GMT EIGHT - OPPORTUNITIES IN CHINA

US mortgage rates may remain elevated until 2027! Fannie Mae sharply raises forecast, projecting the 30-year mortgage rate to reach 7.5% next year.

The pressure of high interest rates on the US real estate market may persist for a longer period.

US Stock Market Move | Downgraded by Barclays, Dell Technologies, Inc. Class C Technology (DELL.US) plunged more than 10%.

On Wednesday, Dell Technologies (DELL.US) plunged more than 10% intraday, after having risen as much as 360% year-to-date. It is now trading at $512.27.

US Stock Market Move | Reaches settlement agreement with UnitedHealthcare; Liquidia (LQDA.US) surges over 25% in early trading.

On Wednesday, Liquidia (LQDA.US) surged over 25% in early trading, now at $33.72.

A-share Evening Hotspots | US CPI Exceeds Expectations! Rate Hike Bets Increase, US Stocks and Treasuries Both Fall, Gold and Silver Plunge

The U.S. Bureau of Labor Statistics reported on Wednesday that the September Consumer Price Index (CPI) rose 3.7% year-over-year, higher than the market expectation of 3.6% and further widening from the previous reading of 3.4%.

DEEPZERO (02723) has been positioned in the "Leaders" category in the IDC MarketScape report on global agentic marketing platforms.

DEEPZERO (02723) has announced that International Data Corporation (IDC), an authoritative international research institution, has released the report "IDC MarketScape: Worldwide B2C Enterprise Agentic Marketing 2026 Vendor Assessment" (the Report). The Company has been positioned in the "Leaders" category, and is the only Chinese vendor to be included in this category.

US Stock Market Move | Berkshire Adds $330 Million Investment; Bending Spoons (BSP.US) Surges Over 37% in Early Trading

On Wednesday, Bending Spoons (BSP.US) surged over 37% in early trading, approaching its post-IPO high, now at $52.14.

US Stock Market Move | AI infrastructure company stocks decline, CoreWeave (CRWV.US) drops over 14%.

On Wednesday, shares of artificial intelligence infrastructure companies declined.

China's semiconductor equipment component localization process accelerates. Bernstein: Supply bottlenecks are expected to ease within one to two quarters, bullish on leading players such as NAURA Technology Group (002371) and Advanced Micro-Fabrication Equipment Inc. China (688012).

Bernstein pointed out in its latest research report that with the rapid expansion of China's semiconductor equipment industry, the supply of key components from Japanese and European suppliers is becoming increasingly tight, and domestic wafer fabrication equipment manufacturers are accelerating the adoption of domestic substitute products.

US Stock Market Move | Betting on a New Smart Home Entry Point, Apple Inc. (AAPL.US) Rises Nearly 2%, Year-to-Date Gain Expands to 27%

On Wednesday, Apple (AAPL.US) rose nearly 2% against the trend in early trading, extending its year-to-date gain to 27%, now at $345.36.

BLACK SESAME (02533) subsidiary signs approximately RMB 300 million AI computing server sales contract with an A-share listed company

Black Sesame Technologies (02533) announced that recently, its wholly-owned subsidiary Black Sesame Intelligent Technology Co., Ltd. signed a sales and technology development contract with an A-share listed company (an industry partner). The total amount of the sales contract is approximately RMB 300 million. Of this, within one year from the signing of the contract, the expected procurement of complete AI computing server products centered on the group's high-performance AI chips is approximately RMB 250 million.

E. BON HOLDINGS (00599) plans to spend HK$26 million to acquire an office property in Hong Kong.

E. BON HOLDINGS (00599) announced that on October 14, 2026, its wholly-owned subsidiary New Ling Limited intends to acquire from Zone One (CS) Limited Rooms A and B on the 20th floor of First Commercial Building, 3335 Leighton Road, Hong Kong, for a consideration of HK$26 million.

US Stock Market Move | Q3 revenue misses expectations and faces regulatory penalties; Bank of America Corp (BAC.US) opens down nearly 8%.

On Wednesday, Bank of America Corp (BAC.US) opened down nearly 8%, hitting its lowest point since May;

US Stock Market Move | CPI Exceeds Expectations, Intensifying Rate Hike Bets; Nasdaq Falls 0.6%, Most Star Tech Stocks Weaken

On Wednesday, the three major U.S. stock indices opened lower collectively, with the Nasdaq falling 0.6% as most star tech stocks weakened.

U.S. September CPI heating up raises rate hike expectations; high interest rates continue to test the U.S. stock market rally.

U.S. CPI rose more than expected, marking the largest increase since April, intensifying expectations of a Federal Reserve rate hike.

FDA Weighs Major Reform of Rare Disease Drug Approval! Greater Patient Voice, Clearer Regulatory Path for Drugmakers

The U.S. Food and Drug Administration (FDA) is launching a top-down comprehensive review to reassess how it operates in rare disease drug development and approval.

Fibocom Wireless Inc. (00638) contributed RMB 50 million to participate in the Shenzhen Qianhai Kunpeng Artificial Intelligence Terminal and Application Industry Private Equity Investment Fund Partnership (Limited Partnership).

Fibocom Wireless Inc. (00638) announced that, to meet the needs of its overall strategic development, its wholly-owned subsidiary Shenzhen Fibocom Investment Development Co., Ltd., together with Kunpeng Zhanyi, Qianhai Shuke, Kunpeng Equity Investment, Qianhai Industrial Development Group, and Qianhai Technology Innovation Group, jointly invested to establish the Shenzhen Qianhai Kunpeng Artificial Intelligence Terminal and Application Industry Private Equity Investment Fund Partnership (Limited Partnership), and recently signed the "Shenzhen Qianhai Kunpeng Artificial Intelligence Terminal and Application Industry Private Equity Investment Fund Partnership (Limited Partnership) Partnership Agreement." The fund size is RMB 900 million. Fibocom Investment, as a limited partner, has subscribed to contribute RMB 50 million, accounting for 5.56%.

SUNFONDA GP (01771) intends to sell its entire equity interest in Wuxi Xinfengtai Automobile Co., Ltd. for RMB 20.30 million.

SUNFONDA GP (01771) announced that on October 14, 2026, the sellers, Sunfonda Automobile and Sunfonda Technology Development (both indirect wholly-owned subsidiaries of the Company), intend to sell the entire equity interest in Wuxi Xinfengtai Automobile Co., Ltd. to Shen Xuelong and Sun Qian for a total consideration of RMB 20.30 million. In addition, the buyers have agreed to provide a loan to the target company to repay a loan of RMB 14.94 million owed by the target company to Sunfonda Technology Development. As at the date of this announcement, the target company owns the target property located at Xingchuang 4th Road, Wuxi City, Jiangsu Province.

FDB HOLDINGS (01826) subsidiary enters into EPC agreement in Kazakhstan, with a total amount of approximately US$11.8 million.

FDB HOLDINGS (01826) announces that on 13 October 2026, Dalan Stroy Service LLP (Dalan), an indirect wholly-owned subsidiary of the Company incorporated under the laws of Kazakhstan, as the main contractor, entered into an engineering, procurement and construction agreement (EPC Agreement) with HuaLin Energy Ltd. (whose ultimate beneficial owner is an independent third party) as the employer (Employer). The EPC Agreement relates to the construction of a 4.5 MW natural gas power generation facility in Atyrau, Kazakhstan (EPC Project). The Group expects to leverage its existing EPC capabilities and experience to deliver its first EPC project in Kazakhstan.

Fundamental investors retreat, yet quant funds keep chasing the rally! US stocks see widest 'human vs. machine' divergence since 2020, market fears sharp reversal.

Fund managers focused on economic growth and corporate profitability are growing increasingly skeptical about the sustainability of this U.S. stock rally. But at the same time, benefiting from the continued rise in benchmark indices and declining volatility, quant funds continue to buy stocks.

Hong Kong Property: 518 second-hand residential registrations above HK$10 million in Hong Kong in September, up 14% month-on-month, outperforming the broader market.

Among them, 518 registrations were recorded for second-hand residential properties worth over HK$10 million, an increase of about 13.8% from 455 in August, outperforming the broader market month-on-month.

KINGFARPROPERTY (01354) will distribute an interim dividend of RMB0.2 per share on December 18.

KINGFARPROPERTY (01354) has announced that it will distribute an interim dividend of RMB0.2 per share on December 18, 2026.

EXTRAWELL PHAR (00858) proposes to implement a share consolidation, capital reduction, and share subdivision.

Extrawell Pharma (00858) announced that the board of directors proposes to implement the proposed transactions (i.e., share consolidation, capital reduction, and share subdivision).

ECB Governing Council member Simkus: Inflation pressures point to further tightening, a rate hike cannot be ruled out at the October meeting.

ECB Governing Council member and Bank of Lithuania Governor Gediminas Simkus said the European Central Bank may have to raise interest rates again as data indicate persistent accumulation of price pressures.

CCB (Asia) Partners with Ant International to Execute Hundreds of Millions of RMB Cross-Border Transfer, Achieving Second-Level Clearing for Shanghai-Hong Kong Fund Transfers

Recently, CCB (Asia), together with China Construction Bank Shanghai Branch and Ant International, successfully completed a two-way digital RMB fund transfer amounting to hundreds of millions of yuan.

Centaline: In the third quarter, the number of first-hand private residential property transactions in Hong Kong was 3,193, with a total value of HK$49.15 billion.

In the third quarter of 2026, 3,193 first-hand private residential sale and purchase agreements were recorded in Hong Kong, with a total value of HK$49.15 billion, down 54.1% and 42.8% quarter-on-quarter respectively from 6,953 cases and HK$85.948 billion in the second quarter.

CNBM (03323) issues profit warning, expects loss attributable to shareholders of approximately RMB 760 million for the first three quarters, turning from profit to loss year-on-year.

China National Building Material (03323) has issued an announcement stating that the Group is expected to record an unaudited loss attributable to equity holders of approximately RMB 760 million for the nine months ended 30 September 2026, compared with a profit attributable to equity holders of approximately RMB 2.96 billion for the nine months ended 30 September 2025.

U.S. September inflation rebounds! Core CPI year-over-year rise hits a new high since June, expectations of a Fed rate hike heat up.

This latest inflation data marks the first rebound in the U.S. inflation rate since May, prompting the market to increase its bets on a Fed rate hike in October.

Bowman Signals Dovish Stance: Fed Need Not Rush to Hike Rates, First Observe Policy Impact

Federal Reserve Vice Chair for Supervision Bowman said on Wednesday that she does not currently believe the Fed needs to rush to make further adjustments to interest rates, and that policymakers need time to assess the impact of previous rate actions.

The Hong Kong Monetary Authority provided HK$40 million in loans to banks through the discount window.

On October 14, the Hong Kong Monetary Authority provided HK$40 million in loans to banks through the discount window.

BE FRIENDS HLDG (01450) completed a cumulative GMV of approximately RMB 9.06 billion in the first three quarters, a year-on-year decrease of approximately 5.0%.

BE FRIENDS HLDG (01450) announced that in the third quarter of 2026, the Group completed a total gross merchandise value (GMV) of approximately RMB 2.53 billion, a decrease of approximately 0.7% compared with the third quarter of 2025; in the first three quarters of 2026, the cumulative GMV completed was approximately RMB 9.06 billion, a decrease of approximately 5.0% compared with the first three quarters of 2025.

GON TECHNOLOGY (02768) Issues Profit Alert, Expects Net Profit Attributable to Parent of Approximately RMB 950 Million to RMB 1.1 Billion for the First Nine Months, Up 54.45%-78.84% Year-on-Year

GON TECHNOLOGY (02768) announced that the Group expects to record a net profit attributable to shareholders of the listed company of approximately RMB 950 million to RMB 1.1 billion for the first nine months of 2026, representing a year-on-year increase of 54.45%-78.84%; and a net profit after deducting non-recurring gains and losses of approximately RMB 920 million to RMB 1.07 billion, representing a year-on-year increase of 54.14%-79.27%.

A-share Announcement Highlights | Net profit forecast to rise by up to 1500%; multiple A-share companies report positive earnings

FSPG Hi-Tech announced that it expects net profit attributable to shareholders for the first three quarters of 2026 to be RMB 1.2 billion1.4 billion, an increase of 1,329.95%1,568.28% compared with the same period last year before restructuring, and an increase of 367.70%445.65% after restructuring.

Cssc Offshore & Marine Engineering (00317) issues a profit alert, expecting net profit attributable to parent for the first three quarters of 1.1 billion yuan to 1.25 billion yuan, a year-on-year increase of 67.91% to 90.80%.

Cssc Offshore & Marine Engineering (00317) announced that the company expects to achieve a net profit attributable to owners of the parent company of RMB 1.1 billion to RMB 1.25 billion for the first three quarters of 2026, a year-on-year increase of 67.91% to 90.80%. It is expected to achieve a net profit attributable to owners of the parent company after deducting non-recurring gains and losses of RMB 1 billion to RMB 1.15 billion for the first three quarters of 2026, a year-on-year increase of 65.26% to 90.05%.

DT CAPITAL (00356) consolidated net asset value per share at the end of September was approximately HK$0.465.

DT Capital (00356) announced that as of September 30, 2026, the unaudited consolidated net asset value per share of the Company was approximately HK$0.465.

Morgan Stanley (MS.US) Q3 results beat expectations! Equity business revenue surged 41% year-over-year; wealth management business continues high growth.

Morgan Stanley announced its third-quarter 2026 results before the U.S. stock market opened on Wednesday.

U.S. mortgage rates rise to 7.5%, home purchase activity falls for sixth straight week.

U.S. mortgage rates continued to rise, suppressing home purchase activity for the sixth consecutive week.

Views surge ninefold, profitable for three consecutive months: Has DUIBA (01753)'s AI short drama money-printing machine proven viable?

The surge this time stems from a voluntary announcement by the company earlier in the day: DUIBA's AI short drama business recorded net profits for three consecutive months in July, August, and September, with new playback volume across the entire network exceeding 45.8 billion views in the third quarter, more than nine times the first half's total of 5 billion views.

HKEX Said to Plan Delaying T+1 Settlement Cycle to 2028; Market Participants Need More Time to Prepare

It is reported, citing sources, that due to market participants wanting more time to prepare, the arrangement to shorten the stock settlement cycle to T+1 will be delayed until 2028.

Space startup funding hits a record $20.8 billion: infrastructure bets heat up, with primary market fervor and secondary market chill coexisting.

According to a report released by global investment firm Seraphim, space startups attracted a record $20.8 billion in financing in the third quarter, with investors pouring funds heavily into launch service providers, manufacturing, and other infrastructure-related companies.

Hong Kong's first "sidecar" insurance-linked securities issuance, with a total amount of US$12 million.

PICC Property and Casualty Company issued Hong Kong's first sidecar insurance-linked securities, with a total issuance amount of US$12 million, equivalent to approximately HK$94 million, providing coverage for mainland offshore wind power insurance business through proportional reinsurance.

Preview of US Stock Market | U.S. stock index futures mixed as chip and optical communication stocks fall broadly in premarket trading; key U.S. September CPI data looms

On Wednesday, October 14, U.S. stock index futures were mixed in premarket trading.

Anti-Money Laundering Fine Hits Profits Hard: Bank of America (BAC.US) Q3 Earnings Fall 17%, Missing Expectations

Bank of America released its Q3 2026 financial report before the U.S. stock market opened on October 14.

SEAZEN (01030) cumulative contracted sales for the first 9 months amounted to approximately RMB 8.825 billion, a year-on-year decrease of 41.36%.

Seazen (01030) announces that as of September 2026, the Group had a total of 182 rental properties, with a total gross floor area of approximately 16,816,900 square meters; rental income for September 2026 was approximately RMB 1.145 billion, a year-on-year increase of 4.66%; commercial operation income was approximately RMB 1.226 billion (i.e., tax-inclusive rental income).

Metallurgical Corporation of China (01618) new contract value for the first 9 months was 519.17 billion yuan.

Metallurgical Corporation of China (01618) announced that the value of new contracts signed by the company from January to September 2026 was RMB 519.17 billion, of which the value of new overseas contracts was RMB 44.56 billion.

JINHUI HOLDINGS (00137) subsidiary plans to sell a vessel for US$14.6 million.

Jinhui Holdings (00137) announced that the seller is Jinxing Marine Inc., an indirect subsidiary in which the company holds approximately 55.69% equity. On October 14, 2026 (after the trading session of the Stock Exchange ended), it entered into the agreement with the buyer, Hengfa Shipping Limited, for the sale of the vessel at a consideration of US$14.6 million. The vessel will be delivered by the seller to the buyer during the period from October 20, 2026 to November 30, 2026.

SBP GROUP (01177): Latest research results for TQ-A3334 "TLR7 agonist" and Bepirovirsen "ASO" will be presented at the 2026 AASLD

China Biopharmaceutical (01177) announced that a clinical study result of TQ-A3334 (TLR7 agonist), a National Class 1 innovative drug independently developed by the Company's subsidiary Chia Tai Tianqing Pharmaceutical Group Co., Ltd. (Chia Tai Tianqing), has been selected as a late-breaking abstract (LBA) for the 2026 Annual Meeting of the American Association for the Study of Liver Diseases (AASLD) and will be presented as an oral presentation; Bepirovirsen (ASO), a strategic collaboration product between Chia Tai Tianqing and GlaxoSmithKline (GSK), has been selected for 2 oral presentations and 8 poster presentations (including 1 distinguished poster).

BlackRock, Inc. (BLK.US) Q3 results beat expectations, assets under management rose 15% year-over-year to a record high.

BlackRock (BLK.US) released its third-quarter 2026 results before the U.S. market opened on October 14. Quarterly revenue was $7.752 billion, up 19% year-over-year.

TAT HONG EQUIP (02153): Establishment of an unlisted commercial paper financing program and launch of the first series

TAT HONG EQUIP (02153) announced that the Company has established a SGD 50 million multi-currency multi-series unlisted unsecured commercial paper financing programme, under which the Company may from time to time issue commercial paper in multiple series.

BlackRock's GIP: Global infrastructure investment opportunities to exceed $100 trillion over the next 10-15 years, with energy and power accounting for more than half

Over the next 10 to 15 years, global infrastructure investment will present opportunities exceeding $100 trillion, with more than half of the spending likely to be directed toward energy and power-related projects.

HealthFlux Ignites the Medical World Model Wave: DIAGENS-B (02526) Imaging-Side Prototype Takes Shape

At the imaging scale, DIAGENS-B (02526) offers a two-layer solution first using a general-purpose foundation to fit images from different sources into a unified feature system, then feeding clinical application feedback back into training through a data platform.

Latest

17 m ago

Fed's Daly: Further rate hikes are likely still needed, but the timing is still being weighed.

17 m ago

Fed's Daly: There is no urgency for emergency measures at present; it is better to take time to think carefully and act prudently.

18 m ago

Fed's Daly: It is reassuring that markets have settled down after their initial strong reaction to the CPI data.

18 m ago

Fed's Daly: CPI data shows gasoline prices pushed up headline inflation, while core inflation was as expected and remains sticky. The market understands the Fed's policy response logic.

18 m ago

Fed's Daly: There is still ample time to make prudent decisions; acting hastily at this point would not be wise.

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