Group 1 - The UK Financial Conduct Authority (FCA) announced plans to require companies to provide data by early 2026 to better understand their asset allocation strategies [1] - The initiative aims to refine the proposed regulations regarding government pension investments [1] - This review is part of a broader effort to enhance transparency and oversight in the pension investment sector [1]

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) and the Hong Kong University of Science and Technology (HKUST) Business School have signed a memorandum of cooperation to enhance collaboration in cybersecurity research, addressing the needs of the Hong Kong financial industry [1][2] Group 1: Collaboration Details - The memorandum establishes a strategic cooperation framework focused on cybersecurity, aiming to promote relevant research and knowledge growth [1] - The collaboration will utilize advanced technologies such as large language models to explore innovative supervisory technology (Suptech) and regulatory technology (Regtech) solutions [1] - The goal is to enhance the HKMA's regulatory capabilities and strengthen the financial sector's cybersecurity resilience [1] Group 2: Objectives and Impact - The partnership aims to develop practical application solutions, increase industry awareness of emerging threats, and cultivate cybersecurity professionals to support the ongoing development of the financial industry [1] - HKMA and HKUST will actively engage with financial institutions to validate research outcomes and gain deeper insights into the evolving cybersecurity needs and challenges faced by the industry [1] - The collaboration is expected to contribute to the resilience of Hong Kong's financial ecosystem by addressing real-world cybersecurity challenges [2]

Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange have issued a draft notification to optimize the management of funds for domestic enterprises listed abroad, aiming to enhance the convenience of cross-border financing for these enterprises [1][2]. Group 1: Policy Optimization - The draft notification consists of 26 articles aimed at standardizing foreign currency management policies and regulating the management of raised funds [2]. - Current policies for cross-border management of RMB and foreign currency for domestic enterprises going public abroad are inconsistent, necessitating further optimization [2]. - The existing management framework, established over 10 years ago, requires updates to improve convenience in registration, account usage, and fund exchange [2][3]. Group 2: Fund Management and Flexibility - The notification proposes that funds raised from overseas listings, as well as proceeds from share reductions or transfers, can be repatriated in either foreign currency or RMB, using capital account settlement accounts [3]. - Companies can autonomously choose foreign exchange risk management methods, allowing for more flexible use of raised funds [3]. - The notification aims to simplify the procedures for managing overseas listings, extending registration timelines and allowing banks to handle certain registrations directly [3][4]. Group 3: Regulatory Requirements - The notification stipulates that funds raised from overseas listings should generally be repatriated to the domestic market, with specific provisions for excess funds from shareholder contributions [4]. - It clarifies management requirements for convertible bonds issued abroad and allows for reasonable overseas business operations if prior approvals are obtained [4].

Group 1 - The financial regulatory authority in Taiwan has announced the resumption of daily intraday short-selling orders, the minimum margin requirement for short selling, and the relaxation of collateral requirements [1]

金融监管总局政策研究司司长郭武平5月22日在国新办发布会上表示，金融监管总局已实施重大技术攻 关保险保障机制试点，会同科技部等部门在集成电路、商业航天等重点领域，建立健全共保体机制，为 国家重大科技任务提供风险分担方案。（新华社） ...

Core Viewpoint - The recent issuance of the "Opinions on Continuously Promoting Urban Renewal Actions" by the Central Committee of the Communist Party of China and the State Council outlines the guiding ideology, work principles, and main objectives for urban renewal, emphasizing the need for financial support to realize these goals [1] Group 1: Key Tasks and Financial Support - The urban renewal action includes eight key tasks such as enhancing the renovation and utilization of existing buildings and promoting the renovation of old urban residential areas [1] - Financial regulatory authorities are developing specific loan management measures for urban renewal projects to clarify loan conditions and standards, thereby improving the timeliness and effectiveness of financial services [1][2] Group 2: New Loan Management Measures - The new loan management measures focus on four main aspects: 1. Coordinated advancement, requiring financial institutions to align with city governments' urban renewal plans [2] 2. Implementation of a project list management system, where city governments pre-select projects and financial institutions conduct independent evaluations [2] 3. Adherence to market-oriented and legal principles, allowing financial institutions to set loan terms based on project characteristics [2] 4. Ensuring risk control by assessing project returns and risks before granting credit [2] Group 3: Financial Institutions' Role - Financial regulatory authorities have been guiding financial institutions to actively participate in urban renewal, including supporting village renovations and infrastructure projects [3] - Institutions are encouraged to utilize various financial instruments such as debt, equity, and property investments to support urban renewal initiatives [3] Group 4: Future Directions - Financial regulatory authorities will continue to implement the "Opinions" by helping financial institutions understand the logic of urban renewal and develop tailored financial products and services [4] - There is a focus on creating a performance evaluation system and ensuring effective collaboration between financial resources and public funds [4]

Core Viewpoint - The National Financial Supervision Administration has issued a decision to amend certain regulations to align with the newly revised Company Law, enhancing the management of related party transactions and corporate governance in financial institutions [1][2]. Group 1: Amendments to Regulations - The decision modifies the "Trust Company Management Measures" and "Interim Measures for the Management of Trust Company Equity" regarding the establishment of supervisory boards, allowing companies to replace supervisory boards with audit committees composed of directors [1]. - New provisions have been added to the "Management Measures for Related Party Transactions of Banking and Insurance Institutions," strengthening the management of related party transactions involving directors, supervisors, and senior management, requiring all such transactions to be approved by the board of directors or shareholders' meeting [2]. Group 2: Implementation and Operational Enhancements - The decision aims to improve the operational feasibility of related party transaction management by simplifying the approval process for daily financial products or services that do not meet the significant related party transaction standards [2]. - The National Financial Supervision Administration will guide financial institutions in revising internal systems, optimizing business processes, and upgrading systems to comply with the new regulatory requirements, thereby enhancing corporate governance and supporting high-quality financial development [3].

Group 1 - In 2024, Shandong Province's public security organs reported over 9,000 economic crime cases and arrested more than 19,000 suspects, highlighting a strong commitment to combating economic crime and protecting citizens' rights [2] - The province's police collaborated with financial and regulatory bodies to conduct special operations against money laundering and underground banking, resulting in 890 cases and 651 arrests, with an involved amount of 3.6 billion yuan [2] - A joint effort was made to tackle malicious evasion of financial debts and illegal activities in the financial sector, leading to over 300 cases and 350 arrests, recovering nearly 1.6 billion yuan in direct economic losses [3] Group 2 - The police and various departments initiated a special campaign against illegal fundraising, resulting in 883 cases and 3,655 arrests, addressing the serious harm caused by crowd-related economic crimes [4] - Actions against economic fraud and internal corruption in small and medium enterprises led to 629 contract fraud cases and 640 internal corruption cases, recovering a total of 3.75 billion yuan in economic losses [4] - The Shandong police emphasized the importance of maintaining a lawful business environment by preventing and addressing enterprise-related crimes, issuing thousands of warning notices, and providing assistance to over 300 businesses [5]

Core Viewpoint - The 2025 Global Investor Conference, hosted by the Shenzhen Stock Exchange, focuses on "New Productive Forces: Investing in New Opportunities in China - The Open and Innovative Shenzhen Market" [1] Group 1: Event Overview - The conference took place on May 19 in Shenzhen and lasted for two days [1] - Key attendees included representatives from financial regulatory agencies, sovereign wealth funds, pension funds, asset management companies, venture capital institutions, rating agencies, intermediary organizations, index providers, academic research institutions, industry associations, and listed companies in Shenzhen, totaling nearly 400 participants [1] Group 2: Conference Activities - The event featured keynote speeches, roundtable discussions, and company roadshows to showcase the investment value of Chinese assets and the A-share market [1]

Group 1: Central-Local Cooperation - The emphasis on strengthening central-local collaboration to promote high-quality development in Guangdong, aligning with the directives from the central government [1][4] - The call for continuous deepening of all-round cooperation to support the implementation of China's modernization practices in Guangdong [1] Group 2: Tobacco Industry - The provincial tobacco system is urged to focus on national and provincial work dynamics, enhance governance, and maintain a strong stance against counterfeiting and smuggling [1] - The importance of participating in the "Hundred Counties, Thousand Towns, and Ten Thousand Villages High-Quality Development Project" to contribute to Guangdong's economic and social development [1] Group 3: Taxation and Financial Support - The provincial tax authorities are encouraged to organize tax revenue scientifically and provide efficient tax services to support businesses [1][3] - The need for financial institutions to increase support for production enterprises, especially foreign trade companies, and major projects to stabilize foreign trade and promote consumption [3] Group 4: Foreign Trade and Customs - Guangdong's role as a major foreign trade province is highlighted, with a focus on improving customs efficiency and supporting foreign trade enterprises [2] - The call for enhancing data research and application to better support the development of new open platforms [2] Group 5: Financial Regulation and Risk Management - The central financial regulatory bodies are encouraged to enhance guidance and support for Guangdong's economic recovery and growth [3] - The importance of preventing systemic financial risks through improved regulatory effectiveness and collaboration between central and local authorities [3]