French prosecutors said the Russian captain of a Moscow-linked tanker who had been detained has been released.

Tier-2 perpetual bond issuance by Chinese commercial banks accelerated into June. As of June 3, banks issued 22 Tier-2 perpetual bonds year-to-date totaling 646 bln yuan; April issuance alone was 315 bln yuan, a multi-year high for the month. Market participants attribute the pickup to faster regulatory approvals, a low-rate window that lowers funding costs, and special government bond injections supporting bank capital. YTD issuance yields have declined sharply versus the same period in 2025, with a minimum of 1.9% and an average of 2.03% through June 3. Tianfeng Securities’ fixed-income chief analyst Tan Yiming said funds were the main buyers in May, drawn by relatively wider credit and product spreads.

At the open on Thursday June 4, China's Shanghai Composite Index fell 30.3 points (-0.74%) to 4,053.67; Shenzhen Composite fell 164.65 points (-1.05%) to 15,540.06; CSI 300 fell 41.49 points (-0.84%) to 4,897.32; ChiNext fell 50.44 points (-1.22%) to 4,072.55; STAR 50 fell 25.87 points (-1.50%) to 1,700.31.