Onshore yuan (CNY) closed at 6.6705 per dollar at 16:30 on Nov 11, down 23 pips from the previous trading day.

UKMTO says it has received reports of an oil tanker incident in the Strait of Hormuz.

On Nov. 11 Lin Qiyun, director-general of the Accounting Department at China’s Ministry of Finance, told a press briefing that during the 15th Five-Year Plan period the ministry will tighten rule-of-law oversight and use the accounting supervision system as a key lever. The ministry will accelerate system-wide advancement of accounting standards and speed up supporting rules for the CPA industry, build a coordinated, efficient accounting supervision framework, and lawfully impose forceful, full-chain penalties on financial-statement and audit violations to preserve market economic order.