October 23rd Macroeconomic Index: Typhoon Tanmei Approaches Philippines, Exchange Convenience Boosts Stock Market

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International Crude Price Trend & Exchange Rate of RMB to USD Trend

Domestic News

1. The Central Meteorological Observatory issued a blue warning for typhoons

2. The exchange convenience has been implemented quickly. Some brokerages have taken the lead in buying stocks

3. Xie Chuntao led the CPC delegation to visit Denmark

4. China's representative: Oppose unilateral coercion, and call on relevant countries to immediately and completely cancel it

5. Qualcomm and Google have joined forces to develop automotive AI products, and Mercedes-Benz will use Qualcomm chips

 International News

1. The IS-33e satellite manufactured by Boeing malfunctioned and disintegrated, affecting communications in some parts of the world

2. Media: Dimon, CEO of JPM.US, privately supports Harris and is willing to serve as finance minister

3. McDonald's response to the outbreak of E. coli infection: may be related to onions

4. Qatar and Italy issued a joint statement reaffirming their support for the "two-state solution"

5. The Israeli military claims that the successor of Hezbollah leader Nasrallah is dead

Domestic News

1. The Central Meteorological Observatory issued a blue warning for typhoons

The Central Meteorological Observatory issued a typhoon blue warning at 06:00 on October 23. The center of this year's No. 20 typhoon "Tanmei" (tropical storm level) was located in the northwest Pacific Ocean about 395 kilometers east of Manila, Philippines at 5 o'clock in the morning today (23rd), that is, 15.3 degrees north latitude and 124.6 degrees east longitude, with a maximum wind force of 9 (23 meters second) near the center, a minimum pressure of 990 hPa at the center, and a radius of 160-270 kilometers in the seven-level wind circle. It is expected that "Tanmei" will move northwest to westward at a speed of about 20 kilometers per hour, gradually increase in intensity, and approach the northeastern coast of Luzon Island in the Philippines, and will pass through the northern part of Luzon Island from the night of the 23rd to the day of the 24th, and move into the eastern part of the South China Sea around the evening of the 24th.

2. The exchange convenience has been implemented quickly. Some brokerages have taken the lead in buying stocks

In just over 10 days, the "Swap Facility for Securities, Funds and Insurance Companies" was completed from creation to implementation. Yesterday, CICC bought shares for the first time under the swap facility, and Guotai Junan also completed the first treasury bond swap transaction in the whole market for the swap facility on the same day. According to Guotai Junan's disclosure the day before, it is expected that it can use the borrowed funds of the swap facility to increase its holdings of stocks this week. Some research institutions believe that in the medium and long term, high-dividend and pan-dividend varieties are expected to benefit.

3. Xie Chuntao led the CPC delegation to visit Denmark

At the invitation of the Danish side, Xie Chuntao, Vice President (vice president) in charge of daily work of the Party School of the CPC Central Committee (National Academy of Administration), led a CPC delegation to visit Denmark from October 19 to 22 to attend a special briefing on the spirit of the Third Plenary Session of the 20th CPC Central Committee for all walks of life in Denmark. China-EU relations have developed in a healthy and stable manner. The Danish side spoke positively of China's new measures for high-level opening-up and expressed its willingness to take the 75th anniversary of the establishment of diplomatic relations next year as an opportunity to deepen exchanges and cooperation between Denmark and China.

4. China's representative: Oppose unilateral coercion, and call on relevant countries to immediately and completely cancel it

Ambassador Fu Cong, Permanent Representative of China to the United Nations, made a joint statement on unilateral coercive measures at the Third Committee of the UN General Assembly on behalf of like-minded countries on the 22nd, reiterating his opposition to unilateral coercive measures and calling on relevant countries to immediately and completely cancel them. Fu Cong said that the world is facing intertwined global challenges, with developing countries bearing the brunt of the severe impact, and the international community urgently needs to strengthen solidarity and cooperation and adhere to true and effective multilateralism. However, developing countries and their peoples continue to suffer from the negative effects of unilateral coercive measures. These unilateral coercive measures run counter to the principles of sovereign equality and cooperation, interfere in the internal affairs of other countries, violate the purposes and principles of the Charter of the United Nations and international law, and run counter to multilateralism and the basic norms governing international relations.

5. Qualcomm and Google have joined forces to develop automotive AI products, and Mercedes-Benz will use Qualcomm chips

Qualcomm (QCOM. O) said on Tuesday that it would work with Google (GOOG. O) to provide a combination of chips and software that will enable automakers to develop their own AI voice assistants. Qualcomm expands its business into the automotive space, with chips that can both power automotive dashboards and General Motors (GM. N) and other companies to provide support. Qualcomm said it is working with Google to develop an Android automotive operating system that will run smoothly on Qualcomm chips. Qualcomm has also launched two new chips, one called Snapdragon Cockpit Elite for car dashboards and the other called Snapdragon Ride Elite for autonomous driving features. Mercedes-Benz plans to use the Snapdragon Cockpit Elite chip in future vehicles, the company said.

International News

1. The IS-33e satellite manufactured by Boeing malfunctioned and disintegrated, affecting communications in some parts of the world

According to the United States Newsweek website, Intelsat confirmed that the Intelsat 33e (also known as IS-33e) high-orbit satellite built by Boeing United States failed and disintegrated in orbit during operation, which has affected its global satellite services. On October 19, local time, Intelsat reported that the satellite had an "anomaly" that caused a power outage, affecting its communication services covering most of Europe, Africa, the Middle East, Asia and Australia. Soon after, the United States military's SpaceTrack website reported that the United States Space Force confirmed that the satellite had disintegrated in orbit, and that the initial assessment had produced about 20 pieces of related debris.

2. Media: Dimon, CEO of JPM.US, privately supports Harris and is willing to serve as finance minister

Although JPMorgan Chase CEO Jamie·Dimon has publicly refused to speak out on political leanings, he has privately and explicitly supported United States Vice President, Democratic presidential candidate Harris, and even said that if Harris wins the election, he is willing to serve as Treasury Secretary in her administration, according to the New York Times, citing sources. However, according to a source close to Dimon who has direct knowledge of his thoughts, Dimon will not seek any government position and will not join any government, according to a source close to him and has direct knowledge of his ideas.

3. McDonald's response to the outbreak of E. coli infection: may be related to onions

McDonald's (MCD.N) said it was taking swift and decisive action in response to E. coli infections in certain states in the United States. Restaurants in affected areas have temporarily removed Quarter Pounder (quarter-pound beef burgers). McDonald's works closely with suppliers and plans to replenish the supply of quarter-pound burgers in the coming weeks. Preliminary findings suggest that some of the diseases may be related to shredded onions used for quarter-pound burgers. Shredded onions are provided by a supplier that serves three distribution centers.

4. Qatar and Italy issued a joint statement reaffirming their support for the "two-state solution"

On October 22, local time, on the occasion of the visit of the Emir (head of state) of Qatar Tamim to Italy, Qatar and Italy issued a joint statement, reaffirming the two countries' support for resolving the Palestinian issue through the "two-state solution" and supporting the establishment of a Palestinian state with full sovereignty, independence and peaceful coexistence with Israel. The statement said that the two countries will continue to cooperate on regional and international issues and work together to achieve peace and stability in the Middle East in accordance with relevant UN Security Council resolutions, especially Security Council resolutions 2735 and 1701. The statement also said that Qatar and Italy support the UN-led political process in Libya and will continue to cooperate to promote stability in Libya.

5. The Israeli military claims that the successor of Hezbollah leader Nasrallah is dead

The Israel military said in a statement on the evening of October 22 local time that Lebanon Hezbollah leader Nasrallah's successor and Chairman of the Hezbollah Executive Committee Hashim·Safiddin "has been confirmed dead." The Israeli army statement said that Safiddin was killed along with the head of Hezbollah's intelligence service and other Hezbollah commanders in an Israeli attack on the southern suburbs of Beirut three weeks ago. His cousin, Hashim·Safiddin, is widely regarded as his successor. However, on 4 October, the Israeli army again launched a heavy air raid on the southern suburbs of Beirut, with hime as the target.

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