China

Trading on the interbank bond market will initially be extended to 8 pm local time from 5 pm currently, and will gradually cover global trading hours.

The CSRC granted Credit Suisse approval to raise its shareholding in the joint venture in April, from 33.3% to 51%.

Foreign investors can apply to become prime brokerage clients to trade interbank FX forwards, swaps, and other FX derivatives to hedge interbank bond exposures.

The bank and three executives were fined for failing to perform customer identification obligations and report large and suspicious transactions.

The CFFEX is calling for research into the opening up of its financial futures market to foreign investors, drawing lessons from overseas exchanges.

The CBIRC is scrapping requirements that only allowed insurers to invest in bank bonds of large issuers based on their asset size, capital adequacy and credit rating.

‘Group savings’ products allow customers to join together as participants to receive better interest rates on savings, wealth management and loans

The US will revoke Hong Kong’s treatment as a separate territory from mainland China, sanction Hong Kong and Chinese officials, and examine Chinese companies listed on US exchanges.

The SSE is considering using free float rather than total outstanding shares to calculate a company’s market value for the index, which would reduce the weightings of SOEs.

The move could impact Hong Kong's special trade status under US law, lead to sanctions against officials, and trigger a downgrade of the city's credit rating.