$iShares MSCI China ETF (MCHI.US)$
Major news! The People's Bank of China and the Ministry of Finance jointly held the first official meeting; the State Council Information Office will hold a press conference on October 12, and Finance Minister Liao Fade will attend.
Brokerage in China· 00:49
Just now, the People's Bank of China announced that the People's Bank of China and the Ministry of Finance jointly held their first official meeting of the working group.
To implement the spirit of the Third Plenary Session of the Twentieth Central Committee of the Party and to implement the requirement of the Central Financial Work Conference to 'enrich the monetary policy toolkit, gradually increase the trading of national bonds in open market operations by the central bank', the People's Bank of China and the Ministry of Finance have established a joint working group. The working group recently held its first official meeting. People's Bank of China Party Committee member and Deputy Governor Xuan Changneng, as well as Ministry of Finance Party Committee member and Vice Minister Liao Min, attended the meeting and delivered speeches. The meeting fully affirmed the close cooperation between the two sides in the trading of central bank bonds in the previous period, established the operation mechanism of the working group, and exchanged views on issues such as the operation of the bond market. Both sides unanimously believe that the trading of central bank bonds is an important means to enrich the monetary policy toolkit and strengthen liquidity management. Next, it is necessary to coordinate development and security, continue to strengthen policy coordination, continuously optimize relevant institutional arrangements, maintain the stable development of the bond market in a standardized manner, and provide a suitable market environment for the operation of trading central bank bonds. Relevant leaders from the People's Bank of China and the Ministry of Finance participated in the meeting.

$Lufax (LU.US)$
Lufax Holdings Limited is a leading small and medium enterprise owner financial services provider in China. It announced a mandatory unconditional cash tender offer by Morgan Stanley on behalf of joint offerors Anke Technology and Ping An Insurance Overseas Holdings Limited. This tender offer was triggered by a special dividend election. The offer includes the acquisition of all issued Lufax shares and ADS, excluding those held by the offeror team, as well as the cancellation of all unexercised Lufax options and unexercised PSUs. The offer will not result in privatization of Lufax or delisting from the NYSE or any exchange. The tender offer price for Lufax stocks is $1.127 per share, $2.254 per ADS, below the current market price. The offer is unconditional and not subject to any financing conditions. The offer period is set to close on October 28, 2024. Lufax's board, on the advice of independent financial advisors, recommends shareholders not to accept the offer, deeming it unfair and unreasonable.

$Lufax (LU.US)$
Will it be delisted after September 30th?

$Lufax (LU.US)$
US regulatory institutions speak out: actively seeking cooperation agreements with China to end the long-standing cross-border audit regulatory dilemma.
According to media reports, the Public Company Accounting Oversight Board (PCAOB) of the usa stated that the board is actively communicating with Chinese regulatory authorities, having held multiple meetings recently, both sides are committed to reaching a cooperation agreement so that the board can inspect Mainland China-registered and some Hong Kong audit firms engaging in Mainland china business. PCAOB stated its willingness to maintain a cooperative relationship with Chinese government authorities and conduct inspections and investigations of relevant accounting firms in a manner similar to its current cooperation with dozens of other countries or regions.

$Lufax (LU.US)$
The Securities Regulatory Commission responds to the “pre-delisting list” of some Chinese securities: the China Securities Regulatory Commission has taken note of this situation. This is a normal step for US regulators to implement the Foreign Company Accountability Act and related implementing rules. The China Securities Regulatory Commission has expressed its stance on the implementation of the Foreign Company Accountability Law many times before. The China Securities Regulatory Commission respects the strengthening of supervision of relevant accounting firms by overseas regulators in order to improve the quality of financial information of listed companies, but it resolutely opposes the erroneous practices of some forces politicizing securities regulation. The China Securities Regulatory Commission has always adhered to the spirit of openness and cooperation, and is willing to resolve the inspection and investigation issues of relevant firms carried out by the US regulatory authorities through regulatory cooperation. This is also in line with internationally accepted practices.
Recently, the China Securities Regulatory Commission and the Ministry of Finance have continued communication and dialogue with the US Public Company Accounting Supervisory Board (PCAOB), and positive progress has been made. The China Securities Regulatory Commission believes that through joint efforts, the two sides will be able to make cooperation arrangements that meet the legal regulations and regulatory requirements of the two countries as soon as possible, jointly protect the legitimate rights and interests of global investors, and promote the healthy and stable development of the two countries' markets.

$Lufax (LU.US)$
Recently, the official website of the US Securities and Exchange Commission (SEC) published a list of five Chinese securities companies. According to the SEC, based on the Foreign Company Accountability Act (HFCAA), if a foreign listed company fails to submit the reports required by the US Listed Companies Accounting Supervisory Committee for 3 consecutive years, the SEC has the right to delist it from the exchange. The SEC finalized this provisional list on March 8, which includes BeiGene, Yum China, Zaiding Pharmaceuticals, Shengmei Semiconductor, and Huang Pharmaceutical. These five companies can provide evidence to the SEC by March 29 to prove that they are not eligible to be delisted.

$17 Education & Technology (YQ.US)$
Recently, the Securities and Exchange Commission (SEC) official website published a list of five Chinese concept stocks companies. SEC stated that under the Holding Foreign Companies Accountable Act (HFCAA), if a foreign listed company fails to submit the reports required by the Public Company Accounting Oversight Board (PCAOB) for three consecutive years, SEC has the authority to delist it from the exchange. SEC finalized this temporary list on March 8, including Beigene, Yum China, Zai Lab, SMIC, and Hutchmed (China). These five companies can provide evidence to SEC by March 29 to prove that they do not meet the delisting criteria.