A-share diversified financials spiked in a short-lived rally; Ruida Futures hit the daily limit, Huajin Capital gained over 5%, and Nanhua Futures, Hongye Futures and Aijian Group also rose.

Wells Fargo CFO: mid-market clients remain cautious.

At a State Council Information Office briefing, a Justice Ministry official said the ministry and the National Development and Reform Commission are leading the drafting of regulations to create a unified national market. The rules will implement the “five unifications, one openness” requirements and use binding legal measures to tackle local protectionism, market fragmentation and ‘involution’ competition, aiming to remove regulatory and market barriers, strengthen domestic circulation and smooth domestic‑international dual circulation.