June 12 — At a Shanghai municipal government briefing, PBOC Shanghai deputy director Chen Jiming said the office will, per PBOC head office instructions, continue FTZ financial reforms to improve cross-border trade and investment facilitation. Planned steps: expand the pilot coverage of Free Trade Account (FTA) functions to more qualified enterprises; broaden the Lingang New Area offshore trade-finance reform pilot to cover more offshore trade scenarios; and support exploration of an offshore fi

Bank Indonesia is intensifying oversight of FX trading by Wall Street banks and domestic banks to curb rupiah weakness, sources said. BI has stepped up monitoring to ensure trades are for commercial rather than speculative purposes and said it will increase supervision of large USD purchases by banks and companies; it has urged international banks to bring more dollars onshore and is monitoring seven high-volume FX banks, sources added. The move reflects rising official concern about the rupiah’s depreciation amid a broader selloff in Indonesian assets driven by investor unease over President Prabowo Subianto’s economic policy direction.

印度和孟加拉國在邊界會談後發佈聲明，重申在邊界地區維護和平、安寧與穩定的承諾。