$WATER Nedir?

According to a study by the UK Maritime Trade Operations (UKMTO), commercial traffic in the Strait of Hormuz remains severely suppressed due to ongoing Iranian military activities and maritime security risks, with the daily number of vessels hovering in single digits. Despite the Iranian Revolutionary Guard's continued harassment, including drone overflights, high-frequency radio calls, and the establishment of mine danger zones, UKMTO reported that 103 vessels entered and 89 vessels exited this strategic waterway in the past week. However, this total is only about 20% of the average traffic volume from the seven days prior to the conflict. The report found that tanker transportation remains the primary mode of traffic in the Strait of Hormuz, accounting for 45% of the total traffic. The southern route from Oman remains the highest-risk passage, with 16 out of 18 reported shelling incidents since July 6 occurring in this route.

According to research by the UK Maritime Trade Operations (UKMTO), commercial traffic in the Strait of Hormuz remains severely suppressed due to ongoing Iranian military activities and maritime security risks, with the daily number of vessels hovering in single digits. Despite continued harassment by the Iranian Islamic Revolutionary Guard Corps, including drone overflights, high-frequency radio calls, and the establishment of mine danger zones, UKMTO reported that 103 vessels entered the strategic waterway and 89 vessels exited in the past week. However, this total is only about 20% of the average traffic volume from seven days before the conflict. The report found that tanker transportation remains the primary mode of traffic in the Strait of Hormuz, accounting for 45% of total traffic. The southern route from Oman remains the highest risk route, with 16 of the 18 reported shelling incidents by UKMTO occurring in this route since July 6.

According to CCTV Finance, recent long-term government bond yields in major global economies have been rising, increasing sell-off pressure in the bond market. In contrast, China's bond market and exchange rate have remained relatively stable, with Panda bond issuance reaching a historical high for the same period. Data shows that as of August 21, the cumulative issuance of 2026 Panda bonds has reached 209.975 billion yuan, a year-on-year increase of over 73%. Amidst significant fluctuations in the global bond market, international institutions are increasingly focusing on domestic RMB financing. Industry insiders noted, 'We are in completely different economic and monetary cycles compared to overseas. Foreign capital accounts for only about 5%-8% of our bond market, while domestic capital holds absolute pricing power. Coupled with our monetary policy that prioritizes domestic conditions, overseas shocks cannot reverse the overall trend of the domestic bond market.' Looking ahead, industry experts believe that overseas bond yields are likely to remain highly volatile, highlighting the value of RMB bond allocation, which may attract continued foreign investment in the medium to long term. However, it is also important to note that rising U.S. bond yields have raised the return threshold for global allocation funds, which may disturb the willingness of foreign institutions to increase their holdings of RMB bonds. Additionally, the rapid rise in yields of bonds from developed countries overseas may also constrain the valuation of domestic risk assets.