據港交所文件披露，泡泡瑪特(09992.HK)11月11日回購41萬股，耗資5975.7萬港元。

MOFCOM said it will, over the 15th Five-Year Plan period, deepen Belt and Road economic and trade cooperation and push trade innovation. Policy priorities include expanding green-trade and cross-border e-commerce links with partner countries, promoting exports and imports of emerging-industry foreign-trade products, and increasing imports of high-quality goods from partner countries to support their industrial development. The ministry will continue zero-tariff treatment for least-developed countries with diplomatic ties to China and will implement comprehensive zero-tariff measures for African countries that have diplomatic relations with China. MOFCOM also flagged plans to boost services trade—notably R&D and design cooperation—roll out a Thousand Sails outbound cultural trade plan, and expand digital trade.

Huatai Securities said its research shows China’s national average hog price was 8.6 yuan/kg on Nov. 9, below the previous cycle low. The broker attributes the deeper-than-expected second trough to persistently high industry supply and inventories and weak consumption, leaving the Q4 seasonal uplift muted. With hog and piglet prices hitting fresh lows, cash-flow losses are set to deepen and could drive larger-than-expected reductions in productive sow capacity, which would increase upside elasticity and persistence for forward prices. Huatai noted sector positioning remains near cyclical lows and reiterated its investment opportunity call on the hog sector.