2、财政部发布数据，1-9月，全国国有及国有控股企业营业总收入同比增长1.2%，利润总额同比下降2.3%。1-9月，国有企业营业总收入610580.1亿元，同比增长1.2%。1-9月，国有企业利润总额32487.0亿元，同比下降2.3%。1. Hong Kong Exchanges and Clearing Limited will launch a series of virtual asset indexes 2. Fidelity Investments increases its shareholding in China Life Insurance listed in Hong Kong 3. The total profits of state-owned enterprises decreased by about 2% in the first nine months 4. China Southern Airlines' net income increased by nearly 50% during the year
Focus on hotspots:
1. The State Council's General Office recently issued a set of measures to accelerate the improvement of the fertility support policy system and promote the construction of a fertility-friendly society, emphasizing strengthening fertility services support, establishing a fertility subsidy system, guiding local policy alignment, and actively implementing it. The measures also promote the construction of a new marriage and fertility culture, advocating positive views on marriage, fertility, and family.
2. The Ministry of Finance released data showing that from January to September, the total operating revenue of national state-owned and state-controlled enterprises increased by 1.2% year-on-year, while the total profits decreased by 2.3% year-on-year. In the same period, the total operating revenue of state-owned enterprises was 6,1058.01 billion yuan, up 1.2% year-on-year. The total profits of state-owned enterprises were 3,248.7 billion yuan, down 2.3% year-on-year during January-September.
3. The Ministry of Commerce spokesperson responded to the European Union's statement regarding separate price commitment negotiations with relevant companies, expressing concerns that conducting individual price commitment negotiations with some companies alongside negotiations with China could shake mutual trust, disrupt the overall negotiation process, and increase administrative costs for follow-up execution and supervision of price commitment agreements.
4. Hong Kong Exchanges and Clearing Limited announced the launch of a virtual asset index series on November 15 to support Hong Kong's development as a leading digital asset center in Asia. This series of indexes will provide a transparent and reliable benchmark for pricing Bitcoin and Ether in the Asian time zone, aiming to offer a unified reference price for virtual assets. Ye Zhiheng, Executive Director of the Intermediary and Markets Department of the Hong Kong Securities and Futures Commission, also stated that a formal consultative group will be established for all licensed virtual asset trading platforms, expecting to issue the first batch of formal licenses to virtual asset trading platform applicants considered as licensed by the end of this year.
5. Hong Kong SAR Government Secretary for Constitutional and Mainland Affairs Erick Tsang Kwok-Wai stated that the Hong Kong SAR Government will actively communicate with relevant ministries and commissions of the central government, the Guangdong Provincial Government, and the Macao SAR Government, striving to secure more policy measures beneficial to Hong Kong and conducive to national and Bay Area development. The goal is to create a better business and development environment for the Greater Bay Area and expedite the construction of major cooperation platforms in Qianhai, Nansha, Hengqin, and Hetao.
Global Markets
On Monday, the three major US stock indexes collectively rose. As of the close, the Dow Jones Industrial Average rose by 0.65%, the S&P 500 Index rose by 0.27%, and the Nasdaq Composite Index rose by 0.26%.
Large-cap technology stocks moved up and down unevenly, with Apple up 0.86%; Nvidia down 0.72%, Meta up 0.86%, and Tesla down 2.48%.
Most popular China concept stocks rose, with the Nasdaq China Golden Dragon Index up by 4.05%. Miniso rose by 10.51%, Nio Inc rose by 10.46%, Xpeng rose by 8.98%, and New Oriental rose by 5.65%.
In the Hong Kong stock market, the three major indexes collectively rebounded on Monday. As of the close, the Hang Seng Index rose by 0.04%, the Technology Index rose by 0.79%, and the Hang Seng China Enterprises Index rose by 0.08%.
From the market performance perspective, steel, real estate, and coal stocks have seen significant increases, while petroleum stocks have experienced adjustments.
Company News:
China Life Insurance (02628.HK): According to the HKEX disclosure, FMR LLC increased its shareholding in China life insurance H shares by approximately 0.12 billion Hong Kong dollars on October 23, with an average price of 17.0752 Hong Kong dollars. Note: FMR LLC is an investment entity of the well-known asset management company Fidelity Investments.
CNOOC (00883.HK): Third-quarter revenue was 326.024 billion yuan, an increase of 6.3% year-on-year, with net income of 116.659 billion yuan, an increase of 19.5% year-on-year.
China Petroleum Chemical Corporation (00386.HK): Revenue in the third quarter was 790.41 billion yuan, a decrease of 9.8% year-on-year, with a net profit of 8.544 billion yuan, down 52.1% year-on-year.
Wuxi Apptec (02359.HK): Operating income in the third quarter was approximately 10.461 billion yuan, a decrease of 1.96% year-on-year; net income was approximately 2.293 billion yuan, down 17.02% year-on-year.
China South Air (01055.HK): Achieved operating revenue of 134.661 billion yuan in the first three quarters, an increase of 12.70% year-on-year; net income was 1.965 billion yuan, up 48.86% year-on-year.
