Alibaba (BABA.N) shares rose as much as 5% in overnight trading on the US stock market. This followed the announcement of the public beta version of Alibaba's Qianwen app, putting it in direct competition with ChatGPT.

Key News 1. Qiushi Journal publishes an important article by General Secretary Xi Jinping entitled "Developing New Productive Forces According to Local Conditions." 2. The People's Bank of China will conduct 800 billion yuan of outright reverse repurchase operations next Monday. 3. Wu Qing, CSRC official: Efforts will be made to promote a more resilient and stable market, and a more inclusive and attractive system. 4. Ministry of Culture and Tourism solemnly reminds Chinese tourists to avoid traveling to Japan recently. 5. Lan Fo'an, Ministry of Finance: Adhere to a proactive approach and strengthen counter-cyclical and cross-cyclical adjustments. 6. State Administration for Market Regulation releases the "Guidelines for Anti-Monopoly Compliance of Internet Platforms (Draft for Comments)." 7. State Council Executive Meeting: Deploys policies and measures to enhance the matching of supply and demand of consumer goods and further promote consumption. 8. Financial Regulatory Commission: At the end of the third quarter of 2025, the total assets of my country's banking financial institutions in local and foreign currencies reached 474.3 trillion yuan, a year-on-year increase of 7.9%. Individual Stock News 1. Unitree Technology completes IPO preparation. 2. CATL: Shareholder Huang Shilin plans to transfer 1% of shares through a price inquiry. 3. Ronbay Technology: Signed a cooperation agreement with CATL, under which the latter promises to purchase no less than 60% of CATL's total procurement volume annually. 4. Foxconn Industrial Internet responded to rumors of "order or outlook downgrade": No relevant statements have been released, and the progress and delivery schedule of existing customer projects are normal. 5. Hopson China: Due to a significant short-term increase in its share price, the company's stock will be suspended from trading on November 17 for investigation. 6. EVE Energy: Energy storage battery orders are relatively full, and it has taken the lead in mass production of 600Ah+ cells. 7. Tianfu Communication's controlling shareholder and largest shareholder, Tianfu Renhe, plans to transfer 8.5 million shares through a price inquiry, accounting for 1.09% of the total share capital. 8. Hesun Petroleum: Plans to acquire control of Kuixin Technology, which focuses on integrated circuit IP and Chiplet product development. 9. Zhong Sheng Pharmaceutical: The progress, review, and approval results of the clinical trials for its innovative drug development projects are all uncertain. 10. Dianyu Energy: Plans to acquire 100% equity of Baiyinhua Coal & Power for RMB 11.149 billion. 11. Changchun High & New Technology Industries: Its subsidiary, Jinsai Pharmaceutical, received approval for clinical trial application of its oral small molecule growth hormone secretion-stimulating drug GS3-007a dry suspension. Currently, there are no similar products on the market in China.

JPMorgan Chase: Lowered its target price for Maersk from 8,900 Danish kroner to 8,800 Danish kroner.