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The Chinese currency renminbi (RMB), or the yuan, Tuesday gained 38 basis points from the previous trading day to hit a record new high of 6.4950 per US dollar.
Stocks on the Chinese mainland rose the most in almost a week on Monday. The advance came after commodity prices rose and higher-than-forecast growth in the US job numbers bolstered confidence in the global recovery.
HSBC released its Interim Management Statement (IMS) on Monday stating that its net profit in the first quarter of this year was $4.15 billion, up 58 percent year-on-year, resulting in basic earnings per ordinary share of 23 cents, up 53 percent.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, rose 1.46 percent, or 13.38 points, to 931.66 Monday.
Chinese shares closed higher Monday with the benchmark Shanghai Composite Index up 0.3 points, or 8.57 points, to 2,872.46.
China's stock index futures closed higher Monday with the contract for May, the most actively traded, up 0.42 percent from the previous close to 3,137.2.
Chinese shares opened higher on Monday with the benchmark Shanghai Composite Index up 0.15 percent to 2,868.24 points.
The Chinese currency renminbi, or the yuan, Monday gained 15 basis points from the previous trading day to hit a record new high of 6.4988 per US dollar.
The People's Bank of China set the yuan's reference rate at a new record high of 6.4988 per dollar on Monday, right ahead of the annual China-US Strategic and Economic Dialogue held in Washington.
Chinese shares opened higher on Tuesday with the benchmark Shanghai Composite Index up 0.16 percent to 2,876.98 points.
The following are the central parity rates of the renminbi against seven major currencies announced Tuesday by the China Foreign Exchange Trading System.
The following are foreign exchange rates against Hong Kong dollar released Monday by the Bank of China (Hong Kong) Limited
