According to the Shanghai Securities Research Report, the communications sector has achieved positive growth in revenue and net profit to mother for many years, and the fundamentals have been improving steadily. Communications industry policies continue to be introduced, focusing on key national development areas, such as computing power infrastructure and supporting optical networks, satellite Internet construction and terminal applications, IoT technology development and ecosystem construction, etc., to seize industrial investment opportunities. Recommended attention: 1) High performance (computing power, optical module): AI computing power drives simultaneous growth in demand for optical modules, clear product upgrade logic, focus on: Zhongji Xuchuang, etc.; 2) High catalysis (satellite Internet): low-orbit satellite Internet enters the networking stage, the commercialization process accelerates, focus on: Xinwei Communications, etc.; 3) Marginal improvement (sea cable): Haifeng's bidding progressed smoothly in the first half of the year. Project approval is expected to accelerate, and the industry boom is about to reach an inflection point, follow: Hengtong Optoelectronics, etc.; 4) High dividend (operator) The company operates steadily, capital expenditure is reduced, profit levels are raised, and dividends are maintained. Focus: China Mobile, etc.; 5) Sufficient potential (6G): Driven by accelerated technical standards, clear promotion schedule, broad prospects for commercialization in various fields. Focus: Starnet Ruijie, etc.

Local time on October 16, Secretary of the Party Committee and Chairman Song Hailiang of China Energy Construction held talks in Madrid with CEO Juan Santamaria of the Spanish company ACS, conducting in-depth exchanges on practical cooperation in areas such as wind power, energy storage technology, and datacenter energy solutions, and reaching broad consensus.

On the evening of October 16, Chongqing Rural Commercial Bank (referred to as 'Chongqing Rural Commercial Bank') issued a notice announcing that Chairman Xie Wenhui resigned from all his positions at the bank due to job transfer. At the same time, to ensure the continued standardized operation of the bank, the bank elected President Sui Jun to temporarily perform the duties of the chairman until a new chairman is appointed and qualified. It was noted that Xie Wenhui accompanied the leaders of the Chongqing Municipal Party Committee two days ago to research Chongqing's largest state-owned asset platform, Chongqing Yufu Holdings Group Co., Ltd. (referred to as 'Yufu Holdings'). Subsequent market speculation about Xie Wenhui taking up the position of Chairman of Yufu Holdings gradually emerged. However, the chairman position remains vacant on Yufu Holdings' official website. On the evening of October 16, reporters called Yufu Holdings for verification, and the other party did not deny it, indicating that an announcement will be made later, please pay attention to the recent announcements. (Huaxia Times)

As shown on the official website of CM Bank, on October 18, the bank lowered the RMB deposit interest rates, with the current deposit interest rate reduced to 0.1%, and the rates for three-month, six-month, one-year, two-year, three-year, and five-year fixed deposits being 0.80%, 1.00%, 1.10%, 1.20%, 1.50%, and 1.55% respectively.

Google announced on October 17th local time that Prabhakar Raghavan, the senior executive in charge of search engines and advertising products, will step down after leading the company's core profit business for four years, to take on a new role as Chief Technology Officer. In addition to search engines and advertising, Raghavan is also responsible for a series of Google products, including Google Voice Assistant, Maps, Business, and Payment Services. He has been considered as a candidate for the company's next CEO.

On October 11, the Guangdong Securities Regulatory Bureau, in conjunction with the Guangdong Provincial Committee Financial Office, held a merger and reorganization symposium. Relevant officials from the Guangdong Provincial Committee Financial Office, Guangdong Securities Regulatory Bureau, 11 state-owned investment platform enterprises, venture capital institutions, and relevant officials from securities companies attended the meeting. The head of the Guangdong Securities Regulatory Bureau pointed out that state-owned enterprises, investment institutions, and securities service institutions are important participants in the merger and reorganization market. They should actively adapt to the new policy and market environment, fully utilize their market advantages, play a positive role in promoting and guiding the orderly development of the market, and promote the formation of a number of benchmark merger and reorganization demonstration cases. Next, the Guangdong Securities Regulatory Bureau will strengthen policy publicity and guidance through multiple channels, reflect and coordinate timely to resolve policy obstacles faced by mergers and acquisitions projects, support various market entities to enhance information sharing, and help activate the merger and reorganization market.

The Iraqi militia armed “Islamic Resistance Organization” issued a statement on the 17th saying that the group used drones three times that day to hit targets in Israel. The target of one of the attacks was in the southern port city of Eilat in Israel, and the other two did not specify the target location. (CCTV News)

Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, China Postal Savings Bank, and many other banks announced a rate cut of the Renminbi deposit rates starting today (October 18). The current deposit rate is lowered by 5 basis points from 0.15% to 0.1%; the three-month, six-month, one-year, two-year, three-year, and five-year fixed deposit rates are all lowered by 25 basis points. After the adjustment, the one-year fixed deposit rate is 1.1%. This is the second time this year that major commercial banks have lowered the Renminbi deposit rates. (CCTV)

As of October 17th, the margin trading balance of the Shanghai Stock Exchange was 828.49 billion yuan, an increase of 1.577 billion yuan from the previous trading day; the margin trading balance of the Shenzhen Stock Exchange was 755.304 billion yuan, an increase of 1.989 billion yuan from the previous trading day; the total margin trading balance of the two markets was 1583.794 billion yuan, an increase of 3.566 billion yuan from the previous trading day.

The People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission jointly held a symposium with major financial institutions on the morning of the 16th, earnestly studying and implementing the spirit of the meeting of the Political Bureau of the CPC Central Committee on September 26, and promoting financial institutions to accelerate the implementation of recent financial incremental policies. Pan Gongsheng, Secretary of the Communist Party Committee and President of the People's Bank of China, Xiao Yuanqi, Member of the Party Committee and Deputy Director of the China Banking and Insurance Regulatory Commission, and Wang Jianjun, Member of the Party Committee and Vice Chairman of the China Securities Regulatory Commission, attended the meeting and delivered speeches. Xuan Changneng, Member of the Party Committee and Vice President of the People's Bank of China, presided over the meeting. The meeting emphasized that financial institutions should earnestly implement the spirit of the meeting of the Political Bureau of the CPC Central Committee, take rapid actions, make good use of various incremental financial policies, and effectively implement each policy. It is necessary to increase credit support for the real economy, maintain a reasonable growth in the total amount of monetary credit, and vigorously support the financing of small and micro enterprises. Strengthen the execution and transmission of interest rate policies, solidly organize and carry out the bulk adjustment of reducing the interest rates on existing housing loans. Implement two new tools: the convenient exchange of securities, funds, and insurance companies, as well as the share buyback fund for shareholding loans, to support the stable development of the capital markets. It is necessary to strengthen organizational leadership, establish a special work mechanism, focus on departmental coordination and business collaboration, form a synergy of efforts, maximize the policy effects, continuously boost market confidence, improve social expectations, effectively promote the continuous recovery and improvement of the economy, and the high-quality development of finance. Leaders in charge from Agricultural Bank of China, China Construction Bank Corporation, CM Bank, China International Capital Corporation, and Jiashi Fund exchanged experiences. Relevant departments of the People's Bank of China, 21 national banks, and some securities and fund companies' leaders attended the meeting. Main leaders of the People's Bank of China's provincial branches participated in the meeting at separate venues.