RioZim Ltd., a former unit of Rio Tinto Group, lost its operating license in Zimbabwe after the miner failed to develop a 2,800 megawatt coal-fired power plant.

The onshore yuan is heading for its biggest single-day gain in 10 months after the People’s Bank of China strengthened the daily reference rate for the managed currency by the most since January 2025.

The yuan rallied after the People’s Bank of China signaled its comfort with the currency’s appreciation via its daily reference rate, ahead of the National People’s Congress.

The People’s Bank of China is boosting the supply of money available to banks to ensure they can meet the surge in demand for cash during the Lunar New Year holidays.

The People’s Bank of China has lowered the minimum downpayment ratio for commercial property purchases to 30%, the central bank said in a statement Saturday.