Wuhan municipal government issued measures to deepen tech–industry innovation integration. For private equity, the city aims for more than 1,500 registered funds, annual fund-management scale growth above 20%, and total AUM of 300 billion yuan by 2028. It encourages industry departments to inject special-purpose funds into SOEs by converting allocations into investments. Government contributions to venture funds may exceed 50% and fund terms can be extended to 15–20 years; actively managed seed

At the 02:30 close, SHFE gold most-active contract fell 0.70% to 949 yuan/gram, SHFE silver most-active contract fell 0.25% to 16,157 yuan/kg, and SC crude oil most-active contract rose 1.62% to 715 yuan/barrel.

US Treasury Secretary Bessent will disclose the size of an expanded federal debt buyback program; market participants view the number as a lever to curb rising long-term borrowing costs. Financial institutions currently expect a $5–6 bln operation; economists warn a $4 bln package could disappoint and rekindle selling, while a materially larger size would signal the government is more concerned about market instability. Bessent has defended the interventions, calling the recent sell-off a speculative spike warranting policy response and saying his aim is to restore market equilibrium, not to set long-term rates. Ten-year Treasury yields remain near 2023 highs — a direct driver of US mortgage rates and corporate borrowing costs — leaving the announced buyback size an immediate market-moving variable.