World Gold Council: Gold demand in India is expected to rise in the fourth quarter, driven by festive and wedding-related demand.

CITIC Jiantou Securities is actively applying for the third batch of the securities-funds-insurance swap facility (SFISF). In a Market Talk note on Nov. 3, chief economist Huang Wentao said recent A-share volatility has moved the market into a bottoming range and identified three factors that could drive a rebound: coordinated regulatory measures to stabilize market confidence, improving third-quarter earnings, and noticeably more attractive valuations in certain sectors.

Key News 1. By the end of the 15th Five-Year Plan period, the output value of emerging pillar industries is expected to exceed 10 trillion yuan. 2. The People's Bank of China: Today, it conducted a 100 billion yuan SFISF operation, with a winning bid rate of 10 basis points. 3. The National Data Administration: It will accelerate the formulation of a top-level document for a national integrated data market. 4. Innovative pharmaceutical companies listed on the Science and Technology Innovation Board completed nine business development (BD) overseas transactions in the first three quarters, with a potential transaction value of approximately US$12 billion. Individual Stock News 1. Data on main capital flows shows that CATL (Contemporary Amperex Technology Co., Limited) saw the largest net inflow of main capital at 1.227 billion yuan, followed by Ping An Insurance, N Crown, Sungrow Power Supply, and SMIC. Changxin Components saw the largest net outflow of main capital at 3.108 billion yuan, followed by InnoLight Technology, Cambricon, Tianfu Communication, and Shenghong Technology. 2. CATL's EnerQB equipment rolled off the production line and was delivered, marking a step towards large-scale application of long-term energy storage. 3. Lianyong Microelectronics: Downstream demand remains strong, and power device production lines are operating at full capacity. 4. North Navigation: The civilian product industry is still in its development stage, and order fulfillment remains uncertain. 5. Shengke Communication: 12.8T/25.6T products have entered mass production and application at customer sites. 6. Dongfeng Motor is negotiating with CATL to secure the first use of its third-generation Shenxing battery. 7. Aofu Technology: Currently, the overall proportion of its business in passenger vehicle carriers remains relatively small.