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The roadmap includes plans to develop regulatory requirements for digital assets, the tokenisation of non-securities, and dealings on digital exchange platforms.

Regulated entities don't require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.

Under a new scheme, private pension funds can invest in mutual funds. Initially, only mutual funds with at least CNY 50 million of assets are eligible.

The BIS warns that the dangers of stagflation "loom large" due to lingering disruptions from the pandemic, the war in Ukraine, and soaring commodity prices.

JPMorgan, BofA and Citi said their CET1 capital ratios relative to risk-weighted assets would rise by about one full percentage point starting October.

The US plans to contribute USD 200 billion to the new initiative, while the rest of the G7 will contribute another USD 400 billion.

Domestic staff of overseas crypto exchanges and others engaging in crypto-related business will be investigated.

Russia made USD 100 million in payments due on 27 May to Euroclear, but the funds were not delivered to investors due to sanctions.

CES Capital International failed to perform sufficient due diligence and monitoring of the underlying investments of two funds.

Goldman Sachs ICBC Wealth Management, set up in May last year, becomes the fourth Sino-foreign wealth management JV approved to commence operations.