Evening hotspots in A-shares | Draft regulations on public fund performance benchmark comparison rules will be released.

1. Related to Mergers and Acquisitions! Shenzhen's heavy release Importance: The Shenzhen Local Financial Regulatory Bureau and other departments have issued a notice on the issuance of the "Shenzhen Action Plan for Promoting High-Quality Development of Mergers and Acquisitions (2025-2027)." It proposes striving for comprehensive improvement in the quality of listed companies in the jurisdiction by the end of 2027, with the total market value of listed companies at home and abroad surpassing 20 trillion yuan and nurturing 20 companies with market values in the hundreds of billions. It also encourages social capital to participate in mergers and acquisitions and supports Corporate Venture Capital (CVC) to conduct mergers and acquisitions based on enhancing technological advantages around key links in the industrial chain. 2. Public Fund Performance Benchmark Rules Draft Will be Released Importance: According to the 21st Century Business Herald on October 22, the China Securities Investment Fund Association is about to release a draft of rules for public fund performance benchmarks for consultation. Some public offering professionals analyze that the introduction of performance benchmark rules means that the Fund Industry Association may simultaneously release multiple performance benchmarks for fund managers to choose from based on the characteristics of their products. This benchmark will become the core standard for evaluating whether fund managers outperform their peers and create excess returns. Subsequent compensation for fund managers and the selection of important industry awards will also be closely tied to the excess returns they achieve. At the same time, once the performance benchmark is selected, it will be binding and cannot be changed at will. 3. Trump says he expects to reach a trade agreement with China, Foreign Ministry responds Importance: On October 22, Foreign Ministry spokesperson Guo Jiajun presided over the regular press conference. A journalist from Agence France-Presse asked about the comments made by U.S. President Trump, who said he expects a trade agreement to be reached between China and the U.S. at the APEC summit next week, but he said it is not certain that the leaders of China and the U.S. will meet. What is China's comment on this? Guo Jiajun said that the diplomatic exchanges between the leaders of China and the U.S. play an irreplaceable strategic guiding role in Sino-U.S. relations, and the leaders of the two countries maintain close exchanges and communications. "Regarding the specific issue you mentioned, I currently do not have any information to provide." 4. Huge Move for Hongmeng! Opens public testing on October 22 to connect with Apple's ecosystem Importance: After months of developer version testing, the new generation Hongmeng operating system, Hongmeng 6, is officially released, starting a large-scale public test for the first batch of over 90 models. The most anticipated highlight is undoubtedly the file transfer function between Hongmeng and Apple devices. Yu Chengdong, Executive Director and Chairman of Huawei's Terminal BG, said, "Hongmeng 6 will enable cross-ecosystem connectivity, support data exchange with Apple's iOS, iPadOS, and macOS devices without using data, allowing for rapid data transfer near field, breaking device boundaries, and making data flow more freely." 5. Guosen's Xun Yugen: Current A-share fundamentals are starting to improve, and the market is far from over Importance: Guosen's Chief Economist Xun Yugen recently stated that this round of stock market trend started on September 24, 2024, with the market opening during a long adjustment period when emotions were at a low point. This stock market trend started with a combination of monetary, real estate, and capital market policies, combating deflation and expanding domestic demand through proactive fiscal policies and moderately loose monetary policies. He believes that the market is far from over. 6. Micro-pan stock index hits a new high again, the mechanical sub-category is active, these targets are sought after by funds Importance: On October 22, the micro-pan stock index showed activity, with a cumulative increase of nearly 4.9% by the end of trading, as calculated by the Wind Micro-pan stock index. 7. Gold and silver plunge to a high level, how will the market move in the future? Institutions: The bull market in gold is not over yet On October 21, London spot gold plummeted from historical highs, dropping by as much as 6.7% during the day and closing with a 5.33% decrease. In terms of percentage decline, this is the largest single-day drop since August 2020. It is worth noting that gold plunged $232 per ounce in a single day, setting a new historical record. The sharp drop in this round of precious metals has attracted market attention regarding whether it is a short-term adjustment or whether the top has already been reached. Some market views believe that the rise in gold began with the Russia-Ukraine conflict, and the end of the gold rally will likely start with the end of the Russia-Ukraine conflict. However, most institutions believe that the bull market in gold is still far from over, with potential for upward movement in the medium to long term. This text was reprinted from "Tencent Self-Selection Stocks", edited by Xu Wenqiang for GMTEight.