Iran's foreign ministry spokesman Baghaei said the Strait of Hormuz cannot be reopened until the U.S. lifts sanctions.

Key News 1. The People's Bank of China (PBOC), the State Financial Regulatory Commission (SFC), and the China Securities Regulatory Commission (CSRC) will hold a meeting today to study and promote the use of tools to support the capital market. 2. The PBOC: It will conduct overnight reverse repurchase operations every working day, with an operating rate of 1.25%. 3. A major state-owned bank plans to increase its special loan quota for share repurchase and shareholding increase by hundreds of billions of yuan each for China State-owned Assets Supervision and Administration Commission (SASAC) and China Chengtong Holdings Group. 4. The PBOC: It will continue to implement a moderately loose monetary policy to maintain ample liquidity. 5. The revenue of companies listed on the Science and Technology Innovation Board (STAR Market) increased by 6.27% quarter-on-quarter in the third quarter. 6. Net profit of listed companies in Shanghai and Shenzhen exceeded 5 trillion yuan, a four-year high. 7. The CSRC: It will make every effort to stabilize the market and expectations, and continuously enhance the resilience and confidence of the capital market. 8. China's October Manufacturing Purchasing Managers' Index (PMI) was released, showing a seasonal decline in activity. 9. The Ministry of Commerce: It firmly opposes the US Federal Communications Commission's vote to restrict testing laboratories. Individual Stock News 1. Kweichow Moutai: Q3 net profit reached 19.95 billion yuan, a year-on-year increase of 3.78% and a quarter-on-quarter increase of 15%. 2. Industrial and Commercial Bank of China (ICBC): Q3 net profit reached 111.958 billion yuan, a year-on-year increase of 9.97%. 3. China Life Insurance: Q1-Q3 net profit reached 89.43 billion yuan, a year-on-year decrease of 46.7%. 4. Muxi Shares: Q3 net profit reached 26.5271 million yuan, turning a loss into a profit year-on-year, but a quarter-on-quarter decrease of 96%. 5. Cambridge Technology: Q3 net profit increased by 213% year-on-year and 106% quarter-on-quarter; high-speed optical module business revenue accounted for over 50%. 6. Dongshan Precision: Q1-Q3 net profit reached 5.289 billion yuan, a year-on-year increase of 332.34%. 7. AMEC: Q3 2026 net profit reached 1.309 billion yuan, a year-on-year increase of 159.02%. 8. Yangtze Optical Fibre and Cable: Q3 net profit of RMB 3.203 billion, a year-on-year increase of 1741.52%. 9. Yuanjie Technology: Q1-Q3 net profit attributable to parent company of RMB 1.024 billion, a year-on-year increase of 866.88%. 10. BOE Technology Group: Q3 net loss attributable to parent company of RMB 996 million, a shift from profit to loss year-on-year. 11. Changxin Components: DRAM based on the 4F² architecture, a sixth-generation technology platform, has completed engineering sample verification. 12. China Rare Earth: Trading in its shares was suspended on November 2nd; the company plans to issue shares to acquire equity in China Rare Earth Liangshan. 13. The naming ceremony for the first vessel of the second phase of China Merchants Shipping's gas pipeline project, "LEKHRAIB," was held in South Korea.

China A-shares opened higher: Shanghai Composite up 0.42%, Shenzhen Composite Index up 0.59%, ChiNext Index up 1.05%.