Domestic News: 1. The People's Bank of China released the Q3 2025 China Monetary Policy Implementation Report. 2. China Association of Automobile Manufacturers: In October, sales of new energy vehicles in China exceeded 50% of total vehicle sales for the first time. 3. Director Zheng Shanjie chaired a symposium with private enterprises to gather opinions and suggestions on the development of the service industry during the "15th Five-Year Plan" period. 4. The Ministry of Industry and Information Technology publicly solicited opinions on two mandatory national standards (draft for comments), including the "Safety Technical Specifications for Mobile Power Supplies." 5. National Development and Reform Commission: 83 infrastructure REITs projects have been issued and listed, expected to drive total investment in new projects exceeding 1 trillion yuan. 6. The Ministry of Commerce responded to questions regarding the U.S. suspension of implementing export control penetration rules: after a one-year suspension, both sides will continue discussions. International News: 1. Sources: India reduced its December orders for Russian crude oil and increased purchases of U.S. crude oil. 2. Insiders: Switzerland is close to reaching a tariff agreement with the U.S., with tariff levels set at 15%. The agreement could be finalized as early as Thursday or Friday. 3. Turkey seeks to sentence Istanbul Mayor Ekrem İmamoğlu to hundreds of years in prison. Following the news, Turkey's benchmark stock index fell 3%. 4. According to data from U.S. Automatic Data Processing (ADP), the U.S. private sector reduced an average of 11,250 jobs per week in the four weeks ending October 25. 5. Thailand's Prime Minister reiterated that the country will no longer adhere to the Thailand-Cambodia Peace Joint Statement. 6. Goldman Sachs estimates that U.S. nonfarm payrolls decreased by approximately 50,000 in October, marking the largest decline since 2020.