What happened in the past 24 hours | October 13, 2026
【Today’s highlights】
1. The 140th Canton Fair will be held in Guangzhou in three phases from October 15 to November 4. This year’s fair will introduce more than 50 innovative measures covering smart applications and supporting trade services.
2. According to figures released by the Ministry of Education, as of the end of 2025, China had 10,792 vocational schools with 33.5596 million students enrolled. Vocational education programs broadly cover all sectors of the national economy.
3. China’s e-commerce logistics index stood at 111.9 points in September, up 0.4 points from the previous month, with improvements across business volume, inventory turnover, and fulfillment-related subindices.
【A-shares / Chinese assets】
1. On October 12, the Shanghai Composite Index fell 0.43% to close at 3,797.24 points; the Shenzhen Component Index fell 2.03%, the ChiNext Index fell 2.61%, and the STAR 50 Index fell 2.10%.
2. As of October 12, the combined margin financing balance on the Shanghai and Shenzhen exchanges was 2,517.189 billion yuan, down 4.696 billion yuan from the previous trading day. Changes in margin financing balances and indices should not be directly attributed to one another as cause and effect.
【Overseas markets】
1. U.S. stocks ended mixed on Monday: the Dow rose 0.38%, the S&P 500 fell 0.06%, and the Nasdaq fell 0.44%. Micron Technology fell about 4%, while SanDisk dropped nearly 6%.
2. Major European indices closed higher on Monday: Germany’s DAX 30 rose 0.79%, the UK’s FTSE 100 rose 0.97%, and France’s CAC 40 rose 0.38%.
【Developments to note】
1. The reduction in the value-added tax export rebate rate for new energy vehicles from 13% to 9% takes effect on April 1, 2027; it should not be treated as a rate that is already in effect today.
2. Minutes from the Reserve Bank of Australia’s September meeting revealed that members unanimously agreed to raise interest rates by 25 basis points and left open the possibility of further increases if necessary. The date of the meeting should be distinguished from the date the minutes were published.
【Domestic developments】
1. Diesel is the main fuel used by agricultural machinery during this year’s autumn harvest. Relevant institutions estimate that operating costs for agricultural machinery during the “Three Autumns” farming season have risen by about 6 billion yuan from last year. This is an estimate and should not be taken as the actual increase for every farmer.
【Overseas developments】
1. The 2026 Paris Motor Show opened on October 12 local time, with automakers from several countries exhibiting side by side. The cars shown at the exhibition and their subsequent sales should be considered separately.
Source: Compiled from publicly available information on the internet. For research and educational purposes only; this does not constitute investment advice.
【Today’s highlights】
1. The 140th Canton Fair will be held in Guangzhou in three phases from October 15 to November 4. This year’s fair will introduce more than 50 innovative measures covering smart applications and supporting trade services.
2. According to figures released by the Ministry of Education, as of the end of 2025, China had 10,792 vocational schools with 33.5596 million students enrolled. Vocational education programs broadly cover all sectors of the national economy.
3. China’s e-commerce logistics index stood at 111.9 points in September, up 0.4 points from the previous month, with improvements across business volume, inventory turnover, and fulfillment-related subindices.
【A-shares / Chinese assets】
1. On October 12, the Shanghai Composite Index fell 0.43% to close at 3,797.24 points; the Shenzhen Component Index fell 2.03%, the ChiNext Index fell 2.61%, and the STAR 50 Index fell 2.10%.
2. As of October 12, the combined margin financing balance on the Shanghai and Shenzhen exchanges was 2,517.189 billion yuan, down 4.696 billion yuan from the previous trading day. Changes in margin financing balances and indices should not be directly attributed to one another as cause and effect.
【Overseas markets】
1. U.S. stocks ended mixed on Monday: the Dow rose 0.38%, the S&P 500 fell 0.06%, and the Nasdaq fell 0.44%. Micron Technology fell about 4%, while SanDisk dropped nearly 6%.
2. Major European indices closed higher on Monday: Germany’s DAX 30 rose 0.79%, the UK’s FTSE 100 rose 0.97%, and France’s CAC 40 rose 0.38%.
【Developments to note】
1. The reduction in the value-added tax export rebate rate for new energy vehicles from 13% to 9% takes effect on April 1, 2027; it should not be treated as a rate that is already in effect today.
2. Minutes from the Reserve Bank of Australia’s September meeting revealed that members unanimously agreed to raise interest rates by 25 basis points and left open the possibility of further increases if necessary. The date of the meeting should be distinguished from the date the minutes were published.
【Domestic developments】
1. Diesel is the main fuel used by agricultural machinery during this year’s autumn harvest. Relevant institutions estimate that operating costs for agricultural machinery during the “Three Autumns” farming season have risen by about 6 billion yuan from last year. This is an estimate and should not be taken as the actual increase for every farmer.
【Overseas developments】
1. The 2026 Paris Motor Show opened on October 12 local time, with automakers from several countries exhibiting side by side. The cars shown at the exhibition and their subsequent sales should be considered separately.
Source: Compiled from publicly available information on the internet. For research and educational purposes only; this does not constitute investment advice.