China

Hong Kong is exploring opportunities to establish a unified carbon market in the Greater Bay Area, leveraging the Guangdong ETS and Shenzhen ETS.

The CSRC will organise on-site inspections to ensure securities and fund practitioners adhere to professional ethics obligations and improve governance.

An announcement may come as early as Friday, ahead of a formal launch on the first Monday after China's Golden Week holiday.

State-owned lender Huaxia Bank has restricted some of its FX services amid regulatory concerns over yuan volatility.

Hainan’s also plans also launch QFLP and QDLP trials and enhanced currency convertibility to facilitate cross-border trade and investment.

SMEs trading on the NEEQ for at least 12 months will qualify to list on the Beijing Stock Exchange, which will adopt the registration-based IPO system.

Government bonds issued by the Ministry of Finance can be used as margin collateral provided they have a face value of at least CNY 1 million.

Through the QDLP scheme, MAS-regulated ADDX will offer Chinese investors access to digital securities covering a broad range of asset types.

BNP Paribas Asset Management will reportedly hold a majority stake in the planned venture with AgBank's wealth management subsidiary.

President Xi Jinping announced that a new stock exchange will be set up in Beijing and reforms at the NEEQ will be deepened to further support SMEs.