Xin Lang Cai Jing·2025-10-28 02:08Market Overview - The three major indices opened lower, with the storage chip sector experiencing significant declines. As of the opening, the Shanghai Composite Index was at 3986.89 points, down 0.25%; the Shenzhen Component Index was at 13411.67 points, down 0.58%; and the ChiNext Index was at 3205.44 points, down 0.90% [1] Policy Developments - The Chinese Foreign Minister Wang Yi and U.S. Secretary of State Rubio discussed the importance of U.S.-China relations and the need for high-level interactions to send positive signals to the world [2] - The Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, announced plans to deepen reforms in the ChiNext board, aiming to establish listing standards that better align with the characteristics of innovative enterprises in emerging sectors [2] - The People's Bank of China (PBOC) Governor Pan Gongsheng indicated that the bond market is operating well and that the central bank will resume open market operations for government bonds [2] - The CSRC released opinions to enhance the protection of small investors in the capital market, including mechanisms to encourage long-term holding of new shares [3] - The CSRC also published a plan to optimize the Qualified Foreign Institutional Investor (QFII) system, aiming to attract more long-term foreign capital [3] Industry Updates - Domestic gasoline and diesel prices were reduced on October 27, with a decrease of 265 yuan per ton for gasoline and 255 yuan per ton for diesel, translating to a reduction of 0.21 yuan per liter for 92-octane gasoline [3] - Lingyi iTech announced that it has received over a hundred orders for complete machine assembly from major clients [4] - Zhenyu Technology plans to invest 2.11 billion yuan in a humanoid robot precision module and components project [5] - China Nuclear Engineering announced that its subsidiary signed a construction contract for the Haiyang Nuclear Power Units 5 and 6 [5] - Chang'an Automobile stated that it is developing a new energy unmanned intelligent vehicle in collaboration with JD.com [5] Financial Performance - EVE Energy announced a preliminary transfer price of 72.2 yuan per share, representing a 6.1% discount from the closing price [6] - Tongfu Microelectronics reported a 95.08% year-on-year increase in net profit for the third quarter [6] - Several companies, including Gaode Infrared and North Rare Earth, reported significant year-on-year profit growth, with increases of 1059% and 280% respectively [6][7] - Beijing Junzheng reported a 19.75% year-on-year decline in net profit for the third quarter [7] International Market Insights - The U.S. stock market saw all three major indices rise, with the Nasdaq up 1.86%, the S&P 500 up 1.23%, and the Dow Jones up 0.71% [8] - Qualcomm launched AI chips to compete with Nvidia in the data center market, with the AI200 and AI250 expected to be commercially available in 2026 and 2027 [8][10] - The S&P 500 companies reported that nearly 70% exceeded quarterly sales expectations, potentially marking the highest number of such companies in four years [10]