Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 32 pips to 7.1728 against the US dollar on Thursday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese mainland shares close lower

Chinese mainland stocks closed lower on Thursday, with the benchmark Shanghai Composite Index down 0.39 percent to 3358.73 points. The Shenzhen Component Index closed 0.99 percent lower at 10736.19 points.

Xinhua - China Daily