The Chinese currency Renminbi, or the yuan,strengthened by 20 basis points to 6.4696 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system.

On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.

The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.