Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 18 pips to 7.1894 against the US dollar on Wednesday, 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.

ChiNext ETF debuts in Brazil

An exchange-traded fund tracking the ChiNext, China's Nasdaq-style board of growth enterprises, has been successfully listed on Brazil's stock exchange B3, the Shenzhen Stock Exchange announced on Tuesday. The listing marks the official launch of the ETF Connect program between the SZSE and the B3, ushering in a new phase of capital market cooperation between China and Brazil, according to the Shenzhen bourse.

Xinhua - China Daily