China financial headlines — Oct 15, 2025: Highlights from China’s Four Major Securities Newspapers and Key Financial Media

Quick read for investors, founders, techies, and marketers following Chinese capital markets and macro policy.

Topline Themes to Watch

Liquidity and policy support from the central bank are front and center.

Gold and precious metals are experiencing record moves and volatility.

Market flows — ETF subscriptions and A‑share fund activity — are driving near‑term price action.

Strategic sector moves include NEV tax shifts, autonomous driving IPOs, humanoid robots, and RWA experiments.

China Securities Journal (Zhongguo Zhengquan Bao 中国证券报)

• People’s Bank of China to inject liquidity via a 6‑month reverse repo:
  
  The People’s Bank of China (Zhongguo Renmin Yinhang 中国人民银行; PBOC) announced a fixed‑quantity, rate‑bidding, multi‑price auction to conduct ¥6000亿元 RMB (¥600,000,000,000 RMB; $83.33 billion USD) of buyback (non‑collateralized) reverse repo operations on Oct 15, 2025.
  
  The term is 182 days and the stated goal is to keep banking system liquidity ample.
  
  Why this matters: a sizable 6‑month injection signals a preference for medium‑term easing of money market stress rather than short, tactical one‑week fixes.
• Gold surges — banks raise minimums for accumulation plans:
  
  International gold has surged more than 50% year‑to‑date.
  
  Bank of China (Zhongguo Yinhang 中国银行) raised its accumulation plan minimum from ¥850 RMB ($118.06 USD) to ¥950 RMB ($131.94 USD) effective Oct 15.
  
  Industrial & Commercial Bank of China (Gongshang Yinhang 工商银行) raised its minimum to ¥1000 RMB ($138.89 USD) earlier this month.
  
  Investor takeaway: banks are tightening retail access thresholds amid strong demand and operational cost recalibration.
• Some listed stocks show explosive profit guidance:
  
  A‑share companies accelerated third‑quarter profit previews.
  
  Example: Xianda Co., Ltd. (Xianda Gufen 先达股份) projected year‑to‑date net profit increases in the thousands of percent range (2,800%+).
  
  What to watch: very large guidance beats can fuel momentum but also raise questions about sustainability and earnings quality.
• Mindray plans Hong Kong H‑share listing to advance internationalization:
  
  Mindray (Mairui 迈瑞医疗) announced plans to issue overseas H‑shares and list on the Hong Kong Stock Exchange.
  
  The move is positioned as a step toward deeper international strategy and expanded capital strength.

Shanghai Securities News (Shanghai Zhengquan Bao 上海证券报)

• Huge ETF inflows — net subscriptions exceed ¥560亿元 RMB:
  
  Recent choppy trading saw investors route large amounts into equity ETFs.
  
  Net new subscriptions across two trading days exceeded ¥560亿元 RMB (¥56,000,000,000 RMB; $7.78 billion USD).
  
  Newly issued ETFs filled target allocations quickly, and fund houses are buying back their own equity funds.
  
  Implication: flows are concentrated and can amplify short‑term price moves in underlying stocks.
• Rare‑earth leaders report strong profit growth:
  
  Rare‑earth permanent magnet firms published Q3 previews showing year‑over‑year net profit growth often above 100%.
  
  Zhongke Sanhuan (Zhongke Sanhuan 中科三环) forecasted substantial YTD net profit growth.
  
  Shenghe Resources (Shenghe Ziyuan 盛和资源) expects net profit of ¥7.4亿元–¥8.2亿元 RMB (¥740,000,000–¥820,000,000 RMB; $102.78M–$113.89M USD), implying year‑over‑year gains of several hundred percent.
  
  Sector note: rare‑earth companies are benefiting from tight supply dynamics and strategic demand.
• Two auto/robotics autonomous driving firms file for Hong Kong IPOs:
  
  WeRide Inc. (Wenyuan Zhixing 文远知行) and Pony.ai (Xiaoma Zhixing 小马智行) obtained filing notices for Hong Kong listings.
  
  This is part of a wave of autonomous driving capital market activity.
  
  Why founders and VCs care: IPO pipelines can unlock secondary liquidity and spur further M&A interest in mobility AI.

Securities Times (Zhengquan Shibao 证券时报)

• Premier Li Qiang convenes experts and entrepreneurs:
  
  Premier Li Qiang (Li Qiang 李强) chaired a roundtable on economic conditions to gather proposals for strengthening counter‑cyclical measures and boosting domestic demand.
  
  Policy angle: expect targeted fiscal and demand‑side tweaks aimed at stabilizing growth.
• Commerce Ministry responds to U.S. 301 measures on shipbuilding and maritime services:
  
  China’s Ministry of Commerce said it will take countermeasures and investigate actions that harm China’s shipping and shipbuilding industries.
  
  Authorities may add entities that cooperated with the U.S. probe to a countermeasure list.
  
  Market impact: trade tensions can create sector‑specific winners and losers, and raise supply‑chain re‑routing opportunities.
• NEV purchase tax policy shifts for 2026—consumers rush to catch the “last train”:
  
  From Jan 1, 2026, China will move from a decade‑long full exemption of vehicle purchase tax for new energy vehicles (NEVs) to a half‑tax model.
  
  The ministries set technical standards for 2026–2027 tax relief and stated “no exemption for non‑compliant models.”
  
  Consumer and dealer note: expect near‑term demand pull‑forward as buyers and dealers react to the policy cliff.
• Precious metals saw sharp intraday swings after record highs:
  
  Gold surpassed the $4,000/oz threshold and silver hit multi‑decade highs.
  
  After rapid rallies, intraday pullbacks raised short‑term caution among investors and some institutions.
  
  Risk management: volatility increases the premium for hedging and careful position sizing.

Securities Daily (Zhengquan Ribao 证券日报)

• PBOC repeats the ¥6000亿元 reverse repo operation:
  
  Securities Daily also highlights the PBOC’s ¥6000亿元 RMB (¥600,000,000,000 RMB; $83.33 billion USD) six‑month buyback reverse repo as a key liquidity move.
• RWA (real‑world assets) gains traction among A‑share firms:
  
  Real‑world asset initiatives—tokenizing or packaging physical assets such as carbon credits using blockchain—are being explored by property and industrial groups.
  
  Greenland Holdings (Lǜdì Kònggǔ 绿地控股) is among the companies mentioned.
  
  Why RWA matters: it’s an institutional push to bridge traditional assets and digital rails, with implications for custody, compliance, and issuer economics.
• eSIM rollout progressing at operator stores:
  
  Field checks found growing availability of eSIM services at major telecom operator retail outlets.
  
  Initial support is limited to specific domestic iPhone models but will expand to more devices.
  
  Product & marketing tip: eSIM adoption opens opportunities for digital onboarding and subscription‑first offers.
• China’s monthly auto output and sales exceeded 3 million units for the first time:
  
  September auto production reached 3.276 million units and sales 3.226 million units.
  
  NEV production/sales topped 11 million units year‑to‑date with an NEV market penetration of ~49.7%.
  
  Macro signal: auto demand remains a core pillar of domestic recovery and EV transition.

People’s Daily (Renmin Ribao 人民日报)

• Embodied intelligence moves from concept to application — humanoid robots ramp up:
  
  With national policy emphasis on “AI+”, humanoid robots (embodied intelligence) are being pushed toward scaled applications.
  
  The report examines technology, market, capital and policy bottlenecks and opportunities.
  
  Startup angle: expect targeted industrial pilots and government procurement to accelerate commercialization.
• Gold price surge and international tariff effects:
  
  People’s Daily highlighted how tariffs and supply‑chain frictions are increasingly transmitted to consumers, and the gold rally as a key market concern.
  
  Takeaway: cross‑border trade policy is feeding both input‑cost inflation and safe‑haven demand.

Economic Daily (Jingji Ribao 经济日报) and Other Outlets

• Capital market reforms continue to advance steadily:
  
  Economic Daily emphasized that landmark reforms during the 14th Five‑Year Plan reshaped market ecology and improved allocation of resources to innovation and new productive forces.
• Financial scene innovation to boost consumption:
  
  Consumer finance firms expanded holiday lending and promotional instruments (interest‑free vouchers, trade‑in programs).
  
  These measures are supporting robust holiday consumption flows.
• National Energy Group pushing coal‑to‑chemicals and green industrial upgrades:
  
  State energy firms are driving coal‑chemical transformation and higher value‑added industrial chains to support greener exportable chemical industries.

Other notable items summarized across media

• China’s response to U.S. trade measures escalates:
  
  The transport ministry announced special port fees for qualifying U.S.‑owned vessels — starting at ¥400 RMB per net ton (¥400 RMB; $55.56 USD) — as a targeted countermeasure in response to U.S. 301 actions.
• IMF warns of rising financial fragility:
  
  Coverage at the IMF/World Bank meetings noted elevated asset valuations and rising systemic vulnerability.
  
  Central banks and regulators are watching equity and credit valuation risks.
• Gold: new record, then volatility:
  
  International spot and futures gold prices set new highs—intraday peaks reached approximately $4,190/oz and $4,179/oz in recent trading.
  
  That equates to ≈¥30,168 RMB and ¥30,009 RMB per ounce at ¥/$ = 7.2 for reference.
  
  Reminder: big moves create trading opportunity but also require disciplined risk controls.

Notes on currency conversions

All RMB→USD conversions in this summary use the reference rate ¥1 USD ≈ ¥7.20 CNY for rounding and reader clarity.

When the original item quoted USD prices (e.g., gold), the RMB equivalents above were computed at the same ¥7.20 rate and rounded to appropriate precision.

Quick actions for different readers

• Investors: Rebalance for liquidity‑sensitive sectors and consider hedges for precious metals volatility.
• Founders/Startups: Track procurement windows for AI+ robotics pilots and eSIM partner channels at carriers.
• VCs/PE: Monitor IPO pipelines in autonomous driving and RWA tokenization pilots for secondary exit timing.
• Marketers: Plan campaigns around NEV tax timing and holiday‑season consumer finance promotions.

Linking opportunities

• Anchor copy: PBOC reverse repo — link to central bank policy pages or market commentary.
• Anchor copy: Gold price rally — link to commodity desks, bullion dealers, or hedging guides.
• Anchor copy: ETF inflows — link to ETF providers, fund flows data, or market structure explainers.
• Anchor copy: NEV purchase tax change — link to automotive analysts or policy briefings.
• Anchor copy: Autonomous driving IPOs — link to IPO calendars and mobility sector research.

Concise, actionable, and rooted in the front‑page reporting from China’s major financial media.

China financial headlines

References

• Oct 15 — Highlights from Domestic Four Major Securities Newspapers and Important Financial Media Front‑Page Headlines – Eastmoney
• PBOC Announces ¥6000亿元 Six‑Month Buyback Reverse Repo Operation – Eastmoney
• Net ETF Subscriptions Exceed ¥560亿元 Amid Volatile Trading – Eastmoney
• Gold Rally Prompts Banks to Raise Minimums for Accumulation Plans – Eastmoney