The Chinese currency Renminbi, or the yuan, lost 38 basis points to 6.1856 against the U.S. dollar on Wednesday, [Hong Kong company registration]according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.[Set Up Company Hong Kong]

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening [Hong Kong Company Formation]of the market each business day.