Core Points - The meeting emphasized the importance of protecting financial consumers and investors, focusing on problem-oriented approaches to address complaints and issues in the financial sector [1] - The regulatory bodies will enhance collaboration to create a unified effort in improving the financial consumer environment and addressing significant issues affecting consumer rights [1] - Financial education and awareness campaigns will be intensified to improve public financial literacy and risk prevention capabilities [1] Summary by Categories Financial Consumer Protection - The meeting involved the Financial Regulatory Bureau, the People's Bank of China, and the China Securities Regulatory Commission to discuss the state of financial consumer complaints in the first half of 2025 [1] - There will be a coordinated effort to address key areas of concern raised by financial consumers, ensuring timely assessment and response to complaints [1] Regulatory Collaboration - The regulatory bodies will strengthen their collaboration with relevant departments to enhance the effectiveness of financial consumer protection initiatives [1] - A focus will be placed on identifying and addressing prominent issues that infringe on consumer rights, with an emphasis on risk warnings and concentrated remediation efforts [1] Financial Education Initiatives - A comprehensive financial education campaign is planned for September, utilizing effective methods to enhance public understanding of financial matters [1] - The goal is to elevate the financial literacy and risk management skills of the general public, contributing to a more informed consumer base [1]

Core Viewpoint - The meeting emphasized the importance of protecting financial consumers and investors, focusing on addressing complaints and enhancing financial literacy [1] Group 1: Financial Consumer Protection - The Financial Regulatory Bureau, along with the People's Bank of China and the China Securities Regulatory Commission, held a meeting to discuss financial consumer complaints for the first half of 2025 [1] - The meeting highlighted the need for a problem-oriented approach to address key issues raised by financial consumers [1] - There is a commitment to strengthen collaboration with relevant departments to tackle prominent issues affecting consumer rights [1] Group 2: Financial Education and Awareness - The meeting outlined plans for a financial education campaign in September, aiming to improve public financial literacy and risk prevention capabilities [1] - Effective methods for financial education and publicity will be employed to enhance the understanding of financial products among the public [1] - The importance of information sharing and collaborative governance in consumer protection efforts was stressed to ensure high-quality development in financial consumer and investor protection [1]

近日，中国人民银行、国家金融监督管理总局、中国证监会联合发布《金融机构客户尽职调查和客户身份资料及交易记录保存 管理办法(征求意见稿)》(以下简称《管理办法》)，面向社会公开征求意见。该征求意见稿已于8月4日起向社会公开征集意见， 截止日期为9月3日。 此外，在为客户提供现金汇款、实物贵金属买卖等等一次性交易金额业务超过5万元的，金融机构仍需开展尽职调查，并登记客 户身份基本信息，留存客户有效身份证件或者其他身份证明文件的复印件或者影印件。 中国人民银行 国家金融监督管理总局 中国证券监督管理委员会征求意见稿 这份新规中最引人注目的变化是：取消了2022年版监管规则中关于个人办理单笔5万元以上现金存取业务需"了解并登记资金来 源或用途"的硬性要求。 《征求意见稿》第九条 据报道，2022年，针对自然人客户单笔存取5万元以上现金的反洗钱监管规则，曾引发广泛社会争议。 这一规定在当时引发了社会广泛关注，"个人存取现金超5万元需登记资金来源或用途"迅速登上热搜。公众意见呈现分歧：部分 声音认为此举增加了业务办理的繁琐性，甚至担忧可能侵犯个人隐私；而支持者则认为这是打击洗钱犯罪、维护金融安全的必 要手段。 央行相关部 ...

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) is actively intervening in the foreign exchange market to defend the Hong Kong dollar (HKD) against depreciation, as it has reached the weak end of its peg against the US dollar. Group 1: HKMA Interventions - On August 6, the HKMA bought HKD 84.39 billion and sold USD to maintain the HKD's value, marking the fourth intervention in seven days [1] - Cumulatively, the HKMA has withdrawn HKD 223.26 billion from the market since July 31 to keep the HKD within the range of 7.75 to 7.85 against the USD [1] Group 2: Currency Peg Mechanism - The HKD operates under a linked exchange rate system since 1983, with a normal fluctuation range between 7.75 (strong-side convertibility) and 7.85 (weak-side convertibility) [1] - If the HKD hits the strong-side, the HKMA buys USD and sells HKD; conversely, if it hits the weak-side, the HKMA sells USD and buys HKD to stabilize the currency [1] Group 3: Market Conditions and Influences - The HKD has faced downward pressure due to a persistent interest rate differential between HKD and USD, leading to increased carry trade activities [2] - Since June, the HKMA has bought HKD 1,095.29 billion in response to the weakening of the HKD, which was initially strong in May [2] - The HKMA noted that reduced demand for HKD has led to carry trades, triggering multiple instances of the weak-side convertibility [2] Group 4: Future Outlook - An independent analyst predicts that the HKD's weakness may continue until the HKD interbank rates rise above 2%, indicating that the current "currency defense battle" may persist [3]

Core Viewpoint - The Financial Conduct Authority (FCA) in the UK is set to consult on a compensation scheme for automotive finance customers [1] Group 1 - The FCA's consultation aims to address compensation for customers affected by issues in automotive finance [1]

摩根大通董事总经理朱海斌将加盟香港金管局。 据香港金融管理局（简称"香港金管局"）官网8月1日消息，香港特区政府财政司司长根据外汇基金咨询委员会辖下管治委员会建议，批准委任朱 海斌为助理总裁（经济研究），任命将于2025年10月1日生效。香港金管局指出，朱海斌获委任为助理总裁（经济研究）后，将负责宏观经济及金 融稳定的相关研究工作。 公开资料显示，朱海斌拥有北京大学信息管理系学士学位、中国人民银行研究生部经济学硕士学位及杜克大学经济学博士学位。他在经济研究方 面拥有丰富的经验，专长包括内地、香港宏观经济以及金融稳定方面的政策研究。 朱海斌 资料图 在新华社7月25日的报道中，朱海斌表示，今年中国的财政政策比以往更为积极，政府发债规模相比往年也大幅提高，消费品以旧换新支持资金比 去年翻了一倍，有助于扩大内需。 官网信息显示，香港金管局成立于1993年4月1日，由外汇基金管理局与银行业监理处合并而成。香港金管局的四项主要职能为：在联系汇率制度 的架构内维持货币稳定；促进金融体系，包括银行体系的稳定与健全；协助巩固香港的国际金融中心地位，包括维持与发展香港的金融基建以及 管理外汇基金。 朱海斌此次履新应该是补位今年 ...

Group 1 - The Hong Kong Monetary Authority (HKMA) has appointed Zhu Haibin as the Assistant President (Economic Research), effective from October 1, 2025, following recommendations from the Exchange Fund Advisory Committee [1] - Zhu Haibin holds degrees from Peking University, the People's Bank of China, and Duke University, and has extensive experience in macroeconomic and financial stability research [1] - Currently, Zhu serves as Managing Director and Chief Economist for China at JPMorgan, and has previously worked as a senior economist at the Bank for International Settlements [1] Group 2 - The HKMA was established on April 1, 1993, through the merger of the Exchange Fund and the Banking Supervision Division, with four main functions including maintaining monetary stability and promoting the stability of the financial system [2] - The previous Assistant President (Economic Research), Zhang Liling, resigned for personal reasons and will leave the position in May 2025, prompting the HKMA to announce a public recruitment for the role [2]

美国证监会（SEC）8月1日宣布成立人工智能特别工作组，将引领该机构通过负责任地使用AI来提升运 营创新和效率。已被任命为SEC首席人工智能官的Valerie Szczepanik将领导该工作组。 ...

美国证券交易委员会：将成立一个特别工作组，利用人工智能来提高整个机构的创新性和效率。 ...

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) held a video conference to discuss foreign exchange management work for the second half of 2025, emphasizing the importance of risk prevention, strong regulation, and promoting development in the foreign exchange sector [1][2]. Group 1: Key Points from the Meeting - Since 2025, the foreign exchange management department has focused on implementing the central economic work conference's spirit, enhancing support for the real economy's high-quality development, and facilitating foreign trade [2]. - The department has introduced policies to ease foreign exchange settlement for quality enterprises and expanded cross-border trade pilot programs [2]. - A total of $30.8 billion in new investment quotas has been allocated to Qualified Domestic Institutional Investors (QDII) [2]. Group 2: Future Work Plans - The meeting outlined plans to deepen foreign exchange reform and support stable foreign trade, including optimizing foreign exchange management for new trade entities and facilitating overseas funding for engineering companies [3]. - There will be a push to cancel registration for reinvestment by foreign-invested enterprises and to facilitate cross-border financing for technology companies [3]. - The focus will also be on enhancing the regulatory capacity under open conditions, improving legal frameworks for foreign exchange management, and utilizing technology to increase regulatory efficiency [3].