ECB President Lagarde said extreme weather events may raise food prices, and a worsening El Niño may further exacerbate that effect; broader climate and natural crises could also push food prices higher.

At a Sept. 10 State Council Information Office briefing, CSRC Vice Chairman Li Chao said the regulator will accelerate the development of top-tier investment banks and investment institutions, stressing functional roles and urging firms to focus on core businesses, strengthen governance, pursue differentiated development, enhance comprehensive capabilities and professional services, and cultivate a healthier industry and investment culture.

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