Telegraph

7x24 real-time news feed, auto refreshBeijing Time:

B
[Deputy Governor of the Central Bank Tao Ling: Will continue to support financial institutions in carrying out RMB overseas loans and cross-border trade financing] October 16th, at the Global Wealth Management Forum 2026 Shanghai Suhewan Conference held today, Tao Ling, member of the Party Committee and Deputy Governor of the People's Bank of China, said that the willingness for overseas RMB financing has increased significantly, and the scale of RMB government bonds in the offshore market has increased. By the end of June 2026, a total of 1,200 overseas institutions had entered the domestic bank and bond market, and the balance of domestic bonds held by foreign entities reached 3.2 trillion yuan. As of the end of June 2026, the balance of domestic stocks held by foreign entities was 4.7 trillion yuan. In order to further enrich the allocation of RMB assets, Tao Ling pointed out that more types of foreign investors will be supported to participate in China's financial market and invest in China's domestic stocks, equities, bonds, gold derivatives and commodity futures through adaptive methods and appropriate methods. At the same time, we will continue to support financial institutions in developing RMB overseas loans and cross-border trade financing, improve banks’ cross-border RMB financing policies, encourage more overseas institutions to participate in the issuance and trading of panda bonds, support the development of the RMB dim sum bond market in Hong Kong, and enrich liquidity management and risk management tools.
B
[Hong Kong: Explore the establishment of a demonstration zone for low-altitude economic products going overseas to support the connection with mainland and international low-altitude standards] On October 16, the Hong Kong Low-altitude Economy Development Working Group worked with all parties in the industry to discuss the establishment of a demonstration zone for low-altitude economic products going overseas, aiming to provide one-stop supporting services for low-altitude economic import and export trade and further support the country’s low-altitude economic enterprises going overseas. In addition, the country ranks at the forefront of the world in the development of low-altitude economy, and its development in drone manufacturing, complete industrial chains and application scenarios is particularly outstanding. As the international community has yet to reach a consensus on unified low-altitude technical standards, Hong Kong, as an international aviation hub and international innovation and technology center, is well-positioned to establish a low-altitude economic standards framework that benchmarks internationally and is in line with the mainland. In this regard, the Hong Kong SAR government has been verifying various low-altitude economic technologies through the low-altitude economic "Regulatory Sandbox" and "Regulatory Sandbox X" to improve local low-altitude economic standards. The Hong Kong SAR government actively promotes closer cooperation with the mainland (especially the Guangdong-Hong Kong-Macao Greater Bay Area) and overseas jurisdictions to support the connection of local low-altitude standards with the mainland and the international community. (Securities Times)
B
[Dalian Commodity Exchange: Futures prices have been included in the calculation of the Changxie Coal and Steel Linkage Floating Value and have become the pricing reference for some leading coal companies] On October 13, Wang Yufei, deputy general manager of the Dalian Commodity Exchange, said at the Black Industry Forum of the 19th International Oils and Grease Conference and Agricultural and Livestock Industry (Derivatives) Conference that the influence of prices has been steadily increasing. In recent years, DCE has closely followed spot changes and continued to optimize delivery quality standards and premiums and discounts, and the representativeness of futures prices has continued to increase. In terms of iron ore, focusing on changes in mainstream ore quality, Dalian Commodity Exchange took the lead in lowering the futures standard iron grade from 62% to 61%, proactively adapting to industry trends and spot pricing needs. Since then, mainstream spot indexes at home and abroad have also been adjusted one after another, and futures and spot pricing benchmarks have been further aligned. At present, reference to futures pricing in port spot trade has become an industry practice. In terms of coking coal, futures prices have been included in the calculation of the linked floating value of Changxie Coal and Steel, and have become the pricing reference for some leading coal companies. Futures prices are becoming a "weather vane" that is visible, trustworthy and useful for upstream and downstream enterprises. (CSI Taurus)