☕️ Good morning, friends,

Two presidents meet. One receives a smartphone as a gift. “How’s the cybersecurity on this thing?” he asks.

“You can check if we built in a backdoor,” replies the giver. Everyone laughs.

Not a joke — it actually happened during Xi Jinping’s visit to South Korean President Lee. Here’s the video. 👀

P.S. Partner of the week: SNIEC. No backdoors — just over 7 million visitors and 120,000 exhibitors every year. 🤝

📢 Highlights: The MSCI China fell about 2% in October, marking its first decline in five months. The recent Trump-Xi rapprochement only slightly improved sentiment.

Starting November 10, Beijing will expand the ETF Connect, a trading bridge between mainland China and Hong Kong. Six new southbound ETFs with US exposure will be added, allowing mainland investors to indirectly access US markets without moving capital abroad. This marks an important step toward opening China’s financial markets.

TOP BIT

✈️ COMAC’s challenge to Boeing and Airbus

Brunei has become the first country outside China to recognize Chinese aviation standards officially.

This means jets made by China’s aircraft manufacturer COMAC can now operate in the Southeast Asian nation’s airspace — a symbolic breakthrough in Beijing’s long-term effort to break the decades-old Boeing–Airbus duopoly.

The Details

🇧🇳 Green light from Brunei: The Sultanate officially …