The PBOC said it carried out a swap facility for securities, fund and insurance firms on Nov. 3, 2026, sized CNY100 billion and allocated via a rate tender. Thirty-one securities and fund firms participated in the bids and the winning rate was 10bp; the operation was conducted based on participating institutions' demand.

CITIC Securities chief economist Ming Ming said global growth shows pronounced K-shaped divergence and China is experiencing an uneven, volatile recovery. He forecasts China GDP growth around 4.5% in 2027. Consumption should warm modestly, with retail sales shifting toward smart products; he sees 2027 total retail sales growth near 1%. Macro policy will be more proactive: fiscal policy is expected to expand modestly with the deficit ratio to remain about 4.0%. On monetary policy he said a rate cut may occur in H2 next year. He expects the renminbi to appreciate modestly to roughly 6.4–6.5 in 2027 and that RMB internationalization could accelerate over the 15th Five-Year Plan period.

South Korea's KOSPI closed down 210.29 points (-3.59%) at 5,648.79 on Nov. 3 (Tuesday). SK Hynix fell 5.02% and Samsung Electronics dropped 4.14%.