Fixed Income Daily Market Update HRINTH: The repurchase focuses changed？ Morning Brief Technology (Hardware/Semi): Thematic investment & megatrend: CSP3 & Meta ramp up spending to stay at the AI front line SMIC/Hua Hong Semi 3Q23: in-line revenue; ASP/GPM pressure to persist into 4Q23E Thoughts on Nvidia’s customized AI chips for China China Construction Machinery: Assessing the impact of the European Commission’s anti-dumping investigation against China-made AW Will Humane’s AI-powered screenless device become the successor to smartphones？ China Policy: Credit growth stabilized thanks to fiscal expansion Fixed Income Daily Market Update