China’s foreign exchange regulator has pledged to help further open up the forex market, while strengthening oversight of cross-border capital flows in the second half of the year, reports the South China Morning Post.

“[We will] steadily expand the institutional opening-up in the foreign exchange sector,” the State Administration of Foreign Exchange (SAFE) said in a statement on Sunday. The regulator, which had held a work meeting on Saturday to lay out key priorities for the rest of the year, also pledged to promote trade facilitation reforms and introduce a package of measures to optimise foreign-exchange management for the current account.

To deepen the development of the forex market, authorities will reduce exchange-rate hedging costs for small and medium-sized enterprises by promoting multiparty cooperation, and support regions such as the Hainan free-trade port to pilot innovations in foreign-exchange management.

China’s major stock exchanges are overhauling their benchmark indices to add domestic artificial intelligence and semiconductor companies while phasing out traditional consumer electronics manufacturers, reports Caixin.

The semi-annual rebalancing, effective June 15, impacts more than a dozen key gauges including the CSI 300, SSE 50, and STAR 50. Passive funds are already injecting hundreds of millions of dollars into newly selected computing and memory chip stocks during the two-week trading window before the changes take effect.

The changes are strictly rule-based, prioritizing daily average market capitalization and liquidity over the past year. Driven by a surge in listed tech firms and active trading, domestic computing infrastructure providers—spanning graphics processing units (GPUs), optical modules, and memory chips—are replacing older telecommunications and hardware assets. Consequently, companies like Goertek, Yealink Network Technology and Fiberhome Telecommunication Technologies are being removed from mainstream indices.

Unisplendour Corporation, a subsidiary of state-backed Tsinghua Holdings, has scrapped year-long plans to get listed on the Hong Kong stock exchange, reports the South China Morning Post. Instead, it will raise $800 million via a private share placement on the Shenzhen exchange.

The Shenzhen-listed developer of cloud computing software and manufacturer of servers and storage systems said in an exchange filing on Wednesday that its board had voted to terminate the proposed share issuance on the Hong Kong stock exchange. The termination would not have any “significant impact” on its business operations, the statement added.

Simultaneously, Unisplendour announced plans to raise up to RMB 5.57 billion (US$800 million) via a private placement of shares on the Shenzhen bourse to fund the acquisition of a further 7% stake in H3C Technologies, buy research and development equipment and repay loans.

US companies operating in China are growing more optimistic about their earnings outlook, reports Caixin, citing a new report from the American Chamber of Commerce (AmCham) in China. This comes despite mounting concerns over a slowing Chinese economy and continued geopolitical friction.

In its 2026 China Business Climate Survey, AmCham China found that 52% of member companies expect to be profitable this year—a six-percentage-point rise from 2025. But while earnings expectations have improved, the country’s weakening economic fundamentals have overtaken US-China relations as the most pressing concern for the first time in the survey’s two-decade history.

Among the nearly 370 firms surveyed, 73% expect revenues in China to grow or remain stable in 2025. The services sector reported a significant recovery, with the proportion of profitable firms jumping 15 percentage points to 61%. Roughly one-fifth of all companies surveyed said their profit margins in China exceeded their global average — the strongest result since 2022.

China has pledged to empower local governments with city-specific measures to clear housing gluts and optimise supply next year, reports the South China Morning Post. The move is aimed at ramping up efforts to stabilise a real estate market that has been in downfall.

“Municipal governments should fully utilise their autonomy in regulating the property market, adjusting and optimising policies as appropriate,” said Ni Hong, the minister of housing and urban-rural development.

To mitigate delivery risks in commercial housing, the ministry is pushing for a shift towards selling completed homes in a “what you see is what you get” model. While for projects that continue to operate on the traditional presales model–a key amplifier of the property crisis–Ni called for stricter oversight of funds to ensure that homebuyers’ rights are protected.