(1) Stock Market News

U.S. Market

The U.S. market closed with the Dow Jones Industrial Average down by 91 points or 0.22%, at 42,141 points;

 the S&P 500 and the Nasdaq Composite both fell by 0.33% and 0.56%, respectively; the Golden Dragon Index, 

which reflects the performance of Chinese concept stocks, dropped by 0.96%.

Hong Kong Market

The Hang Seng Index closed down by 320 points, at 20,380 points. The total turnover for the day increased to over 166.6 billion yuan. 

The Technology Index fell by 110 points, closing at 4,513 points.

Mainland Market

The Shanghai Composite Index closed at 3,266 points, down by 20 points or 0.61%, with a turnover of 730.62 billion yuan. 

The Shenzhen Component Index closed at 10,530 points, down by 12 points or 0.12%, with a turnover of 1.12 trillion yuan. 

The CSI 300 Index reported at 3,889 points, down by 35 points or 0.9%; the ChiNext Index reported at 2,151 points, down by 25 points or 1.18%.

(2) Economic News

- Secretary for Financial Services and the Treasury, John Tsang, stated that Hong Kong is promoting green transformation with five key strategies,

 including increasing green capital, recognizing sustainability standards, empowering carbon trading, encouraging green financing, and nurturing green technology.

Tsang spoke at the Green Technology Summit, saying that the government has extended the "Green and Sustainable Finance Grant Scheme" 

until 2027. As of early October, the authorities have allocated over 200 million yuan to 470 green and sustainable debt instruments issued in Hong Kong, 

involving a total debt issuance of over 1 trillion yuan.

- The European Union officially announced the imposition of tariffs of up to 45.3% on Chinese-made electric vehicles, 

causing electric vehicle stocks listed in Hong Kong to decline this morning.

- Global gold demand increased by 5% in the third quarter, thanks to increased investment demand, which offset the decline in gold consumption.

The World Gold Council released a quarterly report indicating that global gold demand increased by 5% to over 1,300 tons in the last quarter,

 mainly driven by rising gold prices and increased investment demand for gold. Physical gold-backed gold exchange-traded funds recorded 

a net inflow of 95 tons, marking the first quarter of net inflow since the first quarter of 2022. However, gold jewelry demand fell by 12%, 

and the pace of gold purchases by central banks also slowed down.

(3) Corporate News

- Hong Kong Exchanges and Clearing (HKEX) Chief Executive Officer, Nicolas Aguzin, stated that the Middle East and Saudi Arabia have great growth potential, 

and HKEX has invested a lot of resources, manpower, and material resources, hoping to perform better in the region.

HKEX plans to open an office in Riyadh, the capital of Saudi Arabia, next year. Aguzin pointed out that HKEX has been interacting 

more frequently with Saudi Arabia and the Middle East in the past one or two years. Establishing an office will facilitate communication with 

local companies and investors. The preliminary work has been underway for some time, and it is hoped that it can be completed by the first half of next year.

- The first ETF in Saudi Arabia tracking Hong Kong stocks was officially listed locally today. The Financial Secretary, Paul Chan, said that this will 

help provide more diversified opportunities and attract investors, promoting financial and technological interconnectivity.

- CK Hutchison Holdings (00001), together with CK Asset Holdings (01113) and CK Life Sciences (00775), acquired over 350,000 hectares of agricultural

 land in Australia to expand the regenerative agriculture initiative.

CK Hutchison mainly invests in carbon storage projects. The group stated that the Australian carbon storage market is mature with a high-quality project 

and a sound regulatory system. The group has acquired over 350,000 hectares of agricultural land in Australia, 

equivalent to 3.5 times the total land area of Hong Kong, for carbon storage purposes.

(4) Corporate Earnings Releases

- Industrial and Commercial Bank of China (ICBC) (01398) announced that as of the end of September this year, the profit attributable to 

shareholders for the third quarter was 98.558 billion yuan (RMB, the same below), a year-on-year increase of 3.82%, with earnings per share of 0.25 yuan. 

For the first three quarters, the profit attributable to shareholders was 269.025 billion yuan, a year-on-year increase of 0.13%, with earnings per share of 0.72 yuan.

In the third quarter, operating income was 197.108 billion yuan, a year-on-year increase of 1.28%, of which net interest income was 162.782 billion yuan, 

a year-on-year decrease of 1.07%; net fees and commissions income was 22.918 billion yuan, a year-on-year decrease of 11.05%. 

Credit impairment losses were 27.136 billion yuan, a year-on-year increase of 6.38%.

For the first three quarters of this year, operating income was 599.107 billion yuan, a year-on-year decrease of 3.92%; net interest income was 476.732 billion yuan, 

a decrease of 4.94%. The annualized net interest yield was 1.43%, unchanged from the first half of the year. Non-interest income was 122.375 billion yuan, an increase of 0.31%, 

of which net fees and commissions income was 90.323 billion yuan, a decrease of 8.98%.

- Bank of China (BOC) (03988) earned more than 4% in the third quarter, reaching 57.16 billion yuan, with a year-on-year revenue growth of more than 6%.

 For the first three quarters, BOC's net profit was more than 175.7 billion yuan, a year-on-year increase of 0.5%, with revenue growing by more than 1% year-on-year.

In addition, BOC's net interest income for the first three quarters decreased by 4% year-on-year to 335.9 billion yuan, with a net interest margin of 1.41%. 

Non-interest income grew by more than 21% year-on-year to 143.1 billion yuan. During the period, asset impairment losses decreased by more than 5% to 85.84 billion yuan.

- Bank of China (Hong Kong) (BOCHK) (02388) reported a year-on-year growth of over 13% in operating profit for the first nine months, exceeding 41 billion yuan, 

with net operating income growing by over 10% year-on-year to nearly 54 billion yuan. During the period, the net interest margin remained unchanged year-on-year at 1.62%.

Furthermore, the impairment provision increased by over 600 million yuan to 3.32 billion yuan, mainly due to the weakening macroeconomic outlook this year, 

updating the expected credit loss model parameters, leading to increased provisions.

- China Construction Bank (CCB) (00939) announced that as of the end of September, the profit attributable to shareholders for the third quarter was

 91.45 billion yuan (RMB, the same below), a year-on-year increase of 3.79%, with earnings per share of 0.35 yuan. For the first three quarters of this year, 

the profit attributable to shareholders was 255.776 billion yuan, a year-on-year increase of 0.13%, with earnings per share of 1.01 yuan.

In the third quarter, operating income was 177.516 billion yuan, a year-on-year decrease of 2.72%. Of this, net interest income was 144.758 billion yuan, 

a year-on-year decrease of 7.35%; net fees and commissions income was 22.448 billion yuan, a year-on-year decrease of 7.64%.

For the first three quarters of this year, operating income was 552.347 billion yuan, a year-on-year decrease of 3.2%. Of this, 

net interest income was 440.817 billion yuan, a year-on-year decrease of 5.89%. The net interest margin was 1.52%, 0.02 percentage

 points lower than the first half of the year. Non-interest net income was 111.53 billion yuan, a year-on-year increase of 9.13%, mainly due to the impact of 

exchange rate and capital market fluctuations, and other non-interest net income increased year-on-year.

- Agricultural Bank of China (ABC) (01288) reported that as of the end of September this year, the profit attributable to shareholders for the 

third quarter was 78.48 billion yuan (RMB, the same below), a year-on-year increase of 5.88%, with earnings per share of 0.19%