On Oct 20, onshore renminbi (CNY) hit an intraday high of 6.6787 per dollar and closed at 6.6791 at 16:30, up 26 pips from the previous session and marking its strongest close since June 8, 2022. In offshore trade, the yuan (CNH) peaked at 6.6770, surpassing the prior session high.

The National Immigration Administration said China investigated and handled 4,432 crimes undermining national/border management in Q3, arresting more than 12,000 suspects, dismantling 100 major criminal gangs and placing 66 major cases under special supervision. Authorities stepped up enforcement at ports and borders against firearms/explosives, drug trafficking and smuggling: 110 drug cases were solved with 123 suspects arrested and 1.88 tonnes of drugs seized, including 21 cases exceeding 10 kg; 402 firearms and over 13,000 rounds of ammunition were confiscated.

Ukrainian President Zelenskiy said the US has not provided Ukraine with any explanation regarding limits on Starlink and Starshield service speeds.