The Chinese currency Renminbi, or the yuan, gained 7 basis points to 6.1695 against the U.S. dollar on Wednesday, [Hong Kong Company Registration Guide]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.

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