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
Y [ɘ]. Similarly, in Middle Welsh, Y came to be used to designate the vowels /ɨ/ and /ɘ/ in a way predictable from the position of the vowel in the word. Since then, /ɨ/ has merged with /i/ in Southern Welsh dialects, but /ɘ/ is retained. In Modern English, Y can represent the same vowel sounds as the letter I. The use of the letter Y to represent a vowel is more restricted in Modern English than it was in Middle and early Modern English. It occurs mainly in the following three environments: for upsilon in Greek loan-words ("system": Greek σύστημα),