BOT governor says no need to raise rates to counter inf.

Shanghai municipal government office issued guidelines to deepen Shanghai’s development as a global asset management center, aiming to grow asset management scale to 55 tln yuan by 2030 — roughly one-third of China’s total. Measures prioritize strengthening asset- and wealth-management dual engines, accelerating RMB internationalization, facilitating domestic and cross-border diversified allocation, and enhancing global allocation and risk-management functions for RMB assets to boost Shanghai’s international financial center competitiveness.

NVIDIA CEO Jensen Huang said he tries to pay employees as much as possible, commenting on partner Samsung Electronics’ recent compensation deal that offers chip engineers bonuses of up to $400,000. Huang said “I try to pay as much as possible, and I do, but that doesn't mean it's right.” He dismissed claims that AI threatens jobs as “nonsense,” saying AI will boost income, profits and GDP. Samsung’s March filing shows average employee pay last year was 158 million won (about $105,000).