Jin10 Data Compiles Key Headlines from Yesterday and This Morning

On Nov. 12 that according to Jinshe Data, domestic key developments from yesterday and this morning include: the State Taxation Administration stated that taxation on offshore trust proceeds is advancing steadily and orderly, with cumulative individual income tax declarations for offshore trusts surpassing 160 billion yuan; China Association of Automobile Manufacturers data shows that automobile production and sales both exceeded 3 million units in October, with new energy vehicle sales rising 13.1% year-on-year; the CSRC announced it is seeking public feedback on the Guiding Opinions on Advance Compensation in the Securities Market and plans to further refine the procedural arrangements for implementing advance compensation; and the PBOC released its Q3 Monetary Policy Implementation Report, calling for the continued implementation of an appropriately loose monetary policy while enhancing the foresight, flexibility, and targeting of policies.

On the international front, reportedly, Anthropic's massive IPO received significant oversubscription; U.S. media reported that NVIDIA is preparing to dismiss Jensen Huang, sending NVIDIA's shares down 9% in after-hours trading. LME aluminum spot premiums hit a 30-year high, with inventories falling to their lowest since 1990; OPEC's monthly report projects global oil demand will grow by 2.55 million barrels per day by 2027. Furthermore, Russia and Ukraine have in principle agreed to a new round of large-scale prisoner exchanges, with reports indicating that four of seven U.S.-Iran negotiation conditions have reached consensus.