Core Points - The three major indices experienced a strong upward trend on October 29, with the ChiNext Index rising nearly 3% to reach a new high for the year, and the Shanghai Composite Index closing above the 4000-point mark [2] - The North Exchange 50 Index saw an increase of over 8% [2] - In the sector performance, photovoltaic equipment stocks surged in the afternoon, with companies like Arctech, Tongrun Equipment, Longi Green Energy, and Tongwei Co. all hitting the daily limit [2] Industry Developments - On October 29, the National Energy Administration announced the third energy regulatory work meeting for 2025, emphasizing the advancement of a unified national electricity market [2] - The meeting highlighted the need to improve the regulatory framework for the electricity market, promote regular transactions across different grid operating areas, and enhance market supervision while addressing local interference [2] - The goal is to ensure that provincial spot markets operate continuously and cover the entire region [2]
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