Russian foreign minister LAVROV arrived in Tehran on Oct 19. He will meet Iranian officials to discuss the regional situation and bilateral relations.

国家统计局：9月份，70个大中城市中，一线城市商品住宅销售价格环比继续上涨，二三线城市环比降幅总体收窄，一二三线城市同比降幅均收窄，环比上涨城市个数比上月增加。

The PBOC and multiple ministries issued guidance to finance international tech-innovation centres in Beijing (Jing-Jin-Ji), Shanghai (Yangtze River Delta) and the Guangdong-Hong Kong-Macao Greater Bay Area. The document calls for expanding patient capital to lead high-end industries and building international venture-capital centres in the three regions. It directs the National Venture Capital Guiding Fund to back sub-funds and projects in emerging and future industries and to deploy the already established social-security sci-tech fund to provide steady, orderly funding for the tech sector. It urges active matching of high-quality startups with patient capital, stronger coordination between patient capital and incubators, and targeted investment support for incubating firms and teams. The guidance also supports developing M&A funds, strengthening regional coordination of M&A financial services, removing implementation bottlenecks and reviving merger-and-acquisition activity.