The National Financial Regulatory Administration issued a notice requiring commercial banks to conduct Pudong New Area FTZ offshore bond business on a lawful, risk‑based and prudential basis, and to strictly comply with the Shanghai Pudong New Area FTZ offshore bond development provisions and related rules. Banks are instructed to focus issuance and underwriting on serving overseas financing needs of China’s going‑out enterprises and high‑quality firms in Belt and Road partner countries and regi

China Everbright Bank and Everbright Wealth in Beijing released a China Asset Management Market 2024–2025 report saying the industry could sustain annual growth above 5% over the next five years, driven by rising total household wealth, a larger share of financial assets, greater wealth-management penetration and valuation support. Households are reallocating wealth away from property and deposits toward diversified financial assets, following a gradual pathway: fixed income as the base, progressive equity allocation and multi-strategy expansion. Against a backdrop of low deposit rates, retail demand remains focused on principal protection, keeping bank wealth-management and other fixed-income products as the primary safety cushion and main vehicle for flows. Expansion of personal pension schemes and a more developed ETF ecosystem should shift equity allocation from a niche of aggressive investors to marginal inflows from high-net-worth clients and long-duration institutional capital.

Eurozone May CPI (final) MoM +0.1%; expected +0.1%; prior +0.1%.