China

The affiliate, 50 percent owned by Amex subsidiaries, will be able to operate a credit card payment network that will allow Amex-branded cards to be used in China.

China's brokerages are looking to boost capital to guard against further falls in the markets that could threaten the value of loans backed by stock pledges.

China is planning to install anti-graft officials at some of the largest state-owned financial institutions in the country, according to an SCMP report.

The central bank said China might implement the TLAC framework earlier than 2025 because the country's ratio of credit bonds to GDP may exceed the 55% trigger set by the FSB.

China's listed companies have historically used trading halts to prevent stock price declines during market stress, preventing investors from selling for long periods of time.

Announced by President Xi Jinping, the new science and technology board will subject innovative enterprises to different profitability and ownership requirements.

Eleven brokerages have contributed $3.7bn to help listed companies facing liquidity issues, while a new programme is launched to support corporate bond issuances.

PBOC Financial Stability Report says new rules will be unveiled in the first half of 2019 aimed at boosting regulatory oversight over financial holding groups.

The derivatives MoU will enhance cross-border supervision and the development of futures markets, while staff exchanges will deepen ties between the agencies.

CBIRC draft rules loosen restrictions on how much insurance companies can invest in the stock market and in which sectors they can participate.