知行合一

1. The Ministry of Culture and Tourism reminds Chinese tourists to avoid traveling to Japan recently; AI fake images deceive with "refund only"; Lei Jun responds to safety concerns about Xiaomi cars. The Ministry of Culture and Tourism and the Ministry of Education jointly issued reminders that Chinese tourists and students traveling to Japan for tourism and study should be highly vigilant about local security risks and strengthen self-protection. A new scam in the e-commerce sector involves AI-fabricated product defect images with "refund only," with products under 100 yuan being heavily affected, forming a gray industrial chain. Lei Jun emphasized in a series of Weibo posts that Xiaomi cars prioritize aesthetics but do not compromise on safety, responding to misinterpretations from the outside world. Details
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2. Faraday Future delays Q3 financial report due to consolidated statements. Faraday Future announced that the disclosure of its Q3 financial report is delayed due to the first financial consolidation with the newly renamed AIxCrypto (AIxC) for two listed companies. The report will be submitted after AIxC's financial report is completed, ensuring compliance within the deadline, no later than November 19. Details
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3. CICC suggests maintaining an overweight position in A-shares, no signs of a bull market peak observed. CICC believes that A-shares benefit from AI technology and liquidity, with reasonable valuations. Although there may be fluctuations at the end of the year, no signs of a bull market peak have been observed, and they still recommend an overweight position. U.S. stocks are considered overvalued with high risks for chasing prices, suggesting a market weight. Chinese bonds are underweight, while U.S. bonds maintain a neutral weight. Details
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4. Multiple "five 毛基" funds rebound, redemption pressure rises. As the market warms up, most "five 毛基" actively managed equity funds see a rebound in net value, but most investors choose to "sell once they break even," resulting in limited or even decreased growth in fund shares during the rebound process, increasing redemption pressure on the funds. Details
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5. CITIC Securities: The RMB exchange rate may converge towards the central parity. CITIC Securities pointed out that in the third quarter, China's exports to non-U.S. markets supported the current account surplus. Although export growth may decline in the fourth quarter, under the central bank's stable exchange rate policy, the RMB exchange rate is expected to gradually converge towards the central parity amid fluctuations. Details
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6. From guaranteed profits in new shares to listing price drops, the REITs market cools down. The public REITs market has been affected by an overall adjustment in the secondary market, with first-day returns on new stocks declining and even experiencing listing price drops. As the year-end lock-up period approaches, the market's pressure-bearing capacity will be further tested, with investors shifting from enthusiasm to caution. Details
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7. Galaxy Securities: The long-term value of quality content production companies remains unchanged. Galaxy Securities stated that with the integration of AI and content creation, the media industry has performed outstandingly this year. In the future, quality content production companies will remain the core of the industry, as AI enhances production efficiency and brings new business models, maintaining long-term value. Details
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8. CICC: The gold bull market may continue, expected to break through $5,000 next year. CICC stated that the current amplitude and cycle of the gold bull market are still lower than the historical two major cycles. Under macroeconomic uncertainties and the negative impact of the U.S. dollar, gold prices are expected to continue rising, with the possibility of breaking through $5,000 per ounce next year. Details
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9. Cross-border ETFs briefly experience premiums in the secondary market, caution needed for chasing prices. Several cross-border ETFs have recently seen premiums in the secondary market, attracting attention. Short-term mismatches are likely to occur, and the convergence of premiums is affected by multiple factors. The overall sector is expanding rapidly, but caution is needed for short-term price chasing risks. Details
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10. Shenzhen Stock Exchange temporarily suspends trading of Jiarong Technology stocks. Xiamen Jiarong Technology Co., Ltd. plans to disclose significant matters, and the Shenzhen Stock Exchange announced a temporary suspension of trading starting November 17, to resume trading after relevant announcements are disclosed by designated media. Investors need to closely monitor the latest information. Details
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11. International gold prices fluctuate at high levels, gold consumption shows a trend towards lighter products. International gold prices and domestic jewelry gold prices are fluctuating at high levels, leading to a shift in gold consumption preferences towards lighter products and gold bars. Analysts suggest that gold prices may remain high in the short term, and if for investment, attention should be paid to international fluctuations; for wearing, purchases should be made rationally according to budget. Details
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12. Qiaotian Intelligent completes A+ round financing, core products have shipped 100,000 units. Robot end equipment manufacturer Qiaotian Intelligent has received hundreds of millions in A+ round financing, exclusively invested by Zhejiang Chuangtou. Its magnetic mold changing and quick change devices have the highest annual shipment volume, with core customers including Geely and Mercedes-Benz, forming a high-threshold differentiated advantage. Details
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13. The RMB central parity against the U.S. dollar is reported at 7.0816, up 9 points. The RMB central parity against the U.S. dollar is reported at 7.0816, up 9 points, reflecting the recent market's sensitive response to central bank policies and fluctuations in supply and demand. Details
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14. The Hang Seng Index opens lower, the Hang Seng Tech Index falls 0.71%. The Hang Seng Index opened down 0.49%, and the Hang Seng Tech Index fell 0.71%. The automotive, non-ferrous metals, and media sectors led the decline, while the semiconductor sector saw gains. Details
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15. The central bank conducts a 7-day reverse repurchase operation of 283 billion yuan today. The People's Bank of China conducted a 7-day reverse repurchase operation of 283 billion yuan today, with an operation rate of 1.40%, unchanged from before, providing liquidity support to the market. Details
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16. The three major A-share indices open lower, CATL falls over 3%. The three major A-share indices opened lower, with the Shanghai Composite Index down 0.05%, the Shenzhen Component Index down 0.12%, and the ChiNext Index down 0.46%. The electrical grid, precious metals, and other sectors led the decline, with CATL falling over 3%. Details
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17. SenseTime Medical raises strategic financing in Pre-A+ round, valuation exceeds 3 billion yuan. SenseTime Medical has raised hundreds of millions in Pre-A+ round financing, with a post-investment valuation exceeding 3 billion yuan. It will use AI technology to promote the construction of "smart hospitals," having achieved intelligent diagnosis and decision-making in multiple fields, continuously expanding its product matrix and business ecosystem. Details
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18. Xunyi Technology raises tens of millions in C+ round financing, focusing on low-altitude logistics. Low-altitude logistics company Xunyi Technology has received tens of millions in C+ round financing from investors in Hangzhou and Zigong, which will accelerate product development and market network expansion to enhance low-altitude logistics service capabilities. Details
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19. Spot silver rises over 1% during the day. The spot silver price has risen over 1% during the day, currently reported at $51.09 per ounce, with the precious metals market remaining active. Details
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20. Goldman Sachs plans to acquire Burger King's business in Japan. Goldman Sachs Group is in talks with relevant parties to acquire Burger King's business in Japan, expanding its presence in the fast food and retail sectors in Japan. Details
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21. The transaction volume of the Shanghai and Shenzhen stock markets exceeds 500 billion yuan. The transaction volume of the Shanghai and Shenzhen stock markets today exceeded 500 billion yuan, indicating a continued recovery in market activity. Details
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22. Alibaba's "Qianwen" App officially enters public testing, fully entering the AI to C market. Alibaba's "Qianwen" App has officially launched public testing, fully entering the AI to C market, and will integrate multiple scenario services in the future, benchmarking ChatGPT, aiming to create a powerful life assistant. Details
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23. Huawei will hold a new product launch conference on November 25, introducing the Mate 80 series. Huawei announced that it will hold a new product launch conference on November 25, during which it will release multiple new products including the Mate 80 series and Mate X7, continuing to strengthen its innovative layout in the smartphone market. Details
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