PBOC will conduct a CNY300bn three-month outright reverse repo on Nov 5, 2026 to maintain ample banking-system liquidity. The operation will be a fixed-quantity, rate tender with multiple-price allotment; term 91 days, maturing Feb 4, 2027 (rolled to the next business day if a holiday).

China state planner said transport investment will remain sizable during the 15th Five-Year Plan. The authority said it has sped project approvals, strengthened construction monitoring and efficiently screened projects for central long-term special government bonds, local government special bonds and new policy financial instruments to support delivery. It will follow an “appropriately front‑loaded, not excessively front‑loaded” stance and deploy stronger, targeted measures to use transport investment to stabilise the economy, expanding emerging‑area spending while cutting low‑return, low‑utilisation and duplicative projects and strictly preventing speculative herding in new fields and business models.

U.S. equities on Tuesday, Nov. 3: Dow Jones Industrial Average closed down 197.12 points (-0.38%) at 51,786.86; S&P 500 closed up 27.55 points (0.37%) at 7,568.95; Nasdaq Composite closed up 207.65 points (0.83%) at 25,372.01.