Galaxy Securities' research report pointed out that AI applications will continue to be the main driving force for the development of the semiconductor industry. The scale of servers is rapidly growing, with the proportion of AI servers increasing: in the past two years, the world has been in the explosive stage of AI growth. Large-scale data centers that provide high-capacity, high-performance data storage and processing services are accelerating their completion, driving the industry's steady development. The AI chip market size is growing in sync, with new products emerging endlessly: AI chips are one of the core components of AI servers, mainly used to handle a large number of computing tasks in artificial intelligence applications, providing computational support.

The promotion meeting for the energy-saving and green low-carbon enhancement project of China's phosphorus chemicals industry chain was recently held in Chengdu, Sichuan. Representatives from the Department of Industry and Information Technology's Energy Conservation and Comprehensive Utilization Division, project task units, and relevant expert representatives attended the meeting. During the meeting, the project task units introduced the energy-saving and carbon reduction path of the phosphorus chemicals industry chain, relevant policies, status and suggestions on standard implementation, advanced energy-saving and carbon reduction technologies application and promotion models, the green low-carbon development status of phosphorus chemical parks at home and abroad, as well as research results on environmental and social impacts assessment of demonstration projects. The Phosphorus Chemical Project Management Office presented the progress of the implemented demonstration projects and the planned adjustments and additional demonstration project situations. Experts at the meeting provided opinions and suggestions on the specific contents, work objectives, and landmark achievements of the project.

Thailand's Ministry of Tourism and sports reported that as of October 20, the number of foreign tourists arriving in Thailand this year has reached 27.8 million, with more long-distance tourists expected to arrive in Thailand in the coming weeks. Chinese tourists top the list with 5.6 million, followed by 4 million Malaysian tourists and 1.6 million Indian tourists.

According to the latest report on monthly tracking of the Chinese e-ink tablet retail market released by RUNTO Technology, in the third quarter of 2024, the online retail volume of e-ink tablets in China across all channels (including Douyin, Kuaishou, and other content e-commerce) reached 0.382 million units, a year-on-year increase of 77.0%, a decrease of 9.7% from the previous month; the sales amount was 1.15 billion yuan, a year-on-year increase of 98.3%.

According to the monitoring of China Real Estate Research Institute, in September 2024, the real estate industry had a total of 9 mergers and acquisitions, which remained the same as the previous month. Among them, 6 transactions disclosed transaction amounts, with a total transaction size of approximately 3.52 billion yuan, a decrease of 53.2% compared to the previous month. The average transaction size per deal was 0.59 billion yuan, a decrease of 53.2% compared to the previous month. From the perspective of the scale and quantity of mergers and acquisitions, the enthusiasm for mergers and acquisitions in September 2024 remained sluggish.

On October 21, at the Sibos annual meeting, Zhang Kuo, the President of AliExpress, stated that with the digitalization process of the past 20 years, the contribution of small and medium-sized enterprises to the global trade volume has exceeded half, becoming the main force in global trade, and AI is bound to further accelerate this process. Currently, AliExpress has introduced AI applications on the buyer and seller sides, with the AI business assistant targeting domestic sellers already having 0.045 million users.

Morgan Stanley stated that China Mobile's third-quarter service revenue increased by 1% year-on-year to 214 billion yuan, lower than the bank's forecast of 0.5%. Average revenue per user for mobile business dropped by 4.7% year-on-year to 46.5 yuan. Earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 5% year-on-year to 81 billion yuan, worse than the bank's forecast of a 3.2% decline. Operating profit remained flat year-on-year at 33 billion yuan, while the bank forecasted a 3.1% decrease. Net income increased by 4.6% year-on-year to 31 billion yuan, in line with the bank's forecast. Operating cash flow increased by 20% year-on-year to 93 billion yuan, benefiting from improved cash flow management. Morgan Stanley stated that it maintains a "shareholding" rating on China Mobile with a target price of 80 Hong Kong dollars.

UBS Group issued a research report, indicating that Ping An Insurance's operating profit in the third quarter rebounded strongly; its after-tax operating surplus and new business value for the first three quarters increased year-on-year, roughly in line with expectations; after-tax net profit surged by 36% year-on-year, exceeding market expectations, also reaching 95% of the market's full-year forecast; the comprehensive cost ratio (CoR) of property and casualty insurance fell by 1.5 percentage points year-on-year (indicating improvement) to 97.8%, better than the bank's expectations. UBS Group expects that Ping An Insurance's after-tax operating surplus growth will accelerate in the fourth quarter, achieving approximately 10% growth in overall after-tax operating profit this year. The company has not cut dividends in the past twelve years, and it is expected that full-year dividends will moderately increase to 2.44 yuan, with an expected dividend yield of 5.4%. The bank rates the H shares of the group as a "buy" with a target price of 59 Hong Kong dollars.

Journalists learned that on October 22, 2024, China International Capital Corporation made its first purchase of stocks under the "Securities, Fund, and Insurance Companies Swap Facility". The next step for China International Capital Corporation will be to further increase its shares using the funds obtained through the swap facility, firmly implement the decision-making arrangements of the Central Committee of the Party, and support the healthy and stable development of the capital markets. China International Capital Corporation has already completed the first repo transaction under the "Securities, Fund, and Insurance Companies Swap Facility" on the 21st, with the pledged securities being the first batch of swap facility central bank notes for 2024. (Caixin News)

On the evening of October 21st local time, a train collision accident occurred in the Wales region of the United Kingdom, resulting in 1 death and 15 people being hospitalized. The police stated that the cause of the accident is under investigation.