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ChiNext Index higher at midday Tuesday

BEIJING, Jan. 10 (Xinhua) -- The ChiNext Index, tracking Chinas Nasdaq-style board of growth enterprises, went up 0.41 percent to 2,450.43 points in the morning session Tuesday.The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange.

Chinese shares mixed at midday Tuesday

BEIJING, Jan. 10 (Xinhua) -- Chinas major stock indices ended mixed in the morning session Tuesday, with the benchmark Shanghai Composite Index down 0.18 percent to 3,170.41 points.The Shenzhen Component Index gained 0.04 percent to 11,455.04 points at midday.

China's interbank treasury bond index opens lower Tuesday

BEIJING, Jan. 10 (Xinhua) -- Chinas interbank treasury bond index in net price opened at 996.49 points Tuesday, lower than the previous close of 996.69 points, according to the China Foreign Exchange Trade System.The index reflects real-time trading of treasury bonds in Chinas interbank bond market.The index opens at 9 a.m. on every workday and is updated every five minutes until closing at 5 p.m.

China's benchmark interbank gold prices higher Tuesday

BEIJING, Jan. 10 (Xinhua) -- Chinas benchmark prices for spot interbank gold transactions were higher Tuesday, according to the China Foreign Exchange Trade System.File photo: VCGThe benchmark price for gold that is 99.95 percent pure or above stood at 413.58 yuan (about 61.17 U.S. dollars) per gram, up 4.48 yuan from the previous trading day, while the price for gold that is 99.99 percent pure or above went up 4.07 yuan to 413.42 yuan per gram.Spot transaction prices on the interbank price inquiry market are allowed to rise or fall within 15 percent from the benchmark prices each trading day.The interbank gold price inquiry business was introduced in 2012 to enhance market liquidity and enrich trading models.

China's central bank conducts reverse repos to boost liquidity

BEIJING, Jan. 10 (Xinhua) -- Chinas central bank Tuesday conducted 2 billion yuan (about 295.81 million U.S. dollars) of reverse repos to maintain liquidity in the banking system.Photo: CGTNThe interest rate for the seven-day reverse repos was set at 2 percent, according to the Peoples Bank of China.The move is aimed at keeping liquidity stable in the banking system, the central bank said.A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Chinese yuan strengthens to 6.7611 against USD Tuesday

BEIJING, Jan. 10 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 654 pips to 6.7611 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.In Chinas spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

ChiNext Index opens higher Tuesday

BEIJING, Jan. 10 (Xinhua) -- The ChiNext Index, tracking Chinas Nasdaq-style board of growth enterprises, was up 0.05 percent to open at 2,441.5 points Tuesday.The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange.

Chinese shares open higher Tuesday

BEIJING, Jan. 10 (Xinhua) -- Chinese stocks opened higher on Tuesday, with the benchmark Shanghai Composite Index up 0.06 percent to open at 3,178.02 points.The Shenzhen Component Index opened 0.05 percent higher at 11,455.6 points.

US stocks close mixed

U.S. stocks ended mixed on Monday.The Dow fell 0.34 percent to 33,517.65, and the S&P 500 decreased 0.08 percent to 3,892.09, while the Nasdaq increased 0.63 percent to 10,635.65.

Guangdong carbon market closes lower

GUANGZHOU, Jan. 9 (Xinhua) -- Carbon emissions allowances closed at 74.21 yuan (10.87 U.S. dollars) per tonne on Monday, 1.21 percent down from Friday, at Guangzhou Emissions Exchange, the largest local carbon market in China.A total of 8,560 tonnes of allowances were transacted on Monday, with a turnover of 635,226.74 yuan.The allowances, officially known as Guangdong Emissions Allowances (GDEA), are carbon dioxide emissions caps assigned to companies. Firms whose emissions surpass their share must buy extra quotas from authorities or purchase unused quotas on the market from those that cause less pollution.Since its opening in December 2013, the market has traded 214.413 million tonnes of GDEA, with a total turnover of 5.648 billion yuan.

Hong Kong's Hang Seng Index closes 1.89 pct higher

HONG KONG, Jan. 9 (Xinhua) -- Hong Kongs Hang Seng Index closed higher on Monday, with the benchmark Hang Seng Index up 1.89 percent to close at 21,388.34 points.The Hang Seng China Enterprises Index gained 1.99 percent to end at 7,286.07 points, and the Hang Seng Tech Index soared 3.15 percent to close at 4,570.72 points.

Foreign firms show confidence in Chinese market

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. (Photo/Xinhua)Foreign investment in China has increased since the country lifted its strict virus control measures. That shows the confidence foreign investors have in the Chinese market.Their confidence st

China's auto brand Hongqi to boost overseas expansion

CHANGCHUN,Jan.9(Xinhua)--Hongqi,acarbrandunderChina'sleadingautomakerFAWGroupCo.,Ltd.,willaccelerateexpansionintheoverseashigh-endautomarketwithafocusontheEuropeanregion,thecompanysaidMonday。

China to make monetary policy more targeted, effective: senior official

China will make its prudent monetary policy more targeted and effective in order to facilitate the overall recovery and improvement of its economy, a senior official said.In an interview with Xinhua, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, highlighted expandin

Economy grows despite COVID headwinds

ContainersfromallovertheworldwaittobeloadedorunloadedatYangshanPortnearShanghaionApril24.(PhotobyZhuXingxin/ChinaDaily)Countryregisteredaveragegrowthof4。

More Chinese cities break 2t yuan GDP mark

ContainersfromallovertheworldwaittobeloadedorunloadedatYangshanPortnearShanghaionApril24,2022.(PhotobyZhuXingxin/ChinaDaily)SevencitiesinChinaregisteredGDPofover2trillionyuan($294.4billion)in2022,accordingtoareportbymediaoutletYicaionJan8。

Carmakers confident of 2023 despite subsidy withdrawals

Visitors inspect Xpeng's models in a shopping mall in Beijing in October. (CHINA DAILY)Annual sales set to rise with brands adopting new strategies to counter policy changesCarmakers in China have had to adapt their marketing steps in response to the government's withdrawal of the yearslong generous

No plan to launch IPO, Ant Group says

Alibaba's financial arm Ant Group said on Monday that it has no plan to initiate an initial public offering following a series of shareholding adjustments recently."Ant Group has been focusing on its business rectification and optimization, and does not have a plan for an IPO," an Ant spokesperson s

ChiNext Index closes higher Monday

BEIJING, Jan. 9 (Xinhua) -- The ChiNext Index, tracking Chinas Nasdaq-style board of growth enterprises, gained 0.75 percent to close at 2,440.37 points Monday.The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange.

Chinese shares close higher Monday

BEIJING, Jan. 9 (Xinhua) -- Chinese stocks closed higher Monday, with the benchmark Shanghai Composite Index up 0.58 percent to 3,176.08 points.The Shenzhen Component Index closed 0.73 percent higher at 11,450.15 points.The combined turnover of stocks covered by the two indices stood at 807.17 billion yuan (118.18 billion U.S. dollars), down from 838.1 billion yuan on the previous trading day.Shares related to nonferrous metals and education led the gains, while those in the real estate and defense and military industry suffered big losses.The ChiNext Index, tracking Chinas Nasdaq-style board of growth enterprises, gained 0.75 percent to close at 2,440.37 points.

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