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Real-time News
On September 4th, multiple sources revealed that regulatory authorities have issued new requirements regarding the pre-assessment mechanism and continuous monitoring of securities and fund institutions entrustment of third-party internet platforms to provide transfer channels. This regulatory report details the requirements of the "Administrative Measures for Online Marketing of Financial Products." According to Articles 21 and 23 of the Measures, financial institutions entrusting third-party internet platforms to provide services for online marketing of financial products must establish a pre-assessment mechanism and continuously monitor the compliance, security, and agreement performance of the third-party internet platforms. Sources indicate that regulatory authorities will include the cooperation between industry institutions and third-party internet platforms in their routine regulatory oversight. For high-risk collaborations, on-site inspections will be initiated, and any violations will be dealt with according to law.On September 4th, Israeli Defense Minister Katz stated that the recent Israeli military operation to control the Ali Taher Ridge in southern Lebanon is an important step in consolidating the Israeli military presence in the region. He also stated that Israel will not withdraw from the "safe zone" in Lebanon until Hezbollah is completely disarmed. In his statement, Katz said that he and Israeli Prime Minister Netanyahu are pursuing a "clear and uncompromising" policy: Israel will not withdraw from the Lebanese "safe zone" until Hezbollah is completely disarmed and no longer poses a threat to residents in northern Israel. Katz stated that controlling Ali Taher is an important step towards achieving this goal, marking the completion of the Israeli militarys mission to establish a "safe zone" in southern Lebanon.On September 4, Russian Presidential Press Secretary Dmitry Peskov responded to reports that US Presidential Envoy Sergei Witkov and Presidents son-in-law Jared Kushner planned to visit Moscow and Kyiv on September 5 and 6, respectively. He stated that no prior announcements would be made, but notifications would be given upon contact. Peskov said that the US is continuing its mediation efforts, and Russia is willing to shift towards peaceful means to achieve its goals. He reiterated that the peace conditions outlined by Russian President Vladimir Putin in the Foreign Ministry in June 2024 remain unshakable. However, he stated that there are currently no specific preconditions for the peace process. In June 2024, Putin, during a meeting with the Russian Foreign Ministry leadership, stated that Russia would immediately announce a ceasefire and begin negotiations once Ukraine withdrew its troops from the Donetsk, Luhansk, Zaporizhia, and Kherson regions and announced that it would not join NATO.September 4th - The British government is expected to approve a large new gas field in the North Sea within weeks, ending years of legal and political wrangling. This marks Prime Minister Andy Burnhams first major statement on the domestic oil and gas industry. Sources indicate that Energy Secretary Miata Farnbler is expected to approve the Jack Dock gas field project, located approximately 150 miles east of Aberdeen, this month, with a decision on another field, Rosebank, to follow later. Farnblers decision means the Jack Dock gas field could begin producing gas as early as this winter, but this move is likely to face strong opposition from climate scientists and environmentalists, especially after the UK experienced a summer heatwave and wildfires.On September 4th, Phison CEO Kenneth Pan stated that during recent meetings with two Flash memory manufacturers, both frankly admitted that "the shortage next year is unknown." This indicates that NAND Flash supply remains quite tight. Therefore, the market no longer needs to discuss whether Flash will be in short supply; the real key is that in this tight supply and demand situation, "whoever has the ability to secure more resources" will determine the future competitiveness of companies. Pan pointed out that the demand for semiconductors driven by AI is only just beginning. Given TSMCs continued expansion of AI-related capacity, more AI chip shipments will inevitably push up DRAM and Flash usage simultaneously. The consumption of semiconductor capacity by AI may continue for two or three decades, and will not quickly turn into oversupply within one or two years simply due to memory manufacturers expanding production.
