The RMB reached a two-month low on Monday, pressured by rising US Treasury yields and a depreciating yen. The yen fell 1% to a three-month low, and Japan's ruling coalition lost its majority in the House of Representatives for the first time since 2009. In other news, China's social logistics grew by 5.6% year-on-year in the first three quarters, and BRICS countries are accelerating standardization to eliminate trade barriers.

China's Council for the Promotion of International Trade criticizes US and EU economic restrictions, violating WTO rules. Meanwhile, Beijing's industrial enterprises saw a 19.1% year-on-year profit increase in the first three quarters.

In the third quarter, the civil aviation industry received 200 million passengers, showing a positive trend. The Agricultural Bank of China has provided over 30 billion yuan in loans to key grain areas. Policies for soybean processing subsidies and reserve purchases are planned. 48,000 old urban communities were renovated nationwide. The e-port visa pilot will expand to all of Shanghai Pudong.

EY China Chairman highlights China's significant role in the global financial system, noting its leading position in banking assets, stock, bond, and insurance markets. President Xi Jinping returns to Beijing after attending the 16th BRICS Summit. Other domestic news includes Charles Schwab's observations on China's newly wealthy, the opening of a 24-hour self-service government center in Hengqin, and insurance companies focusing on product innovation. Internationally, the US Baltimore bridge collision freighter agrees to $102 million in compensation, Musk's net worth surges, and Morgan Stanley appoints Ted Pick as Chairman.

IBM reported a Q3 net loss of $330 million, leading to a post-market stock drop. QFII investments favored non-ferrous metals, basic chemicals, and agriculture. Foreign institutions are actively researching and investing in A-shares, focusing on electronics, chemicals, and machinery sectors.

The Central Meteorological Observatory issued a blue warning for Typhoon Tanmei, which is approaching the Philippines. Meanwhile, the 'Swap Facility for Securities, Funds, and Insurance Companies' has been quickly implemented, boosting stock market activities. Xie Chuntao led a CPC delegation to Denmark, and China's representative opposed unilateral coercive measures at the UN. Qualcomm and Google are collaborating on automotive AI products, with Mercedes-Benz set to use Qualcomm chips.

The peak season for copper consumption is advancing, potentially driving copper prices higher in Q4. Qualcomm unveiled a new smartphone chip with improved performance. China's Ambassador for Disarmament highlighted severe challenges in international nuclear disarmament. The Fed's Schmid leans towards slowing interest rate cuts. Tesla faces a lawsuit over alleged copyright infringement during the Cybercab press conference.

New funds are expected to accelerate their entry into the market as the 6-month opening period approaches. Private equity research is in full swing, with the consumer sector becoming a new favorite. The impact of new tools in the capital market on the bond market is moderate, and a fire at Shanghai Hongqiao Airport was suspected to be caused by a power bank.

The A-share market experienced significant fluctuations, magnifying the risk of equity arbitrage strategies. Several banks' wealth management subsidiaries announced the early termination of products. The LPR is expected to see a 20 basis point reduction in October, aligning with macroeconomic policies. Chinese and Russian naval ships arrived in Qingdao after completing a joint exercise.

Panda bond issuance has surpassed last year's total, with a 27.4% increase. The second batch of CSI A500 index funds is set to launch, and balanced allocation remains a key strategy for investment advisors in Q4.

Equity fund issuance is accelerating, with new funds quickly building positions. Mergers and acquisitions (M&A) policies are boosting the enthusiasm of listed companies to establish industrial funds. The scale of private asset management by securities firms reached 5.75 trillion yuan, and the 'private placement + public offering' model is gaining momentum. Pig prices are expected to remain range-bound in Q4 due to improved demand.

Chinese equity ETFs attracted more than $5 billion in a single week, while the global smartphone market grew by 5% in the third quarter, achieving four consecutive quarters of growth. Insurance funds show long-term optimism and a willingness to increase allocation on low positions. Nvidia's stock price hit a record high, driven by strong AI demand.

The bond market is gradually stabilizing, and Chinese equity funds witnessed a record weekly inflow of nearly $40 billion for the second consecutive week. The Eastern Theater launched the 'Joint Sword-2024B' exercise, and Guangzhi Technology plans to acquire 100% of Pioneer Electric Technology Co., Ltd.

The CSI A50 ETF has paid dividends three times this year, with a cumulative dividend rate of 1.98%. The bond market is showing signs of stabilization after recent declines, but uncertainty remains regarding potential fiscal policies. The 2024 Global National Assessment Capacity Conference will be held in Beijing, and the national railway has increased coal transportation capacity. Internationally, tensions between Israel and Lebanon continue, with Germany promising military support to Ukraine.

China's domestic news includes Wang Yi's talks with Colombia's Foreign Minister, the completion of Henan's autumn harvest, and the world's largest floating offshore wind turbine launched. Internationally, the Fed's interest rate cut probability is high, and tensions between Israel and Iran are escalating.