Shenzhen Composite Index up more than 2% in afternoon trade.

On June 29, 2026 in Singapore, the China Securities Regulatory Commission (CSRC) and the Monetary Authority of Singapore (MAS) held the 10th China‑Singapore securities and futures regulatory roundtable. CSRC Vice Chairman Liu Haoling and MAS Deputy Managing Director Ho Hengxin delivered opening remarks. Officials reviewed pragmatic cooperation to date—including China‑Singapore index collaboration, deepening China‑Singapore ETF connectivity, and strengthened securities regulatory cooperation—and exchanged on market reform developments, capital‑market operations and enforcement under frontier technologies, and cross‑border securities and futures business and supervision. MAS Assistant Managing Director Lim Tuanli, CSRC and MAS department heads and about 40 industry and exchange representatives attended in person and online.

The yen briefly hit its weakest level since 1986. More market-relevant than the level is that Japan has exhausted conventional policy levers yet the currency kept weakening: 1) rate hikes failed to stop the decline; 2) record defence spending did not support the yen; 3) repeated official warnings and calls for decisive action had no effect; 4) stabilising oil prices did not arrest depreciation. The common failure points to constraints in the global dollar funding system. When that system functions normally trade and credit expand, allowing currencies like the yen to appreciate; when it is strained, dollar scarcity hits economies exposed to global trade and dollar-priced imports regardless of domestic central bank policy.