Economy of China the stock in some firms. Lines of credit were extended by CFS to 21 securities firms, some of which also purchased up to 5% of some companies stocks. Some of the small cap stocks acquired may be overvalued. Chinese stocks fell about 10% during the last week of July 2015 with record breaking losses on Monday. The renminbi ("people's currency") is the currency of China, denominated as the yuan, subdivided into 10 jiao or 100 fen. The renminbi is issued by the People's Bank of China, the monetary authority of China. The ISO 4217 abbreviation is CNY, although also commonly
Monetary policy of China supply and demand of social funds . Lifting of a government using the national currency exchange rate to control the feed exports and capital flows in order to reach the international balance of payments purposes. It is a Short-term Liquidity Operation, it is used when there is a temporary fluctuation in the liquidity of the banking system. As well as heralding a market-based approach, this marks a significant change for monetary policy making in China, partly because the system and its range of tools offers the central bank more autonomy to set policy. Starting in 2016, the People’s Bank of