Mango Excellent Media chairman Cai Huaijun said the AI long-form series Hou Xiyouji can reduce total production costs to a fraction of comparable S-level live-action dramas and, versus top S+ costume productions, to roughly one-eighth to one-tenth. T

Two U.S. officials said Saudi Crown Prince Mohammed bin Salman called President Trump twice on Thursday urged strikes on Houthi forces after they seized a strategic coastal city, bringing them closer to the Bab al‑Mandeb Strait. Trump declined, and U.S. officials say the government currently has no plans for direct strikes on the Houthis. With Iran having already disrupted traffic through the Strait of Hormuz, Houthi control of Bab al‑Mandeb could give Tehran a new lever over the U.S. and its Gulf allies. Washington, alarmed by the rapid escalation in Yemen, has stepped up support for Riyadh while trying to avoid direct military intervention; the Saudi request marks a sharp reversal from July, when Riyadh said it could handle the Houthis alone.

Key News 1. The "15th Five-Year Plan for Building a Financial Power" was officially released. 2. The People's Bank of China (PBOC) will conduct overnight reverse repurchase operations for four consecutive days. 3. The PBOC: The PBOC will improve the reserve requirement system and conduct open market operations more flexibly and precisely. 4. The market value of A-shares held by medium- and long-term funds increased by 12.5% compared to the end of last year. 5. The General Office of the State Council: Encouraging leading enterprises to take the lead in fulfilling the "60-day cash payment commitment". 6. The State Financial Regulatory Commission: Vigorously rectifying "price wars", illegal rebates, and "high interest, high rebates" practices. 7. The National Development and Reform Commission (NDRC): Reminding and warning operators suspected of disorderly competition through low prices, and organizing cost investigations when necessary. 8. The NDRC's Private Enterprise Bureau publicly promoted a batch of investment projects in the fields of transportation, logistics, water conservancy, and energy to private enterprises. 9. The Ministry of Commerce: China and the United States are negotiating a framework arrangement for a $30 billion reciprocal tariff reduction. Individual Stock News 1. Suiyuan Technology debuts on the STAR Market today, with an issue price of 142.18 yuan. 2. Jinlianchuang: The window for price increases is about to open, and the expected increase in retail prices this round may reach around 400 yuan/ton. 3. Zhuhai Guanyu: Currently supplies battery cells for Apple's laptops and multiple mobile phones, including foldable phones. 4. Yuanwanggu: Plans to acquire 100% equity of Guangtai Communication, whose main business is automated coupling equipment for optical communication devices and modules. 5. Youcai Resources: The actual controller has changed to the State-owned Assets Supervision and Administration Office of Jiangyin Municipal People's Government; the stock will resume trading on the 11th. 6. Dingxin Communication, which has hit the daily limit for two consecutive days: Failed to win a bid in the first batch of State Grid's 2026 power business. 7. Guochuang High-tech, which has hit the daily limit for two consecutive days: Rising petroleum asphalt prices will increase the company's raw material procurement costs.