Following the downward adjustment of the MLF (Medium-term Lending Facility) interest rate on November 5, the PBC (People's Bank of China) once again operated "rate cut" during the month, which has triggered widespread market attention. On November 18, the PBC restarted the reverse repurchase operation and lowered the interest rate from 2.55% to 2.5%, which is the first decrease of the 7-day reverse repurchase operation interest rate time since October 27, 2015. On that day, the three major stock indexes of the stock market turned red, and the bond market rose sharply. Many analysts pointed out that through the combination of reverse repurchase and MLF policy instrument, long-term and short-term interest rate matching can ensure reasonable and ample liquidity and stable liquidity expectations. In addition, both the money market interest rate and the reverse repurchase downregulating make the downward adjustment of the MLF interest rate possible. It is expected that the LPR (Loan Prime Rate will further decline with the policy rate and that there is still the possibility for the deposit reserve ratio to go down at the end of this year or early next year.

According to data released by the PBC on the 15th, China's treasury bond market issued RMB 3.1 trillion of various bonds in October, leaving a balance of RMB 96.6 trillion in custody in the bond market.

The Chinese investors had made non-financial direct investment in 5,365 overseas enterprises in 164 countries or regions from January to October in 2019, totaling the cumulative investment of RMB621.78 billion (equivalent to USD90.46 billion), a year-on-year increase of 5.9%, said Gao Feng, the Press Spokesman of Ministry of Commerce of the People's Republic of China, on Thursday. The foreign direct investment in October registered RMB66.95 billion (equivalent to USD9.47 billion), up 28% year on year. From January to October in 2019, the turnover of foreign contracted projects reached RMB793.96 billion (equivalent to USD115.51 billion), basically the same as the same period of the last year, and the value of newly signed contracts boasted RMB1214.41 billion (equivalent to USD176.68 billion), up 10.1% year on year. 393,000 workers of all kinds were dispatched for foreign labor cooperation, and there were 1.012 million overseas workers in total by the end of October, an increase of 19,000 from the same period of the last year.

On November 13, the Beijing Municipal Commission of Planning and Natural Resources issued the big news. In order to strengthen the overall planning of regional functions and improve the quality of living environment and public services, Beijing will supply residential lands and commercial lands separately when lands enter into the market.

As an effort to leverage the role special bonds play in ensuring stable growth and tackling areas of weakness, the State Council, in September, clearly required the additional quota of 2020 special bonds to be issued in advance, focusing on major infrastructure projects in transportation, energy, agriculture, forestry and water conservancy, eco-environment protection, people's livelihood services, municipal administration and industrial parks. According to a market analysis, the quota for the special bonds to be released ahead of schedule in 2020 will be about RMB1.29 trillion.

According to preliminary statistics, during the Second Session of the China International Import Expo, a total of 181 countries, regions and international organizations participated in the fair, more than 3,800 enterprises took part in the enterprise fair, and more than 500,000 professional buyers from home and abroad were present at the fair to negotiate their purchases, with an exhibition area of 360,000 square meters. The number of new products, technologies or services launched globally or on the Chinese mainland is 391, higher than that of the first.

On November 7, the State Council issued the Opinions on Further Improving the Use of Foreign Investment (the Opinions for short below), which put forward a total of 20 opinions from four aspects: deepening opening up, intensifying investment promotion, deepening investment facilitation reform, and protecting the legitimate rights and interests of foreign investment.

Financial Stability and Development Committee of the State Council (the "Financial Committee'' for short below) held the ninth meeting and researched on the issues involving deepening the reform of medium and small banks, forestalling and defusing financial risks, etc., mentioning the necessities to strength the reform of the basic systems of the capital market, fully leverage the pathfinding role of the investment funds and venture capital funds of various industries, and better meet the financing needs of enterprises committed to scientific and technological innovation.

Beijing-Tianjin-Hebei regional development index was 160.13 in 2018, increased by 6.14% from the last year, according to data released by the National Bureau of Statistics on Friday. Among them, the index of shared development was the highest and its rising trend was the most obvious, the index of innovation development and the index of green development showed a steady upward trend, and the three sub-indexes were 248.27, 158.27 and 146.84 respectively, which were the main forces to promote the rising of the index of Beijing-Tianjin-Hebei regional development; The coordinated development index and the open development index were 122.08 and 125.17 respectively.

On November 2, the Research Center of the SASAC of the State Council released the Report on High-quality Development of Central Enterprises. At the same time, the Reform Office of the SASAC of the State Council organized and published the Course of SOEs reform 1978-2018 and Reform Practice: A Pilot Case Collection of Reform of State-owned Assets and State-owned Enterprises.