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1.14766
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Gold
4362.93
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93.515
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156.996
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Real-time News
On September 21, following the turmoil at Situational Awareness, a hedge fund betting on artificial intelligence that resulted in massive losses for Jane Street, the Bank of England and the Federal Reserve have stepped up their scrutiny of banks exposure to large trading firms. Sources familiar with the matter said regulators are questioning global banks about their exposure to trading firms and market makers, including New York-based Jane Street and Ken Griffins Citadel Securities. These regulators had previously prioritized understanding banks exposure to so-called non-bank financial intermediaries. However, sources indicated that they have intensified their efforts to understand positions related to trading firms and market makers after this sell-off and Jane Streets losses. Regulators want information on these firms risk appetite, how banks exposure to them changes intraday, and how risk controls operate.On September 21, the National Medical Products Administration and the General Administration of Customs issued an announcement stating that, in order to further promote the digitalization of government services and improve the efficiency and facilitation of customs clearance services for imported medicines (including medicinal materials), a pilot program for electronic customs clearance of imported medicines (including medicinal materials) will be launched at Beijing ports, effective from the date of the announcement. Electronic customs clearance documents for imported medicines (including medicinal materials) have the same legal effect as paper documents. During the pilot period, existing paper documents remain valid, and enterprises can use them normally in accordance with relevant regulations.According to Afghanistans TOLOnews, local officials say a Pakistani airstrike in Afghanistans Kunar province has killed at least three people.The China Earthquake Networks Center officially reported that a magnitude 3.2 earthquake occurred at 10:59 a.m. on September 21 in Xinghai County, Hainan Prefecture, Qinghai Province (35.36 degrees north latitude, 99.56 degrees east longitude), with a focal depth of 10 kilometers.On September 21, in response to recent reports from quality inspections and media outlets regarding falsified inspection and testing reports in various sectors, the State Administration for Market Regulation (SAMR) launched a comprehensive campaign to rectify and strengthen the supervision of the entire inspection and testing chain, including pre-event, during-event, and post-event procedures. The campaign aims to thoroughly address irregularities in the inspection and testing industry, adhering to a problem-oriented, goal-oriented, and results-oriented approach. It will integrate system building, reform efforts, and innovation, combining immediate rectification with long-term institutional development, and managing both institutions and personnel. While strictly controlling qualification requirements, the campaign will focus on addressing shortcomings in the entire regulatory chain, strengthening the application of smart technologies, and improving collaborative governance mechanisms to continuously enhance regulatory effectiveness.
