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.
Cointime update: China and the United Arab Emirates held their third round of consular consultations in Abu Dhabi on November 4, 2026, co-chaired by Long Zhou, director-general of the Chinese Foreign Ministry’s Department of Consular Affairs, and Sheikh Hissa, assistant undersecretary for consular affairs at the UAE Foreign Ministry. The two sides exchanged views on consular relations, facilitating personnel exchanges, and protecting the safety and lawful rights of overseas citizens, agreeing to implement the consensus of both heads of state.
Cointime reports: West Texas Intermediate and Brent crude both fell more than 1% intraday on November 5, with WTI trading at $87.04 per barrel and Brent at $92.87 per barrel. The move marked a decline of over 1% for both benchmarks during the session.
Cointime reports: US stock index futures moved lower on November 5, with Nasdaq 100 futures falling 1.3%. S&P 500 futures dropped 0.31%, while Dow futures narrowed their gain to 0.12%.
Cointime reports: The UK’s October construction PMI came in at 43.6, below the 46.5 expected and down from 46.1 in September. A reading under 50 signals contraction in the construction sector, and the latest figure points to a sharper fall in activity than economists had anticipated.
Cointime reports: Brent crude oil gained 1.0% during the trading session on Monday, reaching $95.57 a barrel. The intraday move marks a continued rise in the benchmark’s price, with the figure reflecting the day’s percentage gain at the time of reporting.
Cointime update: China’s Ministry of Finance will issue RMB-denominated green sovereign bonds in Canada during the week of Nov. 9, 2026, with a size of no more than 4 billion yuan, the ministry said. The issuance was approved by the State Council. Specific issuance arrangements will be announced separately before the sale.
Cointime reports: South Korea is considering large-scale purchases of long-term US Treasuries to boost its foreign exchange reserves and strengthen economic ties with Washington, the Korea Economic Daily reported, citing people familiar with the matter. Seoul and the Bank of Korea recently floated the idea to the US, which responded positively. The size has not been set, but purchases are expected to total at least tens of billions of dollars, enough to significantly lift reserves.
Cointime update: China’s State-owned Assets Supervision and Administration Commission (SASAC) held a symposium in Beijing on Nov. 3 on deepening reform of local state-owned enterprises. The commission said local SOEs should align with regional 15th Five-Year Plan priorities, concentrate on core businesses, and curb unrelated diversification, multi-layer structures and excessive debt while pursuing M&A prudently.
Cointime update: China’s Ministry of Commerce will continue to impose anti-dumping duties on imports of n-propanol originating in the United States for a further five years, starting November 6, 2026. The extension maintains the existing trade measure on the chemical product. No duty rates or product scope details were disclosed in the announcement.
Cointime update: Norway’s central bank, Norges Bank, said it is prepared to raise its policy rate if necessary, signaling a tightening bias in its monetary policy stance. The statement gives no figure or timeline for any potential move. The bank framed the readiness to hike as conditional on economic conditions warranting it.
Cointime update: Chinese Premier Li Qiang signed a State Council decree publishing the Decision of the State Council on Amending and Repealing Certain Administrative Regulations, effective from the date of publication. The decree covers revisions and repeals across a set of administrative regulations; the announcement did not specify which regulations are affected or which sectors they cover.
Cointime reports: Italy’s retail sales grew 1.6% year-on-year in September, accelerating from a 0.5% increase in the previous month. The pickup in consumer spending comes as the country’s retail sector shows firmer momentum heading into the fourth quarter.
Cointime update: China released its full 2027 public holiday schedule on the afternoon of the 5th, featuring a nine-day Spring Festival break from Feb. 5 (New Year’s Eve) to Feb. 13, matching 2026 as the longest on record. Two weekend workdays are shifted to prevent seven consecutive working days after the holiday. 2027 will have the fewest make-up workdays in recent years, with New Year’s Day and Qingming connecting naturally to weekends.
Cointime update: Democrats have taken both chambers of Congress in the midterm elections, but Republicans retain the White House and the veto, leaving tariffs, immigration enforcement and military action under presidential control. The new Congress convenes January 3, 2027, while the current one must handle a December 11 stopgap funding deadline. Analysts cited see limited room for new fiscal expansion, supporting long-end Treasuries, with state-level permitting now the key variable for AI data centers.
Cointime update: Yemen’s Houthi-run health ministry said Saudi-led coalition airstrikes killed 12 people and wounded 15 in the past 12 hours as of midday local time on the 5th. The ministry said total casualties since the latest military escalation have reached 266 dead and 641 wounded. There was no immediate response from Saudi Arabia.
Cointime reports: Global output of the new display industry exceeded $200 billion in 2025, according to a report released by the China Center for Information Industry Development at the 2026 World Display Industry Innovation and Development Conference. The report said the global industry has entered a new development cycle, with AI penetration driving transformation. China, the largest R&D and manufacturing base for new displays, holds more than 50% of the global market.
Cointime update: An oil tanker was struck by two unidentified flying objects in waters about 50 nautical miles (93 km) north of the city of Al Shamal in northern Qatar, the UK Maritime Trade Operations office said. The attack occurred at 23:20 UTC on November 4.
Cointime update: After a sweeping midterm election victory, the Democratic leaders of both the US Senate and House of Representatives said on November 4 that they will push to end the war with Iran. The two leaders made separate statements making clear that concluding the conflict is a priority.