Data
*PBoC: Incremental aggregate financing to the real economy (AFRE) totaled 30.09 trillion yuan in the first three quarters, marking a y/y increase of 4.42 trillion yuan.
*The M2 money supply stood at 335.38 trillion yuan at the end of September, rising 8.4% from a year earlier.
*In the January-September period, RMB loans increased by 14.75 trillion yuan.
Industrial Economy
*HSBC has raised its Nvidia price target significantly from $200 to $320, which would bring the company’s total market capitalization to $7.78 trillion.
*NDRC and other government departments jointly issued the “Three-Year Doubling Action Plan for Electric Vehicle Charging Facility Service Capacity (2025-2027)”, aiming to build 28 million charging facilities nationwide by the end of 2027.
Financial
*Zhao Leji, chairman of the National People’s Congress (NPC) Standing Committee, presided over the 51st Chairperson’s Council Meeting of the 14th NPC Standing Committee. It was decided that the 18th Session of the 14th NPC Standing Committee will be held in Beijing from October 24 to 28.
*Qiushi Journal publishes a signed article by the Chairman Xi Jinping, “Promoting the Implementation of the Global Development Initiative, the Global Security Initiative, the Global Civilization Initiative and the Global Governance Initiative”.
Oct 15 Block Trade Info
*Discount
-Rongtai Electric Material (603119 CH) saw 14 block trades worth 61.78mn at 79.28yuan per share, 15.52pct discount from last closing.
-Kuang-Chi Tech (002625 CH) saw 4 block trades worth 299.15mn at 48.25yuan per share, 2.51pct discount from last closing.
-Fenghua Advanced Tech (000636 CH) saw 1 block trade worth 98.90mn at 13.64yuan per share, 14.96pct discount from last closing.

