**Tracking Market Movers** How have over 3,000 professional investors adjusted their portfolios? Top performers report single-stock gains exceeding 400%.
**Top Headlines** Foreign Ministry: If Japan Dares to Intervene Militarily in Taiwan Strait, It Will Constitute Aggression, and China Will Strike Back Decisively Foreign Ministry Spokesperson Lin Jian addressed Japan Prime Minister Takaichi Sanae’s recent remarks suggesting that a Chinese mainland military action against Taiwan could trigger Japan’s "existential crisis" scenario. Lin emphasized that such statements violate the One-China principle, contravene bilateral agreements, and infringe on China’s sovereignty. China demands Japan retract these remarks immediately.
**PBOC Releases Latest Data! October Social Financing Stock Up 8.5% YoY** On November 13, the People’s Bank of China (PBOC) disclosed financial statistics for October 2025. Preliminary data shows the social financing stock reached 437.72 trillion yuan, up 8.5% year-on-year (YoY). Broad money supply (M2) grew 8.2% YoY to 335.13 trillion yuan, while narrow money supply (M1) rose 6.2% YoY to 112 trillion yuan. Analysts attribute the growth to accelerated government bond issuance and robust corporate bond activity. The narrowing M1-M2 gap signals improved corporate liquidity and economic activity.
**CSRC Chairman Wu Qing Visits Financial Regulators in France and Brazil** China Securities Regulatory Commission (CSRC) Chairman Wu Qing met with officials from France’s AMF and Brazil’s CVM from November 10–13 to discuss market supervision and deepen bilateral cooperation in capital markets.
**Multilateral Exchange Rates Rise: Key RMB Indices Hit 7-Month Highs** The CFETS RMB Index climbed to 97.96, the BIS basket index to 104.19, and the SDR basket index to 92.34—all marking highs since April 2025, reflecting the yuan’s strength against a basket of currencies.
**Shanghai Composite Tops 4,030; AUM Nears 120 Trillion Yuan, a Record High** On November 13, the Shanghai Composite Index surged past 4,030, a decade-high, while the Shenzhen Component and ChiNext indices rose 1% and 2%, respectively. Lithium battery stocks led gains, with over 3,900 stocks advancing. Total A-share market capitalization hit 119.90 trillion yuan, with net inflows of 12 billion yuan ending a 13-day outflow streak.
**China Completes Phase 1 of 6G Trials, Amassing 300+ Key Technologies** China has concluded the first phase of 6G technology trials, focusing on core R&D directions. Subsequent phases will prototype development and pre-commercial testing.
**Featured Companies** - **Alibaba**: Secretly launched "Qianwen," a ChatGPT rival, boosting its Hong Kong shares by 3.32%. - **SMIC**: Q3 net profit jumped 43% YoY to 1.52 billion yuan, with northbound funds increasing holdings. - **Tencent**: Q3 revenue rose 15% YoY to 192.87 billion yuan, with net profit up 19% to 63.13 billion yuan, driven by AI integration. - **Moore Threads**: Dubbed "China’s Nvidia," set its IPO subscription date for November 24 on Shanghai’s STAR Market. - **Tencent-Apple Deal**: Reports suggest Apple will process WeChat Mini Game payments for a 15% cut; Tencent called discussions "constructive." - **Joyoung**: Shares surged after its "Hakimi" soybean milk sold out online, fueled by a viral meme. - **Cambodia’s Prince Group**: Denied U.S. allegations of illegal activities, disputing claims about 127,000 stolen bitcoins.
**Sector Highlights** - Solid-state battery R&D accelerates amid diverse technical approaches. - Smart tech from the National Games poised for commercial rollout. - Silicon wafer firms unite against price undercutting.
**Market Strategy** Analysts note a shift toward offshore and cyclical stocks, mirroring 2020–2021 trends. Policy and industrial upgrades are expected to drive sustained growth.
**IPO Watch** Hai’an Group opens subscriptions today at 48 yuan/share (code: 001233).
**Key Announcements** - Hefu China warns of possible trading halt amid abnormal price surges. - *ST Dongyi suspends trading from November 14 for volatility checks. - M&A: Leader Biomed acquires Xiansheng Xiangrui for 1.73 billion yuan; Kangda New Materials aborts acquisition of Beiyi Semiconductor. - Shareholder moves: Jianglong Shipbuilding’s controlling shareholder plans to sell up to 2% stake.
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