Finance 2026-10-27

Market snapshot

Macro & policy

Finance news

1. 43,000-yuan ‘red line’ proves ineffective as polysilicon prices still fail to rise

Jiemian News reports that polysilicon prices remain below the 43,000 yuan/tonne “red line,” which has proved ineffective. Weak market fundamentals leave little room for price increases.

Source: 界面新闻

2. Fifth Plenary Session of the 20th CPC Central Committee Opens in Beijing

The Fifth Plenary Session of the 20th Central Committee of the Communist Party of China has opened in Beijing. It is one of the party’s highest-level regular gatherings; its agenda and outcomes have yet to be released.

Source: 财新

3. US Premarket: Stock Futures Rise, Meta Up Nearly 1%

US stock index futures rose in premarket trading, while Meta shares gained nearly 1%. No further details were provided.

Source: 第一财经

4. Double 11 Enters Its 18th Year as AI Rewrites the Logic of Buying and Selling

As Double 11 marks its 18th year, Jiemian News reports that AI is reshaping e-commerce, rewriting how buyers and sellers interact across product recommendations, pricing and customer service during the shopping festival.

Source: 界面新闻

5. Anthropic IPO rekindles AI sentiment; US stocks rebound, chip index up nearly 3%, Treasuries and oil slip

News of Anthropic’s IPO revived enthusiasm for artificial intelligence, lifting US stocks and pushing a chip index up nearly 3%. Treasuries and oil prices fell in tandem as risk appetite improved.

Source: 华尔街见闻

6. Intel to Acquire Israeli Unicorn Classiq; CEO Lip-Bu Tan Says It Will Build Full-Stack Quantum Computing Business

Intel announced it will acquire Israeli quantum computing unicorn Classiq. CEO Lip-Bu Tan said the move aims to build a full-stack quantum computing business spanning hardware and software. The deal value was not disclosed in the report.

Source: 华尔街见闻

7. From Wall Street to Silicon Valley, Anthropic IPO poised to have massive ’trickle-down effect’

With the AI trade sputtering and interest rates rising, Anthropic’s IPO has taken on outsized importance. The offering is expected to have a massive trickle-down effect from Wall Street to Silicon Valley.

Source: CNBC Markets

8. Bank of Japan is expected to hold rates this week — but stay hawkish: CNBC survey

A CNBC survey found all respondents expect the Bank of Japan to hold rates this week while setting the stage for a hike in December or January, as inflation and wages keep rising.

Source: CNBC Markets

Filings & research

Company filings (CNINFO, titles in Chinese)

• 中瑞股份：2026年半年度报告摘要（更正后）
• 中瑞股份：2026年半年度报告（更正后）
• *ST天宜：2026年前三季度业绩预告的自愿性披露公告
• 泛亚微透：泛亚微透2026 年前三季度业绩预告的自愿性披露公告
• 山外山：2026年前三季度业绩预告的自愿性披露公告
• 药易购：《2026年半年度报告》（更新后）
• 药易购：《2023年年度报告》（更新后）
• 药易购：《2025年年度报告》（更新后）

Research notes

1. Morning Research Views: Brokerage Morning Meetings and Research Reports - Stockstar

The page is only a section listing titled ‘Morning Research Views / Brokerage Morning Meetings / Research Reports’ on Stockstar, with no actual report content, data or commentary. No substantive market or stock views can be summarized.

Source: 券商研报

2. Macro Weekly: Q3 GDP Grows 4.5%

A macro weekly published by Securities Star reports that GDP grew 4.5% year-on-year in the third quarter. The report reviews broader macroeconomic conditions to help investors gauge the economic outlook.

Source: 券商研报

3. Macro Weekly: Behind the Hold Lies the Risk of Another Rate Hike

A macro weekly report argues that holding rates steady does not signal an end to tightening, as the risk of another rate hike remains. Markets should not interpret the pause as a policy pivot.

Source: 券商研报

4. Macro Weekly (3rd Week of October): AI Financing Worries Lift Global Risk Aversion

A macro weekly from Securities Star for the third week of October says growing concerns over AI-related financing have strengthened global risk aversion. The report reviews the macroeconomic backdrop and capital flows.

Source: 券商研报