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Market News: Citigroup Becomes Fifth Bank to Clear Trades in London OTC Gold Market

Market news: Citigroup has become the fifth bank to clear trades in the London over-the-counter gold market, the largest gold trading center in the world. (Jin Shi)

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  • Central Cyberspace Administration Launches First Phase of 'Clear and Bright: Rectifying AI Application Chaos' Initiative

    On July 6, according to the Cyberspace Administration, the 'Clear and Bright: Rectifying AI Application Chaos' initiative has been underway since April 2026. The Central Cyberspace Administration has focused on issues such as failure to comply with large model registration obligations, insufficient security and review capabilities of AI platforms, AI data poisoning, and inadequate implementation of synthetic content identification. Local cyberspace departments have been tasked with advancing the key rectification efforts of the first phase and have established a 'Reporting Zone for AI Application Chaos' to specifically handle public complaints. Through collaborative efforts, over 14,000 non-compliant websites, applications, and AI products have been addressed in the first phase, over 6 million pieces of illegal information have been cleared, more than 26,000 accounts have been dealt with, and over 1,300 non-compliant AI products and 9 non-compliant open-source datasets have been removed, achieving positive progress in all areas.

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