At 12:03 p.m. Beijing time on Sept. 20, a Lijian-1 Yao-18 carrier rocket lifted off from the Dongfeng Commercial Aerospace Innovation Test Zone, placing nine satellites into their planned orbits. Payloads included Qinling-01 and -02, Pujiang-4, the Pengcheng inaugural satellite, Diting-01 A/B/C, Super-Compute-1 and the Yunxiao Pathfinder; the mission was declared successful.

China's five-year loan prime rate (LPR) unchanged at 3.50% as of Sept 21; expected 3.50%, prior 3.50%.

The State Administration for Market Regulation (SAMR) said it will simplify market access by optimizing entry rules, improving foundational registration laws and deepening reform of the registered-capital subscription system to lower institutional transaction costs and make firm entry easier. It will also facilitate orderly exits for long-dormant or ceased businesses to ensure market turnover. SAMR will deploy standards, price enforcement and quality supervision to curb 'involution'-style low-price internal competition and push firms to focus on quality and efficiency. Enforcement of antitrust and unfair-competition rules will be strengthened, with upgraded monopoly-risk monitoring and warning capabilities and improved efficiency of merger reviews. For platform companies, SAMR plans tighter oversight of data, algorithms, traffic and platform rules and will hold platforms accountable as gatekeepers while promoting innovation and healthy platform-economy development.