U.S. President Trump on Iran: We will take action against them.

Market sources: US Treasury, via the Federal Reserve Bank of New York, notified several banks to prepare for "future actions".

On July 31 the CSRC disclosed nine administrative penalties. Guoyuan Securities, Guorong Securities and Yongxing Securities were ordered to rectify and three related heads of investment banking were sanctioned. GF Securities, Century Securities and Hongta Securities received warning letters. All actions cite investment-banking violations, with deficiencies in quality control and internal-control processes singled out. Regulators said enforcement is focused on project execution quality and the effectiveness of the “three lines of defense,” signaling that IB internal controls must be substantive and compliance breaches will not be tolerated.