Germany's Reflex Aerospace said it will expand European satellite production, supported by a planned investment from NVIDIA (NVDA.O).

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.

On Oct. 19 PBOC's Pan said at the 2026 Financial Street Forum opening that the central bank will push implementation of interconnection between the interbank and exchange bond markets. He said connectivity between market infrastructures will ease cross-market bond issuance and trading, improve liquidity and price formation, and that the PBOC and the CSRC have completed preparatory work; the link can be activated after testing.