China's State Taxation Administration said on Nov 11 the transition period for taxing offshore trust income has ended smoothly and most taxpayers cooperated. Cumulative individual income tax declarations tied to offshore trusts exceed 160 bln yuan, w

India's Nifty 50 index gave back some of its gains, last up 0.32%. India's Nifty IT index fell 1%.

Key News 1. Li Qiang signed a State Council decree promulgating the revised "Regulations on the Management of Foundations". 2. Zhang Guoqing emphasized during his research visit to Shanghai the need to continuously improve industrial innovation capabilities to better serve and support high-quality economic development. 3. Two departments: By 2028, artificial intelligence will be demonstrated and applied in the field of natural resources. 4. Shanghai: Accelerate the development of marine observation equipment, marine satellite communications, underwater communication and navigation, and promote the research and application of key equipment such as marine sensors, marine intelligent robots, and submersibles. Individual Stock News 1. Cambridge Technology: Plans to expand its annual production capacity of high-speed optical modules by at least 10 million units by the end of 2027. 2. Qingdao Food: The controlling shareholder plans to transfer 29.24% of its equity for 965 million yuan, making Qingdao Brewery Group the new controlling shareholder. 3. Shanghai Hejing: Responds to inquiries regarding its private placement; the proceeds will be used to expand production of 12-inch silicon wafers. 4. ST Longda: The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure regulations. 5. Yunnan Germanium: Existing indium phosphide wafer production capacity and capacity under construction have been locked in by customers until the end of 2027. 6. Jiuri New Materials: Plans to jointly increase investment in Guangju Technology and acquire 100% equity of photoinitiator company IGM. 7. Jinbei Automotive (two consecutive daily limit-up): Currently, it has achieved operating revenue of 500,000 yuan from its robot assembly business, which has no significant impact on net profit. 8. Riying Electronics (two consecutive daily limit-up): The company's electronic skin products are still in the customer verification and small-batch trial production stage.