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Iranian military spokesman Akraminia said military jurisdiction in the Persian Gulf is split between the Islamic Revolutionary Guard Corps and the regular navy. The IRGC is responsible for operations in the western Strait of Hormuz; the Iranian navy

2026-10-16

Iranian military spokesman Akraminia said military jurisdiction in the Persian Gulf is split between the Islamic Revolutionary Guard Corps and the regular navy. The IRGC is responsible for operations in the western Strait of Hormuz; the Iranian navy covers the eastern strait and waters extending into the northern Indian Ocean.

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2026-10-16

On October 15th, the Buffett Index (CSI 300 market capitalization/GDP) continued to decline to 85.5%; the equity risk premium (ERP) of the CSI 300 Index, a stock-bond cost-effectiveness indicator, rose to 6.05%, breaking through the key 6% threshold;

On October 15th, the Buffett Index (CSI 300 market capitalization/GDP) continued to decline to 85.5%; the equity risk premium (ERP) of the CSI 300 Index, a stock-bond cost-effectiveness indicator, rose to 6.05%, breaking through the key 6% threshold; suggesting that the advantage of stocks relative to government bond yields has increased, and the market is entering a relatively attractive allocation zone. -------- Note: 1. The Buffett Index compares the total market capitalization of the stock market with GDP to determine whether the stock market is currently overvalued. Generally, 70-100% is considered a normal valuation, below this range is considered undervalued, and above this range is considered overvalued. 2. The CSI 300 Index risk premium (ERP) mainly compares the returns of the CSI 300 and the yield of government bonds. Statistics from the past 10 years show a clear inverse relationship between this indicator and the stock index. Whenever the stock market is in a bottoming-out phase, the risk premium exceeds 6%. In other words, when ERP ≥ 6%, the stock market offers good investment value, while when ERP ≤ 4%, the stock market is often near or at a temporary high, offering low investment value and even warranting caution regarding the risk of a correction.
2026-10-16

China foreign minister Wang Yi met Turkey foreign minister Fidan in Baku on the sidelines of the CICA summit on the 15th. Wang said Beijing welcomed Turkey’s repeated emphasis on Chinese security concerns and urged continued Turkish understanding and

China foreign minister Wang Yi met Turkey foreign minister Fidan in Baku on the sidelines of the CICA summit on the 15th. Wang said Beijing welcomed Turkey’s repeated emphasis on Chinese security concerns and urged continued Turkish understanding and support on China’s core interests to reinforce the political foundation of bilateral ties. Beijing signaled support for Turkey hosting UNFCCC COP31 and offered to deepen climate cooperation. The two sides agreed to align China’s Belt and Road initiative with the Middle Corridor plan to improve conditions for two-way investment and mutual economic benefit.
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