SINGAPORE EXCHANGE - THREE NEW SDRS WILL HAVE MINIMUM INVESTMENT SIZES OF S$200, VS MORE THAN S$1,000 FOR UNDERLYING HK SHARES

Chinese regulators fined major delivery platforms including Alibaba Group, PDD Holdings, Meituan, JD.com and ByteDance’s Douyin a total of 3.6 billion yuan ($528 million) for failing to filter unqualified merchants, according to the State Administration for Market Regulation. The penalty, the largest since the 2015 food safety law revision, included fines and confiscation of improper income tied to “ghost deliveries,” where merchants used fake locations or licenses and sometimes outsourced orders without disclosure. Authorities said platforms lacked adequate review processes but had removed unlicensed vendors after inspections, while executives responsible for food safety were separately fined 19.7 million yuan.

美國短期利率期貨上漲，市場預計2026年美聯儲降息的可能性上升。