A-shares evening hot topics | Trump stated he will visit China in early next year, Ministry of Foreign Affairs responds

1. The Ministry of Commerce speaks out! Concerns about export control Importance: On October 20th, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations Ling Ji presided over a policy interpretation roundtable meeting for foreign-funded enterprises in Beijing, with representatives from over 170 foreign-funded enterprises and foreign business associations in attendance. Ling Ji stated that when specific product standards are subsequently introduced, we will strictly abide by the law and regulations, ensure transparency and fairness, and welcome suggestions and opinions from all parties, including foreign-funded enterprises. Regarding export control issues, Ling Ji emphasized that China's implementation of export control on relevant items is a responsible act dedicated to maintaining world peace and regional security and stability, fulfilling international obligations on non-proliferation, while also approving compliant trade in accordance with the law to safeguard the stability of the global industrial chain and supply chain. 2. Foreign investments latest statement, optimistic about the value of asset allocation in China Importance: Morgan Stanley's Chief China Equity Strategist Wang Ying stated that from the perspective of global investors' overall portfolio, the allocation of Chinese equities assets is still relatively low. In the long run, the further increase in global investors' holdings of Chinese assets will be the trend. 3. Trump says he will visit China early next year, Ministry of Foreign Affairs responds Importance: At the routine press conference of the Ministry of Foreign Affairs on October 21st, a reporter asked about Trump's statement that he will visit China early next year. What is the Ministry of Foreign Affairs' response to Trump's remarks? Regarding issues related to summit diplomacy, spokesperson Guo Jiakun emphasized that summit diplomacy plays an irreplaceable strategic guiding role in Sino-US relations, and the heads of state of China and the US maintain close communication and exchanges. 4. A weighty document on the construction of the artificial intelligence industry is released Importance: On October 21st, the General Office of the People's Government of Guangdong Province publicly released the "Action Plan for Empowering Manufacturing Industry with Artificial Intelligence in Guangdong Province (2025-2027)." The action plan sets forth sixteen contents in four aspects: enhancing the key supply of industrial artificial intelligence, promoting the scale application of industrial artificial intelligence, constructing the support system for industrial artificial intelligence, and optimizing the guarantee of industrial artificial intelligence elements. 5. Regarding computing power, the Ministry of Industry and Information Technology solicits opinions openly Importance: The Ministry of Industry and Information Technology publicly solicits opinions on the "Guidelines for the Construction of the Computing Power standard system (2025 version) (Draft for Comments)," proposing the revision of 50 or more standards related to basic general-purpose, computing facilities, computing equipment, network integration, computing interconnection, computing platform, computing application, computing security, green and low-carbon computing by 2027, effectively promoting the construction of the computing power standard system. 6. Active fund movements, these positions lead in popularity Importance: On the 21st, Henan Dayou Energy increased by 6 consecutive limit up trading days, becoming the current highest limit up target, with the stock price rising by 103.8% in nearly 8 days. In the Dragon and Tiger List of Henan Dayou Energy on the 21st, Shanghai Stock Connect, commonly used by quantitative traders, and commonly used by speculative traders appeared on its buy list. As of October 20th, nearly 300 stocks have appeared on the Dragon and Tiger List this month, with a larger number of stocks in the electronics, machinery equipment, non-ferrous metals, and power equipment sectors. 7. Gold prices suddenly plummet, precious metals market broadly tumbles, what's the situation? Importance: In the afternoon of October 21st Beijing time, international gold prices suddenly plummeted in mid-trading session, with both spot gold and gold futures falling by over 2%. Silver futures plunged even more violently, dropping by over 6% at one point. On the 20th, as the market anticipated further interest rate cuts by the Federal Reserve and strong safe-haven demand, gold prices hit a new high. Market analysis suggests that the retreat on the 21st was mainly due to profit-taking by investors. 8. Agricultural Bank of China soars for the 13th consecutive day, Price-to-Book Ratio exceeds 1x mark! What signal does this convey? Importance: On October 21st, the "leader" of recent bank stocks, Agricultural Bank of China, surged again, with A-share prices hitting a new high and a daily K-line closing with a 13-day consecutive increase. Recently, led by Agricultural Bank of China, bank stocks are receiving positive signals of valuation repair. Last week, Agricultural Bank Of China's A-share Price-to-Book Ratio (PB) exceeded the 1x mark, breaking the long-term trend of state-owned banks trading below book value. Analysts believe that the high dividend yield of quality assets combined with stable performance is attracting capital inflows. Currently, dividend assets like banks are experiencing a new round of "value discovery." 9. U.S. stock market showing divergence, Chinese stock index falls by over 1% The U.S. stock market is showing divergence, with the three major indexes performing differently. As of 10:00 PM, the Dow Jones Industrial Average is up by 0.13%, the Nasdaq Composite is down by 0.32%, and the S&P 500 is down by 0.11%. On the market, popular Chinese stocks are collectively declining, with the Nasdaq Golden Dragon China Index falling by over 1%, and component stocks such as Nio, Baidu, Alibaba, JD.com, Beike, and Tiger Brokers falling by over 2%, with several others falling by over 1%. The gold and silver stocks in the U.S. market are plummeting, with Newmont Corporation down by over 17% and Hecla Mining down by over 11%. 10. Multiple European leaders: Negotiations should start from the current front line of Russia-Ukraine The Elysee Palace released a joint statement by multiple European leaders on the Ukraine issue, stating strong support for U.S. President Trump's position on Ukraine, namely an immediate ceasefire between Russia and Ukraine with the current front line as the starting point for negotiations. 11. Cryptocurrency market sees a sharp decline, analyst predicts Bitcoin may fall to $70,000 in the future On the 21st, the cryptocurrency market saw a sharp decline, with Bitcoin plunging by $3,000, dropping from $110,500 to $107,500; Ethereum fell by over 5%, breaking below the $3,900 mark; BNB, Solana, Cardano, Hyperliquid, and others all experienced a collective plunge. Recently, Elliott Wave Theory analyst Jon Glover, known for precise market predictions, issued a warning that Bitcoin is entering a bear market and could potentially fall to $70,000 or lower in the future. From the investment opportunities that the market is paying attention to, there is a focus on the consumer sector, among other things. 12. Guangzhou: Vigorously developing sports consumption The General Office of the People's Government of Guangzhou issued the implementation plan for the special action to boost consumption in Guangzhou. It includes a strong focus on developing sports consumption. Preparing well for the 15th National Games and the Guangzhou races of the Special Olympics, and hosting major events such as the World Athletics Relay and the Guangzhou Marathon. Huachuang Securities pointed out that in terms of sports employment, in 2020, the proportion of sports practitioners in China is about 0.15% of the employed population, lower than that of the UK and the US (about 0.5%) and Japan, South Korea, and France (0.2%-0.3%). In terms of the economic boost from events, looking at some countries or regions, the higher the economic impact of the event, the relatively higher the employment impact. By inference, the current employment impact of sports events in China may still have room for improvement. Additionally, the following sectors are also worth paying attention to: 13. Tourism | Ministry of Culture and Tourism: Domestic residents made 4.98 billion trips in the first three quarters, a year-on-year growth of 18%. 14. Energy storage | Energy storage cell prices remain high; the industry expects top manufacturers to maintain high production levels until next year. For positive announcements, investors should pay attention to Wens Foodstuff Group distributing 3 yuan for every 10 shares, and for negative announcements, observe Guangdong Guanghua Sci-Tech and its secretary receiving a warning letter for revealing undisclosed information during an online securities conference. Positive announcements: 1. Wens Foodstuff Group: The profit distribution plan for the first three quarters is to distribute 3 yuan for every 10 shares. 2. Sharetronic Data Technology: Plans to purchase servers from multiple suppliers not exceeding 4 billion yuan to provide cloud computing services for customers. 3. Hydsoft Technology: The anti-monopoly review for the acquisition of the equity of Bao De Computing has been approved. 4. Hubei Biocause Heilen Pharmaceutical: Non-BuSerta tablets received a drug registration certificate. 5. China Telecom Corporation: Net profit for the third quarter was 7.756 billion yuan, a year-on-year increase of 3.60%. 6. Zhuhai Zhumian Group: Intends to transfer 100% of Gree Real Estate equity to Tuojie Holdings, expected to constitute a major asset restructuring. Negative announcements: 1. Guangdong Guanghua Sci-Tech: The company and the secretary received a warning letter for revealing undisclosed information at an online securities conference. 2. Tianjin Ruixin Technology: Net profit for the third quarter was 7.6087 million yuan, a decrease of 32.32%. 3. Ciwen Media Co., Ltd.: Net loss of 4.3259 million yuan in the third quarter, a decrease of 52.87%. 4. Anhui Tuoshan Heavy Industries: Xu Yangshun intends to reduce holdings by 2.82%. 5. Shenzhen CECport Technologies: State Integrated Circuit Fund reduced holdings of 3.0197 million shares of the company's stock. 6. Suzhou Dongshan Precision Manufacturing: Net profit for the third quarter was 465 million yuan, a year-on-year decrease of 8.19%. This article is reprinted from "Tencent Self-selection Stock," GMTEight Editor: Xu Wenqiang.