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Yuan Tumble Unlikely Despite Weakening
Oct 24, 2016Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan retreated ...
Tags: Chinese currency, renminbi
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RMB Records Weakening Streak Against USD
Oct 13, 2016The central parity rate of the Chinese currency renminbi, or the yuan, weakened another 160 basis points to 6.7258 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System (CFETS). It was the weakest level ...
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Yuan Rises Versus Basket of Currencies
Jun 8, 2016The yuan edged up against a basket of currencies in May despite hopes for a stronger US dollar, according to an index released by financial services provider China Foreign Exchange Trade System. The yuan exchange rate composite index, ...
Tags: basket of currencies, US dollar
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Call for Potent Market Supervision After Tumultuous Year
Dec 31, 2015Economists and insiders are calling for more effective goverment supervision as a year of wild swings in China's stock market is coming to an end. China fought an unprecedented and costly war in 2015 to contain wide stock market ...
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Chinese Shares Register Gains Friday on Strong Transportation Sector
Dec 28, 2015Chinese stocks posted gains on Friday as market sentiment was boosted by a strong transportation sector. The benchmark Shanghai Composite Index rose 0.43 percent to close at 3,627.91 points. The smaller Shenzhen index gained 0.37 percent ...
Tags: Shares, Transportation Sector
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Chinese Shares Continue Fall LED by Brokerages, Coal Industry
Dec 25, 2015Chinese stocks tumbled for the second straight session Thursday led by brokerages and the coal sector. The benchmark Shanghai Composite Index dropped 0.65 percent to close at 3,612.49 points. The Shenzhen index lost 0.58 percent to finish ...
Tags: Shares, Brokerages
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RMB to Remain "Basically Stable" Against Basket of Currencies: Central Bank
Dec 16, 2015China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank
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China Stocks Rise on Friday
Sep 18, 2015Chinese shares rose on Friday, with the benchmark Shanghai Composite Index up 0.38 percent to end at 3,097.92 points. The Shenzhen Component Index rose 1.14 percent to close at 9,850.77 points. The ChiNext Index, which tracks China's ...
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China Devalues Yuan in Surprise Move
Aug 12, 2015China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar
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Chinese Shares Rally to Regain 4,000-Point Mark
Jul 13, 2015Chinese shares continued to rally on Monday, with the benchmark Shanghai index jumping more than 3 percent in the afternoon trading session to regain the 4,000-point psychological mark. The smaller Shenzhen Component Index advanced about ...
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China Confident of Stabilizing Capital Market
Jul 6, 2015China is capable and confident it can maintain the capital market stable and sound, said a commentary of People's Daily, the flagship newspaper of the Communist Party of China (CPC). Since mid-June, the benchmark Shanghai Composite Index ...
Tags: Capital Market, stock market
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Shanghai Composite Index Down More Than 3% at The End of Trading
Jun 16, 2015Chinese shares dived on Tuesday, with the benchmark Shanghai Composite Index down more than 3 percent at the end of trading, driven by an exodus of capital from the stock market. The benchmark Shanghai Composite Index dived 3.47 percent, ...
Tags: ChiNext Index, Chinese shares
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Chinese Shares Rose to The Highest Level in Seven Years
Jun 11, 2015Chinese shares rose to the highest level in seven years in volatile trade as bets that MSCI Inc will include mainland shares in its indexes overshadowed weaker shipments data. The ChiNext index of smaller and startup companies tumbled 4.67 ...
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China's Stocks Close Higher on Tuesday
May 19, 2015Chinese shares ended higher on Tuesday, with the benchmark Shanghai Composite Index surging 3.13 percent, or 134.06 points, to finish at 4,417.55 points. The Shenzhen Component Index soared 3.10 percent, or 454.74 points, to close at ...
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Chinese Shares Rose to The Highest Level in More Than Five Years on Monday
Mar 17, 2015Chinese shares rose to the highest level in more than five years on Monday after Premier Li Keqiang said the country has a string of policy tools at the government's disposal to bolster economic growth. The benchmark Shanghai Composite ...
Tags: Chinese shares, economic growth