Cointime update: China’s installed renewable hydrogen production capacity has exceeded 350,000 tonnes per year, with green ammonia and methanol capacity surpassing 1.3 million tonnes per year, National Energy Administration Vice Administrator Song Hongkun said at the 9th Hongqiao International Economic Forum in Shanghai. The forum, co-hosted by the NEA and the Ministry of Commerce, focused on hydrogen’s role in the global energy transition.
Cointime reports: ConocoPhillips reported third-quarter adjusted earnings per share of $3.27, topping the $2.97 market estimate, with adjusted net income of $3.9 billion versus $3.538 billion expected. Cash and investments stood at $10.4 billion, and the company kept its full-year capital expenditure and adjusted operating cost guidance unchanged. It guided fourth-quarter 2026 production to 2.32–2.36 million barrels of oil equivalent per day, and the stock rose more than 1% in premarket trading.
Cointime update: Jian Mengwen, former general manager of Shanghai Wind Fund Sales Co., will join Western Lead Fund as deputy general manager, overseeing the marketing line, a person familiar with the matter said. The appointment is a management move at the fund company; no further details on timing or scope were disclosed.
Cointime reports: UK government bonds pared gains after the Bank of England’s policy decision, with the 2-year gilt yield rising 1 basis point to 4.75%. The move in short-dated gilts followed the central bank’s announcement, trimming an earlier rally in UK debt.
Cointime reports: Traders have increased their wagers on a Bank of England interest-rate hike, with market-implied odds of a December increase reaching 35%. The shift reflects heightened expectations that the central bank could tighten policy before year-end. No further detail on the drivers behind the move was provided.
Cointime update: Bank of England Governor Andrew Bailey said the latest interest-rate increase is unlikely to be the last unless the US-Iran conflict ends. Bailey’s comment ties the central bank’s rate path directly to the persistence of the geopolitical standoff, signaling further tightening remains on the table while the conflict continues. He did not specify the size or timing of any additional moves.
Cointime reports: The Bank of England’s central forecast projects UK inflation will peak at 4.9% in the second quarter of 2027. The projection, part of the central bank’s core forecasting round, puts the expected peak more than a year out. No further details on the forecast path or policy implications were provided.
Cointime update: The Bank of England raised its policy interest rate to 4%, matching expectations and up from the previous 3.75%. The decision was announced as the central bank’s latest policy rate setting, with the rate move confirmed at the expected level.
Cointime update: Shanghai Party Secretary Chen Jining met with United Nations Development Programme Administrator Alexander De Croo, who was in Shanghai to attend the ninth China International Import Expo. The meeting was held in the city during the expo period.
Cointime update: The Bank of England will announce its interest rate decision at 20:00 Beijing time on Thursday. The decision is scheduled for release at that hour, with markets awaiting the central bank’s latest policy rate setting.
Cointime update: Bulgaria’s Defense Ministry sent MiG-29 fighter jets to intercept and escort three civilian airliners bound for the country after bomb threats were received on November 5, the Transport Ministry said. Checks of all three aircraft found nothing wrong. Two of the affected planes, one departing Thessaloniki and one Porto, landed safely in Milan.
Cointime update: Chinese State Councilor Chen Yiqin inspected employment and civil affairs work in Gansu from June 3 to 5, urging solid efforts to stabilize employment and ensure basic livelihoods. She called for full implementation of Party Central Committee and State Council decisions to meet this year’s targets. The visit underscores Beijing’s focus on job security and social welfare.
Cointime reports: Bank of Japan September meeting minutes, published Thursday, show several board members agreed on the need for further rate increases, with one arguing the pace should accelerate if inflation threatens to overshoot expectations. At the September 17-18 meeting the BOJ raised its policy rate to 1.25% from 1%, the highest in 31 years and its second hike in three months, quickening a pace that had been roughly one move every six months.
Cointime update: The European Commission on Nov. 5 disbursed €4.36 billion to Ukraine, the latest tranche of a €90 billion EU aid loan package. The financing is intended to cover Ukraine’s 2026–2027 funding needs, keep the state functioning and public services running, and strengthen its defense capabilities and defense industry.
Cointime update: The Henan Provincial Government Office issued a policy package to stimulate auto consumption, including a rural campaign for new energy vehicles and implementation of purchase tax and vehicle-and-vessel tax exemptions and scrappage and trade-in subsidies. The measures also encourage local governments to issue vouchers for the auto aftermarket and support Zhengzhou’s pilot reform of auto distribution and consumption.
Cointime update: Henan Province has issued new measures to boost consumption, adding gas stoves, range hoods, water purifiers, dishwashers, dryers, smart cleaning robots and digital cameras to its trade-in subsidy program. Eligible products receive a 15% subsidy on the final sale price, capped at 1,500 yuan per item, with one subsidized unit per category per consumer. Funds are allocated on a first-come, first-served basis until exhausted.
Cointime update: China Securities Regulatory Commission Chairman Wu Qing and Omani Foreign Minister Badr signed a memorandum of understanding on securities and futures regulatory cooperation in Beijing on Nov. 2, witnessed by the heads of state of China and Oman. The CSRC said the pact will strengthen regulatory exchanges and cooperation in securities and futures and promote the healthy development of both countries’ capital markets.
Cointime reports: BTC broke above $80,300 and held above its 20-day moving average, Liquid Capital founder Yi Lihua said on Nov. 5, adding that a strong break of $82,600 is needed to start a second main upward wave. Yi said clearing the $86,000 resistance would open the way to $97,000 and $104,000, framing the recent pullback as a correction within a bull trend.
Cointime update: Heilongjiang Province kicked off a 100-day winter ice and snow tourism campaign on November 8, running through February 28, 2027, under the theme “Ice and Snow World, Passionate Longjiang.” The campaign includes the distribution of 100 million yuan in consumer vouchers, announced at a press conference in Harbin, aimed at boosting winter tourism.
Cointime update: Russian presidential press secretary Dmitry Peskov said on November 5 that a Russian delegation has received US visas to attend a meeting hosted by US First Lady Melania Trump. The delegation will include human rights commissioner Tatyana Lantratova and Dmitriev, the president’s special representative for foreign investment and economic cooperation.