CSI 300 posts best one-day gain in 3 years and renminbi hits 7-month peak

Slowing economy and lower interest rates expected to weigh on Chinese currency

The city’s charm offensive has paid off, with daily orders averaging $73bn in October

China equities lead rebound and renminbi reaches 6-month high while dollar weakens

Trading volumes in the Chinese currency against the US dollar rise 17 per cent

Data on price growth and exports came in worse than forecast

Improvement in Sino-American relations eases pressure on currency

Beijing uses monetary easing, fiscal stimulus and weaker currency to support growth

Decision is first time China has granted such a licence to a foreign-based group

Central bank dips into forex reserves to make heaviest monthly intervention in 2 years