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9/10
04:14
Cong Lin, Deputy Director of the National Financial Regulatory Administration: Will Vigorously Rectify "Price Wars" and Illegal Rebates in the Financial Industry
Cong Lin, Deputy Director of the National Financial Regulatory Administration, stated at a press conference held by the State Council Information Office on September 10 that during the "15th Five-Year Plan" period, the administration will comprehensively advance risk prevention, strengthen supervision, and promote high-quality development. He emphasized the importance of prudently advancing risk prevention and control in key areas, effectively and orderly mitigating risks in local small and medium-sized financial institutions, and firmly holding the bottom line against "thunderstorms." Cong Lin also stated that the National Financial Regulatory Administration will comprehensively strengthen "five major supervisions," resolutely ensure "long teeth and sharp edges," and take multiple measures to foster a sound industry ecosystem. This includes vigorously addressing practices such as "price wars," illegal rebates, and "high interest and high returns," thereby guiding financial institutions to shift from pursuing speed and scale to focusing on quality and efficiency.
04:14
Li Chao, Vice Chairman of the China Securities Regulatory Commission (CSRC): Since the beginning of this year, long-term funds have net purchased over 600 billion yuan in A-shares, and their holdings of tradable market capitalization have increased by 12.5% compared to the end of last year.
Li Chao, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated at a press conference held by the State Council Information Office on September 10 that the CSRC has set the development goals for the capital market during the "15th Five-Year Plan" period, aiming to largely establish a new pattern of high-quality capital market development by 2030, with significantly enhanced comprehensive strength and international competitiveness. He pointed out that since the beginning of this year, long-term funds such as social security funds, annuities, and insurance funds have cumulatively made net purchases of A-shares exceeding 600 billion yuan, and their holdings of A-share circulating market value have increased by 12.5% compared to the end of 2025. Li Chao also revealed that the revised Regulations on the Supervision and Administration of Securities Companies are expected to be introduced soon. The CSRC will continue to improve the market mechanisms and ecosystem for "long-term money for long-term investment," promote a steady increase in the scale and proportion of long-term funds entering the market, and facilitate the standardized application of artificial intelligence in the capital market.
04:14
Lu Lei, Deputy Governor of the People's Bank of China: China has no need or intention to gain trade competitive advantage through currency devaluation.
Lu Lei, Deputy Governor of the People's Bank of China (PBOC), stated at a press conference held by the State Council Information Office on September 10 that the "15th Five-Year Plan for Building a Financially Strong Nation" has been officially released. The PBOC has also issued supporting reform and development plans and nine action plans. He emphasized that China implements a managed floating exchange rate system, adheres to the decisive role of the market in exchange rate formation, and prevents market herding effects and the self-reinforcement of irrational expectations. China has no need or intention to gain trade competitive advantages through exchange rate depreciation. Lu Lei also stated that during the "15th Five-Year Plan" period, the PBOC will firmly maintain currency value stability, gradually de-emphasize quantitative intermediate targets, focus more on the role of interest rate-based regulatory tools, improve the deposit reserve system, and conduct open market operations more flexibly and precisely to improve the market-based interest rate formation, regulation, and transmission mechanisms.
04:13
Bybit to Delist L3 and VIC Tokens, Spot Trading to End on Sep 17, 2026
Bybit will delist L3 and VIC tokens, with spot trading for L3USDT and VICUSDT pairs concluding on Sep 17, 2026, at 8:00 AM UTC. Deposits for L3 and VIC will close on Sep 16, 2026, at 8:00 AM UTC. Withdrawals for VIC will no longer be available after Dec 16, 2026, at 8:00 AM UTC.
04:12
Hong Kong Financial Secretary Paul Chan Says City Ready to Be Biotech Bridge Connecting Global Capital with Chinese Innovation
Financial Secretary Paul Chan stated in an address to the Biotechnology Investment Forum of BIOHK2026 on Thursday that Hong Kong is poised to be the "partner of choice" for linking global capital with Chinese biotech innovation. Chan highlighted Hong Kong's position as the world's second-largest biotech fundraising platform, with nearly 300 healthcare companies listed on the Hong Kong Stock Exchange, boasting a combined market capitalization exceeding US$480 billion. He also noted that the Hong Kong Investment Corporation has allocated 22 percent of its funds to the biotech sector.
04:06
Hyundai Motor Group and LG Energy Solution launch pilot to repurpose used EV batteries for fast-charging stations
Hyundai Motor Group, LG Energy Solution, Hyundai Engineering, Kia and Wonik PNE launched the pilot project on Thursday at Wonik PNE’s facility in Hwaseong, Gyeonggi Province. Hyundai Motor Group described it as Korea’s first project directly linking used batteries from Hyundai.
04:03
Huawei Reportedly Hikes Price of Ascend 950DT AI Chip by 60% to $37,300 Amid Surging Demand and HBM Shortages
04:02
Huawei unveils its first new smartphone chip in six years, the Kirin 9050 Pro, powering the Mate XT2 tri-fold smartphone, starting at $2,980.
03:57
Trump warns Iran over 'Pickaxe Mountain' nuclear activity, threatening 'very hard hit' after U.S.-Iran ship attacks near Hormuz; Brent crude falls below $101
U.S. President Donald Trump warned Iran on Wednesday against activity at a suspected nuclear site on Pickaxe Mountain, stating the U.S. would "have to hit them very hard" if Iran "gets cute." This warning follows a barrage of attacks between both countries on tankers near the strategically vital Strait of Hormuz.

An analysis by the Center for Strategic and International Studies (CSIS), published Wednesday, showed a "clear surge" in construction activity at Pickaxe Mountain in 2026, indicating a shift from excavation to internal construction. Iran has repeatedly denied seeking nuclear weapons.

Earlier this week, Iran claimed to have fired ballistic missiles at a U.S. military base in Jordan and attacked 10 ships near the Strait of Hormuz. U.S. Central Command forces previously reported destroying five Iranian oil tankers in response to Iranian attacks on a U.S. Navy warship.

Amid these
03:57
CZ retweeted a post from CoinMarketCap stating that Binance holds half of the RWA perpetual contract market, with a trading volume of $1.5919 trillion, accounting for 50.4% of the total volume on CEXs.
CoinMarketCap noted that centralized exchanges are attracting new capital inflows and rapidly taking over products developed by decentralized platforms.
03:53
Israeli attack on northern Gaza kills at least 4 Palestinians
Al Jazeera reported that Israeli forces opened fire near the Jabalia refugee camp in northern Gaza on Thursday and carried out airstrikes near Kamal Adwan Hospital, killing at least four Palestinians. The attacks occurred despite a ceasefire agreement reached in October 2025.
03:53
NVIDIA is under investigation by the U.S. Department of Justice over a licensing agreement with AI chip company Groq, potentially related to circumventing antitrust review.
The U.S. Department of Justice is reportedly reviewing a licensing agreement between NVIDIA and AI chip company Groq to determine if NVIDIA deliberately structured the deal as a licensing agreement to circumvent standard government scrutiny of mergers and acquisitions, according to The New York Times. The investigation began shortly after the agreement was announced last December, and the DOJ has issued a formal information disclosure request to NVIDIA. A central point of contention in the agreement is that two Groq executives joined NVIDIA after the deal was finalized. Regulators are increasingly wary of "disguised mergers" in the AI industry, where companies achieve de facto acquisitions by licensing technology and recruiting executives, thereby bypassing traditional review mechanisms.
03:52
Iran-backed Houthis seize Yemen's Mocha, raising risks for Red Sea shipping and global trade
According to Reuters sources, the Iran-backed Houthis have seized the strategic Yemeni city of Mocha. This advance brings the group closer to the Bab el-Mandeb Strait, increasing risks for Red Sea shipping and global trade.
03:52
Bitcoin ETFs saw net outflows of $120 million on Wednesday, marking the second consecutive day of outflows, while other crypto funds, including Ethereum, XRP, and Solana, recorded inflows.
03:40
Eurasia Group CEO warns Asia faces deepening 'geopolitical recession' entailing long-term instability
Eurasia Group CEO Maziar Minovi warned on Thursday that policymakers and businesses in Asia must brace for a deepening "geopolitical recession" that entails long-term political and economic instability.
03:38
The Bank of Japan released its August Japanese government bond (JGB) settlement failure data, with "JGBs not received" transactions totaling 225.8 trillion yen.
The Bank of Japan (BOJ) released data on Japanese government bond (JGB) settlement failures for August 2026 on September 10. The data showed that the value of "undelivered JGBs" in August was 225.8 trillion yen (approximately $1.53 trillion), involving 660,291 transactions.
03:35
Singapore Exchange (SGX) receives CFTC authorization to offer Bitcoin and Ethereum perpetual futures trading to U.S. institutional investors.
Singapore Exchange (SGX) has received authorization from the U.S. Commodity Futures Trading Commission (CFTC) to offer its Bitcoin (BTP) and Ethereum (ETP) perpetual futures products to U.S. institutional investors under Regulation 48.10. KC Lam, Head of Crypto Derivatives at SGX Group, stated that this milestone connects U.S. trading platforms with Asian liquidity pools and legitimizes crypto derivatives as a regulated asset class. Since their launch in November 2025, the products have accumulated a trading volume of $5.8 billion.
03:35
Former Bank of England Official Jon Cunliffe Joins Blockchain Payments Firm Fnality
Former Bank of England Deputy Governor Jon Cunliffe and former Bundesbank executive Jochen Metzger have joined Fnality, a blockchain-based payments company. Fnality is backed by some of the world’s largest banks, as financial institutions increase efforts to integrate mainstream assets onto new digital networks.
03:34
Huawei unveils new optical tech standard, challenging Nvidia and Broadcom in AI chipmaking
Huawei introduced its own standard for optical communication technology on Thursday, aiming to gain influence in an emerging area of chipmaking crucial for the future of artificial intelligence computing. The company is urging the industry to create an ecosystem for its near-package optics approach.
03:31
Europe's shrinking bank liquidity is fueling hedge fund rates bets, with investors piling into an arbitrage trade in euro money markets as the region’s financial conditions tighten.
03:31
Vietnam Grab Drivers Plan Weekend Boycott Over 'Excessive' Commission Fees Threatening Livelihoods
03:29
South African insurer Sanlam's profit falls 22% due to increased claims in South Africa, weak Indian operations, and a stronger rand.
South African insurer Sanlam Ltd. reported a 22% drop in profit, primarily due to an increase in weather-related claims in South Africa, weakness in its Indian operations, and a stronger rand reducing the converted value of its overseas earnings.
03:18
Coinbase CEO Predicts Bitcoin's Downturn Is Over
03:01
Mainland Chinese supermarkets, including Sam's Club, have dropped the Hong Kong-bound vegetable label following new customs rules from September 1, raising consumer food safety concerns.
02:57
IFSCA Executive Director: India's GIFT City Attracts Payment Companies with Flexible Regulations and Cross-Border Transaction Freedom
IFSCA Executive Director Dipesh Shah stated that India's GIFT City offers payment companies flexible regulations, streamlined approvals, and greater freedom in cross-border transactions, helping position it as a competitive global financial hub.
02:56
FirstRand's profit drops 5% for the first time in six years as $1.1 billion in provisions offset growth.
FirstRand Ltd.'s profit fell for the first time in six years, dropping 5% as its UK motor finance unit set aside $1.1 billion for customer compensation claims related to mis-sold car loans, offsetting growth in lending and fee income. The Johannesburg-based South African bank announced on Thursday that its earnings for the year ended June decreased to 39.7 billion rand (approximately $2.5 billion), yet still surpassed the 39.3 billion rand expected by analysts surveyed by Bloomberg.
02:47
Private Credit Investors Clash Over £36 Billion BHP Dam Collapse Litigation
Two litigation funders are backing rival law firms in a fight for control of a £36 billion ($48.8 billion) suit over one of Brazil’s worst environmental disasters.
02:44
BlackRock executives recommend investors adjust the traditional 60/40 stock-bond portfolio to 50% stocks, 30% bonds, and 20% private market assets.
Fabio Osta, Managing Director, EMEA Wealth Business for BlackRock's Private Markets Specialist Team, stated that the rise of AI investment opportunities represents a "once-in-a-century" historic shift, accelerating the expansion of private markets and prompting investors to gradually abandon the decades-old 60/40 equity-bond portfolio framework. He explicitly recommended adjusting the traditional 60% equity, 40% bond allocation to 50% equity, 30% bonds, and 20% private market assets. BlackRock anticipates that global alternative assets under management will grow from the current $20 trillion to $30 trillion by 2030, driven by demand from institutional and wealth clients. Osta identified AI as the core driver for private markets, noting that energy transition, demographic shifts, and urbanization are the other three "super trends."
02:44
Goldman Sachs Report: Apple AirPods 5 Wireless Charging Case Version Priced $30 Lower Than Previous Generation
Goldman Sachs' research report, published on September 10, also covered other new Apple products, including the AirPods 5 wireless charging case version, which is priced $30 lower than the AirPods 4.
02:44
Goldman Sachs Report: Apple iPhone 18 Pro Series Price to Increase by Approximately $100 Compared to Previous Generation
Goldman Sachs' research report, published on September 10, simultaneously commented on Apple's iPhone 18 Pro and Pro Max series, anticipating a price increase of approximately $100 compared to the iPhone 17 Pro series.

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