Automatically crawled from Tonghuashun and Eastmoney at 08:00 Beijing time daily via cron, with summaries rewritten by Doubao. For information collation only, does not constitute investment advice.

Tonghuashun 7/24

Regulators refine management requirements for research expenses of securities firms and funds: Prohibit disguised compensation, return of over-standard expenses, payment of excess non-compliant bills

2026/10/28 12:29:05

Recently, regulators have refined management requirements for research expenses and commission usage for securities firms and fund companies. Earlier in October, regulators already notified violations of overseas research by investment research personnel from 5 institutions. It is now explicitly stated that trading commissions shall not be used to pay research-related expenses, nor shall disguised compensation be provided through methods such as commission splitting; over-standard expenses must be returned, and self-inspection and accountability shall be carried out. Subsequent commission usage will be included in the key points of annual on-site inspections, and violations will be handled strictly.

NYMEX gasoline front-month contract rose over 1%

2026/10/28 12:27:54

[Financial Brief] The subject involved is the NYMEX gasoline front-month contract, which rose more than 1% in short-term trading, with the latest quote reaching $3.1 per gallon. As one of the core reference benchmarks for global refined oil pricing, this price increase will directly affect the retail pricing of overseas terminal refined oil products, and will also have a marginal impact on the cost and profit expectations of enterprises in the industrial chain such as international oil and gas exploration and refining.

Saudi-led coalition says it intercepted a missile from Yemen’s Houthi forces

2026/10/28 12:27:49

In the early morning of the 28th local time, a spokesperson for the Saudi-led coalition said that its air defense system had intercepted and destroyed a ballistic missile launched by Yemen’s Houthi forces towards Taif, Saudi Arabia. The Houthi forces have not yet responded to the incident. The continuous escalation of the Saudi-Yemen conflict will disrupt international crude oil supply expectations, while pushing up shipping risks on the Red Sea route, affecting the performance of crude oil and shipping-related assets.

Qualcomm to debut 6G terminal prototype globally at the 9th CIIE

2026/10/28 12:15:57

Qualcomm will participate in the 9th China International Import Expo (CIIE), marking its 9th consecutive year of participation. At this year’s CIIE, Qualcomm will debut its 6G terminal prototype globally, which has been used for joint 6G technology testing and interoperability verification with domestic industry partners such as China Mobile and ZTE. In addition, the booth will also showcase agentic AI innovations, innovative achievements of various types of smart terminals, and related interactive experiences.

Tencent WorkBuddy launches “Remote Control” feature

2026/10/28 12:13:44

Recently, Tencent’s office product WorkBuddy officially launched the “Remote Control” feature. According to Yicai’s report, users can open the WorkBuddy App on their mobile phones and connect to their corresponding computer with one click, allowing them to view the real-time screen of the computer desktop and directly take over computer operations remotely, providing convenience for users to handle PC-side office needs and access local files in mobile scenarios such as when they are out.

KRW against USD extends losses to 1.1%, marking the biggest drop in a month

2026/10/28 12:11:58

[Brief Summary] The subject involved is the KRW/USD exchange rate. According to market data from the Financial Associated Press, the intraday decline of KRW against USD has now expanded to 1.1%, marking the largest drop in nearly a month. This weakening of the KRW will push up South Korea’s import costs, increase the pressure on foreign capital outflows from KRW assets, and will also directly affect the exchange costs of entities related to China-South Korea trade and consumption trips to South Korea.

Eastmoney 7/24

Citi cuts PayPal’s target price from $61 to $58

2026/10/28 12:25:00

Brief Summary: The subject involved is 美股 listed payment company PayPal. Core event: International investment bank Citi recently cut PayPal’s target price from the previous $61 to $58, a reduction of about 4.9%. This adjustment reflects Citi’s relatively cautious judgment on PayPal’s subsequent performance growth, which may cause some disturbance to its short-term secondary market trading sentiment.

HKEX expands integrated fund platform, launches platform and agent services

2026/10/28 12:23:46

On October 28, Hong Kong Exchanges and Clearing (HKEX) announced that it will add platform and agent services to its integrated fund platform, extending coverage to the entire fund distribution process. The platform previously launched a fund database in December 2024 and an order transfer service in July 2025. The number of platform participants has now increased from the initial 33 to more than 60, marking another important progress in the construction of Hong Kong’s fund distribution ecosystem.

Nhwa Pharma: The company’s Flurali and Midazolam injections do not yet have sleep indications

2026/10/28 12:22:00

On October 28, A股 listed pharmaceutical company Nhwa Pharma (002262) responded on the interactive platform that its two injections, Flurali and Midazolam, have not yet been approved for sleep indications, and are not yet used in the scenario of short-term intravenous sedation for insomnia treatment. The current development of domestic sleep clinics does not yet affect the revenue of these two products, and the company is paying attention to the progress of relevant clinical research.

Qualcomm to debut 6G terminal prototype globally at the 9th CIIE

2026/10/28 12:15:15

The 9th CIIE is about to open, and Qualcomm, which has participated for 9 consecutive years, will bring the global debut of its 6G terminal prototype at this year’s exhibition. The prototype has been used for joint 6G technology testing and interoperability verification with domestic industry partners such as China Mobile and ZTE. In addition, Qualcomm’s booth will also exhibit agentic AI technology, a variety of smart terminal products and related interactive experience content.

Hong Kong Stocks Midday Review: Hang Seng Index rose 0.43%, Hang Seng Tech Index rose 1.8%

2026/10/28 12:10:12

At the midday close of 港股, the Hang Seng Index rose 0.43% and the Hang Seng Tech Index rose 1.8%, with obvious market differentiation. In terms of sectors, the storage and optical communication sectors led the gains. Among individual stocks, Juhui Technology rose more than 11%, Montage Technology rose more than 8%, and GigaDevice rose more than 6%; education, gaming, and oil and gas stocks led the declines, with Wynn Macau falling more than 3%, and Galaxy Entertainment and PetroChina falling more than 2%.

Hang Seng Tech Index extends gains to 2%

2026/10/28 11:57:02

[Hong Kong Stocks Volatility Summary] The subjects involved are the Hang Seng Tech Index and the Hang Seng Index. In the latest intraday trading session, the gain of the Hang Seng Tech Index continued to widen to 2%, leading the gains among Hong Kong’s core broad-based indices, while the Hang Seng Index rose 0.45% over the same period. The two are the core benchmarks for Hong Kong’s new economy technology sector and the overall market respectively. This trend reflects that driven by the technology sector, the short-term market risk appetite of Hong Kong stocks has picked up somewhat.