2026-06-02

Several Chinese banks have rolled out subsidies for WeChat Pay withdrawal fees. Analysts say banks are converting marketing spend into immediate consumer benefits to wage a targeted battle for low‑cost liabilities in the mobile‑payments era, aiming to secure a more stable, lower‑cost deposit base. Free withdrawal quotas are typically tied to platform scenarios such as membership points, e‑commerce and food delivery. Both WeChat Pay and Alipay are coordinating with internet private banks, using f

Several Chinese banks have rolled out subsidies for WeChat Pay withdrawal fees. Analysts say banks are converting marketing spend into immediate consumer benefits to wage a targeted battle for low‑cost liabilities in the mobile‑payments era, aiming to secure a more stable, lower‑cost deposit base. Free withdrawal quotas are typically tied to platform scenarios such as membership points, e‑commerce and food delivery. Both WeChat Pay and Alipay are coordinating with internet private banks, using fee waivers to attract potential depositors.

2026-06-02

Japan's Nikkei 225 slid as much as 2% intraday.

Japan's Nikkei 225 slid as much as 2% intraday.

2026-06-02

日經225指數日內跌幅達2%。

日經225指數日內跌幅達2%。

2026-06-02

CSI 300 index futures (IF) main contract up 0.83%; SSE 50 index futures (IH) main contract up 0.26%; CSI 500 index futures (IC) main contract up 0.14%; CSI 1000 index futures (IM) main contract down 0.09%.

CSI 300 index futures (IF) main contract up 0.83%; SSE 50 index futures (IH) main contract up 0.26%; CSI 500 index futures (IC) main contract up 0.14%; CSI 1000 index futures (IM) main contract down 0.09%.

2026-06-02

At the morning close, China government bond futures: 2-year (TS) main contract +0.01%, 5-year (TF) main contract unchanged, 10-year (T) main contract unchanged, 30-year (TL) main contract -0.16%.

At the morning close, China government bond futures: 2-year (TS) main contract +0.01%, 5-year (TF) main contract unchanged, 10-year (T) main contract unchanged, 30-year (TL) main contract -0.16%.

2026-06-02

At the morning close, China's main futures were mixed: tin +3%+, methanol ~+3%; LPG, bitumen, paraxylene (PX) and apples +2%+; SC crude and low-sulfur fuel oil (LU) ~+2%. Decliners: lithium carbonate -~4%; Asia–Europe container freight -2%+; caustic soda, alumina, live hogs, glass, soda ash and SHFE gold down >1%.

At the morning close, China's main futures were mixed: tin +3%+, methanol ~+3%; LPG, bitumen, paraxylene (PX) and apples +2%+; SC crude and low-sulfur fuel oil (LU) ~+2%. Decliners: lithium carbonate -~4%; Asia–Europe container freight -2%+; caustic soda, alumina, live hogs, glass, soda ash and SHFE gold down >1%.