Market Performance - On October 23, the A-share market showed a rebound with the three major indices closing in the green: the Shanghai Composite Index at 3922.41 points, up 0.22%; the Shenzhen Component Index at 13025.45 points, up 0.22%; and the ChiNext Index at 3062.16 points, up 0.09% [1] - The total trading volume in the Shanghai and Shenzhen markets was 166.07 billion yuan, a decrease of 29.5 billion yuan compared to the previous trading day [1] International Indices - On the same day, the Nikkei 225 index in Japan closed down 1.35% at 48641.61 points, while the TOPIX index fell 0.39% to 3253.78 points. The South Korean Composite Index also declined by 0.98% to 3845.56 points [1] Bond Market - On October 23, government bond futures closed lower across the board, with the 30-year main contract down 0.34%, the 10-year contract down 0.12%, the 5-year contract down 0.07%, and the 2-year contract down 0.02% [1] Convertible Bonds - The China Convertible Bond Index rose by 0.14% to 477.97 points, with notable gainers including Tongguang Convertible Bond up 4.25% and Tianyuan Convertible Bond up 3.14%. Conversely, Huicheng Convertible Bond fell by 10.94% [1] ETF Performance - On October 23, ETF performance was mixed, with the National 2000 ETF rising by 4.97% and the Coal ETF up by 2.46%. However, the Hong Kong Stock Connect Innovative Drug ETF fell by 2.64% [2] Commodity Futures - Most domestic commodity futures contracts closed higher, with the main crude oil contract showing significant gains. As of 15:00, coking coal rose over 5%, while crude oil, coking coal, and lithium carbonate increased by over 4% [2] Institutional Insights - Goldman Sachs maintains a positive outlook on Chinese equities, projecting a potential 30% upside for both the MSCI China Index and the CSI 300 Index by the end of 2027 [3] - Morgan Stanley expresses a non-pessimistic view on the market, highlighting strong export performance and China's manufacturing advantages as key support factors [3] - BlackRock's CIO emphasizes that Chinese assets remain relatively undervalued and are likely to attract global capital as U.S. interest rates enter a downward cycle [3] - UBS Wealth Management's CIO notes that gold prices are supported by macro uncertainties and geopolitical factors, maintaining a year-end target of $4200 per ounce for gold [3]