Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 1 pip to 7.1886 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.

New indexes on STAR Market in pipeline

The Shanghai Stock Exchange and China Securities Index Co Ltd have said they will launch new indexes on China's Nasdaq-style Science and Technology Innovation Board, known as the STAR Market, on Jan 20 to meet growing investor demand for richer tools representing market performance.

Xinhua - China Daily