Core Viewpoint - The People's Bank of China and the China Securities Regulatory Commission have issued the "Financial Infrastructure Supervision and Management Measures," effective from October 1, 2023, to enhance the regulatory framework for financial infrastructure and mitigate systemic risks [1][2]. Summary by Relevant Sections Regulatory Framework - The new measures unify the regulation of six types of financial infrastructure, clarifying regulatory responsibilities and enhancing oversight in risk management, corporate governance, and operational requirements [2][3]. - The introduction of "systemically important financial infrastructure" and its recognition standards marks a significant step in establishing a centralized regulatory approach, with the People's Bank of China responsible for macro-prudential management [2]. Impact on Financial Market - Short-term effects include the standardization and upgrade of core processes such as clearing, settlement, and registration, which will enhance market transparency and efficiency [2]. - Long-term implications involve providing technical support for cross-border financial cooperation and the internationalization of the Renminbi, thereby increasing China's influence in global financial rule-making [2]. Compliance and Operational Standards - Financial infrastructure operators are required to operate with licenses, and illegal establishment or provision of financial infrastructure services is prohibited [3]. - The measures outline comprehensive regulations from institutional entry to daily operations and supervision, ensuring compliance and stability in financial infrastructure operations [3]. Future Directions - The People's Bank of China plans to continue strengthening the construction and coordinated regulation of financial infrastructure, aiming to create a rationally structured, effectively governed, and resilient financial infrastructure system to support the development of a strong financial nation [3].

Core Insights - The central government has issued guidelines to promote urban renewal, outlining key tasks and emphasizing the need for financial support to realize these initiatives [1] Group 1: Urban Renewal Guidelines - The guidelines include eight key tasks such as enhancing the renovation of existing buildings and improving old residential areas [1] - Financial support is deemed essential for the success of urban renewal actions, with the financial regulatory authority developing specific loan management measures for urban renewal projects [1][2] Group 2: Loan Management Measures - The new loan management measures focus on four main aspects: coordinated implementation, project list management, market-oriented principles, and risk control [2] - The project list management requires local governments to pre-select projects, allowing financial institutions to conduct independent evaluations, thereby enhancing the precision and effectiveness of financing [2] Group 3: Financial Institution Involvement - Financial institutions are encouraged to actively participate in urban renewal efforts, providing substantial financial backing for various projects, including infrastructure and major construction [3] - The involvement of different financial entities, such as insurance and trust companies, is promoted to support urban renewal through various investment methods [3] Group 4: Future Directions - The financial regulatory authority plans to guide financial institutions in understanding the nuances of urban renewal actions and developing tailored financial products to meet diverse needs [4] - There is an emphasis on creating a replicable and scalable framework for financial support in urban renewal, ensuring effective collaboration between financial resources and public funds [4]

本报讯 记者徐贝贝报道 近期，社会上出现以"快速致富""无需偿还债务"为诱饵的"职业背债"骗 局，部分消费者因轻信此类虚假宣传陷入困境。金融监管总局金融消费者权益保护局提示广大消费者提 高警惕，远离"职业背债"陷阱。 "职业背债"陷阱主要有三种套路。一是虚假宣传引诱。以"无需还款即可获得高额回报""只需贡献 自己征信""短时间轻松获得高额酬劳""不用本人偿还债务"等话术为诱饵，吸引目标人群。二是伪造材 料骗贷。制作虚假职业证明、收入证明、银行流水等资料，将不符合银行贷款条件的人包装成"优质客 户"，骗取银行贷款。三是抽取高额分成。获取银行贷款后，不法分子抽取高额分成，将相关债务和风 险全部转嫁给背债人承担。 一旦成为"职业背债人"，消费者将面临诸多风险隐患。一是承担高额债务。背债人作为借款人，需 依法偿还全部本金及利息，逾期未偿还将面临催收、罚息，甚至被起诉。从实际案例看，背债人到手 的"背债费"只是贷款金额的一部分，大量资金被不良中介和不法人员瓜分，而背债人却要背负远超自身 所得的债务。二是个人信用受损。一旦背债人无力偿还贷款，个人征信将留下不良记录，影响未来获取 正规金融服务，甚至成为失信被执行人，出行、 ...

Group 1 - The core viewpoint of the article is the meeting between the Chairman of the China Securities Regulatory Commission, Wu Qing, and the Chairman of the Swiss Financial Market Supervisory Authority, Marlene Amstad, focusing on enhancing regulatory technology cooperation and bilateral regulatory exchanges [1] Group 2 - The discussion included topics related to strengthening cooperation in the field of regulatory technology [1] - The meeting highlights the importance of international collaboration in financial regulation [1] - The engagement reflects a growing trend towards multilateral regulatory frameworks in the financial industry [1]

Core Insights - The Financial Regulatory Bureau is focusing on enhancing financial support for the high-quality development of Tibet, emphasizing collaboration with local governments and effective risk management [1][2] - The bureau aims to optimize financial services and support major engineering projects, while also promoting the development of characteristic industries in Tibet [1] - There is a commitment to implement the "Four New" project to improve the effectiveness of financial regulation and support for local staff [2] Group 1 - The Financial Regulatory Bureau's leadership visited Tibet to discuss financial support for major projects and regulatory collaboration with local authorities [1] - The bureau expressed gratitude for the support received from the local government in financial regulatory work [1] - The focus is on the "Four Major Issues" and "Four Creations" to enhance financial services and risk management [1] Group 2 - The leadership visited local financial regulatory offices to understand the implementation of grassroots party building and regulatory work [2] - There is an emphasis on adhering to the central government's regulations and improving the working environment for staff [2] - The bureau is committed to increasing care for staff and addressing their practical difficulties in work and life [2]

Core Viewpoint - The financial regulatory authority is actively addressing issues identified during the statistical inspection, emphasizing the importance of improving statistical quality and accountability in financial data reporting [1][2][3][4] Group 1: Statistical Inspection and Rectification - The National Bureau of Statistics conducted a routine statistical inspection of the financial regulatory authority from November 28 to December 10, 2024, with feedback provided on May 8, 2025 [1] - The financial regulatory authority has established a task list to address the issues raised during the inspection, assigning responsibilities and deadlines for rectification [1][2] Group 2: Enhancing Statistical Quality - The financial regulatory authority is committed to improving the quality of statistical data by implementing measures to prevent and punish statistical fraud, ensuring data integrity [3][4] - There is a focus on strengthening the supervision of financial institutions to enhance the quality of source data [3][4] Group 3: Legal and Regulatory Compliance - The financial regulatory authority is adhering to legal requirements in conducting regulatory statistical work, ensuring timely reporting of relevant data [3] - The authority is enhancing the accuracy of data disclosure by improving templates for public data [3] Group 4: Information Technology and Training - Continuous upgrades to statistical information systems are being implemented to enhance the information technology level of regulatory statistics [4] - Regular training sessions are being organized to improve the legal and ethical standards of statistical personnel [4]

人民财讯8月7日电，香港金融管理局8月7日公布，香港于2025年7月底的官方外汇储备资产为4254亿美 元(2025年6月底为4320亿美元)。 ...

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]

大家好，今天咱们来聊点硬核的，特朗普又要"动手术"了，这次不是对哪家企业，也不是对哪国领土，是 对美国经济的神经中枢：美联储和劳工统计局。 第一刀，先动美联储。 上周五，美联储理事库格勒突然宣布辞职。你没听错，是突然。而且辞职时间卡得非常"精准"，刚好赶在 特朗普准备重新洗牌之前。你说这是巧合？也可能是"安排"。 库格勒的离职给特朗普打开了一个极其重要的窗口，提前在美联储放进一个听他话的人。因为根据规矩， 美联储主席必须是理事之一。 当然，所有这些人事任命还得过参议院这一关，但那是后话。特朗普现在要做的，是先把人提上去，占个 位。只要理事会席位在自己手里，未来的主席之争基本就掌控在他手中。 第二刀，直捅劳工统计局。 你以为只是美联储？不，特朗普的另一刀，捅向了劳工统计局，这个负责发布全美就业数据的机构。 他刚刚解雇了局长Erika McEntarfer。要知道，她是今年1月才刚被参议院以86票对8票的压倒性结果通过任 命的，连共和党人、现任副总统JD Vance当时都投了赞成票。 鲍威尔的主席任期到2026年5月才结束，但他的理事任期会延续到2028年1月。所以，如果到时候鲍威尔不 想走，还想留下来当个普通理 ...

近期，中国人民银行联合国家金融监督管理总局、中国证券监督管理委员会研究起草了《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》），向社 会公开征求意见。 聚焦《管理办法》的核心内容，其亮点在于既守住了法律底线，又兼顾了实践灵活。在总体要求 上，"与风险相适应"的原则直击痛点，既避免金融机构因防控措施过度而增加不必要成本，也防止因忽 视风险而放任违法犯罪后果发生。在具体要求上，明确简化尽职调查、强化尽职调查的适用情形和措 施，构建起了一套覆盖全流程、多场景的规则框架。 制定《管理办法》是落实《反洗钱法》和迎接国际评估的必然之举。 当然，制度的生命力在于执行。《管理办法》能否真正发挥作用，既需要金融机构摒弃"打勾式合规"心 态，将尽职调查内化为风险管理的核心环节，也需要监管部门进一步强化基于风险的反洗钱监管，督促 金融机构有效评估、监测和防控洗钱风险，平衡好管理洗钱风险与优化金融服务的关系，为金融市场的 健康发展筑牢安全屏障。 2024年11月修订通过的《中华人民共和国反洗钱法》已经于今年1月1日起正式施行。《反洗钱法》专门 明确了基于风险开展客户尽职调查的原则，要 ...