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February 2nd, Futures News: As of 20:30 Beijing time, WTI crude oil futures fell 4.68%, and US natural gas futures fell 16.84%.New York gold futures were the first to rebound, rising above $4,800 per ounce.European mining stocks turned positive, erasing earlier losses.On February 2nd, Li Qiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, conducted research in Shandong Province. He emphasized the need to thoroughly implement General Secretary Xi Jinpings important instructions on economic and social development this year and during the 15th Five-Year Plan period, adhering to a combination of short-term and long-term goals, ensuring a good start, proactively implementing various policies, and resolutely implementing all decisions and deployments of the CPC Central Committee to promote development, improve peoples livelihoods, and enhance long-term growth potential more solidly and effectively. Governments at all levels should, in accordance with the decisions and deployments of the CPC Central Committee, take proactive measures, leverage local advantages, strive to cultivate new growth points, and ensure that all work is implemented effectively as soon as possible. They should further strengthen their service awareness, continuously improve government efficiency, implement various policies benefiting enterprises, and address their concerns and demands. Focusing on promoting high-quality development, and in conjunction with the formulation and implementation of the 15th Five-Year Plan, they should deeply plan a number of major initiatives and projects, making greater progress in key areas such as developing new productive forces according to local conditions, strengthening the domestic economic cycle, and promoting employment and income growth for residents. Li Qiang stressed that local governments should adhere to the principle of seeking truth from facts and pay attention to systematic integration when formulating the 15th Five-Year Plan, especially the formulation of grassroots special plans, which should be concise and precise, avoiding excessive ambition.February 2nd - According to statistics from the Shenzhen Real Estate Intermediary Association, a total of 6,802 second-hand homes were sold in Shenzhen in January 2026, representing a 2.9% increase month-on-month and a significant 45.5% increase year-on-year, marking a new high in nearly 10 months. This marks the 11th consecutive month that sales have exceeded 5,000 units, indicating that the market has emerged from its trough, buyer confidence has significantly recovered, and a solid foundation has been laid for a subsequent "mini-boom" in the market.

Global crypto rules needed to keep markets clean, says UK watchdog

Cory Russell

Jul 15, 2022 14:57

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International crypto companies like Binance must be governed by global laws in order to "keep markets clean," according to a statement made on Thursday by the British Financial Conduct Authority.


The majority of the world's cryptocurrency companies are unregulated, but several nations want proof that they have effective safeguards in place to thwart money laundering.


The biggest cryptocurrency exchange in the world, Binance, was told by the FCA last year that it was "not capable of being adequately monitored" and so could not engage in any regulated activity in Britain.


Regulators in Spain, France, and Italy have this year given Binance permission to operate in those countries' domestic marketplaces.


In answer to a query on whether authorities are being pitted against one another by cryptocurrency startups, FCA Chief Executive Nikhil Rathi said at the Peterson Institute for International Economics in Washington, "I believe some global baseline norms are vital."


The clean markets that we all want depend on having excellent shared regulatory standards and information sharing across borders, according to Rathi. "As we have seen in other domains like anti-money laundering, these are essentially cross-border actions by some very well organized players," he added.


After rejecting applications from a large number of organizations, the regulator has come under fire from the cryptocurrency industry.


We will always be vigilant about consumer protection when it comes to cryptocurrencies, Rathi stated.

Rathi said that, regrettably, the FCA's long-ago warning that holders of crypto currencies may lose all of their money has come true after the recent decline in the price of bitcoin.


A global regulatory agency, the Financial Stability Board, said this week that it planned to provide draft proposals for regulating crypto assets to G20 nations in October.


Earlier this month, a French member of the European Parliament asked the French market regulator to reconsider its decision to register Binance.

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