TIKTOK SEEKS BRAZIL CENTRAL BANK APPROVAL TO OPERATE AS LENDING AND PAYMENTS FINTECH, SOURCES SAY

A new circular from the People's Bank of China and State Administration of Foreign Exchange takes effect April 1, easing fund management for Chinese firms listing overseas and improving cross-border financing. The rules align RMB and foreign-currency requirements, allowing IPO and share-sale proceeds to be repatriated in either currency. They also streamline processes for registration, share changes, buybacks, delistings, FX conversion and account use, enhancing efficiency and supporting outbound expansion and the real economy.

OPENAI BEGINNING TO LET INDIVIDUAL INVESTORS ACCESS ITS STOCK MONTHS BEFORE EXPECTED IPO - AXIOS