A former senior CIA official and military analyst said recent Houthi advances have put the US in a bind: if Washington cannot back Saudi Arabia, Riyadh may be driven to reconcile with Iran to offset a sharp drop in oil exports. He called the Houthis Iran’s most effective proxy, able to withstand strikes by Saudi Arabia, the UAE and the US. Monday’s Oman meeting on the Strait of Hormuz was cancelled — a key signal that may reflect a US request to delay while consulting Saudi Arabia on a coordinat

China A-share PCB names extended gains; Chaosheng Electronics and Tiantong Co. hit daily limit; Inno Laser and Jialichuang rose over 9%; Hongxin Electronics and Gaussbell also advanced.

China Securities Association has circulated a draft revision of the securities firms and staff integrity implementation rules for industry comment, with feedback due Sept. 29. Article 13 expressly establishes a remuneration clawback: where a firm confirms staff engaged in integrity violations, it may recover pay pursuant to labour contracts and internal rules. The draft also pairs positive incentives — staff who resist improper benefit transfers and proactively report major integrity risks may receive priority in awards and promotions. The one-for-one clawback-and-incentive design is intended to close the compliance loop at firm level.