Finance 2026-11-05

Market snapshot

Shanghai turnover: CNY 328.9bn

Macro & policy

Finance news

1. Kao responds to Sofina online store closure, denies exiting Chinese market

Kao responded to the closure of Sofina’s online stores and denied rumors that it is exiting the Chinese market. The response came after the store closures sparked speculation about its China business.

Source: 界面新闻

2. NextDC shares surge 43% after Goodman, Digital Realty stake purchases

NextDC shares jumped more than 40% on Thursday morning after Goodman Group and Digital Realty moved to acquire up to a 9.9% stake in the Australian data centre operator.

Source: CNBC Markets

3. Senate Flips, White House Can No Longer Install Loyalists: Is the Fed Independence Alarm Over?

After control of the U.S. Senate changed hands, the White House faces greater difficulty placing loyalists at the Federal Reserve, easing market concerns about the central bank’s independence. The shift could affect future monetary policy and appointments.

Source: 华尔街见闻

4. Midterms End, Oil Prices Plunge! Will the Market’s ‘Ceasefire Expectations’ Come True?

Oil prices fell sharply as the US midterm elections concluded, with markets betting on a possible de-escalation of geopolitical conflict. Whether this “ceasefire trade” will actually pay off remains uncertain.

Source: 华尔街见闻

5. Former China Railway Construction Group Party Standing Committee Member Li Xinglong Under Investigation

Li Xinglong, former member of the Party Standing Committee of China Railway Construction Group, has been placed under investigation, according to Caixin Global. No further details were disclosed in the available report.

Source: 财新

6. Market Open: Both A-share Markets Open Lower, Shanghai Composite Down 1.07%

Both major A-share markets opened lower today, with the Shanghai Composite Index down 1.07% at the open. The move reflects a weaker start for major Chinese stock benchmarks.

Source: 财新

7. No Detours, No Transfers: 35-Minute Direct Ride to the ‘Four-Leaf Clover’—How Fast Is the CIIE Express?

First Financial’s ‘One Probe’ examines the CIIE direct shuttle, which reaches the National Exhibition and Convention Center—known as the ‘Four-Leaf Clover’—in 35 minutes without detours or transfers. The report highlights the route’s efficiency and event transport service.

Source: 第一财经

8. Shanghai silver main contract surges 7%

The main Shanghai silver futures contract surged 7%, according to Yicai. The move highlights sharp price volatility in the domestic silver market.

Source: 第一财经

Filings & research

Company filings (CNINFO, titles in Chinese)

• 卓越新能：卓越新能2026年半年度报告（更正版）
• 广咨国际：2026年半年度报告摘要（更正后）
• 广咨国际：2026年半年度报告（更正公告）
• 广咨国际：2026年半年度报告（更正后）
• 一汽解放：2026年半年度报告（英文版）
• 立讯精密：立讯精密工业股份有限公司2026年年度业绩预告
• 广咨国际：2025年年度报告摘要（更正后）
• 广咨国际：2025年年度报告（更正公告）

Research notes

1. Research Morning Views — Brokerage Morning Meeting Reports (Securities Star)

The item contains only the page title of Securities Star’s “Morning Research Views” brokerage morning-meeting reports column, with no body text, analyst views or data. No substantive news can be summarized.

Source: 券商研报

2. After the Midterms, Is an Era of Strict AI Regulation Arriving?

A Financial Street (JRJ) piece examines whether US midterm election results will usher in a stricter era of AI regulation, focusing on how the political shift could reshape tech oversight policy.

Source: 券商研报