Zhitong Hong Kong stocks have known for a long time | The central bank will hold a symposium on stock repurchases to increase holdings and reloans, and US stocks have once again plummeted

[Today's headlines]

The central bank will hold a symposium on stock repurchases to increase holdings and refinance

According to industry sources, next Monday, the central bank will convene a meeting with major banks with the General Financial Supervisory Authority and the Securities Regulatory Commission to study and optimize stock repurchase and increase reloan policies. The industry speculates that this meeting is likely to be the financial management department preparing to further stabilize the market.

[General outlook]

The three major indices of US stocks plummeted, and chip stocks suffered a severe setback

Overnight, the Dow Jones Industrial Average fell 572.25 points to close at 51770.31 points, or 1.09%; the S&P 500 stock index fell 140.32 points to close at 7580.07 points, or 1.82%; and the Nasdaq Composite Index fell 747.72 points, to close at 25437.0 points, or 2.86%.

Chip stocks fell sharply. The Philadelphia Semiconductor Index fell 7.2% and recorded the biggest drop since June. Intel fell 28.58%, SanDisk fell more than 13%, Qualcomm fell more than 11%, the “Big Seven Tech” collectively fell, and Nvidia fell more than 4%.

The Nasdaq China Golden Dragon Index fell 0.27%, TSMC fell more than 5%, and the Hang Seng ADR index fell. On a proportional basis, it closed at 23219.79 points, down 74.63 points or 0.32% from the Hong Kong closing.

WTI crude oil futures on the New York Mercantile Exchange rose 0.95 US dollars in the same month to 102.95 US dollars per barrel, an increase of 0.93%. COMEX gold futures fell by $146.50, or 3.63%, to $3884.9 per ounce during the month.

The US has already entered winter time. The opening hours for CME crude oil, gold, and US stock index futures were adjusted to 07:00 Beijing time, while the opening time for US stocks was adjusted to 22:30 Beijing time.

[Hot Topics Preview]

National Bureau of Statistics: The official manufacturing PMI for October was 49.3%

In October, the manufacturing purchasing managers' index (PMI) was 49.3%, down 0.8 percentage points from the previous month, and the manufacturing sentiment level declined somewhat.

A major state-owned bank plans to add 100 billion additional special loan lines to China Guoxin and China Chengtong to repurchase and increase holdings

The media learned from relevant sources that a large state-owned bank recently plans to add additional loan lines for share repurchases and increase holdings to two central enterprises, China Guoxin and China Chengtong. The additional amount alone may reach 100 billion yuan. According to reports, the size of the new reloan amount this time may exceed the initial amount issued by the bank to the above entities when the policy instrument was established in 2024.

Alibaba and Apple reached a partnership to integrate Qianwen into Apple Intelligence

According to Alibaba, on October 31, Alibaba and Apple reached a cooperation to integrate Thousand Questions into Apple Intelligence. Chinese users can directly invoke Senju's ability to understand text and images and generate content in Siri, writing tools, and visual intelligence. These features will be open tested with the latest iOS developer beta on November 4, and will be rolled out to Chinese users when iOS 27.3 is officially released in December. Currently, Qianqu's integrated functionality will be available on iOS for users who have purchased an iPhone that supports Apple Intelligence in China, or for users whose device location and Apple account are all set in China.

Liangqing Holdings (03774) changed ownership with a discount of about 98.06% and offered a full purchase offer to resume trading on November 2

HK$0.75 per sale share. The Joint Offer Agent will jointly make an offer to acquire all the offered shares in accordance with the Takeovers Code. The offer price will be HK$0.75 per share, a discount of approximately 98.06% per share from the closing price of HK$38.70 per share reported on the Stock Exchange on October 23, 2026. As of the date of this Joint Announcement, (i) the Offeror is directly wholly owned by Mr. Wen Haiyuan; and (ii) the sole director of the Offeror is Ms Chen Yujie. The offeror intends to maintain the company's listed position on the Main Board after the end of the offer.

CNOOC Petrochemical (03983) approved 1.2 million tons/year natural gas to methanol project

The project is located in Dongfang City, Hainan Province, China, and will be implemented by Fudao, a wholly-owned subsidiary of the company. After the project is completed and put into operation, the annual utilization scale of natural gas will exceed 5 billion cubic meters, and the company's total methanol production capacity will reach 2.6 million tons per year. Construction of the project is scheduled to begin in December 2027, and it is expected to be officially put into operation in December 2029.

International Commercial Settlement (00147) plans to acquire all shares of Quantum Compute Solutions Limited for HK$563 million

Upon completion, the target company will become a wholly-owned subsidiary of the company, and the target group's financial results will be incorporated into the group's financial statements. On the date of this announcement, the target company directly owns all of Neuro Link's shares, while Neuro Link directly owns all of Tianjing Fulian (Tianjin)'s shares. Shanghai Tianjing Fulian Group is mainly engaged in the design and development of AI SoC products and integrated solutions, with a particular focus on low-power, cost-effective AI computing power and edge computing power applications. With its chip design capabilities and comprehensive technical solutions, Shanghai Tianjing Fulian Group has established a solid technical foundation in AI inference and edge computing power infrastructure.

Tianneng Power (00819) subsidiary plans to acquire 50.10% of Anhui Xinna's shares for 150.3 million yuan

Anhui XinNa focuses on the research and development of cathode materials for new energy batteries, and has accumulated technical expertise and R&D experience in cathode materials for sodium-ion batteries and lithium iron phosphate cathode materials.

Changfei Optical Fiber Cable (06869)'s net profit of 6.128 billion yuan in the first three quarters increased 1204.63% year-on-year

The Group obtained operating income of 19.124 billion yuan, an increase of 86.12% over the previous year; net profit attributable to shareholders of listed companies of 6.128 billion yuan, an increase of 1204.63% over the previous year; and basic earnings per share of 7.45 yuan.

Cambridge Technology (06166) net profit of 761 million yuan in the first three quarters increased 193.35% year-on-year

Basic earnings per share were $2.13. According to the announcement, the increase in revenue is mainly due to the increase in demand for high-speed optical modules driven by global artificial intelligence (AI) infrastructure construction, as well as the positive progress made by the company in customer expansion, capacity construction, and supply chain support. In particular, an important breakthrough was achieved in expanding new customers in the North American market.

Dongshan Precision (02384) announced results for the first three quarters. Net profit of 5.289 billion yuan to mother increased by 332.34% year-on-year

The Group obtained operating income of 45.379 billion yuan, an increase of 67.63% year on year; net profit attributable to shareholders of listed companies was 5.289 billion yuan, an increase of 332.34% year on year; basic income per share was 2.89 yuan.

China Insurance (01880) announced the results for the first three quarters. Net profit to mother of 3.67 billion yuan increased 20.25% year-on-year

China Zhongfu pointed out that by the end of the reporting period, the company's share of the Hainan outlying islands duty-free market had increased by more than 2 percentage points year on year; after successfully completing the acquisition of DFS's retail business in Greater China, the company's international business continued to expand, and the company's international business increased 71% year over year in the first three quarters; during the reporting period, the company joined hands with Shanghai Airport to launch the largest duty-free goods Guochao zone at Pudong Airport, creating a more vivid display window for Chinese and foreign travelers.

Anhui Wantong Expressway (00995) released results for the first three quarters. Net profit to mother of 1,747 billion yuan increased 18.29% year-on-year

The Group obtained operating income of 5,061 billion yuan, a year-on-year decrease of 6.03%; net profit attributable to shareholders of listed companies of 1,747 billion yuan, an increase of 18.29% over the previous year; and basic earnings per share of 1.0227 yuan.

Huaxin Construction (06655) net profit of 2,826 billion yuan in the first three quarters increased by 41.05% year-on-year

The Group obtained operating income of RMB 29.69 billion, an increase of 18.6% over the previous year; net profit attributable to shareholders of listed companies of RMB 2,826 billion, an increase of 41.05% over the previous year; and basic earnings per share of RMB 1.38.

Longpan Technology (02465)'s net profit for the first three quarters was 506 million yuan

Longpan Technology (02465) announced that for the first three quarters of 2026, revenue was 12.275 billion yuan, up 110.72% year on year; net profit attributable to shareholders of listed companies was 506 million yuan, loss of 110 million yuan for the same period last year; basic earnings per share were 0.70 million yuan.

CRRC (01766) net profit of 10.314 billion yuan in the first three quarters increased 3.70% year-on-year

According to the announcement, revenue increased by 5.88% over the same period last year, mainly due to increased revenue from railway equipment business, urban rail and urban infrastructure business, and new industrial business. The railway equipment business, urban rail and urban infrastructure business, new industry business, and modern service business respectively accounted for 48.36%, 14.81%, 35.56%, and 1.27% of revenue.

CITIC Construction Investment Securities (06066)'s net profit of 10.257 billion yuan in the first three quarters increased 44.7% year-on-year

CITIC Construction Investment Securities (06066) announced results for the first three quarters of 2026. The group achieved operating revenue of RMB 23.274 billion, an increase of 34.62% year on year; net profit attributable to shareholders of the parent company was RMB 10.257 billion, an increase of 44.7% year on year; and basic earnings per share.

CICC (03908)'s net profit for the first three quarters was about 13.245 billion yuan, up 101.71% year-on-year

Achieved operating income of about 30.715 billion yuan, an increase of 47.95% year on year; net profit attributable to shareholders of the parent company was about 13.245 billion yuan, an increase of 101.71% year on year; basic income per share was 2.624 yuan.

[Individual stock prices are clear]

Yankuang Energy (01171): Net profit from mother for the first three quarters was 11.117 billion yuan, an increase of 55.9% over the previous year

In the first to third quarter of 2026, the Group achieved operating income of 117.504 billion yuan, a year-on-year increase of 11.959 billion yuan, an increase of 11.3%; net profit attributable to shareholders of listed companies was 11.117 billion yuan, an increase of 3,989 billion yuan over the previous year, an increase of 55.9%.

Net cash flow from operating activities reached 25.486 billion yuan, an increase of 29.76% over the previous year. The company maintains a high-percentage dividend policy. The total annual cash dividend accounts for about 50% of the company's net profit after deducting statutory reserves. With continuous and transparent system arrangements, dividend expectations are stabilized, and investors' sense of attainment continues to increase.