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WHAT’S BUZZING ON THE WIRE?
- China lowers threshold for foreign investors’ strategic investment in A-share listed companies for first time in 19 years
- China’s major construction machinery companies achieved positive profit growth in Q3, domestic excavators sales grew for seven straight months
- China’s auto exports expected to reach 6 mln units in 2024, to face challenges in coming years – industry body
- China’s “National Team” investors boosted A-share holdings by 400 bn yuan in Q3, bought over 200 bn yuan ETFs
- Nio’s car deliveries jumped 30.5% on year to 20,976 units in October
- China’s housing market showed broad-based rebound in Oct after policy easing, analysts expect continued recovery
- Hong Kong retail sales fell at slower pace in Sept, mainland China’s stimulus policy, US rate cuts may benefit Hong Kong consumption
- Li Auto’s car delivery rose 27.3% on year to 51,443 units in Oct
- Xpeng Motors’s Oct EV deliveries rose 20% on year to hit new record high
- Hong Kong stocks closed mixed, rare earth companies, mainland property developers rallied; chipmakers, Apple suppliers struggled