Southbound investors net sold CNY9.218 bln today. Via Shanghai Stock Connect, Alibaba and SMIC were net sold HKD573m and HKD423m respectively; CNOOC was the largest net buy at HKD751m. Via Shenzhen Stock Connect, Alibaba and CNOOC were net sold HKD1.

Tianrun Dairy reported Q3 2026 results. First nine months revenue 2.185 bln yuan, up 5.4% YoY; net profit attributable to shareholders 80.23 mln yuan, swinging to profit; net profit excluding non-recurring items 53.57 mln yuan, down 30.0% YoY. Q3 revenue 735 mln yuan, up 8.4% YoY; Q3 net profit attributable 25.98 mln yuan, up 131.1% YoY; Q3 adjusted net profit 34.82 mln yuan, up 85.7% YoY. Company said the year-to-date improvement was driven by smaller losses from herd culling, reduced losses from converting surplus raw milk into spray powder and bulk milk, stronger sales and product-mix optimization.

1. The Shanghai Stock Exchange held a mobilization meeting for the first batch of actively managed ETFs. 2. The General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on promoting the deep integration of technological innovation and industrial innovation. 3. A serious security vulnerability was exposed in PHP, leading to the large-scale shutdown of government websites in several European countries. 4. Tektronix confirmed receiving a strike notice at its Highland Valley copper mine; the union could start the strike as early as the evening of October 24th, Beijing time. 5. The US and Israel formulated a new plan for a strike against Iran, possibly after the US midterm elections. 6. Putin agreed in principle to resume trilateral peace talks between Russia, the US, and Ukraine; Abu Dhabi may be the location. 7. The ranks of ETFs with assets exceeding 100 billion yuan expanded again, with broad-based and credit bond ETFs seeing increased investment. 8. The global chip LOF premium is approximately 40.6%; trading is suspended until 10:30 today. 9. The Nasdaq ETF GF premium reached 15.93%; trading is suspended until 10:30 today. 10. The Nasdaq 100 ETF (China Merchants Fund) has a premium of 13.69% and is suspended from trading until 10:30 AM today. 11. The US 50 ETF has a premium of 8.73%, and the fund manager warns of the risk of temporary suspension. 12. The S&P 500 ETF (Guotai Fund) has a premium of 7.71%. If it does not effectively decline, it may be temporarily suspended, have its suspension extended, or be suspended continuously. 13. The Nasdaq ETF (Huaan Fund) has a premium of 11.53% and is suspended from trading until 10:30 AM today. If the premium does not decline, it may be further suspended. 14. The S&P 500 ETF (Huaxia Fund) warns of a 7.29% premium risk. If it does not effectively decline, it may be suspended. 15. The US 50 ETF (Huitianfu Fund) has a premium of 8.54%, and the fund company warns of the risk of buying at a high premium.