沪铝主力 (SHF_AL) 加自选

中国国家统计局10月制造业采购经理人指数降至49，收缩加剧。10月份，中国官方制造业采购经理人指数从49.8降至49.0，低于49.7的预期，为六个月来的最低水平。自4月以来，该行业一直在收缩。

China NBS Manufacturing PMI falls to 49 in October, contraction deepens.China's official manufacturing PMI fell from 49.8 to 49.0 in October, missing expectations of 49.7 and marking the lowest reading in six months. The sector has now been in contraction since April.

据路透社报道，国家发展和改革委员会发言人李超周五表示，中国已拨款2000亿元人民币（280亿美元）的地方政府专项债券配额，以支持对某些省份的投资。此举是旨在补充地方财政的5000亿元基金的一部分。李说：“我们有信心、有能力实现全年经济增长和社会发展目标。”他补充说，政府将根据形势需要及时出台政策措施。一天前，新华社报道称，中国已通过一项新的政策性金融工具拨款5000亿元人民币（705.6亿美元）以促进投资。国家开发银行、中国进出口银行和中国农业发展银行分别拨款2500亿元、1000亿元和1500亿元。

China has allocated 200 billion yuan (USD 28 billion) in local government special bond quotas to support investment in certain provinces, a spokesperson for the National Development and Reform Commission, Li Chao, said on Friday, as reported by Reuters. This move is part of a broader 500 billion yuan fund aimed at replenishing local finances. “We are confident and capable of achieving the full-year economic growth and social development targets,” Li said, adding that the government will roll out policy measures promptly as circumstances demand. A day earlier, Xinhua reported that China has allocated a total of 500 billion yuan (USD 70.56 billion) through a new policy-based financial instrument to boost investment. The China Development Bank, the Export-Import Bank of China, and the Agricultural Development Bank of China allocated 250 billion yuan, 100 billion yuan, and 150 billion yuan, respectively.

中国新增2000亿元地方债券额度以刺激投资。中国国家规划师周五表示，中国已拨款2000亿元人民币（280亿美元）用于新的地方政府特别债券配额，以支持投资和加强地区财政。

China adds 200 billion yuan in new local bond quota to spur investment.China has allocated 200 billion yuan ($28 billion) in new local government special bond quotas to bolster investment and strengthen regional finances, the country's state planner said on Friday.

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The Shanghai Composite fell 0.2% to below 3,980, while the Shenzhen Component dipped 0.05% to 13,525 on Friday, extending losses from the previous session as disappointing manufacturing data weighed on sentiment. Weaker factory activity reflected renewed Sino-US trade tensions, sluggish domestic demand, and a prolonged property downturn. Meanwhile, Presidents Xi and Trump met on Thursday, with Washington agreeing to lower tariffs on Chinese imports and Beijing pledging to curb fentanyl exports, boost US soybean purchases, and suspend rare earth export controls. However, the outcomes were largely expected, offering limited market lift. Profit-taking also pressured mainland shares, with tech and AI-related stocks retreating, including Zhongji Innolight (-4.8%), Eoptolink Technology (-5.4%), Foxconn Industrial (-5.1%), Victory Giant (-6.6%), and Cambricon Technologies (-1.8%).