On October 7, the State Administration of Foreign Exchange released data on the size of foreign exchange reserves at the end of September 2023. Data show that as of the end of September 2023, the scale of China's foreign exchange reserves was 3115.1 billion US dollars, down 45 billion US dollars from the end of August, a decline of 1.42%. According to the data updated on the official website of the Administration of Foreign Exchange on the same day, as of the end ... 阅读全文

Although there is still some uncertainty in the current 10-year US bond yield, we believe that there is a certain risk of inverted cause and effect in judging US stocks through the changes in US bond yield (we believe that the fall of US bonds may be the result of the rise of US stocks). Therefore, regardless of the uncertainty of US Treasury yields, looking at the fundamental and technical signals, we still prefer to go long stocks. In terms of Hong Kong stocks, ... 阅读全文

Investors are now piling into short-term US government debt to wait out the volatile period caused by a spike in long-term yields, according to a senior Goldman Sachs executive. Lindsay Rosner, head of cross-asset investing at Goldman Sachs, said this week's auction of 52-week notes at 5.19 percent was 3.2 times oversubscribed, the highest demand so far this year. "Investors are saying, 'I'm getting a much higher yield at the top of the curve,'" she said in an int ... 阅读全文

Within a month, Buffett cut meat again... On Thursday, local time, Warren Buffett's Berkshire Hathaway company filed a filing with the US Securities and Exchange Commission (SEC), showing that the company recently sold about 3.07 million shares of HP stock for about $80.4 million. It is worth noting that this is the second time in a month that Berkshire has reduced its stake in HP. Meanwhile, Berkshire's stake in HP has fallen below 10% following the sale. This m ... 阅读全文

The United States auto workers strike entered its fourth week on the 7th local time, United Auto Workers President Fine and other union leaders held a rally in Chicago, calling on union members to continue the strike and pressure automakers. Fein did not disclose the new progress of the union's negotiations with the automaker. A day earlier, the United Auto Workers union said that because GM and Stelandis agreed to make certain concessions, negotiations have made ... 阅读全文

[$425 billion debt Mount Tai: High interest rates are aggravating US corporate default fears!] Friday's strong U.S. nonfarm payrolls report further increased the likelihood that the Federal Reserve will raise interest rates again this year, while also hurting credit markets already hurt by years of soaring yields. The strength of the US Labour market raises the possibility that the Federal Reserve will not cut interest rates next year - a big headwind for US compa ... 阅读全文

On Saturday, Federal Reserve Governor Michelle Bowman reiterated her view that U.S. inflation remains too high despite "considerable" progress in bringing it down, and the central bank may need to tighten monetary policy further. "I expect it will likely be appropriate for the (Fed) to raise rates further and keep them at restrictive levels for some time to bring inflation back to its 2 percent objective in a timely manner." Bowman said in a prepared speech. "I re ... 阅读全文

Legendary investor Jeremy Grantham, who predicted three market bubbles, warned again over the weekend that the Standard & Poor's 500 index could plunge 50 percent, predicted a decline in U.S. home prices and sounded the alarm about a recession.

Beijing Business Daily News (reporter Liu Xiaomeng) On October 8, Tesla Wukesong Wanda Plaza Experience Store and Tongzhou Tesla Center opened at the same time. Different from Tesla's previous store style in Beijing, the two new stores adopt "cyberwind" and "industrial wind" respectively. Whether it is the cyber element highlighting the full sense of futuristic science and technology, or the "replica" exhibition of Tesla Gigafactory, it can bring more comprehensiv ... 阅读全文

China Economic Net, Beijing, October 8 (reporter Zhang Yi) On October 7 news, Tianye check App shows that recently, ideal automobile's Beijing Car and home information Technology Co., LTD., Beijing Rockwell Technology Co., LTD., Beijing car and home Auto Technology Co., LTD., Beijing car North Technology Co., LTD., industrial and commercial changes, Li Xiang resigned the legal representative, manager, Both were succeeded by Feng Weili. At present, Li Xiang still s ... 阅读全文

Shenzhen: By 2025, the added value of the new energy industry will reach 100 billion yuan, and the revenue of the intelligent connected automobile industry will reach 200 billion yuan On October 7, Shenzhen Municipal People's Government issued the Notice on printing and distributing Shenzhen Carbon Peak Implementation Plan. We will promote the development of green and low-carbon industrial clusters. We will actively develop green and low-carbon industrial clusters ... 阅读全文

China Galaxy released a research report on October 08 that gave the social service industry a recommended (maintain) rating. Sector performance: In September, the social service industry rose or fell by -3.7%, lagging behind the CSI 300 index by 1.7pct, ranking 26th among all 31 industries. Among them, the rise and fall of each sub-sector are: tourism and scenic spots (-1.7%), hotel and catering (-2.2%), professional services (-3.6%), education (-7.3%). Key Announ ... 阅读全文

1. Ideal Automobile (HK2015, stock price: HK $135.100, market value: HK $286.68 billion) : Recently, Ideal Automobile's Beijing Car and home Information Technology Co., LTD., Beijing Rockwell Technology Co., LTD., Beijing Car and home Auto Technology Co., LTD., Beijing Car North Technology Co., LTD., industrial and commercial changes, Li Xiang resigned the legal representative, manager, Feng Weili took over. At present, Li Xiang still serves as the executive direc ... 阅读全文

State Administration of Administration: the competent departments of official vehicles at all levels should increase the use of new energy vehicles According to the State Administration of Management on October 7, from September 26 to 27, the State Administration of Management held a meeting on the promotion of new energy vehicles in Xiongan New Area, Hebei Province and the National official vehicle management work forum. The meeting stressed that the competent a ... 阅读全文

21st Century Business Herald reporter He Hongyuan reports from Beijing The Chinese market has become the ballast stone of Nike's performance. Nike recently released a quarterly report for the fiscal year 2024 (June 2023 - August 2023), the current period, Nike revenue of $12.94 billion, adjusted for exchange rate growth of 2%. NIKE brand revenue was $12.4 billion, up 3 percent on a currency-adjusted basis, driven primarily by growth in Europe, the Middle East and ... 阅读全文

Russian President Vladimir Putin said in a statement that Wagner Group founder Yevgeny. Grenade fragments have been found among the bodies of victims of the crash in which Yevgeny Prigozhin was killed, suggesting the crash was caused by an explosion inside the plane. Prigozhin was killed in August when the Embraer plane carrying him and other senior members of Wagner's paramilitary group crashed after taking off from Moscow. Mr. Putin's comments on Thursday were c ... 阅读全文

South Korea's telecom regulator plans to fine Alphabet's (GOOG) Google and Apple Inc. (AAPL) a combined $51 million for allegedly abusing their market dominance and violating the country's mobile payment regulations. The Korea Broadcasting and Communications Commission said Friday that the two U.S. tech giants had forced app developers to use their in-app payment methods instead of those of external competitors. Google and Apple were also found to have unfairly de ... 阅读全文

Auction houses around the world have been counting on rising Chinese collectors to bid up art prices regardless of the turmoil in financial markets, but a disappointing Sotheby's auction in Hong Kong for an art collection owned by one of China's richest couples suggests that could change. Sotheby's on Thursday sold 39 pieces from the collection of Shanghai real estate and pharmaceutical billionaire Liu Yiqian and his wife Wang Wei for a total of $70 million, well ... 阅读全文

Some foreign executives are now afraid to travel to China. Their main fear was that they might be barred from leaving the country. The Chinese government's harsh treatment of foreign companies this year and its imposition of exit bans on some bankers and executives have heightened concerns about travel to the mainland. Some companies are cancelling or postponing trips. Other companies have maintained normal travel schedules but added new safeguards, including tell ... 阅读全文

Jon Fosse won The Nobel Prize in literature "for his innovative drama and prose that express the ineffable experience of life." The Swedish Academy credited Foser with combining its strong linguistic and geographical ties to Norway with the modernist approach pioneered by writers such as Samuel Beckett, Thomas Bernhard and Georg Trakl. "While Foser shared the same negative views as his predecessors, it cannot be said that his uniquely Gnostic worldview led to a ni ... 阅读全文