Core Viewpoint - China Gold International has been included in the Hang Seng Hong Kong Chinese Enterprises Index, effective from October 27, 2025, indicating recognition of its industry positioning, profitability, and market performance by an international authority [1] Group 1: Index Inclusion - The Hang Seng Hong Kong Chinese Enterprises Index reflects the performance of red-chip companies with Chinese backgrounds that are registered outside mainland China and listed in Hong Kong, consisting of the largest and most actively traded 25 red-chip stocks [1] - Inclusion in this index is expected to attract passive funds and index-tracking funds, enhancing market attention towards China Gold International [1] Group 2: Management Commentary - The Chairman and CEO, Mr. Hou Chengguang, stated that the inclusion in the index is a recognition of the company's core competitiveness and management team's efforts, showcasing strong confidence from the capital market in the company's future development [1] - This recognition is anticipated to improve the company's image and attract a broader range of investors [1]

Group 1 - The global stock market rose by 1.5% this week, with significant gains in the Asia-Pacific region, particularly the A-share CSI All Share Index, which surged by 3.3%, and the Hang Seng Index, which increased by 3.6% [3][4]. - European stock markets experienced slight increases, while U.S. stocks also saw overall gains, with the Nasdaq 100 reaching a new high for the year [5][6][7]. - Despite the rise in index points, valuations have not yet reached previous highs, indicating a close proximity to overvaluation [9][10]. Group 2 - The global stock market has largely recovered from the volatility caused by the recent tariff crisis involving Trump, with the main pressure on U.S. dollar assets stemming from the large scale of U.S. national debt and its interest payments [14]. - The potential for lower inflation in the U.S. could facilitate further interest rate cuts by the Federal Reserve, although increased tariffs may lead to higher inflation, complicating the rate cut scenario [15][16]. - The tariff issues have primarily resulted in short-term market fluctuations, which have subsequently provided buying opportunities [19][20]. Group 3 - The U.S. released its Consumer Price Index (CPI) data for September, showing a slower-than-expected year-on-year growth rate, which increases the likelihood of continued declines in U.S. interest rates [21][22]. - Market expectations are rising for the Federal Reserve to cut rates in October, contributing to the recent uptick in global stock markets [23][24]. - A decrease in U.S. interest rates would positively impact global stock market valuations, particularly benefiting non-U.S. markets [26][27]. Group 4 - A global stock market star rating chart indicates that after a significant drop in early April 2025, the market rebounded to a rating of 4.1-4.2 stars, currently hovering around 2.9 stars [31]. - There are global stock index funds available in overseas markets, with substantial assets exceeding one trillion dollars, although such funds are not yet available in mainland China [34]. - The company has launched a "Global Index Advisory Portfolio" that diversifies investments across U.S., UK, Hong Kong, and A-share indices to track the global stock market [35]. Group 5 - A new edition of the book "The Long-Term Investment Secret" has been released, which has been a bestseller for 30 years and includes updated data and new chapters [40]. - The book emphasizes that, over the long term, stock assets are the best means of wealth accumulation, suggesting that households should allocate a certain proportion of their assets to stocks [41]. - It also highlights the challenges ordinary investors face in achieving long-term returns from stock investments due to the inherent volatility of stock assets [42].

Core Viewpoint - The Hang Seng Index night futures (October) opened at 26,006 points and showed a slight increase, indicating a stable market sentiment [1] Group 1 - As of 17:16 Beijing time, the Hang Seng Index night futures (October) reported 26,017 points, up by 5 points or 0.019% [1] - The futures were trading at a discount of 11 points compared to the spot market [1] - The total trading volume was recorded at 178 contracts, with a total open interest of 135,971 contracts and a net open interest of 41,621 contracts [1]

Core Viewpoint - The Hang Seng Index night futures (October) opened at 25,859 points and is currently showing a slight decline, indicating a bearish sentiment in the market [1] Summary by Relevant Sections - **Market Performance** - As of 17:16 Beijing time, the Hang Seng Index night futures (October) reported 25,841 points, down 23 points or 0.089% [1] - The futures are trading at a discount of 18 points compared to the spot market [1] - **Trading Volume and Open Interest** - The trading volume for the night futures is recorded at 76 contracts [1] - The total number of open contracts stands at 158,450, with a net open interest of 46,254 contracts [1]

10月6日，恒生指数夜期(10月)开市报26998点。截至北京时间17:17，恒指夜期(10月)报27005点，升9点 或0.033%，高水47点，成交量为118张。未平仓合约总数为128937张，未平仓合约净数报41834张。 ...

Core Viewpoint - The Hang Seng Index night futures (October) opened at 27,182 points and showed a slight increase, indicating a stable market sentiment [1] Group 1 - As of 17:16 Beijing time, the Hang Seng Index night futures (October) reported at 27,189 points, up 8 points or 0.029% [1] - The futures are trading at a premium of 48 points compared to the spot market [1] - The total trading volume was recorded at 46 contracts, with a total open interest of 135,449 contracts and a net open interest of 40,411 contracts [1]

截至9月30日，恒生指数夜期(10月)收报26735点，涨30或0.112%，高水112点。未平仓合约总数为 116737张，减少8215张；未平仓合约净数报38663张，减少3233张。 ...

Core Viewpoint - The Hang Seng Index night futures opened at 26,723 points on September 29, with a slight increase observed in the night futures for September, reporting at 26,715 points, up by 10 points or 0.037% [1] Summary by Relevant Sections - **Market Performance** - The Hang Seng Index night futures opened at 26,723 points [1] - As of 17:15 Beijing time, the September night futures reported at 26,715 points, reflecting a gain of 10 points or 0.037% [1] - **Market Activity** - The futures were trading at a premium of 92 points [1] - The trading volume was recorded at 134 contracts [1] - **Open Interest** - The total number of open contracts stood at 124,952 [1] - The net open interest was reported at 41,896 contracts [1]

9月26日，恒生指数夜期(9月)开市报26128点。截至北京时间17:15，恒指夜期(9月)报26132点，跌1点或 0.004%，高水4点，成交量为116张。未平仓合约总数为77479张，未平仓合约净数报27003张。 ...

Core Viewpoint - As of September 25, the Hang Seng Index night futures (September) closed at 26,394 points, down by 90 points or 0.340%, indicating a bearish sentiment in the market [1] Group 1 - The Hang Seng Index night futures experienced a decline, closing at 26,394 points [1] - The index fell by 90 points, reflecting a decrease of 0.340% [1] - The futures were trading at a discount of 125 points [1] Group 2 - The total number of open contracts was reported at 98,034, a reduction of 42,651 contracts [1] - The net number of open contracts stood at 33,847, decreasing by 12,665 contracts [1]