Longbridge Securities Addresses Regulatory Inquiry, Reaffirms Client Asset Protection Framework

Longbridge Securities has formally responded to a regulatory investigation and potential penalties. The company emphasized its licensed entities are overseen by overseas regulators. It reaffirmed complete segregation of client and operational funds, with securities held by authoritative depositories and protected by an investor compensation scheme. Longbridge pledged full compliance with rectification requirements.

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Fiscal and Monetary Policy Synergy: Key Moves to Stabilize the Economy

China's Ministry of Finance and the People's Bank of China held a key joint meeting, affirming policy coordination achievements and discussing financial market stability, offshore RMB bond development, and enhanced fiscal-monetary synergy. Both pledged to implement proactive fiscal and accommodative monetary policies to support economic stability.

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