Fitch: Post-election coalition talks in Kosovo have again heightened uncertainty over the country’s political trajectory and reform outlook.

On June 30 in Beijing CSRC chairman Wu Qing chaired a meeting to advance a central-local coordinated enforcement system on capital-market accounting fraud. Since the State Council General Office on July 5, 2024 forwarded the CSRC-led opinion on strengthening comprehensive deterrence, central-local enforcement has intensified. Authorities conducted three rounds of special actions: 247 accounting-fraud cases were investigated and handled, 156 administrative penalties imposed, and RMB 9.051 billion in fines and forfeitures collected; 21 severely fraudulent companies were forcibly delisted. Regulators said sanctions have been extended to parties that assisted fraud and administrative-criminal enforcement coordination has been strengthened. Investor civil-remedy channels were also expanded: authorities supported 84 civil suits; Zeda Yisheng and Guangdao Digital made early investor payments totaling nearly RMB 500 million; representative lawsuits in Jintongling, Meishang Ecology and Jinzhou Port have shown major progress; responsible parties in Qingyue Technology publicly stated they will pre-compensate eligible investors.

Spot gold rose more than 1% intraday, touching $4,060/oz.