Group 1 - Xi Jinping continues to attend the 32nd APEC Informal Leaders' Meeting, delivering a significant speech titled "Together Create a Sustainable and Beautiful Tomorrow" [8] - Xi announces that China will host the 33rd APEC Informal Leaders' Meeting in Shenzhen in November next year [9] - International figures highly praise Xi's important speeches during the APEC meeting, emphasizing China's commitment to providing new opportunities for the Asia-Pacific and the world through its modernization achievements [20] Group 2 - Xi Jinping attends a welcome ceremony hosted by South Korean President Lee Jae-myung, followed by a meeting between the two leaders [10][11] - The 21st issue of the magazine "Qiushi" publishes an important article by Xi regarding the 15th Five-Year Plan for national economic and social development [12][13] - The 14th meeting of the Standing Committee of the 14th National Committee of the Chinese People's Political Consultative Conference is held, with Wang Huning in attendance [14][15] Group 3 - Ding Xuexiang co-chairs the 12th meeting of the China-Russia Investment Cooperation Committee with the Russian First Deputy Prime Minister [16] - Vice President Han Zheng visits Saudi Arabia, meeting with the Saudi Crown Prince and attending the 9th Future Investment Initiative Conference [17] - The Central Propaganda Team conducts lectures on the spirit of the 20th Central Committee's Fourth Plenary Session across various regions [18] Group 4 - The Shenzhou-21 manned spacecraft successfully launches, marking the 7th "space rendezvous" in China's space history [19] - The China Council for the Promotion of International Trade officially takes over the hosting rights for the 2026 APEC Business Leaders' Summit [21]

Core Viewpoint - The Asia-Pacific Economic Cooperation (APEC) has played a significant role in promoting regional economic integration and cooperation over the past 30 years, with a unique value derived from its flexibility and inclusiveness [1] Group 1: APEC's Role and Impact - APEC has been instrumental in facilitating trade and investment liberalization, as well as promoting economic and technological cooperation among member economies [1] - The organization maintains a strong vitality, continuously injecting momentum into regional cooperation [1] - APEC provides a platform for economies at different development stages to participate equally and achieve mutual benefits [1] Group 2: China's Leadership and Initiatives - China has taken a leading role in promoting green transformation and economic connectivity within APEC, aligning with the organization's long-term advocacy [2] - The Belt and Road Initiative has led to significant projects in Malaysia, such as the Kuantan Industrial Park and East Coast Rail Link, enhancing various sectors including heavy industry and tourism [2] - Cooperation in areas like photovoltaics, energy storage, 5G, and electric vehicles has deepened, injecting new momentum into Malaysia's economic growth [2] Group 3: Challenges and Future Directions - The rise of unilateralism and protectionism makes it more crucial than ever to maintain a free and open trade and investment environment [2] - APEC economies need new growth engines in the face of technological revolutions, with collaboration in AI, digital payments, and green technology being essential for economic transformation [3] - Malaysia's implementation of the "Charming Economy" framework and various economic revitalization measures will benefit from cooperation with China and other regional countries [3]

Report Industry Investment Rating - Not provided in the report Core View of the Report - After the high - level oscillation in September, the stock index is expected to enter a direction - selection phase again. The domestic liquidity environment is expected to remain loose, and residents may increase their allocation of equity - based assets. With the Fed's interest rate cut and RMB appreciation, external funds are also expected to flow into the domestic market. In terms of market style, although technology growth has been the core theme in the current upward market trend, considering the potential increase in Q4's growth - stabilizing policies and the resonance of global monetary and fiscal policies, the market style in Q4 may shift towards value and become more balanced compared to Q3 [2] Summary by Relevant Catalogs 1. Stock Index Futures Market - **Futures Price and Volume**: For IF contracts, the previous day's closing prices of IF current month, next month, next quarter, and far - quarter were 4648.40, 4634.80, 4604.00, and 4567.40 respectively, with increases of 68.60, 68.00, 62.40, and 66.80 and increases of 1.50%, 1.49%, 1.37%, and 1.48%. Similar data are provided for IH, IC, and IM contracts. The trading volumes and open interests of each contract are also presented, along with the changes in open interests [1] - **Inter - month Spread**: The current values of the inter - month spreads of IF next month - IF current month, IH next month - IH current month, IC next month - IC current month, and IM next month - IM current month are - 13.60, 0.20, - 52.00, and - 71.20 respectively, compared with previous values of - 12.80, - 0.80, - 51.40, and - 69.80 [1] 2. Stock Index Spot Market - **Index Performance**: The previous value of the CSI 300 index was 4660.68, with a previous two - day value of 4606.34 and an increase of 1.18%. Similar data are provided for the SSE 50, CSI 500, and CSI 1000 indices. The total trading amounts and trading volumes are also given [1] - **Industry Performance**: Different industries showed different growth rates. For example, the energy industry decreased by 0.42%, while the telecommunications business increased by 5.50% [1] 3. Futures - Spot Basis - The previous values of the basis of IF current month - CSI 300, IF next month - CSI 300, IF next quarter - CSI 300, and IF far - quarter - CSI 300 were - 12.28, - 25.88, - 56.68, and - 93.28 respectively, compared with previous two - day values of - 12.74, - 25.54, - 52.54, and - 89.54. Similar data are provided for IH, IC, and IM contracts [1] 4. Other Domestic and Overseas Indices - **Domestic Indices**: The Shanghai Composite Index, Shenzhen Component Index, Small and Medium - sized Board Index, and ChiNext Index had previous values of 3950.31, 13289.18, 8139.58, and 3171.57 respectively, with increases of 0.71%, 2.02%, 1.81%, and 3.57% [1] - **Overseas Indices**: The Hang Seng Index, Nikkei 225, S&P, and DAX Index had certain previous values and growth rates, such as the Hang Seng Index increasing by 0.74% [1] 5. Macroeconomic Information - **Sino - US Economic and Trade Consultation**: From October 25th to 26th, Sino - US economic and trade consultations were held in Kuala Lumpur, Malaysia. The two sides reached a basic consensus on important economic and trade issues [2] - **Central Bank Operations**: The People's Bank of China carried out 900 billion yuan of MLF operations on October 27th, with a net investment of 200 billion yuan this month. It also conducted 1.7 trillion yuan of outright reverse repurchases, resulting in a net investment of 400 billion yuan after hedging the matured ones. The total net investment of medium - term liquidity this month is 600 billion yuan [2] - **APEC Meeting**: President Xi Jinping will attend the 32nd APEC Economic Leaders' Meeting in South Korea from October 30th to November 1st [2] 6. Industry Information - **Fund Industry**: The draft regulatory guidelines for the performance comparison benchmarks of public funds may be released soon. As of October 26th, 176 funds have adjusted their performance comparison benchmarks this year [2] - **Banking Industry**: Since October, many banks have raised the minimum investment threshold for gold accumulation. Short - term gold price fluctuations may become the norm [2] - **Power Industry**: As of the end of September, the cumulative installed power generation capacity in China was 3.72 billion kilowatts, with solar power and wind power showing significant year - on - year growth [2]