Local grid enhances power protection

Chinese power operators have introduced new measures to better protect power facilities and help enterprises follow energy laws. In the prefecture-level city of Chuzhou in East China's Anhui province, local power workers joined the Chuzhou high-tech zone administrative committee in forming a legal-affairs task force, conducting "rule-of-law checks" on 22 companies installing new-energy generation facilities in Tianchang. In 19 other companies without new-energy installations, staff members of State Grid Tianchang offered an on-site micro class to brief workers on national energy security issues. During the visits, the employees also helped enterprises identify and rectify six safety hazards and provided power-optimization recommendations to lower electricity costs.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 14 pips to 7.1013 against the US dollar on Wednesday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese mainland shares close higher

Chinese mainland stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 0.37 percent to 3876.34 points. The Shenzhen Component Index closed 1.16 percent higher at 13215.46 points. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.95 percent to close at 3147.35 points.

Xinhua - China Daily