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Real-time News
Mizuho Bank: Lowered its price target for SanDisk (SNDK.O) from $1,900 to $1,875.Mizuho Bank: Lowered its target price for Micron Technology (MU.O) from $1,375 to $1,300.A spokesperson for the Qatari Ministry of Foreign Affairs stated that the US sanctions against Iran are unilateral, and Qatar supports efforts to resolve the issue through mediation.A joint statement from the Israel Defense Forces and the Security Directorate stated that they attacked and destroyed five Hamas weapons storage facilities and one rocket launch site in the Gaza Strip.On August 25th, a new restriction was added to the investment scope of wealth management funds: investment in non-standard consumer loan assets is prohibited. "We have received a notice from our superiors saying that investment in non-standard consumer finance assets is no longer allowed," said an investment manager at a city commercial banks wealth management company. "Currently, no new investments are allowed; existing assets will naturally mature," another investment manager at a joint-stock banks wealth management company confirmed. Several industry insiders stated that the investigation of a loan facilitation platform in the first half of this year necessitates a reassessment of the risks associated with non-standard consumer loan assets. Others indicated that similar requirements existed at the beginning of the year and have been implemented for some time. However, this investment restriction does not mean a complete ban on consumer finance assets within the wealth management industry. Related information shows that consumer loan ABS is currently unaffected and not included in the investment restrictions.
