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Data

-According to the Ministry of Transport on the Oct 8, the total cross-regional passenger trips during the 8-day long holiday estimated to have reached 2.432 bn, setting a new historical record for the same period. The average daily passenger trips stood at 304 mn, up 6.2% y/y.

-According to data released by the SAFE, China’s foreign exchange reserve stood at $3.3387 tn at the end of Sept 2025, an increase of $16.5 bn, or 0.5 pct, from the end of Aug. China’s gold reserves reached 74.06 mn ounces at the end of Sept, marking the 11th consecutive month of gold purchases.

Co Focus

-An executive of Tongyi Qianwen said that Alibaba has set up an in-house robotics AI team, according to someone familiar with this matter.

-Zhongji Innolight Co., Ltd. is considering IPO in Hong Kong, which still at a preliminary stage, with detail under discussion, according to someone familiar with this matter.

Sept 30 Block Trade Info

*Discount

-Hygon Info (688041 CH) saw 1 block trade worth 356.74mn at 234.92yuan per share, 8.18pct discount from last closing.

-Guangqi Technology (002625 CH) saw 4 block trades worth 283.91mn at 48.95yuan per share, 1.45pct discount from last closing.

*Premium

-Tianshan Aluminum(002523 CH) saw 1 block trade worth 396.78mn at 11.67yuan per share, 0.26pct premium from last closing.

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