(MENAFN- QNA) The value of the Chinese yuan, gained 31 basis points to 6.1666 against the US dollar in its central parity on Thursday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, China's News Agency (Xinhua) reported.
The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Meanwhile Chinese shares recorded fresh highs on Thursday, with the benchmark Shanghai Composite Index up 0.8% to finish at 2,306.86 points.
According to China's Xinhua News Agency, the Shenzhen Component Index rose 0.75 % to close at 8,176.57 points.
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