New energy vehicles achieved a record high in retail sales in October, with a consecutive four-month market share of over 50%. China Association of Automobile Manufacturers: Expected to grow nearly 40% for the whole year.

①Caixin reporter's statistics show that in October, 14 A/H-listed vehicle companies achieved year-on-year growth, with 10 companies accounting for over 70%. ②Cui Dongshu predicts that the domestic sales volume of new energy passenger vehicles in the fourth quarter is expected to be 3.55 million units, a 39% year-on-year increase. The cumulative sales volume in 2024 is expected to be 10.68 million units, a 38% year-on-year increase.

cls.cnNov 8 05:05 ET

Semiconductor Manufacturing International Corporation: Consumer broad categories downstream market rebounds, layout power device production capacity in response to new demand | Direct hit earnings conference

①Zhao Haijun, of semiconductor manufacturing international corporation, stated that the price of some 12-inch nodes is good, the product mix is optimized, and the average selling price of the company rose quarter-on-quarter in the third quarter; ②It is expected that about 0.03 million pieces of 12-inch monthly production capacity will be released in the fourth quarter, at which time the capacity utilization rate and shipments will decrease; ③semiconductor manufacturing international corporation will accelerate the layout of power device capacity to fully support the development of the automotive industry and new energy markets.

cls.cnNov 8 05:00 ET

Express News | China has approved an a 6 trillion yuan ($839 billion) program to refinance local government debt, aiming to support its slowing economy. Offshore RMB exchange rate falls to 7.180.

Moomoo 24/7Nov 8 03:17 ET

Brokerage morning meeting highlights: China's semiconductor industry's domestic market demand and self-controllable direction are clear.

At today's brokerage morning meeting, citic sec believes that the domestic market and self-controllable direction are clear development directions for China's semiconductor industry; gtja pointed out that the improvement in domestic demand is expected to continue to heat up, highlighting the elasticity of baijiu; htsc stated that bank performance is expected to stabilize, seizing structural opportunities.

cls.cnNov 7 19:44 ET

Netease gaming sector suspected of corruption, internet giants continue anti-corruption campaign.

① Netease has not responded to the investigation into multiple executives being taken away for alleged corruption in Netease games circulating on the internet. ② Due to the platform nature and large scale of the enterprise, as well as complex relationships, in recent years, internet technology companies have increased their efforts in internal anti-corruption measures, adopting a 'zero tolerance' policy towards any corrupt behavior.

cls.cnNov 7 18:46 ET

Hong Kong Follows Fed With Rate Cut in Boost for Economy

BNN BloombergNov 7 18:31 ET