【Market Tracking】Over 3,000 "professionals" adjust their positions. The top candidate enjoys a return exceeding 300% on a single stock. 　　【Headline News】 　　U.S. Considering Imposing 100% Tariff on Chinese Goods, China Responds 　　On October 15, Chinese Foreign Ministry spokesperson Lin Jian held a regular press conference. 　　A reporter asked: The U.S. Trade Representative stated on October 14 that the U.S. might impose 100% tariffs on goods imported from China as early as November 1, depending on China's next steps in the rare earth dispute. What is China's response to this? 　　Lin Jian said: The competent authority of China has clarified its position on the export control policy of rare earths. China implements export controls on relevant items in accordance with the law to better maintain world peace and stability, fulfill international obligations like non-proliferation, and this is consistent with international practices. 　　China's stance has been consistent and clear. It is the U.S. that talks while simultaneously threatening and intimidating with high tariffs and new restrictions; this is not the right way to engage with China. We urge the U.S. to correct its mistakes promptly and resolve the relevant issues through dialogue and negotiation based on equality, respect, and mutual benefit. 　　Trump Considers Retaliation Against China, China Responds 　　On October 15, Chinese Foreign Ministry spokesperson Lin Jian held a regular press conference. 　　A reporter asked: President Trump has accused China of stopping imports of U.S. soybeans and indicated he is considering halting imports of cooking oil from China as retaliation. What is China’s comment? 　　Lin Jian: China’s position in handling Sino-U.S. economic and trade issues has been consistent and clear. There are no winners in a trade war or tariff conflict; it does not serve the interests of either side. Both parties should negotiate resolutions based on equality, respect, and mutual benefit. 　　UK Sanctions 11 Chinese Entities, Chinese Embassy in the UK Responds 　　On October 16, a spokesperson from the Chinese Embassy in the UK responded to reporters regarding the UK's sanctions against Chinese entities. 　　Reporter: On October 15, the UK government announced sanctions against certain entities and individuals from various countries, including 11 Chinese entities, citing support for Russian energy entities and key supply items for Russia's military industry. What is your comment on this? 　　Embassy spokesperson: The UK’s sanctions are unilateral actions without basis in international law, harming the legitimate rights and interests of Chinese enterprises. China firmly opposes this and has made solemn representations to the UK. 　　EU Aims to Force Chinese Companies to Transfer Technology to European Firms, Foreign Ministry Responds 　　A reporter asked about the EU's consideration to compel Chinese companies to transfer their business to European firms. What is China's comment? 　　Lin Jian stated that China supports Chinese and European companies in conducting trade and investment cooperation based on market principles, achieving mutual benefits, and opposes any violation of World Trade Organization rules, forced technology transfers, interference in normal business activities, and protectionist discriminatory practices in the name of increasing competitiveness. 　　Ministry of Commerce Responds to China’s WTO Complaint Against India's Electric Vehicle and Battery Subsidy Measures 　　On October 15, the Ministry of Commerce reported that China requested consultations with India in the WTO regarding India's subsidy measures for electric vehicles and batteries. India’s related measures allegedly violate multiple obligations regarding national treatment and constitute import substitution subsidies prohibited by the WTO. These measures confer an unfair competitive advantage to Indian domestic industries, harming China’s interests. China will take resolute measures to safeguard the legitimate rights and interests of domestic industries. 　　The spokesperson noted that recent trade measures taken by India have drawn widespread attention from WTO members due to suspected violations. We urge India to adhere to its commitments within the WTO and promptly rectify its erroneous practices. 　　Major Data Released! Social Financing Increases Over 30 Trillion, M1-M2 "Scissors Difference" Hits Yearly Low 　　The latest financial statistics have been released. On October 15, the People's Bank of China (PBoC) published its financial statistics report for the first three quarters of 2025. 　　In the first three quarters of 2025, China’s RMB loans increased by 14.75 trillion yuan, RMB deposits rose by 22.71 trillion yuan, and the total social financing scale exceeded 30.09 trillion yuan. As of the end of September, the balance of RMB loans was 270.39 trillion yuan, the broad money (M2) balance was 335.38 trillion yuan, and the total social financing stock stood at 437.08 trillion yuan, reflecting an 8.7% year-on-year increase. 　　Overall, China's loan scale maintained reasonable growth, with credit structure ongoing optimization. From indicators like year-on-year growth rate of stock social financing and M2, it appears that current monetary policy is effectively adjusting in a countercyclical manner. Analysts suggest that there is ample space for somewhat accommodative monetary policy, alleviating concerns of high inflation too early. 　　On October 15, RMB Hits a New High of 7.0995, Sending Strong "Stabilizing" Signal 　　The central parity rate of the RMB against the USD conveyed a strong "stabilizing" signal. 　　On October 15, the RMB central parity rate against the USD was reported at 7.0995, adjusted up by 26 points, marking the first rise above 7.10 since late October last year. 　　Following the guidance of the central parity, the spot RMB exchange rate showed an appreciating trend. On October 15, the onshore RMB opened up over 140 points against the USD, reported at 7.1270; the offshore RMB against the USD surged by about 200 points during the day. 　　Core CPI for September Hits 1% Increase for the First Time in 19 Months 　　On October 15, data released by the National Bureau of Statistics indicated that the Consumer Price Index (CPI) for September decreased by 0.3% year-on-year but rose by 0.1% month-on-month; the Producer Price Index (PPI) decreased by 2.3% year-on-year and remained flat month-on-month. Notably, the core CPI excluding food and energy prices registered a year-on-year increase of 1.0%, marking the first return to this level in 19 months, with this increase expanding for five consecutive months; meanwhile, the PPI year-on-year decline narrowed by 0.6 percentage points compared to the previous month, also showing a continuous decline. 　　Doubling Charging Service Capacity! Six Departments Deploy to Enhance Electric Vehicle Charging Infrastructure 　　On October 15, the National Development and Reform Commission announced that it, along with five other departments, has formulated the "Three-Year Doubling Action Plan for Electric Vehicle Charging Facility Service Capacity (2025-2027)," outlining goals and action paths for charging facility development in the near future to contribute to establishing a high-quality charging facility system supporting the development of the new energy vehicle industry. 　　The action plan aims to bolster consumer confidence through a continued improvement of the charging network and efficiency, quality of service, and innovation in the industrial ecosystem, promoting broader adoption of electric vehicles. By the end of 2027, China plans to establish 28 million charging facilities nationwide, providing over 300 million kilowatts of public charging capacity to meet the charging demands of over 80 million electric vehicles, thereby doubling charging service capacity. 　　Gold Prices Skyrocket! Exceeding $4,200, Domestic Gold Jewelry Hits 1,235 Yuan per Gram! 　　On October 15, gold prices surged again. 　　As of the time of writing, London spot gold has surpassed $4,200, quoted at $4,205.54 per ounce, setting a new historical high. The rise in gold prices prompted domestic gold jewelry prices to rise sharply as well. On October 15, the price of 24K gold jewelry from Chow Tai Fook increased from 1,215 yuan per gram to 1,235 yuan per gram, a jump of 20 yuan overnight; Chow Sang Sang's gold jewelry price rose from 1,213 yuan to 1,227 yuan, increasing by 14 yuan; Lao Feng Xiang's gold price rose from 1,206 yuan to 1,230 yuan, a rise of 24 yuan overnight. 　　Official Report on Cai Guoqiang's Fireworks Show Investigation: Party Secretary of Jiangzi County Dismissed, Arc'teryx Bear Responsibility for Ecological Restoration 　　In September this year, the outdoor brand Arc'teryx collaborated with artist Cai Guoqiang, known for his explosive artworks, to launch a fireworks display in the Himalayas, which sparked controversy. 　　Subsequently, Arc'teryx and Cai Guoqiang each issued apologies. 　　The Shigatse Municipal Government in Tibet released a report regarding the investigation and handling of Cai Guoqiang's fireworks event. Relevant administrative departments have instituted legal proceedings against Beijing Cai Guoqiang Art Studio for suspected violations, while the sponsor “Arc'teryx” is legally responsible for corresponding ecological damage compensation and restoration efforts. 　　Trump: "Disappointed" in Putin, Claims He Doesn’t Want to End the Conflict 　　As reported by DPA on October 14, ahead of Ukrainian President Zelensky's forthcoming visit to Washington, U.S. President Trump expressed his deep disappointment with Russian leader Vladimir Putin. 　　Trump stated to reporters at the White House: "I am very disappointed because I had a very good relationship with Vladimir, and I probably still do. I don't know why he continues this war." 　　Trump claims that Putin does not genuinely want to end the conflict with Ukraine, which has lasted over three and a half years. The U.S. president also remarked: "I think it reflects badly on him. He could have ended this conflict, and he could have done so quickly." 　　What APP to Use for Stock Trading? The SINA Finance App Partners with More than a Dozen Securities Firms to Offer Convenient Stock Account Opening Services, One-Click Access to Brokerage Managers for Real-Time Assistance. SINA Finance App Provides Millisecond-Level Real-Time Market Services with Intelligent Alerts to Notify You of Key Price Breakthroughs and Monitor Stock Price Dynamics. The App Offers 24/7 Global Financial Market News Coverage, Free Level-2 Market Data, and Various Technical Analysis Tools for Stock Investment. Simply Connected with Weibo, You Can Follow Market Views From Economists, Fund Managers, and Securities Analysts in Real-Time. 　　【Topic Company】 　　"Rumors" Drive Stock Price Limit Up, Sanhua Intelligent Control Clarifies: False! Over 7 Billion Funds Pursued After High 　　On the evening of October 15, Sanhua Intelligent Control issued an announcement regarding unverified market rumors, stating that the company has recently noticed a significant number of online media reports about receiving large orders for robots. Upon verification, the company clarifies: the rumors of receiving large robot orders are not factual; the company has no material undisclosed matters; and on October 15, 2025, the company did not receive any media interviews. 　　In the afternoon, Sanhua Intelligent Control's stock price quickly surged, eventually reaching the limit-up level. The transaction volume reached 11.98 billion yuan. According to data from Wind, the transaction volume of those chasing after a rise exceeding 5% amounted to as high as 7.3 billion yuan. 　　"Where Are We Going, Dad?" Host Li Rui Becomes Vice President, Secures 1.2 Billion Yuan Order in Dubai 　　Who would have thought that Li Rui, the village head who shouted "assemble!" in "Where Are We Going, Dad?" would now be a vice president of a tech company, securing a 1.2 billion yuan order in Dubai! 　　On October 12, Hunan TV host Li Rui posted: "Today is another proud day as a Chinese, the world’s leading flying car has taken flight in Dubai and received orders for 600 units." He also shared photos with several members of the Dubai royal family. 　　Xinkailai's "C Position Debut" Subsidiary Achieves Major Breakthrough! Domestic Semiconductor Equipment Breaks Through Collectively 　　The "new surprises" from Xinkailai are not lithography machines but new-generation ultra-high-speed real-time oscilloscopes and domestic EDA software showcased by its subsidiary. 　　On October 15, the Guangdong-Hong Kong-Macau Greater Bay Area Semiconductor Industry Ecological Expo (referred to as "Bay Chip Expo") opened in Shenzhen. Securities Times reporters learned on-site that Xinkailai exhibited 16 types of equipment products, including film deposition and etching equipment, although no new products were launched during their exhibition. Meanwhile, its subsidiary, Wanlianyan, introduced a new generation of ultra-high-speed real-time oscilloscopes, with another subsidiary, Qiyunfang, launching two types of domestic EDA design software. 　　It is understood that the domestic semiconductor equipment sector is currently breaking into market share through a "group breakthrough" strategy, with many companies adopting multi-product line layouts to form an "army-style combat system," allowing for a multi-point explosion that disrupts overseas equipment's systemic monopoly and accelerates the localization process of semiconductor equipment. 　　【Industry Hot Spots】 　　Northbound Capital Increases Holdings in Electronics Sector by 23% in Q3 　　More than 5% of A-share Companies Trading Below Book Value, 46 Stocks Undervalued with Good Performance 　　Quantum Technology Continues to Strengthen in October with Significant Increases in Financing for Concept Stocks 　　Institutions Intensively Research Apple Supply Chain Companies 　　Solid-State Battery Materials Achieve Several Key Breakthroughs, Accelerating Industrialization 　　【Market Dynamics】 　　A-shares: On October 15, the three major A-share indices rose collectively. By the close, the Shanghai Composite Index reported 3,912.21 points, an increase of 1.22%, with a transaction volume of 961.55 billion yuan; the Shenzhen Component Index reported 13,118.75 points, an increase of 1.73%, with a transaction volume of 1,111.31 billion yuan; the ChiNext Index reported 3,025.87 points, an increase of 2.36%, with a transaction volume of 488.64 billion yuan. Among sectors, automotive manufacturing, airport shipping, and electric grid equipment saw prominent gains, while port shipping, small metals, agriculture, and forestry sectors faced the biggest declines. 　　Hong Kong Stock Market: On October 15, Hong Kong's three major indices significantly expanded their gains in the afternoon. The Hang Seng Technology Index surged by 2.57%, reclaiming the 6,000-point mark, while the Hang Seng Index and the State-owned Enterprises Index increased by 1.84% and 1.89% respectively, with the Hang Seng Index set to push back above 26,000 points; all three indices ended their consecutive decline streak. The rebound led by large technology stocks, which had previously retreated, included Alibaba rising nearly 4%, Baidu nearly 3%, and JD, Kuaishou, Xiaomi, Meituan, and NetEase each gaining more than 1.5%. Heavy machinery stocks saw significant gains, with China National Heavy Duty Truck rising nearly 11%, and Zoomlion and SANY International increasing over 5%; steel, building materials, and aviation stocks remained strong throughout the day, with China Eastern Airlines gaining over 9%, and China National Building Material, Western Cement, Ansteel, and Maanshan Iron and Steel climbing over 7%. Popular sectors including insurance, semiconductors, gold, automotive, and domestic brokerages all registered gains. 　　U.S. Stocks: At 3 AM Beijing time on October 16, U.S. stocks closed mixed on Wednesday. The Dow slightly declined, falling 17.15 points, or 0.04%, to 46,253.31 points; the Nasdaq increased by 148.38 points, or 0.66%, to 22,670.08 points; the S&P 500 index rose by 26.75 points, or 0.40%, to 6,671.06 points. 　　European Stocks: European stock markets rose, with the STOXX Europe 600 index gaining 0.6% by the close in London. The French CAC 40 index increased by 2%, boosted by Prime Minister Élisabeth Borne winning crucial support from the Socialist Party in the National Assembly, significantly raising the chances of her government surviving two no-confidence votes on Thursday. 　　【Market Strategy】 　　With periodic disclosures of third-quarter reports from listed companies, institutions believe that the effectiveness of prosperity-driven investments is improving. In the upcoming period, advantageous sectors will continue to be a vital variable guiding market structure. 　　According to research from Industrial Securities, since September, most industries experiencing upward adjustments in profit expectations are concentrated in: AI (games, computer equipment, communication equipment, components), advanced manufacturing (motorcycles, aerospace equipment, domestic appliance components, batteries, medical services), cyclical industries (non-ferrous, glass fiber, steel, agricultural chemical products), consumer sectors (beverages, dairy products, agriculture, jewelry), and finance (brokerages, insurance, city commercial banks). Conversely, sectors that have seen relatively low gains since September are concentrated in advanced manufacturing, consumption, cyclical, AI computing power, and finance. 　　Zhongyuan Securities asserts that due to the low base last year, it is anticipated that most industries will witness a rebound in profit growth in this year’s third-quarter reports, further bolstering market confidence. Household savings are gradually shifting towards capital markets, forming a consistent influx of incremental funds. The market is set to breed new investment opportunities during fluctuations, with suggested focus on seizing opportunities in the A-share market during structural optimization. 　　【New Stock Subscription】 　　None 　　【Announcement Express】 　　【Hot Topics】 　　Sanhua Intelligent Control: Rumors of Receiving Large Robot Orders Are Not Factual 　　【Performance】 　　Tailin Microelectronics: Net profit for the first three quarters expected to increase by 118% year-on-year, with explosive growth in AI products on the client side. 　　Hesheng New Materials: Net profit for the first three quarters expected to increase by 60%-80% year-on-year. 　　Chuan Investment Energy: Electricity generation completed from January to September increased by 16.76% year-on-year. 　　China Southern Airlines: Passenger turnover in September increased by 5.25% year-on-year. 　　Air China: Passenger turnover in September increased by 5.6% year-on-year. 　　Spring Airlines: Passenger turnover in September increased by 22.87% year-on-year. 　　Meinian Onehealth: Net profit for the first three quarters expected to increase by 70.51%-151.7% year-on-year. 　　Jin Gu Shares: Net profit for the first three quarters expected to increase by 23.57%-85.35% year-on-year. 　　Guanghua Technology: Net profit for the first three quarters year-on-year growth of 1233.7%. 　　【Increased or Decreased Holdings】 　　Huizhi Micro: Major shareholder Big Fund Phase II plans to reduce holdings by no more than 1% of the company’s shares. 　　Jintuo Shares: Shareholders plan to collectively reduce holdings by no more than 2.95% of the company’s shares. 　　Shuhua Sports: Controlling shareholder and others plan to collectively reduce holdings by no more than 3% of the company’s shares. 　　Feirongda: Controlling shareholder and its concerted actors plan to reduce holdings of no more than 2.3553% of the company’s shares. 　　【Buyback】 　　Heng Ming Da: Plans to repurchase shares worth 200 million - 400 million yuan. 　　【Contract Wins】 　　Mingxin Xuteng: Received targeted interior materials development from a new energy vehicle client, with total sales of approximately 650 million yuan. 　　Dangsheng Technology: Signed a strategic cooperation framework agreement with Boyuan Co., focusing on diversified cooperation around sulfide solid electrolyte systems. 　　【Equity Changes】 　　Zhongtai Automobile: Holding shareholder changed from Jiangsu Shen Shang to no controlling shareholder. 　　Shouchuang Securities: Shareholder Shouchuang Group’s 3.56% equity will be transferred without charge to Beijing Investment Company. 　　【Major Investments】 　　China Ruilin: Plans to invest 30 million yuan to establish the Jiangxi Tungsten Mining Fund. 　　Hua Gong Technology: Subsidiary plans to invest 15.9 million yuan in the Ruiyuan Hairun Fund, focusing on next-generation superhard materials, thermal materials, advanced manufacturing, and energy industries. 　　【Mergers and Acquisitions】 　　Longjiang Transportation: Plans to acquire 100% equity of a water transport company, which owns a hydropower plant. 　　Naar Shares: Plans to acquire at least 51% equity of Feilai Testing, with the transaction expected to be valued around 350 to 400 million yuan. 　　【Refinancing】 　　Borui Pharmaceuticals: Terminated the 2024 A-share issuance to specific objects and withdrew the application documents.