Apple(US:AAPL) 券商中国·2025-11-28 12:49Macro Dynamics - In October, China's foreign exchange market had a total transaction volume of 21.97 trillion RMB (approximately 3.10 trillion USD), with bank-client transactions accounting for 3.57 trillion RMB (approximately 0.50 trillion USD) and interbank transactions for 18.40 trillion RMB (approximately 2.59 trillion USD) [2] - From January to October 2025, the cumulative transaction volume in China's foreign exchange market reached 252.07 trillion RMB (approximately 35.21 trillion USD) [2] Industry Meetings - The Ministry of Industry and Information Technology held a meeting on the manufacturing of power and energy storage batteries, emphasizing the need for innovation, increased R&D investment, and maintaining a healthy competitive environment [3] - The ministry plans to develop the "14th Five-Year" industrial development plan to support technological innovation and enhance industry governance [3] State-Owned Enterprises - From January to October, state-owned enterprises reported total operating revenue of 683,529.3 billion RMB, a year-on-year increase of 0.9%, while total profits decreased by 3.0% to 34,214.4 billion RMB [4] - As of the end of October, the asset-liability ratio of state-owned enterprises was 65.2%, up 0.4 percentage points year-on-year [4] Financial Regulations - The State Administration for Market Regulation issued a revised guideline prohibiting certain fees charged by commercial banks, aiming to lower financing costs for enterprises and create a better business environment [5] Aviation Industry - Starting December 5, 2025, the fuel surcharge for domestic flights will be adjusted to 20 RMB for adult passengers on routes of 800 kilometers or less [6] Legislative Changes - A new regulation on non-motorized vehicle management in Beijing will take effect on May 1, 2026, introducing stricter safety measures [7] Company Developments - The chairman of Dongfang Jiayu Life Insurance, He Xin, received approval for his position, which will take effect within two months [8] - Apple may face fines up to 38 billion USD due to alleged anti-competitive practices in India, which could significantly impact its revenue outlook [11] - Nexperia Semiconductor reported ongoing supply chain issues and called for constructive dialogue with its Chinese leadership [12] - Great Wall Motors denied rumors of plans to build a factory in Europe, stating there are currently no such evaluations [13] - Meituan reported Q3 2025 revenue of 95.5 billion RMB, a 2% year-on-year increase, but faced a loss of 14.1 billion RMB due to intensified competition [14]