• China is in a forward position in digital innovation, supported by its huge millennial population and consumer trends such as the sharing economy, augmented reality (AR) and virtual reality (VR): UBS
  • Japan’s Fujitsu said on Thursday it is in talks to merge its struggling PC business with Chinese computer giant Lenovo
  • The overnight pledged repo rate in China’s inter-bank market fell 6.7 bps to 2.1272%, the 7-day rate was down 26.99 bps to 2.3925%; the 14-day one was down 31.43 bps to 2.7728%
  • Dalian’s iron ore futures rose 3.7% to 493.5 yuan as of 10:12 Beijing time, the highest level since August 2014
  • Activity in China’s manufacturing sector may have shown mild expansion in October, adding to evidence of more stability even as weak demand continues to hamper some factories: Reuters poll
  • The Ministry of Finance said the total investment of China’s PPP projects has exceeded 12 trillion yuan
  • Guo Song, an official within China’s SAFE, said exchange rate fluctuations will not hinder the country’s reform progress to push forward for the yuan’s convertibility under capital accounts; SAFE will study and explore a series of measures in the future, such as cross-border asset transfer, and improving domestic foreign exchange loan management: Economic Daily
  • The Shanghai index closed 0.03% higher by the midday break, while the Shenzhen index lost 0.27% and the ChiNext index shed 0.25%