1. Jensen Huang: "We Underestimated China" – Millions of AI Chips Produced Annually Importance: ★★★★★ NVIDIA CEO Jensen Huang stated on November 3 that the U.S. initially underestimated China's potential in the tech industry. China can now fully rely on its domestic industry rather than U.S. technology. Huang remarked, "We underestimated China’s ability to accelerate its own tech industry. They now produce millions of AI chips annually." Commentary: While progress is evident, gaps remain compared to advanced global industries. Regardless of praise or criticism, self-development remains the priority.
2. TSMC Launches "4-Year Consecutive Price Hike" Plan – Official Response Importance: ★★★★ Reports indicate that TSMC has informed clients since September that, starting January 2026, advanced processes below 5nm will undergo a four-year price increase averaging 3%-5%. On November 3, TSMC declined to comment on market rumors but reiterated its strategy-driven pricing approach, emphasizing close collaboration with clients. Commentary: The rare long-term pricing strategy has sparked investor optimism, with analysts attributing the move to soaring demand for AI and computing chips.
3. Gold Price Volatility & Tax Adjustments: ICBC Suspends, Then Resumes Gold Accumulation Service Importance: ★★★★ On November 3, ICBC announced the resumption of its gold accumulation service after a brief suspension earlier that day. Similarly, China Construction Bank and China Minsheng Bank adjusted trading hours for gold-related products. Commentary: The abrupt policy reversal highlights the need for banks to minimize disruptions by providing advance notice to investors.
4. China-EU Export Control Dialogue Held in Brussels Importance: ★★★ From October 31 to November 1, China and the EU held an "upgraded" export control dialogue in Brussels, discussing mutual concerns constructively. Both sides agreed to maintain communication to stabilize supply chains.
5. Ministry of Finance Establishes Debt Management Department Importance: ★★★ The Ministry of Finance unveiled a new Debt Management Department on November 3, with Li Dawei appointed as its head. Li previously served as a senior official in budget and debt research. Commentary: The move signals a strategic shift in managing government debt, echoing past reforms that revitalized state-owned enterprises and banks.
6. "Zodiac Stock Rally" Returns – But Experts Warn Against Overreliance on Past Trends Importance: ★★★ Recent surges in "horse-themed" stocks like Haima Auto and Fulongma have drawn attention. However, analysts caution that zodiac-based speculation is sentiment-driven and risky, especially after some stocks doubled this year.
7. U.S. Government Shutdown Deadline Looms – Resolution Expected by November 14 Importance: ★★★ The partial U.S. government shutdown may end by November 14, driven by delayed SNAP benefits and ACA enrollment deadlines. President Trump has shown no willingness to compromise with Democrats.
8. Cryptocurrency Market Plunge: 180K Liquidated as Bitcoin Drops Below $107K Importance: ★★★ On November 3, Bitcoin fell below $107,000, while Ethereum dropped 4% to under $3,700. Over $482M in liquidations occurred, with longs bearing the brunt.
Investment Highlights: - Lithium Hexafluorophosphate prices nearly doubled in a month, hitting ¥117,000/ton amid strong demand. - Non-ferrous metals (antimony, tungsten) and rare earths (boosted by humanoid robots) show promise. - Robotics sector revenue grew 29.5% YoY in Q1-Q3.
Corporate Announcements: Positive: - China Shenhua to distribute ¥19.47B cash dividend. - Sanhua Intelligent repurchased shares worth ¥56M. Negative: - Siwei Liekong director under investigation. - Lonking Holdings revenue fell 2.41% YoY.