On June 12 the Shanghai municipal government will hold a press conference to present details on the 2026 Lujiazui Forum. Attending agencies include the Shanghai Party Committee Financial Office, the PBOC’s Shanghai headquarters, the Office of the National Financial Supervision and Administration and the CSRC’s Shanghai bureau. Officials will outline the forum’s arrangements and answer reporters’ questions.

Global banks are tightening financing and limiting new swap exposure for hedge funds long SK Hynix and Samsung Electronics after a year-to-date chip rally and rising volatility raised pullback risk. Citi, JP Morgan and Goldman Sachs have raised financing costs on equity swaps used to go long the two Korean names; banks have also cut deal sizes and narrowed eligible counterparties. Morgan Stanley is declining new swap trades in both stocks, and several smaller banks stopped taking new orders in the past two weeks. Banks still executing new business are vetting trades case-by-case; BofA, BNP Paribas and UBS have also increased swap financing costs and imposed size limits.

欧佩克月报：印度石油制品净进口较上轮统计增加51万桶/日至465万桶/日。