The Shanghai Stock Exchange issued a regulatory letter to Andeli regarding its acquisition of Yantai Beifang Andeli Juice Co., Ltd.

Singapore will establish an OTC gold clearing system for Loco Singapore (physical gold stored in Singapore) by year-end. Six banks—DBS, Deutsche Bank, ICBC Standard Bank, JP Morgan, OCBC and UOB—will act as clearing members. MAS will launch a central bank vault service in October to provide secure gold storage for foreign central banks and sovereign entities. SGX is exploring a physically deliverable gold futures contract to enhance local price discovery and risk management. MAS will remove the 5% cap on physical precious metals holdings for eligible funds and family offices under its tax incentive scheme.

BofA (BAC.N) said its credit-card delinquency rate stood at 1.30% at end-May.