After the National Day holiday, China’s public mutual fund issuance market rebounded: 65 new funds began subscriptions in the week Oct 12–18, up 209.52% week-on-week and the highest pace in nearly six weeks.

Beijing Chaoyang Public Security Bureau said on Oct 12 it has opened a criminal investigation into companies related to CreditEase, alleging suspected criminal violations. Actual controllers Tang (male, 53) and Zhao (female, 51), along with several other suspects, have been placed under criminal coercive measures.

Attacks on a Saudi airport and a tanker near the Strait of Hormuz heightened supply-risk concerns, pushing oil higher in early trade. WTI rose as much as 1.0% to $91.88/bbl; Brent climbed to $103.70/bbl. Year-to-date global benchmark oil prices have gained over 70% amid sustained US-Iran hostilities with no clear resolution. Although Gulf producers have largely restored exports via the Strait to near pre-conflict levels, a surge in tanker attacks and rising regional tensions could threaten flows. Traders also monitored Hurricane Isaias, which caused power outages across three US states and at least four deaths; the US Department of Energy said it will approve emergency swaps of up to 4 mln barrels from the Strategic Petroleum Reserve to ease hurricane-related supply disruptions.