Sou Hu Cai Jing·2025-11-18 22:18Group 1 - The People's Bank of China and 11 departments issued a plan to enhance financial support for consumption in Beijing, aiming to improve financial service levels by 2030 and support various sectors including goods, tourism, and hospitality [2] - Chen Guangming's Ruiyuan Fund has refiled a new product after over a year, with significant inflows into equity ETFs, totaling 138.1 billion yuan in net subscriptions since the fourth quarter [2] - Major investors like Peter Thiel's fund and Bridgewater have reduced their stakes in Nvidia due to rising systemic risks, yet the market remains optimistic about Nvidia's upcoming earnings report, expecting adjusted earnings of $1.23 per share and revenue of $54.83 billion [2] Group 2 - China's new energy vehicle sales surpassed 50% market share in October, but some car manufacturers are criticized for focusing more on marketing than research and development, prompting a crackdown on industry practices [3] - *ST Zhengping announced a stock suspension for investigation after its share price surged 221.93% from September 1 to November 18, significantly deviating from industry trends [3] - Alibaba's AI application, Qianwen APP, has entered public testing, leading to a surge in related stocks, with 21 companies expected to maintain high growth rates [3] Group 3 - Xiaomi reported a 22.3% year-on-year increase in total revenue for Q3 2025, reaching 113.1 billion yuan, and an 80.9% increase in adjusted net profit to 11.3 billion yuan, with its smart electric vehicle and AI business generating a record revenue of 29 billion yuan, up 199.2% [4] - Global markets experienced a significant downturn on November 18 due to concerns over Sino-Japanese relations, U.S. Federal Reserve's delayed interest rate cuts, and apprehensions regarding Nvidia's earnings and AI valuations [5] - The chemical sector saw a decline after a period of rapid growth, with the Wind Chemical Index dropping 3.45%, although investors remain optimistic about long-term opportunities in niche areas like lithium and phosphate chemicals [5]