1. China's consumer price index rose 1.3 percent year-on-year in October, data from the National Bureau of Statistics showed Tuesday, slower than a 1.6 percent rise in September, due mainly to falling growth in food prices. October marked the second straight month of slowdown in consumer inflation after three consecutive months of acceleration. Tuesday's data also showed that China's producer price index (PPI), a measure of the country's wholesale factory prices, dropped 5.9 percent on a yearly basis in October, unchanged from a 5.9 percent year-on-year fall in September.
2. The balance of margin trading on the Shanghai bourse increased 3.3 percent over the previous trading day to 678.85 billion yuan by Monday, the biggest gain since the end of last year. The balance of margin trading on the Shanghai and Shenzhen bourses had exceeded 1.1 trillion yuan by Monday.
3. A total of nearly 300 million shares of two Shanghai-listed companies held by Zheng Suzhen, mother of Xu Xiang, the manager of troubled Zexi Investment, has been frozen by China's public security unit, China Securities Journal reported on Tuesday. Daheng New Epoch Technology Inc (600288.SH) and Wenfeng Great World Chain Development Corporation (601010.SH) announced on Tuesday that they got notices from Shanghai Stock Exchange on the issue. Calculated by the closing prices on November 9, the frozen shares were valued at some 4.3 billion yuan. Xu Xiang, general manager of Shanghai-based Zexi Investment, was reported to have been investigated by the authorities for suspected insider trading as announced by the Ministry of Public Security on November 1.
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