China

AIA and PICC said the incorrect data in their solvency reports was due to an incorrect understanding of the rules as well as calculation errors.

The move is aimed at channelling resources into sectors that align with the national agenda, such as information technology and advanced manufacturing.

White paper calls for more consistent ESG-related standards, a uniform disclosure template for companies, and measures to boost foreign participation.

The NDRC said it will crack down on the spreading of false information, price gouging and speculation to ensure the smooth operation of the iron ore market.

Among other measures, the rules set requirements on the maximum term of different types of loans, to help banks guard against maturity mismatch risks.

China Merchants Bank, China Merchants Bank, UnionPay, and 26 of their responsible persons were fined for a total 31 regulatory violations.

Standard Chartered Bank has become the first foreign bank to complete a transaction in China's treasury bond futures market.

Top regulator Guo Shuqing said supervision of internet platform companies will normalise. Jack Ma has meanwhile ceded control of Ant Group.

Regulators are reportedly planning to ease borrowing caps on some property firms and extend the deadline for meeting debt targets set by the “three red lines” policy.

The SZSE and PSE will pursue market connectivity through the development of cross-border products and cooperation on index compilation.