新华财经巴黎10月6日电（记者李文昕）受法国政局动荡冲击，巴黎股市6日大幅走弱。法国CAC40指 数盘中一度重挫2.1%，收盘跌幅收窄至1.36%，失守8000点整数关口。 引发市场震荡的导火索来自法国总理勒科尔尼的"闪辞"。勒科尔尼在5日晚公布新政府名单后，因组阁 方案引发广泛批评，导致政坛对立情绪升级，次日便向总统马克龙递交辞呈并获批准，距其9月9日正式 就任尚不足一个月，再次刷新法兰西第五共和国最"短命"总理任期纪录。 市场分析人士指出，法国银行股对本国债务融资成本变动高度敏感，主权债券收益率的飙升使其承压明 显。勒科尔尼辞职后，法国10年期国债收益率从上周五收盘的3.51%跳升至3.61%，当晚回落至3.57%。 截至6日收盘，法德10年期国债收益率利差扩大至0.85个百分点，显著高于马克龙在2024年6月解散国民 议会前的约0.5个百分点。 分析人士普遍认为，法国政治不确定性加剧可能进一步推高债市波动，并削弱投资者对法国资产的信 心。 （文章来源：新华财经） 金融板块成为当天抛售的重灾区。法国兴业银行收跌4.23%，报54.32欧元；法国农业信贷银行下挫 3.43%，至16.34欧元；法国巴黎银行下 ...

格隆汇10月6日｜法国总理辞职后，法国银行股延续跌势，法兴银行、法国巴黎银行和法国农业信贷银 行的股价跌幅扩大至4.2%至5.5%不等。 ...

A version of this article appeared in our The Decentralised newsletter on September 30. Sign up here. GM, Tim here. Banks are experimenting with stablecoins amidst a wave of crypto hype that’s washing over traditional finance. Now Société Générale, one of Europe’s largest banks, is upping the ante by diving into DeFi. Its digital assets arm, SG Forge, has just integrated its euro and dollar stablecoins with Uniswap, the largest decentralised exchange with over $100 billion in monthly trading volume, and ...

Group 1 - Societe Generale SFH has filed its half-year financial report for the period ending June 30, 2025, with the French Financial Markets Authority on September 30, 2025 [1] - The financial report is available to the public in French and can be accessed on the Societe Generale group's website and the AMF's website [2] - Societe Generale SFH is a specialized credit institution established under French law, authorized to operate as a Société de Financement de l'Habitat since March 28, 2011 [3] Group 2 - Societe Generale is a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [4] - The bank has a long history of 160 years, providing a wide range of advisory and financial solutions to corporate, institutional, and individual clients [4] - The Group is committed to sustainability and is included in major socially responsible investment indices, reflecting its dedication to environmental transition and sustainable practices [5] Group 3 - The Group operates three complementary business segments, including French Retail, Private Banking and Insurance, Global Banking and Investor Solutions, and Mobility, International Retail Banking and Financial Services [8]

SOCIETE GENERALE SCF : AVAILABILITY OF THE HALF-YEAR FINANCIAL REPORT Regulated Information Paris, 30 September 2025 Societe Generale SCF (“Société de Crédit Foncier”, Public Sector Loans) hereby informs the public that the half year-financial report for the period ended 30 June 2025, has been filed with the French Financial Markets Authority (AMF) on 30 September 2025. This document, available in French only, is made available to the public, free of charge, in accordance with the conditions provided for by ...

Societe Generale’s digital asset unit, SG-FORGE, has taken its euro- and dollar-denominated stablecoins deeper into decentralized finance (DeFi), deploying them on Ethereum-based protocols Morpho and Uniswap. Key Takeaways: SG-FORGE has launched its euro and dollar stablecoins on Ethereum via Morpho and Uniswap. Users can now borrow, lend, and trade EURCV and USDCV against major crypto and tokenized T-Bills. The move marks a shift toward DeFi by a major bank, bridging regulated assets with decentrali ...

Group 1: European Debt Market - Societe Generale indicates a significant downtrend in both realized and implied volatility in the European government bond market, creating favorable conditions for arbitrage trading [1] - The firm highlights French government bonds (OATs) as particularly attractive, alongside Spanish and Italian bonds, due to recent credit rating upgrades and anticipated improvements in ratings [1] Group 2: Indonesia Economic Outlook - Fitch's BMI notes that Indonesia's GDP growth may gradually slow over the next decade due to domestic political concerns and structural issues, despite the president's ambitious growth targets [2] - The report suggests that these measures may not be sufficient to elevate growth rates above the long-term average of 5.0% [2] Group 3: Japan's Trade and Investment - Capital Economics believes that if Japanese companies continue to serve U.S. clients through subsidiaries, the impact of U.S. trade policies on profits and investments will be limited [2] - Despite pressures from U.S. tariffs, Japan's direct foreign investment in the U.S. is expected to reach a record high this year, driven by strong U.S. economic performance [2] Group 4: Thai Baht and Monetary Policy - Citigroup anticipates that the Bank of Thailand may lower interest rates in October to curb the rapid appreciation of the Thai baht, which has risen nearly 6% this year [2] Group 5: UK Economic Concerns - Barclays analysts point out that the combination of a strong dollar and weakened domestic growth is suppressing the British pound, with policy uncertainty ahead of the November budget exacerbating the situation [3][4] - The unexpected rise in public borrowing and weak bond auctions are further damaging market sentiment towards the pound [4] Group 6: Eurozone Debt Supply - Barclays expects a slowdown in Eurozone government debt supply in October, forecasting total issuance of €116 billion, down from approximately €127 billion in September [4][5] - The report also notes that redemptions are expected to rise to €118 billion, indicating a shift in the debt market dynamics [5] Group 7: Singapore Manufacturing Sector - DBS Bank reports that Singapore's manufacturing sector is likely to continue experiencing volatility, with August output declining by 7.8% year-on-year, marking the largest drop since March 2024 [5] - The semiconductor cycle remains supported by structural developments in artificial intelligence, despite global economic uncertainties [5]

Core Insights - The Risk Asia Awards 2025 recognize excellence in various categories related to risk management and financial services across Asia [1][2][3] Group 1: Derivatives Awards - Derivatives house of the year for Asia is awarded to UBS [1] - Other notable winners include Daiwa Securities for Japan, Crédit Agricole CIB for Hong Kong and South Korea, and OCBC Bank for Singapore [1] - The award for derivatives house of the year in China goes to Shenwan Hongyuan Securities, while CTBC Bank wins for Taiwan [1] Group 2: Specialized Awards - Standard Chartered is recognized as the interest rate derivatives house of the year [1] - BofA Securities wins the currency derivatives house of the year award [1] - UBS is awarded both equity and credit derivatives house of the year [1] Group 3: Technology and Risk Solutions - Murex is named technology vendor of the year and also wins for system support and implementation [2] - S&P Dow Jones Indices is recognized for quantitative investment solutions [2] - FactSet is awarded for risk solutions [2] Group 4: Compliance and Risk Management - The best AI solution for risk management is awarded to SAS Institute [2] - Wolters Kluwer receives multiple awards for various risk management solutions including IFRS 9 and credit risk management [2] - NICE Actimize is recognized for its AML solution of the year [2]

Core Insights - Bullish Europe has become the first crypto exchange to offer Societe Generale – FORGE's stablecoin, USD CoinVertible (USDCV), expanding access to regulated crypto assets [1][2] - The USDCV token is a fully compliant USD-pegged stablecoin backed 1:1 with cash or high-quality collateral, targeting institutional, corporate, and retail investors [3][5] - The partnership with Societe Generale positions Bullish as a leading venue for institutional-grade liquidity and compliant digital asset trading services [5][6] Company Developments - Bullish Europe has formed a strategic partnership with Societe Generale – FORGE, making it the first exchange to offer USDCV [2][5] - Marco Bodewein, CEO of Bullish Europe, emphasized the company's commitment to increasing the availability of regulated stablecoins for institutional investors [4][5] - BNY, a UK-based financial services firm, has been selected as the custodian for the stablecoins [6] Industry Context - The USDCV stablecoin was launched in June 2025, leveraging the growth of the stablecoin market and utilizing blockchain platforms Ethereum and Solana [5] - The positive sentiment in the stablecoin market is influenced by improved regulatory frameworks, such as GENIUS and Clarity Acts in the US [6] - Other market players are also exploring the use of fiat-pegged digital assets to reduce costs [6]

Core Insights - Societe Generale-FORGE has launched the USD CoinVertible (USDCV), the first U.S. dollar-pegged stablecoin under the European Markets in Crypto-Assets Regulation (MiCA) [1][3] - The partnership with Bullish Europe aims to enhance the availability of regulated stablecoins for various types of investors in Europe [2][5] Group 1 - USDCV is fully pegged to the U.S. dollar and designed to comply with MiCA, ensuring price stability and regulatory assurance for institutional investors [3][4] - The introduction of USDCV follows the earlier launch of the EUR CoinVertible (EURCV) by SG-FORGE and Bullish, expanding the range of compliant stablecoins [2][4] - The collaboration positions SG-FORGE and Bullish at the forefront of regulated stablecoin adoption, bridging traditional finance and blockchain markets [4][6] Group 2 - The launch reflects a growing institutional demand for regulated and transparent stablecoin products as Europe implements MiCA [7] - The partnership aims to combine Bullish's regulated trading infrastructure with SG-FORGE's financial innovation to provide institutional-grade liquidity and trust [8]