European tech stocks broadly declined; ASML shares fell 4.1%.

The Guangzhou municipal government office issued a marine-economy "15th Five-Year" development plan directing integration of maritime and low-altitude aerospace industries. The plan pushes scale-up of drones for maritime monitoring, offshore logistics, marine tourism and emergency rescue, and prioritises offshore commercial space activities—launch, recovery, testing and operations—to extend the industry chain. It calls for leveraging LEO satellite constellations to develop marine communications, precise ship navigation/positioning and deep-sea environmental monitoring services. The plan targets concentrated R&D and supply-chain buildout for new materials—heavy anti-corrosion coatings, magnesium-alloy anti-corrosion conductive coatings, marine-biodegradable and extreme-environment materials—plus a deep-sea and polar materials supply system and accelerated deployment of these materials in offshore wind, cross-sea bridges, large ships and deep-sea aquaculture equipment.

Sept 14 — At a State Council Information Office briefing on SME receivables, the State Administration for Market Regulation (SAMR) said it will deepen coordination with the Ministry of Industry and Information Technology and the PBOC to establish information‑sharing on payment abuses. SAMR said it will press large firms that draw frequent SME complaints to rectify via interviews, mediation and coordinated supervision. It warned that, once verified, practices such as obscuring payment‑cutoff dates or using commercial bills and electronic vouchers to effectively extend payment terms will be punished severely under the anti‑unfair‑competition law; complaint channels will remain open.