Nov 3, 2026 — The PBOC conducted its third securities, fund and insurance company swap facility (SFISF) operation. China Merchants Securities participated and won an allocation, and says it will promptly advance related financing and investment activity. The firm added it will continue to use the SFISF tool to support market liquidity, revive trading activity and bolster investor confidence to help stabilise China's capital markets.

苹果(AAPL.O)CFO：预计第一财季毛利率为45%至46%。

Guoyuan Futures says U.S. midterms will hit Chinese energy-chem futures mainly via changes in expected international crude, refined-product and LPG supply, with effects transmitting through the naphtha, aromatics and olefins chains to domestic contracts. Different commodities have distinct cost structures and domestic supply/demand, so price elasticity and persistence will vary. Domestic contracts most directly linked to international energy prices and supply include crude oil, fuel oil (including low-sulfur grades), LPG, bitumen, PX, benzene and propylene. The firm judges direct market impact will concentrate around the Nov. 4 key voting stage; if results meet expectations, persistence depends on follow-up policy; if Republicans unexpectedly retain both chambers, markets should guard against concentrated upside in crude and other highly sensitive energy-chemical contracts.