**China Securities Journal** 1. **Strengthening Delisting Mechanisms and Market Construction** The delisting sector is a critical component of China's capital market ecosystem, ensuring a healthy "entry and exit" mechanism. Over two decades of development since the establishment of the Share Transfer System in 2001, China has progressively built a regulatory framework aligned with registration-based IPOs and normalized delistings.
2. **Xiaomi Reports Q3 Earnings with Auto Business Turning Profitable** Xiaomi Group announced its Q3 2025 financial results on November 18, revealing total revenue of RMB 113.121 billion (up 22.3% YoY, down 2.4% QoQ) and net profit of RMB 12.257 billion (up 129.5% YoY, up 3.2% QoQ). Adjusted net profit reached RMB 11.311 billion (up 80.9% YoY), marking the first quarterly profit for its automotive division.
3. **Mengtian Home Furnishing Halts Major Asset Restructuring and Resumes Trading** Mengtian Home Furnishing disclosed on November 18 the termination of its plan to acquire control of Shanghai Chuantu Microelectronics via a stock-and-cash deal, alongside canceling a related change in controlling interest. Trading resumes on November 19.
4. **Innovative Cooling Tech for Hualong One Nuclear Project** The China General Nuclear Power Group (CGN) has commenced construction of its Shandong Zhaoyuan nuclear project, featuring a cooling tower-equipped Hualong One reactor. Upon completion, the project is expected to generate 50 billion kWh annually, powering 5 million residents while reducing coal consumption by 15.27 million tons and CO₂ emissions by 46.2 million tons yearly.
**Shanghai Securities News** 1. **Foreign Institutions Boost Chinese Asset Holdings in Q3** U.S. 13F filings show increased allocations to Chinese assets by Wall Street giants like Bank of America and UBS, particularly in the KWEB ETF. Tech sector valuations and AI prospects are cited as key drivers.
2. **Solid-State Battery Advancements to Triple China’s Lithium Battery Output** At the 2025 High-Tech Lithium Battery Conference, experts projected a threefold growth in China’s lithium battery shipments from 2025 to 2035, with solid-state battery capacity scaling to GWh levels by 2027–2030.
3. **AIAI Outperforms Amid Market Correction** On November 18, the Shanghai Composite fell 0.81% to 3,939.81, while the AI application sector bucked the trend. Turnover reached RMB 1.926 trillion, up RMB 15.3 billion from the previous session.
4. **Jiemei Technology Partners with ATL on Composite Current Collectors** Subsidiary Zhejiang Rouzhen Technology signed a development agreement with ATL (Amperex Technology Limited) to collaborate on advanced battery materials.
**Securities Times** 1. **Beijing Unveils Policies to Boost Consumption and Support IPOs** A multi-department plan aims to establish a diversified consumer finance system by 2030, integrating financial services with retail, tourism, and elderly care sectors to stimulate demand.
2. **Baidu’s AI Revenue Surges 50%; Pinduoduo’s Industry Support Continues** Q3 reports highlight robust growth for tech giants, with Baidu’s AI revenue jumping over 50% and Pinduoduo sustaining its "RMB 100 Billion Support" initiative for suppliers.
3. **Quantum Tech Conference to Spotlight Nine Stocks** The 2025 Quantum Technology and Industry Summit in Hefei (November 20–22) will feature 600+ exhibitors, with institutional investors closely tracking related stocks.
4. **Xiaomi Auto Achieves Quarterly Profit, Nears Annual Delivery Target** Xiaomi’s automotive segment posted a RMB 700 million profit in Q3, with full-year delivery goals expected to be met this week.
**Securities Daily** 1. **China-Germany Capital Market Connectivity Expands** A joint statement from the 4th China-Germany High-Level Financial Dialogue endorsed cross-listing of GDRs and CDRs between the Shanghai/Shenzhen and Frankfurt stock exchanges to enhance liquidity.
2. **Electrolyte Additives Enter New Growth Phase** Prices for additives like VC (Visteon) and FEC are rising amid strong demand from energy storage and EV batteries, with leading producers operating at full capacity.
3. **Emerging Tech Scenarios Drive Industrial Transformation** Innovations such as autonomous vehicles, brain-computer interfaces, and drone light shows are reshaping industries in Beijing’s Yizhuang district.
4. **Gold and Silver Prices Volatile Amid Macro Shifts** After peaking at $4,245.22/oz on November 13, spot gold dipped below $4,000/oz on November 18, reflecting heightened short-term market adjustments.
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