Israeli Prime Minister Netanyahu: The Israel Defense Forces recently killed Hamas finance chief Mohammed Abu Alwan in Khan Younis.

China's president departed Beijing on Sept 23 for a state visit to the United States at the invitation of US President Trump. The delegation includes Politburo Standing Committee member and director of the Communist Party's General Office Cai Qi and Politburo member and Foreign Minister Wang Yi.

[Xi Jinping Departs Beijing for State Visit to the United States] On the afternoon of September 23, President Xi Jinping departed Beijing by special plane for a state visit to the United States at the invitation of US President Donald Trump. Accompanying Xi Jinping on the trip were: his wife Peng Liyuan; Cai Qi, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Director of the General Office of the CPC Central Committee; and Wang Yi, member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs.

HKEX filing shows HSBC (00005.HK) repurchased 948,800 shares on Sept 22 for HK$152.2mln.

According to Hong Kong Stock Exchange filings, HSBC Holdings (00005.HK) spent HK$152.2 million to repurchase 948,800 shares on September 22.

I. Reconstruction Scale: The "Rapid Loss and Needs Assessment of Gaza" released in April by the World Bank, the United Nations, and the European Union estimates that Gaza's recovery and reconstruction needs over the next ten years will amount to approximately US$71.4 billion, with about US$26.3 billion needed in the first 18 months. II. Major Demand Areas 1. Housing: ① Approximately US$16.2 billion, the largest single demand item, involving cement, steel, pipes, heavy machinery, etc., creating widespread demand in the supply chain. ② Related Companies: Caterpillar, Komatsu, Volvo Construction Equipment, JCB, Liebherr, etc. 2. Agriculture and Industry: ① Approximately US$10.5 billion, involving irrigation systems, agricultural machinery, greenhouses, seeds, fertilizers, etc. ② Related Companies: John Deere, AGCO, etc. 3. Healthcare: ① Approximately US$10 billion, requiring hospitals, diagnostic equipment, laboratories, intensive care facilities, operating room equipment, ambulances, pharmaceuticals, etc. ② Related Companies: Siemens Healthineers, GE Healthcare, Philips, Abbott, Medtronic, etc. 4. Waste Clearance: ① The total volume exceeds 68 million metric tons, with management and transportation costs potentially exceeding $1.7 billion. This will create demand for excavators, loaders, trucks, sorting systems, temporary storage facilities, and waste management services. ② Relevant companies: Veolia, Suez, etc. 5. Water and Power: ① This includes the construction of water supply networks, wastewater treatment facilities, pumping stations, pipelines and water storage systems, as well as transformers, substations, cables, distribution networks, backup systems, energy storage, and power generation capacity. ② Relevant companies: Xylem, Veolia, Suez, Siemens Energy, Schneider Electric, etc. 6. Digital Infrastructure: ① This requires rebuilding fiber optic networks, mobile communication infrastructure, network equipment, security systems, and digital public services, and will generate ongoing demand through maintenance, software, security, and network upgrades. ② Relevant companies: Ericsson, Nokia, Cisco, etc. 7. Logistics: ① The large-scale transportation of building materials and equipment will make logistics a critical link. ② Relevant Companies: DP World, Maersk, MSC, CMA CGM, etc. III. Potential Participants: 1. China: Possesses substantial manufacturing capabilities in steel, construction, power, and renewable energy technologies; infrastructure companies have extensive experience in international projects. 2. Europe: Has strong capabilities in water technology, environmental services, industrial automation, energy efficiency, healthcare, and power infrastructure. 3. USA: Possesses large engineering, healthcare, energy, and technology companies, capable of participating in different segments of the supply chain. 4. Turkey: Has considerable production capacity in cement, ceramics, cables, and other materials, and a mature international engineering contracting industry. 5. Others: Egypt can provide logistical support and geographical access; Gulf countries can provide capital.