On Sept. 29, the main works of Hainan commercial space launch site Phase II were completed and joint rehearsals began. The project built two general-purpose medium liquid-fuel launch pads capable of supporting two-stage rockets up to 5m in diameter, including Long March-12B. Following additional rehearsals and testing, the two pads are scheduled to attain launch capability within the year.

China’s eight departments issued guidance to help tech-service breakthroughs by developing financial products tailored to light-asset, long-cycle business models, focused on R&D and design, intellectual property, tech commercialization, and testing/certification. The guidance urges adapting financial markets and ecosystems to support incubators and innovation-service platforms, and to develop technology-transaction markets and finance solutions tied to tech-data trading to cultivate higher-level tech-transfer institutions and technology managers. It supports M&A financing for core manufacturing firms to consolidate upstream and downstream tech-service providers along the chain. The document also promotes tech insurance — including product R&D liability coverage — and encourages insurers to partner with pilot/testing institutions to provide related policies.

布伦特原油站上99美元/桶，日内涨0.72%。