MERZ says Canadian submarine deal signals a long-term cooperative relationship.

The Hong Kong Monetary Authority provided HK$20 mln of liquidity to banks via its discount window.

China's National Financial Regulatory Administration and the Shanghai municipal government issued measures to accelerate construction of the Shanghai International Reinsurance Center. The measures endorse reinsurance firms raising capital via equity increases and issuing capital-supplementary instruments to strengthen both endogenous capital accumulation and external capital replenishment. Regulators will guide insurers to concentrate reinsurance capacity on major national projects, strategic emerging industries and social-welfare exposures to boost risk protection, and support reinsurers using technical expertise to provide insurance-sector risk-reduction services.