An Islamic Revolutionary Guard Corps spokesman said earlier this morning the IRGC launched a large-scale missile and drone strike on a US base in Kuwait. The spokesman said the attack was a response to an assault on Abbas Port and would continue as a new operational procedure.

The Shenzhou-21 astronaut crew has completed all assigned tasks and will, in the coming days, return to the Dongfeng landing site aboard the Shenzhou-22 manned spacecraft.

Several trust companies have recently increased fees for channel business, with some firms implementing marked hikes. Sources say the moves respond to regulatory guidance to rein in excessive intermediation and to firms’ scale-control and commercial-sustainability needs. A representative of a roughly 100 billion yuan trust firm said some large, channel-heavy trusts are reducing related business voluntarily or under scale limits; several firms are using higher channel fees to compel bank wealth managers to cut cooperation so they can shrink scale while keeping revenue broadly unchanged. Industry average channel fees have risen from about 1 bp to roughly 2 bps. Multiple trust-company sources report that business shed by firms tightening scale control is being absorbed by others, and several trusts are actively seeking access/qualification to manage outsourced business from bank wealth-management firms to enter cooperation whitelists.