Brent crude plunged 6.00% intraday to $104.99/bbl.

China Merchants Bank (CMB) head of asset-liability management Li Li said on Nov. 2 at the bank’s 2026 Q3 results forum that a single-quarter stabilization in net interest margin (NIM) is a positive signal but is not yet fully secured and the subsequent path remains uncertain. She said overall NIM contraction is likely to be smaller than in the same period of prior years. On the funding side, CMB will push deposit growth while consolidating its low-cost funding advantage. On the asset side, the bank plans to pursue market and industry-transformation opportunities to grow loan volume and quality, aim to keep NIM relatively stable and maintain a relative edge versus peers.

China Index Academy data show full-caliber sales for the top-100 developers totaled CNY2.537tn Jan–Oct; October single-month sales were about CNY277.3bn, up from CNY213.3bn in August and CNY242.1bn in September. Liu Shui, head of corporate research at China Index Academy, said 9/29 mortgage interest-subsidy measures and concentrated developer promotions, together with a low year-ago base, boosted buying confidence, though sales performance remains uneven; developers with ≥CNY100bn sales fell to six (down one YoY) and those with ≥CNY10bn fell to 58 from 100 in 2023. Transaction volumes: new-home sales in 50 key cities were ~11.41 mln sqm in October (MoM +4.5%, YoY -12.0%); second-hand transactions in 20 key cities were ~14.61 mln sqm (MoM +3.0%, YoY +20.4%).