The central parity rate of the yuan weakened 62 basis points to 6.3732 against the dollar, according to the China Foreign Exchange Trade System (CFETS).
The city government made the announcement Monday.
The central bank has refrained from open market operations since last Thursday after the central bank reduced the reserve requirement ratio for some commercial banks by 50 basis points, releasing a total of 700 billion yuan into the banking system.
The center will cover an estimated gross floor area of 380,000 square meters. It is expected to handle tens of millions of cross-border e-commerce parcels a year upon opening in 2023.
The central government collected 1.72 trillion yuan in fiscal revenue, down 11.2 percent year on year, while local governments saw fiscal revenue dip 8.6 percent to about 1.8 trillion yuan during the January-February period, according to data released by the Ministry of Finance (MOF).
The center uses desalinated seawater to irrigate its experimental paddies, with the highest yield reaching 9.3 metric tons per hectare in 2017.
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The central government will provide 3.5 billion yuan (4.6 million) to promote the building of the Hainan free trade port, the country's top economic planner said on June 23.
The central bank will play an important role in financial supervision in China, Zhou said, adding that loopholes in the financial regulatory system need to be closed, flaws in regulations need to be corrected and all risks that have already appeared need to be handled immediately, so as to maintain the health of the financial system.
The center welcomes visits from both international restoration experts and the general public to observe firsthand how it undertakes the protection of China's cultural heritage.
The circular, jointly issued by the Hainan Provincial Party Committee and the Hainan Provincial People's Government, was regarded as the strictest quota policy issued so far to curb housing price increases seen in recent years.