Chinese companies need to develop more rigorous standards for disclosing and understanding risks posed by climate change, researchers from Chinese insurer Ping An said in a report Thursday.

Tokyo-based Ueda Yagi Tanshi Co. will be the first wholly foreign-owned money broker to operate in mainland China, after receiving approval on Friday from the China Banking and Insurance Regulatory Commission.

Daiwa Securities has received approval to open a joint securities venture in China as the Japanese broker and investment bank stages its return to the Chinese market amid the country’s financial opening.

China’s largest insurer is harnessing its expertise in artificial intelligence to expand health care services in Shanghai and Hong Kong through new joint ventures with a research-driven Japanese pharmaceutical company.

Hong Kong Exchanges & Clearing rolled out new futures offerings under a licensing agreement with MSCI on Monday, marking the latest move in the exchange’s effort to become Asia’s leading financing market.

The real estate division of the Allianz Group is building a $2.3 billion investment platform in partnership with a South Korean pension fund to expand its real estate investment portfolio in the Asia-Pacific region, the company said Monday.

MUFG Bank has become the first Japanese bank to win approval to act as a settlement agent in China’s interbank bond market, the bank said Tuesday.