Ministry of Finance sets 550 billion yuan local debt quota; A-share new account openings down 35%

The CPC Central Committee released guidelines on fostering new quality productive forces, while the Ministry of Finance set a local government bond limit of 550 billion yuan. In September, new A-share account registrations fell 35% year-on-year, Apple reduced iPhone orders, and tensions escalated at the Bab el-Mandeb Strait in the Middle East.