Huan Qiu Wang·2025-11-05 01:08Group 1 - The core point of the articles indicates a significant decline in new A-share accounts in October, with a year-on-year decrease of 66% and a month-on-month decrease of 21% [1] - In the first ten months of 2025, a total of 22.46 million new A-share accounts have been opened, reflecting an 11% year-on-year growth [1] - UBS analysts suggest that due to expected lackluster earnings reports in the coming months, investors are selling off stocks that have seen substantial gains this year, which may narrow valuation gaps among companies and lead stock prices to revert to historical averages [1] Group 2 - Goldman Sachs has expressed that global capital allocators will continue to show interest in China, while Morgan Stanley remains optimistic about the stock markets in China, Japan, and India [4] - The CEOs of Goldman Sachs and Morgan Stanley specifically highlighted the attractiveness of the Hong Kong stock market, mentioning the impressive performance of tech stocks like DeepSeek [4]