Briefly

Chinese mainland shares close higher

Chinese mainland stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.05 percent to 3,813.79 points. The Shenzhen Component Index closed 0.17 percent higher at 12,641.86 points. Turnover of stocks covered by the two indices totaled about 1.9 trillion yuan ($283 billion), up from 1.68 trillion yuan on the previous trading day. Film and television, precious metals, cybersecurity and brokerage sectors led the gains.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 37 pips to 6.7330 against the US dollar on Friday, 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.

XINHUA-CHINA DAILY