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The Ministry of Finance recently allocated 99.9 billion yuan in childcare subsidies for 2026, a 10.6% increase over the previous year, to support local governments in providing childcare subsidies to eligible infants and young children. It is estimat

2026-06-02

The Ministry of Finance recently allocated 99.9 billion yuan in childcare subsidies for 2026, a 10.6% increase over the previous year, to support local governments in providing childcare subsidies to eligible infants and young children. It is estimated that total subsidies from all levels of government will reach approximately 110 billion yuan for the entire year.

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2026-06-02

Eurostat said May CPI rose 3.2% YoY, up from April’s 3.0% and in line with the median forecast. Core CPI excluding food and energy accelerated to 2.5%, above expectations, while services inflation jumped to 3.5%. Markets price a June ECB hike — the f

Eurostat said May CPI rose 3.2% YoY, up from April’s 3.0% and in line with the median forecast. Core CPI excluding food and energy accelerated to 2.5%, above expectations, while services inflation jumped to 3.5%. Markets price a June ECB hike — the first since Sept 2023. Officials appear to have concluded they cannot keep waiting and should act promptly to counter spillovers from the Middle East conflict.
2026-06-02

Shanghai municipal government office issued a notice laying out measures to deepen Shanghai as a global asset management center. It directs authorities to authorize commodity futures settlement prices for use by additional overseas exchanges, support

Shanghai municipal government office issued a notice laying out measures to deepen Shanghai as a global asset management center. It directs authorities to authorize commodity futures settlement prices for use by additional overseas exchanges, support cross‑border delivery services, and boost the international transmission of commodity and gold benchmark prices to expand Shanghai Gold applications. The notice also calls for optimizing the Shanghai sovereign bond yield‑curve formation mechanism, wider adoption of the Shanghai interbank offered rate (SHIBOR) and deposit‑taking institutions’ bond repo rates as financial price indicators, and encouraging foreign investors to use onshore RMB bond indices and valuations as performance benchmarks and tracking targets.
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