The Nasdaq Golden Dragon China Index preliminarily closed up 1%. Among popular Chinese concept stocks, NetEase rose 4.9%, Alibaba rose 4.4%, Pony AI, New Oriental EDU & Tech, WeRide, Baidu, and Pinduoduo rose by up to 3.4%. XPeng fell 2.2%, Li Auto fell 2.5%, Xiaomi Group ADR fell 3%, and Nio fell 5.7%. In ETFs, KWEB rose 1.1%, and CQQQ rose 0.5%

East Buy Holding Announces Subscription of Wealth Management Products

East Buy Holding Ltd. has announced its subscription to wealth management products from CGB and CMB, classified as major and discloseable transactions under Hong Kong Listing Rules. The company secured written shareholder approval for the CGB subscription, indicating that these transactions are part of its normal business operations to effectively utilize surplus cash reserves.

East Buy Holding Limited Announces Successful AGM Resolutions

East Buy Holding Limited (HK:1797) announced the successful passing of all resolutions at its Annual General Meeting on November 3, 2025. Resolutions included re-election of directors, re-appointment of the external auditor, and mandates for share issuance and repurchase, reflecting strong shareholder support. The latest analyst rating for HK:1797 is a Sell with a price target of HK$10.20. The company, incorporated in the Cayman Islands, operates various business services and products, with a current market cap of HK$23.06B and an average trading volume of 37,379,115.

Goldman Sachs raises New Oriental's target price to 47 yuan, maintains "Neutral" rating

Goldman Sachs raised the target price for New Oriental from HKD 42 to HKD 47, maintaining a "Neutral" rating. Management mentioned in the Q1 fiscal year 2026 earnings call that K12 business revenue will accelerate growth, operating profit margins will expand, and shareholder returns will not be lower than this year's level. The non-GAAP net profit forecast was raised by 4%. Meanwhile, the revenue forecast for EAST BUY was lowered by 12% to 13%, and the target price was raised from HKD 9 to HKD 10.2, maintaining a "Sell" rating

The meeting between China and the U.S. is approaching; focus on tonight's Federal Reserve interest rate decision | Today's Important News Recap

1029 | Dolphin Research Key Focus: 🐬 Macro/Industry 1. On October 28th, Eastern US time, the Federal Reserve began its two-day FOMC meeting, with the latest interest rate decision to be announced on the afternoon of the 29th local time (early morning of the 30th Beijing time). The market generally expects a 25 basis point rate cut, with the focus on whether the balance sheet reduction will end and the policy signals for December. Due to the government shutdown, the absence of key data such as employment, and significant internal disagreements on inflation risks and the pace of easing, some officials are concerned that a rate cut may exacerbate price pressures. 2. The spokesperson of the Ministry of Foreign Affairs announced: As agreed by both China and the US...