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The onshore yuan closed at 6.6711 against the US dollar at 16:30 on October 23, up 16 points from the previous trading day.

2026-10-23

The onshore yuan closed at 6.6711 against the US dollar at 16:30 on October 23, up 16 points from the previous trading day.

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2026-10-23

The State Administration of Foreign Exchange (SAFE) published a draft notice seeking comments on measures to further ease cross-border investment and financing. The draft permits domestic institutions to remit funds abroad as overseas-investment stan

The State Administration of Foreign Exchange (SAFE) published a draft notice seeking comments on measures to further ease cross-border investment and financing. The draft permits domestic institutions to remit funds abroad as overseas-investment standby funds for small, routine operating expenses of overseas investees (rent, utilities, staff costs, office, transport, taxes, petty procurement). Banks may process remittances on presentation of a commitment letter specifying offshore use. Remittances are limited to the equivalent of $200,000 per month and cumulatively may not exceed 10% of the domestic institution’s registered outbound direct investment (ODI) remittance quota. Misuse of standby funds will be investigated and dealt with according to law.
2026-10-23

OpenAI said its Decision API is now generally available.

OpenAI said its Decision API is now generally available.
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