Cointime reports: A hack at Binance has prompted regulators to look into the banking system. The breach at the crypto exchange drew regulatory attention to banks’ exposure to crypto firms. No further details on the scope of the regulatory inquiry or the size of the hack were provided.
Cointime update: China’s Ministry of Industry and Information Technology conducted 42 batches of technical app inspections in the third quarter of 2026, ordering 967 apps to rectify violations, publicly naming 163 and removing 72 from app stores, the ministry said in its Q3 telecom service quality notice. The compliance rate of apps on shelves rose 1.3 percentage points from the previous quarter, with platforms including Yingyongbao, Honor App Store, Xiaomi App Store and Baidu Mobile Assistant leading.
Cointime update: The Shanghai Stock Exchange held two special forums on mergers and acquisitions, one for listed companies and one for market institutions, with representatives from seven listed companies and seven securities, valuation, venture capital and insurance firms. Topics included peer competition among central and state-owned enterprises, cross-industry deals, installment payments, tech-company valuation and M&A insurance credit enhancement. In the first three quarters of 2026, Shanghai-listed companies added 546 asset restructuring cases, including 46 major ones worth over RMB 500 billion.
Cointime update: China’s Jilin provincial discipline inspection commission announced on the 5th that Chai Wei, former Party secretary and chairman of Northeast Small and Medium Enterprises Financing Re-guarantee Co., has been expelled from the Communist Party and dismissed from public office. Chai, also a member of the 12th Jilin Provincial Party Committee, was investigated for serious violations of discipline and law following approval from the provincial Party committee.
Cointime update: The Asset Management Association of China has issued a notice to fund advisory pilot institutions on setting up T-class shares, effective next year, to standardize the fund advisory business and protect fund holders’ rights. The move implements the fee rules for publicly offered securities investment funds and follows the pilot program notice for fund investment advisory services.
Cointime update: China’s Ministry of Finance will issue RMB-denominated green sovereign bonds in Canada during the week of Nov. 9, 2026, with a size of no more than 4 billion yuan, the ministry said. The issuance was approved by the State Council. Specific issuance arrangements will be announced separately before the sale.
Cointime update: China’s State-owned Assets Supervision and Administration Commission (SASAC) held a symposium in Beijing on Nov. 3 on deepening reform of local state-owned enterprises. The commission said local SOEs should align with regional 15th Five-Year Plan priorities, concentrate on core businesses, and curb unrelated diversification, multi-layer structures and excessive debt while pursuing M&A prudently.
Cointime update: China’s Ministry of Commerce will continue to impose anti-dumping duties on imports of n-propanol originating in the United States for a further five years, starting November 6, 2026. The extension maintains the existing trade measure on the chemical product. No duty rates or product scope details were disclosed in the announcement.
Cointime update: Chinese Premier Li Qiang signed a State Council decree publishing the Decision of the State Council on Amending and Repealing Certain Administrative Regulations, effective from the date of publication. The decree covers revisions and repeals across a set of administrative regulations; the announcement did not specify which regulations are affected or which sectors they cover.
Cointime update: Pan Gongsheng, governor of the People’s Bank of China, met Morgan Stanley chairman Ted Pick on November 4 to exchange views on current Chinese and global economic and financial conditions and the opening-up of China’s financial sector. The meeting was disclosed by the central bank’s website.
Cointime update: People’s Bank of China Deputy Governor Zou Lan addressed the fifth International Financial Leaders Investment Summit in Hong Kong on November 3, 2026, saying China’s economy is showing a trend of innovation and improvement and will continue to rely on expanding domestic demand to drive growth. Zou said the PBOC will adapt to changes in China’s financial structure, promote the gradual transformation and optimization of its monetary policy framework, deepen high-level financial opening, support Hong Kong’s role as an international financial center and consolidate its position as an offshore renminbi hub.
Cointime update: The People’s Bank of China and Bank Indonesia held a joint working mechanism meeting on November 3, 2026, with PBOC Deputy Governor Xuan Changneng and Bank Indonesia Deputy Governor Thomas Jiwandono attending. The two sides exchanged views on progress under the joint working mechanism and priorities for the next stage of bilateral financial cooperation.
Cointime update: SigmaStar Technology has received filing approval from the China Securities Regulatory Commission to issue overseas-listed shares (H shares), the company disclosed. The CSRC clearance is a required step before the Shenzhen-listed chipmaker can proceed with a Hong Kong listing. No timetable, offering size or pricing details were given in the filing notice.
Cointime update: Binance has completed a 98% backfill of assets stolen in a hot wallet incident and expanded its proof-of-reserves snapshot to 44 tokens, the exchange said. Coinbase stated it was unaffected by the Binance hot wallet event and that more than 99% of customer assets are held in cold storage. France’s National Assembly passed an amendment requiring declaration of self-custodied crypto assets above €100,000.
Cointime update: China’s Ministry of Industry and Information Technology has opened public consultation on draft interim rules for digital IDs on new-energy vehicle power batteries. The draft requires battery makers, NEV producers (including importers selling domestically), battery-swap operators, vehicle repairers, end-of-life vehicle recyclers and comprehensive utilization firms to submit traceability data to the national NEV power battery traceability platform under existing interim measures.
Cointime update: Japan plans to approve revised security documents in December that would nearly double defense spending to 70–80 trillion yen over five years, with focus on long-range strike and unmanned combat capabilities, China’s Foreign Ministry said on November 5. Spokesperson Guo Jiakun accused Tokyo of using the “maximum strategic challenge” label as cover for military expansion and urged the international community to stay alert.
Cointime update: Chinese Foreign Ministry spokesperson Guo Jiakun said the US midterm elections are an internal US affair, responding to a question on China-US relations after the vote. Guo said Beijing is willing to work with Washington to uphold and implement the important consensus reached by the two heads of state, strengthen communication, properly handle differences and expand cooperation, building a constructive strategic and stable relationship based on respect, fairness and reciprocity.
Cointime update: Hong Kong’s court delivered a sentencing ruling on Nov. 5 in the collusion case against Joshua Wong, who was convicted of conspiring with foreign or overseas forces to endanger national security. Chinese Foreign Ministry spokesperson Guo Jiakun said the crime was serious and Wong pleaded guilty in the face of extensive facts and evidence. Guo added that the central government firmly supports the Hong Kong SAR in safeguarding national security and combating acts that endanger it under the law.
Cointime update: The EU began charging a €2 handling fee on low-value imported goods on November 1, following a €3 tariff introduced in July. China’s Commerce Ministry spokesperson Huang Ling said on November 5 that Beijing is closely watching the new rules and hopes the EU will carefully assess their impact, calling cross-border e-commerce a new trade model that offers consumers and businesses more choices.
Cointime update: China’s Supreme People’s Court and Supreme People’s Procuratorate jointly released typical cases on the lawful punishment of new and hidden forms of duty-related crimes. The release is part of judicial guidance on handling such cases. No specific cases, figures or enforcement actions were disclosed in the announcement.