Stocks on the Chinese mainland rose the most in almost a week on Monday. The advance came after commodity prices rose and higher-than-forecast growth in the US job numbers bolstered confidence in the global recovery.
HSBC released its Interim Management Statement (IMS) on Monday stating that its net profit in the first quarter of this year was $4.15 billion, up 58 percent year-on-year, resulting in basic earnings per ordinary share of 23 cents, up 53 percent.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, rose 1.46 percent, or 13.38 points, to 931.66 Monday.
Chinese shares closed higher Monday with the benchmark Shanghai Composite Index up 0.3 points, or 8.57 points, to 2,872.46.
China's stock index futures closed higher Monday with the contract for May, the most actively traded, up 0.42 percent from the previous close to 3,137.2.
The Chinese currency renminbi (RMB), or the yuan, Monday gained 15 basis points from the previous trading day to hit a new high of 6.4988 per US dollar.
The following are foreign exchange rates against Hong Kong dollar released by the Bank of China (Hong Kong) Limited on Saturday
The Chinese currency renminbi, or the yuan, Monday gained 15 basis points from the previous trading day to hit a record new high of 6.4988 per US dollar.
Bank of China has officially begun its branch in Cambodia on Saturday, and its Phnom Penh Branch is the first lender from China in the country and is the Kingdom's 30th commercial bank.
Analysts fear B-share market may be rendered redundant by bourse
A rising yuan will not cause heavy losses to China's $3 trillion foreign exchange reserves, the nation's forex regulator said on Friday, refuting some media reports that a stronger yuan against the US dollar had led to heavy losses of the huge forex reserves.
The People's Bank of China said it has signed a 5-billion-yuan currency swap agreement with the Central Bank of the People's Republic of Mongolia.