Customs: China’s auto exports (including chassis) were 1.182 mln units in September, up from 1.047 mln in August.

Xingshuai'er resumed trading and hit the daily upper limit after announcing a plan to acquire 100% equity of Fanyu Technology.

China A-share tech sector's recent pullback has attracted scrutiny. Liang Hong, founder of large private fund Hainan Xiwa, wrote in a weekly investor note that he learned certain large insurance asset managers bought tech at July highs and then sharply cut positions in late September to stop losses—actions from long-term capital that he says exacerbated the decline. The report and related discussion circulated quickly in institutional circles. A TOP EXECUTIVE at a leading insurance asset manager said policy support—including an annual target to channel 30% of new premiums into markets and a lower equity investment risk factor—has enabled the firm to steadily raise its strategic equity allocation and continue supplying long-term, stable capital to the market. An anonymous brokerage analyst said insurance outsourced allocations (to public fund managers) were trimmed at end‑Q3 but had limited impact on the broader market.