China

Chinese stock exchanges will work with HKEX to formulate rules enabling mainland investors' access to Hong Kong-listed dual class shares by mid-2019, after banning them in July.

The CBIRC has fined six banks a combined 156.3 million yuan for breaching rules on wealth management products, lending, and misleading advertising.

The launch has reportedly been delayed in connection with a Brexit parliamentary vote and a lack of clarity from Chinese regulators on technical issues.

The move to unify regulation of the bond markets under one authority is aimed at improving the overall regulatory system and preventing systemic risk.

Wealth management subsidiaries set up by commercial banks can directly invest funds from wealth management products into the stock market.

UBS will become the first foreign financial institution to take a controlling stake in a China-based securities joint venture, having now received formal approval from the CSRC.

The CFFEX has lowered margin requirements and trading costs on stock index futures, while also raising the daily trading limit on individual futures products.editors

The approval marks the launch of the Shanghai-London Stock Connect, which allows China- and London-listed firms to issue depository receipts in each other's markets.

The PBOC says preparatory work has been completed to enable international investors' access to China's interbank bond market, via Bond Connect, through Bloomberg terminals.

CBIRC proposes more stringent supervision of foreign banks to improve “risk resilience” and customer protection, following the release of measures to further open up the banking industry.