According to The Information, OpenAI is in talks for a new round of funding with a valuation of $1.2 trillion.

Domestic News: 1. Iranian Foreign Minister Araqchi will visit China on September 16. 2. The 15th Five-Year Plan for the Development of the Electronic Information Manufacturing Industry was released. 3. China Iron and Steel Association: Strictly implement production control and adhere to self-discipline to control production and reduce inventory. 4. In response to issues such as "lowest price across the entire network," two departments held an administrative guidance meeting for the online hotel booking platform service industry. 5. Zheng Shanjie, Director of the National Development and Reform Commission, chaired a symposium for private enterprises to solicit opinions and suggestions on optimizing the development environment and expanding investment space. 6. In August, the added value of industries above designated size increased by 5.2%; total retail sales of consumer goods reached 3,982.4 billion yuan, a year-on-year increase of 0.4%. From January to August, national fixed asset investment reached 29,309.2 billion yuan, a year-on-year decrease of 7.2%; national real estate development investment reached 4,797.9 billion yuan, a year-on-year decrease of 19.9%. International News: 1. British media: The Bank of England plans to stop selling long-term government bonds. 2. The yield on the 10-year US Treasury note rose to its highest level since 2007. 3. The US Energy Secretary stated that the Saudi East-to-West oil pipeline will resume operation within days. 4. The Kremlin: Welcomes the proposal for a ceasefire in the Russia-Ukraine energy conflict and calls for the lifting of sanctions against Russia. 5. OpenAI: Is collaborating with Anthropic and Google on artificial intelligence security work. 6. Hassett: Trump and I respect any decision Fed Chairman Warsh makes tomorrow. 7. US House Speaker: AI development cannot be halted; AI company executives are expected to visit the White House within the next week. 8. Bessant: Rising bond yields are due to "global issues," with rising oil prices being a major factor; bond buyback operations have been successful. 9. Bessant: The Treasury Department invested symbolic funds in the yen intervention, earning tens of millions of dollars. Supports the "$5,000 election bonus" plan, which will not increase the deficit. Fiscal consolidation is "coming soon." 10. Middle East Situation— ① Oman's Foreign Minister and the US Secretary of State held a telephone conversation to discuss regional developments and efforts to ease regional tensions. ② Israeli media: Israel is assisting Saudi Arabia in intelligence gathering against the Houthi rebels. ③ US, Israeli, and Gulf military leaders met secretly in Germany to coordinate responses to the situation in Iran. ④ IRNA reported that several explosions were heard this morning on Iran's Qeshm Island, originating from the sea. ⑤ Shipping sources: Oil loading operations at Yanbu, Saudi Arabia's largest Red Sea port, have been suspended following the attack on the east-west oil pipeline.

UK gilts continued to rise; the 2-year yield fell 8 bps intraday to 4.81%.