China Huadian's Qinghai branch said unit 1 of the Ge'ermu Phase I 2×660MW coal-fired project entered commercial operation on Nov. 5. The project, located in Ge'ermu city, Haixi prefecture, Qinghai — average site elevation ~2,850m — comprises two 660MW ultra-supercritical indirect air-cooled condensing coal units with total investment of about 6.3 bln yuan. Developers say the project overcame multiple high-altitude coal-power technical bottlenecks and fills industry technical gaps. At full capaci

Russia's subsidies to persuade oil producers to prioritize domestic road-fuel supply rose to 415 billion rubles ($5.1bn) in October, the highest monthly level since April 2022 (450 billion rubles), the finance ministry said. The support, designed to offset the appeal of exports, has climbed from tens of billions in January to several hundred billion rubles as this year's conflict involving Iran pushed up global crude and product prices. Most payments go to major refiners including Rosneft and Tatneft, cushioning cashflows as firms repair refineries damaged by Ukrainian drone strikes. The government has kept bans on most diesel, gasoline and jet-fuel exports while maintaining the subsidy, further eroding Kremlin energy revenue.

恒生科技指数涨势不止，早盘涨超5%，科网股集体爆发，网易-S(09999.HK)、美团(03690.HK)涨超8%，哔哩哔哩(09626.HK)涨超6%，腾讯控股(00700.HK)、阿里巴巴(09988.HK)涨超5%。