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
Pao (unit) Pao (unit) The pao is an obsolete unit of dry measure (mass) which was used in South Asia. The name may come from the Punjabi ਪਾਓ "páo", which was a traditional charge of one quarter of a seer per every maund of grain that was weighed, converted into a tax by Sawan Mal. Turner also cites a Sindhi word "pāu" () meaning a quarter of a seer. The pao was recorded in the Bengal Presidency in 1850, but was not considered to be an integral part of the local system of weights. It was equal to four chitaks, and hence