Cointime update: Wang Jian, former member of the Party Committee and deputy general manager of State Grid Hunan Electric Power Co., is under disciplinary review and supervisory investigation for suspected serious violations of discipline and law, the discipline inspection and supervision group of the Central Commission for Discipline Inspection and National Commission of Supervision stationed at State Grid Corporation of China, and the Hunan Provincial Commission for Discipline Inspection and Supervision announced. The case is being handled jointly by the State Grid supervisory group and the Zhuzhou City Supervisory Commission in Hunan.
Cointime update: Crédit Mutuel Arkéa said attackers targeted the French bank’s own account rather than customer funds and may have converted the proceeds into cryptocurrency. The bank would not confirm the reported €118 million ($133 million) loss, saying only that the scale is roughly accurate.
Cointime reports: VeriSilicon Holdings said its order backlog reached RMB 18.569 billion as of the end of September 2026, up 265.90% from the end of last year and 49.16% from the end of the second quarter, marking 12 consecutive quarters at a high level. The chip design services firm expects adjusted EBITDA to turn positive in the second half of 2026 and full-year adjusted net profit attributable to shareholders to turn positive in 2027.
Cointime update: China’s Ministry of Industry and Information Technology conducted 42 batches of technical app inspections in the third quarter of 2026, ordering 967 apps to rectify violations, publicly naming 163 and removing 72 from app stores, the ministry said in its Q3 telecom service quality notice. The compliance rate of apps on shelves rose 1.3 percentage points from the previous quarter, with platforms including Yingyongbao, Honor App Store, Xiaomi App Store and Baidu Mobile Assistant leading.
Cointime update: Saudi Arabia and Syria signed a defense cooperation agreement between their ministries of defense on the fourth of the month, during Syrian transitional President Ahmed al-Sharaa’s visit to Riyadh. The agreement’s details have not been disclosed. Al-Sharaa met Saudi Crown Prince and Prime Minister Mohammed bin Salman, their second meeting in Saudi Arabia in less than a month.
Cointime update: The foreign ministers of Oman and Iran discussed arrangements to ensure the security of maritime passages, Oman’s state news agency reported. Both sides stressed the need to move from de-escalation toward reaching a lasting agreement, the report said, without giving further details on the specific routes or the terms under discussion.
Cointime update: China’s National Development and Reform Commission (NDRC) Price Cost and Certification Center deputy director Cheng Gang led a team to Guangdong province for research on October 28-29. The delegation visited China Southern Power Grid, the National New Energy Storage Innovation Center and the Guangdong Power Exchange Center, focusing on independent energy storage and power market construction. Officials from the center’s new energy price cost division joined the trip.
Cointime update: Lianxun Instruments said on Nov. 5 that controlling shareholder, actual controller and chairman Hu Haiyang proposed a share buyback of RMB 100 million to RMB 150 million. The repurchase would be funded by the company’s own or self-raised funds through centralized bidding on the Shanghai Stock Exchange and used for an employee stock ownership plan or equity incentives. The buyback price would not exceed 150% of the average trading price over the 30 trading days before board approval.
Cointime update: Tencent’s Hunyuan Hy4 model debuted on WorkBuddy on Nov 4, prompting the team to urgently expand its inference cluster tenfold and raise users’ free trial quota. Tencent Hunyuan said high-end compute limits and peak concurrency may still cause quota caps at certain times, and advised users to switch to Hy3, whose WorkBuddy free access is extended to Nov 15, 2026, or to off-peak evening use.
Cointime update: Chinese Vice Premier Liu Guozhong, a member of the Politburo of the Communist Party of China Central Committee, conducted inspections in Guangxi and Fujian from November 3 to 5, emphasizing the need to advance the Healthy China initiative. He called for high-quality development of health and medical services and for ensuring decisive progress in building a Healthy China during the 15th Five-Year Plan period, while continuously improving public health and well-being.
Cointime update: The Shanghai Stock Exchange held two special forums on mergers and acquisitions, one for listed companies and one for market institutions, with representatives from seven listed companies and seven securities, valuation, venture capital and insurance firms. Topics included peer competition among central and state-owned enterprises, cross-industry deals, installment payments, tech-company valuation and M&A insurance credit enhancement. In the first three quarters of 2026, Shanghai-listed companies added 546 asset restructuring cases, including 46 major ones worth over RMB 500 billion.
Cointime update: China’s Jilin provincial discipline inspection commission announced on the 5th that Chai Wei, former Party secretary and chairman of Northeast Small and Medium Enterprises Financing Re-guarantee Co., has been expelled from the Communist Party and dismissed from public office. Chai, also a member of the 12th Jilin Provincial Party Committee, was investigated for serious violations of discipline and law following approval from the provincial Party committee.
Cointime reports: The pound’s effective exchange rate has risen to its highest level since 2016. The move marks the strongest reading for the trade-weighted measure of sterling in roughly a decade, reflecting the currency’s appreciation against a basket of trading partners’ currencies.
Cointime update: The XRP Ledger has activated fixCleanup3_4_0, a fix for a delegated burn permission issue that could have allowed new tokens to be minted. The amendment required two runs at the 14-day validator window after the first attempt failed on Oct. 21, 12 days in. The fix addresses a flaw in permission delegation on the network.
Cointime reports: Eurozone producer prices rose 11.1% year on year in September, exceeding the 10.6% expected and accelerating from 8.2% in the prior reading. The print points to persistent pipeline inflation pressure across the currency bloc.
Cointime reports: Guangzhou’s second-hand residential property transactions reached 8,430 units in September, up 5.02% year on year, with transaction area of 840,100 square meters, up 6.28%, according to online signing data from the Guangzhou Real Estate Intermediary Association. October transactions totaled 8,513 units, up 5.65% year on year, with area of 829,000 square meters, up 2.98%.
Cointime update: South Korean Finance Minister Lee Hyoung-il said Seoul will push for a two-year postponement of the 22% tax on cryptocurrency gains, paired with a three-year loss carryforward. The move comes a day after the ruling Democratic Party called for a delay. The proposal would hold off the crypto tax until 2029.
Cointime update: Adani Ports has agreed to acquire Evos at an enterprise value of €2.56 billion, the company announced. The deal values the target at €2.56 billion on an enterprise basis. No further terms, financing details or closing timetable were disclosed in the announcement.
Cointime update: Guotou UBS Silver Futures Securities Investment Fund (LOF), Class A shares (ticker 161226), traded at a closing price of 1.573 yuan on November 5, 2026, well above its net asset value of 1.3529 yuan as of November 4, 2026. The fund manager, Guotou UBS Fund Management Co., warned that the secondary market price shows a significant premium to NAV.
Cointime update: The Asset Management Association of China has issued a notice to fund advisory pilot institutions on setting up T-class shares, effective next year, to standardize the fund advisory business and protect fund holders’ rights. The move implements the fee rules for publicly offered securities investment funds and follows the pilot program notice for fund investment advisory services.