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 Y Y (named "wye" , plural "wyes") is the 25th and penultimate letter in the modern English alphabet and the ISO basic Latin alphabet. In the English writing system, it sometimes represents a vowel and sometimes a consonant. In Latin, Y was named "I graeca" ("Greek I"), since the classical Greek sound , similar to modern German "ü" or French "u", was not a native sound for Latin speakers, and the letter was initially only used to spell foreign words. This history has led to the standard modern names of the letter in Romance languages – "i grego" in Galician,