3Q rev/np -4.6%/+4.7%; above market expectation Implications of Intel 3Q23: PC recovery, server destocking progress and new platform launches A one-stop auto service ecosystem Profit may continue to beat in next few quarters 3Q NP dragged by investment setbacks; first-in-sector steady agent scale props up 2024 NBV Fixed Income Daily Market Update 3Q23 earnings review: Weichai & Zoomlion beat; SANY Heavy & Jiangsu Hengli miss 9M23 Monthly: Life reversed negative monthly Y/Y, PC uptrend continued; assets to benefit from LT yields up China Economy: PMI dropped to contraction calling for additional policy easing Fixed Income Daily Market Update