U.S. Secretary of State Rubio said the U.S. faces a state that openly declares "we are targeting merchant vessels", a stance he said has not been seen since World War II.

At the close on Oct 20 (Tue), China's Shanghai Composite Index rose 4.45 points (+0.12%) to 3,735.37; Shenzhen Composite Index fell 16.13 points (-0.14%) to 11,801.29; CSI 300 Index fell 22.43 points (-0.54%) to 4,152.11; ChiNext Index fell 7.09 points (-0.26%) to 2,739.20; STAR 50 Index rose 13.23 points (+1.00%) to 1,342.42.

Oct 20 — China Development Bank vice president Wang Kebing said at Beijing’s urban renewal platform launch that CDB will establish a dedicated urban-renewal loan in 2025 to step up financial support. During the 14th Five-Year Plan the bank has issued over 2 tln yuan in urban-renewal-related loans, prioritizing underground utility networks, aging residential communities, neighborhood and factory-site upgrades and urban village redevelopment projects.