Zhitong Hong Kong stocks have known for a long time | The National Standing Committee first proposed improving the capital market stabilization mechanism, and the central bank of China's gold reserves “increased 24 times in a row”

[Today's headlines]

National Assembly: Improving the capital market stabilization mechanism and enhancing stability within the stock market

The executive meeting of the State Council stated that it is necessary to continuously resolve risks in areas such as local government debt and small and medium-sized financial institutions. Improve the capital market stabilization mechanism, enhance stability within the stock market, and promote the stable and healthy development of the capital market. Strengthen supply and price stability and assistance for people in need, speed up rehabilitation and reconstruction in disaster-stricken areas, and do a good job of resettlement and livelihood security for people affected by the disaster. It is necessary to carefully study next year's economic work ideas, strengthen the New Year's Eve policy interface, and promote the continued improvement of the economy.

[General outlook]

The Nasdaq China Golden Dragon Index closed up 1.67%

Overnight, the Dow Jones Industrial Average fell 237.33 points from the previous trading day, or 0.46%, to close at 51285.73 points; the S&P 500 stock index rose 23.13 points, or 0.31%, to close at 7376.86 points; and the Nasdaq Composite Index rose 264.42 points to close at 24579.42 points, or 1.09%. Last week, the NASDAQ index fell 3.37%, the S&P 500 index fell 2.68%, and the Nasdaq 100 index fell 4.91%.

The US stock “Big Seven Tech” had mixed ups and downs. Tesla rose 4.18%, Nvidia rose 2.87%, and chip stocks rebounded. The Philadelphia Semiconductor Index rose more than 4%, AMD rose more than 11%, Cerebras rose more than 9%, Intel rose more than 7%, TSMC rose more than 6%, and Qualcomm and Asmack rose more than 5%.

Most Chinese securities rose, and the Nasdaq China Golden Dragon Index closed up 1.67%. The Hang Seng Index ADR rose. On a proportional basis, it closed at 24492.82 points, up 10.96 points or 0.04% from the Hong Kong closing.

WTI crude oil futures on the New York Mercantile Exchange fell 0.01 US dollars in the same month to 90.51 US dollars per barrel, a decrease of 0.01%. COMEX gold futures fell by $38.20, or 0.93%, to $4075.3 per ounce during the month.

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The Federal Reserve's Daly is still inclined to further tighten policy

San Francisco Federal Reserve Chairman Mary Daly said on Friday that she expects the Federal Reserve will still need to raise interest rates further to curb continued high inflation. However, given the uncertainty of the economic outlook, the timing and magnitude of future interest rate hikes remains to be seen. In an interview on the same day, Daly said, “My expectation is that we will have to further tighten our monetary policy.” At the same time, she stressed that it is currently impossible to determine exactly when interest rates will be raised or how large the rate hike will be, and the Federal Reserve needs to comprehensively consider the various economic variables that are constantly emerging.

The State Administration of Radio, Film, and Television deployed a new round of special management of vulgarization and homogenization of short dramas

The reporter learned on the 6th that in response to problems such as the mixed quality of AI short dramas and AI technology fueling a rebound in vulgar and bad content, the State Administration of Radio and Television recently deployed a new round of special control work on the vulgarization and homogenization of short dramas. The management period is two months, from November 1 to the end of December.

The central bank of China's gold reserves “increased 24 times in a row”

According to official reserve asset data released by the Central Bank of China on the 7th, gold reserves were 78.3 million ounces at the end of October, an increase of 830,000 ounces compared to 77.47 million ounces at the end of September. This is the 24th consecutive month that the central bank has increased its gold holdings. Liu Ying, a researcher at the Chongyang Institute of Finance at Renmin University of China, analyzed that the central bank of China has three considerations for increasing its gold holdings.

Huaxin Construction Materials (06655) plans to acquire 99.99% of the shares of Brazil's National Steel and Cement Company for US$1,642 billion

Huaxin Construction (06655) announced that on November 7, 2026, the buyer (the company) and the seller Brazil Steel Company (independent third party) signed an equity acquisition agreement. According to this, on the basis of the agreement's corporate value of BRL 12.7 billion (equivalent to about US$2,308.5 billion), the buyer conditionally agreed to the acquisition, and the seller was conditional to sell 99.99% of the target company Brazilian National Steel and Cement Company. The total cost is estimated to be about R $9,033.7 billion (equivalent to approximately US$1,642 million, adjusted based on the net debt and working capital of the financial statements on the delivery date).

After the acquisition is completed, the target company will become a holding subsidiary of the Company, and the target company's financial results will be incorporated into the Company's financial accounts.

CGN's 750,000 kilowatt wind power project in Jiminai County is connected to the grid at full capacity and put into operation

According to CGN Group, on November 7, CGN's 750,000 kilowatt wind power project in Jimunai County, Montenegro was connected to the grid at full capacity and put into operation. The project is located in Jimunai County in the Altay region of Xinjiang. It has a total installed capacity of 750,000 kilowatts, installed 75 wind turbines with a stand-alone capacity of 10 megawatts, built a 220 kV wind power gathering station, and connected to the grid using a 220 kV transmission line to the 750 kV substation in Kanas of the State Grid. It involves the Hong Kong stock CGN Power (01816).

China Aluminum (02600) subsidiary plans to sign an EPC general contracting contract with China Alcoa International for a contract price of about 6.555.7 billion yuan

China Aluminum (02600) issued an announcement that on November 6, 2026, after review and approval at the 18th meeting of the 9th board of directors of the Company, China Aluminum Guinea Co., Ltd. (Chinalco Guinea), a subsidiary of the Company, intends to enter into a design, procurement and construction (EPC) general contract (EPC general contract) with China Alcoa International Engineering Co., Ltd. (Chinalco International) (as the contractor). Based on this, Chinalco Guinea plans to hire Chinalco International to provide EPC services for the Guinean alumina project located in the Bofa region of the Republic of Guinea. The EPC general contracting contract is a fixed total price contract. The contract price is approximately RMB 6,555.7 billion. Other than the adjustments agreed in the terms of the contract, the contract price will not be adjusted.

Guichuang Tongqiao (02190) plans to indirectly take a stake in Xianjian Technology (01302) to establish a vascular intervention platform at a simultaneous premium of about 13.5% and increase H shares with a net raise of about HK$864 million

Zhitong Finance App News, Guichuang Tongqiao (02190) announced that on November 6, 2026, Xianjian Technology (01302.HK) plans to issue about 926 million shares of the target company to Lighthouse SPV, accounting for 16.7% of the total number of shares issued by the target company after allocating and expanding the issuance of Xianjian shares, at a total cost of about HK$1,482.1 billion; the company plans to subscribe for Lighthouse shares, accounting for approximately HK$1,482.1 billion; the company plans to subscribe for Lighthouse SPV shares, accounting for approximately the issued shares of Lighthouse SPV after the expansion of the distribution and issuance of Lighthouse shares 60.0% of the total number of shares, at a cost of approximately HK$889.3 million. After the proposed transaction is completed, the company will (i) indirectly hold approximately 16.7% of the voting rights of Xianjian Technology (01302) through its 60.0% stake in Lighthouse SPV; and (ii) indirectly hold approximately 10.0% of the actual interest in Xianjian Technology (01302).

China Alcoa International (02068) plans to enter into an EPC general contract for the alumina project in Guinea

As the contractor, Chinalco Guinea plans to hire the company to provide EPC services for the Guinean alumina project located in the Bofa region of the Republic of Guinea. The EPC general contracting contract is a fixed total price contract. The estimated contract price is approximately RMB 6.556 billion. Other than the adjustments agreed in the terms of the contract, the contract price will not be adjusted.

Tianyu Semiconductor (02658) plans to acquire about 7% of Zhejiang Dongni Electronics shares for 400.1 million yuan

According to Zhitong Finance App, Tianyu Semiconductor (02658) announced that on November 6, 2026, the company signed a share transfer agreement with Mr. Shen Xinfang. According to this, the company conditionally agreed to the acquisition, and the seller conditionally agreed to sell the target company's 16.271,000 A shares, accounting for about 7% of its total issued share capital. The total cash cost was RMB 400.1 million, equivalent to sales of RMB 24.59 per share.

Fuzhikang Group (02038)'s profit of US$66.985 million increased 59.16% year-on-year in the first three quarters

Fuzhikang Group (02038) announced results for the first three quarters. The group obtained operating income and other operating income of US$5.636 billion, an increase of 7.78% over the previous year; profit for the period was US$669.85 million, an increase of 59.16% over the previous year.

[Individual stock prices are clear]

JD Health (06618): The number of products connected to AI has doubled compared to 618 this year

At the 2026 JD Global Science and Technology Explorers Conference AI Health Forum, the JD Health (06618) medical device business focused on releasing the latest results of the “AI+ Medical Devices” strategy upgrade, continuing to work in the three directions of product innovation, professional services and omni-channel expansion to build a full-cycle health management system covering monitoring and analysis, intelligent intervention and professional services.

Since this year, JD Health has comprehensively upgraded its “AI+ medical device” strategy, implanting a “high emotional intelligence brain” into medical device products through the integration of JoyInside to achieve functions such as superhuman dialogue, adaptation for all ages, and high coordination of words and actions. Up to now, the number of medical device products equipped with JD Health's AI capabilities has doubled compared to the 618 period this year.

On November 6, during the 9th China International Import Expo, JD Health and Merck reached a strategic cooperation. Priority will be given to JD Health for the launch of new drugs in the next three years.

In August, CICC released a research report stating that considering the continued improvement in the company's overall profit output, JD Health (06618) 2026 and 2027 non-IFRS net profit was raised by 5%/3% to 67.3/7.01 billion yuan. Keep the company's target price of HK$66.2 unchanged (67.5% upside), and maintain an outperforming industry rating.