Cointime update: Heilongjiang completed its first clean electricity export transaction to Hunan, trading 245,000 kWh, Heilongjiang Power Exchange Center said. Annual contracted power exports from the province topped 20 billion kWh for the first time, with clean power exports accounting for 13.711 billion kWh, both record highs. The province’s outbound power now reaches 20 provincial-level regions across China.
Cointime update: China Development Bank sold 40 billion yuan of one-year bonds at a coupon of 1.2753%, below the 1.3000% expected, with the bid-to-cover ratio at 7.47 times. The marginal bid ratio came in at 5.74 times, indicating strong demand for the policy bank’s short-dated paper.
Cointime update: China’s Foreign Ministry declined to confirm reports that Beijing has told SoftBank Group it will not approve the Japanese conglomerate’s acquisition of ABB’s robotics business. Asked about the matter at a regular press briefing, spokesperson Guo Jiakun said the question should be directed to the relevant Chinese authorities. Reports said SoftBank was recently informed the deal would be blocked by the National Development and Reform Commission.
Cointime reports: Hainan’s offshore duty-free shopping reached 33.45 billion yuan ($4.7 billion) in the 12 months from November 2025 to October 2026, the first full year after the policy’s 10th optimization took effect on Nov 1, 2025. Haikou Customs data showed 4.879 million shoppers and 27.644 million items purchased, up 13.8%, 8.6% and 2.4% year on year respectively.
Cointime update: China’s Ministry of Commerce said on the 5th that it remains open to expanding purchases of US agricultural products, but only if the agreed “300-for-300” reciprocal tariff reduction is implemented. Spokesperson Huang Ling said agricultural trade is an important part of bilateral economic cooperation and urged both sides to cut tariffs, reduce non-tariff barriers and widen market access.
Cointime update: Japan plans to approve revised security documents in December that would nearly double defense spending to 70–80 trillion yen over five years, with focus on long-range strike and unmanned combat capabilities, China’s Foreign Ministry said on November 5. Spokesperson Guo Jiakun accused Tokyo of using the “maximum strategic challenge” label as cover for military expansion and urged the international community to stay alert.
Cointime update: Chinese Foreign Ministry spokesperson Guo Jiakun said the US midterm elections are an internal US affair, responding to a question on China-US relations after the vote. Guo said Beijing is willing to work with Washington to uphold and implement the important consensus reached by the two heads of state, strengthen communication, properly handle differences and expand cooperation, building a constructive strategic and stable relationship based on respect, fairness and reciprocity.
Cointime reports: Yiwu Customs had supervised 110 million cross-border e-commerce bonded import orders as of Nov. 4, surpassing all of last year and setting a record for the period. The city ranks first nationally in cross-border e-commerce imports, with more than 70,000 product types from over 90 countries and regions. Bonded imports at Yiwu Comprehensive Bonded Zone and Yiwu Bonded Logistics Center reached 27.148 billion yuan in the first 10 months, up 25.63% year on year.
Cointime update: The EU began charging a €2 handling fee on low-value imported goods on November 1, following a €3 tariff introduced in July. China’s Commerce Ministry spokesperson Huang Ling said on November 5 that Beijing is closely watching the new rules and hopes the EU will carefully assess their impact, calling cross-border e-commerce a new trade model that offers consumers and businesses more choices.
Cointime update: The World Health Organization published a report on June 4 stating that six proven climate and health measures could save 1.6 million lives each year. The report says the measures would also generate trillions of dollars in economic and fiscal benefits while helping to cut carbon emissions.
Cointime update: The sixth Hungary Battery Day opened on June 4 in Debrecen, eastern Hungary, with industry participants saying Chinese investment and technological advantages will bring major opportunities for Europe’s battery sector. They called for stronger China-Europe cooperation to boost industrial competitiveness and sustainable development.
Cointime reports: On November 4, the three major US indices closed higher as midterm election results became clearer, with the Dow up 3.03%, the S&P 500 up 1.58% and the Nasdaq up 1.44%. Tesla (TSLA) fell 3.34% to $385.19 and SpaceX (SPCX) dropped 3.81% to $135.92, with both slipping further in after-hours trading. Investors weighed how the changed congressional power balance could affect regulation and AI data-center approvals.
Cointime reports: Trading on the Shanghai and Shenzhen stock exchanges totaled 2.118 trillion yuan ($293 billion) on November 5. The Shanghai market accounted for 979.71 billion yuan, while Shenzhen contributed 1.138 trillion yuan. The ChiNext board recorded 578.56 billion yuan in turnover.
Cointime reports: China’s A-share market closed higher on the day, with the ChiNext Index up 0.87%, the Shenzhen Component up 1.19% and the Shanghai Composite up 0.1%, after all three benchmarks extended their rebound despite pulling back from intraday highs. More than 4,800 stocks across the Shanghai, Shenzhen and Beijing exchanges advanced, and total turnover reached 2.14 trillion yuan. Solar stocks rallied, while oil and gas and high-dividend bank shares fell, with PetroChina down more than 8%.
Cointime reports: Chinese commodity futures closed sharply lower, with main contracts for LPG, PET, propylene, pure benzene, polyethylene, polypropylene, ethylene glycol and styrene hitting limit down. Fuel oil dropped more than 14%, LU fuel oil fell over 10%, and asphalt slid more than 8%. Palladium rose more than 8%, platinum gained over 7%, and Shanghai silver and Shanghai nickel each climbed more than 5%.
Cointime update: Malaysia’s central bank kept its benchmark interest rate unchanged at 2.75%. The decision leaves the policy rate where it stood, with no change announced in the latest rate-setting move.
Cointime reports: German seasonally adjusted factory orders rose 4.4% month on month in September, falling just short of the 4.5% expected by economists, following a revised 10.6% decline in the prior month. The September rebound follows August’s sharp contraction in demand for German manufactured goods.
Cointime update: Japan’s Minister of Land, Infrastructure, Transport and Tourism Tatsunori Ibayashi publicly apologized on May 5 at a Senate Land, Infrastructure, Transport and Transportation Committee meeting over allegations that he improperly held political fundraising activities. The apology was made during the parliamentary session in response to the allegations.
Cointime update: US President Trump said on November 5 that he can cooperate with Democrats, who hold the majority in the next Congress, on “far more issues than people realize,” including fiscal ideas beneficial to both sides. In a CNBC interview, he ruled out cooperation on open borders and allowing men to compete in women’s sports. On tariffs, Trump insisted that removing them would halt construction at 3,000 factories currently being built.
Cointime update: Maersk now expects full-year underlying EBIT of $8.0 billion to $8.5 billion, up from its previous guidance of $4.5 billion to $6.5 billion. The shipping group disclosed the revised outlook without providing further detail on the drivers behind the increase.