Briefly

Renminbi weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 355 pips to 6.7737 against the US dollar on Monday, said 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.

HK tech index loses ground on Monday

Hong Kong's Hang Seng Tech Index, which represents the 30 largest technology companies listed in the city, lost 3.65 percent to close at 4,464.82 points on Monday. The index once fell by over 4 percent during Monday trade after opening lower at 4,515.83 points, down from 4,634.19 points at the close of Friday trade.

Satellite internet gear to get licenses

The Ministry of Industry and Information Technology said it will include satellite internet equipment in network access license management starting from March 1, as it works to promote and regulate the development of satellite internet, a frontier where major countries are trying to establish a beachhead. Satellite internet equipment refers to a new type of network technology that completes data interaction and provides services to users based on satellite communication technology.

Xinhua - China Daily