Venture(US:VEMLY) Sou Hu Cai Jing·2025-11-07 03:57Macroeconomic News - China's total import and export value reached 37.31 trillion yuan in the first ten months of the year, showing a year-on-year growth of 3.6% [1] - Trade with countries involved in the Belt and Road Initiative amounted to 19.28 trillion yuan, up 5.9%, accounting for 51.7% of China's total foreign trade [1] - Private enterprises' import and export value was 21.28 trillion yuan, reflecting a year-on-year increase of 7.2% [1] Industry News - The construction of a nationwide unified electricity market in China has achieved significant results, with 28 provinces entering continuous operation of the electricity spot market [4] - The game IP market in China is expected to exceed 275.39 billion yuan by 2025, with a year-on-year growth of 2% [4] - Google's new AI chip, Ironwood, is set to launch soon, boasting speeds over four times faster than its predecessor and designed to eliminate data bottlenecks [5] Sector Insights - Citic Securities reports that global electrolytic aluminum supply and demand will remain balanced over the next three years, but any supply issues could lead to price increases [6] - Dongguan Securities indicates that the lithium battery industry is experiencing rapid demand growth, with net profits expected to increase by 30% year-on-year in the first half of 2025 [6] - The banking sector is currently undervalued in the A-share market, suggesting an opportunity for increased allocation in bank stocks [6]