XAI will rename its X account to SpaceXAI.

China's National Financial Regulatory Administration and the Shanghai municipal government issued measures to accelerate construction of the Shanghai international reinsurance centre. The package pushes domestic insurers to centrally register reinsurance contracts and claims at the reinsurance registration and trading centre, and encourages large corporates in the China (Shanghai) Pilot Free Trade Zone Lingang New Area to centralise risk-protection management to better match risk with underwriting capacity. Authorities will support the registration centre in improving data standards, implementing graded and classified data management, and strengthening legal/compliance controls on data governance and security. The measures also promote deeper data use to support insurance and credit-risk research and to build professional risk-management capabilities in China’s insurance sector.

After the U.S. market reopened from a holiday, U.S. Treasury yields were mixed and the dollar edged higher as Middle East peace talks remain unresolved and last week’s labor data disappointed. OPEC+ agreed to boost output, weighing on oil prices. Fed minutes are due Wednesday and the economic calendar is light this week. The dollar index was up 0.2%. The 10-year Treasury yield traded at 4.459%, above last Thursday’s close of 4.447%. The two-year yield fell to 4.108% from 4.130%.