At the 2024 China 5G+ Industrial Internet Conference, Robin Li, founder, chairman and CEO of Baidu, delivered a keynote speech saying that the current artificial intelligence model is very well applied in many industries and has been used in manufacturing, energy, education, finance, public services, etc., very practical application scenarios have been seen. Especially in the field of autonomous driving, behind the end-to-end autonomous driving technology is large model technology. At present, Baidu's sixth-generation unmanned vehicle RT6 is the only L4-class unmanned vehicle in the world that is pre-installed and mass-produced, and the cost has dropped to 250,000 yuan per unit. (China Securities Taurus)

Dong Ximiao, chief researcher of China Merchants Alliance, believes that the People's Bank of China may further comprehensively reduce the RRR by 0.25 to 0.5 percentage points during the year, which not only releases medium-and long-term liquidity to the market, but also further reduces the bank's capital costs. (China Securities News)

David Kostin, strategist at Goldman Sachs Group: The S & P 500 index is expected to rise 10% to 6500 points by the end of 2025.

At the 22nd Guangzhou International Auto Show, pre-emptive reservations for the LinkLink Z20 have been opened, which is divided into three versions, including the 530-km rear-drive version Pro 146,000 yuan, the 530-km rear-drive Max version 156,000 yuan, and the 530-km rear-drive Max daily version 161,000 yuan. Prior to this, the car had already made its debut in Milan, Italy and was launched simultaneously, starting at 35495 euros (equivalent to approximately 270,000 RMB). (Auto has style)

LME copper futures closed down US$57, or 0.63%, at US$8990/ton. LME aluminum futures closed down US$14 to US$2516/ton. LME zinc futures closed down US$38, falling more than 1.27%, at US$2942/ton. LME lead closed down US$48, or 2.39%, at US$1960/ton. LME nickel futures closed down US$111 to US$15619/ton. LME tin futures closed down US$731, falling more than 2.46%, at US$28932/ton. LME cobalt closed flat at US$24300/ton.

Regarding how long it will take to commercialize Robotaxi, the founder of Wenyuan Zhixing said,"It's now, and we are working hard to promote it. At present, the quantity of investment is not the most important thing. What is important is policy guarantee. With the policy in place, with Wenyuan Zhixing's financial resources and other accumulated aspects, it can be rapidly expanded." (The Paper News)

Hong Kong SAR Chief Executive Li Jiachao said that he and his team have arrived in Lima, Peru, and will attend the 31st Asia-Pacific Economic Cooperation (APEC) Leaders 'Informal Meeting. In addition to attending the APEC informal meeting, Li Jiachao will hold bilateral talks with leaders of other economies to exchange views on issues of common concern. He will also meet with local business leaders in Lima. Li Jiachao introduced that Hong Kong will sign a free trade agreement with Peru, covering trade in goods, trade in services, investment and other related areas, providing a transparent and conducive business environment for Hong Kong businessmen to trade in Peru. (Voice of the Greater Bay Area)

The Kerui report shows that according to incomplete statistics, a total of about 13 Hong Kong stock real estate companies have been suspended for a long time in 2022, and another 14 companies will be added in 2023. According to the listing rules of the Hong Kong Stock Exchange, a suspension of trading for 18 consecutive months may be directly delisted by the Hong Kong Stock Exchange. Although most real estate companies have successfully issued annual reports within the specified time limit and completed the resumption of trading, some companies are still facing the delisting. The result. Since Sony Holdings became the first mainland real estate company to delist from Hong Kong stocks in April 2023, as of November 11, 2024, a total of 9 mainland real estate companies in Hong Kong stocks have been delisted. (The Paper News)

The number of licensed jobs in the financial industry has hit a record high as banks and asset managers bet on Hong Kong's efforts to become the world's largest wealth management hub. In the past four months, there has been a net increase of about 830 licensed financial professionals in Hong Kong, bringing the total number to nearly 42,000 in October. Records collected and analyzed by Bloomberg show that this is the most since the registration system was implemented in 2003. Chinese-funded securities firm CITIC Securities and Izzy Englander's $70 billion hedge fund firm Millennium Management are among the companies with the largest number of new licenses.

It is understood that Wu Xinxin, vice president of Netease's game marketing, has resigned in Netease's internal system. A few days ago, Zhang Haixing, general manager of Netease's game marketing, has also resigned. So far, in the screenshots related to the Netease corruption incident that had been circulated on the Internet on November 7, all the people mentioned have left their posts. It is understood that Netease still has many marketing line employees under investigation.

Wall Street has learned exclusively from the supply chain that Xiaomi MIX Flip, Xiaomi's first small-fold (vertically folded) smartphone, has increased its stock order by about 42% to 500,000 units. As of early November, Xiaomi MIX Flip sales have exceeded more than half of the total after the increase. Lu Weibing, partner, president and president of Xiaomi Group's international business department, once said on Xiaomi's earnings conference call on August 21 and on its Weibo on August 25,"Small folds sold out completely after its launch, and Xiaomi MIX Flip is selling well." (Author Zhou Yuan)

Lei Jun, chairman of Xiaomi Group, said on Weibo: Netizens urged me to go to the factory to tighten the screws. In fact, I go there often and arrived early this morning. I came too early and stayed in the workshop for a while. Unexpectedly, when I woke up, 100,000 units had been completed! From the release of SU7 to today, we have produced 100,000 units in only 230 days! As a newcomer to the automotive industry, this speed is already very impressive. We will hold a 100,000 off-line ceremony later.

Bloomberg's 13F filing analysis of North of South Capital LLP showed that the hedge fund increased its holdings in Vipshop, AutoHome, Jingdong, Alibaba, Baidu, and Lianhua Electronics in ADR investments in Greater China in the third quarter; Alibaba became its largest position. The company entered the Mangang Group in the third quarter (opened a position and went long). Reduce holdings of TSMC. The market value of the 17 disclosed investments increased 71% quarter-on-quarter to US$659 million.

Wall Street learned that after the comprehensive launch of Tmall Double 11 on the cloud, this year, Alibaba Cloud provided more than 1 million core CPU resource support for Tmall Double 11 on the public cloud for the first time, raising the instant elasticity of cloud computing to the limit level. This is also the first time that Alibaba Cloud's self-developed cloud infrastructure processor CIPU has been applied on a large scale on Tmall Double 11.

The People's Daily published an article by Jin Sheping saying that confidence in achieving the expected goal of around 5% is increasing. After the release of the "Third Quarterly Report", many foreign-funded institutions raised their forecasts for China's economic growth. Goldman Sachs raised its forecast for China's GDP growth in 2024 from 4.7% to 4.9%. Zhu Haibin, chief economist at JPMorgan Chase China, believes that China's economic growth momentum rebounded moderately at the end of the third quarter, and domestic activity indicators in September generally exceeded market expectations.

Bitcoin's increase expanded to more than 8%, rising above $86000.

At the zero-run third-quarter earnings conference on November 11, the zero-run side revealed that it will rely on the C series to continue to maintain growth and is expected to exceed the sales target of 250,000 units this year; the gross profit margin will steadily increase in the fourth quarter, and the net loss will also Continue to narrow. Chairman Zhu Jiangming said that next year, with the strengthening of the C series and the launch of the B series, the company is expected to achieve the sales target of 500,000 or higher; in terms of gross profit margin, it is expected to approach the established target of 10% faster.

Alipay issued a document stating that due to a local failure in the system's message database, the payment functions of some users were affected. The fault will not affect the safety of users 'funds and has been repaired as of 10:50 a.m. We apologize for any inconvenience caused.