CBN News 2026-10-30 08:06:28

Author: Yicai Information Editor-in-Chief: Luo Yi

【Financial Calendar】

• The Bank of Japan announces interest rate decisions
• 2026 World Top Scientists Forum (Shanghai, October 30th - November 1st)
• 2026 Global Digital Commerce Conference (Shanghai, October 30th - October 31st)

According to the National Development and Reform Commission, since the adjustment of domestic refined oil prices on October 15th, the geopolitical tensions in the Middle East have escalated, leading to a significant increase in international crude oil prices. To mitigate the impact on the domestic market, the state has once again taken regulatory measures regarding refined oil prices. Based on the current pricing mechanism, starting from 24:00 on October 29th, the prices of gasoline and diesel (standard products) in China are scheduled to increase by 440 yuan and 420 yuan per ton respectively; however, taking into account the need to reduce the burden on downstream users and ensure a safe and stable supply of refined oil, the actual increases after regulation are 345 yuan and 335 yuan per ton.

The China Electricity Council released the "Analysis and Forecast Report on the National Power Supply and Demand Situation for the Third Quarter of 2026." The report shows that in the first three quarters, the total electricity consumption across the country was 8.07 trillion kilowatt-hours, a year-on-year increase of 3.9%. The country added 250 million kilowatts of new power generation capacity, of which wind and solar power generation together accounted for 170 million kilowatts of new installed capacity, accounting for 67.8% of the total new installed capacity.

The report predicts that the growth rate of national electricity consumption in the fourth quarter will rebound significantly compared to the third quarter, with the annual total electricity consumption for the whole society expected to be around 10.8 trillion kilowatt-hours, an increase of 4%-4.5% year-on-year. During the peak winter period, it is anticipated that the overall electricity supply and demand situation across the country will be balanced; however, in the event of extreme conditions such as widespread cold waves or tight supplies of primary energy, there may be shortages of electricity during peak hours in certain areas. It is expected that the addition of new power generation capacity in 2026 will exceed 350 million kilowatts, and by the end of 2026, the total national power generation capacity will reach around 4.3 billion kilowatts. Of this, non-fossil energy power generation capacity will account for about 2.7 billion kilowatts, which is approximately 63% of the total capacity; wind and solar power generation capacity will make up half of the total power generation capacity; while coal-fired power generation capacity will account for about 31% of the total.

The National Press and Publication Administration released information on the approval of online games for October, with a total of 195 online games obtaining licenses. Among them, there are 183 domestic online games and 12 imported online games, including games such as "Bukun Juanjuan Bookstore" under Tencent, "Taohua" under NetEase, "Douluo Continent: The Tenth Soul Ring" and "Xiantian Youyou" under 37 Interactive Entertainment, "Wulin Waichuan: The Seven Heroes Return" under Kaiying Network, and "Thumb Man Lord" under Youzu Network.

According to CCTV Finance, data released by the US Department of Commerce shows that in September, the US Personal Consumption Expenditures Price Index (CPI) rose 3.6% year-on-year, and the core Personal Consumption Expenditures Price Index, excluding food and energy prices, rose 3.1% year-on-year. Analysts believe that due to the impact of geopolitical conflicts in the Middle East driving up international oil prices, the increase in energy costs led to a rebound in overall inflation in September. The market is concerned to see whether companies will pass on the cost of fuel to consumers. The core CPI is the inflation indicator that the Federal Reserve (Fed) values most, as its service sector component reflects whether domestic price pressures are persistent; if this sub-item data continues to rise, financial markets will place more bets on the Fed raising interest rates by 25 basis points at its meeting in December this year.

The European Central Bank maintained the deposit facility rate, the main refinancing rate, and the marginal lending rate at 2.50%, 2.65%, and 2.90% respectively, in line with market expectations.

The three major U.S. stock indices closed lower, ending a three consecutive trading day rally. As of the close, the Dow Jones Industrial Average fell 0.25%, the Nasdaq Composite Index fell 1.38%, and the S&P 500 Index fell 0.30%.

Most leading technology stocks fell. Google Class C shares dropped by 12.29%, Amazon fell by 4.25%, NVIDIA fell by 0.80%, while Tesla and Microsoft closed slightly lower; Meta rose by 1.96%, and Apple rose by 1.48%.

Most chip stocks fell, with the Philadelphia Semiconductor Index dropping by 1.42%. Micron Technology fell by 13.24%, SanDisk and Micron Technology fell by 5.32% and 4.98% respectively, AMD fell by 2.08%, and TSMC ADR fell by 1.75%.

Hot Chinese concept stocks showed mixed gains and losses, with the NASDAQ Golden Dragon China Index rising by 0.20%. Pinduoduo rose by 2.34%, JD.com rose by 0.71%; Li Auto fell by 2.19%, Xpeng Motors fell by 1.50%, Alibaba fell by 1.41%, and Baidu fell by 1.07%.

Japanese and Korean stock markets opened lower collectively, with the Nikkei 225 index falling by 0.49%, South Korea's KOSPI index dropping by 2.99%, SK Hynix falling by nearly 6%, and Samsung Electronics falling by nearly 2%.

On the side of listed companies:

• Boying Te Welding: Plans to acquire 55% of the shares of Suzhou Luokai, stock to resume trading.
• Xinwangda: Terminates the issuance of H-share stocks and delists from the main board of the Hong Kong Stock Exchange.
• Dayang Electric: Due to a divorce dispute, the 415 million shares held by the actual controller Lu Chuping have been legally frozen.
• Kuangda Technology: Plans to invest 501 million yuan in the first phase of an electronic glass fiber material project, with a planned annual production capacity of 35 million meters of high-performance electronic fabric.
• Decolite: Plans to invest 1.2 billion yuan in the construction of the AI computing power and data center optical connection high-end product project to enhance the delivery capacity of high-end optical communication products.
• Yitang Co., Ltd.: Plans to invest 1.8 billion yuan in the construction of a semiconductor equipment manufacturing base project.
• Jiangbolong: Net profit in the third quarter increased by 437% year-on-year.
• TCL Central: Net loss of 4.556 billion yuan in the first three quarters.
• Shenghong Technology: Net profit in the third quarter decreased by 52% year-on-year and 66% month-on-month.
• Lixun Precision: Net profit in the third quarter increased by 6.98% year-on-year and 24% month-on-month.
• Mukyuan Shares: Net loss of 3.241 billion yuan in the third quarter, continuous losses month-on-month, and decline in pig prices.
• Chongda Technology: Net profit in the third quarter increased by 441% year-on-year and 315% month-on-month.
• Urgent Notice: Net profit in the first three quarters increased by 1487.24% year-on-year.
• Guangdong Core Semiconductor: Net loss of 1.401 billion yuan in the first three quarters.
• COSCO Shipping: Net profit in the third quarter increased by 80.73% year-on-year and by 128% month-on-month.
• CICC Gold: Net profit in the third quarter increased by 35.39% year-on-year, but decreased by 32% month-on-month.
• Xianglu Tungsten Industry: Net profit in the third quarter decreased by 68.49% year-on-year and by 95% month-on-month.
• Puran Shares: Net profit in the first three quarters increased by 2,533% year-on-year.
• Zhongtian Technology: Net profit in the third quarter increased by 109% year-on-year and 9% month-on-month, with rising prices for optical fibers and cables.
• Luzhou Laojiao: Net profit in the third quarter decreased by 57.03% year-on-year, but increased by 111% month-on-month.
• GigaDevice Innovation: Net profit in the third quarter increased by 729% year-on-year, but decreased by 21% month-on-month.
• Hongchang Electronics: Net profit in the third quarter increased by 2,545% year-on-year and 455% quarter-on-quarter, with increased sales volume and rising prices for copper-clad plate products.
• Zhongji Xuchuang: Plans to change the purpose of repurchasing 5.6531 million A shares to cancellation.
• Hua Hong Hong Li: The Chairman and President of the Board propose to repurchase 300 million to 500 million shares.
• Zhongwei Company: The chairman proposes to repurchase 400 million to 500 million shares.

In terms of securities firm perspectives:

• Galaxy Securities: There is pressure at the end of the performance disclosure period; those that have not yet disclosed their results should be cautious.
• Guotai Haitong: It will still take time for the index to bottom out, but value dividends are likely to continue to exceed expectations.
• CITIC Construction Investment: After the index adjustment, there is limited room for short-term decline, and it is expected to form a bottom box pattern in the short term.