IBM (IBM.N) and Microsoft (MSFT.O) announced the launch of a new AI agent platform aimed at accelerating industry-specific transformation.

Speaking at CSC Financial's 2027 capital markets strategy meeting in Beijing, chief economist Huang Wentao outlined a 'new four-bulls' long-bull framework and said China's capital market should remain broadly upward in 2027, with a possible 'three bulls' rally in equities, bonds and the yuan. Policy drivers to watch: a shift from investment in physical assets to investment in people, second-year ramp-up of major five-year-plan projects, greater use of policy financial instruments, property adjustment entering its final stage, and income-distribution reform. For asset allocation he recommended overweighting RMB 'money-anchor' assets — key tech/domestic-substitution sectors, gold, strategic metals, shipping/logistics, chemicals/materials, aerospace/defence, energy and power, pharmaceuticals, robotics and other strategic national-construction sectors — while keeping core allocations to RMB liquidity assets: securities/financials, dividend equities, bonds and prime-location REITs. He cautioned on downside risks from overseas economic volatility, financial-stability concerns and geopolitical tension.

澳大利亚10月NAB商业信心指数 -15，前值-13。