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 proactive fiscal policy will itself include the use of policies, the additional issuance of treasury bonds, and the participation of banks in purchases themselves include the use of monetary policy to support economic growth. The prudent monetary policy implemented since 1998 has achieved great success. Mainly in four aspects: First, the steady growth of total money and credit. From 1998 to 2001, the growth rate of broad money supply was basically controlled between 14% and 15%. Compared with the ups and downs of currencies and credits in the past years, we finally managed to regulate the growth of money and