Shanghai Stock Exchange: Silang Technology's STAR Market IPO review status changed to "accepted"; sponsor is Guotai Haitong.

KPMG survey of 275 manufacturers found 42 pct have shifted or are considering shifting production to the US to address persistent trade uncertainty and rising competitive pressure. 57 pct have delayed, reduced or cancelled capex citing trade uncertainty and competitiveness concerns. 80 pct plan to keep headquarters in Canada, but 11 pct intend to relocate HQ to the US within five years; manufacturing accounts for more than 10 pct of Canadian GDP, so even that share could have a material economic impact. Manufacturers remain highly dependent on the US market: 61 pct said they could not survive without US sales. 86 pct export outside Canada, and among exporters 96 pct say their products meet USMCA rules and thus avoid tariff exposure. The survey comes as USMCA-related discussions intensify. KPMG Canada industrial markets partner Anamika Gadia said government action on competitiveness, tax, regulation and trade will determine whether manufacturing investment remains in Canada.

In a letter to bank CEOs, ECB chief supervisory officer Claudia Buch required lenders to submit action plans by end-October to address rising cybersecurity threats from advanced AI models, citing examples such as Anthropic’s Claude and Mythos. Buch urged faster software patching, strengthened AI-driven cyber defenses, tighter oversight of third-party vendors and long-term infrastructure modernization. ECB President Lagarde last month warned AI could trigger a financial crisis and said CEOs must ensure readiness and recognize the need for substantial investment. The ECB has stress-tested 109 banks under a severe cyberattack scenario and said most detected vulnerabilities have been fixed.