European Council President COSTA said the EU will approve a Savings and Investment Union this year.

The CSRC launched a consultation to tighten listed-company refinancing rules, proposing higher small, rapid-refinancing limits provided planned financings do not exceed 20% of net assets. Caps for Shanghai- and Shenzhen-listed firms would rise from 300 mln to 600 mln yuan; Beijing Stock Exchange firms’ cap would increase from 100 mln to 200 mln yuan. For firms with net assets above 100 bln yuan, the small-refinancing cap would be raised to 1 bln yuan. The draft also changes required authorization from annual shareholders’ meeting approval to shareholders’ meeting authorization to increase financing flexibility.

【國債期貨午盤收盤】2年期國債期貨（TS）主力合約漲0.01%，5年期國債期貨（TF）主力合約持平，10年期國債期貨（T）主力合約跌0.04%，30年期國債期貨（TL）主力合約跌0.22%。