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Renminbi strengthened further on Aug. 10. The renminbi central parity was set 20bp stronger at 6.7884 per dollar, the strongest since Feb. 10, 2023. Onshore renminbi traded as strong as 6.7429 intraday, a high since Feb. 6, 2023; at the time of writi

2026-08-11

Renminbi strengthened further on Aug. 10. The renminbi central parity was set 20bp stronger at 6.7884 per dollar, the strongest since Feb. 10, 2023. Onshore renminbi traded as strong as 6.7429 intraday, a high since Feb. 6, 2023; at the time of writing it was 6.7458 per dollar. Lian Ping, chairman of the China Chief Economists Forum, said a phase of dollar weakness has been the primary catalyst, citing three factors: US-Japan joint intervention in the yen and the yen’s short-term rebound weighing on the dollar index; easing Middle East geopolitical risk reducing safe-haven flows; and weak US macro data exacerbating dollar weakness and supporting broad gains in non-dollar currencies.

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2026-08-11

OpenAI is offering a limited-time promotion: eligible workspace administrators will receive a $100 account credit for each additional Premium Seat added, capped at five seats (maximum $500).

OpenAI is offering a limited-time promotion: eligible workspace administrators will receive a $100 account credit for each additional Premium Seat added, capped at five seats (maximum $500).
2026-08-11

Shanghai Municipal Commission of Economy and Informatization released its software and information services 15th Five-Year plan, committing to build an open-source ecosystem and integrate with the global software-information industry. The plan names

Shanghai Municipal Commission of Economy and Informatization released its software and information services 15th Five-Year plan, committing to build an open-source ecosystem and integrate with the global software-information industry. The plan names platforms including the Baiyulan Open Source Research Institute, OpenLoong and OpenDataLab to promote Shanghai-first launches of open-source projects across intelligent software, language corpora, algorithms, models, agents and humanoid-robot hardware/software; it endorses paid open-source and dual-license revenue models, supports firms’ commercial secondary development and aims to incubate open-source commercialization companies. The plan also seeks deeper international open-source cooperation and backing for local entities to participate in global open-source ecosystems and international rule-setting.
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