China stocks closed lower after a weak open and a midday rebound that gave way to renewed selling. Shanghai Composite fell 0.82%, Shenzhen Composite fell 1.21% and the ChiNext Index fell 2.73%. Turnover across Shanghai and Shenzhen topped 1.7 trillion yuan; over 3,300 stocks declined. The livestock sector outperformed and baijiu concepts were strong. The battery sector spiked intraday then retreated. Compute-power hardware names were weakest and led the market lower, with CPO, PCB and high-speed

A股电网设备概念震荡走强，三变科技涨停。金冠电气涨超11%，思源电气、顺钠股份、双杰电气、亿能电力跟涨。

Shenzhen municipal financial office and financial work committee said at a Nov. 3, 2026 cadre meeting they will press to convert learning into action, accelerate building industry and tech finance hubs, and seek breakthroughs in technology, industrial and cross‑border finance. Authorities will strengthen regulatory effectiveness and supervisory penetration to ensure compliant local financial operations, coordinate disposal of illegal financial activity, resolve risks at small‑ and medium‑sized financial institutions, prevent new risk formation, properly manage existing exposures and firmly uphold the bottom line of preventing systemic risk.