IN BRIEF (Page 14)

Yuan decline continues

The central parity rate of the yuan, which was set by the central bank, stood at 6.8471 against the US dollar yesterday, the fifth consecutive day when it declined. The yuan also fell sharply against the US dollar in the offshore non-deliverable forwards market yesterday, causing implied yuan appreciation over the next 12 months to hit its lowest level so far this year.

Insurer sees growth