EY China Chairman highlights China's significant role in the global financial system, noting its leading position in banking assets, stock, bond, and insurance markets. President Xi Jinping returns to Beijing after attending the 16th BRICS Summit. Other domestic news includes Charles Schwab's observations on China's newly wealthy, the opening of a 24-hour self-service government center in Hengqin, and insurance companies focusing on product innovation. Internationally, the US Baltimore bridge collision freighter agrees to $102 million in compensation, Musk's net worth surges, and Morgan Stanley appoints Ted Pick as Chairman.

IBM reported a Q3 net loss of $330 million, leading to a post-market stock drop. QFII investments favored non-ferrous metals, basic chemicals, and agriculture. Foreign institutions are actively researching and investing in A-shares, focusing on electronics, chemicals, and machinery sectors.

The Central Meteorological Observatory issued a blue warning for Typhoon Tanmei, which is approaching the Philippines. Meanwhile, the 'Swap Facility for Securities, Funds, and Insurance Companies' has been quickly implemented, boosting stock market activities. Xie Chuntao led a CPC delegation to Denmark, and China's representative opposed unilateral coercive measures at the UN. Qualcomm and Google are collaborating on automotive AI products, with Mercedes-Benz set to use Qualcomm chips.

The peak season for copper consumption is advancing, potentially driving copper prices higher in Q4. Qualcomm unveiled a new smartphone chip with improved performance. China's Ambassador for Disarmament highlighted severe challenges in international nuclear disarmament. The Fed's Schmid leans towards slowing interest rate cuts. Tesla faces a lawsuit over alleged copyright infringement during the Cybercab press conference.

New funds are expected to accelerate their entry into the market as the 6-month opening period approaches. Private equity research is in full swing, with the consumer sector becoming a new favorite. The impact of new tools in the capital market on the bond market is moderate, and a fire at Shanghai Hongqiao Airport was suspected to be caused by a power bank.

The A-share market experienced significant fluctuations, magnifying the risk of equity arbitrage strategies. Several banks' wealth management subsidiaries announced the early termination of products. The LPR is expected to see a 20 basis point reduction in October, aligning with macroeconomic policies. Chinese and Russian naval ships arrived in Qingdao after completing a joint exercise.

Panda bond issuance has surpassed last year's total, with a 27.4% increase. The second batch of CSI A500 index funds is set to launch, and balanced allocation remains a key strategy for investment advisors in Q4.

Equity fund issuance is accelerating, with new funds quickly building positions. Mergers and acquisitions (M&A) policies are boosting the enthusiasm of listed companies to establish industrial funds. The scale of private asset management by securities firms reached 5.75 trillion yuan, and the 'private placement + public offering' model is gaining momentum. Pig prices are expected to remain range-bound in Q4 due to improved demand.

Chinese equity ETFs attracted more than $5 billion in a single week, while the global smartphone market grew by 5% in the third quarter, achieving four consecutive quarters of growth. Insurance funds show long-term optimism and a willingness to increase allocation on low positions. Nvidia's stock price hit a record high, driven by strong AI demand.

The bond market is gradually stabilizing, and Chinese equity funds witnessed a record weekly inflow of nearly $40 billion for the second consecutive week. The Eastern Theater launched the 'Joint Sword-2024B' exercise, and Guangzhi Technology plans to acquire 100% of Pioneer Electric Technology Co., Ltd.

The CSI A50 ETF has paid dividends three times this year, with a cumulative dividend rate of 1.98%. The bond market is showing signs of stabilization after recent declines, but uncertainty remains regarding potential fiscal policies. The 2024 Global National Assessment Capacity Conference will be held in Beijing, and the national railway has increased coal transportation capacity. Internationally, tensions between Israel and Lebanon continue, with Germany promising military support to Ukraine.

Chinese brokerages are cautiously optimistic about the fourth-quarter market, emphasizing growth and dividends. The interest rate on existing housing loans is set to decrease, putting pressure on banks' net interest margins. Real estate promotions are increasing, and express delivery revenue has surpassed 1 trillion Yuan ahead of schedule. Internationally, the Fed's November rate cut probability is 70.4%, and Germany has lowered its economic growth forecast.

China's fund industry has implemented purchase restrictions to prevent arbitrage and protect holder income. Six major banks are preparing to increase capital, and discussions on issuing special treasury bonds to inject capital into these banks have resurfaced. The market remains optimistic about A-shares, with brokerages recommending numerous gold stocks. Internationally, Hurricane 'Milton' has been upgraded to a Category 5, and political tensions persist in the Middle East and Europe.

Goldman Sachs raised its S&P 500 target to 6,300 points, citing stable macroeconomic outlook and strong tech sector. Meanwhile, A-share market optimism increases as local governments borrow 6.7 trillion yuan, and Shenzhen's real estate market heats up.

Henan Governor emphasizes stabilizing the real estate market and promoting trade-in and acquisition of existing commercial housing. CATL signs a strategic cooperation agreement with Hainan to develop green energy and new energy storage, aiming to build a carbon-neutral model. Changjiang Securities highlights potential benefits for banking, real estate, and construction sectors from valuation improvement plans. Chinese researchers develop a new solar-powered lithium extraction technology from salt lakes.