CBN News, October 27, 2026, 08:06:06 - Listen to the news

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

Financial Calendar

• Annual profit growth rate of industrial enterprises above designated size in China from January to September
• Parliamentary elections held in Israel
• 2026 Asian Industrial Technology Exhibition (Shenzhen, 10/27-10/29)
• 2026 Satellite Internet Industry Ecology Conference (Shanghai, 10/27-10/29)
• Financial Report Releases: Boeing, Corning

To further implement the requirements of "building a scientific and robust monetary policy system and a comprehensive macro-prudential management framework" and to maintain the stability of the bond market, the People's Bank of China (PBOC) has decided to establish a facility for non-bank institutions in the bond market to conduct large-scale redemption swaps (referred to as Bond Market NBFI Swap Facility, abbreviated as BNSF). In specific circumstances where asset management institutions face collective liquidity risks or the bond market experiences systemic pressures, this facility supports bank wealth management subsidiaries and public fund managers (or their corresponding parent banks, securities companies, etc.) with systemic influence to borrow central bank bills from the PBOC for market repurchase financing. These funds can be used to purchase eligible bonds or product shares of their own (or their asset management subsidiaries') publicly offered products that are subject to redemption, which are then pledged to the PBOC. Participating institutions must continue to meet the prudential management requirements of the financial market and maintain market discipline.

On October 26th local time, large model manufacturer Anthropic submitted its registration documents to the U.S. Securities and Exchange Commission (SEC) and plans to list on the NASDAQ Global Select Market, with the stock code "ANT". The prospectus reveals that Anthropic achieved revenue of $16.29 billion in the first half of 2026, but suffered a net loss of $80.75 billion. Approximately $72.4 billion of this loss came from changes in the fair value of financial instruments such as convertible bonds, mainly related to an increase in the company's valuation. After adjustments, the operating profit for the same period was about $1.6 billion. Even greater pressure comes from investment in computing power. The prospectus indicates that Anthropic plans to commit at least $518 billion in expenditures over the next decade on cloud services, computing power, and infrastructure, of which about 80% is non-cancellable and must be paid regardless of actual usage.

Recently, there have been discussions in the market about Cambricon's chip shipments exceeding 1 million units next year. At Cambricon's third-quarter earnings briefing on the afternoon of October 26th, Chen Tianshi, the chairman and general manager of Cambricon, responded that the company has never engaged in such communications, and that market information is complex. Investors are advised not to rely on information of unknown origin or that has not been verified.

Goldman Sachs Group's Tony Pasquariello indicated that during the largest sell-off on Wall Street since July, hedge funds sold tech stocks at the fastest pace in two years last Thursday, raising serious doubts about the market's confidence in this transaction. The head of client business for Goldman Sachs' hedge funds, Pasquariello, wrote in a report to clients that although the S&P 500 index has been fluctuating within a narrow range for three months, the apparent calmness has masked a "sustained performance pullback" since the end of June following the AI trade. He stated that for weeks, hedge funds have been reducing their net and total stock exposures. "Have we seen a surrender-style sell-off? Although it's impossible to be certain, based on various information I've obtained from our business network and conversations with clients, it feels like the market has indeed been significantly weakened," Pasquariello wrote when discussing last Thursday's trades.

All three major U.S. stock indices rose. By the close of trading, the Dow Jones Industrial Average rose by 0.28%, the Nasdaq Composite Index rose by 0.82%, and the S&P 500 Index rose by 0.70%.

Star tech stocks showed mixed gains and losses, with Tesla rising 5.2% to a three-month high. Meta fell nearly 1.9%, and the company plans to raise $95 billion to support its artificial intelligence investments.

The Philadelphia Semiconductor Index rose by nearly 3%. NVIDIA, Broadcom, and AMD all saw gains of over 2%.

Storage chip stocks strengthened, with SK Hynix rising 4.09%, Western Data rising 3.63%, and Micron Technology rising 2.95%.

The optical communication sector performed well, with Lumentum and Coherent rising by approximately 8% and 6% respectively.

The NASDAQ China Golden Dragon Index rose by 0.63%. Baidu increased by 0.84%, Alibaba by 0.61%, NetEase fell by 0.24%, JD.com by 0.47%, and Pinduoduo by 1.15%.

Japanese and Korean stock markets opened higher collectively, with the Nikkei 225 index rising by 0.61%, and the South Korean KOSPI index rising by 3.46%.

YusTree Technology: The humanoid robot industry is still in the early stages of commercialization, and there are still multiple challenges to bringing physical AI technology from laboratory demonstrations to large-scale implementation in real-world scenarios.

Shangwei New Materials: The company's consumer-grade embodied intelligent robot business is currently in the stage of scaled mass production and commercialization verification.

6 days and 4 boards of Fulai New Materials: The revenue from the flexible sensor project accounts for an extremely low proportion of the company's total revenue.

China Giant Stone: The prices of the company's electronic fabric products have been adjusted in October, but supply remains tight.

Blue cursor: Terminate the issuance of H-share stocks and list them on the Hong Kong Stock Exchange.

Jingang Photovoltaic: Signed a contract worth 480 million yuan for GPU cards and server procurement.

Jiemei Technology: Plans to invest 2.684 billion yuan in the construction of an optical-grade BOPET film and high-end release film project.

Hanyu Pharmaceutical: Preclinical studies of HY3003 tablets show better weight loss effects than semaglutide.

Deep Technology: Plans to sell 17.034% of Annah Technology shares, expected to generate pre-tax profits of no less than 2.05 billion yuan.

Shengbang Co., Ltd.: Plans to acquire 58.29% of the shares of analog chip company Shenxiling Microelectronics for 833 million yuan.

Xinzhoubang: Plans to establish a joint venture to invest in a project with an annual output of 150,000 tons of high-purity electronic-grade solvents.

Defu Technology: Net profit in the third quarter increased by 631% year-on-year and 75% month-on-month, with the gross profit margin of copper foil products rising.

Fulin Precision: Net profit in the third quarter increased by 141% year-on-year and 358% month-on-month, with substantial growth in revenue from lithium battery cathode materials.

Gree Electric Appliance: Net profit in the third quarter decreased by 43% year-on-year and 44% month-on-month, with the consumer appliance business showing a year-on-year decline.

Jingwang Electronics: Net profit in the third quarter increased by 240% year-on-year and 174% quarter-on-quarter, with revenue from high-performance PCB products increasing.

CITIC Securities: Net profit in the third quarter decreased by 20.19% year-on-year and 41% month-on-month.

WuXi AppTec's revenue in the first three quarters exceeded 45.5 billion yuan, and the annual revenue is expected to be raised to a maximum of 61.9 billion yuan.

RuiChuang MicroNan: Net profit in the third quarter increased by 192% year-on-year and 33% month-on-month, with ample existing orders and a positive trend in new orders received.

Co-creator Data: Net profit in the third quarter increased by 360% year-on-year, with a significant growth in computing power-related businesses.

Shannon Chip Innovation: Net profit in the third quarter increased by 743% year-on-year, but decreased by 26% month-on-month.

Jinfat Technology: Plans to repurchase shares worth 300 million to 500 million yuan for cancellation.

Changxin Bochuang: Plans to repurchase company shares for 200 million to 300 million yuan.

Power Investment and Financing: The actual controller plans to increase its shareholding by 200 million to 300 million yuan.

Xingyun Technology: The total amount of the supplementary agreement for the winning bid project has been increased to 8.848 billion yuan, an increase of about 35.64%.

DeXun Securities: The phased bottom points of the three major indices are emerging; it's a good time to make medium-term investments at these lows.

Guotai Haitong: The market bottom requires patience; volume needs to effectively increase. If it doesn't break new lows, the main trend will return.

Guoyuan Securities: The market is in a period of repeated fluctuations during the bottoming-out phase, and defensive strategies should still be considered.

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