PBOC conducted CNY 541 bln overnight reverse repo today; bid and awarded amounts both CNY 541 bln; rate 1.25%.

据《大西洋月刊》称，特朗普考虑在国防部长赫格塞思和参谋长联席会议主席凯恩之间，为伊朗战争寻找替罪羊。特朗普正在向盟友询问两人的情况。

China’s draft State-owned Assets Law was submitted to the 14th NPC Standing Committee’s 25th meeting for a second review on Nov. 2. The second-review draft adds “overall coordination of development and security” as a guiding principle and, citing the constitution, inserts language to “safeguard consolidation and development of the state economy.” It also mandates a paid-use regime for state land, mineral and marine resources, stipulates that related usage rights should in principle be granted via competitive processes, and requires resource allocation to prioritize protection and comply with land‑use planning, spatial controls and environmental protection requirements.