CBN News 2026-10-22 08:07:17

Author: Yicai Information Editor-in-Chief: Luo Yi

【Financial Calendar】

• South Korean Central Bank announces interest rate decision
• 2026 World Physics AI Conference and Yushu Partnerships Ecosystem Conference (Hangzhou)
• 2026 iFlytek Global 1024 Developers Festival (Beijing)
• Financial Report Release: Meta, Tesla, IBM

On October 21st, the Shanghai Stock Exchange held the first mobilization meeting for the initial batch of active ETF markets. More than 40 responsible personnel from 9 fund managers of the initial batch of active ETF and 7 securities companies attended the meeting. The purpose of the meeting was to promote a joint effort among all parties in the market to ensure the smooth implementation of the initial batch of active ETF, and to guide medium- and long-term funds into the market.

A relevant official from the Shanghai Stock Exchange stated that the first batch of active ETF initiatives must get off to a good start and take solid steps. They will strengthen the comprehensive supervision over the entire process of active ETF issuance, listing, investment operations, and information disclosure. At the same time, efforts will continue to enrich the public fund product portfolio and ensure high-quality supply. By working together with all market participants, the goal is to increase the proportion and stability of medium- to long-term funds investing in A-shares, thereby better serving the real economy and the construction of a strong financial sector.

On October 21st, the General Offices of the Communist Party of China Central Committee and the State Council issued the "Opinions on Promoting the Deep Integration of Technological Innovation and Industrial Innovation," which call for the development of new productive forces and the construction of a modern industrial system as goals. Focusing on establishing an innovation system led by enterprises with collaborative participation from all stakeholders, the document aims to promote seamless integration across the entire chain, comprehensive coverage in all fields, and all-round support, thereby fostering a new pattern where technological innovation and industrial innovation promote each other mutually.

Specific arrangements were made in six aspects: promoting seamless integration of the innovation chain and industrial chain, supporting the construction of a modern industrial system with high-quality technological supply, strengthening industry-university-research collaboration led by enterprises, improving the efficiency of coordinated allocation of innovation resources, creating a favorable ecosystem for deep integration, and expanding the development space for such integration.

The "Opinions" propose to cultivate and strengthen emerging industries and future industries through original and disruptive technological innovations. It is necessary to enhance basic theoretical research and underlying technology development, carry out the identification of disruptive technologies, and accelerate scientific discoveries and technological breakthroughs. Implement industrial innovation projects to promote the construction of innovation facilities, technological research and development, and product iteration and upgrading in a coordinated manner. Accelerate the development of strategic emerging industries such as new energy, new materials, and aerospace. Build strategic emerging industry clusters with unique characteristics and complementary advantages according to local conditions, and focus on creating new pillar industries. Promote the healthy and orderly development of the low-altitude economy. In frontier areas such as quantum technology, bio-manufacturing, hydrogen energy and nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communications, explore diverse technical approaches, typical application scenarios, and viable business models, and accelerate the industrialization and commercialization of cutting-edge technologies to foster the emergence of future industries.

The State Administration for Market Regulation recently issued the national standard "Test Methods for In-service Inspection of Power Batteries in Electric Vehicles," which will come into effect on March 1, 2027. This standard applies to the inspection of power batteries in electric vehicles and covers application scenarios such as battery hazard identification, used car transactions, and functional testing.

This standard specifies the general test conditions for power batteries during service, clarifies inspection items such as appearance, airtightness, insulation, and thermal management systems, and provides methods for estimating the maintainable capacity ratio and the consistency of voltage and internal resistance.

The release of this standard addresses the issue of a lack of unified testing methods for the in-service inspection of power batteries in new energy vehicles. It enhances the technical condition of the batteries and the transparency of transaction information, protects consumer rights, and promotes the standardized operation of the after-sales market for new energy vehicles. By adopting standardized testing methods, it enables the high-quality and sustainable development of the new energy vehicle industry.

The Banking Financial Management Registration and Custody Center released the "China Banking Financial Management Market Quarterly Report (Third Quarter of 2026)". The report shows that in the third quarter of 2026, a total of 90 banking institutions and 32 financial management companies across the country issued 10,300 new financial products, raising a cumulative amount of 19.09 trillion yuan.

As of the end of the third quarter of 2026, there were a total of 147 banking institutions and 32 financial management companies nationwide that offered ongoing financial products, with a total of 54,300 products in existence, amounting to a total scale of 35.37 trillion yuan, representing a year-on-year increase of 10.08%. In the third quarter of 2026, financial products generated a cumulative income of 141.7 billion yuan for investors. Among them, banking institutions generated a cumulative income of 16.5 billion yuan for investors, while financial management companies generated a cumulative income of 125.2 billion yuan for investors.

During the speech in Berlin on GTC (Beijing time October 21st), NVIDIA CEO Jensen Huang announced a series of important plans:

• Introducing DSX POD to shorten data center deployment time
• Expand production capacity with supply chain partners to accelerate the infrastructure construction of AI
• Upgrade the Isaac General Robot Development Platform
• European automakers are developing autonomous vehicles based on the Hyperion platform and Robotaxi.
• Introducing the OpenShell reference architecture for AI intelligent agents

On October 21st, Yushu released a new robot, “H2-X Kung Fu Legend Guardian,” which upgrades the capability from “knowing martial arts” to “being able to protect.” The demonstration scenarios are no longer just stage performances; instead, they focus on functions such as protecting the owner from attacks, lifting cars with bare hands, and providing immediate rescue in car accidents, among other security and emergency response capabilities. The H2-X has a maximum battery life of about 8 hours, which represents a significant improvement compared to the basic model H2 with a battery life of only about 3 hours.

On October 21st, regarding when BYD's L3 level vehicles will be available, Yang Dongsheng, Senior Vice President of BYD Group and Dean of the Automotive New Technology Research Institute, stated at the World Intelligent Connected Vehicles Conference that conditional autonomous driving at the L3 level is expected to be implemented by 2028, and higher levels of autonomous driving are expected to be realized in another 1-2 years through continuous iteration.

【Overnight Foreign Markets】

U.S. stock market indices strengthened; by the close of trading, the Dow Jones Industrial Average rose 0.69%, the Nasdaq Composite Index rose 1.05%, and the S&P 500 Index rose 0.58%.

The Philadelphia Semiconductor Index soared nearly 2%, while AMD rose by 3.36%.

Storage chip stocks performed well, with Seagate Technology rising by 3.22%, SK Hynix rising by 2.48%, and Sandisk rising by nearly 1%.

The optical communication sector strengthened, with Lumentum rising by 3.43%, Coherent rising by 2.47%, and Corning rising by 2.01%.

The NASDAQ China Golden Dragon Index fell by more than 2%. Alibaba and JD.com both fell by more than 3%.

Japanese and Korean stock markets opened lower collectively, with the Nikkei 225 index falling by 0.13%, and the South Korean KOSPI index dropping by 1.14%.

[Company Announcements and Performance]

• 4Lianban Dongan Power: Does not engage in the business of manufacturing complete flying cars, but only provides range extenders for flying cars that customers are developing.
• Both 2-connected boards are shares: Currently, the shipment volume and revenue of the company's large model AI products have not reached a significant scale.
• Taiji Shares (3 days, 2 boards): The company has no specific cooperation with National Data Group Co., Ltd. yet.
• 3Lianban Runjian Co., Ltd.: Contract signing for a $200 million cross-border service order has been completed.
• 4-plate Ocean King: The business revenue related to AI and smart lighting is limited, and it has nothing to do with the concept of 'Deep Sea Technology'.
• Guangqi Technology: Plans to use 342 million yuan of raised funds to increase capital in its wholly-owned subsidiary.
• Shanshan Co., Ltd.: Plans to raise no more than 4 billion yuan through a private placement to its indirect controlling shareholder, Conch Group.
• China Life: Plans to sell a portion of its equity in the pension insurance company to the group.
• Jinzhou Pipeline: Liquid-cooled CDU pipeline receives 170 orders from major internet companies, expected to be delivered by the end of October.
• Putailai: Downstream demand is quite strong, and all businesses are operating at nearly full capacity.
• Shanghai Yizhong: Innovative drug YXC-001 completed the first dose administration in the first phase of clinical trials.
• Wens Group Co., Ltd.: Net loss of 4.961 billion yuan in the first three quarters, with a significant decline in the price of its main product, live pigs.
• Baofeng Energy: Net profit in the first three quarters increased by 59.97% year-on-year.
• Nantian Information: Net profit in the first three quarters increased by 472.08% year-on-year.
• Shijia Photon: Net profit in the third quarter increased by 226% year-on-year, with rapid growth in the digital communication market.
• Duofluoride: Net profit in the third quarter increased by 201% year-on-year, with revenue from new energy materials and battery segments growing.
• Huarui Precision: Expected net profit to increase by 118%-147% year-on-year in the first three quarters, with overall product sales prices rising.
• Hongxin Electronics: Net profit in the first three quarters increased by 139% year-on-year, while the net profit of FPC business increased by 831% year-on-year.
• Changchuan Technology: Net profit in the first three quarters expected to increase by 98%-110% year-on-year, with strong demand from customers in the semiconductor industry and ample product orders.
• Shengyi Technology: Plans to repurchase shares for 200 million to 300 million yuan.

【Institutional Viewpoint】

• Jufeng Investment: The index is in the bottoming-out phase of the second major wave.
• Huafu Securities: In the short term, the market trend is more thematic-based. Trading volume has not increased significantly, and there is support below but pressure above for the index.
• Galaxy Securities: The market remains weak with oversold conditions, and small-cap stocks show higher resilience in rebounding.