Chinese mainland shares close higher

Chinese mainland stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 0.86 percent to 3403.95 points. The Shenzhen Component Index closed 0.64 percent higher at 10354.22 points.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi strengthened 35 pips to 7.1956 against the US dollar on Wednesday. In China's spot foreign exchange market, the yuan may rise or fall by 2 percent from the central parity rate each trading day.

Xinhua - China Daily