Business
Chinese stocks opened higher Friday, with the benchmark Shanghai Composite Index up 0.09 percent to open at 3,614.11 points.
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 116 pips to 6.3856 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.
China will promote the integration of domestic and foreign trade, and consolidate the stability of the supply and industrial chains to ensure jobs for nearly 200 million people during the 14th Five-Year Plan period (2021-25), a government report said on Wednesday.
STOCK INDICES
Shanghai Composite 2789.25 3.40% 16/03
Shenzhen Composite 10253.28 5.34% 16/03
Hang Seng 23063.57 4.03% 16/03
Nikkei Average 17002.04 2.46% 16/03
Dow Jones 20188.52 12.93% 16/03
Nasdaq 6,904.59 12.32% 16/03

 

China's foreign exchange regulator Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors.
With China on track to achieve its net-zero carbon pledges, global investors are eyeing new green business opportunities from the world's second largest market.
Faced with recent price hikes in bulk commodities, China is ratcheting up regulatory efforts to fend off rising raw material costs and stabilize the market.
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