Macro Dynamics - In September, the bond market issued a total of 81,027.8 billion yuan in various bonds, including 14,904.9 billion yuan in government bonds, 8,519.1 billion yuan in local government bonds, 11,741.0 billion yuan in financial bonds, 13,407.3 billion yuan in corporate credit bonds, 365.7 billion yuan in credit asset-backed securities, and 31,627.8 billion yuan in interbank certificates of deposit [2] - In September, China's foreign exchange market had a total transaction volume of 26.87 trillion yuan (approximately 3.78 trillion USD), with the interbank market accounting for 22.44 trillion yuan (approximately 3.16 trillion USD) [3] - In the first three quarters, the revenue of large-scale internet and related service enterprises in China reached 14,420 billion yuan, showing a year-on-year growth of 2.8% [4][5] Financial Institutions - China Taiping announced the sale of minority stakes in four companies for a total consideration of 6.5 billion yuan [8] - Hangzhou Bank received approval to issue capital instruments not exceeding 40 billion yuan [9] Market Data - On October 31, A-shares saw a collective decline, with the Shanghai Composite Index down 0.81%, the Shenzhen Component down 1.14%, and the ChiNext Index down 2.31% [11] - The financing balance in the two markets decreased by 7.392 billion yuan, with the Shanghai Stock Exchange reporting a balance of 12,535.78 billion yuan and the Shenzhen Stock Exchange reporting 12,196.92 billion yuan [12] Company Dynamics - China National Petroleum Corporation announced the resignation of Zhou Song as the chairman of the supervisory board [14] - InSai Group decided to terminate a major asset restructuring plan due to changes in the external environment [15] - Tianqi Co., Ltd. signed a strategic cooperation framework agreement with Foxconn Automotive to deploy at least 2,000 embodied intelligent robots over the next five years [17] - Li Auto announced a recall of 11,411 units of the MEGA 2024 electric vehicle due to potential safety hazards [18] - Qingyue Technology is under investigation by the China Securities Regulatory Commission for suspected false financial reporting [19]

本次召回范围内的车辆，由于该批次冷却液防腐性能不足，特定条件下会导致冷却回路中动力电池和前 电机控制器的冷却铝板腐蚀渗漏，导致车辆出现故障灯点亮、动力受限及无法上电的情形，极端情况下 会造成动力电池热失控，存在安全隐患。 北京理想汽车有限公司将为召回范围内车辆免费更换冷却液、动力电池和前电机控制器。应急处置措 施：针对冷却液渗漏导致的动力电池安全隐患，理想汽车云端预警程序会提前预警，并通过400客服、 车机Ecall进线联系用户并安排救援服务；当车辆出现故障时，会通过车机故障灯、文字及报警音提醒 用户，请靠边停车并等待救援。如未收到预警和车机故障信息，说明当前车辆状态正常，请放心用车， 接到邀约后请尽快进店更换。 北京商报讯（记者 刘晓梦）10月31日，国家市场监督管理总局发布的消息显示，日前北京理想汽车有 限公司根据《缺陷汽车产品召回管理条例》和《缺陷汽车产品召回管理条例实施办法》的要求，主动向 国家市场监督管理总局备案了召回计划。 召回编号S2025M0174V：自2025年11月7日起，召回生产日期从2024年2月18日至2024年12月27日的理 想MEGA 2024款汽车，共计11411辆。 ...

Core Points - Beijing Li Auto Co., Ltd. has announced a recall of certain Li MEGA 2024 electric vehicles due to safety concerns related to coolant leakage [1][2] - The recall affects a total of 11,411 vehicles produced between February 18, 2024, and December 27, 2024, starting from November 7, 2025 [1] - The issue arises from insufficient corrosion resistance of the coolant, which can lead to corrosion and leakage in the cooling circuit, potentially causing battery thermal runaway under extreme conditions [1] Summary by Sections Recall Details - The recall plan has been filed with the State Administration for Market Regulation in accordance with the relevant regulations [1] - The recall number is S2025M0174V, covering specific production dates and a total of 11,411 vehicles [1] Safety Measures - Li Auto will provide free replacement of coolant, battery, and front motor controller for the affected vehicles [2] - An emergency response system will alert users of potential coolant leakage and provide assistance through various channels [2] - Users will be notified via the Li Auto app, SMS, and phone calls regarding the recall, and they can also access information through the recall center's website [2]

Core Points - Beijing Ideal Automotive Co., Ltd. has proactively filed a recall plan with the State Administration for Market Regulation, in accordance with the "Regulations on the Recall of Defective Automotive Products" [1] - The recall, numbered S2025M0174V, will affect a total of 11,411 units of the 2024 Ideal MEGA, produced between February 18, 2024, and December 27, 2024, starting from November 7, 2025 [1] - The recall is due to insufficient corrosion resistance of the coolant, which may lead to leakage in the cooling aluminum plates of the power battery and front motor controller under specific conditions, posing safety risks [1] Company Actions - The company will provide free replacement of coolant, power batteries, and front motor controllers for the affected vehicles [1] - Emergency measures include a cloud-based early warning system that alerts users of potential coolant leakage and offers rescue services through customer service [1] - Users will be notified of the recall through the Ideal Automotive APP, SMS, and phone calls, and can also contact the customer service hotline for more information [2]

Core Points - Beijing Li Auto Co., Ltd. has filed a recall plan with the State Administration for Market Regulation due to safety concerns related to the cooling system of certain vehicles [1] - The recall affects a total of 11,411 units of the 2024 Li MEGA model, produced between February 18, 2024, and December 27, 2024, starting from November 7, 2025 [1] - The issue arises from insufficient corrosion resistance of the coolant, which may lead to leakage and potential safety hazards, including battery thermal runaway [1] Company Actions - Li Auto will provide free replacement of coolant, battery, and front motor controller for the recalled vehicles [1] - The company has implemented an emergency response system that includes cloud-based early warning notifications and customer support services to assist affected users [1] - Users will be alerted through various channels, including vehicle warning lights and customer service, to ensure safety and prompt action [1]