
The People's Bank of China removed its pledge to introduce pragmatic and effective incremental policies from its third-quarter monetary policy implementation report while maintaining its moderately loose monetary policy stance.
AI-generated summary
The People's Bank of China released its third-quarter monetary policy implementation report on Wednesday, removing a pledge from its previous quarterly report to timely plan and introduce pragmatic and effective incremental policies.
In its third-quarter monetary policy implementation report released on Wednesday, the People's Bank of China (PBOC) removed a pledge included in its previous quarterly report to "timely plan and introduce pragmatic and effective incremental policies" from its list of priorities for the next stage.
The PBOC also maintained its "moderately loose" monetary policy stance, vowing to make comprehensive use of its monetary policy tools and adjust them as appropriate in response to domestic and external economic and financial conditions.

The board of directors of Chuanhuida will hold a meeting as soon as today to decide whether Huang will stay or not. He has been accused of stepping on the red line due to his series of extramarital affairs and his affair with his subordinate Bauer. The prediction market shows that the chance of his removal before the end of the year is about 88%, and Ian, Kress and Cook are all potential successors.

Goldman Sachs says Chinese companies could unlock 15% equity valuation upside by increasing share buy-backs and dividend payouts, lifting MSCI China Index valuations through improved returns on equity and cash distributions.

Yin Yanlin, a member of the National Committee of the Chinese People's Political Consultative Conference, said at the 17th Caixin Summit that China's economy provides important support for world economic growth and that the power structure is undergoing positive changes. He pointed out that the global economy is facing the "three highs" challenges of high interest rates, high debt, and high uncertainty, and called for persistence in open cooperation and maintaining the stability of the multilateral system.

Huida CEO Huang Jen-Hsun was involved in extramarital affairs and espionage accusations. The board of directors investigated and discussed his dismissal. The weighted index of Taiwan stocks sharply dropped more than 1,000 points during the session. TSMC and MediaTek weakened. The PCB and heat dissipation groups were hit. Analysts believe that the short-term AI group is facing emotional fluctuations, but the fundamentals are still strong.

The Ministry of Economic Affairs pointed out that the purchase amount of major international manufacturers from Taiwan this year is estimated to reach US$325.8 billion, an annual increase of 24%, exceeding the US$300 billion mark for the first time. In the first nine months, Taiwan's cumulative exports reached US$661.53 billion, an annual increase of 46.2%. Minister of Economic Affairs Gong Mingxin commended 22 index foreign companies such as ASML, NVIDIA, and Apple at the IPO Awards ceremony, emphasizing Taiwan's key position in the global AI supply chain.

The Taozhumiao Branch of the Workforce Development Department held the "Smart and Sustainable - Drawing a New Blueprint for Corporate Talent Cultivation Strategies" corporate talent training results release and human resources development seminar at the Ambassador Hotel in Hsinchu, attracting the participation of more than 100 corporate representatives. Shi Shuhui, deputy director of the Workforce Development Agency, presented awards to seven outstanding training companies and outstanding human resources personnel, and emphasized that companies need to cultivate talents with new skills to cope with AI technology and net-zero transformation. The seminar invited Professor Sun Hongyue of the National Taiwan Normal University and Liu Fengzhen, president of the Tianxia Talent Association of the Tianxia Learning Group, to share new trends in AI and ESG talent cultivation. In the past two years, the Taozhumiao area has assisted more than 1,100 companies in conducting more than 16,000 training courses, and has trained more than 110,000 workers in total.