A-shares evening hot topic | Major news on China-US tariffs! Both sides temporarily suspend some export controls

1. China-US Economic and Trade Consultations Reach Multiple Consensus Achievements The importance: The spokesperson for the Chinese Ministry of Commerce stated during a joint press conference on the China-US Kuala Lumpur Economic and Trade Consultations on the 30th that the US will cancel the 10% so-called "fentanyl tariff" imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macau Special Administrative Region), and the 24% retaliatory tariff imposed on Chinese goods will continue to be suspended for one year. China will adjust its countermeasures against the above-mentioned tariffs imposed by the US accordingly. Commentary: After waiting for so long, the detailed rules have finally been announced. Overall, it can be summarized as follows: the US is retracting some of the sanctions imposed this year, and China is reciprocating by retracting some of its countermeasures. The overall results are significant, providing both sides with time to continue negotiations and offering relief to the real economy and exports which have seen a rebound in the Hong Kong stock market. 2. Five Ministries: Improving Duty-Free Shop Policies Starting on November 1st to Support Consumer Recovery The importance: Recently, the Ministry of Finance, Ministry of Commerce, Ministry of Culture and Tourism, General Administration of Customs, and State Taxation Administration issued a notice to improve duty-free shop policies starting from November 1st, 2025, aiming to further leverage duty-free shop policies to support consumer recovery, encourage the return of overseas consumption, attract foreign visitors for inbound consumption, and promote the healthy and orderly development of duty-free retail business. Commentary: It's no wonder that China Tourism Group Duty Free Corporation has been on a continuous rise for several days. As Self-Selected Brother has discovered, this is preparing to simultaneously launch the three leading sectors of technology, consumption, and foreign trade to drive economic health. After all, none of these sectors alone is in the best state. What do you think? 3. Expected to Drive Project Total Investment Exceeding 7 Trillion Yuan New 500 Billion Yuan Policy Financial Instruments Completed According to Xinhua News Agency's report on Thursday, the 500 billion yuan new policy financial instruments have all been put into operation, providing strong support for the construction of key areas and weak links, with a project total investment expected to exceed 7 trillion yuan. 4. CSRC Approves Moore Thread Science and Technology Innovation Board's IPO Registration Application According to the CSRC website, Moore Thread Intelligent Technology (Beijing) Co., Ltd.'s Science and Technology Innovation Board IPO registration application was approved on October 30, 2025. Moore Thread, established in 2020, is dedicated to providing computing acceleration platforms for high-performance computing fields such as AI, digital twins, and scientific computing, with its independently developed full-function GPU as the core. At the beginning of the "14th Five-Year Plan" period, the plan proposed strategic requirements for breakthroughs in the integrated circuit industry chain. Moore Threads successful registration is a reflection of the deep coordination between the capital market and industrial innovation. Commentary: Besides Moore Thread, other well-known high-tech companies like Muxi Stock and Yushu Technology are also lined up for listing, and related companies that are invested in or cooperating are expected to benefit! What do you think, stock friends? 5. CMSC Raises Margin Trading Scale Limit from 150 Billion to 250 Billion CMSC's latest announcement shows that the Board of Directors has agreed to raise the company's margin trading and securities lending business scale limit from 150 billion yuan to 250 billion yuan. As of now, this year, CMSC, Industrial, Zheshang, Shanxi, and ChinaLin have all raised their margin trading and securities lending business scale limits. Industry analysts believe that many securities firms have raised the scale limit of margin trading business based on the hot demand for margin trading in the market. Commentary: Brokerages are increasing market leverage again! The reason given is that the margin trading business in the A-share market is hot, with a scale exceeding 2.5 trillion yuan. This move by CMSC is equivalent to an additional 100 billion in volume, a real boost. However, why have the recent performance of brokerage stocks been so erratic? When they rise, they don't lend any support, but when they fall, how come they accelerate the "leakage" like this? 6. G7 to Establish Critical Mineral Alliance: Foreign Ministry Response During a routine press conference on October 30th, a reporter asked at the Foreign Ministry that the Group of Seven (G7) is about to announce the establishment of a Critical Mineral Production Alliance to counter China's dominant position in the market. What is China's response to this? In response, spokesperson Guo Jiakun stated that China's regularization and improvement of its export control system are in line with international practices and aim to better maintain world peace and regional stability and fulfill international obligations such as non-proliferation. "We urge the Group of Seven to abide by market economy principles and international economic and trade rules, stop disrupting the international economic and trade order with small circle rules, and jointly maintain the stable development of the world economy," Guo Jiakun said. 1. The US Stock Market Performance Varies, Meta Falls Over 11% on Financial Results Below Expectations The three major indices in the US stock market showed mixed performances. As of 22:00, the Dow rose by 0.44%, the Nasdaq fell by 0.5%, and the S&P 500 index fell by 0.17%. In terms of individual stocks, Meta fell by over 11%, with net profit for the third quarter at $2.7 billion, far below analyst expectations. The company plans to raise at least $25 billion through bond issuance. Google rose nearly 5%, with third-quarter revenue, profit, and annual capital spending guidance all exceeding analyst expectations, with double-digit percentage growth in multiple major businesses. Microsoft and Tesla fell by over 2%. Most popular Chinese concept stocks fell, with the Nasdaq Golden Dragon Index falling by over 1.5%. 2. Is There No Chance for Interest Rate Hikes This Year? Bank of Japan Dovish Tone Intensifies Yen Downturn Bank of Japan Governor Kitaro Wakamiya stated on Thursday that the Bank of Japan's decision to maintain the benchmark interest rate is not at risk of lagging policy, which led to the continuous rise of the US dollar against the Japanese yen to its highest level since mid-February. The Japanese stock market failed to hold onto intraday highs, with the Topix index rising by 0.7% and the Nikkei 225 index barely rising to set a new historical high. 3. Trump Announces US Will Restart Nuclear Tests: Democratic Lawmakers Vow to Stop According to reports from the media under People's Daily, on October 30th, US President Trump announced via social media upon visiting Korea that he had ordered an immediate restart of US nuclear tests. Trump's remarks on Wednesday quickly drew condemnation from Democratic lawmakers, including those from Nevada. Developmental priorities such as pensions are among the significant markets to watch: 1. China Banking and Insurance Regulatory Commission: Increase Support for the Health Industry, Pension Industry, and Silver Economy On October 30th, the office of the China Banking and Insurance Regulatory Commission issued a notice to promote the sustainable and healthy development of pension financial services, increasing funding support. It supports financial institutions to invest in high-quality long-term assets that match the characteristics of pensions, participate in national major projects and construction in appropriate ways, and increase support for the health industry, pension industry, and silver economy. An analysis report by Ping An Securities pointed out that according to institutional calculations, the scale of China's pension industry will reach 9 trillion yuan in 2022, and around 2024 or so, it may enter a turning point in the pension industry. In 2025, the scale of the pension industry is expected to exceed 12 trillion yuan. This means that the pension industry is expected to enter an explosive period in the next few years, with the market demand in sub-sectors such as pension supplies, pension healthcare, pension entertainment, and pension finance in the silver economy expected to further release. China's pension characteristics are gradually evolving from a single demand to a multi-layered, stratified demand, while the supply presents a trend towards scaling up and professionalizing. Other sectors worth watching: 1. Siasun Robot & Automation: Beijing Vice Mayor Jin Wei: The Beijing-Tianjin-Hebei region will nurture projects with industrial driving force in more areas at Siasun Robot & Automation. 2. Gold: Global gold demand reached a new high in the third quarter, with a 47% surge in investment and $26 billion in ETF inflows. 3. Apple Concept: iPhone 17 series expanded production, blogger claims supply chain orders have surged. In terms of slightly positive announcements, Self-Selected Brother recommends paying attention to The People's Insurance's year-on-year increase in net profit for the first three quarters and more; as for slightly negative announcements, be aware of LONGi Green Energy Technology's third-quarter loss and more.