China's securities regulator CSRC will approve registration of the first batch of 18 active ETFs, Xinhua reports.

U.S. Treasury Secretary Bessent said European countries are funding Russia's war machine. The U.S. imports $4 bln of Russian goods, $1.8 bln of which are fertilizer, and European imports exceed the U.S. by more than tenfold.

MOFCOM and eight other ministries issued guidance to accelerate tech-driven commerce, calling for an upgrade in goods supply and deep implementation of an “AI+Manufacturing” special action. The guidance directs faster integration of AI across product R&D, design, manufacturing and marketing to expand smart-product supply — citing smartphones, PCs, home appliances, wearables and robots. It specifically encourages R&D and deployment of smart products built on secure, reliable open-source operating systems. The document also urges transformation and premium upgrading of legacy industries and brands, building a cohort of high-end Chinese consumer goods rooted in homegrown innovation, promotes tech-driven agriculture to raise quality and efficiency of specialty farm products, and supports time-honored brands in adopting modern production technologies for product innovation.