China

The move to combine the QFII and RQFII into a single 'qualified foreign investor' regime is aimed at further easing foreign access to China's capital markets.

FTSE Russell cites significant market infrastructure improvements to expand access to international investors, improve liquidity, and develop settlement and custody processes.

The conviction is said to be linked to a criminal case involving the head of a Citic Group asset management subsidiary.

China Asset Management, E Fund Management, Huatai-PineBridge Fund Management and ICBC Credit Suisse Asset Management received approval.

The two entities will identify, explore and build fintechs that supports the DCEP on JD.com’s existing e-commerce platforms and services.

Once the new A-share based derivatives products are launched in Hong Kong, they should be opened up to Mainland investors via Stock Connect.

The PBOC and SAFE are consulting on new rules that will reduce restrictions on outward remittances for institutional investors, among other rule changes.

Luckin was able to falsely inflate revenue, costs and profits last year with the help of 43 third-party companies, which have also been fined.

From 1 November, banks and payment institutions that try to restrict consumers from choosing financial products and services offered by other institutions can be penalised.

Foreign firms and individuals could be hit with trade, investment and visa restrictions is they fail to "correct" their behaviour within a time limit.