China commercial info center stats say in Oct China's 100 largest retail market saw a total sales revenue fo 23.2 bln Rmb and grew by 8.24% yoy and note the growth rate was 17.42 percentage points lower than last year. Pls compare this number with the government NBS data of total social retail consumption growth of 22% and total volume 1.0083 trillion Rmb.  Anecdotal cases also show in Yangtze delta region the retail consumption slowed down sharply.
Domestic retail investors are now allowed to direct trade certain categories at the Shanghai gold commodity future market and can also deliver the gold physically. Market might interpret this as an incentive for gold demand to increase.
According to Topview, yesterday's trading order flow is as below: Mutual Funds - net sale Rmb850mn; Insurance - net sale Rmb250mn; Securities Firms (mainly retails and private funds) - net buy Rmb1.15bn.
China Securities Journal estimated that the sell-off of the recently unlocked shares may have accumulated to over 400mn shares in the first 3 weeks in November, compared with a totally 404mn shares sold in October.
CSRC said yesterday that the the government is stepping up efforts to improve the study of domestic refined oil pricing mechanism and the implementation of gasoline tax reform.
Yin Weimin, Human Resources and Social Security Minister, said yesterday that as of the end of the third quarter of the registered urban unemployment rate was 4.0%, and so far there is no large-scale lay-offs and migrant workers being forced return home from urban factories.
China's cotton prices dropped about 5% in October.
China's renewable energy generation industries got 2 billion Rmb subsidies from the government.
CSRC approved Rmb30bn and Rmb13.5bn of corporate bond insurance plans by PetroChina (601857) and Daqin Railway (601006), respectively.
Haitong Securities (600837) - 1,289,275,360 restricted shares derived from its private placement in 2007 will become floatable since TODAY and note this volume is about 8 times bigger than the current floating size. Expect price impact downward to drag down share prices of the whole security broker sector.

Listcos:
Pan Steel Group got approval to issue no more than 3 billion Rmb short-term note.
Sany Heavy Industry Co Ltd (600031) plans to implement its asset injection soon.
China Shenhua paid 300 million AUD prospecting license prices to discover coal mines in Australia.
MingShen Bank (600000) announced that the extraordinary shareholder meeting approved its plan to continue selling its holding of 380mn shs of HaiTong Securities (600837), 4.63% of the total outstanding shares.