[Hong Kong Company Formation, Incorporation, Business Registration]The yuan Monday weakened the most in five weeks on the spot market after the Chinese central bank set the reference rate to a 10-day low.

The yuan dipped 0.09 percent to 6.2213 dollars in Shanghai, the largest daily decline since December 14, according to the China Foreign Exchange Trade System. The yuan can trade up to 1 percent on either side of the central bank's fixing.

[Hong Kong Company Formation|Hong Kong Company Registration]The People's Bank of China yesterday set the central parity rate at 6.2790 per US dollar, the weakest since January 10.

The yuan's weakening occurred as other major currencies, including the euro, yen and pound, slipped against the US dollar on speculation that on-going meetings of leaders in Europe and Japan would lead to monetary easing in both regions.

[Hong Kong Company Registration Guide]The yen hit the weakest against the dollar in over two years yesterday. It recovered before the market closed.