bond regulations. Cross-border trade and investment pilot programs will further promote RMB usage globally.
The NDRC disclosed that 105 REITs projects have been recommended to regulators, with 83 already listed—raising ¥207 billion and catalyzing over ¥1 trillion in new investments across infrastructure sectors like clean energy and data centers.
MIIT announced plans to strengthen mid-scale testing platforms for manufacturing, aiming to cultivate national-level platforms through a tiered development approach.
South Korea approved stricter greenhouse gas reduction targets, now aiming for a 53%–61% cut by 2035 versus 2018 levels, up from the initial 50%–60% proposal.
★ Financial Institutions ★ China Construction Bank will implement revised gold accumulation rules on November 15, adjusting pricing mechanisms and redemption terms to reflect market conditions.
CSC Chief Economist Huang Wentao labeled 2026 as a "strategic counteroffensive year," forecasting policy support for RMB assets amid tech-driven growth.
★ Market Data ★ China’s ChiNext Index fell over 1% amid thin turnover, while consumer and solar stocks rallied. Margin debt rose ¥7.67 billion. Hong Kong’s Hang Seng edged up 0.18%, with XPeng surging 18% on robotics optimism.
★ Corporate Updates ★ Tbea Co.,Ltd. (600089.SH) reported robust transformer orders, including North American contracts. Silicon wafer prices dropped sharply due to oversupply, triggering futures volatility.
Wuhan debuted China’s first humanoid robot 7S store, offering sales and training services. South Korean e-commerce platform Wemep filed for bankruptcy with ¥2.2 billion liabilities against minimal assets.
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