Market Overview - The A-share market experienced a rebound on November 3, with all three major indices turning positive in the afternoon. The Shanghai Composite Index rose by 0.55%, the Shenzhen Component increased by 0.19%, and the ChiNext Index gained 0.29%. The total trading volume in the Shanghai and Shenzhen markets was 21,329 billion yuan, a decrease of 2,169 billion yuan compared to the previous trading day. Over 3,500 stocks in the market saw gains [1]. Resource Stocks Performance - Resource stocks, including oil and coal, saw significant gains, with the "three major oil companies" (China National Petroleum, Sinopec, and CNOOC) all rising. China National Petroleum and China Petroleum both increased by over 4%, while Sinopec rose nearly 2%. China National Petroleum's A-shares and H-shares both reached new highs for the year, with a total market capitalization exceeding 1.7 trillion yuan. This surge was influenced by OPEC's announcement to maintain production levels, leading to a slight increase in international oil prices [2]. AI Application Sector - The AI application sector continued to show strong performance, particularly in the gaming and media industries. Stocks such as Shenzhou Information, 37 Interactive Entertainment, and Huayi Brothers reached their daily limit. The AI technology is being integrated into existing film and television production processes, with a notable increase in the production of animated dramas, which saw over 3,000 new releases in the first half of the year, reflecting a compound growth rate of 83% and a revenue increase of 12 times. The market size for this sector is expected to exceed 20 billion yuan this year [4]. Hainan Free Trade Zone - The Hainan Free Trade Zone concept saw a strong performance, with stocks like Hainan Development and Ronniu Mountain hitting their daily limit. The upcoming full island closure of the Hainan Free Trade Port on December 18 is expected to enhance external cooperation and open up broader development opportunities for the industry [4]. Future Market Outlook - Analysts predict that the A-share market may continue its slow upward trend due to multiple favorable factors, including clear policy guidance and the onset of a Federal Reserve rate cut cycle. The current market environment is seen as beneficial for A-shares, with a potential shift in investment focus towards sectors that have underperformed in the past ten months, such as coal, oil and gas, and public utilities [5].

| 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.11.03 | 425.00 | 4.230 | 4.150 | 1783.64 | | 2025.10.31 | 365.20 | 4.170 | 4.110 | 1512.48 | | 2025.10.30 | 477.60 | 4.220 | 4.100 | 1972.30 | | 2025.09.26 | 453.00 | 4.070 | 4.050 | 1840.45 | | 2025.09.25 | 810.00 | 4.090 | 4.050 | 3297.11 | | 2025.09.24 | 580.00 | 4.090 | 4.070 | 2366.98 | | 2025.09.23 | 550.60 | 4.090 | 4.070 | 2244.25 | | 2025.09.22 | 541.00 | 4.120 | 4.070 | 2211.61 | | 2025.08.22 | 6762.40 | 4 ...

Group 1 - The core point of the article is that China Petroleum & Chemical Corporation plans to reduce its stake in Ruifeng New Materials by up to approximately 2.96 million shares, which represents a maximum of 1% of the company's total share capital [1] - China Petroleum & Chemical Corporation currently holds about 36.04 million shares in Ruifeng New Materials, accounting for 12.18% of the total share capital and 12.41% when excluding shares in the repurchase account [1] - The planned reduction will be executed through centralized bidding transactions [1]

Market Overview - The three major A-share indices collectively rose slightly today, with the Shanghai Composite Index up 0.55% closing at 3976.52 points, the Shenzhen Component Index up 0.19% at 13404.06 points, and the ChiNext Index up 0.29% at 3196.87 points [3] - The total trading volume in the Shanghai and Shenzhen markets reached 2.1071 trillion yuan, a decrease of 210.7 billion yuan compared to the previous trading day [3] Private Fund Insights - Notable private fund managers, including Yang Dong and Chen Guangming, have announced fund closures, which should be taken seriously by investors. Chen Guangming, a former president of Dongfang Securities, has stated that his firm, Ruiyuan Fund, will no longer accept new subscriptions [4] - The key difference between private and public funds lies in their scale management, with private funds often making timely decisions to reduce size when indices reach certain highs [4] Market Dynamics - The Shanghai Composite Index showed resilience with minimal declines at the opening, primarily driven by major players like the "three oil giants" (PetroChina, CNOOC, Sinopec) and the banking sector, particularly Industrial and Commercial Bank of China [5] - The Shenzhen market experienced a maximum drop of 1.65% during the day but rebounded in the afternoon, largely due to the performance of four stocks, leading to a final increase of approximately 0.20% in the Shenzhen Component Index [6] Trading Sentiment - The market is currently in a phase of uncertainty regarding whether the recent small gains represent a continuation of a downtrend or a potential bottoming out, with further validation needed in upcoming sessions [6] - Approximately 3,479 stocks rose while about 1,500 fell today, with a median increase of around 0.6%. However, there was a net outflow of approximately 27 billion yuan from major funds, with northbound trading also seeing an outflow of about 25 billion yuan [6] Sector Performance - Strong performing sectors included AI applications (gaming, cultural media), military shipbuilding, photovoltaic, and coal, while underperforming sectors were primarily semiconductors, securities, insurance, and lithium batteries [6] - The current market sentiment and trading intensity are significantly lower compared to previous trends, indicating a lack of clear direction as mainstream funds have retreated [7]

Core Viewpoint - Sinopec Group, China's largest oil refiner, is in discussions to acquire China National Aviation Fuel Group, the leading jet fuel distributor in the country, as part of a government-initiated strategy [1] Group 1: Company Overview - Sinopec Group is recognized as the largest oil refiner in China [1] - China National Aviation Fuel Group is identified as the country's primary distributor of jet fuel [1] Group 2: Strategic Implications - The acquisition talks are reportedly initiated by the government, indicating a strategic move to consolidate the aviation fuel supply chain in China [1]

China’s largest oil refiner Sinopec is said to be in discussions to take over the nation’s only authorized supplier of jet fuel https://t.co/3HSGgkMrRI ...

智通财经APP讯，中国石油化工股份(00386)发布公告，于2025年11月3日该公司斥资1783.64万港元回购 425万股，回购价格为每股4.15-4.23港元。 ...

FF305 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks andlor on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: China Petroleum & Chemical Corporation Date Submitted: 03 November 2025 Section I must be completed by a listed issuer where has been a charge in its issued shares or teasury shares which is disoloseable pursuant to rule 13.25A of the Rules Gov .isting of Securities on The Stock Exchange of Ho ...

智通财经APP讯，中国石油化工股份(00386)发布公告，于2025年11月3日该公司斥资1783.64万港元回购 425万股，回购价格为每股4.15-4.23港元。 ...

格隆汇11月3日丨中国石油化工股份(00386.HK)发布公告，2025年11月3日耗资1783.64万港元回购425万 股，回购价格每股4.15-4.23港元。 ...